Feed Preservatives Market to Cross Over 9% CAGR to 2022 led by Poultry Segment
PUNE, India, October 31, 2016 /PRNewswire/ --
The feed preservatives market is projected to reach USD 3.57 billion by 2022 at a CAGR of 9.2%, in terms of value while feed acidifiers is projected to be the fastest-growing segment driven by improved demand for feed acidifiers due to ban on antibiotics in certain regions.
Complete report on global feed preservatives market spread across 164 pages, profiling 10 companies and supported with 77 tables and 63 figures is now available at http://www.rnrmarketresearch.com/feed-preservatives-market-by-type-feed-acidifiers-mold-inhibitors-feed-antioxidants-anticaking-agents-livestock-cattle-poultry-swine-aquaculture-feed-type-compound-feed-feed-premix-feed-meal-silage-st-to-2022-market-report.html.
With the growing awareness about customized formulations and feed management practices to reduce production costs and improve livestock health, the meat processors and livestock farmers have been investing in nutrient-rich and high quality feed products. However, with the decline in the global prices of farm end products, the cost-cutting measures on the production front is expected to be a limiting factor to the growth of the market.
The feed acidifiers segment is projected to be the fastest-growing segment in the feed preservatives market from 2016 to 2022, as these products are a suitable alternative to antibiotics and are effective against harmful bacteria. With stringent export regulations for meat products containing antibiotic residues, meat processors have been cautious on the usage of additive components when fed to animals. Acidifiers such lactic acid and acetic acid produced through bioreactors have been gaining acceptability in terms of regulatory requirements; however, there are apprehensions with respect to its effectiveness as compared to prop ionic acid.
The poultry segment accounted for the larger market share in feed preservatives in 2015, due to the increasing growth of poultry industry as an organized sector in Asia-Pacific and Latin American regions. With the increasing usage of feed additives and supplements to improve livestock productivity, the demand for acidifiers is also projected to gain strong growth, especially among mono-gastric species such as poultry and swine.
The Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2022. The shift towards organized farming in poultry and aquaculture sectors in emerging markets such as India, China, Vietnam, Indonesia, Malaysia, and Thailand has been a boost for the growth of the feed industry. Therefore, the need for feed preservatives has also increased with the growing demand for compound feed and feed premix in these regions.
Key market players profiled in the report are Alltech, Inc. (U.S.), Biomin Holding GMBH (Austria), Kemin Industries, Inc. (U.S.), Nutreco N.V. (Netherlands), Perstorp Holding AB (Sweden), Cargill, Incorporated (U.S.), Novus International, Inc. (U.S.), BASF SE (Germany), Impextraco NV (Belgium), and E.I. duPont de Nemours and Company (U.S.). Order a copy of Feed Preservatives Market by Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants, Anticaking Agents), Livestock (Cattle, Poultry, Swine, Aquaculture), Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage), and Region - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=733629.
In the process of determining and verifying, the global feed preservatives market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (40%), Tier 2 (35%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Director Level (26%), C-Level (19%) and others (55%) from various key organizations operating in the global feed preservatives market. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (27%), North America (23%), Europe (20%), Latin America (18%), RoW (12%).
On a related note, another research on Specialty Feed Additives Market Global Forecast to 2022 says, the palatability enhancement segment is projected to be the fastest-growing from 2016 to 2022. The liquid segment is projected to be the largest and fastest-growing from 2016 to 2022. Asia-Pacific is projected to be the fastest-growing from 2016 to 2022. The overall market is projected to reach a value of USD 11.12 billion by 2022 growing at a CAGR of 5.43% from 2016. Companies like BASF SE, Evonik Industries, Novozymes A/S, Nutreco N.V., Alltech Inc., Chr. Hansen Holdings A/S, Invivo NSA, Biomin Holding GmbH, Lucta S.A. and Kemin Industries Inc. have been profiled in this 190 pages research report available at http://www.rnrmarketresearch.com/specialty-feed-additives-market-by-function-gut-healthdigestive-performance-mycotoxin-management-palatability-preservation-functional-ingredients-livestock-cattle-poultry-swine-aquatic-an-market-report.html.
Explore more reports on food & beverage market at http://www.rnrmarketresearch.com/reports/food-beverage.
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