Feed Supplements Market Overview

Feed supplements are added to livestock food formulation to increase the nutritional content in the animal feed. The commonly added nutrients include proteins, vitamins, amino acid, fatty acids, minerals and others. They help to improve the feed quality, animal health and reduce the livestock diseases which further helps in quality of products derived from livestock. Growing livestock industry is driving the market for feed supplements.

Feed supplements are a means to provide additional nutritious elements and improve the quality of livestock feed. Growing population in developing countries has increased the demand for production and consumption of poultry, swine, aquaculture and other livestock which is driving the market for feed supplements. Moreover, increasing awareness of animal nutrition and rising concern for animal health is boosting the feed supplements market trends.

Regional governments are forming regulations to standardize meat products to prevent consumers from the outbreak of livestock diseases which is adding fuel to the growth of feed supplements market. However, increase in the cost of raw materials may hamper the market of feed supplements. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.2% of feed supplements market during the forecast period 2022-2030.

Competitive Landscape

Name the players involved in the feed supplements market.

The major players in the feed supplements market

• BASF SE (Germany)
• Archer Daniels Midland Company (U.S.)
• Cargill, Incorporated (U.S.)
• Land O'Lakes, Inc. (U.S.)
• Grain Corp Ltd. (Australia)
• LEO BIO-CARE PVT. LTD (India)
• Dallas Keith Ltd (U.K.)

feed supplements market Segmentation

Feed supplements industry is segmented on the basis of type, form, livestock and region.

Downstream Analysis

Based on the type, liquid feed supplements market is segmented into protein, vitamins, amino acid, fatty acids, minerals and others. Among all, amino acid is dominating the market followed by vitamins. Amino acid contain lysine which is commonly used in poultry and swine feed application. Whereas, vitamin segment is growing rapidly due to vitamin deficiency found in livestock commonly.

Feed supplements market size is segmented on the basis of form such as dry, liquid and others. The dry form of feed supplement is dominating the market. However, the liquid feed supplement is projected to witness high growth over the forecast period.

On the basis of livestock, feed supplements are segmented into ruminants, poultry, swine, aquaculture and others. Among all, ruminates is dominating the market opportunities based on increased consumption of meat and meat products globally. However, poultry segment is witnessing steady growth over the forecast period owing to growth in poultry industry.

Regional Insight

The global feed supplements market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific is dominating the feed supplement market followed by North America. In Asia Pacific, rising population followed by increasing consumption of livestock in developing countries of Asia Pacific is boosting the feed supplement market. Moreover, China is the major exporter of meat which in turn grows the market of cattle feed supplements in this region.

In North America, the U.S. is dominating the market value owing to favourable government regulations imposed. Moreover, rising demand for poultry and swine products in Europe will boost the feed supplement market . Additionally, Brazil and Middle-East regions are witnessing growth owing to increase in demand of protein intake from swine and poultry applications.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America