Veterinary feed additives are directly mixed into the swine feeds, feeds for pigs, and alternative animals. These additives are offered globally in numerous shapes like powder feed, pellet feed, liquid feed, and others. Additives are the parts crucial for the sweetening of performance in addition because of the health of the animals. Hence, these products are circuitously influencing human food characteristics. Consumption of food containing an acceptable number of additives exerts positive effects on farm animals, like improvement in digestion and copy.This growth is primarily driven by The rise in Demand and Consumption of Livestock-Based Products like Dairy, Meat, and Eggs and Growth in Demand Nutritional Feed Grade Diet for Pets and Livestock for Health and Wellness.
Globally, a noticeable market trend is evident Product Enhancement in Terms of taste Preference and Customised Nutritional Pack
. The Food Products sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), ADM (United States), Evonik (Germany), DuPont (United States), BASF (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark) and TEGASA (Spain) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2021, Kemin Industries launched a new product named KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets. KemTRACE Chromium-OR is a water-soluble, highly bioavailable, organic source of chromium that helps improve glucose utilization and reduce the negative impacts of stress for increased cellular energy and function.
According to EU Regulation 1831/2003, Those who seek approval for the products as livestock food additives must submit them to the European Food Safety Authority (EFSA) and shall be allocated to one or more of the categories, depending on its functions and properties from technological additives, sensory additives (changes the organoleptic properties of the feed), nutritional additives and zootechnical additives (enhancing the performance of animals in good health).
- The rise in Demand and Consumption of Livestock-Based Products like Dairy, Meat, and Eggs
- Growth in Demand Nutritional Feed Grade Diet for Pets and Livestock for Health and Wellness
- Product Enhancement in Terms of taste Preference and Customised Nutritional Pack
- Clean Label Packaging Practices
- Rising Cost of Extraction from Seeds, Tree Barks, And Plant Leaves
Growing Demand for the Organic Feed Options for the Veterinary Purpose and Rising Investments of the Government and Private Research Institutions
Less Awareness about the Veterinary Feed Additives
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Veterinary Feed Additives Study Sheds Light on
The Veterinary Feed Additives Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Veterinary Feed Additives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Veterinary Feed Additives industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Veterinary Feed Additives Market?
The Veterinary Feed Additives market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Veterinary Feed Additives Market?
Top performing companies in the Global Veterinary Feed Additives market are Cargill (United States), ADM (United States), Evonik (Germany), DuPont (United States), BASF (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark) and TEGASA (Spain), to name a few.
3. Which region dominated the worldwide market for Veterinary Feed Additives in 2020?
Europe is dominating the Veterinary Feed Additives Market.