According to a new market research report published by Global Insight Services “Feed Additives Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Feed additives are substances that are added to animal feed to improve nutrition, promote growth, and improve animal health. Common feed additives include vitamins, minerals, amino acids, and enzymes.
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Key Players
- Cargill
- ADM
- Evonik
- DuPont
- BASF
- DSM
Key Trends
There are a few key trends in feed additives technology that are worth mentioning. One is the trend toward using more natural and organic ingredients in feed additives. This is in response to consumer demand for more natural and organic products. Another trend is the use of more sophisticated processing techniques to improve the quality of feed additives. This includes the use of enzymes and other ingredients to improve digestibility and absorption.
Key Drivers
The key drivers of feed additives market are the growing demand for livestock products, the need for improved animal health, and the rising cost of feed. The demand for livestock products is driven by the growing population and the need for protein. The need for improved animal health is driven by the spread of diseases and the need to improve the quality of meat and milk products. The rising cost of feed is driven by the increasing cost of raw materials, the need for more efficient production, and the consolidation of the feed industry.
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Market Segments
By Type
- Amino acids
- Phosphates
- Vitamins
- Acidifiers
- Carotenoids
- Enzymes
- Others
By Livestock
- Poultry
- Ruminants
- Swine
- Aquatic animals
- Others
By Form
- Dry
- Liquid
By Source
- Synthetic
- Natural
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