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According to our LPI (LP Information) latest study, the global Feed Additives market size was valued at US$ 79680 million in 2023. With growing demand in downstream market, the Feed Additives is forecast to a readjusted size of US$ 83940 million by 2030 with a CAGR of 0.7% during review period.
The research report highlights the growth potential of the global Feed Additives market. Feed Additives are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Feed Additives. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Feed Additives market.
Animal feed additives are enzyme supplements, phosphate, calcium and trace mineral mixtures that can be given to grazing animals during the dry or rainy season. These animal feed supplements can be mixed with fodder and have an extra shelf life.
Animal nutrition focuses on the dietary needs of animals, primarily those in agriculture and food production, but also in zoos, aquariums, and wildlife management. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals' performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given following a scientific evaluation demonstrating that the additive has no harmful effects, on human and animal health and on the environment.
Evonik is the leading company in the global feed additives market, but only has a market share of less than 4%. China is the global leading producer of feed additives, accounting for more than 30% of the market. In terms of type, the sales share of minerals is more than 50%. In the application field, the revenue share of poultry feed accounts for more than 40%.
Key Features:
The report on Feed Additives market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Feed Additives market. It may include historical data, market Segmentation by Type (e.g., Minerals, Amino Acids), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Feed Additives market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Feed Additives market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Feed Additives industry. This include advancements in Feed Additives technology, Feed Additives new entrants, Feed Additives new investment, and other innovations that are shaping the future of Feed Additives.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Feed Additives market. It includes factors influencing customer ' purchasing decisions, preferences for Feed Additives product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Feed Additives market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Feed Additives market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Feed Additives market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Feed Additives industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Feed Additives market.
Market Segmentation:
Feed Additives market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Minerals
- Amino Acids
- Vitamins
- Enzymes
- Others
Segmentation by application
- Poultry Feeds
- Ruminant Feeds
- Pig Feeds
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Evonik
- Adisseo
- CJ Group
- Novus International
- DSM
- Meihua Group
- Kemin Industries
- Zoetis
- BASF
- Sumitomo Chemical
- ADM
- Alltech
- Biomin
- Lonza
- Lesaffre
- Nutreco
- IFF
- Novozymes
Key Questions Addressed in this Report
What is the 10-year outlook for the global Feed Additives market?
What factors are driving Feed Additives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Feed Additives market opportunities vary by end market size?
How does Feed Additives break out type, application?