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Animal Feed Additives Market Outlook 2020 To 2027 | Growing Need To Enhance The Overall Feed Properties Is Critical Market Driving Factor | Grand View Research, Inc.

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Animal Feed Additives Market Outlook 2020 To 2027 | Growing Need To Enhance The Overall Feed Properties Is Critical Market Driving Factor | Grand View Research, Inc.

June 14
03:34 2021
Animal Feed Additives Market Outlook 2020 To 2027 | Growing Need To Enhance The Overall Feed Properties Is Critical Market Driving Factor | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, Growing meat consumption coupled with a recent outbreak of diseases has generated the need for additives in poultry, aqua, and other animal-based products which in turn, is expected to drive the product demand.

The global animal feed additives market size is expected to reach USD 50.88 billion by 2027, registering a revenue-based CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing need to enhance the overall feed properties is one of the critical factors driving product demand. Increased consumption of meat and meat products as the primary source of protein and other nutrients is estimated to further drive the demand.

Feed additives are considered to be an essential source of nutrition for animals. They are proven to be beneficial for improving feed quality, digestion, and conversion, thereby improving overall animal health. Different types of additives include amino acids, antioxidants, feed enzymes, vitamins, antibiotics, and feed acidifiers.

Feed enzymes are becoming popular among manufacturers and livestock producers. They increase the nutritive value, reduces cost, and improves the conversion ratio. The dominant type of enzyme products includes Carbohydrase, non-starch polysaccharides, phytase, and protease. The market players are focused on developing cost-effective products. For example, Novozymes, a key market player, in partnership with DSM, launched its enzyme under the brand name BalanciusTM. The enzyme is mainly developed for improving gut health of broiler chickens, which facilitates sustainable production.

Antibiotic is a significant type of animal feed additives consumed worldwide. Its ability to promote growth in livestock was one of the primary factors that have helped in developing its market. However, the excessive use of antibiotics as growth promoters resulted in the local bacterial population becoming resistant to the antibiotics. Traces of antibiotics in meat can also affect human health because of their excess use as growth promoters. Several countries are now imposing a ban on the use of antibiotics in animal feed and feed additive formulations. For instance, the Indian government recently imposed a ban on the use of Colistin, an antibiotic used for fattening the livestock. Thus, the growing implementation of the antibiotic ban by regulatory bodies is projected to hamper the market growth over the forecast period. 

Animal Feed Additives Market Report Highlights

 In terms of revenue, Asia Pacific emerged as the fastest growing region and is projected to continue its dominance, with India and China likely to witness a remarkable growth in next seven years

Poultry emerged as the largest livestock segment in 2019, with a market share of more than 37% in terms of volume

The animal feed additives market is highly fragmented and competitive in nature with presence of well-established players.

AFB International; Alltech; Kemin Industries Inc.; Evonik; DuPont; DSM; Nutreco N.V.; Archer Daniels Midland; and Cargill are the major players operating in the market.

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market/request/rs1

Animal Feed Additives Market Segmentation

Grand View Research has segmented the global animal feed additives market report on the basis of product, livestock, and region:

Animal Feed Additives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
    • Antibiotics

    • Vitamins

             • Vitamin A

             • Vitamin E
             • Vitamin B
             • Vitamin C
             • Other
    • Antioxidants
    • Amino Acids
             • Tryptophan
             • Lysine
             • Methionine
             • Threonine
             • Others
    • Feed Enzymes
             • Phytase
             • Non-starch Polysaccharides & Others
    • Feed Acidifiers
    • Others

 

Animal Feed Additives Livestock Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
    • Pork/Swine
    • Poultry
    • Cattle
    • Aquaculture
    • Others

Animal Feed Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
     North America
        • The U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • Spain
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
        • Vietnam
    • Central and South America
        • Brazil
    • Middle East & Africa
        • South Africa

Fill The Pre-Order Enquiry Form For The Report @ https://www.grandviewresearch.com/inquiry/217/ibb

 

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
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State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market