Feed Additives Market Feeding Efficiency: The Feed Additives Revolution in Animal Husbandry

Feed Additives Market worth $69.31 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Feed Additives Market- (By Type (Phosphates, Amino Acids, Vitamins, Acidifiers, Carotenoids, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, Antioxidants), By Form (Dry, Liquid), By Source (Synthetic, Natural), By Livestock (Poultry, Ruminants, Swine, Aquatic animals, Other livestock)), Trends, Industry Competition Analysis, Revenue and Forecast To
2031."

According to the latest research by InsightAce Analytic, the Global Feed Additives Market is valued at US$ 40.65 Bn in 2022, and it is expected to reach US$ 69.31 Bn by 2031, with a CAGR of 6.23% during a forecast period of 2024-2031.

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Feed additives, encompassing substances, molecules, or even live microorganisms, play a crucial role in enhancing an animal's ability to utilize food. These supplements go beyond basic nutrition, improving an animal's capacity to absorb, process, and utilize food for optimal growth and well-being.

This translates to benefits like improved fertility, stress tolerance, and immune function. The livestock and agricultural industries' growing focus on optimizing feed efficiency has been a significant driver of the feed additives market. Feed efficiency has become a major concern in animal husbandry due to its wide-ranging impact on both farmers' profits and the environment. However, the information about anti-fog ingredients seems unrelated to feed additives.

List of Prominent Players in the feed additives market:

• Palital Feed Additives B.V. (Netherlands)
• VITAFORMS (US)
• ALLTECH (US)
• Neospark Drugs and Chemicals Private Limited (India)
• Tex Biosciences (P) Ltd. (India)
• Cargill, Incorporated (US)
• ADM (US)
• International Flavors & Fragrances (US)
• Evonik Industries AG (Germany)
• BASF SE (Germany)
• DSM (Netherlands)
• Ajinomoto (Japan)
• Novozymes (Denmark)
• CHR. HANSEN (Denmark)
• TEGASA (Spain)
• Nutreco (Netherlands)
• Kemin Industries Inc (US)
• Adisseo (France)
• BRF (Brazil)
• Solvay (Belgium)
• Global Nutrition International (France)
• Centafarm SRL (Italy)
• Bentoli (US)
• Nuqo Feed Additives (France)
• Novus International Inc. (US)

Market Dynamics:
Drivers-
The growing demand for the feed additives market is fueled by natural growth boosters such as probiotics, prebiotics, and botanical extracts, which have gained favour as an alternative to harmful synthetic compounds and traditional antibiotics. Improved athletic performance and reduced risk of antibiotic
resistance and chemical contamination in food are just two of the many benefits of using natural supplements like these in competitive animal agriculture.

Challenges:
The prime challenge is strict regulations, a shortage of competent individuals and a lack of norms and protocol because Global feed additives market dynamics are complicated by the need to comply with rules in a wide range of jurisdictions. The industry is working to find a middle ground between animal well-being, food safety, and long-term market viability as it faces these ongoing problems and worries about the long-term effects of antibiotic resistance on human health.

These restrictions on using antibiotics in animal feed have resulted in a paradigm shift in the industry toward more sustainable and responsible alternatives. The COVID-19 epidemic has had a profound effect on the meat industry. Customers' growing concern for their health has led to a drop in demand for meat. Consumers are shifting their focus to plant-based proteins as a result, slowing the industry's growth. Because of the interruption in the supply chain, the price of meat, especially beef and pork, has risen dramatically. As a result, the market for meat has become more volatile, and people are eating less meat.

Regional Trends:
The Asia Pacific feed additives market is anticipated to record a maximum market share in revenue. It is projected to grow at a high CAGR in the near future due to rising populations, higher disposable incomes, and an increased preference for high-quality meat products. The demand for these goods has been on the rise. Besides, Europe had a considerable share in the market because of increasing efficiency in hog production, decreased costs for finished products, and a rise in pricing overall. Demand for pig and pork industry animal feed is expected to increase as the pig population expands across the country.

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Recent Developments:

• In April 2023, BASF and Schothorst Feed Research joined forces to reduce animal agriculture's negative effects on the environment. Incorporating BASF's Opteinics digital sustainability platform into SFR's global advisory services for animal nutrition was made possible thanks to this collaboration.

• In June 2022, Cargill finalized a legally binding agreement to procure Delacon, the leading organization on phytogenic additives derived from plants. The acquisition provided a global presence, extensive knowledge of feed additives, and the ability to produce more nourishing foods.

Segmentation of feed additives market-
By Type -
• Phosphates
• Amino Acids
• Vitamins
• Acidifiers
• Carotenoids
• Enzymes
• Flavors & Sweeteners
• Mycotoxin Detoxifiers
• Minerals
• Antioxidants
• Nonprotein Nitrogen
• Phytogenics
• Preservatives
• Probiotics
By Form-
• Dry
• Liquid
By Source-
• Synthetic
• Natural
By Livestock
• Poultry
• Ruminants
• Swine
• Aquatic animals
• Other livestock
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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