Global Nutritional Feed Additives Market Size 2024, Forecast To 2033
17 Jan, 2024
The nutritional feed additives market has experienced robust growth, surging from $4.18 billion in 2023 to $4.5 billion in 2024, showcasing a notable 7.7% CAGR. Historical growth is attributed to factors such as livestock health and productivity, disease prevention, and increased meat and dairy production. Future growth is anticipated, estimating a market size of $5.97 billion in 2028, fueled by sustainable animal agriculture, antibiotic alternatives, precision livestock farming, and ongoing product innovation. Noteworthy trends encompass functional feed additives, amino acids, omega-3 fatty acids, and a focus on sustainable and ethical farming.
Global Nutritional Feed Additives Market Key Driver
The rise in meat consumption drives demand for nutritional feed additives. To deliver high-quality meat, animals are fed nutritional additives for improved digestion, muscle development, and weight gain. With meat and poultry consumption exceeding 100 billion pounds annually in the US, the concern for high-quality meat fuels demand for nutritional feed additives.
Get A Free Sample Of The Global Nutritional Feed Additives Market ReportGlobal Nutritional Feed Additives Market Segments
The nutritional feed additives market covered in this report is segmented –
1) By Form: Dry, Liquid, Other Forms
2) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals
3) By Livestock: Ruminants, Poultry, Swine, Aquatic
4) By Distribution Channel: Direct, Indirect, Hypermarket/Supermarket, Specialty Stores, Online Retail
By Geography: The regions covered in the nutritional feed additives market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the nutritional feed additives market in 2023. Asia-Pacific was the second-largest region in the nutritional feed additives market report. The regions covered in the nutritional feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Nutritional Feed Additives Industry Players
BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V, Kemin Industries Inc., Adisseo Company, Alltech Biotechnology Pvt. Ltd., Phibro Animal Health Corporation, DuPont de Nemours Inc., Koninklijke DSM N.V, Novozymes A/S, InVivo Group, Lallemand Inc., Elanco Animal Health Incorporated, Addcon Group, Aliphos Belgium S.A, The Archer-Daniels-Midland Company, Solvay Group, Ajinomoto Group, Chr. Hansen A/S, AFB International, Vitablend Asia Pacific Pte Ltd., Kalsec Inc., America-Pac, FoodSafe Technology, Biomin Holding GmbH, Penny Newman, Danisco Animal Nutrition, Provimi Holding B.V., Pancosma S.A., Biovet JSC, BioResource International Inc., Novus International Inc., Vetco (India) Limited, Vetoquinol S.A., Zagro Corporation, Zinpro Corporation, Trouw Nutrition International B.V., Biostadt India Limited
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Nutritional Feed Additives Market Overview
Nutritional feed additives various types of products used in animal nutrition to improve the nutritional content and quality of feed, or to improve the health and performance of animals. They help improve the nutritional content and quality of feed, resulting in higher productivity and disease prevention.
Nutritional Feed Additives Global Market Report 2023 provides data on the global nutritional feed additives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The nutritional feed additives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.