The report "Specialty Feed Additives Market by Type (Flavors & Sweeteners, Minerals, Binders, Vitamins, Acidifiers, Antioxidants), Livestock (Swine, Ruminants, Poultry, Aquatic Animals), Function, Form, and Region - Global Forecast to 2022", The specialty feed additives market is projected to reach a value of USD 11.12 Billion by 2022, at a CAGR of 5.43% from 2016. The market is driven by factors such as rise in consumption of animal products, increase in incidences of disease outbreaks in livestock, adverse impact on the environment due to the emission of greenhouse gasses by the livestock, and innovations in animal husbandry.
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The acidifiers segment is projected to be the fastest-growing from 2016 to 2022.
This segment is projected to grow at the highest CAGR from 2016 to 2022. Acidifiers are gaining popularity in modern poultry farming to cure diseases such as ascites, which are triggered by various microbial factors (E. coli and Salmonella).
The swine segment is projected to grow at a significant rate during the forecast period.
With increase in pork trade and concerns over food security, the demand for specialty feed additives is expected to increase to ensure better meat quality and safety. Also, pork meat is the most consumed meat in the world which drives the specialty feed additives market in this segment.
The Asia-Pacific region is projected to grow at a significant rate from 2016 to 2022.
Asia-Pacific has a high growth potential for specialty feed additives, as it comprises many emerging countries such as China and India. The demand for poultry is estimated to increase in India and China, owing to the rise in population, increase in purchasing power, and changes in consumer preferences, along with urbanization. These factors have led to the growth of the specialty feed additives market.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as BASF SE (Germany), Evonik Industries (Germany), Novozymes A/S (Denmark), Nutreco N.V. (Netherlands), Alltech Inc. (U.S.), Chr. Hansen Holdings A/S (Denmark), Invivo NSA (France), Biomin Holding GmbH (Austria), Lucta S.A. (Spain), and Kemin Industries Inc. (U.S.).
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