Feed & Animal Nutrition Market Size, Outlook, Trends & Challenges https://www.verifiedmarketresearch.com/rcategory/feed-animal-nutrition/ Market Research Company Wed, 09 Oct 2024 07:42:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.verifiedmarketresearch.com/wp-content/uploads/2021/03/favicon-2.ico Feed & Animal Nutrition Market Size, Outlook, Trends & Challenges https://www.verifiedmarketresearch.com/rcategory/feed-animal-nutrition/ 32 32 Global Animal Feed Additives Market By Type (Amino Acids, Phosphate), By Form (Liquid, Dry), By Livestock (Ruminants, Poultry), By Geographic Scope and Forecast https://www.verifiedmarketresearch.com/product/animal-feed-additives-market/ Tue, 08 Oct 2024 10:54:38 +0000 https://www.verifiedmarketresearch.com/product/animal-feed-additives-market/ According to Verified Market Research, The Global Animal Feed Additives Market size was valued at USD 45.13 Billion in 2024 and is projected to reach USD 59.72 Billion by 2031, growing at a CAGR of 3.93% from 2024 to 2031.

The post Global Animal Feed Additives Market By Type (Amino Acids, Phosphate), By Form (Liquid, Dry), By Livestock (Ruminants, Poultry), By Geographic Scope and Forecast appeared first on Verified Market Research.

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Global Animal Feed Additives Market Size and Forecast

Global Animal Feed Additives Market size was valued at USD 45.13 Billion in 2024 and is projected to reach USD 59.72 Billion by 2031, growing at a CAGR of 3.93% from 2024 to 2031.

  • Animal feed additives are compounds that are added to livestock feed to improve nutritional value, boost animal development, increase feed efficiency, and maintain general animal health.
  • Common uses include enhancing digestion, boosting immunity, and increasing meat, milk, or egg production in animals like chickens, cattle, and swine.
  • The future scope of animal feed additives is expected to expand due to rising global demand for high-quality meat and dairy products, an increased emphasis on sustainable farming, and a need for antibiotic alternatives in animal feed, with innovations aimed at animal health and environmental impact.

Animal Feed Additives Market is estimated to grow at a CAGR 3.93% & reach USD 59.72 Bn by the end of 2031

Global Animal Feed Additives Market Dynamics

The key market dynamics that are shaping the global animal feed additives market include:

Key Drivers:

  • Increasing Global Meat Consumption: The growing global demand for meat products is pushing the need for animal feed additives to boost livestock production and quality. In June 2023, According to the Food and Agriculture Organization of the United Nations (FAO)’s “Food Outlook” study issued, worldwide meat output is expected to reach 362 million tonnes in 2023, up 1.4% from 2022. The survey also predicts that global per capita meat consumption will increase to 35.4 kg by 2030, from 34.6 kg in 2022. This increasing demand for meat products is directly driving the market for animal feed additives, which improve animal growth rates, feed efficiency, and meat quality.
  • Increasing Emphasis on Animal Health and Disease Prevention: Growing concerns about animal health and the need to prevent diseases in livestock are driving the use of feed additives with health-enhancing qualities. In April 2023 According to a report published by the World Organisation for Animal Health (WOAH), the worldwide animal health market, including feed additives, is estimated to reach $67.56 billion by 2026, rising at a CAGR of 5.7% between 2021 and 2026.
  • Rising Aquaculture Production: The rapid growth of the aquaculture industry has created a huge need for specialized feed additives for fish and shrimp farms. The FAO’s State of World Fisheries and Aquaculture 2023 report estimates that worldwide aquaculture production reached 87.5 million tonnes in 2022, up 3.9% from 2021. The analysis predicts that aquaculture would account for 53% of global fish production by 2030. This expansion is increasing demand for aquafeed additives, with the market predicted to reach USD 2.2 Billion by 2026, up 7.1% from 2021, according to a report published in the Journal of World Aquaculture Society in September 2023.
  • Increasing Consumer Demand for Natural and Organic Animal Products: The growing consumer preference for natural and organic meat, dairy, and egg products is increasing the use of natural feed additives. In March 2024, According to an Organic Trade Association report published, sales of organic meat, poultry, and fish in the United States climbed by 11.4% in 2023 compared to the previous year, totaling USD 1.9 Billion. According to the report, 72% of consumers are willing to pay a premium for meat products sourced from animals grown without synthetic feed additives.

Key Challenges:

  • Regulatory Compliance: Strict laws governing the use of specific chemicals, such as antibiotics, and the requirement for permission from many regulatory authorities can stymie product development and market entry.
  • Fluctuating Raw Material Pricing: The pricing of important constituents in animal feed additives, such as amino acids and vitamins, can fluctuate, affecting producers’ manufacturing costs and profit margins.
  • Antibiotic Alternatives: The growing demand for antibiotic-free animal products is forcing the industry to look for suitable alternatives, but creating these substitutes can be expensive and time-consuming.
  • Lack of Awareness in Emerging Markets: In many developing nations, farmers and producers may be unaware of the benefits of utilizing feed additives, resulting in slow uptake despite the potential for increased livestock productivity.

Key Trends:

  • Shift toward Natural Additives: Increased consumer demand for organic and antibiotic-free animal products is encouraging the use of natural additives such as probiotics, prebiotics, and plant-based enzymes to promote healthier cattle.
  • Focus on Sustainability: The sector is increasingly using eco-friendly additives that improve feed efficiency while also reducing environmental impacts, such as methane emissions from cattle.
  • Increasing Use of Amino Acids: Amino acids are becoming a popular feed ingredient due to their ability to increase animal development, protein absorption, and overall health.
  • Technological Advances in Precision Feeding: Advances in precision feeding technology enable farmers to adjust feed additive use to specific livestock needs, boosting growth and decreasing waste, increasing additive efficiency.

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Global Animal Feed Additives Market Regional Analysis

Here is a more detailed regional analysis of the global animal feed additives market:

Asia Pacific:

  • The Asia Pacific region dominates the animal feed additives market, driven by increasing livestock population and meat consumption, particularly in China, India, and Vietnam. The region’s growing middle class and rising demand for protein-rich diets have spurred the need for effective feed additives that boost animal output. For instance, China’s Ministry of Agriculture estimated a 12% growth in meat consumption in 2023, driving rising need for feed additives to help the livestock industry. Furthermore, favorable government regulations and investments in the animal husbandry industry are driving market expansion. In November 2023, India began the National Livestock Mission, with the goal of enhancing livestock output through improved feed quality and additives, further contributing to the region’s market domination.
  • In January 2024, CJ CheilJedang, a South Korean food and bio firm, announced intentions to expand its amino acid production capacity in China to fulfill rising demand for feed additives. The firm intends to improve its position in the Asia Pacific market, which accounts for more than 40% of total animal feed additive sales in 2023.

North America:

  • North America is the fastest-growing region in the animal feed additives market, owing to advances in feed technology, increased meat and dairy consumption, and a strong focus on animal health and nutrition. The United States Department of Agriculture (USDA) forecasts a 6% growth in meat production in 2024, highlighting the growing demand for high-quality animal products. Furthermore, as customers become more health conscious and want antibiotic-free goods, livestock producers are turning to feed additives to boost growth performance and feed efficiency.
  • In November 2023, the AFIA stated that approximately 80% of North American feed mills are implementing innovative technology to increase feed quality and minimize waste, demonstrating the region’s proactive attitude to meeting the changing needs of livestock producers and consumers.

Global Animal Feed Additives Market: Segmentation Analysis

The Global Animal Feed Additives Market is segmented on the basis of By Type, By Form, By Livestock and By Geography.

Animal Feed Additives Market Segments Analysis

Global Animal Feed Additives Market, By Type

  • Amino Acids
  • Phosphate

Based on Type, the Global Animal Feed Additives Market is segmented into Amino Acids, Phosphate. The amino acid sector is dominating, thanks to its critical function in boosting animal growth and feed efficiency. The phosphate segment is the fastest-growing, driven by rising demand for better bone development and general animal health.

Global Animal Feed Additives Market, By Form

  • Liquid
  • Dry

Based on Form, the Global Animal Feed Additives Market is segmented Liquid and Dry. The dry sector dominates because to its longer shelf life, ease of handling, and widespread application in bulk feed formulas. The liquid category is expanding at the highest rate, thanks to its increased use in specialist applications including medicated and water-soluble feed, which improve digestibility and nutrient absorption.

Global Animal Feed Additives Market, By Livestock

  • Ruminants
  • Poultry

Based on Livestock, the Global Animal Feed Additives Market is segmented into Ruminants and Poultry. The poultry segment dominates due to increased demand for poultry products such as eggs and meat, which drives the need for feed additives to promote chicken health and productivity. Ruminants are the fastest-growing segment, driven by expanding worldwide demand for dairy and beef products, which is increasing the use of feed additives to improve livestock nutrition and performance.

Global Animal Feed Additives Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on the Geography, the Global Animal Feed Additives Market are classified into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is the main region, driven by a high livestock population, rising meat demand, and an expanding animal husbandry sector. North America is the fastest-growing region, driven by advances in feed technology, rising demand for high-quality meat products, and a growing regulatory emphasis on animal nutrition.

Key Players

The “Global Animal Feed Additives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Kemin, ADM, BASF, Chr. Hansen, Cargill, Nutreco, DuPont, Invivo, Evonik, DSM and Solvay.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Animal Feed Additives Market: Recent Developments

Animal Feed Additives Market Key Developments And Mergers

  • In March 2024, Evonik introduced a new amino acid product specifically designed for chicken feed, enabling optimal growth and feed conversion. This launch is part of Evonik’s overall plan to expand its position in the animal nutrition sector and fulfill rising demand.
  • In January 2024, Phibro announced a collaboration with a major research university to create novel feed additives that improve immune function in animals. This collaboration aims to improve animal health and reduce antibiotic use in animal husbandry techniques.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Kemin, ADM, BASF, Chr. Hansen, Cargill, Nutreco, DuPont, Invivo, Evonik, DSM and Solvay.

SEGMENTS COVERED

By Type, By Form, By Livestock and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Animal Feed Additives Market size was valued at USD 45.13 Billion in 2024 and is projected to reach USD 59.72 Billion by 2031, growing at a CAGR of 3.93% from 2024 to 2031.
The increasing demand for the consumption of animal-derived products is the key factor for propelling the growth of the market. In addition, the growing awareness among the population about benefits associated with the utilization of feed additives is another factor imposing a positive outlook on the market growth.
The Major players in the market are Kemin, ADM, BASF, Chr. Hansen, Cargill, Nutreco, DuPont, Invivo, Evonik, DSM and Solvay.
The Global Animal Feed Additives Market is segmented on the basis of By Type, By Form, By Livestock and By Geography.
The sample report for the Animal Feed Additives Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Global Animal Feed Additives Market By Type (Amino Acids, Phosphate), By Form (Liquid, Dry), By Livestock (Ruminants, Poultry), By Geographic Scope and Forecast appeared first on Verified Market Research.

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Global Koi Market Size By Type (KOHAKU, TAISHO SANKE), By Application (Commercial, Retail), By Geography Scope And Forecast https://www.verifiedmarketresearch.com/product/koi-market/ Fri, 04 Oct 2024 04:45:39 +0000 https://www.verifiedmarketresearch.com/?post_type=product&p=325058 According to Verified Market Research, The Global Koi Market was valued at approximately USD 1.2 Billion in 2024 and is anticipated to reach USD 1.8 Billion by 2031, growing at a CAGR of about 5.2% from 2024 to 2031.

The post Global Koi Market Size By Type (KOHAKU, TAISHO SANKE), By Application (Commercial, Retail), By Geography Scope And Forecast appeared first on Verified Market Research.

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Koi Market Size And Forecast

Koi Market was valued at approximately USD 1.2 Billion in 2024 and is anticipated to reach USD 1.8 Billion by 2031, growing at a CAGR of about 5.2% from 2024 to 2031.

  • Koi are ornamental varieties of the common carp, scientifically known as Cyprinus carpio, that have been selectively bred for their vibrant colors and unique patterns.
  • Koi originated in Japan, where they were initially raised for food but later cultivated for their aesthetic appeal, leading to the development of various color mutations over time.
  • Koi are known for their robust bodies and can display a wide range of colors, including white, black, red, yellow, and blue. They are characterized by their forked tails and can grow quite large, often reaching lengths of up to 90 cm (approximately 36 inches).
  • Koi have become popular Globally as ornamental fish, often kept in garden ponds and water features due to their beauty and adaptability to various aquatic environments.

Koi Market is estimated to grow at a CAGR of 5.2% & reach US$ 1.8 Bn by the end of 2031

Global Koi Market Dynamics

The key market dynamics that are shaping the global koi market include:

Key Drivers

  • Expansion of the Aquaculture Sector: The increasing adoption of aquaculture practices, involving the breeding, growing, and gathering of ornamental fish like koi, is a primary driver of market growth. In Australia, the gross value of aquaculture production increased by 9% from 2020 to 2021, reaching USD 1.7 Billion and constituting 56% of all production.
  • Rising Demand for Attractive Species: The appeal of different koi types, known for their vibrant colors and distinctive patterns, is driving market growth. Attractive species with visually appealing characteristics are increasingly sought after by enthusiasts.
  • Cultural Significance and Historical Relevance: Koi have deep roots in Japanese culture, with a history dating back to the cultivation of black carp (Magoi) in rice paddies centuries ago. Their cultural significance and artistic appeal contribute to the growing demand for koi.
  • Evolution of Koi Shows and Competitive Events: The rise of koi shows and competitive events, such as the prestigious All Japan Koi Show, has fueled interest in high-quality koi and driven market growth. Top-end show koi can fetch hundreds of thousands of dollars.
  • Increasing Adoption Across Commercial, Retail, and Residential Applications: Koi are being increasingly utilized across diverse applications, including commercial, retail, and residential settings, further expanding the market.

Key Market Challenges:

  • Vulnerability to Diseases: Koi fish are susceptible to a range of diseases, including bacterial, fungal, and parasitic infections. Poor water quality, temperature fluctuations, and stress can compromise their immune systems, leading to outbreaks that can significantly affect the population and market demand. For instance, common diseases like Koi Herpesvirus Disease (KHV) can devastate koi populations.
  • High Costs of Quality Specimens: The expense associated with purchasing high-quality koi fish can be a barrier for many potential buyers. Beautiful and rare specimens often come with hefty price tags, limiting the market to affluent hobbyists and collectors. This exclusivity can restrict overall market growth.
  • Market Saturation: As more breeders enter the koi market, particularly in regions with established aquaculture practices, there is a risk of market saturation. This can lead to increased competition and potentially lower prices for koi fish, impacting profitability for breeders.
  • Consumer Education: There is a need for greater consumer education regarding koi care and maintenance. Misunderstandings about the requirements for keeping koi healthy can lead to high mortality rates among fish sold to inexperienced hobbyists, which may negatively affect overall demand.

