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Berry Extracts For Feed Market: Unmasking Growth Trajectories, Market Size, CAGR, and Trends
Berry Extracts For Feed Market Size
What Is The Projected Market Size Of The Global Berry Extracts For Feed Market And Its Growth Rate?
The global berry extracts for feed market has been displaying robust growth and this trend is expected to continue in the subsequent years. Key statistical highlights include:
- Market size of $6.42 billion in 2024.
- Growth to $6.81 billion in 2025, registering a CAGR of 6.1%.
- Growth fuelled by increased focus on feed quality, shift towards sustainable farming, and exploration of natural feed ingredients.
- Future growth predicted to reach $9.17 billion in 2029 at a CAGR of 7.7%.
What Is Driving The Growth In The Berry Extracts For Feed Market?
The growth of the berry extracts for feed market is driven by the rising preference for animal-based protein. Berry extract feed, particularly blueberries, introduce enzymes like activated protein kinase (APK) to aid the processing of animal proteins. Global fish consumption, an illustrative example of animal protein preference, is predicted to reach 21.4 kg per capita in 2031, an increase from 20.5 kg per capita in 2021 based on OECD and FAO data. This trend is propelling the growth of berry extracts for feed market.
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Who Are the Key Players Driving Berry Extracts For Feed Market Growth?
The key drivers of the berry extracts for feed market include high-profile names like:
- Nutrition N.V.
- Kemin Industries Inc.
- Biomin Holding GmbH
- Impextraco NV
- Merck Animal Health
- Novus International Inc.
- Alltech Inc.
- Archer-Daniels-Midland Company
- Nutra Green Biotechnology Co. Ltd., among others.
What Are The Key Trends In The Berry Extracts For Feed Market?
Notable trends in the forecast period include:
- Market shifts towards natural feed additives.
- Health and nutritional benefits of berry extracts.
- Antioxidant-rich supplements
- Natural alternatives to synthetic additives.
- Performance enhancement in livestock.
What Are The Segments Of The Global Berry Extracts For Feed Market?
The global berry extracts for feed market is segmented by:
- Form: Liquid, Powder, Pills
- Source: Natural, Synthetic
- Application: Pharmaceutical, Food And Beverage, Nutraceutical
Which Region Leads The Berry Extracts For Feed Market?
In 2024, Asia-Pacific emerged as the largest regional market for berry extracts for feed. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Berry Extracts For Feed Market Global Market Report?
- Market Size Analysis: Analyze the size of the Berry Extracts For Feed Market by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify the various subsegments within the Berry Extracts For Feed Market for effective categorization.
- Key Player Focus: Focus on key players' market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate the contributions of different segments to the overall Berry Extracts For Feed Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Berry Extracts For Feed Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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