Feed Preservatives Market
Preservatives play an important role in food
preservation. Preserves for feed are used in feedstuffs of animals to avoid any
damage to the feed and increase the preservability. Especially in feeds, antioxidants
or preservatives are essential to prevent oxygenation of animal oils and fats.
They are also essential in dry feeds. Preserves are available in two forms,
namely artificial or natural preserves. Artificial preservatives are also
called synthetic preservatives. Natural preservatives appear naturally in
various forms, such as vitamin E, citric acid, and rosemary. They also offer
anti-inflammatory health benefits.
The feed
preservatives market share is projected to register a
CAGR of 8.1% from 2020-2030. Preservatives play a major part in keeping food
from deteriorating. The feed preservatives market size is expected to reach
approximately USD 10.4 billion by 2030
Since feed preservatives are commonly favoured
in the feed premix industry, demand for them is increasingly increasing, and
the global market for them is expected to develop. They are also used in a
variety of applications, with the potential to become the global feed
preservative in the future. Because of the greater need to maintain the quality
of premix ingredients such as minerals, amino acids, and vitamins, which are
easily perishable and can deteriorate in the presence of light and heat,
pre-mixtures for feed are commonly recognized in the market of forage
preservatives.
However, a drop in global agricultural
end-product prices may result in substantial product cost-cutting, which has
been shown to be a limiting factor for Feed Preservatives Market Size Trends.
Analyses by Region
Over the review period, the Asia-Pacific region
will have the fastest-growing demand for feed preservatives, while the European
region had the largest market in 2015. The move to organized agriculture in
aquaculture and poultry parts in emerging markets such as Thailand, India,
Malaysia, China, Indonesia, and Vietnam have accelerated market growth in the
Asia-Pacific region.
In European countries such as Germany, the
United Kingdom, and Spain, tight regulatory restrictions on antibiotics and the
increasing popularity of feed acidifiers as a suitable alternative were major
reasons for its strong market share in 2015. Seafood is high in protein and
contains vitamins and amino acids not found in other meat products. In
intensive and semi-intensive aquaculture, modern technology is being used,
resulting in advanced feed production for cultured organisms.
Competitive Analysis
Special chemical manufacturers, such as
Perstorp Holding AB (Sweden), among others; additives and premixture
manufacturers, such as Nutrition N.V. (Netherlands), Kemin Industries, Inc.
(United States), Biomin Holding GmbH (Austria), and Impextraco NV (Belgium),
among others; and animal nutrition and health companies, such as Merck Animal
Health (USA), Novus AB (Netherlands), Novus AB (Netherlands), Nov In the last
five years, the most profitable strategy among the major players has been
expansion, acquisitions, and mergers, which should ultimately result in global
market consolidation.
Segmental Analysis
The market for feed
preservatives market trends has been segmented by type,
livestock, feed type, and area.
Acidifiers,
antioxidants, mold inhibitors, and anticaking agents are the diverse types of
feed preservatives available. The acidifiers segment dominated the global feed
preservatives market in terms of revenue in 2018. During the forecast period, the
segment is also expected to have the highest CAGR of 9.3%. In the liquid feed
for cattle animal feed industry, organic acids are most used to inhibit
bacterial development.
The global feed preservatives market is divided
into poultry, ruminants, swine, aquaculture, and other livestock types. In
2018, the poultry industry accounted for the largest share of the global feed
preservatives market. In 2018, the poultry feed segment dominated the global
feed preservatives market, accounting for 34.1 percent of the total market
share. Poultry farming is profitable, and it accounts for many poultry farming
worldwide. During the forecast era, however, the aquaculture segment is
expected to expand at the fastest rate.
Read More : https://www.marketresearchfuture.com/reports/feed-preservatives-market-5372
The Feed Preservatives Market Outlook has been
divided into three categories: compound feed, feed premixes, and others. The
compound feed segment had the largest revenue share of the market in 2018.
Commercialized animal rearing has increased in the last decade because of the
rising demand for animal-based products. Nutritional needs have become more
important because of the need to improve animal growth and performance. For
animal rearers, providing clean and healthy feed is a top priority. The
aquafeed market is expanding at a rapid pace, owing to rising demand for
aqua-based protein and rising seafood consumption.
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