Feed Preservatives Market by Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants, and Anticaking Agent), Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others): Global Market Size Estimates and Forecast (2022–2030)

BMIRE00025930 | Pages: 100 | Food and Beverages | Sep 2022 | Type: Global | Status: Published

The market crossed US$ 4.90 billion mark in 2022 and is expected to hit US$ 8.20 billion by 2030, recording a CAGR of 6.5% during the forecast period.

Feed preservative market has been significantly growing with increased awareness anout animal health.

Increased application of livestock in food industry has surged the feed preservative production, surging demand form poultry and aquafeed sectors, and rising awareness about animal health and nutrition are some of the major factors driving the growth of the market.

The anticaking agent segment is expected to pace up owing to its beneficial properties to absorb excess moisture, thus keeping preservatives dry and increase its shelf life. Further, other segments such as feed acidifiers, mold inhibitors, and feed antioxidants is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, and livestock, and geography. By type, the market is further segmented into feed acidifiers, mold inhibitors, feed antioxidants, and anticaking agent. By livestock, the market is categorized into poultry, ruminants, swine, and aquaculture. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Increasing demand for animal health and nutrition has empowered the growth of futuristic innovations.

Rising number of animals to fulfill the growing number for animal products such as meat, milk, and eggs are expected to drive the growth of the market during the forecast period. Increased demand for animal products has led to the increased demand for feed preservative to longer shelf life long with to preserve the nutritional value of the feed. Further, various prominent players in the market to embark on research and development activities to develop more sustainable product.

Rising adoption in various livestock use is one of the major factors accelerating the market growth.

The livestock for feed preservative are poultry, ruminants, swine, aquaculture, and others. Within these livestock, poultry is one such end use, wherein the use of feed preservatives is increasing owing to increased demand for eggs for appropriate vitamins and protein and rise in awareness regarding optimum nutrition and care in the sector. The aquaculture has also witnessed an extensive use of feed preservatives in feed products owing to rising aquaculture farming in various developing economies.  

Recent strategic developments in feed preservatives market

The feed preservatives market has undergone several significant developments, and a few of these have been mentioned below:

  • In December 2021, BASF SE announced the launch of Natupulse TS product with an aim to improve the nutrient digestion in a more cost-effective and sustainable manner.

The feed preservatives market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cargill, Incorporated, BASF SE, Nutreco N.V., Biomin Holding GmbH, and Perstorp Holding Ab are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Feed preservatives related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of feed preservatives industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Feed Acidifiers
    • Mold Inhibitors
    • Feed Antioxidants
    • Anticaking Agent
  • Livestock:
    • Poultry
    • Ruminants
    • Swine
    • Aquaculture
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Cargill, Incorporated
    • BASF SE
    • Nutreco N.V.
    • Biomin Holding GmbH
    • Perstorp Holding AB
  • Cargill, Incorporated
  • Nutreco N.V.
  • Biomin Holding GmbH
  • Perstorp Holding AB
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