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Animal Feed Additives Market | Global Industry Report, 2031

03-13-2024 06:42 AM CET | Food & Beverage

Press release from: Transparency Market Research

Animal Feed Additives Market | Global Industry Report, 2031

The global animal feed additives market is projected to witness substantial growth from 2021 to 2031, driven by the increasing demand for meat and dairy products, especially in developing regions. Animal feed additives are supplements added to animal diets to enhance the quality of feed and improve animal health, growth, and productivity.

Market Size (2021): The global animal feed additives market was valued at US$ 40 Bn in 2021.
Market Growth: It is expected to grow at a CAGR of 5.2% during the forecast period (2021-2031).
Market Drivers: The rising demand for high-quality animal protein, growing awareness about animal health, and the need to enhance feed efficiency are key factors driving market growth.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ (๐”๐ฌ๐ž ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐Œ๐š๐ข๐ฅ ๐ˆ๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ข๐œ๐ค ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ž) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76155&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Market Segmentation

By Type:
Antibiotics
Vitamins
Antioxidants
Amino Acids
Enzymes
Others

By Livestock:
Poultry
Swine
Ruminants
Aquaculture
Others

By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Regional Analysis

North America: The region is expected to dominate the market, with the United States leading in terms of consumption and production of animal feed additives.
Europe: Stringent regulations regarding the use of antibiotics in animal feed are expected to drive the market for alternative feed additives in the region.
Asia-Pacific: Rapid urbanization, population growth, and increasing disposable income are driving the demand for meat and dairy products, thereby boosting the market for animal feed additives in the region.

Market Trends

Shift towards Natural Additives: There is a growing trend towards natural feed additives, driven by consumer preferences for natural and organic products.
Focus on Feed Efficiency: Producers are increasingly focusing on improving feed efficiency to reduce costs and improve profitability.
Emerging Markets: Emerging markets such as China, India, and Brazil are expected to offer lucrative opportunities for market players, owing to the increasing demand for meat and dairy products.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=76155<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Competitive Landscape

The global animal feed additives market is highly competitive, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge.
Some of the key players in the market include Archer Daniel Midland Company, BASF SE, Koninklijke DSM N.V, Megamix LLC, Evonic Nutrition and Care GmbH, Ajinomoto Co Inc, Solay, Novozymes, Kemin Industries Inc, Nutreco, Adesseo, Bioseutica, Alltech Inc.

Future Outlook

The global animal feed additives market is expected to continue witnessing strong growth during the forecast period, driven by the increasing demand for high-quality animal protein and the need to improve feed efficiency.
Market players are likely to focus on developing innovative feed additives and expanding their presence in emerging markets to capitalize on the growing demand for meat and dairy products.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก -

๐–๐š๐ฅ๐ง๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html

๐…๐ฎ๐ง๐œ๐ญ๐ข๐จ๐ง๐š๐ฅ ๐…๐ฅ๐จ๐ฎ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
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