Agriculture / Feeds Additives Market- Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Kemin Industries, Biomin, BASF, Corbion, Perstorp, Pancosma, NOVS
Feeds Additives Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Kemin Industries, Biomin, BASF, Corbion, Perstorp, Pancosma, NOVS
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Feeds Additives Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.3% during the review period (2022 to 2027).
Feeds Additives Market Overview
Vitamins, amino acids, enzymes, vitamins, flavours, and sweeteners are examples of feed additives that are added to animal feed to improve overall growth and development. These additives aid in raising feed operation efficiency while also improving feed quality. Factors such as changing consumer preferences for healthier foods, rising global population, and increased demand for livestock products have led livestock farmers to include feed additives in animal diets and feeds. Market growth is likely to be boosted in the future as more emphasis is placed on improving animal nutrition and increased investments in creating new technologies to meet rising meat demand. Furthermore, the need for nutritional supplements for monogastric animals due to the difficulty in synthesising vitamin B compounds is predicted to raise demand for feed additives, presenting new opportunities for market players to develop novel and more efficient consumables.
An surge in demand and consumption of livestock-based products such as dairy and dairy-based products, meat, and eggs is anticipated to drive the usage of feed additives in feed for the growth and growth of farm animals. Poultry meat is the main driver for the growth of the overall meat production, owing to its high demand, low production cost, and lower product prices, both in developed and developing countries. Additionally, owing to the increasing consciousness about the role and dynamics of food nutrients, especially protein, on overall physical and mental growth and development, there is a growing trend toward animal-sourced protein in the form of either meat, eggs, or milk. This drives the usage of feed additives in feed as it increases its nutritional quality.
Who are the Major Players in Feeds Additives Market?
The Global Feeds Additives Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Kemin Industries, Biomin, BASF, Corbion, Perstorp, Pancosma, NOVS, Impextraco, Guangdong Suanneng, Shanghai Zhengzheng Biological Technology, Weifang Addeasy Bio-technology, Bioforte Biotechnology, Shanghai Menon Animal Nutrition Technology, Qihe Huarui Animal Husbandry
Industry News and Update
20-Aug-2020:BASF announces new phytase Natuphos E to unlock vital nutrients for feed industry in Indonesia- In Indonesia, BASF has launched Natuphos® E, a next-generation phytase for the feed business. BASF has set a new standard in feed phytase technology with a revolutionary hybrid bacterial 6-phytase, having been the first business to sell a phytase for feed more than 27 years ago. Natuphos E, manufactured by BASF in Germany, offers exceptional overall stability in premix and during the hard pelleting process, up to 95°C pelleting temperature, as well as an 18-month shelf life
What are the major Applications, Types and Regions for Feeds Additives Market?
The market is segmented based on the type, applications, companies and regions.
By Types, it is segmented into
Feed Acidifier
Feed Enzyme Preparation
Feed Probiotics
Feed Anticoccidial Drugs
Amino Acid
Vitamins
Mineral Elements
Antioxidants
Others
By Application, it is segmented into
Meat Poultry
Egg Poultry
Others
Feeds Additives Market Regional Analysis
One of the major factors contributing to revenue growth is increasing animal feed demand and expanding feed industry in countries in the region. Increase in swine and pet food production capacity, growing production of animal protein, and rising demand for and consumption of animal-based food in countries with large populations in Asia Pacific are some significant drivers of the feed additive market in the region. China is the largest feed producer, followed by countries such as India, Japan, and Thailand.
North America is expected to register a robust revenue CAGR over the forecast period. Key growth driving factors include stringent norms and standards for meat quality, high rate of meat consumption, are increasing demand for feed additives for improving animal nutrition in countries in the region. Moreover, easy availability of raw materials such as maize and corn is projected to support market growth going ahead.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Feeds Additives Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Feeds Additives Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Feeds Additives Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 5.3% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Feeds Additives Market Report
Evaluate Feeds Additives Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Feeds Additives Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Feeds Additives Market is studied from 2017 - 2027.
What is the growth rate of Feeds Additives Market?
The Feeds Additives Market is growing at a CAGR of 5.3% over the next 5 years.
Who are the leading key players in Feeds Additives Market?
What are the significant Applications of Feeds Additives Market?
Meat Poultry, Egg Poultry, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
