Animal feed additives are used in animal sustenance to progress the properties and nature of the animal feed. Feed additives help by improving the stomach related execution, in general, gut health, appetizing maintenance, and different elements. In this manner, they support the health of the animal and subsequently, improve the amount and nature of meat delivered.
The Global Animal Feed Additives Market was valued at $ XX Mn in 2018 and is forecast to grow at a strong XX% CAGR between 2018 and 2026, resulting in 2026 global sales of $ XX. Market-driven by owing rising consumption of meat worldwide and growing awareness around the quality of dairy products and meat utilized. However, staggering expenses of raw material is hampering market growth. Moreover, water-soluble organic animal feed supplements are providing ample opportunities for the market.
Animal feed additives depending on end-user, Prebiotics segment is expected to account for the largest share of the Animal feed additives market due to the prebiotics are pulling in extensive enthusiasm from animals makers, feed makers, pet food makers, and pet owners.
The Global Animal Feed Additives Market is segmented on the basis of Product, Animal Type, and Region.
Based on the Product: Amino Acids, Vitamins, Probiotics, Sweeteners, Flavors, Enzymes, Pigments, Antioxidants, Antibiotics, and Minerals
Based on the Animal Type: Pet, Swine/Pork, Aquaculture, Cattle and Poultry
Based on the Region: North America, Asia-Pacific, Europe, and LAMEA. Among that North America held the largest share of the market owing Growing local demand for meat together with the region’s development as a leading exporter of meat will continue to alter the dynamics of Asia-pacific in the global animal feed additives market. China leads the region in meat consumption as well as in the production of animal feed additives
Report Description: The report covers in-depth analysis of the Global Animal Feed Additives Market. The report assesses the market products by animal type (Pet, Swine/Pork, Aquaculture, Cattle, and Poultry). In addition, the report includes key insights on other development activities, including (but not limited to) – licensing (In and Out), collaborations, acquisitions, reimbursement, patent, and regulatory designations.
The report includes in-depth company profiles of key players in the Global Animal feed additives Market. The company profile includes key information on the overview, financial highlights, product portfolio, business strategies, and key recent developments.
The report highlights information on emerging companies with potentially disruptive technologies and new market entrants.
Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary databases and Models)
Market-related information is assembled from both primary and secondary sources.
Primary sources involved participants from all global stakeholders such as experts from several related industries and suppliers that have been interviewed to obtain and verify critical information as well as to assess prospects of the market. The participants included are CXOs, VPs, and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications annual reports press releases along with paid sources such as Factiva, OneSource, Bloomberg among others.
Top-down and bottom-up approaches: The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation by product, type of manufacturing, and disease) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.