PUBLISHER: Value Market Research | PRODUCT CODE: 1288916
PUBLISHER: Value Market Research | PRODUCT CODE: 1288916
The global demand for animal feed additives market was valued at 24521.96 USD MN in 2022 and is expected to generate revenue of 34275.93 USD MN in 2030, growing at a CAGR of 4.21% between 2023 and 2030. The global animal feed additives stood at around 1758.79 Kilo Tons in 2022 and is expected to reach 2352.91 Kilo Tons in 2030, growing at a CAGR of around 3.64% between 2023 and 2030.
Animal feed additives are materials added to animal feed in small quantities to boost the overall nutritional value. They function to foster physiological processes, such as immune function, stress resistance, and reproduction, making them strong enough to fight the health condition. Animal feed additives include nutrients and medicines like feeding attractants, immune-stimulants, prebiotics, probiotics, acidifiers, essential oils, and other inclusions.
Animal feed additives consumption will spur worldwide with a surge in meat product demand, growing concerns over meat quality, and rising safety issues with the outbreak of livestock diseases. Share of meat-eaters is propelling due to high inclination towards protein-rich food, changing eating habits, and widening popularity of dishes offered. Furthermore, rising awareness among farmers about the benefits and the crucial role of feed additives to boost the overall health and performance of the animal also encourages growth. Key players are launching new products with unique formulation and standardized active ingredients to ensure a consistent response, creating new attributes for market growth. However, raw material price fluctuation and low awareness among farmers in some regions are hampering the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of animal feed additives. The growth and trends of Animal Feed Additives Industry provide a holistic approach to this study.
This section of the animal feed additives market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Animal Feed Additives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the animal feed additives market include Cargill Inc., HONG HA NUTRITION, BASF SE, Kemin Industries Inc., ANOVA Group, BIOMIN Holding GmbH, Olmix Group, ADM, Evonik Industries, Chr. Hansen Holding, Alltech Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies