The market crossed US$ 4.90 billion mark in 2022 and is expected to hit US$ 8.20 billion by 2030, recording a CAGR of 6.5% during the forecast period.
The latest Feed Preservatives market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Feed Preservatives market.
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Key Players:
- Cargill, Incorporated
- BASF SE
- Nutreco N.V.
- Biomin Holding GmbH
- Perstorp Holding AB
In this report, the market has been segmented on the basis of:
- Type:
- Feed Acidifiers
- Mold Inhibitors
- Feed Antioxidants
- Anticaking Agent
- Livestock:
- Poultry
- Ruminants
- Swine
- Aquaculture
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
The research report provides deep insights into the market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Feed Preservatives market during the forecast period, i.e., 2022–2030. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2022–2030? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Feed Preservatives market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Feed Preservatives market?
- What are the prominent market trends influencing the development of the Feed Preservatives market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Feed Preservatives market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
Increasing demand for animal health and nutrition has empowered the growth of futuristic innovations.
Rising number of animals to fulfill the growing number for animal products such as meat, milk, and eggs are expected to drive the growth of the market during the forecast period. Increased demand for animal products has led to the increased demand for feed preservative to longer shelf life long with to preserve the nutritional value of the feed. Further, various prominent players in the market to embark on research and development activities to develop more sustainable product.
Rising adoption in various livestock use is one of the major factors accelerating the market growth.
The livestock for feed preservative are poultry, ruminants, swine, aquaculture, and others. Within these livestock, poultry is one such end use, wherein the use of feed preservatives is increasing owing to increased demand for eggs for appropriate vitamins and protein and rise in awareness regarding optimum nutrition and care in the sector. The aquaculture has also witnessed an extensive use of feed preservatives in feed products owing to rising aquaculture farming in various developing economies.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Feed Preservatives market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Feed Preservatives market segments and regions.
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