Feed additives are components or mixtures added to comprising the feed. These include grains, added vitamins, fats/oils, minerals, and other nutritional & energy sources. Animal feedable to promote health and productivity in livestock. Increased demand for livestock production in emerging countries coupled with rising in the swine and beef meat exports able to create demand for animal feed additives market.
Animal feed additives market is expected grow at unprecedented growth rate due to increased demand for protein foods such as milk, meat, and eggs. As per UN Food and Agricultural Organization (FAO) estimates that animal protein production such as poultry, beef, swine are expected to double, as well as dairy, and fish production anticipated to grow triple by 2050.
In accordance with IFIF, global poultry protein production accounted for 98.9 million metric tons in 2015, expected to reach 200 million metric tons by 2050.
Growing importance for aquaculture is enabling to create lucrative opportunities for the market players due to increased demand for feed. The aqua feed continues to be the fastest growing segment of feed production. Poultry feed additives market expected to dominate the market share over the forecast time frame followed by Swine feed additives market.
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Based on the product type, veterinary feed additives market segmented as follows
• Antibiotics
• Antioxidants
• Acidifiers
• Vitamins and minerals
• Enzymes
• Amino acids
• Binders
Based on livestock, veterinary feed additives market segmented as follows
• Poultry
• Swine
• Aquatic
• Ruminants
• Others
Based on formulation type, veterinary feed additives market segmented as follows:
• Liquids
• Solids
• Others
Based on region, veterinary feed additives market segmented as follows:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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Animal feed plays the vital role in the global food industry. The animal feed additives are the most crucial components to ensuring safe and affordable animal proteins. The demand for livestock protein food such as meat and eggs has seen significant growth across the globe. The booming poultry production enables create the huge demand for poultry feed additives market in future.
Global animal feed additives market dominated by key players such as Royal Agrifirm, AB Agri, Addcon Group, InVivo NSA, Royal De Heus, ForFarmers BV, ADM, BASF, Cargill, DSM, Danisco, Evonik, Adisseo France, Biomin, Kemin Industries, Nutreco. Market players are adopting cutting-edge technologies to produce animal feed, new product introductions, and expansion of geographical footprints to cater larger market.
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