Key Trends:

  • Rising Popularity of Ornamental Fishkeeping: There is an increasing interest in ornamental fishkeeping, particularly among urban dwellers creating small koi ponds or water gardens. This trend is driven by the aesthetic appeal of koi and their therapeutic benefits, as many people find watching koi relaxing and stress-relieving .
  • Diverse Species Demand: Attractive koi species, such as Kohaku and Showa Sanke, are gaining popularity. Kohaku remains the dominant variety due to its classic appeal, while Showa Sanke is noted as the fastest-growing category due to its striking color patterns .
  • Technological Advancements in Breeding: Innovations in breeding techniques are enhancing the quality and variety of koi available in the market. This includes genetic selection for desirable traits, which attracts more collectors and hobbyists .
  • Expansion of Online Sales: The growth of e-commerce platforms has made it easier for consumers to purchase koi fish and related products. This trend is expected to continue as more people turn to online shopping for convenience.

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Global Koi Market Regional Analysis

Here is a more detailed regional analysis of the global koi market:

Asia Pacific:

  • Asia Pacific region accounted for a significant global Koi market share. Koi have deep roots in Asian culture, particularly in Japan, China, and Korea. They are revered for their symbolic meaning and are widely featured in art, architecture, and garden design. This cultural appreciation drives strong demand for koi in the region.
  • Countries like Japan have centuries-old traditions of koi breeding, leading to the development of prized varieties. Japanese breeders are renowned for their expertise and focus on quality, contributing to the region’s dominance in the market.
  • Increasing disposable incomes in countries like China and Japan enable more consumers to purchase high-quality koi, further fueling market growth.
  • Some governments in Asia Pacific, such as China, provide subsidies and incentives to promote the aquaculture industry, including koi breeding. This support helps drive market growth.

North America:

  • North America accounts for approximately 30% of the global koi market, making it a significant player after the Asia Pacific region, which holds the largest share.
  • The popularity of koi as ornamental fish is increasing in North America, driven by a rising interest in home aquariums and outdoor ponds. This trend is supported by a growing community of koi enthusiasts and hobbyists.
  • The influence of Japanese culture and aesthetics has contributed to the appreciation of koi in North America, with many consumers seeking to incorporate these beautiful fish into their gardens and landscapes.
  • The rise of online sales channels has made it easier for consumers to purchase koi fish and related products, further driving market growth in the region.

Global Koi Market: Segmentation Analysis

The Global Koi Market is Segmented on the Basis of Type, Application, And Geography.

Koi Market Segmentation Analysis

Koi Market, By Type

  • KOHAKU
  • TAISHO SANKE
  • SHOWA SANKE
  • Others

Based on Type, the market is segmented into KOHAKU, TAISHO SANKE, SHOWA SANKE, and Others. KOHAKU is recognized as the most popular and sought-after koi variety, distinguished by its striking red and white pattern. Its aesthetic appeal and traditional significance contribute to its dominance in the market.

Koi Market, By Application

  • Commercial
  • Retail

Based on Application, the market is segmented into Commercial, Retail. The retail segment holds the highest market share in the global koi market, primarily driven by consumer interest in keeping koi as decorative pets. This segment caters to a wide range of customers, from seasoned enthusiasts to first-time buyers.

Koi Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

On the basis of Geography, the global Koi market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific region accounted for a significant global Koi market share. Koi have deep roots in Asian culture, particularly in Japan, China, and Korea. They are revered for their symbolic meaning and are widely featured in art, architecture, and garden design. This cultural appreciation drives strong demand for koi in the region.

Key Players

The “Global Koi Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Liuji, Jiahe Tianyuan, Wanjin, Haojin, Chongqing Shanghua, Guangzhou Zhengda Aquatic, Marusei Koi Farm, Dainichi Koi Farm, Sakai Fish Farm, Ogata Koi Farm, Isa Koi Farm, Matsue Koi Farm, Omosako Koi Far, Konishi Koi Farm, Hiroi Koi Farm, among others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Koi Market Recent Developments

Koi Market Key Developments

  • In January 2023, Jiahe Tianyuan announced the expansion of its koi breeding facilities to enhance production capacity. This initiative aims to meet the growing demand for high-quality koi fish, particularly in domestic and international markets.
  • In May 2023, Dainichi Koi Farm announced the launch of its new online sales platform, making it easier for customers worldwide to purchase their high-quality koi. This initiative aims to expand their reach and cater to the growing demand for convenient shopping experiences.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Liuji, Jiahe Tianyuan, Wanjin, Haojin, Chongqing Shanghua, Guangzhou Zhengda Aquatic, Marusei Koi Farm, Dainichi Koi Farm, Sakai Fish Farm, Ogata Koi Farm, Isa Koi Farm, Matsue Koi Farm, Omosako Koi Far, Konishi Koi Farm, Hiroi Koi Farm, among others.

SEGMENTS COVERED
  • By Type
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

The Koi Market was valued at approximately USD 1.2 Billion in 2024 and is anticipated to reach USD 1.8 Billion by 2031, growing at a CAGR of about 5.2% from 2024 to 2031.
The aesthetic attractiveness of Koi fish, its historical and symbolic value, innovations in breeding methods, the growing popularity of ornamental fishkeeping, worldwide commerce and export, and rising disposable wealth in emerging nations all drive the Koi business.
The major players of the industry are Liuji, Jiahe Tianyuan, Wanjin, Haojin, Chongqing Shanghua, Guangzhou Zhengda Aquatic, Marusei Koi Farm, Dainichi Koi Farm, Sakai Fish Farm, Ogata Koi Farm, Isa Koi Farm, Matsue Koi Farm, Omosako Koi Far, Konishi Koi Farm, Hiroi Koi Farm, among others.
The Global Koi Market is Segmented on the Basis of Type, Application, And Geography.
The sample report for the Koi Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Global Koi Market Size By Type (KOHAKU, TAISHO SANKE), By Application (Commercial, Retail), By Geography Scope And Forecast appeared first on Verified Market Research.

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Feed Additives Market Size By Type (Amino Acids, Vitamins, Minerals, Enzymes, Probiotics), By Livestock (Poultry, Swine, Ruminants, Aquaculture), By Form (Dry, Liquid), By Geographic Scope And Forecast https://www.verifiedmarketresearch.com/product/feed-additives-market/ Mon, 30 Sep 2024 21:15:58 +0000 https://www.verifiedmarketresearch.com/product/feed-additives-market/ According to Verified Market Research, The Global Feed Additives Market size was valued at USD 45.01 Billion in 2024 and is projected to reach USD 68.29 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.

The post Feed Additives Market Size By Type (Amino Acids, Vitamins, Minerals, Enzymes, Probiotics), By Livestock (Poultry, Swine, Ruminants, Aquaculture), By Form (Dry, Liquid), By Geographic Scope And Forecast appeared first on Verified Market Research.

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Feed Additives Market Size and Forecast

Feed Additives Market size was valued at USD 45.01 Billion in 2024 and is projected to reach USD 68.29 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.

  • Feed additives are nutritional supplements that are added to animal feed to improve the quality of feed and enhance animal health, performance, and productivity.
  • These additives are utilized to supplement essential nutrients that lacking in base animal feed ingredients.
  • Furthermore, common uses for feed additives include improving feed efficiency, promoting animal growth, preventing and controlling diseases, and enhancing the overall quality of animal-derived food products.

Feed Additives Market is estimated to grow at a CAGR of 5.90% & reach US$ 68.29 Bn by the end of 2031

Feed Additives Market Dynamics

The key market dynamics that are shaping the feed additives market include:

Key Market Drivers

  • Rising Demand for Meat and Livestock Products: The growing worldwide population and meat consumption have increased demand for high-quality animal feed, hence driving the feed additives market. According to the Food and Agriculture Organization (FAO), worldwide meat output is expected to increase to 377 million tonnes by 2030, up from 337 million tonnes in 2020. The growing demand for meat products directly increases the requirement for feed additives to improve animal nutrition and productivity.
  • Stringent Regulations on Animal Health and Feed Quality: Governments around the world are enacting strict laws to safeguard animal health and food safety, encouraging the use of feed additives to maintain high feed quality standards. For example, the European Union’s law on medicated feed (law (EU) 2019/4) mandates the use of acceptable additives to enhance animal growth while ensuring food safety for humans. This regulatory pressure is a primary driver of the feed additives business, as companies strive to meet rising standards.
  • Growing Awareness of Feed Efficiency and Animal Nutrition: The growing understanding of the benefits of optimal animal nutrition and feed efficiency is increasing demand for feed additives that improve feed conversion rates and overall animal health. According to the United States Department of Agriculture (USDA), improvements in feed efficiency have the potential to cut feed costs by up to 15%, making feed additives an appealing investment for livestock producers looking for cost-effective ways to increase productivity.

Key Challenges:

  • Stringent Regulatory Environment: The feed additives industry is subject to strict regulations regarding product safety, efficacy, and environmental impact. Compliance with these regulations is costly and time-consuming, potentially hindering market growth and innovation.
  • Fluctuating Raw Material Prices: Many feed additives are derived from agricultural commodities or synthetic chemicals whose prices are volatile. These price fluctuations impact production costs and profit margins for manufacturers, creating challenges for market stability.

Key Trends:

  • Shift Towards Natural and Organic Additives: A growing preference for natural and organic feed additives is observed as consumers demand more natural and sustainable food production methods. This trend is driving research and development into plant-based additives and probiotic solutions.
  • Precision Livestock Farming: The integration of technology in livestock farming is leading to more precise and tailored use of feed additives. Data-driven approaches are used to optimize additive formulations based on specific animal needs and environmental conditions.
  • Antibiotic Alternatives: With increasing regulations on antibiotic use in animal feed, alternatives such as organic acids, probiotics, and phytogenics are gaining popularity. These products are developed to promote animal health and growth without contributing to antibiotic resistance.

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Feed Additives Market Regional Analysis

The regional analysis of the feed additives market is provided here:

Asia Pacific:

  • According to Verified Market Research, Asia Pacific is estimated to dominate the feed additives market over the forecast period. The Asia-Pacific region is experiencing rapid growth in livestock production due to increasing urbanization, rising income levels, and growing demand for animal-based protein. According to the Food and Agriculture Organization (FAO), Asia accounted for over 45% of the global meat production in 2020, driven by China, India, and Vietnam. This surge in livestock production is fueling the demand for feed additives to enhance animal growth, nutrition, and feed efficiency.
  • Governments in the Asia-Pacific region are increasingly emphasizing animal health and disease prevention, encouraging the use of feed additives to improve animal immunity and prevent disease outbreaks. For instance, the Ministry of Agriculture and Rural Affairs of China reported in 2022 that China’s feed additive market grew by 12% due to heightened regulatory measures aimed at reducing antibiotic use in animal feed. These efforts are driving the adoption of alternative additives such as probiotics and enzymes to maintain livestock health.
  • Furthermore, rising awareness among farmers about the benefits of nutrient-rich and fortified animal feed is boosting the demand for feed additives in the Asia-Pacific region. According to the India Brand Equity Foundation (IBEF), India’s compound feed market, which includes feed additives, is projected to grow at a CAGR of 8% between 2022 and 2027, driven by increased adoption of enhanced feeding practices among poultry and dairy farmers. This trend is pushing feed additive producers to innovate and expand in the region.

North America:

  • The North American region is projected to exhibit the highest growth rate in the feed additives market during the forecast period. The growing demand for meat, dairy, and poultry products in North America is a major driver of the feed additives market. The U.S. Department of Agriculture (USDA) reported that per capita meat consumption in the U.S. reached 225 pounds in 2023, one of the highest globally. This increasing consumption necessitates efficient livestock production, driving the use of feed additives to enhance animal health, productivity, and feed conversion efficiency.
  • The North American region is characterized by stringent regulations regarding feed quality and safety, pushing the adoption of feed additives to meet these high standards. The Food and Drug Administration (FDA) oversees the safety of animal feed, including the use of additives, under the Food Safety Modernization Act (FSMA). Compliance with these regulations has led to increased usage of safe, high-quality feed additives that promote animal growth while adhering to safety protocols.
  • Furthermore, there is growing awareness in North America about sustainable livestock production, which emphasizes reducing the environmental impact of animal farming. According to the North American Feed Industry Association, the adoption of feed additives, such as enzymes and amino acids, improves feed efficiency by up to 10%, reducing feed waste and greenhouse gas emissions. This push towards sustainable farming practices is driving the market for innovative feed additives in the region.

Feed Additives Market: Segmentation Analysis

The Feed Additives Market is segmented based on Type, Livestock, Form, and Geography.

Feed Additives Market Segmentation Analysis

Feed Additives Market, By Type

  • Amino Acids
  • Vitamins
  • Minerals
  • Enzymes
  • Probiotics
  • Others

Based on Type, the market is segmented into Amino Acids, Vitamins, Minerals, Enzymes, Probiotics, and Others. The amino acids segment is estimated to dominate the feed additives market due to their crucial role in animal nutrition and growth. Amino acids are essential for protein synthesis, which is fundamental for muscle development, milk production, and overall animal health. The increasing demand for high-quality animal protein is driving the use of amino acid supplements to optimize feed efficiency and animal performance. Additionally, the growing trend of reducing crude protein levels in animal diets while maintaining productivity is further boosting the demand for specific amino acids. While other additives like vitamins and minerals are also important, the versatility and direct impact of amino acids on animal growth and productivity are cementing their dominant position in the market.

Feed Additives Market, By Livestock

  • Poultry
  • Swine
  • Ruminants
  • Aquaculture
  • Others

Based on Livestock, the market is divided into Poultry, Swine, Ruminants, Aquaculture, and Others. The poultry segment is projected to grow at the highest CAGR in the feed additives market. This rapid growth is attributed to the increasing global consumption of poultry meat and eggs, driven by their affordability and perceived health benefits. The poultry industry’s high level of intensification and standardization makes it particularly receptive to feeding additives that improve bird health, growth rates, and feed conversion efficiency. Moreover, the short production cycle of poultry compared to other livestock allows for quicker adoption and observable results from feed additive use. The growing demand for antibiotic-free poultry products is also stimulating the use of alternative growth promoters and health-enhancing additives in poultry feed.

