Feed Additives Market is expected to grow at a CAGR of 6.0% from 2017 to 2025. Feed additives are employed in animal nutrition to enhance the quality & properties of animal feed to boost features such as overall gut health/digestive performance, palatability preservation, and others.
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Feed Additives Market Overview
Feed Additives Market is expected to grow at a CAGR of 6.0% from 2017 to 2025. Feed additives are employed in animal nutrition to enhance the quality and properties of animal feed to boost features such as overall gut health/digestive performance, palatability preservation, and others.
They have gained importance globally, as they improve the overall health of the animal, in turn improving the quality and quantity of meat produced from them. For example, poultry feed additives are used to improve the birds egg-laying capacity, feed utilization, and disease prevention.
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Similarly, a swine diet includes various natural and synthetic additives, such as acidifiers, high dietary levels of copper and zinc to boost the performance and profitability of this feed.
Based on type, the Feed Additives Market is divided into amino acids, feed enzymes, feed Acidifiers, vitamins, minerals, feed antioxidants, and binders, and antibiotics. Based on livestock, swine, poultry, cattle, aquaculture, other animals (horses, sheep, goats, and companion animals).
Geographic breakdown and deep analysis of each of the previously mentioned segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Feed Additives Market Dynamics:
- Increasing global meat consumption increases the demand to maintain the livestock thus positively impacting the growth of the market.
- Growing awareness of the quality of dairy and meat products consumed is boosting the demand for the growth of the market.
- Increasing raw material costs show negative impact on the overall growth of the market.
Feed Additives Market Players:
The top players in the global crop protection chemicals market include BASF SE, Cargill, Inc., Archer Daniels Midland Company, Novozymes A/S, Chr. Hansen Holding A/S, Alltech, Inc., Evonik Industries AG, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., and Adisseo France SAS.
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- Amino Acids
- Feed Enzymes
- Non-Starch Polysaccharides
- Zinc Sources
- Iron Sources
- Manganese Sources
- Copper Sources
- Feed Antioxidants
- Calcium Lignosulphate
- Guar Gum
- Other animals (horses, sheep, goats, and companion animals)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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