Organic Feed Additives Market Detailed Analysis of Future Trends and Growth
Posted by Nikhil khadilkar on February 10th, 2020
Organic Feed Additives Market is expected to reach USD 17.2 Billion by 2024 and is expected to register 5.2% CAGR during the forecast period. Organic feed additives are edible substances, which are used to boost the quality of animal nutrition as well as properties of animal fodder to improve gut health, palatability preservation, and others. It is experiencing a high demand because of its nutritional as well as extra micro nutritional attributes and rising meat consumption globally. High nutritional benefits obtained from organic feed additives are also supporting the sale of organic feed additives globally.
The global market for Organic Feed Additives Market Share is expected to continue its growth over the forecast period due to rising meat consumption globally and increasing health awareness as well as health benefits to farm animals in recent years. Since organic feed additives market’s growth is directly proportional to the scope of innovation due to highly competitive market, key players are investing in R&D for the innovating product lines. Moreover, leading players are also investing in partnership with various feed additive associations and industrial bodies as the primary focus area to grow the consumer base.
Increasing number of health-conscious consumers in developed as well as developing economies is one of the driving forces for this market. Some of the key players are also investing in R&D for development of new product lines with improved formulations. Many consumers consume products involving organic feed additives in bakery products, confectionery items, beverages, and others. They provide health benefits as well as nutritional benefits by offering some extra micronutrients, thus increasing the market for organic feed additives.
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This report includes the study of strategies such as mergers and acquisitions, new product launches by the major organic feed additives market players. It further includes product portfolios, developments of leading major players, which includes Ý MOŠT S.R.O.
The global organic feed additives market is highly concentrated in Asia Pacific because of its abundance in raw materials as well as technical know-how. Key manufacturers are focusing on expanding their product lines by providing various product lines with the various flavors, combinations, and attractive packaging.
The global organic feed additives market is segmented on the basis of product types, such as acidifiers, antioxidants, antibiotics, amino acids, enzymes, binders, and others. On the basis of nutrients such as minerals, vitamins, and others. On the basis of livestock type, such as aquatic animals, poultry, swine, and others. On the basis of form, such as dry, liquid, and others. On the basis of certifications, such as 100% organic, and 95% organic, and region.
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About the AuthorNikhil khadilkar
Joined: December 19th, 2018
Articles Posted: 524
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