Feed Additives Market, By Form

  • Dry
  • Liquid

Based on Form, the market is segmented into Dry and Liquid. The dry form segment is estimated to dominate the feed additives market over the forecast period. Dry feed additives offer several advantages that contribute to their market dominance. They typically have a longer shelf life and are easier to store and transport compared to liquid forms. Dry additives are easily mixed with other feed ingredients, allowing for more precise dosing and uniform distribution in animal feed. They are also generally more stable and less prone to degradation, ensuring that the active ingredients remain effective over time. While liquid additives have certain applications, particularly in water-soluble supplements, the versatility, ease of handling, and cost-effectiveness of dry feed additives make them the preferred choice for most livestock producers and feed manufacturers.

Feed Additives Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on Geography, the feed additives market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is estimated to dominate the market during the forecasted period due to its rapidly expanding livestock industry, particularly in countries like China and India. The region’s large and growing population is driving increased demand for animal-derived food products, necessitating more efficient livestock production methods. This trend is boosting the adoption of feed additives to improve animal health, growth rates, and feed efficiency. Additionally, rising awareness about food safety and quality in the Asia Pacific region is prompting livestock producers to use advanced feed additives that enhance the nutritional profile of animal products. The modernization of farming practices in many Asian countries, coupled with increasing investments in animal husbandry, is further fueling the growth of the feed additives market in this region.

Key Players

The “Feed Additives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cargill, Incorporated, ADM, Kemin Industries, Inc., Alltech, Nutreco N.V., Charoen Pokphand Foods PCL, Evonik Industries AG, Novozymes A/S, BASF SE, and Chr. Hansen Holding A/S.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Feed Additives Market Recent Developments

Feed Additives Market Key Developments

  • In March 2023, Evonik opened a new methionine production plant in Singapore. This plant is expected to improve the company’s position in the amino acid industry for animal nutrition.
  • In January 2023, ADM and New Culture launched a strategic alliance aimed at developing alternative dairy products. This collaboration intends to use ADM’s expertise in taste innovation and food formulation to improve New Culture’s animal-free dairy options.
  • In November 2022, Cargill finalized the acquisition of IQI Petfood, which expanded its footprint in the European pet food industry. This deal is intended to increase Cargill’s position in the premium pet food category and broaden its product offerings.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Units

Value in USD Billion

Key Players

Cargill, Incorporated, ADM, Kemin Industries, Inc., Alltech, Nutreco N.V., Charoen Pokphand Foods PCL, Evonik Industries AG, Novozymes A/S, BASF SE, and Chr. Hansen Holding A/S.

Segments Covered

By Type, By Livestock, By Form, By Geography

Customization scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Feed Additives Market size was valued at USD 45.01 Billion in 2024 and is projected to reach USD 68.29 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.
Feed additives are defined as substances, microorganisms, or preparations that are added to animal feedback to enhance its quality, nutritional value, or shelf life. The major use of feed additives is to optimize animal development and performance. Growth promoters such as antibiotics and hormone-like compounds have long been used to boost animal growth rates and feed conversion ratios.
The major players are Cargill, Incorporated, ADM, Kemin Industries, Inc., Alltech, Nutreco N.V., Charoen Pokphand Foods PCL, Evonik Industries AG, Novozymes A/S, BASF SE, and Chr. Hansen Holding A/S.
The Global Feed Additives Market is segmented on the basis of Type, Form, Livestock, And Geography.
The sample report for the Feed Additives Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Feed Additives Market Size By Type (Amino Acids, Vitamins, Minerals, Enzymes, Probiotics), By Livestock (Poultry, Swine, Ruminants, Aquaculture), By Form (Dry, Liquid), By Geographic Scope And Forecast appeared first on Verified Market Research.

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Feed Phytogenics Market By Product Type (Essential Oils, Herbs & Spices), Livestock (Poultry, Swine), Function (Performance Enhancers, Palatability Enhancers), & Region for 2024-2031 https://www.verifiedmarketresearch.com/product/feed-phytogenics-market/ Mon, 30 Sep 2024 09:14:38 +0000 https://www.verifiedmarketresearch.com/product/feed-phytogenics-market/ According to Verified Market Research, The Global Feed Phytogenics Market was valued at USD 846.19 Million in 2024 and is projected to reach USD 1460.45 Million by 2031, growing at a CAGR of 7.06% from 2024 to 2031.

The post Feed Phytogenics Market By Product Type (Essential Oils, Herbs & Spices), Livestock (Poultry, Swine), Function (Performance Enhancers, Palatability Enhancers), & Region for 2024-2031 appeared first on Verified Market Research.

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Feed Phytogenics Market Valuation – 2024-2031

Growing consumer preference for natural and plant-based feed additives drives the adoption of phytogenic. Phytogenics are valued for their ability to improve digestion, boost immunity, and reduce disease incidence in livestock is driving the market size to surpass USD 846.19 Million in 2024 to reach a valuation of around USD 1460.45 Million by 2031.

In addition to this, increasing regulatory approvals and support for the use of plant-based feed additives in various regions promote the growth of the phytogenics market to grow at a CAGR of 7.06% from 2024 to 2031.

Feed Phytogenics Market is estimated to grow at a CAGR of 7.06% & reach US$ 1460.45 Mn by the end of 2031

Feed Phytogenics Market: Definition/ Overview

Feed phytogenics are natural plant-derived additives used in animal feed to enhance health, performance, and overall well-being of livestock. They include herbs, spices, essential oils, and other plant extracts known for their beneficial properties. These additives are used to improve digestion, boost immunity, and offer antimicrobial benefits, all contributing to better animal productivity and health.

Phytogenics are applied in various animal feed formulations to address specific needs. For instance, they can enhance feed intake, optimize nutrient utilization, and promote gut health in poultry, cattle, and swine. Additionally, phytogenics help reduce the reliance on antibiotics and synthetic additives, aligning with the growing trend towards natural and sustainable farming practices.

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How will Growing Demand for Natural Growth Promoters Increase Adoption of Feed Phytogenics?

The growing demand for natural growth promoters in animal feed is a key driver of the feed phytogenics market. As consumers increasingly prefer meat from animals raised without synthetic additives, farmers are turning to phytogenic feed additives as natural alternatives. These plant-based compounds can improve animal health and performance while meeting consumer demands for clean-label products. According to the U.S. Department of Agriculture, organic livestock and poultry product sales increased by 9% in 2022 compared to the previous year. This trend reflects the growing preference for naturally raised animals.

Increasing concerns about antibiotic resistance are propelling the adoption of feed phytogenics. With many countries implementing stricter regulations on antibiotic use in animal production, phytogenic feed additives are emerging as effective alternatives for maintaining animal health and productivity. These natural compounds can support immune function and help reduce the need for antibiotics in livestock production. The World Health Organization reported that antibiotic use in food-producing animals decreased by 15% globally between 2018 and 2022. This reduction highlights the shift towards alternative solutions like phytogenics.

The focus on improving feed efficiency and reducing environmental impact is driving the Feed Phytogenics Market growth. Phytogenic feed additives can enhance nutrient utilization, potentially reducing feed costs and minimizing the environmental footprint of animal production. These benefits are particularly crucial as the livestock industry faces pressure to increase sustainability. For instance, DSM announced in July 2023 the expansion of its phytogenic feed additive portfolio, introducing new formulations designed to improve feed conversion ratios and reduce methane emissions in ruminants.

Will Limited Availability and Inconsistent Quality of Raw Materials of Feed Phytogenics Restrain Its Market Growth?

Limited availability and inconsistent quality of raw materials also present challenges. The supply of high-quality plant-based ingredients can be unpredictable, and variations in quality can affect the efficacy of the final feed product. This inconsistency can deter feed manufacturers from fully committing to phytogenic additives, impacting market growth.

Regulatory hurdles can further constrain the market. While there is increasing acceptance of phytogenics, the approval process for new additives can be lengthy and complex. Different regions have varying regulatory requirements, which can complicate the process for manufacturers seeking to introduce new phytogenic products to the market.

There is also a lack of extensive scientific research and data supporting the benefits of some phytogenics. The effectiveness of certain plant-based additives may not be fully validated, leading to skepticism among farmers and feed producers. This gap in scientific evidence can hinder wider adoption and investment in phytogenic feed solutions.

Category-Wise Acumens

Which Factors are Contributing the Poultry Segment Dominance in Feed Phytogenics Market?

The poultry segment is dominating the feed phytogenics market, driven by the increasing global demand for poultry products and the need for natural growth promoters in intensive production systems. Phytogenic feed additives have shown significant benefits in improving feed efficiency, enhancing gut health, and boosting the immune system of poultry. These factors contribute to better growth performance and reduced mortality rates in chickens and other poultry species. For instance, Kemin Industries announced in May 2023 the launch of a new phytogenic feed additive specifically formulated for broiler chickens, aimed at improving gut health and overall performance.

The poultry industry’s shift away from antibiotic growth promoters has further propelled the adoption of feed phytogenics in this segment. With increasing regulations on antibiotic use in animal production, poultry farmers are turning to natural alternatives to maintain productivity and animal health. Phytogenic feed additives offer a promising solution, providing antimicrobial and anti-inflammatory properties without contributing to antibiotic resistance.

How will the Health and Wellness Promoters Segment Fare in Feed Phytogenics Market?

Health and wellness promoters are dominating the feed phytogenics market, driven by the increasing focus on animal welfare and the demand for natural solutions to enhance livestock health. These phytogenic additives, derived from herbs, spices, and other plants, offer a wide range of benefits including improved immune function, better gut health, and enhanced overall well-being of animals. Their ability to support animal health without the use of synthetic chemicals aligns with the growing consumer preference for natural and sustainably produced animal products.

The rising concern over antibiotic resistance has further propelled the dominance of Health and Wellness Promoters in the Feed Phytogenics Market. As regulatory bodies worldwide impose stricter regulations on antibiotic use in animal production, farmers are turning to phytogenic alternatives to maintain herd health and productivity. These natural additives can help reduce the need for antibiotics by supporting the animal’s natural defense mechanisms and promoting a balanced gut microbiome. The World Health Organization reported a 15% global reduction in antibiotic use in food-producing animals between 2018 and 2022, highlighting the shift towards alternative health management strategies.

Gain Access into Feed Phytogenics Market Report Methodology

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Country/Region-wise Acumens

Will Rapid Urbanization and Changing Dietary Preferences Enhance Adoption of Feed Phytogenics in Asia Pacific?

The Asia-Pacific region has established itself as the dominant force in the global feed phytogenics market, driven by increasing awareness of animal health and rising demand for natural feed additives. This growth is supported by government initiatives promoting sustainable livestock farming practices across the region. According to the Food and Agriculture Organization (FAO), livestock production in Asia is projected to grow by 80% between 2006 and 2050, significantly boosting the demand for feed additives.

China and India are spearheading growth in the Asia-Pacific feed phytogenics market, with rapid urbanization and changing dietary preferences fueling the demand for high-quality animal products. The Indian Ministry of Agriculture reported that the country’s compound feed production reached 28 million tons in 2020, a 6% increase from the previous year. This trend is expected to continue as consumers become more health-conscious and demand for premium meat products rises. Cargill, another major player in the market, expanded its animal nutrition production capacity in India in late 2022, demonstrating the region’s growing importance in the global feed phytogenics landscape.

Will Push for Antibiotic-Free Meat Production in North America Drive Feed Phytogenics Market Growth?

North America is experiencing rapid growth in the feed phytogenics market, driven by increasing consumer demand for natural and organic animal products. This trend is reshaping the livestock industry, with farmers and feed producers seeking innovative solutions to enhance animal health and performance naturally. According to the U.S. Department of Agriculture, organic food sales in the United States reached USD 57.5 Billion in 2021, a 13% increase from the previous year, indicating a strong consumer preference for organic products.

The push for antibiotic-free meat production is a significant factor driving the adoption of feed phytogenics in North America. Regulatory changes and consumer preferences are compelling livestock producers to seek alternatives to antibiotics for growth promotion and disease prevention. The U.S. Food and Drug Administration reported that domestic sales and distribution of medically important antimicrobials for use in food-producing animals decreased by 38% between 2015 and 2021.

Competitive Landscape

The feed phytogenics market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the feed phytogenics market include:

  • Cargill, Inc.
  • BASF SE
  • DuPont de Nemours, Inc.
  • Kemin Industries, Inc.
  • DSM Nutritional Products
  • Pancosma SA
  • Naturex S.A.
  • Ginkgo BioWorks, Inc.
  • Eligo Bioscience
  • PhytoFeed
  • Delacon Biotechnik GmbH
  • I. du Pont de Nemours and Company
  • Symrise AG
  • Herbalife Nutrition Ltd.
  • A&B Ingredients
  • Austrianova International
  • AgriMark
  • Vital Solutions
  • Diana Group
  • Beneo GmbH

Latest Developments

Feed Phytogenics Market Key Developments And Mergers

 

  • In August 2024, DSM and Ginkgo Bioworks announced a strategic partnership to advance the development of innovative phytogenic feed additives aimed at enhancing livestock health and performance.
  • In July 2024, Cargill launched a new line of phytogenic feed supplements that utilize proprietary extraction technologies to improve digestion and nutrient absorption in poultry and swine.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~7.06%from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product Type
  • Livestock
  • Function
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Cargill, Inc., BASF SE, DuPont de Nemours, Inc., Kemin Industries, Inc., DSM Nutritional Products, Pancosma SA, Naturex S.A., Ginkgo BioWorks, Inc., Eligo Bioscience, PhytoFeed, Delacon Biotechnik GmbH, I. du Pont de Nemours and Company, Symrise AG, Herbalife Nutrition Ltd., A&B Ingredients, Austrianova International, AgriMark, Vital Solutions, Diana Group, Beneo GmbH

Customization

Report customization along with purchase available upon request

Research Methodology of Verified Market Research:

Research Methodology of VMRTo know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Growing consumer preference for natural and plant-based feed additives is propelling the demand for adoption of feed phytogenics market.
The feed phytogenics market is estimated to grow at a CAGR of 7.06% during the forecast period.
The feed phytogenics market was valued at around USD 846.19 Million in 2024.
The Global Feed Phytogenics Market is segmented on the basis of Product Type, Livestock, Function, And Geography.
The sample report for the Feed Phytogenics Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Feed Phytogenics Market By Product Type (Essential Oils, Herbs & Spices), Livestock (Poultry, Swine), Function (Performance Enhancers, Palatability Enhancers), & Region for 2024-2031 appeared first on Verified Market Research.

