Global Specialty Feed Additives Market

Global Specialty Feed Additives Market
By Function (Mycotoxin Management, Gut Health & Digestive Performance, Palatability Enhancement), By Type (Minerals, Binders, Acidifiers), By Form (Dry, Liquid, Other), By Livestock (Ruminants, Swine, Poultry), By Region (North America, South America, Europe, Asia Pacific, Rest of World)

Market Overview:
The Global Specialty Feed Additives Market was valued at USD 8.16 billion in 2016 and is projected to reach USD 12.98 billion by 2025, growing at a CAGR of 5.30% from 2017 to 2025.

Specialty Feed Additives Market is basically for farm animals and acts as a food supplement. Their motive is to make up for the lack of nutrients that the animals do not receive in the regular diet, this will in turn improve the health of all the farm animals. Vitamins, Minerals, Fatty acids are some of the basic special feed additives. Special Feed Additives are very hygienic and easy to digest for all farm animals. The reason this market is gaining importance is due to the high rate of disease infliction within common farm animals.

Sample Infographics:



Market Dynamics:
1. Market Drivers
1.1 High consumption of animal products.
1.2 New technologies in animal husbandry.
1.3 High rate of meat consumption.
1.4 Strong impacts on the environment.

2. Market Restraints
2.1 Rising costs of machinery and raw materials.
2.2 Lack of consistency in regulatory structure.

Market Segmentation:
The Global Specialty Feed Additives Market is segmented on the basis of Function, Type, Form, Region and Livestock.

1. By Function:
1.1 Mycotoxin Management
1.2 Gut Health & Digestive Performance
1.3 Palatability Enhancement
1.4 Preservation of Functional Ingredients
1.5 Others.

2. By Type:
2.1 Minerals
2.2 Binders
2.3 Acidifiers
2.4 Vitamins
2.5 Antioxidants
2.6 Flavors & Sweeteners
2.7 Others.

3. By Form:
3.1 Dry
3.2 Liquid
3.3 Others.

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of World.

5. By Livestock:
5.1 Ruminants
5.2 Swine
5.3 Aquatic Animals
5.4 Poultry
5.5 Others.

Competitive Landscape:
The major players in the market are as follows:
1. Evonik Industries
2. Novozymes
3. Invivo NSA
4. Kemin Industries Inc.
5. Lucta S.A.
6. BASF SE
7. Nutreco N.V.
8. Alltech Inc.
9. Chr Hansen Holding A/S
10. Biomin Holding GmbH

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Specialty Feed Additives Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.