Global Berry Extracts For Feed Market Size 2024, Forecast To 2033
6 Mar, 2024
The berry extracts for feed market size has grown strongly in recent years. It will grow from $6.06 billion in 2023 to $6.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing feed quality and nutritional value, industry focus on animal health and productivity, exploration of natural feed ingredients, shift towards sustainable farming practices, market emphasis on functional feed additives. The berry extracts for feed market size is expected to see strong growth in the next few years. It will grow to $8.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to expansion in livestock and poultry industries, research advancements in animal nutrition, consumer preference for natural and functional feed additives, regulatory support for nutritional supplements, focus on animal welfare and performance optimization. Major trends in the forecast period include market shift towards natural feed additives, health and nutritional benefits, antioxidant-rich supplements, natural alternatives to synthetic additives, performance enhancement in livestock.
Global Berry Extracts For Feed Market Key Driver
The increasing preference for animal-based protein is poised to drive the expansion of the berry extracts for feed market in the foreseeable future. Animal protein, sourced from meat, poultry, fish, eggs, and dairy products, is renowned for its high-quality protein content, encompassing all essential amino acids. Berry extract feed, such as blueberries, contains activated protein kinase (APK), an enzyme facilitating protein processing in both animal and human bodies. Data from the Organization for Economic Co-operation and Development (OECD) and Food and Agriculture Organization (FAO) highlight the anticipated rise in global fish consumption, projected to reach 21.4 kg per capita by 2031 from 20.5 kg per capita in 2021. Furthermore, insights from the British Nutrition Foundation underscore the UK's average daily protein intake, with adults aged 19–64 consuming 76.0 g/day and those aged 65 and above consuming 67.0 g/day in June 2021. Notably, animal protein sources, including meat and meat products accounting for 34%, and poultry such as chicken and turkey contributing 16%, play significant roles in overall protein consumption. Thus, the increasing preference for animal-based protein is a driving force behind the growth of the berry extracts for feed market, which is expected to witness substantial expansion by 2028.
Get A Free Sample Of The Global Berry Extracts For Feed Market ReportGlobal Berry Extracts For Feed Market Segments
The berry extracts for feed market covered in this report is segmented –
1) By Form: Liquid, Powder, Pills
2) By Source: Natural, Synthetic
3) By Application: Pharmaceutical, Food And Beverage, Nutraceutical
By Geography:The regions covered in the berry extracts for feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the berry extracts for feed market in 2023. The regions covered in the berry extracts for feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Berry Extracts For Feed Industry Players
Nutrition N.V., Kemin Industries Inc., Biomin Holding GmbH, Impextraco NV, Merck Animal Health, Novus International Inc., Alltech Inc., Archer-Daniels-Midland Company, Nutra Green Biotechnology Co. Ltd., FutureCeuticals Inc., Bio-Botanica Inc., Berrico Food Company B.V., Mazza Innovation Ltd., Carrubba Inc., Shaanxi Guanjie Bio-Technology Co. Ltd., Perstorp Holding AB, E. I. du Pont de Nemours and Company, BASF SE, Cargill Incorporated, Kalsec Inc., Martin Bauer GmbH & Co. KG, Naturex S.A., Nexira SAS, Kerry Group plc, Fytexia SAS, PT Phytochemindo Reksa, Sabinsa Corporation, Frutarom Industries Ltd., Batory Foods Inc., Indena S.p.A.
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Berry Extracts For Feed Market Overview
Berry extract for feed is a feed additive made from berries that is used to improve the nutritional content of animal feed. It is used in animal feed to increase cattle health and production.
Berry Extracts For Feed Global Market Report 2023 provides data on the global berry extracts for feed market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The berry extracts for feed market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.