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Post Info TOPIC: Feed Preservatives Market 2018 Research Report, By Types, Recent Trends, Growth Opportunities, Industry Key Strategies


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Feed Preservatives Market 2018 Research Report, By Types, Recent Trends, Growth Opportunities, Industry Key Strategies
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Market Highlights:

Feed Preservatives Market has witnessed continued growth over the last few years and is projected to grow by USD 4,061.1 Million from 2018 to 2024 at a CAGR of 9.0%. The rise in demand for meat and dairy products has prompted the growth of the livestock industry. The increasing population and change in consumer lifestyles across the globe have accelerated meat consumption, driving the growth of the livestock population. In 2017, global livestock production accounted for about 40% of the gross value of agricultural production. Changing consumer preferences and a high inclination toward animal-based protein is fueling the demand for quality foods such as meat, eggs, and milk. Moreover, an increase in per capita disposable incomes and rising health consciousness are driving the growth of the industry. Consumers are willing to pay high prices for protein-rich products. The compound feed industry has seen significant growth in the last decade. The increasing commercialization of livestock farming in developing countries such as India, Brazil, Argentina, Nigeria, and South Africa has boosted the demand for commercialized feed.  

With the rising demand for animal-based products, there is a need to increase livestock productivity. Livestock rearers are becoming more aware of the benefits of precision nutrition and feed quality in increasing livestock productivity. Moreover, the consumers of animal-based products are conscious about quality. Consumer concern for the environment in which the livestock are being reared and the feed and nutrition they have been provided is rising as these factors directly affect the quality of meat and dairy products. This has also forced livestock readers to focus on feed safety. The governments in various countries, especially in Europe, are paying attention to feed quality. With this increasing demand for feed, the demand for feed ingredients and additives is also growing. The need to increase the shelf life of feed products and ensure feed quality has led manufacturers to increasingly use feed preservatives. Thus, the demand for feed additives and feed preservatives has increased, fueling the growth of the market.

Competitive Analysis:

Special chemical manufacturers, such as Perstorp Holding AB (Sweden), among others; additives and premixture manufacturers, such as Nutrition N.V. (Netherlands), Kemin Industries, Inc. (United States), Biomin Holding GmbH (Austria), and Impextraco NV (Belgium), among others; and animal nutrition and health companies, such as Merck Animal Health (USA), Novus AB (Netherlands), Novus AB (Netherlands), Nov In the last five years, the most profitable strategy among the major players has been expansion, acquisitions, and mergers, which should ultimately result in global market consolidation.

Feed Preservatives Market Segmental Analysis:

The market for Feed Preservatives Market Trends has been segmented by type, livestock, feed type, and area.

Acidifiers, antioxidants, mold inhibitors, and anticaking agents are the different types of feed preservatives available. The acidifiers segment dominated the global feed preservatives market in terms of revenue in 2018. During the forecast period, the segment is also expected to have the highest CAGR of 9.3%. In the animal feed industry, organic acids are most used to inhibit bacterial development.

The global feed preservatives market is divided into poultry, ruminants, swine, aquaculture, and other livestock types. In 2018, the poultry industry accounted for the largest share of the global feed preservatives market. In 2018, the poultry feed segment dominated the global feed preservatives market, accounting for 34.1 percent of total market share. Poultry farming is profitable, and it accounts for many poultry farming worldwide. During the forecast era, however, the aquaculture segment is expected to expand at the fastest rate.

The Global Feed Preservatives Market has been divided into three categories: compound feed, feed premixes, and others. The compound feed segment had the largest revenue share of the market in 2018. Commercialized animal rearing has increased in the last decade because of rising demand for animal-based products. Nutritional needs have become more important because of the need to improve animal growth and performance. For animal rearers, providing clean and healthy feed is a top priority. The aquafeed market is expanding at a rapid pace, owing to rising demand for aqua-based protein and rising seafood consumption.

Regional Analysis:

Over the review period, the Asia-Pacific region will have the fastest-growing demand for feed preservatives, while the European region had the largest market in 2015. The move to organized agriculture in aquaculture and poultry parts in emerging markets such as Thailand, India, Malaysia, China, Indonesia, and Vietnam have accelerated market growth in the Asia-Pacific region.

In European countries such as Germany, the United Kingdom, and Spain, tight regulatory restrictions on antibiotics and increasing popularity of feed acidifiers as a suitable alternative were major reasons for its strong market share in 2015. Seafood is high in protein and contains vitamins and amino acids not found in other meat products. In intensive and semi-intensive aquaculture, new technology is being used, resulting in advanced feed production for cultured organisms.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/feed-preservatives-market-5372

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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