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The nutritional feed additives market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Nutritional Feed Additives Market Size In 2022 And Forecast

The global nutritional feed additives market is expected to grow from $6.35 billion in 2021 to $6.97 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global nutritional feed additives market size is expected to grow to $8.73 billion in 2026 at a CAGR of 5.8%.

The nutritional feed additives market consists of sales of nutritional feed additives which are used to improve animals’ nutrition. Nutritional feed additives are an important portion of nutrition that enhances the yield and quality of food.

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The Rise In Consumption Of Meat Products Is Driving The Growth Of The Nutritional Feed Additives Market

Currently, meat and poultry consumption in the US is more than 100 billion pounds every year.

Competitive Landscape And The Regional Analysis Of The Nutritional Feed Additives Market

Major players in the nutritional feed additives market are BASF SE, Cargill, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Kemin Industries Inc., Adisseo, Alltech, Phibro Animal Health Corporation., and DowDuPont.

Additionally, as per TBRC’s research – North America was the largest region in the nutritional feed additives market in 2021 holding the largest market share.

The Nutritional Feed Additives Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nutritional feed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the nutritional feed additives market.

Organic Feed Additives – A Key Trend In The Nutritional Feed Additives Market

Feed additives manufacturers are investing in the R&D of organic feed additives as there is a growing demand for organic and natural feed products in the nutritional feed additives market. When compared to synthetic nutrition feed additives, organic feed additives have fewer side effects and also improve yield. Therefore, poultry farmers are switching to herbal nutrition feed additives.

Nutritional Feed Additives Market Segmentation By The Business Research Company

1) By Distribution Channel: Direct, Indirect, Hypermarket/Supermarket, Specialty Stores, Online Retail

2) By Livestock: Ruminants, Poultry, Swine, Aquatic

3) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals

4) By Form: Dry, Liquid, Other Forms

Here Are Some Reports Related To The Nutritional Feed Additives Market –

Veterinary Antibiotics Global Market Report 2022

Animal Medicine Global Market Report 2022

Medical Feed Additives Global Market Report 2022

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