Global Berry Extracts For Feed Market Opportunities And Strategies 2023

July 20, 2023July 13, 2023 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s berry extracts for feed market report forecasts the berry extracts for feed market size to grow to $7.89 billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Berry Extracts For Feed Market Report 2023 – https://www.thebusinessresearchcompany.com/report/berry-extracts-for-feed-global-market-report

Berry Extracts For Feed Market Size Forecast
The global berry extracts for feed market size is expected to grow from $5.69 billion in 2022 to $6.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global berry extracts for feed market size is expected to reach $7.89 billion in 2027 at a CAGR of 6.8%.

Asia-Pacific held the largest berry extracts for feed market share in 2022.

Key Berry Extracts For Feed Market Driver – Increase In The Preference For Animal-Based Protein
For instance, in 2022, according to the Organization for Economic Co-operation and Development (OECD) and Food and Agriculture Organization (FAO), 2022 Highlights, the global fish consumption is expected to reach 21.4 kg per capita in 2031, compared to 20.5 kg per capita in the year 2021. Additionally, in June 2021, according to the British Nutrition Foundation 2021 Highlights, a UK-based registered charity and non-profit organization, average daily protein consumption in the UK was 76.0 g/day for adults aged 19–64 years and 67.0 g/day for adults aged 65 years. Among them, animal protein intakes in the form of meat and meat products are 34%, and chicken and turkey are 16%. Therefore, the increasing preference for animal-based protein is driving the growth of berry extracts for the feed market.

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Key Berry Extracts For Feed Market Trend – Product Innovations
Product innovations are a key trend gaining popularity in the berry extracts for feed market. Companies operating in the berry extracts for feed market are launching new products to sustain their position in the market.

Berry Extracts For Feed Market Segment
1) By Form: Liquid, Powder, Pills
2) By Source: Natural, Synthetic
3) By Application: Pharmaceutical, Food And Beverage, Nutraceutical

Berry Extracts For Feed Market Major Players and Strategies
Major players in the berry extracts for feed market are Nutrition N.V., Kemin Industries Inc., Biomin Holding GmbH, Impextraco NV, Merck Animal Health (Merck & Co. Inc.), Novus International Inc., Alltech Inc., ADM (Archer-Daniels-Midland Company), Cargill Incorporated, Nutra Green Biotechnology Co. Ltd., FutureCeuticals Inc., Bio-Botanica Inc., Berrico Food Company B.V., Mazza Innovation Ltd., Carrubba Inc. and Shaanxi Guanjie Bio-Technology Co. Ltd.

In July 2021, Kerry Group, an Ireland-based food and nutritional company, acquired Biosearch Life for an undisclosed amount. This acquisition strengthens KerryProActive Health’s ingredient portfolio by introducing new branded technologies, expanding its offerings, and contributing to the development of a sustainable nutrition ecosystem. These market-leading technologies enable them to address the new health needs of states, strengthen their credibility and leadership in science-backed branded actives, and support our goal of being a pioneer in sustainable nutrition solutions. Biosearch Life is a Spain-based biotechnology company focused on offering new solutions for the pharmaceutical, nutraceutical, and food sectors.

The Berry Extracts For Feed Global Market Report 2023 covers regional data on berry extracts for feed market size, berry extracts for feed market trends and drivers, opportunities, strategies, and berry extracts for feed market competitor analysis. The countries covered in the berry extracts for feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa

Berry extract for feed is a feed additive made from berries that is used to improve the nutritional content of animal feed.

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