What is Global Feed Additives Market?
The Global Feed Additives Market is a vast and dynamic sector that plays a crucial role in the global economy. It refers to the industry that produces additives for animal feed to enhance its quality and nutritional content. These additives are essential for maintaining the health and productivity of livestock, thereby directly impacting the quality of animal-based products like meat, milk, and eggs. The market encompasses a wide range of products, including vitamins, minerals, amino acids, enzymes, and other essential nutrients. The value of this market was estimated at US$ 81460 million in 2022, and it is projected to reach US$ 93770 million by 2029. This indicates a steady growth rate, reflecting the increasing demand for high-quality animal feed worldwide. However, the market is highly competitive, with numerous players vying for a share. Despite this, no single company dominates the market; the leading company, Evonik, holds less than 4% of the market share. The most significant segment of the market is minerals, accounting for over 50% of sales. This underscores the importance of minerals in animal nutrition and their widespread use in feed additives.
Minerals, Amino Acids, Vitamins, Enzymes, Others in the Global Feed Additives Market:
The Global Feed Additives Market is not just about the products; it's also about where and how these products are used. The market caters to various sectors, including poultry feeds, ruminant feeds, pig feeds, among others. Each of these sectors has unique needs and requirements, and the feed additives market strives to meet these demands. Poultry feeds, for instance, require a specific blend of nutrients to ensure the health and productivity of the birds. Similarly, ruminant feeds need additives that aid in the digestion process of these animals. Pig feeds, on the other hand, require a different set of nutrients, considering their unique dietary needs. The feed additives market is thus a complex and diverse industry, catering to a wide range of sectors and contributing significantly to global food production.
Poultry Feeds, Ruminant Feeds, Pig Feeds, Others in the Global Feed Additives Market:
#GlobalFeedAdditives #AnimalNutrition #FeedIndustry #LivestockHealth #PoultryFeeds #RuminantFeeds #PigFeeds #MarketResearch #Evonik #MineralAdditives
Global Feed Additives Market Outlook:
#グローバルフィード添加物 #動物栄養 #フィード業界 #家畜の健康 #鶏肉フィード #反芻動物フィード #豚フィード #市場調査 #エボニク #ミネラル添加物
| Report Metric | Details |
| Report Name | Feed Additives Market |
| Accounted market size in 2023 | US$ 89820 million |
| Forecasted market size in 2029 | US$ 93770 million |
| CAGR | 0.7 |
| Base Year | 2023 |
| 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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| Sales by Region |
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| By Company | Evonik, Adisseo, CJ Group, Novus International, DSM, Meihua Group, Kemin Industries, Zoetis, BASF, Sumitomo Chemical, ADM, Alltech, Biomin, Lonza, Lesaffre, Nutreco, IFF, Novozymes |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
