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Rising Meat Consumption's Driving The Nutritional Feed Additives Market: Powering Innovation and Expansion in the Nutritional Feed Additives Market by 2025
Nutritional Feed Additives
What Is the Expected CAGR for the Nutritional Feed Additives Market Through 2025?
The market size for nutritional feed additives has seen robust growth lately. Projected growth takes it from $2.57 billion in 2024 to $2.74 billion in 2025 with a compound annual growth rate (CAGR) of 6.7%. This uptick during the past period is linked to factors such as the health and productivity of livestock, disease prevention measures, nutritional supplements, and a rise in meat and dairy production.
What's the Projected Size of the Global Nutritional Feed Additives Market by 2029?
The market size of nutritional feed additives is anticipated to experience robust expansion in the upcoming years, reaching a value of $3.52 billion by 2029, progressing at a Compound Annual Growth Rate (CAGR) of 6.4%. The projected growth in this timeframe can be credited to factors like sustainable animal agriculture, alternatives to antibiotics, accurate livestock farming, and product innovation. Key trends expected in this period encompass functional feed additives, protein supplements and amino acids, omega-3 fatty acids, and ethical and sustainable farming.
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Top Growth Drivers in the Nutritional Feed Additives Industry: What's Accelerating the Market?
An increase in the demand for meat products contributes significantly to the growth of the nutritional feed additives market. This surge in meat consumption has led to a heightened focus on the quality of meat. Therefore, animals are provided with extra nutritional feed additives to ensure their proper digestion, resulting in better muscle development and weight gain. Consequently, this accelerates the yield and productivity, thereby augmenting the need for nutritional feed additives. As it stands, consumption of meat and poultry in the US surpasses 100 billion pounds annually.
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What Trends Will Shape the Nutritional Feed Additives Market Through 2029 and Beyond?
Manufacturers of feed additives are putting resources into the research and development of organic feed additives due to an increased need for organic and natural feed products in the nutritional feed additives market. Organic feed additives, in comparison to synthetic nutrition feed additives, not only minimize side effects but also enhance output. Hence, poultry farmers are opting for herbal nutrition feed additives. For instance, Agpulse Organics has introduced its herbal animal feed additive named 'Govahnika-Biosheera'. This additive, provided to cattle, enhances milk output while keeping the cattle healthy and maintaining milk quality.
What Are the Main Segments in the Nutritional Feed Additives Market?
The nutritional feed additives market covered in this report is segmented -
1) By Form: Dry, Liquid, Other Forms
2) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals
3) By Livestock: Ruminants, Poultry, Swine, Aquatic
4) By Distribution Channel: Direct, Indirect, Hyper market/Super market, Specialty Stores, Online Retail
Subsegments:
1) By Dry: Powdered, Granules, Pellets
2) By Liquid: Solution, Suspension
3) By Other Forms: Paste, Gel
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Which Top Companies are Driving Growth in the Nutritional Feed Additives Market?
Major companies operating in the nutritional feed additives market include BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V, Kemin Industries Inc., Adisseo Company, Alltech Biotechnology Pvt. Ltd., Phibro Animal Health Corporation, DuPont de Nemours Inc., Koninklijke DSM N.V, Novozymes A/S, InVivo Group, Lallemand Inc., Elanco Animal Health Incorporated, Addcon Group, Aliphos Belgium S.A, The Archer-Daniels-Midland Company, Solvay Group, Ajinomoto Group, Chr. Hansen A/S, AFB International, Vitablend Asia Pacific Pte Ltd., Kalsec Inc., America-Pac, FoodSafe Technology, Biomin Holding GmbH, Penny Newman, Danisco Animal Nutrition, Provimi Holding B.V., Pancosma S.A., Biovet JSC, BioResource International Inc., Novus International Inc., Vetco (India) Limited, Vetoquinol S.A., Zagro Corporation, Zinpro Corporation, Trouw Nutrition International B.V., Biostadt India Limited
Which Regions Will Dominate the Nutritional Feed Additives Market Through 2029?
North America was the largest region in the nutritional feed additives market in 2024. Asia-Pacific was the second-largest region in the nutritional feed additives market report. The regions covered in the nutritional feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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