What is Global Animal Feed Supplements Market?
The Global Animal Feed Supplements Market is a vast and dynamic sector that plays a crucial role in the overall animal health and nutrition industry. Animal feed supplements are additives or nutrients that are added to the animal feed to enhance the nutritional value of the feed. These supplements are essential for the proper growth, development, and overall health of animals. They are used in various types of animal feed including poultry, ruminant, pig, and others. The supplements include a wide range of products such as minerals, amino acids, vitamins, enzymes, and others. Each of these supplements serves a specific purpose and contributes to the overall well-being of the animals.
Minerals, Amino Acids, Vitamins, Enzymes, Others in the Global Animal Feed Supplements Market:
Minerals, Amino Acids, Vitamins, Enzymes, and Others are the key components of the Global Animal Feed Supplements Market. Minerals are essential for various bodily functions in animals such as bone development, nerve function, muscle movement, and more. Amino acids are the building blocks of proteins and are vital for growth, development, and repair of body tissues. Vitamins are organic compounds that are needed in small quantities to sustain life. They play a crucial role in maintaining the health of the animals and preventing diseases. Enzymes are biological catalysts that speed up chemical reactions in the body. They are essential for digestion and absorption of nutrients in the body. Other supplements include probiotics, prebiotics, and more that help in maintaining the gut health of the animals.
Poultry Feeds, Ruminant Feeds, Pig Feeds, Others in the Global Animal Feed Supplements Market:
The Global Animal Feed Supplements Market finds extensive application in various areas such as Poultry Feeds, Ruminant Feeds, Pig Feeds, and Others. In poultry feeds, these supplements are used to enhance the nutritional value of the feed and ensure the health and productivity of the poultry. In ruminant feeds, they are used to improve the digestion and absorption of nutrients, thereby enhancing the overall health and productivity of the ruminants. In pig feeds, these supplements are used to enhance the growth and development of the pigs, thereby improving their meat quality. Other applications include pet feeds, aqua feeds, and more.
Global Animal Feed Supplements Market Outlook:
The Global Animal Feed Supplements Market has shown significant growth over the years. In 2022, the market was valued at US$ 60460 million. It is expected to reach a value of US$ 72140 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period of 2023-2029. This growth can be attributed to the increasing demand for high-quality animal products, rising awareness about animal health, and growing animal farming activities worldwide. The market is dominated by the top three players who hold a share of about 10%.
| Report Metric | Details |
| Report Name | Animal Feed Supplements Market |
| Accounted market size in 2022 | US$ 60460 in million |
| Forecasted market size in 2029 | US$ 72140 million |
| CAGR | 2.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Evonik, Adisseo, CJ Group, Novus International, DSM, Meihua Group, Kemin Industries, Zoetis, CP Group, BASF, Sumitomo Chemical, ADM, Alltech, Biomin, Lonza, Global Bio-Chem, Lesaffre, Nutreco, DuPont, Novozymes |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
