The global animal feed and feed additives market is progressing at a CAGR of
4.1% from 2018 to 2026, according to a research report released by leading
market intelligence provider, Transparency Market Research. This market was
valued at US$17.5 bn in 2018 and is expected to reach US$24.1 bn by the end of
2026. The above data feature in a new TMR research report, titled “Animal
Feed and Feed Additives Market - Global Industry Size, Market Share, Trends,
Analysis, and Forecast 2018 - 2026.” The report takes into consideration the
various drivers, restraints, and growth opportunities for players as well as
investors.
Soaring Meat Consumption to Hold Direct Impact on
Demand for Animal Feed and Feed Additives
The growing scope of animal husbandry has allowed a greater range of
products and players to enter the global animal feed and feed additives market
over the recent past. Feed additives provide the different nutritional and
protective functions necessary to maintain the healthy growth of the animal
while warding off risks of diseases and infections. Other functions of animal
feed include enhancing weigh gain, improve digestion, and act as a nutritive
supplement for any vitamin deficiencies. Feed additives have slowly but surely
become an inseparable part of the animal diet on the farms and dairies.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=480
The greatest driver of the global animal feed and feed additives market,
as experienced over the past few years, is the rapidly increasing rate of meat
consumption. With the higher demand for raising animals, the global animal feed
and feed additives market takes a significant push towards more profitable
avenues.
Animal Feed and Feed Additives Market in Developing
Economies to See Notable Growth
The rate of meat consumption has especially increased in the emerging
economies of India, Brazil, and China. These three nations accounted for nearly
23% of the total meat consumption in 2018. By 2026, their collective share is
expected to reach 39%. This is a major increase in proportion, which is leading
many players from the global animal feed and feed additives market to focus on
these nations and similar others.
North America was leading the global animal feed and feed additives
market’s segment of amino acids in 2018. This region held a share of 29.9% in
the amino acids segment in that year. Within the Asia Pacific region, China
held 49.5% of amino acid animal feed additives in the same year, followed by
Japan.
More Trending Reports
Asia Pacific is expected to lead the global animal feed and feed
additives market in terms of growth rate as well as market share by 2026,
suggest the authors of the report. In terms of market share, Asia Pacific
accounted for 32.4% of the global animal feed and feed additives market in
2018, a share percentage that was closely followed by Europe. Europe is the
second fastest growing region in the global animal feed and feed additives
market.
For the given forecast period, the Asia Pacific animal feed and feed
additives market is expected to progress at a 4.0% CAGR within the given forecast
period.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=480<ype=S
The key players in the global animal feed and feed additives market, as
described in the report, include DSM, Novozymes, Kemin Industries, Evonik
Industries AG, Danisco A/S, Chr. Hansen, BASF SE, and Addcon Group GmbH. Most
of these global players hold a high rate of trust among their diverse client
groups and are highly preferred, especially in developed economies.
Request Covid19 analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=480
About Us
Transparency Market Research is a next-generation market
intelligence provider, offering fact-based solutions to business leaders,
consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow,
evolve, and mature. Our real-time data collection methods along with ability to
track more than one million high growth niche products are aligned with your
aims. The detailed and proprietary statistical models used by our analysts
offer insights for making right decision in the shortest span of time. For
organizations that require specific but comprehensive information we offer
customized solutions through adhoc reports. These requests are delivered with
the perfect combination of right sense of fact-oriented problem solving
methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific
problems with right methodology of research is the key to help enterprises
reach right decision.”
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Comments
Post a Comment