Press release
Feed Additives Market Size, Growth, Opportunities 2024-2032 | Cargill, Incorporated (U.S.), ADM (U.S.), Ajinomoto Co., Inc. (Japan)
The global feed additives market size was USD 36.17 billion in 2023. The market size is expected to rise from USD 37.92 billion in 2024 to USD 53.66 billion by 2032 at a CAGR of 4.43% during the projected period.Animal feed additives are crucial ingredients added to animal feed. They serve essential roles in enhancing promoting animal health, optimizing metabolic functions, and overall feed utilization for the overall betterment of animal performance. The rise is due to the growing demand for functional feed with an aim to improve the overall physiological quality of animals.
Fortune Business Insightsโข provides this information in its research report, titled "Feed Additives Market, 2024-2032".
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/feed-additives-market-104345
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Cargill, Incorporated (U.S.)
โข ADM (U.S.)
โข Ajinomoto Co., Inc. (Japan)
โข Evonik Industries (Germany)
โข DuPont (U.S.)
โข Novozymes (Denmark)
โข DSM (Netherlands)
โข Adisseo (China)
โข Chr. Hansen Holding (Denmark)
โข Kemin Industries, Inc. (U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฆ๐ข๐ง๐จ ๐๐๐ข๐๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐๐ซ๐ข๐ฏ๐๐ง ๐๐ฒ ๐๐จ๐๐ซ๐ข๐ง๐ ๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐๐ ๐จ๐ ๐๐ฆ๐ข๐ง๐จ ๐๐๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐ฎ๐ฅ๐๐ซ ๐๐ข๐๐ญ ๐ ๐๐๐
On the basis of type, the market is divided into vitamins and minerals, antioxidants, amino acids, and others. The amino acids segment is set to lead the feed additives market share and is likely to maintain its leadership over the forecast period. This is due to the growing importance of amino acids in the regular diet feed for ensuring their optimal performance.
๐๐จ๐ฎ๐ฅ๐ญ๐ซ๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฆ๐ฉ๐๐ฅ๐ฅ๐๐ ๐๐ฒ ๐๐ฌ๐๐๐ฅ๐๐ญ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ ๐๐๐ ๐๐๐๐ข๐ญ๐ข๐ฏ๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ฅ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
On the basis of animal type, the market is sub-segmented into cattle, poultry, swine, and others. The poultry segment is touted to lead the market. The surge is propelled by the growing demand for functional feed additives.
Based on geography, the market has been studied across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report gives a comprehensive analysis of the major trends poised to impel the global business scenario throughout the projected period. The research provides a thorough analysis of market size, share, revenue, and volume. A comprehensive understanding of the market has been offered via quantitative and qualitative analyses. In addition, it provides insight into the key driving and restraining factors. Product launches are prioritized by stakeholders to gain traction.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/feed-additives-market-104345
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐๐ ๐๐จ๐ซ ๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐๐ข๐ญ๐ข๐ฏ๐๐ฌ ๐ญ๐จ ๐๐ฉ๐ฎ๐ซ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฆ๐๐ง๐
One of the prominent factors influencing the feed additives market growth is the rapid commercialization and expansion of livestock farming in developing countries. This is driven by the rising demand for animal products, considering the use of functional additives to ensure the health and productivity of animals.
However, the economic constraints in emerging countries may hinder industry expansion to some extent.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐ฆ๐๐ซ๐ ๐ ๐๐ฌ ๐๐๐ฒ ๐๐๐ ๐ข๐จ๐ง ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ง๐ ๐จ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐จ๐๐๐ซ๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง
Asia Pacific feed additive market share is estimated to dominate the market throughout the forecast period. The region dominated the market in 2022 and held a value of USD 12.98 billion. The growth in this region can be attributed to the ongoing consolidation and modernization of the feed sector in India, Vietnam, Japan, and China.
North America market is likely to grow at a notable CAGR over the analysis period. With over 5,000 feed manufacturing facilities and annual production exceeding 200 million tons of finished animal feed, the region's capacity for feed production is a significant driver of market growth.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/enquiry/feed-additives-market-104345
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ข๐ณ๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฎ๐ง๐๐ก๐๐ฌ ๐ญ๐จ ๐๐๐ข๐ง ๐๐ซ๐จ๐ฎ๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
Established firms and startups are expected to invest in organic and inorganic initiatives to increase their presence in the feed additives marketplace. The forecast period will see a dramatic rise in the importance of product launches, collaborations, inventions, and R&D activities.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
โข ๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐๐ - JB Chemicals and Pharmaceuticals Ltd announced its plans to acquire Sanzyme Pvt Ltd. With this acquisition, the company would expand their presence into new therapeutic areas.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฐ๐ฌ:
Feed Micronutrients Market: https://www.fortunebusinessinsights.com/feed-micronutrients-market-102265
Feed Flavors & Sweeteners Market: https://www.fortunebusinessinsights.com/feed-flavors-sweeteners-market-103204
Feed Amino Acids Market: https://www.fortunebusinessinsights.com/feed-amino-acids-market-105243
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Fortune Business Insightsโข Pvt. Ltd.
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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