Global Feed Additives Market Segments 2024, Forecast To 2033
5 Mar, 2024
The feed additives market size has grown significantly, from $18.65 billion in 2023 to $20.05 billion in 2024 at a CAGR of 7.5%. This growth is driven by livestock production, disease prevention, and rising meat consumption. Projected to reach $26.41 billion in 2028, growth factors include animal welfare focus, sustainable farming, and technological advancements.
Global Feed Additives Market Key Driver
The feed additives market expands with the growing demand for meat and dairy products. Canadian per capita meat consumption increased to Can$601.1 in 2021, reflecting a rising trend. Feed additives, crucial for enhancing nutritional content and animal health, become integral to the production of quality meat and dairy products, driving market growth.
Get A Free Sample Of The Global Feed Additives Market ReportGlobal Feed Additives Market Segments
The feed additives market covered in this report is segmented –
1) By Product Type: Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors And Sweeteners, Antibiotics, Other Products
2) By Livestock: Poultry, Ruminants, Swine, Aquatic Animals, Other livestocks
3) By On Source Type: Synthetic, Natural
4) By Form: Liquid, Dry
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the feed additives market in 2023. The regions covered in the feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Feed Additives Industry Players
Cargill Incorporated; Archer-Daniels-Midland Company; DuPont de Nemours Inc.; Evonik Industries AG; BASF SE; Koninklijke DSM N.V.; Novozymes A/S; Chr. Hansen A/S; Nutreco N.V.; Kemin Industries Inc.; Alltech Inc.; Ajinomoto Co.Inc.; Adisseo Co. Ltd.; Tegasa; Palital Feed Additives B.V.; Solvay S.A.; Anpario plc; Biomin Holding GmbH; BioResource International Inc.; Biovet JSC; Calysta Inc.; Danisco Animal Nutrition; Devenish Nutrition; DSM Nutritional Products AG; Elanco Animal Health Inc.; Enzyme Innovation; Feedworks USA Ltd.; Global Animal Products Inc.; Kalsec Inc.; Lesaffre Group; Novus International Inc.; Phibro Animal Health Corporation; QualiTech Inc.; Wacker Chemie AG
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AIOps Feed Additives Market Overview
Feed additives refer to animal nutrition products that are used to improve the quality of animal food, in addition to animals' performance and health. Feed additives contain numerous chemicals, substances, or organisms that increase nutritional ingestion, absorption, and assimilation.
Feed Additives Global Market Report 2023 provides data on the global feed additives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The feed additives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.