The Business Research Company’s Nutritional Feed Additives Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON, UK, October 28, 2021 /EINPresswire.com/ — According to the new market research report ‘Nutritional Feed Additives Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the nutritional feed additives market is expected to grow from $8.27 billion in 2020 to $9.97 billion in 2021 at a compound annual growth rate (CAGR) of 20.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $12.65 billion in 2025 at a CAGR of 6.1%. The rise in consumption of meat products is one of the driving factors for the nutrition feed additives market.
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The nutritional feed additives market consists of sales of nutritional feed additives which are used to improve animals nutrition. Nutrition feed additives are an important portion of nutrition that enhance yield and quality of food. Nutrition feed additives improve the overall gut health, digestion process and appetite. This market includes companies that produce nutritional feed additives such as enzymes, antioxidants, acidifiers, probiotics, prebiotics and others.
Trends In The Global Nutritional Feed Additives Market
Feed additives manufacturers are investing in the R&D of organic feed additives as there is a growing demand for organic and natural feed products in the nutritional feed additives market. When compared to synthetic nutrition feed additives, organic feed additives have less side effects and also improves yield. Therefore, poultry farmers are switching to herbal nutrition feed additives. For instance, Agpulse Organics has come up with its herbal animal feed additive 'Govahnika-Biosheera' which is fed to cattle to increase milk productivity while maintaining the health of cattle and quality of milk.
Global Nutritional Feed Additives Market Segments:
The global nutritional feed additives market is further segmented:
By Distribution Channel: Direct, Indirect, Hypermarket / Supermarket, Specialty Stores, Online Retail
By Livestock: Ruminants, Poultry, Swine, Aquatic
By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors and Sweeteners, Pigments, Binders, Minera
By Form: Dry, Liquid, Others
By Geography: The global nutritional feed additives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Nutritional Feed Additives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides nutritional feed additives global market overviews, analyzes and forecasts market size and growth for the global nutritional feed additives market, nutritional feed additives global market share, nutritional feed additives global market players, nutritional feed additives market segments and geographies, nutritional feed additives market’s leading competitors’ revenues, profiles and market shares. The nutritional feed additives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Nutritional Feed Additives Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Nutritional Feed Additives Market Organizations Covered: BASF SE, Cargill, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Source: EIN Presswire