Specialty Feed Additives - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Specialty Feed Additives market is accounted for $9.07 billion in 2018 and is expected to reach $15.89 billion by 2027 growing at a CAGR of 6.4% during the forecast period. Some of the key factors propelling the market growth are growing use of animal products and innovations in swine. However, variation in regulatory structure is the restraining factor for the growth of the market.
Specialty feed additives play an essential role in maintaining digestive health, attractive the palatability, and a number of other functions. Some of the additional general specialty feed additives consist of vitamins and minerals, fatty acids, and amino acids. individual of the key differences among normal feed additives and specialty feed additives is that the later not only caters to nutritional requirement, but is also hygienic, simple to digest, and has a optimistic impact on the intestinal health of the animal.
By livestock, swine segment is expected to grow at the significant market share during the forecast period due to rise in pork trade and concerns over food security and demand for better meat quality and safety. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the raise in demand for animal products. Enlargement in population, rise in disposable incomes, progressive urbanization, and raise in demand for quality meat goods and development is majorly witnessed in China, India, and Japan.
Some of the key players in Specialty Feed Additives Market include Alltech Inc, Archer Daniels Midland Company, BASF SE, Biomin Gmbh, Cargill Incorporated, Danisco A/S, Evonik Industries, Kemin Industries Inc, Neovia and Nutreco N.V.
• Amino Acids
• Mycotoxin Inactivators
• Flavors & Sweeteners
• Other Types
• Gut Health & Digestive Performance
• Mycotoxin Management
• Palatability Enhancement
• Preservation of Functional Ingredients
• Other Functions
• Aquatic Animals
• Other Livestocks
• Other Forms
Livestock Products Covered:
• Broiler Production
• Egg Production
• Meat & Meat Products
• Milk Production
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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