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Animal Feed Additive Market Value is $24,096M in 2017 and is Growing $27,268M During 2018-2023 with a CAGR of 4.2%.
The global Animal Feed additive Market is accounted to $24,096m in 2017 and is estimated to surpass $27,268million during 2018-2023 growing at a CAGR of 4.2%. Technological zoo additives holds the highest market share of 49% with $11,782m in 2017. By region Asia-pacific holds the highest market share with 39%.
According to the new market research report by IndustryARC titled “Animal Feed Additive Market: By Type (Technological & Zoo Technical Feed Additives, Nutritional Feed Additives, Sensory Feed Additives); By Livestock (Swine, Poultry, Cattle, Aquaculture and Others); By Geography - (2014-2020)”, the market is expected to be driven by rising awareness among consumers on quality food.
APAC continues to lead the market share and growth during 2018-2023.
Asia-Pacific with a major market share is the dominant region due to the high demand from meat producing countries and exporters such as Australia, New Zealand, China and India. China and India are witnessing the highest growth among all the other countries in this region. The industrialization of meat production, adoption of scientific feed, propelled by increasing awareness among producers, are driving the demand.
Selected / Sample Analysis done in the full Report:
These are used at various stages in the meat production value chain. It is used by livestock producers, integrated feed producers, feed mills and premixers. Feed additives are manufactured and marketed by various players in various forms such as premixers, feed mills, and distributors. These players in feed additive market sell feed additives directly to the consumers as their own brands. They also supply feed additives to integrated feed producers where the feed additives are mixed with animal feed that increases the nutritional value of the feedand promotes livestock growth. Livestock producers use these animal feed additives in small doses to enhance and maintain overall health of the animal.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
Consumer health is a major concern for many governments across the globe, especially in Europe and North America. The rising consumer awareness about the quality of food is playing a key role in driving significant growth for the market.
Rapidly rising mass production of meat and meat products is an indicator of growing trend for landless meat production facilities. Increase in industrial production of meat, especially in emerging economies such as India and China, drive the demand for feed additives.
Key Players of the Animal Feed Additives Industry:
The major key players of the Animal Feed Additives Market includes Nutreco, Royal DSM N.V and Archer Daniels Midland Company.
Nutreco N.V. acquired two Brazilian companies namely, Fatec Indústria de Nutrição e Saúde Animal Ltda (Brazil) and BRNova Sistemas Nutriconais S.A.(Brazil) to strengthen its distribution network and product portfolio in animal nutrition.
Animal Feed Additives Market Report is Segmented as below.
Animal Feed Additives Market By Type
Animal Feed Additives Market By Livestock
Animal Feed Additives Market By Geography ( Covers 10+ Countries )
Animal Feed Additives Market Entropy
Companion Animal Feed Ingredients Market
What can you expect from the report?
The Animal Feed Additives Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Top 10 End user Analysis
Product Bench marking
Mergers & Acquisition Analysis
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