Animal Feed Additives Market Projected to be Worth $53.7 Billion by 2030: Grand View Research, Inc.

Get more Insights from full market research report with TOC, "Animal Feed Additives Market Size, Share & Trends Analysis Report By Product (Antibiotic, Vitamin, Antioxidant), By Livestock (Poultry, Pork, Cattle, Aquaculture), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Animal Feed Additives Market Growth & Trends

Animal feed additives are types of supplements added to the feed which enhance the overall health, appearance, and body structure of the livestock. These additives make the livestock more desirable to the consumers and profitable for the cultivators. Generally utilized additives include vitamins, amino acids, enzymes, and antibiotics, among others. These additives are utilized extensively in the feed industry, especially for commercial purposes.

The demand for meat and other animal-based products directly affects the demand for additives. These additives are essential for supporting the global animal-based industries, which include the meat, poultry, milk, and milk products industries, among others. The use of these products in livestock diet is promoted for non-commercial uses, as they improve the overall health of the animals and enhance their growth and development.

Regions such as Europe and North America, where the consumption of meat is very high, serve as potentially major markets. The meat industry is highly dependent on the animal feed additives industry for optimum quality of meat. The growing population around the globe is also projected to surge the demand for meat and animal-based products, which will subsequently boost the market growth.

The recent COVID-19 pandemic adversely affected the market, due to labor shortages and disruptions in the supply chain. Although the market has shown an overall prompt recovery after the pandemic and has exhibited prolific growth in this period, and is anticipated to expand quickly during the forecast years.

Animal Feed Additives Market Segmentation

Grand View Research has segmented the global animal feed additives market on the basis of product, livestock, and region:

Animal Feed Additives Market - Product Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

Animal Feed Additives Market - Livestock Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

Animal Feed Additives Market - Regional Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

List of Key Players in the Animal Feed Additives Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's  Animal Feed and Feed Additives Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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