Specialty Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Specialty Feed Additives Market: Overview
Specialty feed additives help enhance immune system of livestock. Besides, they are also used with the aim to improve the palatability, maintain digestive health, and several other functions. Use of additives minimized the risk of diseases and infections. This, further, avoids outbreak of livestock diseases.
To keep up with the varying need of livestock, these additives are available in wide range. The product range includes vitamins, flavours and sweeteners, minerals, antioxidants, and acidifiers.
Aforementioned factors are influencing specialty feed additives market.
Further, shift in food habits of people is fuelling demand for specialty food additives. Lately, people are inclined towards meat consumption to meet protein and vitamin requirement of the body. At the same time, they are concerned over the quality of meat. To avoid any such panic, companies involved in poultry and animal husbandry business are undertaking preventive measures. This, in turn, is pushing demand for specialty feed additives.
The upcoming report on specialty feed additives market provides growth insight of the market during forecast period (2019-2029). It covers all the factors influencing expansion of the target market in upcoming years.
Specialty Feed Additives Market: Notable Developments
In December 2017, ADM Animal Nutrition, a vertical of Archer Daniels Midland Co., has announced launch of new specialty feed additive. The feed additive is named as Anco AC. The additive is specifically for dairy, swine, and poultry producers based in Canadian market.
Anco AC is an anti-caking agent and yeast primary. It can be used in all phase of production in case of multiple species.
The additive will work as nutritional stressors in their feed. As a result, efficiency of the animals will increase.
Some of the key players operating in the global specialty feed additives market are-
Specialty Feed Additives Market: Key Trends
In recent years, rate of disease infliction in farm animals has proliferated. Poultry business is directly linked with health of the animals. Hence, companies involved in the business are taking significant steps so that the farm animals do not fall victim of illness and infections caused by harmful bacteria and parasites.
Rising concerns among key players are likely to augment growth of the global specialty feed additives market.
On the other hand, specialty feed additives are available in various flavours. This aids to enhance the scrumptiousness of the feed. As a result, feed is consumed in large amount by livestock animals, helping them in their performance. These taste enhancers are helping in improvement of position of global feed additives market.
In addition, increasing demand for eggs, dairy products, meat, and other animal items, rising epidemic outburst in livestock, and encapsulation in nourish acidifiers are likely to influence specialty additives market in coming years.
Specialty Feed Additives Market: Regional Analysis
Asia Pacific market is expected to exhibit remunerative growth in forecast period. The growth rate is attributed to wide livestock and agriculture base in the region. Thus, various players including international players operating in global specialty feed additives market are trying to expand their presence in the region.
Specialty feed additives market is anticipated to witness significant growth in developing economies such as India, China, and Japan. Enhancement in the purchasing power of these countries will lead to expansion of global specialty feed additives market.
Moreover, North America and Europe also hold significant share in specialty feed additives market. This is due to easy accessibility of feed additives. Further, registering development in agricultural in infrastructure, increasing population, and booming economies in the region, key players are showing interest in these regions.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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