The report “Animal Feed Additives Market” by livestock (Swine, Ruminants, Poultry, Aquatic Animals, and Others), by product type (Amino Acids, Antioxidants, Feed Enzymes, Feed Acidifiers, Vitamins, Minerals, Binders, Antibiotics, Others), by form (Dry, Liquid, and Others), by function (Single Function and Multifunction), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Animal Feed Additives Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7.86 % during a forecast period.
The growth in consumption of meat products among consumers across the globe is driving the global animal feed additives market growth in a positive way. Increasing concerns regarding the quality of meat & meat-related products among consumers across the globe, which is expected to fuel the market growth during the forecast period. market is driven by the rise in the industrialization of meat products around the globe. However, the high cost of the product is estimated to hamper the market growth during the forecast period.
The amino acids segment is leading the Animal Feed Additives Market.
The amino acids segment is expected to hold the largest share in the market during the forecast period. However, feed enzymes segment is also estimated to surge the market growth in the near future owing to it is beneficial for the livestock. The increasing demand for animal feed additives to cell repair and growth, which is also expected to drive the market growth in a positive way.
The aquatic animal segment is leading the Animal Feed Additives Market.
The aquatic animal segment is anticipated to hold the largest share in the market during the forecast period as the growth in the breeding of aquatic animals across the globe. In addition, growing consumption of aquatic animal products is propelling the global animal feed additives market growth in a positive way.
The Asia Pacific is the leading regional market for Animal Feed Additives Market.
The Asia Pacific is estimated to hold the largest share in the market during the forecast period due to growing consumption of animal products and influence of western lifestyle among the population in this region. The rapid urbanization is also expected to surge the market growth during the forecast period. India and China are projected to propel the market growth in the forecast period as rise in population coupled with the disposable income of middle-class consumers. North America is estimated to generate the highest CAGR in the market during the forecast period due to high living standards in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are BASF SE, Alltech Inc, Cargill, Inc., Novozymes A/S, Evonik Industries AG, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Addcon Group, Archer Daniels Midland Company, Adisseo France SAS, Kemin Industries, Chr. Hansen Holding A/S, Biomin, Aliphos Belgium S.A, Koninklijke DSM N.V, Phibro Animal Health Corporation, Biotech JSC, Danisco Animal Nutrition, Biomin, Ajinomoto Co., Inc., and Adisseo France SAS.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on”Animal Feed Additives Market”.
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