The nutritional feed additives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nutritional Feed Additives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The nutritional feed additives market size has grown strongly in recent years. It will grow from $4.18 billion in 2023 to $4.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to livestock health and productivity, disease prevention, nutritional supplementation, increased meat and dairy production.
The nutritional feed additives market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to sustainable animal agriculture, antibiotic alternatives, precision livestock farming, product innovation. Major trends in the forecast period include functional feed additives, amino acids and protein supplements, omega-3 fatty acids, sustainable and ethical farming.
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Scope Of Nutritional Feed Additives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nutritional Feed Additives Market Overview
Market Drivers –
The rise in consumption of meat products is one of the driving factors for the nutritional feed additives market. Due to high meat consumption, the concern for high-quality meat is also increasing. Thus, to deliver high-quality meat, add-on nutrition feed additives are fed to the animals so that they have good digestion to build on more muscle and weight. This increases the yield and productivity and, hence, the demand for nutritional feed additives. Currently, meat and poultry consumption in the US is more than 100 billion pounds every year.
The nutritional feed additives market covered in this report is segmented –
1) By Form: Dry, Liquid, Other Forms
2) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals
3) By Livestock: Ruminants, Poultry, Swine, Aquatic
4) By Distribution Channel: Direct, Indirect, Hypermarket/Supermarket, Specialty Stores, Online Retail
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Regional Insights –
North America was the largest region in the nutritional feed additives market in 2023. Asia-Pacific was the second-largest region in the nutritional feed additives market report. The regions covered in the nutritional feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the nutritional feed additives market include BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V, Kemin Industries Inc., Adisseo Company, Alltech Biotechnology Pvt. Ltd., Phibro Animal Health Corporation, DuPont de Nemours Inc., Koninklijke DSM N.V, Novozymes A/S, InVivo Group, Lallemand Inc., Elanco Animal Health Incorporated, Addcon Group, Aliphos Belgium S.A, The Archer-Daniels-Midland Company, Solvay Group, Ajinomoto Group, Chr. Hansen A/S, AFB International, Vitablend Asia Pacific Pte Ltd., Kalsec Inc., America-Pac, FoodSafe Technology, Biomin Holding GmbH, Penny Newman, Danisco Animal Nutrition, Provimi Holding B.V., Pancosma S.A., Biovet JSC, BioResource International Inc., Novus International Inc., Vetco (India) Limited, Vetoquinol S.A., Zagro Corporation, Zinpro Corporation, Trouw Nutrition International B.V., Biostadt India Limited
Table of Contents
1. Executive Summary
2. Nutritional Feed Additives Market Report Structure
3. Nutritional Feed Additives Market Trends And Strategies
4. Nutritional Feed Additives Market – Macro Economic Scenario
5. Global Nutritional Feed Additives Market Size and Growth
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31. Global Nutritional Feed Additives Market Competitive Benchmarking
32. Global Nutritional Feed Additives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nutritional Feed Additives Market
34. Nutritional Feed Additives Market Future Outlook and Potential Analysis
35. Appendix
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