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Feed Antioxidants Market Size By Type (Synthetic, Natural), By Source (Plant-based, Animal-based), By Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets, Equine), By Geographic Scope And Forecast https://www.verifiedmarketresearch.com/product/feed-antioxidants-market/ Thu, 26 Sep 2024 09:38:45 +0000 https://www.verifiedmarketresearch.com/product/feed-antioxidants-market/ According to Verified Market Research, The Global Feed Antioxidants Market size was valued at USD 374.31 Million in 2024 and is projected to reach USD 504.44 Million by 2031, growing at a CAGR of 3.80% from 2024 to 2031.

The post Feed Antioxidants Market Size By Type (Synthetic, Natural), By Source (Plant-based, Animal-based), By Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets, Equine), By Geographic Scope And Forecast appeared first on Verified Market Research.

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Feed Antioxidants Market Size and Forecast

Feed Antioxidants Market size was valued at USD 374.31 Million in 2024 and is projected to reach USD 504.44 Million by 2031, growing at a CAGR of 3.80% from 2024 to 2031.

  • Feed antioxidants are substances that prevent oxidation and preserve food quality, especially in animal feed. They work by neutralizing free radicals and avoiding oxidative stress, which can result in rancidity and spoiling. Common uses for feed antioxidants include extending the shelf life of animal feed, boosting the nutritional content of livestock meals, and supporting general animal health by minimizing oxidative damage.
  • Natural antioxidants like vitamin E, selenium, and plant extracts are frequently favored over synthetic counterparts because they are safer and more effective. These antioxidants not only aid in preserving feed, but they also contribute to improved growth performance and health in livestock by countering oxidative stress induced by environmental and metabolic variables.

Feed Antioxidants Market is estimated to grow at a CAGR 3.80% & reach USD 504.44 Mn by the end of 2031

Global Feed Antioxidants Market Dynamics

The key market dynamics that are shaping the feed antioxidants market include:

Key Market Drivers

  • Increasing Global Meat Consumption: The growing demand for meat products is boosting the demand for feed antioxidants, which increase animal health and meat quality. According to the Food and Agriculture Organization (FAO), worldwide meat output is expected to reach 366 million tons in 2029, up 13% over the 2017-2019 baseline period. This rise in meat production needs a greater usage of feed antioxidants to preserve animal health and product quality.
  • Growing Awareness of Animal Health and Welfare: Animal health and welfare are becoming increasingly important, which is encouraging the use of feed additives such as antioxidants. According to the World Organization for Animal Health (OIE), 182 member nations had enacted animal welfare standards by 2023, up 15% from 2018. The rising emphasis on animal welfare is driving up demand for feed antioxidants, which promote overall animal health.
  • Rising Aquaculture Production: The increasing aquaculture industry is a major driver of feed antioxidants. The World Bank projected that aquaculture production will increase by 32% between 2018 and 2030, reaching 109 million tons. This increase in aquaculture needs the use of more feed antioxidants to preserve fish health and improve aquaculture product quality.

Key Challenges:

  • Competition from Alternative Products: The emergence of probiotics and feed enzymes as substitutes for feed antioxidants poses a danger to market expansion. These alternatives are frequently seen as more favorable to animal health, resulting in a shift in customer preferences. As farmers seek holistic solutions for animal nutrition, demand for traditional feed antioxidants diminishes, prompting market innovation and adaptability to maintain relevance and share.

Key Trends:

  • Growing Preference for Natural Antioxidants: Customers are switching from synthetic to natural feed antioxidants as they grow more health-conscious because they are concerned about the possible negative effects of synthetic alternatives. Natural antioxidants, such as tocopherols and ascorbic acid, are becoming increasingly popular due to their non-toxic nature and efficacy in boosting animal health and feed quality, fueling market demand.
  • Increased Focus on Sustainability: Manufacturers are prioritizing ecologically friendly methods, such as obtaining sustainable raw materials and producing waste-reducing products. This trend is consistent with global attempts to lessen the environmental effect of cattle farming, as consumers and regulatory agencies advocate for more sustainable food production practices, such as the usage of antioxidants, which lead to longer shelf life and less spoiling.
  • Expansion of the Aquaculture Sector: The rise of the aquaculture industry has a considerable impact on the feed antioxidants market. With expanding global demand for seafood and aquaculture products, there is a greater need for high-quality feed that improves growth rates and nutritional value in fish and other aquatic species. Feed antioxidants play an important role in maintaining feed quality and reducing oxidation, making them critical to the aquaculture industry’s growth and sustainability.

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Global Feed Antioxidants Market Regional Analysis

Here is a more detailed regional analysis of the feed antioxidants market:

Asia Pacific:

  • According to Verified Market Research, the Asia Pacific region is estimated to dominate the market over the forecast period. The Asia Pacific region has experienced a major increase in meat consumption, which is pushing up demand for feed antioxidants to improve animal health and meat quality. According to the Food and Agriculture Organization (FAO), Asia’s meat consumption is expected to rise by 19% between 2018 and 2028, reaching 144 million tons. Because of the significant increase in meat consumption, the region’s livestock industry will need to employ more feed antioxidants to preserve product quality and animal health.
  • Furthermore, growing awareness of animal health and the need to improve livestock productivity is driving up the use of feed antioxidants in the region. According to the World Organization for Animal Health (OIE), 85% of Asia Pacific countries had national animal health strategies in place by 2023, up 25% from 2018. This renewed emphasis on animal health is boosting demand for feed additives, especially antioxidants, to improve animal well-being and productivity in the region’s rapidly expanding livestock sector.

North America:

  • North America is estimated to exhibit substantial growth within the market during the forecast period. North American customers are increasingly demanding high-quality meat products, necessitating the use of feed antioxidants to improve meat quality and extend shelf life. The United States Department of Agriculture (USDA) reports that per capita meat consumption in the United States reached a record high of 225.4 pounds per person in 2023, up 2.3% from 2022. The increasing demand for meat products is driving up the usage of feed antioxidants to maintain product quality and extend shelf life.
  • Furthermore, the North American aquaculture industry is rapidly expanding, creating the need for feed antioxidants. According to the National Oceanic and Atmospheric Administration (NOAA), U.S. aquaculture production climbed by 8% per year between 2019 and 2023, totaling $1.8 billion. This increase in aquaculture production raises the demand for feed antioxidants, which help to maintain fish health and improve aquaculture product quality.

Global Feed Antioxidants Market: Segmentation Analysis

The Feed Antioxidants Market is segmented based on Type, Source, Livestock, and Geography.

Feed Antioxidants Market Segments Analysis

Feed Antioxidants Market, By Type

  • Synthetic
  • Natural

Based on Type, the market is segmented into Synthetic and Natural. The synthetic segment is estimated to dominate within the feed antioxidants market due to the consistent performance, stability, and cost-effectiveness of synthetic antioxidants such as BHT, BHA, and ethoxyquin. These chemicals are utilized because they effectively prevent oxidative deterioration in animal feed, extending shelf life and improving nutritional quality. Manufacturers and livestock producers continue to prefer synthetic solutions due to their reliability and availability.

Feed Antioxidants Market, By Source

  • Plant-based
  • Animal-based

Based on Source, the market is segmented into Plant-based and Animal-based. The plant-based segment is estimated to dominate the feed antioxidants market. This dominance is primarily driven by rising consumer demand for natural and organic animal feed, as well as increased knowledge of the health advantages of plant-derived antioxidants. Plant-based sources, such as tocopherols and rosemary extract, are preferred since they are effective at preventing oxidation while also matching with trends toward sustainability and cleaner-label products. This shift to plant-based choices is consistent with broader dietary trends and regulatory support for natural additives in livestock nutrition.

Feed Antioxidants Market, By Livestock

  • Poultry
  • Swine
  • Ruminants
  • Aquaculture
  • Pets
  • Equine

Based on Livestock, the market is segmented into Poultry, Swine, Ruminants, Aquaculture, Pets, and Equine. The poultry segment is estimated to hold the majority share in the forecast period due to the increased global demand for poultry meat and eggs. With chicken being the most consumed meat worldwide, the need for high-quality feed that improves nutritional content and minimizes spoiling has encouraged poultry farmers to increasingly use feed antioxidants. This tendency is motivated by the necessity to preserve animal health and maximize production efficiency, which has made poultry a major participant in the market.

Feed Antioxidants Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Feed Antioxidants Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is estimated to hold the largest share of the feed antioxidants market owing to its huge population and rising meat consumption. This region accounts for around 60% of the world’s population, with China and India leading in livestock production and consumption. The growing need for poultry, swine, and aquaculture products increases the demand for feed antioxidants, which improve feed quality and prevent spoiling, cementing Asia-Pacific’s dominance in this market.

Key Players

The “Feed Antioxidants Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Cargill, Koninklijke DSM N.V., Kemin, Alltech, Nutreco N.V., Adisseo France SAS, Novozymes, Beldem, Ab Vista, Dupont, and Zhejiang Medicine Co. Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Feed Antioxidants Market Recent Developments

Feed Antioxidants Market Key Developments And Mergers

  • In May 2022, the opening of new offices and a distribution center in Mexico by Kemin Industries was announced, aimed at serving Kemin Animal Nutrition with the provision of top-quality services and customized solutions.
  • In March 2022, a distribution partnership was formed by Biovet SA with Agfield, a Philippine company, which will also entail the incorporation of several products from Biovet SA’s line of pro nutrients to be distributed in the Philippines.

Report Scope

Report AttributesDetails
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

BASF SE, Cargill, Koninklijke DSM N.V., Kemin, Alltech, Nutreco N.V., Adisseo France SAS, Novozymes, Beldem, Ab Vista, Dupont, and Zhejiang Medicine Co. Ltd.

SEGMENTS COVERED

Type, Source, Livestock, and Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Feed Antioxidants Market size was valued at USD 374.31 Million in 2024 and is projected to reach USD 504.44 Million by 2031, growing at a CAGR of 3.80% from 2024 to 2031.
The growing demand for meat products is boosting the demand for feed antioxidants, which increase animal health and meat quality.
The major players are BASF SE, Cargill, Koninklijke DSM N.V., Kemin, Alltech, Nutreco N.V., Adisseo France SAS, Novozymes, Beldem, Ab Vista, Dupont, and Zhejiang Medicine Co. Ltd.
The Feed Antioxidants Market is segmented based on Type, Source, Livestock, and Geography.
The sample report for the Feed Antioxidants Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Feed Antioxidants Market Size By Type (Synthetic, Natural), By Source (Plant-based, Animal-based), By Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets, Equine), By Geographic Scope And Forecast appeared first on Verified Market Research.

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Embolic Protection Device Market By Product Type (Distal Filter Devices, Proximal Occlusion Devices, Distal Occlusion Devices), Application (Cardiovascular Diseases, Neurovascular Diseases, Peripheral Vascular Diseases), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), & Region for 2024-2031 https://www.verifiedmarketresearch.com/product/embolic-protection-device-market/ Wed, 25 Sep 2024 05:41:04 +0000 https://www.verifiedmarketresearch.com/product/embolic-protection-device-market/ According to Verified Market Research, The Global Embolic Protection Device Market size was valued at USD 586.48 Million in 2024 and is projected to reach USD 1022.85 Million by 2031, growing at a CAGR of 7.20% from 2024 to 2031.

The post Embolic Protection Device Market By Product Type (Distal Filter Devices, Proximal Occlusion Devices, Distal Occlusion Devices), Application (Cardiovascular Diseases, Neurovascular Diseases, Peripheral Vascular Diseases), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), & Region for 2024-2031 appeared first on Verified Market Research.

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Embolic Protection Device Market Valuation – 2024-2031

The need for embolic protection devices (EPDs) is increasing due to several variables, the most notable of which are the rising prevalence of cardiovascular diseases (CVDs) and the expanding use of minimally invasive surgery. Cardiovascular illnesses such as coronary artery disease, stroke, and peripheral artery disease are major sources of morbidity and mortality globally by enabling the market to surpass a revenue of USD 586.48 Million valued in 2024 and reach a valuation of around USD 1022.85 Million by 2031.

The medical field’s shift to minimally invasive procedures has greatly boosted demand for embolic protection systems. Minimally invasive methods such as transcatheter aortic valve replacement (TAVR) and carotid artery stenting are gaining popularity over traditional open surgeries due to their related benefits which include shorter recovery times, shorter hospital stays, and a lower chance of problems by enabling the market to grow at a CAGR of 7.20 % from 2024 to 2031. 

Embolic Protection Device Market is estimated to grow at a CAGR of 7.20% & reach US$ 1022.85 Mn by the end of 2031

Embolic Protection Device Market: Definition/ Overview

Embolic Protection Devices (EPDs) are medical equipment used to catch and remove debris or embolic particles that may become dislodged during cardiovascular treatments, particularly in the arteries. These devices are generally employed in procedures such as carotid artery stenting (CAS), percutaneous coronary interventions (PCI), and other vascular surgeries that have a high risk of dislodging plaque, thrombus, or other debris.

They are generally employed in cardiovascular treatments to avoid the migration of embolic debris which can lead to serious problems such as strokes or blockages in critical arteries. One of the most prominent uses for EPDs is in carotid artery stenting (CAS), a treatment used to treat carotid artery disease. The carotid arteries provide blood to the brain, and during stenting, plaque or other particles can dislodge and travel through the bloodstream, potentially causing an embolic event like a stroke.

The future use of embolic protection devices (EPDs) is expected to grow dramatically as advances in cardiovascular care and medical technology progress. EPDs are generally utilized during vascular procedures such as carotid artery stenting to collect and remove debris that may become dislodged during the intervention lowering the risk of an embolic stroke. As the world population ages and cardiovascular disease prevalence rises, there will be a greater demand for safer and more effective interventional methods.

Will the Growing Geriatric Population Drive the Embolic Protection Device Market?

The expanding geriatric population is a primary driver of the embolic protection device market. As people age, they become increasingly vulnerable to a variety of cardiovascular diseases and ailments that may necessitate interventional procedures involving embolic protection devices. According to the World Health Organization (WHO), the share of the world’s population over 60 will nearly double between 2015 and 2050 from 12% to 22%. This equates to an increase of 900 million to 2 billion persons over the age of 60. In the United States alone, the Census Bureau predicts that by 2030, all baby boomers will be above the age of 65 growing the elder population to one in every five individuals.

