Feed additives Market Research Report 2023 - InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Feed Additives Market- (By Type (Phosphates, Amino Acids, Vitamins, Acidifiers, Carotenoids, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, Antioxidants), By Form (Dry, Liquid), By Source (Synthetic, Natural), By Livestock (Poultry, Ruminants, Swine, Aquatic animals, Other livestock)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Feed Additives Market is valued at US$ 40.65 Bn in 2022, and it is expected to reach US$ 69.31 Bn by 2031, with a CAGR of 6.23% during a forecast period of 2023-2031.

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Feed additives are different chemicals, compounds, or organisms that improve an animal's ability to take in, digest, and use food for optimal development and health. These additions boost immune function, stress tolerance, and fertility. Increased focus on maximizing feed efficiency in the agricultural and livestock industries has been a major factor in the growth of the feed additives market. As a result of its far-reaching effects on both farmers and the natural world, feed efficiency has become a major issue in animal husbandry.

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However, food and drink e-commerce has stimulated the packaging industry, driving up demand for anti-fog additives. New and established producers of anti-fog additives are capitalizing on many opportunities brought about by the proliferation of food courts, internet shopping sites, food marts, and supermarkets. Farmers are increasingly spending money on high-quality feed additives to improve animal nutrition, lessen the likelihood of disease, and increase productivity.?

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List of Prominent Players in the feed additives market:

• 嘉吉 (US)
• ADM (US)
• INTERNATIONAL FLAVORS & FRAGRANCES I.F.F. (US)
• Evonik Industries AG Procurement Building (Germany)
• 巴斯夫 (Germany)
• 帝斯曼公司 (Netherlands)
• Ajinomoto Co., Inc. (Japan)
• 诺维信 (Denmark)
• Chr. Hansen (Denmark)
• TEGASA (Spain)
• Nutreco (Netherlands)
• Kemin Industries (US)
• Adisseo (France)
• BRF (Brazil)
• 索尔维 (Belgium)
• Global Nutrition International (France)
• Centafarm (Italy)
• Bentoli, Inc (US)
• NUQO feed additives (France)
• Novus International, Inc. (US)
• Palital Feed Additives ditives B.V. (Netherlands)
• Vitaforms (US)
• Alltech (US)
• Neospark Drugs and Chemicals Private Limited (India)
• Tex Biosciences (P) Ltd (India)

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Market Dynamics:

Drivers-?

The growing demand for the feed additives market is fueled by natural growth boosters such as probiotics, prebiotics, and botanical extracts, which have gained favour as an alternative to harmful synthetic compounds and traditional antibiotics. Improved athletic performance and reduced risk of antibiotic resistance and chemical contamination in food are just two of the many benefits of using natural supplements like these in competitive animal agriculture.

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Challenges:

The prime challenge is strict regulations, a shortage of competent individuals and a lack of norms and protocol because Global feed additives market dynamics are complicated by the need to comply with rules in a wide range of jurisdictions. The industry is working to find a middle ground between animal well-being, food safety, and long-term market viability as it faces these ongoing problems and worries about the long-term effects of antibiotic resistance on human health. These restrictions on using antibiotics in animal feed have resulted in a paradigm shift in the industry toward more sustainable and responsible alternatives. The COVID-19 epidemic has had a profound effect on the meat industry. Customers' growing concern for their health has led to a drop in demand for meat. Consumers are shifting their focus to plant-based proteins as a result, slowing the industry's growth. Because of the interruption in the supply chain, the price of meat, especially beef and pork, has risen dramatically. As a result, the market for meat has become more volatile, and people are eating less meat.?

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Regional Trends:

The Asia Pacific feed additives market is anticipated to record a maximum market share in revenue. It is projected to grow at a high CAGR in the near future due to rising populations, higher disposable incomes, and an increased preference for high-quality meat products. The demand for these goods has been on the rise. Besides, Europe had a considerable share in the market because of increasing efficiency in hog production, decreased costs for finished products, and a rise in pricing overall. Demand for pig and pork industry animal feed is expected to increase as the pig population expands across the country.

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Recent Developments:

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• In April 2023, BASF and Schothorst Feed Research joined forces to reduce animal agriculture's negative effects on the environment. Incorporating BASF's Opteinics digital sustainability platform into SFR's global advisory services for animal nutrition was made possible thanks to this collaboration.

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• In June 2022, Cargill finalized a legally binding agreement to procure Delacon, the leading organization on phytogenic additives derived from plants. The acquisition provided a global presence, extensive knowledge of feed additives, and the ability to produce more nourishing foods.

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Segmentation of feed additives market-

By Type -

·?????? Phosphates

·?????? Amino Acids

·?????? Vitamins

·?????? Acidifiers

·?????? Carotenoids

·?????? Enzymes

·?????? Flavors & Sweeteners

·?????? Mycotoxin Detoxifiers

·?????? Minerals

·?????? Antioxidants

·?????? Nonprotein Nitrogen

·?????? Phytogenics

·?????? Preservatives

·?????? Probiotics

By Form-

·?????? Dry

·?????? Liquid

By Source-

·?????? Synthetic

·?????? Natural

By Livestock

·?????? Poultry

·?????? Ruminants

·?????? Swine

·?????? Aquatic animals

·?????? Other livestock

By Region-

North America-

·?????? The US

·?????? Canada

·?????? Mexico

Europe-

·?????? Germany

·?????? The UK

·?????? France

·?????? Italy

·?????? Spain

·?????? Rest of Europe

Asia-Pacific-

·?????? China

·?????? Japan

·?????? India

·?????? South Korea

·?????? Southeast Asia

·?????? Rest of Asia Pacific

Latin America-

·?????? Brazil

·?????? Argentina

·?????? Rest of Latin America

?Middle East & Africa-

·?????? GCC Countries

·?????? South Africa

·?????? Rest of the Middle East and Africa

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