The global Feed Additives Market size is expected to reach USD 60.5 Billion by 2028 and register a CAGR of 6.5%, according to the latest report by Reports and Data. Increasing demand for animal-based products is a key driver supporting market revenue growth. Feed additives are products that are used in livestock nutrition to enhance feed quality and improve total development and growth of animals.
The global Feed Additives market research report provides a brief overview inclusive of competitive landscape and key developments in the market. It provides an extensive study analysis of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, corporate deals and partnerships, among others. It also offers insights into company overview, financial standing, business expansion plans, and revenue growth of each company.
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The major vendors in the global market include Cargill (US), DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (The Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark), InVivo (France), Nutreco (The Netherlands), Kemin (US), Adisseo (France), and Alltech (US).
Some key highlights from the report:
- Based on type, the amino acid segment revenue is expected to account for a high CAGR during the forecast period owing to extensive use of amino acids in cattle and pig feed.
- In context to form, the liquid segment is projected to account for largest revenue share over the forecast period. High revenue is attributed to factors such as easy handling, cost-effectiveness, and quick mixing with feed.
- North American market revenue is expected to expand at a rapid CAGR throughout the forecast period owing to factors such as high consumption of animal-based products, strict regulations and standards for meat quality combined with availability of raw materials like corn and maize in abundance.
- Europe is expected to account for considerable revenue share during the forecast period owing to factors such as increasing demand for livestock products and ban on usage of antibiotics in animal feed.
- Adisseo announced acquisition of FRAmelco Group in September 2020. Adisseo is expected to become a leading specialty feed additives company as a result of this acquisition.
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For this study, Reports and Data has segmented the global feed additives market based on type, livestock, form source, and region:
Based On Type: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Amino Acids
- Phosphates
- Vitamins
- Acidifiers
- Carotenoids
- Enzymes
- Mycotoxin detoxifiers
- Flavors & Sweeteners
- Antibiotics
- Minerals
- Antioxidants
- Non-protein Nitrogen
- Phytogenics
- Preservatives
- Probiotics
Based On Livestock: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Ruminants
- Dairy
- Beef
- Calf
- Others
- Sheep
- Goat
- Poultry
- Broilers
- Layers
- Breeders
- Swine
- Starter
- Sow
- Grower
- Aquatic Animals
- Others
- Equine
- Pets
Based On Form (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Dry
- Liquid
Based On Source: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Synthetic
- Natural
Based On Region (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Feed Additives market.
- To provide insights about factors affecting the market growth. To analyze the Feed Additives market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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