Global Animal Feed Additives Market 2024-2028
The animal feed additives market is forecasted to grow by USD 9.62 bn during 2023-2028, accelerating at a CAGR of 6.35% during the forecast period. The report on the animal feed additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in global meat consumption, growing demand for feed additives owing to rising disease outbreaks in livestock, and increasing investments and focus on expanding production capabilities.
Technavio's animal feed additives market is segmented as below:
By Application
- Poultry
- Ruminants
- Swine
- Others
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing product launches as one of the prime reasons driving the animal feed additives market growth during the next few years. Also, growing number of strategic partnerships and acquisitions and increasing demand for natural feed additives will lead to sizable demand in the market.
The report on the animal feed additives market covers the following areas:
- Animal feed additives market sizing
- Animal feed additives market forecast
- Animal feed additives market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal feed additives market vendors that include Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Biochem additives and product mbH, Bluestar Adisseo Co., Cargill Inc., Chr Hansen Holding AS, Corbion nv, Evonik Industries AG, Imerys S.A., International Flavors and Fragrances Inc., Jefo, Kemin Industries Inc., Koninklijke DSM NV, Land O Lakes Inc., Novozymes AS, Novus International Inc., Nutreco N.V., and Solvay SA. Also, the animal feed additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.