The global specialty feed additives market is expected to grow at a stable CAGR of 5.2% from 2023 to 2033. Currently, the market is valued at $12.3 billion, and accelerating over the next 10 years could be $20.5. $1 billion in 2033.
The trend toward using animal protein in the form of milk and eggs is growing rapidly, creating a demand for specialized feed additives is a result of increased awareness of
Studies show that animal-derived proteins are more nutrient dense than plant-derived proteins and are easily digestible by animals. The growing demand for animal-derived proteins calls for specialized feed additives that can be used to supplement animals' diets and ensure optimal nutrient absorption.
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For example, many specialty feed additives contain important vitamins and minerals such as vitamin A and zinc, which are essential for the proper growth and development of
animals. These feed additives also improve the digestibility of feed, allowing animals to utilize the nutrients they receive more effectively.
Based on raw materials, acidifier-based feed additives are set to lead the global market from 2023 to 2033 because they work well to promote intestinal health by regulating the intestinal flora, while also reducing dangerous microorganisms while improving the normal digestive and immune systems of animals help macro minerals such as calcium are increasingly included.
Important points:
· China is poised to maintain a 35% share of the global market for specialty feed additives from 2023 to 2033.
· The US market is poised to expand at a stable CAGR of 5% between 2023 and 2033.
· Europe is a major gainer in the world market for specialty feed additives.
· Based on functionality, the preference enhancement segment is projected to increase at a CAGR of 4.6% between 2023 and 2033.
· By ingredient, acidifiers are estimated to hold a significant share of the global market for specialty feed additives.
Growth drivers:
· Growing demand for organically produced feed and feed additives and uniformity of meat products should stimulate demand.
· A growing awareness of the benefits of using specialty feed additives among consumers is poised to accelerate.
· Increased demand for livestock products such as dairy and eggs could create development opportunities.
Competitive Dashboard:
Manufacturers try to produce high-quality feed additives to meet the demand. They focus on products that can increase milk and egg production . We provide products. The company is considering the introduction of special feed additives, both natural and organic.
Manufacturers introduce feed additives containing prebiotics and probiotics that help improve the health of the animal's digestive system, helping to increase nutrient absorption and improve the overall quality of the milk and eggs produced . We also focus on innovative technologies that enhance the effectiveness of feed additives.
for example,
· In January 2023 , Purina Animal Nutrition introduced two new feed additives, Purina® Enduraso and Purina® Endurapig, designed to improve female pig performance and reproductive efficiency, post-weaning pig respiratory health and immune function.
· In January 2021 , Azelis, a premier distributor of specialty chemicals and food additives, will team up with Perstorp, a global authority on the specialty chemicals and feed additives market, to bring animal nutrition products to market in the UK. announced that it had started. Products including acidifiers, grain preservatives and solutions for feed hygiene practices and digestive health.
· In December 2020, the Dutch feed additives business, FRAmelco Group, was fully acquired by Blueestar Adisseo Company. The deal advances Adisseo's goal of becoming a global leader in specialty animal feed additives.
Companies profiled by Fact.MR
· Chr. Hansen Holdings A/S
· Royal DSM NV
· Brookside Agra
· Evonik Industries
· Nutreco NV
· Novus International
· dupont de numul
· BASF SE
· Akzo Nobel Surface Chemistry AB
· Kemin Industries, Inc.
· neovia group
· Novozymes A/S
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More Valuable Insights on Specialty Feed Additives Market
In its latest survey, Fact.MR provides a detailed examination of the global specialty feed additives market over the forecast period of 2023 to 2033.
Raw material:
· bookbinder
· acidifier
· mineral
· antioxidant
· flavor and sweetener
· vitamin
· Other special feed additives
By form:
· deflation
· Liquid
By function:
· improvement of taste
· Mycotoxin Management
· Storage of functional materials
· Other features
By region:
· North America
· Latin America
· europe
· Asia Pacific
· Middle East and Africa
Key Questions Addressed in the Specialty Feed Additives Market Report
· What is the forecast for the Specialty Feed Additives market in 2023?
· How much will the global specialty feed additives market grow by 2033?
· What are the factors hindering the growth of the Specialty Feed Additives market?
· Which region is expected to lead the global specialty feed additives market between 2023 and 2033?
· What are the factors driving the specialty feed additives market during the forecast period?
· What is the projected market value of the specialty feed additives market during the forecast period?
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