This generational transition has major consequences for the embolic protection device market. According to the Centers for Disease Control and Prevention (CDC), heart disease continues to be the top cause of death among persons aged 65 and older accounting for 25% of all fatalities in this age range. Furthermore, the American Heart Association reports that the incidence of stroke doubles with each decade of life after the age of 55. These statistics show the senior population’s higher risk of cardiovascular events which frequently require treatments such as carotid artery stenting or transcatheter aortic valve replacement (TAVR). Research published in the Journal of the American College of Cardiology discovered that using embolic protection devices during TAVR treatments decreased the risk of stroke by 57%.

Will Stringent Regulatory Framework Hamper the Embolic Protection Device Market?

Stringent regulatory frameworks can significantly impede the growth of the embolic protection device (EPD) market. EPDs are crucial for reducing embolic events during cardiovascular procedures, especially in patients having carotid artery stenting or transcatheter aortic valve replacement. However, due to the highly regulated nature of the medical device industry, manufacturers must navigate complex regulatory processes which can cause new product release delays. Regulatory authorities such as the United States Food and Drug Administration (FDA) and the European Medicines Agency (EMA) set stringent requirements to ensure the safety and efficacy of these devices. These restrictions necessitate rigorous clinical trials thorough documentation, and ongoing post-market surveillance which can be time-consuming and expensive.

Regulations vary among regions which can complicate the business situation. While the European Union’s Medical Device Regulation (MDR) has imposed stronger standards for clinical evidence and post-market inspection, the FDA’s emphasis on pre-market approval and continuing monitoring creates a difficult environment for companies wanting to expand abroad. This mismatch might cause product launch delays and increased compliance costs limiting market expansion. Furthermore, the necessity for continual updates to suit changing rules might tap resources away from R&D restricting innovation even further. While these tight standards are vital for patient safety, they can unintentionally slow down the availability of novel and potentially life-saving embolic protection technologies limiting their adoption and slowing the overall expansion.

Category-Wise Acumens

Will Adoption and Effectiveness in Various Cardiovascular Procedures Drive Growth in the Product Type Segment?

Distal filter devices are currently the most dominant product type due to their broad use and effectiveness in a variety of cardiovascular treatments. Distal filter devices are intended to trap embolic debris downstream from the intervention site preventing it from reaching essential organs such as the brain or heart where it could cause catastrophic problems including strokes or myocardial infarctions. Their appeal arises from their capacity to maintain continuous blood flow while filtering out debris which is especially useful in complicated procedures such as carotid artery stenting. These devices are less invasive and easier to use than other types of EPDs making them popular among interventional cardiologists and vascular surgeons.

Furthermore, the form and functionality of distal filter devices help to explain their supremacy. They are frequently more adaptive and versatile allowing for usage in a variety of anatomical situations and procedural scenarios. This versatility is especially useful in the medical industry where patient diversity and procedural complexity necessitate flexible solutions. These devices are suited for a broader spectrum of patients including those with difficult vascular anatomy due to their ease of use and capacity to maintain perfusion throughout the surgery. Furthermore, the rising global frequency of cardiovascular illnesses has increased the demand for effective embolic protection during interventions and distal filter devices are well positioned to address this demand.

Will High Prevalence of Cardiovascular Conditions Drive the Application Segment?

The cardiovascular diseases segment is the most dominant application field owing to the high frequency of cardiovascular illnesses and the important necessity for embolic protection during interventional treatments. Cardiovascular diseases such as coronary artery disease and heart valve problems are major sources of morbidity and mortality worldwide. As a result, there is a high demand for procedures like angioplasty and stenting which are required to treat these problems. While these operations are lifesaving, there is a risk of embolic events which occur when debris dislodges and causes blockages in other sections of the circulatory system.

Furthermore, developments in interventional cardiology have increased the quantity and complexity of cardiovascular treatments driving up demand for EPDs. To avoid complications, innovations like transcatheter aortic valve replacement (TAVR) and sophisticated coronary operations require highly effective embolic protection. The increased use of these advanced procedures, particularly in elderly populations with significant cardiovascular risk highlights the importance of EPDs in this application area. Furthermore, the cardiovascular market benefits from significant investments in research and development resulting in the ongoing advancement of EPD technology.

Gain Access into Embolic Protection Device Market Report Methodology

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Country/Region-wise Acumens

Will Rising Cases of Coronary Heart Disease Drive the Market in the North American Region?

The rising prevalence of coronary heart disease (CHD) in North America is driving the market for embolic protection devices. The United States dominates this market because of its advanced healthcare infrastructure, high healthcare spending, and expanding elderly population.
The increasing prevalence of coronary heart disease is a major driver of the embolic protection device market in North America. According to the Centers for Disease Control and Prevention (CDC), approximately 18.2 million adults aged 20 and up in the United States have CHD, accounting for 6.7% of the adult population.

The American Heart Association says that coronary heart disease is the top cause of mortality in the United States accounting for around 13% of all fatalities in 2019.  According to the National Heart, Lung, and Blood Institute, the risk of getting coronary heart disease increases with age, especially beyond the age of 55 for women and 45 for men. With North America’s aging population, this risk factor is likely to help drive market expansion. According to the United States Census Bureau, by 2030, all baby boomers will be over the age of 65 bringing the total elder population to 73 million people.

Will Improving Healthcare Infrastructure Drive the Market in the Asia Pacific Region?

The Asia Pacific region is seeing the highest growth in the embolic protection device market owing to significant improvements in healthcare infrastructure and increased investments in medical technology. This trend is especially noticeable in rising markets such as China and India. Governments around the Asia Pacific are dramatically expanding their healthcare budgets to enhance access to high-quality medical treatment. According to the World Health Organization, Chinese healthcare spending increased from 5.03% of GDP in 2010 to 6.57% in 2018. Similarly, India’s healthcare spending increased from 3.27% to 3.54% of GDP over the same period.

This increasing funding allows hospitals and clinics to invest in modern medical technologies such as embolic protection devices. The Asia Pacific region is experiencing an increase in cardiovascular disease owing to changing lifestyles and an aging population. According to the World Heart Federation, cardiovascular disease accounts for 35% of all deaths in the Asia-Pacific area. Between 2010 and 2030, the number of persons suffering from cardiovascular disease in China is expected to increase by 50%. This increased disease burden is driving up demand for sophisticated therapeutic options such as embolic protection devices.

Competitive Landscape

The Embolic Protection Device Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the embolic protection device market include:

  • Boston Scientific Corporation
  • Edwards Lifesciences Corporation.
  • Abott.
  • Medtronic
  • Cardinal Health
  • Innovative Cardiovascular Solutions, LLC
  • Transverse Medical, Inc.
  • L. Gore & Associates, Inc.

Latest Developments

Embolic Protection Device Market Key Developments And Mergers

  • In September 2022, Boston Scientific Corporation revealed the results of a clinical trial on the PROTECTED TAVR to evaluate the SENTINEL Cerebral Protection System, which is designed to capture and eliminate embolic debris from transcatheter aortic valve replacement before it reaches the brain and potentially causes a stroke. Such advances served to maintain the company’s brand image while also expanding its consumer base.
  • In April 2024, Emboline, Inc. announced the acquisition of SWAT Medical’s Intellectual Property Portfolio for embolic protection. This acquisition is expected to broaden Emboline’s existing portfolio of platform solutions for lowering the risk of stroke caused by the release of embolic debris into the bloodstream during operations like Transcatheter Aortic Valve Replacement (TAVR).

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~7.20% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product Type
  • Application
  • End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Boston Scientific Corporation, Edwards Lifesciences Corporation. Abbott, Medtronic, Cardinal Health., Innovative Cardiovascular Solutions, LLC, Transverse Medical, Inc., W. L. Gore & Associates, Inc.

Customization

Report customization along with purchase available upon request

Embolic Protection Device Market, By Category

Product Type:

  • Distal Filter Devices
  • Proximal Occlusion Devices
  • Distal Occlusion Devices
  • Balloon Occlusion Devices

Application:

  • Cardiovascular Diseases
  • Neurovascular Diseases
  • Peripheral Vascular Diseases

End-User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Some of the key players leading in the market include Abbott Laboratories, Boston Scientific Corporation, Medtronic Plc, Edwards Lifesciences Corporation, W. L. Gore & Associates (Gore Medical), Transverse Medical, Inc., Innovative Cardiovascular Solutions, LLC, Allium Medical, Cardinal Health, Contego Medical, LLC, Keystone Heart, Metactive Medical.
The primary factor driving the embolic protection device market is the rising prevalence of cardiovascular diseases, particularly among the aging population. As the demand for safer, minimally invasive cardiovascular procedures increases, the need to prevent embolic complications during interventions like carotid artery stenting is fueling the adoption of embolic protection devices to enhance patient outcomes and reduce procedural risks.
The embolic protection device market is estimated to grow at a CAGR of 7.20% during the forecast period.
The embolic protection device market was valued at around USD 586.48 Million in 2024.
The sample report for the Embolic Protection Device Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Embolic Protection Device Market By Product Type (Distal Filter Devices, Proximal Occlusion Devices, Distal Occlusion Devices), Application (Cardiovascular Diseases, Neurovascular Diseases, Peripheral Vascular Diseases), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), & Region for 2024-2031 appeared first on Verified Market Research.

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Global Premix Feed Market By Type of Ingredient (Vitamins, Minerals, Amino Acids, Antibiotics and Antioxidants), By Livestock (Poultry, Swine, Cattle, Aquaculture,), By Form (Powder, Liquid), By Geographic Scope and Forecast https://www.verifiedmarketresearch.com/product/premix-feed-market/ Fri, 20 Sep 2024 02:20:43 +0000 https://www.verifiedmarketresearch.com/product/premix-feed-market/ According to Verified Market Research, The Global Premix Feed Market was valued at USD 26.55 Billion in 2024 and is projected to reach USD 45.52 Billion by 2031, growing at a CAGR of 6.97% from 2024 to 2031.

The post Global Premix Feed Market By Type of Ingredient (Vitamins, Minerals, Amino Acids, Antibiotics and Antioxidants), By Livestock (Poultry, Swine, Cattle, Aquaculture,), By Form (Powder, Liquid), By Geographic Scope and Forecast appeared first on Verified Market Research.

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Premix Feed Market Size and Forecast

Premix Feed Market size was valued at USD 26.55 Billion in 2024 and is projected to reach USD 45.52 Billion by 2031, growing at a CAGR of 6.97% from 2024 to 2031.

  • Premix feed is a concentrated mixture of essential nutrients, vitamins, minerals, and additives combined with a carrier feed ingredient to provide balanced nutrition to livestock and poultry.
  • Its primary application is to improve the nutritional value of animal feed, thereby promoting optimal growth, health, and productivity.
  • The future of premix feed looks promising, thanks to rising demand for high-quality animal protein, advances in feed formulation technology, and increased awareness of animal health and productivity. Innovations in premix formulations, such as the incorporation of probiotics and natural additives, are expected to improve animal feed efficiency and sustainability.

Premix Feed Market is estimated to grow at a CAGR of 6.97% & reach US$ 45.52 Bn by the end of 2031

Global Premix Feed Market Dynamics

The key market dynamics that are shaping the global premix feed market include:

Key Market Drivers:

  • Increasing Emphasis on Animal Health and Nutrition: There is a growing emphasis on enhancing animal health and productivity with advanced nutritional solutions. The development of specialized premix feeds that improve disease resistance and overall health is propelling market growth. In May 2024, Cargill announced the launch of a new line of premix feeds enriched with probiotics and immune-boosting ingredients to improve livestock health and productivity.
  • Expansion of the Aquaculture Industry: The growing aquaculture industry is driving demand for specialized premix feeds designed for fish and other aquatic species. This growth is being driven by rising seafood consumption and sustainable aquaculture practices. In April 2024, Skretting, a leading aquaculture feed company, introduced a new premix feed formulation designed enhance growth rates and sustainability in farmed fish.
  • Technological Advancements in Feed Formulation: Innovations in feed formulation technologies, such as software and analytics, are allowing for more precise and efficient premix feed production. This trend helps to improve feed quality and performance. In June 2024, Alltech introduced a new digital feed formulation platform that uses artificial intelligence to improve the accuracy and efficiency of premix feed production.
  • Increasing Demand for Sustainable Feed Solutions: There is a growing need for environmentally friendly and sustainable feed solutions. This includes the use of renewable resources and practices that reduce the environmental impact of feed production. In July 2024, DSM announced its commitment to sustainability by launching a new range of premix feeds with low carbon footprints and sustainable ingredient sourcing, aligning with global environmental goals.

Key Challenges:

  • Rising Raw Material Costs: The price of raw materials used in premix feed, such as vitamins, minerals, and other additives, has risen. This can result in higher production costs and may affect the pricing of final feed products.
  • Regulatory Compliance: Premix feed manufacturers must navigate complex and diverse regulatory requirements across multiple regions. Compliance with regulations governing ingredient safety, labeling, and nutritional claims can be difficult and costly.
  • Quality Control and Consistency: Maintaining consistent quality and effectiveness of premix feed is critical, but difficult. Variability in ingredient quality, production processes, and storage conditions can all have an impact on the final feed product’s uniformity and efficacy.
  • Market Competition and Pricing Pressure: The premix feed market is extremely competitive, with numerous players vying for market share. Competitive price pressure can have an impact on profit margins, highlighting the importance of continuous innovation and cost management.

Key Trends:

  • Increasing Demand for Nutritional Precision: Precision nutrition is becoming increasingly popular, with premix formulations tailored to the specific dietary needs of various animal species, age groups, and production stages. This trend aims to improve both feed efficiency and animal health.
  • Natural and Organic Additives are becoming Increasingly Popular: Natural and organic additives in premix feed are becoming increasingly popular as consumers and producers seek to reduce their use of synthetic ingredients. This includes the application of plant-based additives, probiotics, and enzymes to improve feed quality and animal health.
  • Growth of Functional Feeds: Functional feeds, which provide health benefits beyond basic nutrition, are becoming increasingly popular. To improve animal performance, premix feeds with functional ingredients like prebiotics and immunostimulants are being developed for performance and resistance to disease.
  • Technological Advancements in Feed Formulation: Technological advancements, such as the use of feed formulation and analytics software, are driving innovation in the premix feeding industry. These technologies enable more accurate formulation and monitoring of feed quality.

