Market Scenario

Feed Additives Market is expected to garner a revenue of USD 39,432.9 million by 2023, with a CAGR of 5.96% during the forecast period from 2017 to 2023. Augmenting preference towards healthy diet is considered to favor that market growth. Feed additives are considered as food supplements which are provided by the farmers to their animals in order to gain better yield and growth. Such food supplements comprise minerals, vitamins, nutrients, ions, proteins, and other valuable nutrients compared to natural feed.

Global Feed Additives Market have gained prominence across the globe as they help to improve the quality and the quantity produced by the animals. With changing lifestyle, increasing preferences of the consumers towards natural products and healthy diet, and augmenting meat consumption are driving the feed additives market throughout the assessment period. The rapid increase in the global population and their rising health concerns coupled with the growing awareness regarding the benefits of feed additives are likely to foster the market growth globally.

Competitive Dashboard

The prominent players operating the global feed additives market are Alltech Inc. (U.S.), Evonik Industries (Germany), Cargill Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), BASF SE (Germany), Danisco A/S (Denmark), and Adisseo France SAS (France).

Global Feed Additives Market: Segmental Analysis

The global feed additives market has been segmented based on type, form, and livestock.

By mode of type, the global feed additives market has been segmented into vitamins, amino acids, enzymes, carotenoids, acidifiers, prebiotics, lipids, minerals, and others. Among these, the amino acids type is estimated to dominate the global market and is predicted to hold a major share.

By mode of livestock, the global feed additives market has been segmented into swine, poultry, ruminants, and others. Among these, the poultry segment is predicted to dominate the market owing to the increasing demand for poultry especially in regions such as Latin America and the Middle East.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/feed-additives-market-5101

Regional Insights

Geographically, the feed additives market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the Asia Pacific region is predicted to dominate the global feed additives market, while grabbing a major market share of 35.80%. China is considered to be a major contributor in this region, closely followed by India owing to the rapid urbanization and strong economic outlook. With the presence of a large livestock population, the market in this region is predicted to foster. Also, the increasing number of feed mills are influencing the market growth to a large extent. Additionally, lenient regulations also contribute towards the augmenting demand and thereby encourages the foreign players to invest. This makes the industry more competitive.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.