Veterinary Feed Additives Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Veterinary Feed Additives which are used for feeding the Swine Feeds, pig and other animals directly. There are many shape, such as pellets fed, powder feed, liquid feed, etc. Veterinary Feed Additives plays a vital role in the process of ensuring food safety along the entire livestock and aquaculture production and supply chain.
In global market, the production of veterinary feed additives increases from 8848 K MT in 2012 to 10115 K MT in 2016. China is the world's largest feed market. In 2016, the global veterinary feed additives market is led by China, capturing about 30.27% of global veterinary feed additives production. Europe is the second-largest region-wise market with 28.08% global production share. At present, the major leader manufacturers of veterinary feed additives are concentrated in USA and Europe.
Europe was the largest regional market for veterinary feed additives, with revenue exceeding USD 5335 million in 2016. It is further expected still to grow due to downstream demand. In the past time, the global feed market has maintained a more stable growth rate. Africa, China, Latin America have maintained a rapid growth rate. The North American market is stagnant. In the foreseeable future, the growth of this industry mainly comes from the growth of these areas.
In application, veterinary feed additives downstream is wide and recently feed additives has acquired increasing significance in various fields of Cattle Feeds, Cattle Feeds, Sheep Feeds, pig feeds and other feeds. Globally, the feed additives market is mainly driven by growing demand for Swine Feeds which accounts for nearly 48% of total downstream consumption of feed additives in global.
The Global Veterinary Feed Additives Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Veterinary Feed Additives Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Evonik
DuPont
DSM
Adisseo
BASF
ADM
Nutreco
Charoen Pokphand Group
Cargill
Sumitomo
Chemical
Kemin Industries
Biomin
Alltech
Addcon
Bio Agri Mix
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Minerals
Amino Acids
Vitamins
Enzymes
Others
In Market segmentation by applications :
Cattle Feeds
Sheep Feeds
Swine Feeds
Other Feeds
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Veterinary Feed Additives Market for the forecast period 2023 - 2030?
• What are the driving forces in the Veterinary Feed Additives Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Veterinary Feed Additives industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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