Global Feed Additives Market by Product Types, Livestock Types, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global feed additives market is estimated to expand at a CAGR of around 4% during the forecast period, from 2020 to 2026. The growth of the market is attributed to the increase in the production of feed across the globe.
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Feed additives are basically the extra components added in the feed to improve the health, increase the quality of forage, provide nourishment, or for the improvement of performance and wellbeing of animals.
Market Trends, Drivers, Restraints, and Opportunities:
- Rise in the number of innovations in technology is estimated to boost the growth of the market.
- Embracement of sophisticated animal husbandry methods is predicted to facilitate the market growth.
- Growth in the demand and usage of cattle based goods is anticipated to push the growth of the market.
- Increased focus on livestock development and healthcare is expected to stimulate the market growth.
- Focus on standardization of products made of livestock meat is predicted to drive the growth of the market.
- Limitation in the use of antibiotics in many countries is estimated to hamper the growth of the market.
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Competitive Landscape:
Major companies in the global feed additives market include Alltech (US), Cargill (US), Adisseo (France), DowDuPont (US), Kemin (US), ADM (US), Nutreco (Netherlands), Evonik (Germany), InVivo (France), BASF (Germany), Chr. Hansen (Denmark), DSM (Netherlands), Novozymes (Denmark), Solvay (Belgium), and Ajinomoto (Japan). The organizations are continuously engaging in a wide range of activities such as mergers & acquisitions, investments in R&D, and expansion activities in order to increase their presence in the market.
The global feed additives market has been segmented on the basis of
Product Types
- Antibiotics
Vitamins
- Vitamin A
- Vitamin E
- Vitamin B
- Vitamin C
- Others
Antioxidants
- Amino Acids
- Tryptophan
- Lysine
- Methionine
- Threonine
- Others
Feed Enzymes
- Phytase
- Non-starch Polysaccharides & Others
Feed Acidifiers
- Others
Livestock Types
- Pork/Swine
- Poultry
- Cattle
- Aquaculture
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Feed Additives Market Overview
- Global Feed Additives Market Analysis and Forecast by Type
- Global Feed Additives Market Analysis and Forecast by Application
- Global Feed Additives Market Analysis and Forecast by Sales Channel
- Global Feed Additives Market Analysis and Forecast by Region
- North Feed Additives Market Analysis and Forecast
- Latin Feed Additives Market Analysis and Forecast
- Europe Feed Additives Market Analysis and Forecast
- Asia Pacific Feed Additives Market Analysis and Forecast
- Middle East & Africa Feed Additives Market Analysis and Forecast
- Competition Landscape
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