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Global Premix Feed Market Regional Analysis

Here is a more detailed regional analysis of the global premix feed market:

North America:

  • North America remains the dominant region in the global premix feed market, owing to its well-established agricultural infrastructure, high animal nutrition standards, and the presence of major feed manufacturers. The region benefits from advanced manufacturing technologies and significant investments in R&D, which help it maintain its leadership position. In March 2024, Cargill expanded its premix feed production capabilities in North America opening a new facility in Iowa to increase output and meet the growing demand for high-quality feed solutions.
  • In July 2024, ADM announced the acquisition of a major premix feed company in the United States, which will strengthen its market position and improve its ability to provide innovative feed solutions. This strategic move emphasizes North America’s critical role in the global premix feed industry, which is driven by a strong agricultural sector and ongoing advances in feed technology.

Asia Pacific:

  • Asia Pacific is the fastest-growing region in the global premix feed market, owing to rapid expansion in the livestock and aquaculture sectors. The region’s rising meat consumption, combined with increased investments in modern farming practices and feed technologies, is driving this expansion. The increase in disposable income and urbanization drives up demand for efficient and high-quality feed solutions.
  • In May 2024, the Chinese government announced a new initiative to improve aquaculture feed efficiency and sustainability, including significant funding for premix feed research and development. Furthermore, in June 2024, Itoham Yonekyu Holdings introduced a new line of premix feeds designed specifically for Asia’s rapidly growing poultry industry, highlighting the region’s dynamic expansion and feed solution innovation.

Global Premix Feed Market: Segmentation Analysis

The Global Premix Feed Market is segmented on the basis of Type of Ingredient, Livestock, Form, and Geography.

Premix Feed Market Segmentation Analysis

Premix Feed Market, By Type of Ingredient

  • Vitamins
  • Minerals
  • Amino Acids
  • Antibiotics and Antioxidants

Based on Type of Ingredient, the Global Premix Feed Market is segmented into Vitamins, Minerals, Amino Acids, and Antibiotics and Antioxidants. Vitamins are the leading segment in the global premix feed market due to their importance in animal health and productivity. Vitamins are essential for growth, reproduction, and overall health, making them a common ingredient in feed formulations. The fastest-growing segment is amino acids, which are becoming more widely recognized for their importance in optimizing animal growth and feed efficiency. The rising demand for precision nutrition, as well as the development of specialized feed formulations, are driving this segment’s rapid growth.

Premix Feed Market, By Livestock

  • Poultry
  • Swine
  • Cattle
  • Aquaculture

Based on Livestock, the Global Premix Feed Market is segmented into Poultry, Swine, Cattle, and Aquaculture. Poultry is the most important segment in the global premix feed market due to the large scale of poultry farming and the high demand for poultry products worldwide. The extensive poultry industry creates a consistent demand for specialized premix feeds to improve growth and production. Aquaculture is the fastest-growing segment, driven by the expanding aquaculture sector and rising global demand for seafood. Innovations in premix feeds tailored to aquatic species, as well as sustainable aquaculture practices, contribute to the segment’s rapid growth.

Premix Feed Market, By Form

  • Powder
  • Liquid

Based on Form, the Global Premix Feed Market is segmented into Powder and Liquid. Powder dominates the global premix feed market due to its wide range of applications in various types of animal feeds, as well as its ease of handling and mixing. Powdered premix feeds are preferred because of their adaptability and effectiveness in delivering precise nutrient levels. Liquid is the fastest-growing segment, driven by rising demand for convenient and simple feed solutions that improve nutrient absorption and feed efficiency. The liquid form’s benefits, such as faster mixing and better assimilation, contribute to its rapid growth.

Premix Feed Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of Geography, the Global Premix Feed Market is classified into North America, Europe, Asia Pacific, and Rest of World. North America dominates the global premix feed market because of its advanced agricultural infrastructure, high demand for quality animal nutrition, and the presence of major feed manufacturers. The region’s well-established feed industry, as well as significant investments in R&D, contribute to its market leadership. Asia Pacific is the fastest-growing region in the premix feed market, owing to rapid expansion in the livestock sector, rising meat consumption, and technological advances in feed formulation. The region’s expanding economies and increasing agricultural productivity contribute to its rapid growth.

Key Players

The “Global Premix Feed Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cargill, Inc., Archer Daniels Midland Company (ADM), Nutreco N.V., DSM Nutritional Products, BASF SE, Charoen Pokphand Foods Public Company Limited (CPF), Land O’Lakes, Inc., DLG Group, Provimi Animal Nutrition India Pvt. Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Premix Feed Market: Recent Developments

Premix Feed Market Key Developments And Mergers

  • In July 2024, DSM launched a line of sustainable premix feeds with lower carbon footprints. This initiative aligns with global environmental goals and addresses the growing demand for environmentally friendly feed solutions.
  • In May 2024, Nutreco invested in expanding its premix feed production facilities in Asia-Pacific. This investment aims to meet the region’s growing demand for high-quality feed, which is driven by increased livestock and aquaculture activity.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Cargill, Inc., Archer Daniels Midland Company (ADM), Nutreco N.V., DSM Nutritional Products, BASF SE, Charoen Pokphand Foods Public Company Limited (CPF), Land O’Lakes, Inc., DLG Group, Provimi Animal Nutrition India Pvt. Ltd.

SEGMENTS COVERED

By Type of Ingredient, By Livestock, By Form, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

Research Methodology of VMRTo know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Premix Feed Market was valued at USD 26.55 Billion in 2024 and is projected to reach USD 45.52 Billion by 2031, growing at a CAGR of 6.97% from 2024 to 2031.
There is a growing emphasis on enhancing animal health and productivity with advanced nutritional solutions. The development of specialized premix feeds that improve disease resistance and overall health is propelling market growth.
The major players are Cargill, Inc., Archer Daniels Midland Company (ADM), Nutreco N.V., DSM Nutritional Products, BASF SE, Charoen Pokphand Foods Public Company Limited (CPF), Land O’Lakes, Inc., DLG Group, Provimi Animal Nutrition India Pvt. Ltd.
The Global Premix Feed Market is Segmented on the basis of Type Of Ingredient, Livestock, Form, And Geography.
The sample report for the Premix Feed Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Global Premix Feed Market By Type of Ingredient (Vitamins, Minerals, Amino Acids, Antibiotics and Antioxidants), By Livestock (Poultry, Swine, Cattle, Aquaculture,), By Form (Powder, Liquid), By Geographic Scope and Forecast appeared first on Verified Market Research.

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Feed Acidulants Market By Type (Organic Acids, Inorganic Acids, Blends), Livestock (Poultry, Swine, Ruminants, Aquaculture), Form (Liquid, Dry), & Region for 2024-2031 https://www.verifiedmarketresearch.com/product/global-feed-acidulants-market-size-and-forecast/ Thu, 19 Sep 2024 07:40:36 +0000 https://www.verifiedmarketresearch.com/product/global-feed-acidulants-market-size-and-forecast-to-2026/ According to Verified Market Research, The Global Feed Acidulants Market size was valued at USD 2.94 Billion in 2024 and is projected to reach USD 4.33 Billion by 2031, growing at a CAGR of 4.97% during the forecasted period 2024 to 2031.

The post Feed Acidulants Market By Type (Organic Acids, Inorganic Acids, Blends), Livestock (Poultry, Swine, Ruminants, Aquaculture), Form (Liquid, Dry), & Region for 2024-2031 appeared first on Verified Market Research.

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Feed Acidulants Market Valuation – 2024-2031

The growing demand for high-quality animal products necessitates the use of effective feed additives that improve feed preservation, digestion, and spoilage control. Rising awareness about animal health and the benefits of feed acidulants, such as improved gut health and nutrient absorption, drives market expansion is surpassing USD 2.94 Billion in 2024 and reaching USD 4.33 Billion by 2031.

Furthermore, stricter feed safety and quality regulations promote the use of acidulants in order to maintain high animal nutrition standards. Technological advancements in acidulant formulations help to drive market growth by providing more effective and tailored solutions for a variety of livestock needs is expected to grow at a CAGR of about 4.97% from 2024 to 2031.

Feed Acidulants Market is estimated to grow at a CAGR 4.97% & reach USD 4.33 Bn by the end of 2031

Feed Acidulants Market: Definition/ Overview

Feed acidulants are additives used in animal feed to reduce pH levels, which improves feed preservation and animal health. These substances, which include organic acids such as formic, propionic, and citric acids, help to inhibit the growth of harmful bacteria, mold, and yeast, thereby increasing the feed’s shelf life and nutritional value. Feed acidulants are commonly used in poultry, swine, and dairy feed to improve digestion, increase feed efficiency, and promote overall animal health. The future scope of feed acidulants includes increased adoption due to rising demand for high-quality and safe animal products, advancements in acidulant formulations for more targeted effects, and a growing regulatory focus on feed safety and animal welfare, which will drive innovation and market growth.

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Will Rising Demand for High-Quality Animal Products Drive the Feed Acidulants Market?

The growing demand for high-quality animal products is propelling the feed acidulants market. As consumers demand premium animal products with higher safety and nutritional standards, producers must improve feed quality. Feed acidulants contribute significantly to this by improving feed preservation, digestion, and overall animal health, all of which have a direct impact on the quality of the final animal products. This growing consumer emphasis on quality and safety leads to increased use of feed acidulants by livestock producers who want to meet these higher standards and improve their product offerings.

In May 2024, ADM Animal Nutrition announced the introduction of a new line of feed acidulants aimed at improving feed efficiency and animal health, reflecting the industry’s response to rising quality expectations. Furthermore, in August 2024, the European Commission issued new regulations requiring higher standards for animal feed safety and quality, which prompted increased adoption of feed acidulants to meet these new requirements. These developments demonstrate how rising consumer expectations for high-quality animal products are influencing the feed acidulants market, fostering innovation and driving growth.

Will Growing Stringent Safety and Standers Hinder the Growth of the Feed Acidulants Market?

Growing stringent safety standards and regulations may pose challenges for the feed acidulants market, increasing compliance costs and operational complexities. As regulatory bodies impose more stringent requirements to ensure the safety and quality of animal feed, manufacturers may face increased costs for testing, certification, and adhering to new guidelines. This can put a strain on financial resources and potentially slow market growth as businesses adapt their processes and products to meet these changing standards.

Furthermore, the need to comply with strict regulations may limit the availability and variety of feed acidulants on the market. Manufacturers may be forced to reformulate their products or invest in new technologies to ensure that their acidulants meet safety standards, potentially delaying product development and market entry. As a result, while these regulations are intended to improve feed safety, they may also impede market expansion and innovation, influencing the overall growth trajectory of the feed acidulants market.

Category-Wise Acumens

Will Rising Demand of Organic Acids Drive the Feed Acidulants Market?

The growing demand for organic acids is propelling the feed acidulants market. Organic acids, such as formic, propionic, and citric acids, are increasingly recognized for their ability to improve feed preservation, animal digestion, and overall health, leading to the segments dominance. Their ability to inhibit microbial growth, extend feed shelf life, and improve nutrient absorption makes them extremely desirable in the livestock industry. As the emphasis on animal health and feed quality grows, demand for organic acids rises, propelling market growth.

In July 2024, BASF introduced a new line of organic acid-based feed additives aimed at improving feed efficiency and animal performance, reflecting the growing demand for organic solutions. In March 2024, the European Commission updated its Feed safety regulations will include incentives for using organic acids in animal feed, accelerating the adoption of these additives. These actions demonstrate how rising demand for organic acids is shaping the feed acidulants market, resulting in increased innovation and investment in the sector.

The blends segment, is growing at the fastest rate due to rising demand for tailored solutions that combine the benefits of various acidulants. Blends provide customized formulations that can address specific issues in feed quality and animal health, making them increasingly popular in the market. As feed producers look for more effective and adaptable solutions to meet a variety of needs, the use of acidulant blends is rapidly expanding, fueling growth in this segment.

Will Increasing Usage of Liquid Feed Fuel the Feed Acidulants Market?

The increasing use of liquid feed is expected to significantly fuel the feed acidulant market. Liquid feed, which is known for its ease of use and effectiveness in improving feed quality and animal health, is heavily reliant on liquid acidulants, leading to its dominance. These acidulants aid in the preservation, stability, and digestion of liquid feed, making them critical for meeting the high standards required in modern livestock operations. As liquid feed adoption grows due to its benefits in optimizing nutrient intake and reducing feed waste, the demand for liquid feed acidulants is expected to rise as well.

In June 2024, Cargill expanded its portfolio of liquid feed additives introducing new acidulants to improve the efficiency and safety of liquid feed solutions. This move reflects the industry’s increased emphasis on liquid feed. Furthermore, in September 2024, the United States Department of Agriculture issued new guidelines promoting the use of liquid feed technologies, such as acidulants, to improve livestock productivity and sustainability. These initiatives demonstrate how the increased use of liquid feed is driving demand for liquid feed acidulants, thereby promoting market growth and innovation in this segment.

The dry form of feed acidulants is the most rapidly growing segment. The popularity of dry acidulants stems from their ease of storage and handling, as well as their longer shelf life when compared to liquid forms. Dry acidulants are increasingly being used in feed formulations where stability and ease of incorporation are critical. As demand for versatile and efficient feed solutions grows, the market for dry acidulants is rapidly expanding, indicating a shift toward more adaptable and cost-effective feed additives.

Gain Access into Feed Acidulants Market Report Methodology

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Country/Region-wise

Will Increasing Well-Established Agricultural Industry in North America Drive the Feed Acidulants Market?

The well-established agricultural industry in North America is a major driver of the feed acidulants market. The region’s advanced agricultural practices and large-scale livestock operations generate a significant demand for high-quality feed additives, such as acidulants, which improve feed efficiency and animal health supporting the dominance of the agricultural industry. The emphasis on optimizing feed formulations to improve productivity while meeting stringent safety standards increases demand for feed acidulants, making it a key market driver.

In July 2024, Cargill expanded its feed additive portfolio in North America by introducing new feed acidulants tailored to the region’s agricultural requirements. This move reflects the growing emphasis on improving feed quality and efficiency. In April 2024, the US Department of Agriculture also announced funding for research on advanced feed additives, such as acidulants, with the goal of improving livestock performance and sustainability. These actions demonstrate how North America’s strong agricultural sector and commitment to innovation are driving the growth of the feed acidulants market.

Will Increasing Livestock Production in Asia-Pacific Propel the Feed Acidulants Market?

