Animal Feed And Feed Additives Market Foreseen to Grow Exponentially by 2026

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Animal Feed and Feed Additives Market

• - Global Industry Analysis, Size, Share, Growth
  Trends  2019 - 2027

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Soaring Meat Consumption to Hold Direct Impact on
Demand for Animal Feed and Feed
Additives

• The growing scope of animal husbandry has allowed
  a greater range of products and players to enter
  the global animal feed and feed additives market
  over the recent past.
• Feed additives provide the different nutritional
  and protective functions necessary to maintain
  the healthy growth of the animal while warding
  off risks of diseases and infections.
• Other functions of animal feed include enhancing
  weigh gain, improve digestion, and act as a
  nutritive supplement for any vitamin
  deficiencies.
• Feed additives have slowly but surely become an
  inseparable part of the animal diet on the farms
  and dairies.

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Animal Feed and Feed Additives Market in
Developing Economies to See Notable Growth

• The rate of meat consumption has especially
  increased in the emerging economies of India,
  Brazil, and China.
• These three nations accounted for nearly 23 of
  the total meat consumption in 2018.
• By 2026, their collective share is expected to
  reach 39. This is a major increase in
  proportion, which is leading many players from
  the global animal feed and feed additives market
  to focus on these nations and similar others.

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Animal feed additives are classified into two
major types -

• Nutritional feed additives such as amino acids,
  minerals and vitamins It helps in providing
  effective nutrients in optimum proportion thereby
  helping the animals gain lean meat and higher
  muscle mass at a quicker rate than before.
• Non-nutritional feed additives such
  as antibiotics, enzymes and acidifiers It acts
  as armor against diseases, improving the
  digestive system, aiding in reproduction and
  reducing phosphate content in the livestock waste.

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The key players in the global animal feed and
feed additives market

• DSM
• Novozymes
• Kemin Industries
• Evonik Industries AG
• Danisco A/S, Chr. Hansen
• BASF SE

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