Press release
Global Feed Additives Market Report Size, Share, Growth, Analysis, Price, Outlook, Trends and Forecast 2024-2032
According to the report by Expert Market Research (EMR), the global feed additives market is projected to grow at a CAGR of 5.4% between 2024 and 2032. Aided by rising demand for animal-based food products and rising prevalence of animal diseases, the market is expected to grow significantly by 2032.
Feed additives, integral for enhancing the quality of animal feed, comprise vitamins, enzymes, amino acids, and antioxidants. They not only elevate the nutritional content of the feed but also act as a bulwark against various animal diseases. Emphasising the importance of the holistic health of livestock - a factor interlinked with the quality of animal-derived products - feed additives have become an essential component in modern animal husbandry.
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One of the key feed additives market trends includes the surging demand for organic livestock products. The contemporary consumer, equipped with heightened awareness about food safety and quality, manifests a preference for organic meat, dairy, and poultry items. This predilection underscores the importance of organic feed additives, steering livestock farmers to transition from traditional to organic additives.
Fuelling the feed additives market growth is the escalating meat consumption globally, coupled with the rising emphasis on the health and productivity of livestock. As the world's population burgeons, the demand for protein-rich diets witnesses a corresponding upswing. To satiate this surging demand, livestock farmers are vying for enhanced feed efficiency and higher meat yield, underscoring the criticality of feed additives.
In terms of feed additives market share, the Asia Pacific region, especially countries like China and India, is one of the leading regions in the market globally. This dominance can be attributed to the rapid strides in livestock production and the increasing inclination towards advanced farming practices in these regions. Furthermore, as urbanisation intensifies and disposable incomes swell, the demand for quality animal-derived products witnesses a surge, fortifying the region's market position.
A nuanced feed additives market analysis also necessitates an exploration into promising horizons. With the world's escalating protein demand and an unwavering emphasis on livestock health, feed additives stand at the cusp of significant market expansion, all set to reshape modern animal husbandry paradigms.
Read Full Report With Table Of Contents: https://www.expertmarketresearch.com/reports/feed-additives-market
Feed Additives Market Segmentation
The market can be divided based on source, product type, livestock, form, and region.
Market Breakup by Source
Synthetic
Natural
Market Breakup by Product Type
Amino Acids
Lysine
Methionine
Threonine
Tryptophan
Phosphates
Monocalcium Phosphate
Dicalcium Phosphate
Mono-dicalcium Phosphate
Defulorinated Phosphate
Tricalcium Phosphate
Vitamins
Fat-Soluble
Water-Soluble
Acidifiers
Propionic Acid
Formic Acid
Citric Acid
Lactic Acid
Sorbic Acid
Malic Acid
Acetic Acid
Carotenoids
Astaxanthin
Canthaxanthin
Lutein
Beta-Carotene
Enzymes
Phytase
Protease
Mycotoxin Detoxifiers
Binders
Modifiers
Flavours and Sweeteners
Flavors
Sweeteners
Antibiotics
Tetracycline
Penicillin
Minerals
Potassium
Calcium
Phosphorus
Magnesium
Antioxidants
BHA
BHT
Ethoxyquin
Others
Non-Protein Nitrogen
Urea
Ammonia
Others
Preservatives
Mould Inhibitors
Anticaking Agents
Phytogenics
Essential Oils
Herbs and Spices
Oleoresin
Others
Probiotics
Lactobacilli
Stretococcus Thermophilus
Bifidobacteria
Others
Market Breakup by Livestock
Ruminants
Calves
Dairy Cattle
Beef Cattle
Others
Poultry
Broilers
Layers
Breeders
Swine
Starters
Growers
Sows
Aquatic Animal
Others
Market Breakup by Form
Dry
Liquid
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Feed Additives Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global feed additives market. Some of the major players explored in the report by Expert Market Research are as follows:
Cargill, Incorporated
Archer Daniels Midland Company
Evonik Industries AG
BASF SE
DSM
Biovet S.A.
Chr. Hansen Holding A/S
Novozymes Group
Kemin Industries, Inc.
Nutreco N.V.
International Flavors & Fragrances Inc.
Others
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