The increase in livestock production in Asia-Pacific is expected to significantly witness fast growth in the feed acidulants market. As countries in the region expand their livestock operations to meet rising demand for animal products, there is an increasing need for effective feed additives that improve feed quality, animal health, and overall productivity. Feed acidulants are important in this context because they help preserve feed, improve digestion, and reduce spoilage, thereby improving the efficiency and output of livestock operations.

In June 2024, New Hope Liuhe, one of China’s largest agribusinesses, announced a significant investment in advanced feed acidulant technologies to support its growing livestock production. This investment reflects a greater emphasis on improving feed quality to meet rising demand. Additionally, in August 2024, the Indian government announced new subsidies for feed additives, including acidulants, as part of a broader strategy to support and improve the livestock sector. This policy change aims to improve the efficiency and sustainability of livestock production in the region, resulting in additional growth in the feed acidulants market.

Competitive Landscape

The competitive landscape of the feed acidulants market is characterized by a diverse array of companies offering a range of products designed to enhance animal feed quality and shelf life. This market features a mix of established chemical manufacturers and specialized feed additives companies, each striving to innovate and differentiate their offerings. Key strategies in this sector include technological advancements in acidulant formulations, expansion into emerging markets, and partnerships with feed producers to tailor solutions for specific livestock needs. Additionally, growing consumer awareness of animal health and the increasing demand for high-quality animal products drive competition, prompting continuous improvement and adaptation in feed acidulant technologies.

Some of the prominent players operating in the feed acidulants market include:

  • BASF SE
  • Yara
  • Eastman Chemical Company
  • DSM
  • Corbion
  • Perstorp
  • Kemin Industries, Inc.
  • Novus International, Inc.
  • BIOMIN Holding GmbH
  • Chr Hansen Holding A/S

Latest Developments

Feed Acidulants Market Key Developments And Mergers

  • In June 2024, ADM Animal Nutrition introduced a comprehensive feed acidulant solution that includes both liquid and dry forms. The launch is part of ADM’s strategy to offer versatile and efficient feed additives to meet a wide range of livestock requirements.
  • In May 2024, Evonik Industries expands its feed acidulant portfolio with a new ruminant-specific product. The new acidulant is specifically designed to improve feed digestion and nutrient absorption in cattle and sheep.
  • In April 2024, Kemin Industries introduces an innovative feed acidulant designed to reduce mycotoxin contamination in feed. This new product is expected to address feed safety and quality concerns, assisting producers in managing risk while maintaining high standards.
  • In March 2024, Nutreco announced the development of a new acidulant blend that targets specific bacterial strains Swine feed. This blend is intended to improve gut health and feed efficiency in pigs, meeting the increasing demand for specialized feed solutions.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~4.97% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • Livestock
  • Form
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

BASF SE, Yara, Eastman Chemical Company, DSM, Corbion, Perstorp, Kemin Industries Inc, Novus International Inc, BIOMIN Holding GmbH, Chr Hansen Holding A/S.

Customization

Report customization along with purchase available upon request

Feed Acidulants Market, By Category

Type:

  • Organic Acids
  • Inorganic Acids
  • Blend

Livestock:

  • Poultry
  • Swine
  • Ruminants
  • Aquaculture

Form:

  • Liquid
  • Dry

Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Verified Market Research

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Some of the key players leading in the market include BASF SE, Yara, Eastman Chemical Company, DSM, Corbion, Perstorp, Kemin Industries Inc, Novus International Inc, BIOMIN Holding GmbH, Chr Hansen Holding A/S.
The primary driver of the feed acidulants market is the growing demand for high-quality, safe animal products. Feed acidulants improve feed preservation, digestion, and animal health, helping to meet rising consumer demand for high-quality livestock products.
The feed acidulants market is estimated to grow at a CAGR of 4.97% during the forecast period.
The feed acidulants market was valued at around USD 2.94 Billion in 2024.
The sample report for the Feed Acidulants Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Feed Acidulants Market By Type (Organic Acids, Inorganic Acids, Blends), Livestock (Poultry, Swine, Ruminants, Aquaculture), Form (Liquid, Dry), & Region for 2024-2031 appeared first on Verified Market Research.

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Feed Phosphate Market by Product Type (Dicalcium Phosphate, Monocalcium Phosphate, Tricalcium Phosphate, Defluorinated Phosphate), Application (Poultry, Swine, Ruminants, Aquaculture), End-user (Feed Manufacturers, Integrated Feed Producers, Farmers), & Region for 2024-2031 https://www.verifiedmarketresearch.com/product/feed-phosphate-market/ Sat, 07 Sep 2024 05:25:26 +0000 https://www.verifiedmarketresearch.com/product/feed-phosphate-market/ According to Verified Market Research, The Global Feed Phosphate Market size was valued at USD 2.88 Billion in 2024 and is projected to reach USD 3.77 Billion by 2031, growing at a CAGR of 3.80 % from 2024 to 2031.

The post Feed Phosphate Market by Product Type (Dicalcium Phosphate, Monocalcium Phosphate, Tricalcium Phosphate, Defluorinated Phosphate), Application (Poultry, Swine, Ruminants, Aquaculture), End-user (Feed Manufacturers, Integrated Feed Producers, Farmers), & Region for 2024-2031 appeared first on Verified Market Research.

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Feed Phosphate Market Valuation – 2024-2031

The feed phosphate market is projected to experience consistent growth from 2024 to 2031, driven by the increasing demand for high-quality animal feed to support the global livestock industry. The market is expected to reach a significant valuation, reflecting the rising consumption of meat and dairy products worldwide, coupled with advancements in animal nutrition and feed efficiency. According to the analyst from Verified Market Research, the market is estimated to reach a valuation of USD 3.77 Billion over the forecast by subjugating around the revenue of USD 2.88 Billion in 2024.

The market’s growth is anticipated to be driven by several key factors, including the expansion of industrialized livestock farming, the growing awareness of the benefits of feed phosphates in enhancing animal health and productivity, and the increasing focus on sustainable and efficient farming practices. This steady demand is expected to propel the market to grow at a CAGR of 3.80 % from 2024 to 2031.

Feed Phosphate Market is estimated to grow at a CAGR of 3.80 % & reach US$ 3.77 Bn by the end of 2031

Feed Phosphate Market: Definition/Overview

Feed phosphate refers to a group of inorganic compounds that are added to animal feed to supply essential phosphorus and calcium, which are crucial for the growth, development, and overall health of livestock. Phosphorus is a vital nutrient that supports various biological functions in animals, including bone formation, energy metabolism, and cell membrane integrity.

Feed phosphates come in different forms, such as dicalcium phosphate (DCP), monocalcium phosphate (MCP), tricalcium phosphate (TCP), and defluorinated phosphate (DFP). Each type offers a different balance of calcium and phosphorus, making them suitable for specific animal species and growth stages.

These compounds are used in the diets of various animals, including poultry, swine, cattle, and fish, to ensure that they receive the necessary nutrients for optimal growth and productivity. By improving bone health, feed efficiency, and reproductive performance, feed phosphates play a critical role in modern animal husbandry.

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Which are the Key Drivers Encouraging the Adoption of Feed Phosphate?

The adoption of feed phosphates in the livestock industry is primarily driven by the increasing global demand for high-quality animal products such as meat, dairy, and eggs. With growing populations and a shift toward protein-rich diets, the need to efficiently increase livestock production has become essential. Feed phosphates are recognized for their crucial role in meeting this demand by providing necessary nutrients like phosphorus and calcium, vital for the healthy growth and development of animals. These nutrients contribute to stronger bones, improved feed conversion ratios, and overall enhanced animal productivity, making the use of feed phosphates indispensable in modern animal husbandry.

The industrialization of livestock farming, which requires optimized feed formulations to maximize productivity, has further encouraged the use of feed phosphates. As farming practices become more intensive, especially in emerging markets, the emphasis on ensuring that animals receive a balanced supply of nutrients has increased. Feed phosphates are extensively utilized in these industrialized settings due to their effectiveness in enhancing feed efficiency and improving livestock health. This has led to higher production levels and better economic outcomes for farmers, thus driving the market for feed phosphates forward.

Furthermore, growing awareness of animal health and the need for sustainable farming practices have significantly contributed to the adoption of feed phosphates. The importance of balanced nutrition in preventing deficiencies and promoting long-term animal health has been increasingly recognized by farmers and feed manufacturers. Feed phosphates not only support optimal growth but also contribute to more sustainable farming by improving feed utilization and reducing waste. Moreover, the incorporation of feed phosphates into animal diets has been facilitated by supportive government regulations and advancements in feed technology, ensuring their widespread use in enhancing the efficiency and sustainability of livestock production.

How Do the Cost Constraints Impact the Adoption of Feed Phosphate?

Cost constraints are crucial in shaping the adoption of feed phosphate in the agricultural sector. The burden of high feed phosphate prices is felt by farmers and feed producers, particularly in regions with tight economic conditions or slim margins. Reevaluation of feed formulations is prompted by high costs, leading to the seeking of cheaper alternatives or a reduction in feed phosphate inclusion.

For smaller-scale or less technologically advanced operations, the investment in feed phosphate is deemed prohibitive, limiting their ability to compete with larger, more resource-rich enterprises. The absorption of higher costs beyond these smaller players impacts their profitability and sustainability. In regions where the economic viability of feed phosphate is questioned, the perceived benefits—such as enhanced animal growth, improved feed efficiency, and better overall health—must be seen as outweighing the financial burden.

In many cases, a cost-benefit analysis influences the adoption of feed phosphate. If the benefits, such as increased animal performance and reduced feed wastage, are not considered sufficient to justify the expense, less costly alternatives are chosen by producers. As a result, the widespread use of feed phosphate is restricted by high costs, particularly in markets where cost sensitivity is high or where agricultural infrastructure is less developed. This dynamic underscores the importance of balancing cost considerations with the potential advantages of feed phosphate to ensure its broader acceptance and utilization.

Category-Wise Acumens

How Does the Increased Demand for Secure Feed Phosphate Bolster Dicalcium Phosphate?

According to VMR analysis, the dicalcium phosphate (DCP) segment is estimated to dominate the market during the forecast period. The heightened emphasis on secure and reliable sources of feed phosphate drives the demand for dicalcium phosphate, which is a widely used and trusted form of feed phosphate. As agricultural producers seek stable and high-quality feed ingredients to ensure the health and productivity of their livestock, dicalcium phosphate is increasingly preferred due to its consistent quality and effectiveness in providing essential nutrients.

The focus on security and traceability in feed phosphate supply chains enhances the market for dicalcium phosphate. As producers and regulators demand more transparency and reliability in the sourcing of feed ingredients, dicalcium phosphate, with its well-established production standards and traceability, becomes a preferred choice. This shift towards secure sources of feed phosphate supports the growth of the dicalcium phosphate market by aligning with industry needs for accountability and safety.

Furthermore, increased demand for secure feed phosphate led to advancements in dicalcium phosphate production technologies. To meet the rising demand, producers invest in improved manufacturing processes and quality control measures. These advancements enhance the efficiency and safety of dicalcium phosphate production, further bolstering its market presence.

What Factors are Influencing the Growth of Feed Phosphates in Feed Manufacturers?

The feed manufacturers segment is estimated to dominate the growth of feed phosphate during the forecast period. The growth of feed phosphates in feed manufacturers is influenced by several interconnected factors. The increasing global demand for animal protein drives the need for efficient feed additives, as consumers shift towards more animal-based diets. Advancements in animal nutrition research have underscored the benefits of phosphates in enhancing feed efficiency and animal health, leading to their wider adoption. Regulatory changes also play a significant role, as manufacturers seek to comply with new standards and optimize performance.

Additionally, the market’s focus on sustainability and cost-effectiveness has made phosphates valuable for reducing waste and improving resource use. The expansion of livestock production further boosts demand for feed additives, while global trade dynamics impact the availability and cost of phosphates, shaping their market growth.

Gain Access to Feed Phosphate Market Report Methodology

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Country/Region-wise Acumens

How Does the Presence of Prominent Feed Phosphate Providers Bolstering the Market in Asia-Pacific?

The Asia Pacific region is estimated to exhibit substantial growth within the market during the forecast period. The market in Asia-Pacific is significantly bolstered by the presence of prominent feed phosphate providers through various impactful measures. Leading companies such as Nutrien Ltd. and Yara International have made strategic expansions and substantial investments in the region, enhancing both production capacity and technological advancements. These efforts ensure a steady supply of feed phosphate, catering to the growing demand driven by the region’s expanding livestock and poultry sectors.

By establishing new production facilities and upgrading existing ones, these providers increase the availability of high-quality feed phosphate. Technological innovations introduced by these companies improve the efficiency of feed phosphate utilization, which benefits livestock producers by enhancing animal growth and feed conversion rates. Furthermore, competitive pricing strategies adopted by these prominent players make feed phosphate more accessible to a broader range of producers, thus fostering market growth and stability.

Furthermore, the introduction of advanced product formulations tailored to the specific needs of the region’s agricultural practices contributes to improved feed quality and reduced waste. The collective efforts of these major providers support the development of the feed phosphate market in Asia-Pacific, facilitating better access to essential nutrients for livestock and contributing to the overall advancement of the agricultural industry in the region.

What Factors Enable North America’s Dominance in the Feed Phosphate Market?

North America is estimated to dominate the market during the forecast period. Advanced production technologies are a key enabler of this dominance. Major companies such as Mosaic Company and J.R. Simplot Company have invested heavily in state-of-the-art manufacturing processes. These technologies improve the efficiency and effectiveness of feed phosphate production, resulting in higher-quality products that better meet the needs of the agricultural sector. The continuous innovation and technological upgrades in production facilities contribute significantly to maintaining a competitive edge in the market.

Significant investments in production capacity and infrastructure further bolster North America’s market leadership. The expansion of existing facilities and the construction of new plants have been prioritized to meet the growing demand for feed phosphate. These investments not only increase production capabilities but also enhance the region’s ability to adapt to market fluctuations and supply chain challenges.

The strength of North America’s agricultural sector also plays a crucial role in its market dominance. The region’s well-established livestock and poultry industries create a robust and consistent demand for feed phosphate. This high demand supports market growth and stability, ensuring that feed phosphate remains a critical component of livestock nutrition in the region.

Furthermore, the presence of a well-established and efficient supply chain supports the distribution of feed phosphate throughout North America. An extensive network of transportation and logistics infrastructure ensures that feed phosphate products are readily available to producers across the continent, meeting their needs effectively and efficiently.

Competitive Landscape

The feed phosphate market is highly competitive, with several key players dominating the market.

