Specialty Feed Additives Market Size, Share | Industry Trends Analysis Report, 2024

Specialty Feed Additives Market Size, Share | Industry Trends Analysis
Report, 2024
Date: 03-24-2017 04:33 PM CET
Category: Business, Economy, Finances, Banking & Insurance
Press release from: Transparency Market Research
A new research report by Transparency Market Research offers a comprehensive evaluation of the global Specialty Feed
Additives Market. The study, titled “Specialty Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024”, is available for sale on the firm’s website.
Specialty feed additives are food supplements that are primarily used for farm animals. Specialty feed additives make up for
the lack of nutrients animals get through other food that farmers provide. Important nutrients that farm animals require are
amino acids, fatty acids, vitamins, and minerals. The nutritional value of animal feed is not only influenced by nutrition
content but also depends on hygiene, digestibility, and its effect on intestinal health. Hence, specialty feed additives are
gaining importance.
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Based on type, the specialty feed additives market is classified into minerals, binders, vitamins, acidifiers, flavors &
sweeteners, antioxidants, and others (complex carbohydrates, enzymes etc.). In terms of livestock, the specialty feed additives
market is divided into poultry, ruminants, swine, and aquatic animals. Specialty feed additives are available in liquid and dry
forms. Dry form can be available in pellets or powder. Rise in eruption of diseases in livestock and increase in consumption of
animal products are the major factors driving the specialty feed additives market. Lack of awareness about the advantages of
specialty feed additives among small scale farmers and rise in raw material and operational costs may hamper the demand for
specialty feed additives in the near future. Global feed markets increasingly driven by knowledge of animal genetics and
improvement in nutrition efficiency due to higher focus on productivity improvements.
The poultry segment is anticipated to expand at significant pace during the forecast period, followed by swine and ruminant
segments. Increase in poultry trade and rise in concerns about food security are the major factors projected to boost the
specialty feed additives market during the forecast period.
In terms of types of specialty feed additives, the acidifiers segment is anticipated to expand at a rapid pace during the forecast
period. The flavors & sweeteners segment accounted for key share in 2015. It was followed by the minerals segment in the
same year.
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Based on form, the specialty feed additives market is segmented into liquid and dry. The liquid segment is expected to expand
at a high CAGR compared to the dry form during the forecast period. Liquid specialty additives are gaining popularity due to
their low cost vis-à-vis the dry form.
Based on function, the specialty feed additives market is segmented into mycotoxin management, palatability enhancement,
preservation of functional ingredients, and others (greater dry matter intake and increased capacity for nutrient absorption).
Palatability enhancement is projected to be the rapidly growing segment during the forecast period. Palatability enhancement
of the feed leads to high feed intake by livestock. Thus, the segment is expanding substantially in the specialty feed additives
market.
Asia Pacific is anticipated to be a rapidly growing market for specialty feed additives. It is expected to be followed by Europe
and North America during the forecast period. Increase in population, rise in disposable income, and growth in urbanization
are estimated to propel the demand for specialty feed additives during the forecast period. The specialty feed additives market
in China, India, and Japan is likely to expand at a high rate, led by the increase in purchasing power of consumers in these
countries.
Key players operating in the specialty feed additives market include BASF SE, Evonik Industries, Novus International, Akzo
Nobel Surface Chemistry AB, DSM, Novozymes A/S, Nutreco N.V., Brookside Agra, Kemin Industries Inc., Biomin Holding
GmbH, Invivo NSA, and Chr. Hansen Holdings A/S.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and
services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of
decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various
tools and techniques to gather and analyze information.
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest
trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous
primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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