Animal Feed Additives Market Size, Analysis, Top Players, Target Audience and Forecast to 2029
Animal Feed Additives Market Dynamics:
The use of feed additives in farm animal feed is expected to increase as demand for livestock-based products such as dairy and dairy-based products, meat, and eggs rises. Poultry meat is the primary driver of overall meat production growth in both developed and developing countries, owing to its high demand, low production costs, and low product pricing. Furthermore, as people become more aware of the function and dynamics of food nutrients, particularly protein, on total physical and mental growth and development, there is a growing trend toward animal-sourced protein in the form of meat, eggs, or milk. As the European Union prohibits the use of antibiotics, probiotics or direct-fed microbial are rapidly gaining popularity in the animal feed sector. Probiotics in animal feed help animals maintain good intestinal health, which improves their general productivity and well-being. As a result of population increase and improving living standards, the livestock business has been obliged to adapt and develop in order to satisfy society's expectations. Consumers want meat-based products that are clean and safe. Manufacturers of animal feed additives will benefit from this.
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COVID-19 Impact Analysis on Animal Feed Additives Market:
The COVID-19 outbreak has caused substantial changes in consumer behaviour across many areas of society. On the other hand, industries will need to modify their strategies to account for changing market supply. This report offers an overview of COVID-19's impact on the Animal Feed Additives market and will help you build your business in accordance with the new industry standards. The results are verified through reviews and market leaders. The secondary research and analysis of the same are done using both paid and unpaid databases. Consumption in each nation by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports.
Animal Feed Additives Market Scope:
Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size's % acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.
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Animal Feed Additives Market Segmentation:
Swine, Ruminants, Poultry, Aquatic Animals, and Others are the livestock and equipment segments of the Animal Feed Additives market. Based on livestock, the poultry segment is expected to be the largest and fastest-growing segment in the feed additives market. Growing consumer demand for a specific colour of yolk and meat has resulted in an increase in demand for poultry feed additives. As the prevalence of diseases such as avian flu has increased, stricter laws and standards have been enacted, increasing demand for specialised chemicals. Furthermore, global chicken meat production is expected to increase rapidly over the forecast period, resulting in increased demand for poultry feed.
Animal Feed Additives Market Key Players:
The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Animal Feed Additives market's potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Animal Feed Additives market.
- Novozymes A/S
- Evonik Industries AG
- Charoen Pokphand Foods Public Company Limited
- Nutreco N.V.
- Addcon Group
- Archer Daniels Midland Company
- Adisseo France SAS
- Kemin Industries
- Hansen Holding A/S
- Biomin
- Aliphos Belgium S.A
- Koninklijke DSM N.V
- Phibro Animal Health Corporation
- Biotech JSC
- Danisco Animal Nutrition, Biomin
Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Animal Feed Additives market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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