Specialty feed additives are certain ingredients added to animal feed in small quantities to enhance its taste, flavor, nutritional value, and shelf life. These feed additives play a vital role in providing proper nutrition to livestock animals and ensure their physical well-being. Additives such as flavor enhancers improve the palatability of feed and stimulate the appetite of animals. Thus, these ingredients ensure optimum animal feeding and fulfill the dietary requirements of livestock. Moreover, the specialty feed additives improve the quality of feed and prevent it from deterioration ensuring feed safety.
MARKET DYNAMICS
Rising consumption of meat and dairy products and rising quality expectations of consumers across the globe are the crucial factors driving the market growth. Moreover, rising concerns about animal health and nutrition and growing popularity of specialty feed additives owing to their advantages in improving feed palatability are also some of the key factors anticipated to proliferate the market growth over the forecast period. Furthermore, growing number of livestock producers and rising awareness about benefits of specialty feed additives amongst the livestock producers are also expected to contribute to the market growth in the forthcoming years.
MARKET SCOPE
The "Global Specialty Feed Additives Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the specialty feed additives market with detailed market segmentation by type, form, and livestock. The global specialty feed additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading specialty feed additives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global specialty feed additives market is segmented into type, form, and livestock. By type, the specialty feed additives market is bifurcated into flavors & sweeteners, acidifiers, antioxidants, vitamins & minerals, amino acids, enzymes, and others. By form, the specialty feed additives market is bifurcated into dry and liquid. By livestock, the specialty feed additives market is bifurcated into poultry, ruminants, swine, aquaculture, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global specialty feed additives market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The specialty feed additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the specialty feed additives market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the specialty feed additives market in these regions.
MARKET PLAYERS
The report covers vital developments in the specialty feed additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the specialty feed additives market are anticipated to lucrative growth opportunities in the future with the rising demand for specialty feed additives in the global market. Below mentioned is the list of few companies engaged in the specialty feed additives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the specialty feed additives market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- BASF SE
- Evonik Industries
- Novozymes A/S
- Cargill, Incorporated.
- Nutreco N.V.
- Alltech Inc.
- Kemin Industries, Inc.
- Brookside Agra
- Biomin Holding GmbH
- Novus International
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