Some of the prominent players operating in the feed phosphate market include:

  • Mosaic Company
  • Nutrien Ltd.
  • Yara International
  • PhosAgro
  • OCP Group
  • R. Simplot Company
  • EuroChem Group

Latest Development:

Feed Phosphate Market Key Developments And Mergers

  • In August 2024, Yara International announced the launch of a new, eco-friendly feed phosphate production technology aimed at reducing environmental impact and improving sustainability in its operations.
  • In July 2024, Nutrien Ltd. expanded its feed phosphate production capacity by 15% with the opening of a new facility in China, responding to increased demand in the Asia-Pacific region.
  • In June 2024, PhosAgro introduced a new line of feed phosphate products designed for enhanced nutrient absorption and reduced feed waste, targeting improved efficiency for livestock producers.

Report Scope

Report AttributesDetails
Study Period

2021-2031

Growth Rate

CAGR of 3.80 % from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product Type
  • Application
  • End-user
Regions Covered
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • Mosaic Company
  • Nutrien Ltd.
  • Yara International
  • PhosAgro
  • OCP Group
  • R. Simplot Company
  • EuroChem Group
Customization

Report customization along with purchase is available upon request.

Feed Phosphate Market, By Category

Product Type:

  • Dicalcium Phosphate
  • Monocalcium Phosphate
  • Tricalcium Phosphate
  • Defluorinated Phosphate

Application:

  • Poultry
  • Swine
  • Ruminants
  • Aquaculture

End-user:

  • Feed Manufacturers
  • Integrated Feed Producers
  • Farmers

Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Pivotal Questions Answered in the Study

The key drivers include the rising global demand for animal protein, advancements in animal nutrition that highlight the benefits of phosphates, and regulatory requirements for optimal feed formulations.
The feed phosphate market size was valued at 2.88 Billion in 2024.
The major players are Mosaic Company, Nutrien Ltd., Yara International, PhosAgro, OCP Group, J.R. Simplot Company, EuroChem Group
The Global Feed Phosphate Market is segmented on the basis of Product Type, Application, End-user
The sample report for the Feed Phosphate Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Feed Phosphate Market by Product Type (Dicalcium Phosphate, Monocalcium Phosphate, Tricalcium Phosphate, Defluorinated Phosphate), Application (Poultry, Swine, Ruminants, Aquaculture), End-user (Feed Manufacturers, Integrated Feed Producers, Farmers), & Region for 2024-2031 appeared first on Verified Market Research.

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Global Butyric Acid for Animal Feed Market Size By Product Type, By Form, By Animal Type, By Geographic Scope And Forecast https://www.verifiedmarketresearch.com/product/butyric-acid-for-animal-feed-market/ Thu, 22 Aug 2024 07:14:46 +0000 https://www.verifiedmarketresearch.com/product/butyric-acid-for-animal-feed-market/ According to Verified Market Research, The Global Butyric Acid for Animal Feed Market was valued at USD 2.34 Billion in 2023 and is projected to reach USD 5.08 Billion by 2031, growing at a CAGR of 10.20% during the forecasted period 2024 to 2031.

The post Global Butyric Acid for Animal Feed Market Size By Product Type, By Form, By Animal Type, By Geographic Scope And Forecast appeared first on Verified Market Research.

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Butyric Acid for Animal Feed Market Size And Forecast

Butyric Acid for Animal Feed Market size was valued at USD 2.34 Billion in 2023 and is projected to reach USD 5.08 Billion by 2031, growing at a CAGR of 10.20% during the forecasted period 2024 to 2031.

Butyric Acid for Animal Feed Market is estimated to grow at a CAGR of 10.20% & reach US$ 5.08 Bn by the end of 2031

Global Butyric Acid for Animal Feed Market Drivers

The market drivers for the Butyric Acid for Animal Feed Market can be influenced by various factors. These may include:

  • Increasing Demand for Animal Protein: With the global population growing and rising income levels, there is an increasing demand for animal-based protein sources like meat, milk, and eggs. This has led to a higher demand for efficient animal farming practices, which in turn boosts the demand for feed additives, including butyric acid.
  • Benefits of Butyric Acid in Animal Health: Butyric acid is known for its positive effects on animal gut health, including enhancing gut integrity, improving nutrient absorption, and reducing the occurrence of gastrointestinal diseases. These benefits are driving its adoption in animal feed to promote overall animal health and productivity.
  • Shift Towards Antibiotic-Free Animal Feed: With growing concerns over antibiotic resistance and regulatory restrictions on the use of antibiotics in animal feed, there is an increasing shift towards alternative feed additives that can promote growth and health without antibiotics. Butyric acid serves as a natural alternative, helping to maintain gut health and promote growth, which drives its demand.
  • Rising Awareness of Animal Welfare: Consumers and regulatory bodies are increasingly focused on animal welfare, which includes ensuring that animals are raised in conditions that minimize stress and disease. The use of butyric acid in feed contributes to healthier livestock, aligning with these animal welfare standards.
  • Technological Advancements in Feed Formulation: Advances in feed formulation technologies and the development of innovative butyric acid products (such as coated or encapsulated forms) have improved the stability and effectiveness of butyric acid in animal feed. This has increased its appeal and market adoption.
  • Growth of the Livestock Industry: The global expansion of the livestock industry, particularly in emerging markets, is another significant driver. As countries seek to increase their meat and dairy production, the demand for efficient and effective feed additives like butyric acid grows.
  • Environmental Concerns and Sustainable Agriculture: Butyric acid is also recognized for its role in reducing methane emissions from livestock, which contributes to the push for more sustainable and environmentally friendly farming practices. This environmental benefit is increasingly important as the agricultural industry faces pressure to reduce its carbon footprint.
  • Regulatory Support and Approvals: Government regulations and approvals for the use of butyric acid in animal feed across various regions support market growth. Regulations that promote the use of safe and effective feed additives encourage the adoption of butyric acid.

Global Butyric Acid for Animal Feed Market Restraints

Several factors can act as restraints or challenges for the Butyric Acid for Animal Feed Market. These may include:

  • High Production Costs: The manufacturing process for butyric acid, especially in its pure form, can be expensive. This raises the overall cost of animal feed formulations, making it less attractive compared to cheaper alternatives.
  • Unpleasant Odor: Butyric acid is known for its strong, unpleasant odor. This characteristic can limit its use, as it can affect the palatability of animal feed and the working conditions in feed production facilities.
  • Regulatory Challenges: The use of additives in animal feed is subject to strict regulations in many regions. Compliance with these regulations can be time-consuming and costly, and any changes in regulatory standards can impact market dynamics.
  • Market Competition: There are alternative products, such as organic acids and probiotics, which can also promote gut health in animals. These alternatives can be more cost-effective or better accepted by the market, limiting the growth potential of butyric acid.
  • Supply Chain Issues: The availability and cost of raw materials for producing butyric acid can fluctuate, leading to supply chain uncertainties. This volatility can affect the consistent production and pricing of butyric acid in the animal feed market.
  • Limited Awareness and Adoption: In some regions, there may be limited awareness of the benefits of butyric acid in animal feed. Additionally, smaller-scale producers might be hesitant to adopt new feed additives without clear evidence of economic benefits.
  • Environmental Concerns: The production process of butyric acid, particularly through chemical synthesis, may raise environmental concerns due to the use of certain chemicals and energy-intensive processes. This can lead to increased scrutiny and demand for more sustainable production methods.

Global Butyric Acid for Animal Feed Market Segmentation Analysis

The Global Butyric Acid for Animal Feed Market is Segmented on the basis of Product Type, Form, Animal Type, and Geography.

Butyric Acid for Animal Feed Market Segmentation Analysis

Butyric Acid for Animal Feed Market, By Product Type

  • Natural Butyric Acid
  • Synthetic Butyric Acid

The Butyric Acid for Animal Feed Market can be classified primarily into two product types: Natural Butyric Acid and Synthetic Butyric Acid. Natural Butyric Acid, derived from fermentation processes involving natural ingredients like certain plant sources and microbial fermentation, is increasingly favored in animal nutrition due to its organic origins and perceived health benefits. This segment appeals to livestock farmers and aquaculture producers looking for cleaner label ingredients that promote animal welfare, gut health, and overall productivity. Natural Butyric Acid enhances nutrient absorption and has been shown to improve feed efficiency and animal growth performance, making it particularly popular among those focused on high-quality produce and sustainable practices.

On the other hand, the Synthetic Butyric Acid segment involves the industrial production of butyric acid through chemical processes. This option generally offers a cost-effective solution for large-scale producers and is often utilized in formulations that require strict composition and consistency. Synthetic butyric acid boasts similar benefits to its natural counterpart, such as promoting gut health, but it may not carry the same appeal for those prioritizing organic feed sources. Both segments are critical in addressing the rising demand for high-quality animal feeds that enhance growth rates and feed efficiency while also responding to growing consumer awareness surrounding animal welfare and sustainability. Thus, this market reflects a dynamic interplay between naturally sourced products and industrial innovations, catering to varying preferences within the livestock and aquaculture industries.

Butyric Acid for Animal Feed Market, By Form

  • Liquid Form
  • Solid Form

The Butyric Acid for Animal Feed Market can be analyzed through its primary segments based on the form in which butyric acid is provided: liquid and solid. Liquid Form: This subsegment usually includes butyric acid in its liquid state, often as a solution or emulsion. Liquid butyric acid is widely favored in the animal feed industry due to its ease of incorporation into feed formulations. The liquid form offers advantages such as better bioavailability and rapid absorption in the gut, which enhances the growth performance and health of livestock. Additionally, liquid butyric acid provides flexibility in application, allowing for precise dosing and easy integration into various feeding systems.

This form is particularly popular in regions where manufacturers prioritize convenience and efficiency in feed production. Solid Form: Conversely, the solid form of butyric acid typically comes in the form of powdered granules or encapsulated products. This segment has gained traction due to its stability, longer shelf life, and convenience in transportation and storage. Solid butyric acid can be blended with other feed ingredients without affecting the physical properties of the feed mix. It also allows for controlled release in the gastrointestinal tract, which can be beneficial in increasing the effectiveness of butyric acid as a probiotic and growth promoter for different livestock species. The solid form serves specific market needs, particularly in regions with preferences for dry feed formulations, thus catering to diverse consumer demands across the animal nutrition sector. Together, these forms illustrate the versatility of butyric acid in enhancing animal health and productivity in the agriculture industry.

Butyric Acid for Animal Feed Market, By Animal Type

  • Poultry
  • Swine
  • Ruminants
  • Aquaculture
  • Pets
  • Others

The “Butyric Acid for Animal Feed Market” is segmented by animal type, encompassing various categories that highlight the diverse applications of butyric acid in livestock nutrition. The poultry segment is significant, as butyric acid enhances gut health and improves feed efficiency in birds, leading to better growth rates and lower mortality. The swine segment also benefits from butyric acid, which supports intestinal health, boosts immunity, and fosters nutrient absorption, ultimately resulting in improved weight gain and overall piglet health. Ruminants, including cattle and sheep, utilize butyric acid to regulate rumen fermentation, aiding digestion and nutrient utilization, which is critical in maximizing milk and meat production.

In aquaculture, the application of butyric acid is increasingly recognized for its role in promoting gut health and enhancing feed conversion ratios in fish and shrimp, thereby supporting sustainable practices in seafood production. The pet segment involves the ever-growing market of companion animals, where butyric acid is used to improve gastrointestinal health, which is especially important in older pets. Finally, the “Others” category may include niche segments such as exotic or laboratory animals, where butyric acid can also play a role in health and nutrition. Each sub-segment highlights specific benefits of butyric acid, emphasizing its versatility and importance in improving animal health and growth performance across various species in the animal feed market.

Butyric Acid for Animal Feed Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

The “Butyric Acid for Animal Feed Market” is categorized by geography, with significant segments including North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. In North America, the market is driven by the increasing demand for high-quality animal protein and growing awareness of the importance of gut health in livestock, leading to an uptick in the use of butyric acid as a feed additive to enhance nutrient absorption and improve growth rates. Europe follows with stringent regulations on animal welfare and a focus on natural feed ingredients, propelling the adoption of butyric acid in poultry and swine industries; countries like Germany and France are notable leaders in this regard.

The Asia-Pacific region, characterized by rapid industrialization and a rising middle class, is witnessing a surge in livestock production, thereby increasing the demand for butyric acid as farmers seek to improve feed efficiency and animal health. The Middle East and Africa segment displays robust growth potential due to rising meat consumption and a shift towards modern farming practices, although the market is still emerging. Lastly, Latin America, particularly Brazil and Argentina, capitalizes on its large agricultural sector where butyric acid serves as a vital supplement for maximizing livestock productivity and addressing nutritional gaps. Each region is experiencing distinct challenges and opportunities that influence the adoption and growth of butyric acid in animal feed, leading to an increasingly competitive landscape characterized by regional innovations and market strategies tailored to local needs.

Key Players

The major players in the Butyric Acid for Animal Feed Market are:

  • Eastman Chemical Company
  • Perstorp Holding AB
  • Merck KGaA
  • Tokyo Chemical Industry Co., Ltd
  • OQ Chemicals GmbH
  • Dmitrievsky Chemical Plant
  • Alfa Aesar GmbH & Co KG

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Eastman Chemical Company, Perstorp Holding AB, Merck KGaA, Tokyo Chemical Industry Co., Ltd, OQ Chemicals GmbH, Alfa Aesar GmbH & Co KG.

SEGMENTS COVERED

By Product Type, By Form, By Animal Type, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

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Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Butyric Acid for Animal Feed Market was valued at USD 2.34 Billion in 2023 and is projected to reach USD 5.08 Billion by 2031, growing at a CAGR of 10.20% during the forecasted period 2024 to 2031.
Increasing Demand for Animal Protein, Benefits of Butyric Acid in Animal Health, Shift Towards Antibiotic-Free Animal Feed, and Rising Awareness of Animal Welfare are the factors driving the growth of the Butyric Acid for Animal Feed Market.
The major players are Eastman Chemical Company, Perstorp Holding AB, Merck KGaA, Tokyo Chemical Industry Co., Ltd, OQ Chemicals GmbH, Alfa Aesar GmbH & Co KG.
The Global Butyric Acid for Animal Feed Market is Segmented on the basis of Product Type, Form, Animal Type, and Geography.
The sample report for the Butyric Acid for Animal Feed Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The post Global Butyric Acid for Animal Feed Market Size By Product Type, By Form, By Animal Type, By Geographic Scope And Forecast appeared first on Verified Market Research.

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