Description

Global Feed Additives Market was valued at USD 38.2 billion in 2021 and is anticipated to grow at USD 49.7 billion by 2028 recording a CAGR of 5.6%. during the forecast period 2022-2028. Feed Additives Market are components or mixtures added to comprising the feed. These include grains, added vitamins, fats/oils, minerals, and other nutritional & energy sources. Animal feedable to promote health and productivity in livestock. Increased demand for livestock production in emerging countries coupled with rising in the swine and beef meat exports able to create demand for animal feed additives market. Feed additives market is expected grow at unprecedented growth rate due to increased demand for protein foods such as milk, meat, and eggs.  As per UN Food and Agricultural Organization (FAO) estimates that animal protein production such as poultry, beef, swine are expected to double, as well as dairy, and fish production anticipated to grow triple by 2050. Animal feed plays the vital role in the global food industry. The animal feed additives are the most crucial components to ensuring safe and affordable animal proteins. The demand for livestock protein food such as meat and eggs has seen significant growth across the globe.  The booming poultry production enables to create the huge demand for poultry feed additives market in future. The growth in poultry and swine industry, landless systems, and increased demand for purchased compound feed products anticipated to create lucrative opportunities over the forecast period. In January 2017, Nutreco expands geographical footprints in Canada and it caters in U.S. with purchase of ‘Hi-Pro feeds’. In October 2016, ForFarmers completed an acquisition of ‘VleutenSteijnVoeders B.V’. It is mainly focused on swine sector in South East of Netherlands. This acquisition strengthens ForFarmers position in the Dutch swine sector.

 

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