Global Feed Additives Market: Overview
Feed additives are food supplements, which the farmers provide to their animals for their better growth and yield. These food supplements consist of vitamins, minerals ions, nutrients, proteins and other valuable nutrients in comparison to the natural feed. These food supplements help the animal grow healthy. Thus, the increasing demand for the poultry products and aquatic animals are boosting the global feed additive markets grow.
Global Feed Additives Market: Growth Factors
Animal husbandry is helping the global feed additive market on a large scale. The improved adaptive and implementation methods in the animal husbandry practices help in enhancing meat quality, which in turn drives the global feed additive market growth. The demand for aquatic fishes, aquatic animals, and the growing aquatic population has triggered the global feed additive market. The increasing demand for providing essential nutrients to the livestock’ for their growth and well-being is another reason that has a major impact on the global feed additive market. The other factors that drive the market are increasing demand for poultry products, increasing livestock population and the standardized animal feed practices. Thus, these high potentials in the various regions are influencing the global feed additive market growth.
Global Feed Additives Market: Segmentation
The global feed additives market is further segmented on the basis of livestock, formulation, function, type, and region. The livestock segment is further sub-segmented into aquatic animals, ruminants, swine, poultry, equine, birds and pets. The formulation is also bifurcated into segments such as liquid, dry, pellet and powdered form. The function is further divided into the single function and multifunction. The type segment is diversified into minerals, enzymes, vitamins, acidifiers, antioxidants, antibiotics, amino acids, binders, sweeteners, flavors, and mycotoxin binders protected amino acids. The region segment is sub-segmented into Latin America, Europe, Asia-Pacific, North America, and Rest of the World. The amino acids segment, aquatic animals segment, and the enzymes segment rule the global feed additives market.
Global Feed Additives Market: Regional Analysis
The global feed additives market shows an increase due to the high demand for it throughout the globe. The highest growth potential in the global feed additives market is shown by the regions in Asia Pacific. India, China, and Japan are the other emerging regions in Asia Pacific.
Global Feed Additives Market: Competitive Players
The major players contributing shares in the global feed additives market include Evonik Industries, DSM N.V., BASF SE, Cargill, Incorporated, Adisseo France SAS, Archer Daniels Midland Company, Altech Inc., Nutreco N.V., InVivo NSA, and CHR Hansen. These competitors adopt a number of strategies such as agreements, contract signing, acquiring small companies and producing high-quality products in order to dominate the global market.
Global Feed Additives Market: Regional Segment Analysis
What Report Provides