Feed Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Feed Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global feed additives market is anticipated to expand at a CAGR of 5.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing livestock population in the emerging countries and rising demand for high quality feed additives and compound feed across the globe.

A feed additive is an inclusion of extra nutrient or drug that is feed to livestock. Additives include vitamins, aminoacids, fatty acids, minerals, pharmaceuticals, fungal products, and steroidal compounds. The additives positively impacts feed hygiene and digestibility of animals. Feed additives include feeding attractants, immunostimulants, prebiotics, probiotics, acidifiers, and essential oils.

Feed attractants enhance the ingestion of feeds. Feed additives are non-nutritive substances and micro-organisms that are added to feed to improve growth performance, feed intake and the efficiency of feed utilization for healthy, economic, and eco-friendly livestock production.

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Market Trends, Drivers, Restraints, and Opportunities     

Increasing demand for livestock-based products is expected to drive the market growth.

Standardization of meat products owing to disease outbreak is anticipated to boost market growth during forecasted period.

Rising global demand for naturally produced feed and feed additives can positively impact the growth of the market.

Growing number of feed mills and feed production facilities is excepted to propel the feed additives market growth.

Rising cost of raw material can hinder the market growth.

Market Segment Insights Amino acid segment to account a major market share Based on additives types, the market is divided into antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders acidifiers, and minerals. The antibiotics segment is segmented into tetracyclines, penicillins, and others. The vitamins segment is further segregated into A, B, C, E, and others. The antioxidants segment is divided into BHA, BHT, ethoxyquin, and others. The amino acids segment is subsegmented into tryptophan, lysine, methionine, threonine, and others.

The enzymes segment is classified as carbohydrases, phytases, and others. The mycotoxin detoxifiers segment is further categorized as binders and bio-transformers. The prebiotics segment is segmented into inulin, fructo oligosaccharides, galacto oligosaccharides, and others. The probiotics segment is further divided into lactobacilli, bifidobacteria, and others. The pigments segment is segmented into carotenoids, curcumin, and spurulina, and others. The binders acidifiers segment is further segregated into natural and synthetic. The minerals segment is classified as micro minerals and macro minerals.

Among all the segments, the amino acids segment is anticipated to account for a major market share during the forecast period. Growing consumer awareness regarding the benefits associated with the use of feed additives to reduce the prevalence of diseases is driving the segment growth. Amino acids are protein building blocks for livestock health. Amino acids enhances the gut health, food intake, reproduction, and metabolic process, among others. Lysine is primarily used in the pork industry, while methionine is used in the poultry industry.

Poultry segment to dominant market Based on animal types, the global feed additives market is divided into ruminants, poultry, swine, and others. The poultry segment is anticipated to dominate the market share owing to the heavy demand for poultry meat in emerging economies. Growing demand for processed meat and protein diet is due to rising household income levels, which is anticipated to further drive the demand for animal feed.

Asia Pacific to hold a significant market share In terms of regions, the global feed additives market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold a significant market share in the global feed additives market. The market in Asia Pacific is driven by the presence of a large livestock population. Increasing number of feed mills and feed production, particularly in countries such as India, China, and Japan.

Inquiry- https://growthmarketreports.com/enquiry-before-buying/1022 Competitive Landscape Key players operating in the global feed additives market includes DSM Nutritional Products AG, Evonik Industries, Novus International, Bluestar Adisseo Co. Ltd, Nutreco NV, BASF SE, Sumitomo Chemical, and Cargill Inc. Expansions, agreements, partnerships, joint ventures, and new product launches are expected to create lucrative opportunities for industry players during forecast period.

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