Market Overview
Global Feed Supplements Market is the focus of the latest market research report from Market Research Future (MRFR). The global feed supplements market is assessed in detail in the report in order to provide readers with solid projections regarding the global feed supplements market’s growth prospects over the forecast period from 2018 to 2023. The historical growth trajectory of the global feed supplement market is profiled in detail in the report to provide pointers as to what makes the market tick and what hampers the market’s progress. The leading players operating in the global feed supplement market are also profiled in the report to provide readers with a comprehensive overview of the market’s competitive landscape.
Feed Supplements are used to enhance the nutritional profile of animal feed through the addition of various minerals, vitamins, proteins, and fatty acids. The feed supplement market has been driven at a rapid growth rate in the historical review period by the growing demand for improved animal feeds in the animal products sector. Improvements in animal feed correlate directly with improvements in the quality of the meat produced from the animal, as well as playing a vital role in keeping the animal healthy and sound otherwise. feed supplements for animals over the forecast period.
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The increasing awareness about the role of feed supplements in preventing diseases is also likely to be a major driver for the global feed supplements market over the forecast period. Rather than having to spend money on treatments, many animal product manufacturers are focusing on methods to prevent the diseases in the first place by improving the immunity and overall health of the animals through the addition of dietary supplements. This is likely to remain a major driver for the global feed supplements market over the forecast period, as the husbandry sector has increasingly made animal health a priority in recent years due to the higher production volumes of animals whose needs have been met.
Key Players
Leading players in the global Feed Supplements Market include
- BASF SE,
- Grain Corp Ltd.,
- Archer Daniels Midland Company.
- Dallas Keith Ltd.,
- Leo Bio-Care Pvt. Ltd.,
- Cargill Inc.,
- Land O’Lakes Inc
Industry Updates
In January 2019, ID4Feed, a French manufacturer of animal feed supplements, acquired the PEEV eco-extraction platform, which allows the user to extract plant supplements at a lower cost and with less damage to the environment than with conventional methods.
Segmentation
Global Feed Supplements Market is segmented based on Type, Form, Livestock and Region.
Based on type, the global feed supplements market is segmented into vitamins, proteins, fatty acids, amino acids, minerals, and others. The amino acid segment dominates the global feed supplements market, followed by vitamins. Amino acids are crucial in maintaining sound health in animals, while vitamins are crucial in preventing deficiency diseases.
Based on form, the global feed supplements market is segmented into dry, liquid, and others. The dry segment dominates the global feed supplement market due to the widespread usage and easy storage of dry feed supplement. However, liquid feed supplement is expected to exhibit a higher CAGR over the forecast period.
By livestock, the global Feed Supplements Market is segmented into ruminants, poultry, swine, aquaculture, and others. The ruminants segment dominates the global feed supplements market due to the increasing demand for cattle meat and dairy products. The poultry segment also constitutes a significant portion of the global feed supplements market due to the widespread popularity of chicken and is likely to exhibit the fastest growth over the forecast period.
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