Animal Feed Additives Market to surpass USD 33.75 Bn by 2028| Says IMR

Market Overview:

Global Animal Feed Additives Market was valued at USD 22.15 Billion in 2021 and is expected to reach USD 33.75 Billion by the year 2028, at a CAGR of 6.2%.

 The Animal Feed Additives Market is a crucial segment within the broader animal nutrition industry, specializing in the production and distribution of additives designed to enhance the nutritional content, digestibility, and overall health of animal feed. Animal feed additives play a vital role in improving the efficiency of livestock production by addressing nutritional deficiencies, supporting growth, and enhancing the well-being of animals. This market caters to the diverse needs of livestock farming, including poultry, swine, cattle, and aquaculture.

Animal feed additives encompass a variety of substances, including vitamins, minerals, amino acids, enzymes, and specialty additives like probiotics, prebiotics, and antioxidants. The market is driven by factors such as the increasing global demand for meat and animal products, a growing focus on animal health and welfare, and the need for efficient and sustainable livestock farming practices.

Players Covered In Animal Feed Additives Market Are:

BASF SE,Tyson Foods Inc.,Lallemand Inc.,Kemin Industries,E. I. du Pont de Nemours and Company,Ajinomoto Co. Inc.,Koninklijke DSM N.V.,Akzo Nobel N.V.,Alltech Inc.,Biomin GmbH,Cargill Inc.,Chr. Hansen Holding A/S,CP Group,Evonik Industries AG,Norel S.A.,Novozymes A/S,Nutreco,Phibro Animal Health Corporation,Novus International Inc.,Solvay Group,Archer Daniels Midland Company,Invivo Group and others Major players.

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Market Driver:

Rising Global Demand for Meat and Animal Products:

A primary driver of the Animal Feed Additives Market is the continually rising global demand for meat and animal products. As populations grow and dietary habits evolve, there is an increased need for efficient and sustainable livestock farming to meet the demand for protein-rich foods. Animal feed additives play a crucial role in optimizing the nutritional value of animal feed, promoting faster growth, and improving the overall quality of meat and other animal products.

Market Opportunity:

Focus on Sustainable and Natural Feed Additives:

An important market opportunity lies in the growing focus on sustainable and natural feed additives. With increasing consumer awareness and demand for products from animals raised with natural and environmentally friendly practices, there is a shift towards feed additives that promote sustainability. This includes additives such as probiotics, enzymes, and plant-based ingredients that contribute to improved animal health and reduce the environmental impact of livestock production. Companies that invest in the development and promotion of sustainable feed additive solutions are likely to capture a significant share of the market.

As the global demand for meat and animal products continues to grow, the Animal Feed Additives Market is poised for sustained expansion. Companies that prioritize innovation, research and development, and effective communication about the benefits of their feed additive products are well-positioned to lead in this dynamic and evolving industry. Additionally, building strong relationships with livestock farmers, ensuring compliance with regulatory standards, and actively participating in industry initiatives for sustainable agriculture can help drive market penetration and foster the adoption of advanced feed additive solutions in modern livestock farming.

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Market Segmentation:

By Type

•          Amino Acids
•          Antibiotics
•          Feed Enzymes
•          Feed Acidifiers
•          Vitamins
•          Others

By Form

•          Dry
•          Liquid

By Source

•          Synthetic
•          Natural

By Livestock

•          Ruminant
•          Swine
•          Poultry
•          Aquaculture
•          Others

Geographic Segment Covered in the Report

·         North America (U.S., Canada, Mexico)

•          Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•          Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•          Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•          Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•          South America (Brazil, Argentina, Rest of SA)

Key Industry Developments

•          In February 2021, Kemin Industries introduced the latest product named KemTRACE Chromium-or, an organic compliant chromium propionate feed substance for swine, cattle, broiler, and horse diets.
•          In July 2020, ADM introduced NutriPass L, an encapsulated lysine supplement that is rumen-stable and intestinally accessible to cows. By proper encapsulation, NutriPass provides a consistent and stable supply of metabolizable lysine for lactating cows and growing cattle.
•          In February 2021, Alltech and DLG Group has signed an agreement for the merger to focus on providing profitability and efficiency to livestock manufactures in Scandinavia. These companies are decided to acquire the Finnish company, Kärki-Agri.

Key Offerings:

•          Past Market Size and Competitive Landscape
•          Temperature Compensated Crystal Oscillator Market Size, Share, Size & Forecast by different segment
•          Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
•          Temperature Compensated Crystal Oscillator Market Segmentation – A detailed analysis by Product
•          Competitive Landscape – Profiles of selected key players by region from a strategic perspective
•          Competitive landscape – Market Leaders, Market Followers, Regional player
•          Competitive benchmarking of key players by region
•          PESTLE Analysis
•          PORTER’s analysis
•          Value chain and supply chain analysis
•          Legal Aspects of business by region
•          Lucrative business opportunities with SWOT analysis
•          Recommendations

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