Feed Additives Market

Feed Additives Market worth $44.3 billion by 2023

The report "Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2023" Consumption of meat and poultry products is increasing across regions. As the preference for animal-based products continues to grow, rearers focus on improving the quality of these products. Rearers utilize feed additives to enhance meat quality and prevent contamination from bacteria such as Yersinia enterocolitica, Salmonella, Staphylococcus aureus, Campylobacter jejuni, and Clostridium perfringers. According to MarketsandMarkets, by 2023, the probiotics market is projected to account for USD 44.3 billion by 2023, recording a CAGR of 6.1%,

Browse 116 market data Tables and 58 Figures spread through 218 Pages and in-depth TOC on "Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/feed-additives-market-870.html

The Amino Acids Segment To Be a Leading Revenue Contributor To the Growth of the Feed Additives Market

Ongoing advancements in biotechnology have encouraged manufacturers to develop feed additives with enhanced nutritional value. Rearers are increasingly utilizing these feed additives to improve the digestive health of animals and prevent diseases. To sustain their leading position in the market, manufacturers focus on using amino acids due to their low production cost and greenhouse gas emission. Due to these factors, the amino acids segment is projected to dominate the feed additives market during the forecast period.

The Poultry Segment To Account for the Largest Share in the Feed Additives Market Through 2023

Rearers are mainly focusing on offering a balanced diet to the animals for their development and improved meat quality. With the increasing preference for specific meat and yolk color among consumers, rearers are increasingly utilizing a range of feed additives in poultry. Due to these factors, the poultry segment is projected to account for the largest market share, recording the fastest growth in the feed additives market during the forecast period.

Asia Pacific To Be a Dominant Region in the Feed Additives Market During the Forecast Period

The rise in feed production has led to an increase in the number of feed mills in various countries of Asia Pacific. In addition, increasing inclination of consumers toward meat and poultry products, particularly in countries such as Japan and India, has encouraged rearers to use feed additives to cater to the rising demand for protein-rich diets of consumers. As the need for protein-rich food products persist, such as meat and poultry products, the demand for feed additives is projected to remain high in this region. Due to these factors, Asia Pacific is expected to lead the feed additives market during the forecast period.

Leading players operating in this market include DowDuPont (US), Evonik (Germany), Cargill (US), BASF (Germany), and Ajinomoto (Japan). Key players in the feed additives market are adopting strategies such as expansions & investments, acquisitions, and new product developments.

A shift in the preferences of consumers toward protein-rich diets has encouraged rearers to opt for feed additives, leading to food safety. The use of feed additives also remains high among rearers as they help in preventing various diseases, including foodborne illnesses. To retain their position in the competitive market, key players are focusing on utilizing biotechnology solutions to offer effective feed additives. On the whole, the feed additives market growth is projected to remain high during the forecast period.

Don’t miss out on business opportunities in Feed Additives Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AGI 2286
PR Published ON
2/18/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Feed Additives Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home