Market Overview:
Feed Additives are substances utilized to boost the quality of the animal nutrition as well as properties of the animal fodder to enhance the gut health, palatability preservation, and others. Organic feed additives are the natural additives that serve as a better alternative to feed additives as it offers extra nutrients such as minerals, vitamins, and others. They have gained status worldwide, as they further enhance the quality as well as quantity produced by the animals. The global organic feed additive market was valued USD xx billion in 2019 and expected to be growing at a CAGR of xx%, to reach USD xx billion by 2024
Market drivers and restraints:
The world organic feed additives market is developing owing to rising meat consumption. With the growing customer awareness and their rising interest in the healthy lifestyle the demand for organic feed additives has elevated recently. In addition to the changing lifestyle, the growing demand for natural feed additives, increase in meat consumption, quality feed, industrialization of livestock, and the risk of having diseases in livestock is estimated to drive the organic feed additives market. The world organic feed additives market is expected to be propelled by the rising awareness regarding available health advantages to farm animals from the organic feed additives.
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Report segmented as:
By nutrients:
Minerals
Vitamins
Others
By type:
aquatic animals
poultry
swine
others
By form:
dry
liquid
others
By certifications:
100% organic
95% organic
Geographical analysis:
The world organic feed additives market is segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, the Asia Pacific region accounts for the largest market share followed by North America. The growing demand for organic feed additives in Asia Pacific will drive the growth of the market in this region throughout the forecasting period.
Important market players:
Some of the key players in the organic feed additives market: Evonik Industries AG (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Adisseo (France), BASF SE (Germany), Invivo NSA (France).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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