The Feed Preservatives Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Feed Preservatives Market is estimated to be USD 2.3 billion in 2016 and predicted to rise to USD 3.27 billion by 2021 with a CAGR of 9.2%. The market is segmented by Type (Feed Acidifiers, Mold Inhibitors, Antioxidants, Anticaking Agents), by Livestock (Cattle, Poultry, Swine, Aquaculture), by Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
According to the current market trend the Global Feed Preservatives market is expected to show evident growth potential in the coming years. The major factors driving the market include regulatory requirements to improve feed quality, unpredictable harvest patterns of crops leading to the need for feed storage and industrialization in the sector of poultry across developing markets. The main factor acting as a restraint for the market is the limited profit margin on the End product, which has been a hurdle in the investments for the market.
The market for feed preservatives has been segmented on the basis of type, livestock and feed type. Under the segmentation by type acidifiers hold the largest market share as a result of its multi-functional role as acidity regulator, gut health promoter and antimicrobial. The Poultry segment accounts for the highest market share over other segments under livestock due to the increasing growth of the overall poultry sector. On the basis of feed type segmentation, compound feeds hold the highest market share over other segments.
On the basis of geographical analysis, Europe has been dominating the market for Feed preservatives, followed by North America and Asia-Pacific. Asia-Pacific is predicted to have the highest growth compared to others in the mentioned forecast period.
Among the various agriculture based companies, the ones dominating the Feed Preservatives market include BASF SE, Nutreco N.V., E.I. Dupont De Nemours and Company, Alltech Inc., Perstorp Holding AB, Novus International Inc., Biomin Holding GmbH, Impextraco NV, Cargill Inc., Kemin Industries Inc.
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