June 23, 2024

“Feed Preservatives Market Analysis: Targeting 8.1% CAGR Growth by 2030”

Feed Preservatives Market  Overview 

 

Preservatives play an important role in food preservation. Preserves for feed are used in feedstuffs of animals to avoid any damage to the feed and increase the preservability. Especially in feeds, antioxidants or preservatives are essential to prevent oxygenation of animal oils and fats. They are also essential in dry feeds. Preserves are available in two forms, namely artificial or natural preserves. Artificial preservatives are also called synthetic preservatives. Natural preservatives appear naturally in various forms, such as vitamin E, citric acid, and rosemary. They also offer anti-inflammatory health benefits. The feed preservatives market size is projected to register a CAGR of 8.1% from 2022-2030. Preservatives play a major part in keeping food from deteriorating. The feed preservatives market size is expected to reach approximately USD 13.8 billion by 2030. To stop animal fats and oils from oxidizing, preservatives or antioxidants are required in food items, particularly animal food products. These goods, such as kibble or dry pet food, cannot be produced without them. Feed preservatives are employed in animal food items to prevent food deterioration and extend shelf life. Animal-derived products such as meat, milk, eggs, and other things are improved in quality by adding nutritional supplements referred to as “feed additives.” Animals are certain of their utmost health and immunity due to vitamins, minerals, amino acids, and other essential nutrients found in feed additives. All these factors are anticipated to drive market growth

 

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Analyses by Region

 

Over the review period, the Asia-Pacific region will have the fastest-growing demand for feed preservatives, while the European region had the largest market in 2015. The move to organized agriculture in aquaculture and poultry parts in emerging markets such as Thailand, India, Malaysia, China, Indonesia, and Vietnam have accelerated market growth in the Asia-Pacific region.

In European countries such as Germany, the United Kingdom, and Spain, tight regulatory restrictions on antibiotics and the increasing popularity of feed acidifiers as a suitable alternative were major reasons for its strong market share in 2015. Seafood is high in protein and contains vitamins and amino acids not found in other meat products. In intensive and semi-intensive aquaculture, modern technology is being used, resulting in advanced feed production for cultured organisms.

 

Competitive Analysis

 

Special chemical manufacturers, such as Perstorp Holding AB (Sweden), among others; additives and premixture manufacturers, such as Nutrition N.V. (Netherlands), Kemin Industries, Inc. (United States), Biomin Holding GmbH (Austria), and Impextraco NV (Belgium), among others; and animal nutrition and health companies, such as Merck Animal Health (USA), Novus AB (Netherlands), Novus AB (Netherlands), Nov In the last five years, the most profitable strategy among the major players has been expansion, acquisitions, and mergers, which should ultimately result in global market consolidation.

However, a drop in global agricultural end-product prices may result in substantial product cost-cutting, which has been shown to be a limiting factor for Feed Preservatives Market Report .

 

Segmental Analysis

 

The market for feed preservatives market trends has been segmented by type, livestock, feed type, and area.

Acidifiers, antioxidants, mold inhibitors, and anticaking agents are the diverse types of feed preservatives available. The acidifiers segment dominated the global feed preservatives market in terms of revenue in 2018. During the forecast period, the segment is also expected to have the highest CAGR of 9.3%. In the liquid feed for cattle animal feed industry, organic acids are most used to inhibit bacterial development.

The global feed preservatives market is divided into poultry, ruminants, swine, aquaculture, and other livestock types. In 2018, the poultry industry accounted for the largest share of the global feed preservatives market. In 2018, the poultry feed segment dominated the global feed preservatives market, accounting for 34.1 percent of the total market share. Poultry farming is profitable, and it accounts for many poultry farming worldwide. During the forecast era, however, the aquaculture segment is expected to expand at the fastest rate.

The Feed Preservatives Market Outlook has been divided into three categories: compound feed, feed premixes, and others. The compound feed segment had the largest revenue share of the market in 2018. Commercialized animal rearing has increased in the last decade because of the rising demand for animal-based products. Nutritional needs have become more important because of the need to improve animal growth and performance. For animal rearers, providing clean and healthy feed is a top priority. The aquafeed market is expanding at a rapid pace, owing to rising demand for aqua-based protein and rising seafood consumption.

 

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