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 nutritional feed additives market report forecasts the nutritional feed additives market size to grow to $5.41 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Nutritional Feed Additives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/nutritional-feed-additives-global-market-report

Nutritional Feed Additives Market Size Forecast
The global nutritional feed additives market is expected to grow from $3.89 billion in 2022 to $4.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. 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 nutritional feed additives market size is expected to grow to $5.41 billion in 2027 at a CAGR of 6.6%.

North America held the largest nutritional feed additives market share.

Key Nutritional Feed Additives Market Driver ­– Rise In Consumption Of Meat Products
Due to high meat consumption, the concern for high-quality meat is also increasing. Thus, to deliver high-quality meat, add-on nutrition feed additives are fed to the animals so that they have good digestion to build on more muscle and weight. This increases the yield and productivity and, hence, the demand for nutritional feed additives. Currently, meat and poultry consumption in the US is more than 100 billion pounds every year.

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Key Nutritional Feed Additives Market Trend – Investing In The R&D Of Organic Feed Additives
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. For instance, Agpulse Organics has come up with its herbal animal feed additive ‘Govahnika-Biosheera’, which is fed to cattle to increase milk productivity while maintaining the health of cattle and quality of milk.

Nutritional Feed Additives Market Segment
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

Nutritional Feed Additives Market Major Players and Strategies
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.

In September 2020, Adisseo acquired Framelco G for an undisclosed amount. With this acquisition, the company will enhance the growth of specialties to become the world leader in the field of specialty feed ingredients in animal nutrition. Framelco G is a family-owned multinational company that develops and manufactures feed additives and drinking water solutions for livestock production.

The Nutritional Feed Additives Global Market Report 2023 covers regional data on nutritional feed additives market size, nutritional feed additives market trends and drivers, opportunities, strategies, and nutritional feed additives market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Nutritional feed additives various types of products used in animal nutrition to improve the nutritional content and quality of feed, or to improve the health and performance of animals. They help improve the nutritional content and quality of feed, resulting in higher productivity and disease prevention.

View More Reports Related To The Nutritional Feed Additives Market –
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