Global Market for Feed Additives 2021 to 2026: Asia Pacific to Lead in Growth over the Forecast Period

DUBLIN, June 10, 2021 /PRNewswire/ -- The "Global Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, and Antioxidants), Livestock, Form, Source, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The feed additives market is estimated to be valued at USD 38.1 billion in 2021 and is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value. The market is primarily driven by factors such as increasing demand and consumption of livestock-based products and growth in feed production globally.

Asia Pacific region accounted for the largest market share in the feed additives market owing to the presence of large livestock population and their growth. However, one of the restraining factors in the growth of feed additives market is the ban on antibiotics in different countries.

By type, the phytogenics segment is projected to grow at the highest CAGR during the forecast period

Based on type, the phytogenics segment is expected to be the fastest-growing during the forecast period. Feed phytogenics includes wide range of substances herbs, spices, essential oils, and oleoresins, which helps in improving the gut health and growth.

This segment is growing rapidly as consumers are increasingly concerned about the health issues in livestock.

By livestock, the poultry segment is estimated to account for the largest share

The poultry segment of the feed additives is dominating the market. Poultry birds are majorly consumed for meat and eggs. The dominance of this segment is majorly attributed to the growing concern about animal health and consumer preferences for a specific color of yolk and meat.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period

Asia Pacific region is projected to be the fastest-growing market for the period considered for this study. The increasingly consumption of high-quality livestock-based products has led to the increasing demand for feed and increased awareness about the importance of quality feed among livestock producers and feed buyers.

The feed additives market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (Middle East and Africa).

Break-up of Primaries:

• By Company Type: Tier 1 - 30%, Tier 2 - 25% and Tier 3 - 45%
• By Designation: Manager - 25%, CXOs - 30%, and Executives - 45%
• By Region: Asia Pacific - 40%, Europe - 32%, North America - 18%, and South America & Africa - 10%

Research Coverage

This report segments the feed additives market on the basis of type, livestock, form, source, and region. In terms of insights, this research report focuses on various levels of analyses-competitive landscape, pricing insights, end-use analysis, and company profiles-which together comprise and discuss the basic views on the emerging & high-growth segments of the feed additives market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Reasons to Buy this Report

• To get a comprehensive overview of the feed additives market
• To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
• To gain insights about the major countries/regions, in which the feed additives market is flourishing

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Regulatory Framework

8 Feed Additives Market, by Type

9 Feed Additives Market, by Livestock

10 Feed Additives Market, by Form

11 Feed Additives Market, by Source

12 Feed Additives Market, by Region

13 Competitive Landscape

14 Company Profiles

15 Adjacent and Related Markets

16 Appendix

Companies Mentioned

• Adisseo
• ADM
• Ajinomoto
• Alltech
• BASF
• Bentoli
• Cargill
• Centafarm SRL
• Chr. Hansen
• DSM
• DuPont
• Evonik
• Global Nutrition International
• Kemin Industries Inc.
• Novozymes
• Novus International, Inc.
• NUQO Feed Additives
• Palital Feed Additives B.V
• TEGASA

For more information about this report visit https://www.researchandmarkets.com/r/ypydbr

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