Global Animal Feed Additives Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
Animal Feed Additives Market Growth & Trends The global animal feed additives market size is expected to reach USD 50.88 billion by 2027, registering a revenue-based CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing need to enhance the overall feed properties is one of the critical factors driving product demand. Increased consumption of meat and meat products as the primary source of protein and other nutrients is estimated to further drive the demand. Feed additives are considered to be an essential source of nutrition for animals. They are proven to be beneficial for improving feed quality, digestion, and conversion, thereby improving overall animal health. Different types of additives include amino acids, antioxidants, feed enzymes, vitamins, antibiotics, and feed acidifiers. Feed enzymes are becoming popular among manufacturers and livestock producers. They increase the nutritive value, reduces cost, and improves the conversion ratio. The dominant type of enzyme products includes Carbohydrase, non-starch polysaccharides, phytase, and protease. The market players are focused on developing cost-effective products. For example, Novozymes, a key market player, in partnership with DSM, launched its enzyme under the brand name BalanciusTM. The enzyme is mainly developed for improving gut health of broiler chickens, which facilitates sustainable production. Download Exclusive Sample Report (128 Pages PDF with All Related Graphs & Charts) For Free @ https://www.grandviewresearch.com/industry-analysis/animal-feed-additivesmarket