Global Nutritional Feed Additive Market Trends And Strategies Of Major Players In The Nutritional Feed Additive Market 2021-2030
23 Sep, 2021
The nutritional feed additives market consists of sales of nutritional feed additives which are used to improve animals nutrition. Nutrition feed additives are an important portion of nutrition that enhance yield and quality of food. Nutrition feed additives improve the overall gut health, digestion process and appetite. This market includes companies that produce nutritional feed additives such as enzymes, antioxidants, acidifiers, probiotics, prebiotics and others.
Global Nutritional Feed Additive Market Size And Drivers:
The global nutritional feed additives market is expected to grow from $8.27 billion in 2020 to $9.97 billion in 2021 at a compound annual growth rate (CAGR) of 20.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $12.65 billion in 2025 at a CAGR of 6.1%. The rise in consumption of meat products is one of the driving factors for the Nutrition Feed Additives Market.
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Trends In The Global Nutritional Feed Additive Market
Feed additives manufacturers are investing in the R&D of organic feed additives as there is a growing demand for organic and natural feed products in the nutritional feed additives market. When compared to synthetic nutrition feed additives, organic feed additives have less side effects and also improves yield. Therefore, poultry farmers are switching to herbal nutrition feed additives. For instance, Agpulse Organics has come up with its herbal animal feed additive 'Govahnika-Biosheera' which is fed to cattle to increase milk productivity while maintaining the health of cattle and quality of milk.
Global Nutritional Feed Additive Market Segments:
The global nutritional feed additive market is further segmented –
By Distribution Channel: Direct, Indirect, Hypermarket / Supermarket, Specialty Stores, Online Retail
By Livestock: Ruminants, Poultry, Swine, Aquatic
By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minera
By Form: Dry, Liquid, Others
By Geography: The global nutritional feed additive market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/nutritional-feed-additives-global-market-reportNutritional Feed Additive Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides nutritional feed additive market overviews, analyzes and forecasts market size and growth for the global nutritional feed additive market, nutritional feed additive market share, nutritional feed additive market players, nutritional feed additive market segments and geographies, nutritional feed additive market’s leading competitors’ revenues, profiles and market shares. The nutritional feed additive market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.