The Nutritional Feed Additives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Nutritional Feed Additives Global Market Report 2024, 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.
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.
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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
The nutritional feed additives market report table of contents includes:
1. Executive Summary
2. Nutritional Feed Additives Market Characteristics
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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26. South America Nutritional Feed Additives Market
27. Brazil Nutritional Feed Additives Market
28. Middle East Nutritional Feed Additives Market
29. Africa Nutritional Feed Additives Market
30. Nutritional Feed Additives Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Cargill Incorporated
- Archer Daniels Midland Company
- Evonik Industries AG
- Nutreco N.V
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