Mark Twain's blog : Feed Additives Market Size – Global Opportunities & Forecast, 2021-2028
Global Feed
Additives Market
According to the GMI Research report,
the Feed
Additives Market is projected to experience a sturdy rate of
5.8% over the forecast period. Feed additives include vitamins, fatty acids,
medical and steroidal compounds. The additive helps in muscle growth, enhancing
egg and coat quality, which drives the global market.
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Report on Feed Additives Market
Feed
Additives Market Dynamics
The surging consciousness about the importance of protein to
enhance overall health and mental growth has bolstered the demand for
animal-based protein by means of milk or eggs. Hence, the facet of animal
products can be enhanced by adding qualitative feed additives, which is one of
the major forces responsible for the growth of the global feed
additives market. Feed additives serve an important part of animal
nutrition to enhance the quality of food and animal health, further elevating
market growth. The growing demand for animal products such as meats, eggs,
dairy, and dairy-based items is projected to steer the feed additives
consumption. The introduction of capital-intensive technologies has made meat
and poultry production possible. Also, the livestock products are intended to
enhance the production yield, which may strengthen the market growth. In
accordance with the Food and Agricultural Organization, in 2019, the population
of cattle touched 1.8 billion. The rise in livestock production will propel the
demand for feed additives to feed the mounting livestock population.
However, the inflated price of raw materials such as
antioxidants, feed acids, and vitamins extricated from the barks, seed, and
plant leaves is a major issue faced by feed producers. The stringent norms for
wastewater treatment and waste biomaterials concerned with the rising
extrication cost can further obstruct the market size.
Type
Segment Drivers
On the basis of type, the Amino Acid segment is anticipated
to encounter a faster rate over the coming years. The increasing consciousness
towards rising disease incidences has driven the market growth. Amino acids are
the protein constituents in animal health and improve gut health, reproduction,
food intake, and metabolism. For instance, amino acids enhance fodder
effectiveness, formulation, and egg production in chicken fodder. The amino
acid enhances meat quality with more protein and less fat content.
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