Natural Feed Additive Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030
Natural Feed Additive: Market Outlook
Natural Feed Additives are the nutritional value enhancer of the animal feed. It usually consists of vitamin, minerals, amino acids, and other essential nutrients which optimizes an animal’s health. With the outbreak of various diseases it very essential to inject feed additive in the diet of livestock. China is the largest consumer of Natural Feed Additive, owing to the strong meat demand in the region.
Application of Natural Feed Additive gives a positive impact on animal performance as it enhances the efficiency of feed. Feed additive boosts and optimizes certain crucial factors such as land occupation, global warming potential, fossil energy use. Optimization of such factors is the need of the hour as it gives much cleaner production process.
With increasing urbanization and the increasing popularity of on-the-go meat-based processed food, there will be a considerable amount of growth in the Global Natural Feed Additive Market. North America is the largest consumer of meat-based processed food around the world, hence, this region is expected to witness a high growth rate for the market.in the forecasted period.
Fuelling Factors for Natural Feed Additive Market
There has been an increase in per capita consumption of meat, and with an increasing population, it is certain that demand for meat will further grow. With this increasing demand, producers have the responsibility to provide nutritious feed to animals to be able to maintain quality. Henceforth, this increasing demand for meat is giving the cascading effect of increasing demand for Natural Feed Additive.
Changing lifestyles, increasing income is the reason for this rapid increase in global meat demand. Moreover, other animal-based products like dairy products are also on the rise. It is stated that India is the largest producer of dairy and dairy products followed by the United States. These countries are the hotspot for the producers of Natural Feed Additives.
With increasing awareness of the nutrition content of livestock-based products and conscious dieting among the population, the meat and dairy industry will be observing growth, which will act as a major driving force for Global Natural Feed Additive Market.
Also, the livestock market is facing a threat due to the outbreak of various diseases such as Bird Flu, Swine Flu, and other infection. To protect them from such diseases nutritional content in the feed has to be constantly monitored and maintained.
Natural Feed Additive: Market Segmentation
Based on Type, Natural Feed Additives Market can be segmented as:
Based on Livestock, Natural Feed Additives Market can be segmented as:
Based on Source, Natural Feed Additives Market can be segmented as:
Based on Form, Natural Feed Additives Market can be segmented as:
Based on Nature, Natural Feed Additives Market can be segmented as:
Key Players of Natural Feed Additive Market
Cargill, DowDuPont, ADM, Evonik, BASF, DSM, Solvay, Ajinomoto, Novozymes, Chr. Hansen , InVivo , Nutreco , Kemin , Adisseo , and Alltech are some of the top players of the global Natural Feed Additive Market.
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