Feed Additives Market Demand, Report 2023-2028
Global Feed Additives Market Overview:
The latest report by IMARC Group, titled “Feed Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights on the global feed additives market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global feed additives market size reached US$ 37.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Feed additives are products that are widely used in animal nutrition for improving the performance and health of animals. It is mainly used to increase feed efficiency, improve the quantity and quality of the animal products obtained, reduce the overall costs, and protect the health of animals. These are added to animal feeds in the right amounts and for the right purposes to offer several advantages to animal breeders.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
Global Feed Additives Market Trends:
The global market is primarily driven by the growing consumption of animal-based products. This, in confluence with the increasing standardization of meat products due to several disease outbreaks, is significantly contributing to the global feed additives market growth. Furthermore, the development of innovative animal husbandry practices to improve meat quality is positively influencing the market growth. Moreover, the widespread adoption of new forms of natural feed additives by the feed manufacturers, such as botanical additives, is creating a positive outlook for the market across the globe.
Global Feed Additives Market 2023-2028 Analysis and Segmentation:
Competitive Landscape With Key Players :
Also Read Blog: List of Feed Additives Companies in the World
Key Market Segmentation:
By Product Type:
- Amino Acids
- Monocalcium Phosphate
- Dicalcium Phosphate
- Mono-Dicalcium Phosphate
- Defulorinated Phosphate
- Tricalcium Phosphate
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Malic Acid
- Acetic Acid
- Mycotoxin Detoxifiers
- Flavors and Sweeteners
- Non-Protein Nitrogen
- Mold Inhibitors
- Anticaking Agents
- Essential Oils
- Herbs and Spices
- Streptococcus Thermophilus
- Dairy Cattle
- Beef Cattle
- Aquatic Animal
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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