Animal Feed Additives Market size was valued at US$ 17.26 Bn. in 2021 and the total revenue is expected to grow at 5.5% CAGR through 2022 to 2029, reaching nearly US$ 26.49 Bn.
Market Overview
The recently published Animal Feed Additives market report by MMR Maximise Market Research provides in-depth analysis of the Animal Feed Additives market and indicates the lucrative growth for the Animal Feed Additives market suppliers in the forecasted period by 2029. MMR has served around 600 clients across the globe since 2017. The impact of the market is normal after the Covid lockdown has been analysed in the report and the market is showing the upward trend even in the midst of an economic slowdown.
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Market Scope
The Animal Feed Additives market report provides key points that indicates the lucrative growth in the Animal Feed Additives market. Due to significant efforts of the industry participants, the market is forecasted to grow by 2029. The report provides the cost structures and development goals and objectives of the key players. The reports comprises of the data of market size, current and future trends, market share, opportunities, threats and risks and the new entrants of the market. The MMR’s report on the Animal Feed Additives market can help new entrants of the market for understanding the new trends and opportunities as well as challenges of the industry. While researching the Animal Feed Additives market various methodologies were undertaken by the research analysts and industry experts to know the strengths, weakness, opportunities and threats. The report provides the users the comprehensive information of analytical data scientifically displayed in the form of graphs, table, and pie charts as well as product statistics.
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Segmentation:
Based on livestock, based on equipment the Animal Feed Additives market is segmented into Swine, Ruminants, Poultry, Aquatic Animals and Others. The poultry segment is expected to be the largest and fastest-growing section in the feed additives market, based on livestock. Increased demand for poultry feed additives has resulted from growing concerns about animal health and consumer demands for a specific hue of yolk and meat. As a result of the rise in diseases such as avian flu, stricter laws and standards have been implemented, driving greater demand for specialized chemicals. Furthermore, worldwide chicken meat production is predicted to grow at a rapid pace, resulting in increased demand for poultry feed over the forecast period.
Based on form, Animal Feed Additives market is segmented into Dry, Liquid and Others. The dry segment is more popular among animal producers since it is easier to mix with feed, store, and handle. Its availability in pellet and mash forms gives consumers more alternatives when it comes to mixing procedures, which should help this category flourish.
Key Players:
• BASF SE
• Alltech Inc
• Cargill, Inc.
• Novozymes A/S
• Evonik Industries AG
• Charoen Pokphand Foods Public Company Limited
• Nutreco N.V.
• Addcon Group
• Archer Daniels Midland Company
• Adisseo France SAS
• Kemin Industries
• Chr. Hansen Holding A/S
• Biomin
• Aliphos Belgium S.A
• Koninklijke DSM N.V
• Phibro Animal Health Corporation
• Biotech JSC
• Danisco Animal Nutrition, Biomin,
• Ajinomoto Co., Inc.
• Adisseo France SAS.
• Kemin Industries, Inc.Regional Analysis
The research delves into the Animal Feed Additives market in depth, segmenting it into regions. The report evaluates market with different regions on a local as well as country by country basis this gives out the clear identification of the market trends, restrictions and new development opportunities. Understanding the local and regional consumer behaviour can help the new entrants to target the real Animal Feed Additives market audience.
Key Questions answered in the Animal Feed Additives Market Report are:
Key offerings:
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Mar 10, 2023