Market Snapshot:
Feed supplements refer to additives or formulations integrated into animal feed with the aim of boosting its nutritional value, enhancing the health and overall welfare of the animals, and, in certain instances, fostering optimal growth and performance. These supplements find application across diverse livestock and poultry farming endeavors, ensuring that the animals have access to a well-rounded and nutritionally comprehensive diet. The global feed supplements market is propelled by increasing demand for high-quality animal products, rising awareness about animal health and nutrition, and a growing global population driving intensified livestock production. The need to enhance livestock productivity, coupled with a shift towards specialized and custom formulations, fuels market growth. However, regulatory constraints and concerns about the environmental impact of intensive farming practices act as restraints. Opportunities lie in the development of innovative, sustainable, and organic supplements, meeting the rising trend of conscious consumerism and addressing environmental concerns. Additionally, advancements in technology, precision nutrition, and expanding markets in developing regions offer avenues for market expansion and diversification.
Highlights from Feed Supplements Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Cargill (United States), Archer Daniels Midland (ADM) (United States), DuPont (United States), Evonik Industries (Germany), BASF (Germany), Koninklijke DSM (Netherlands), Solvay (Belgium), Ajinomoto (Japan), Biomin (Austria), Alltech (Ireland), Kemin Industries (United States), Nutreco (Netherlands) and Phibro Animal Health (United States). Additionally, other players that are part of this comprehensive study are Vetagro (India) and Huvepharma (Bulgaria).
Geographic Breakdown and Segment Analysis
The Global Feed Supplements market presents a comprehensive analysis of the Feed Supplements market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Feed Supplements industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Feed Supplements market
Analyst at AMA have segmented the market study of Global Feed Supplements market by Type, Application and Region.
Influencing Trend:
Sustainability and eco-friendliness
Market Growth Drivers:
Rising demand for animal protein and Growing focus animal health and welfare
Challenges:
Competition from generic products
Restraints:
Fluctuations in the raw material prices and Lack of awareness among small-scale farmers
Opportunities:
Increased demand in emerging economies like China, India, and Southeast Asia and Collaborations and partnerships
Market Developments Activities:
In June 2022, Cargill acquired Delacon, an Austrian-based global leader in plant-based phytogenic additives. This acquisition will help Cargill combine its global network and deep expertise in animal nutrition technologies with Delacon’s pioneering knowledge and market experience in phytogenic feed additives
The feed additive market is a dynamic and complex space, characterized by intense competition across various segments and geographies. Large companies leverage their vast resources, diverse product portfolios, and established distribution networks to dominate market share. Mergers and acquisitions are increasing market concentration, making it harder for smaller players to compete.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors, Research Institutes and Others