Dublin, Dec. 19, 2024 (GLOBE NEWSWIRE) — The “Specialty Feed Additives – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Specialty Feed Additives was estimated at US$47.3 Billion in 2023 and is projected to reach US$73.6 Billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Specialty Feed Additives market is driven by several factors, including increasing demand for high-quality animal protein, such as meat, milk, and eggs, which requires efficient feed solutions to enhance animal growth and productivity. Advancements in feed formulation technology, including encapsulation, fermentation, and precision nutrient delivery, have improved the efficacy and stability of specialty feed additives, supporting their broader adoption across livestock production.
The focus on sustainable and antibiotic-free animal farming has further fueled demand, as farmers seek to reduce antibiotic use, improve animal welfare, and meet regulatory requirements. Additionally, growing awareness of animal nutrition, coupled with rising consumer demand for healthier and safer animal products, has contributed to market growth, encouraging the integration of specialty feed additives in livestock diets.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Liquid Specialty Feed Additives segment, which is expected to reach US$35.9 Billion by 2030 with a CAGR of a 7.3%. The Dry Specialty Feed Additives segment is also set to grow at 5.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $12.3 Billion in 2023, and China, forecasted to grow at an impressive 10% CAGR to reach $17.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Specialty Feed Additives Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Specialty Feed Additives Market such as Alltech Inc., BASF SE, Biomin Holding GmbH, Chr Hansen Holding A/S, Evonik Industries and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 43 companies featured in this Global Specialty Feed Additives market report include:
- Alltech Inc.
- BASF SE
- Biomin Holding GmbH
- Chr Hansen Holding A/S
- Evonik Industries
- Invivo NSA
- Kemin Industries Inc.
- Lucta S.A.
- Novozymes
- Nutreco N.V.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 94 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $47.3 Billion |
| Forecasted Market Value (USD) by 2030 | $73.6 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Specialty Feed Additives – Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Animal Nutrition Drives Growth of Specialty Feed Additives
- Increasing Focus on Enhancing Livestock Health Expands Market Opportunities
- Technological Advancements in Feed Enzymes Propel Adoption
- Growing Use of Probiotics in Animal Feed Spurs Demand for Specialty Additives
- Rising Focus on Gut Health in Poultry and Swine Enhances Business Case
- Expansion of Specialty Feed Additives in Aquaculture Fuels Market Growth
- Growing Use of Mycotoxin Binders and Detoxifiers in Animal Feed Drives Demand
- Increasing Adoption of Organic Acids for Feed Preservation Expands Market Potential
- Rising Focus on Enhancing Feed Efficiency in Ruminants Drives Adoption
- Emergence of Prebiotics in Animal Nutrition Propels Market Growth
- Increasing Demand for Phytogenics and Essential Oils in Feed Drives Market Expansion
- Rising Use of Amino Acids in Animal Feed Formulations Expands Opportunities
- Growing Focus on Reducing Antibiotic Use in Animal Husbandry Drives Specialty Additive Adoption
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/go2n33
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- Specialty Feed Additives Market
