Global Feed Additives Market foreseen to reach 44.3 billion USD by 2025
The global Feed Additives Market values at 33 billion US dollars in 2020 and is estimated to reach a valuation of 44.3 billion US dollars by 2025, expanding at a CAGR of 6.1% during the outlook period.
In 2017, Cargill company has expanded its facility in Ohio with the production capacity of 86000 metric tons of animal nutrition products per year.
Market Drivers and Restrains:
Increase in the demand and consumption of animal-based products such as dairy & dairy based products, meat and eggs are some of the driving factors of the Global Feed Additives market. Rapid growth in the feed production, along with huge investments contributed for the innovation of advanced technologies is another major driving factor to increase the revenue of Feed Additives market. However, sustainability of feed and livestock, restriction on the use of antibiotics as a growth promoter in feed, strict regulations from the government for the approval of new product in the market are some of the major restraints effecting the expansion of the Feed Additives market.
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Report is segmented as:
The global Feed Additives market is segmented according to type, livestock, form and source. By type, the market is segmented into caretonoids, enzymes, mycotoxin detoxifiers, flavors & sweeteners, antibiotics, minerals, vitamins, acidifiers, amino acids, phosphates, antioxidants, non-protein nitrogen, phytogenics, preservatives and probiotics. By livestock, the market of Feed Additives is segmented into ruminants, swine, poultry, aquatic animals. By form, the market is segmented into two types namely dry and liquid. By source, the market of feed additives is bifurcated into natural and synthetic.
The global Feed Additives market was dominated by Asia Pacific region owing to the presence of large livestock population and growth in this area. The Asia Pacific is also expected to hold the dominance of the market during the forecast period. North America holds the second largest share of the market due to the increase in demand and consumption of animal products in the nations like the USA and Canada.
Impact of COVID-19 on Feed Additives Market
The coronavirus pandemic has affected the global Feed Additives market by forcing many companies in the Feed Additives market to halt manufacturing and production operations which in turn resulted huge losses for the companies. As per the analysis, the Feed Additives market is expected to register a surge in revenue because of the increasing usage in different regions of the world.
Key market players:
Major players of Feed Additives market include DowDuPont (US), Cargill (US), InVivo (France), Nutreco (Netherlands), Kemin (US), Adisseo (France), Chr. Hansen (Denmark), ADM (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), olvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark) and Alltech (US)
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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