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How Much Growth is Expected for the Berry Extracts For Feed Market from 2024 to 2033?
The market size for berry extracts used in animal feed has seen significant expansion recently. It is projected to grow from a value of $6.06 billion in 2023 to $6.47 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.8%. The amplified growth in the preceding years is attributable to the surge in demand for higher quality and nutritious animal feed, industrial attention to the health and productivity of animals, investigations into the use of natural ingredients in feed, the adoption of sustainable farming methods, and market focus on functional feed additives.
Expectations indicate a robust expansion in the berry extracts for feed market in the upcoming years, with the market size predicted to escalate to $8.53 billion by 2028. This represents a compound annual growth rate (CAGR) of 7.1%. Factors propelling this growth in the forecast period include the augmentation of livestock and poultry sectors, advancements in animal nutrition research, consumers’ inclinations towards natural and functional feed preservatives, regulatory backing for nutritional enhancements, and emphasis on animal welfare and performance enhancement. Major trends in the forecast period encompass market transition towards natural feed additives, recognition of health and nutritional benefits, supplements rich in antioxidants, and natural counterparts to synthetic additives, alongside performance improvement in livestock.
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What Factors Are Encouraging Growth in the berry extracts for feed Market?
The demand for animal-based proteins is anticipated to foster the expansion of the market for berry extracts used in feed. The term animal protein denotes protein from animal sources such as meat, poultry, fish, eggs, and dairy. These food items are deemed as high-quality protein sources because they contain all necessary amino acids. Berry extract feeds like the blueberry, offer an enzyme referred to as activated protein kinase (APK) which aids in signaling or activating the preparation of proteins in both animals and humans. For instance, the Organization for Economic Co-operation and Development (OECD) and Food and Agriculture Organization (FAO) report of 2022 highlights predicts the global fish consumption to escalate to 21.4 kg per person by 2031 from 20.5 kg per person in 2021. In another example, the British Nutrition Foundation statistics of June 2021 displayed that average everyday protein intake for grown-ups aged 19-64 years in the UK was 76.0 g/day and for those over 65 years was 67.0 g/day. Of those, meat and meat product consumption accounted for 34% of the diet, while chicken and turkey represented 16%. Accordingly, the surge in preference for protein sourced from animals is seen as a key driver for the growth of the berry extracts for the feed market.
Which Segments Play a Vital Role in the Berry Extracts For Feed Market?
1) By Form: Liquid, Powder, Pills
2) By Source: Natural, Synthetic
3) By Application: Pharmaceutical, Food And Beverage, Nutraceutical
What Trends Are Driving Change in the Berry Extracts For Feed Market?
Product innovation is emerging as a significant trend in the sphere of berry extracts for feed. To maintain their market foothold, companies in this sector have initiated new product launches. As an illustration, Solid Gold, a pet food company based in the US, unveiled Solid Gold Leaps & Hounds and Solid Gold Grass Guardian – products for berry extracts for feed in March 2023. These Leaps & Hounds supplement chews are crafted with high-quality, beneficial ingredients like glucosamine, turmeric, and MSM. Indeed, these supplements have been designed to be suitable for dogs of all ages and capabilities, whether they are overweight, older, or pups. The Solid Gold Grass Guardian Supplement aids in balancing normal urine pH levels, encouraging optimal bladder and urinary tract health and minimizing the dog urine’s ability to yellow lawns. This product has been crafted with cranberry and D-mannose and includes a special enzyme mix to aid digestion, which may lead to less grass burn.
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What Regions Are Contributing Significantly to the Growth of the Berry Extracts For Feed Market?
Asia-Pacific was the largest region in the berry extracts for feed market in 2023. The regions covered in the berry extracts for feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Berry Extracts For Feed Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the berry extracts for feed market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Berry Extracts For Feed Market Include
1. Berry Extracts For Feed Market Executive Summary
2. Berry Extracts For Feed Market Segments
3. Berry Extracts For Feed Market Size And Template Market Growth Rate
4. Key Berry Extracts For Feed Market Trends
5. Major Berry Extracts For Feed Market Drivers
……
25. Key Mergers And Acquisitions In The Berry Extracts For Feed Market
26. Top Berry Extracts For Feed Companies
27. Berry Extracts For Feed Market Opportunities And Strategies
28. Berry Extracts For Feed Market, Conclusions And Recommendations
29. Appendix
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