Feed Additives Market Forecast 2023-2032: Market Size, Drivers, And Trends

The Feed Additives Global Market Report 2023, provides comprehensive information on the feed additives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

 

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As per The Business Research Company’s Feed Additives Global Market Report 2023, the market size is expected to grow from $18.28 billion in 2022 to $19.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global feed additives market size is expected to reach $25.83 billion in 2027 at a CAGR of 6.8%.

 

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Major companies operating in feed additives are focused on developing innovative solutions to strengthen their position in the market. For instance, in February 2021, Kemin Industries Inc., a US-based manufacturer of specialty ingredients for several industries, including human/animal health and nutrition, pet food, aquaculture, launched KemTRACE Chromium-OR, a water-soluble, highly bioavailable, organic-compliant chromium propionate feed ingredient for use in swine, cattle, broiler, and horse diets. It helps in improving the maintenance, reproduction, growth, and immunity of swine, cattle, broilers, and horses. Additionally, it improves glucose utilization and reduces the negative impacts of stress for increased cellular energy and function in animals.

The feed additives market is segmented:

 

1) By Product Type: Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors And Sweeteners, Antibiotics, Other Products

2) By Livestock: Poultry, Ruminants, Swine, Aquatic Animals, Other livestock

3) By On Source Type: Synthetic, Natural

4) By Form: Liquid, Dry

 

Asia-Pacific was the largest region in the feed additives market in 2022.

 

The table of contents in TBRC’s feed additives market report includes:

1. Executive Summary

2. Feed Additives Market Characteristics

3. Feed Additives Market Trends And Strategies

4. Feed Additives Market - Macro Economic Scenario

5. Feed Additives Market Size And Growth

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27. Feed Additives Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Feed Additives Market

29. Feed Additives Market Future Outlook and Potential Analysis

30. Appendix

 

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