TOP 10 COMPANIES IN FEED ADDITIVES MARKET
Added: (Fri Dec 29 2023)
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The global Feed Additives Market is poised for substantial growth, with projections indicating a market value of $51.2 billion by 2030, representing a robust Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period from 2023 to 2030. The key drivers of this growth include the continuous expansion of the compound feed sector, heightened demand for meat and dairy products, and a surge in livestock disease outbreaks. Additionally, opportunities abound for manufacturers due to the industrialization of the livestock sector and the increased use of feed additives in developing countries. However, the market faces challenges, notably the ban on antibiotic use in animal feed.
Leading Companies Shaping the Feed Additives Market: https://meticulousblog.org/top-10-companies-in-feed-additives-market/
1. BASF SE (Germany)
BASF SE, a major player in various industries, offers innovative feed additives for diverse animal species through its Nutrition & Care business.
Geographic Presence: Europe, North America, Asia-Pacific, Latin America, Middle East & Africa.
2. Koninklijke DSM N.V. (Netherlands)
Koninklijke DSM N.V. is a science-based company providing feed additive products such as vitamins, carotenoids, enzymes, and eubiotics for a range of animals.
Geographic Presence: North America, Latin America, Europe, Asia-Pacific, Middle East & Africa.
3. Kemin Industries Inc. (U.S.)
Kemin Industries offers over 500 specialty ingredients for human and animal health and provides feed additives for poultry, swine, dairy, beef, equine, and aquaculture.
Global Presence: Operations in 90 countries, manufacturing facilities across the globe.
4. Evonic Industries AG (Germany)
Evonic Industries produces specialty chemicals, including feed additives for poultry, swine, ruminants, and aquaculture.
Global Presence: Active in over 100 countries across Europe, North America, Asia, Australia/Oceania, Africa, the Middle East, and Latin America.
5. International Flavors & Fragrances Inc. (U.S.)
IFF manufactures feed additives for poultry, swine, and ruminants through its Nourish segment.
Geographic Presence: North America, Europe, Asia-Pacific, Middle East & Africa, Latin America.
Meticulous Research Findings: A recent report by Meticulous Research forecasts a growth rate of 5.3% in the Feed Additives Market during the period from 2023 to 2030. This growth is attributed to the rising global demand for sustainable agriculture and an increasing preference for animal protein consumption.
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Noteworthy Companies in the Feed Additives Market:
6. Biovet S.A. (Spain)
Biovet S.A. specializes in manufacturing additives and premixes for animal nutrition, offering solutions for various species.
Geographic Presence: Europe, North America, Asia-Pacific.
7. Cargill, Incorporated (U.S.)
Cargill, a global player in food, agriculture, and industrial products, provides feed additive products through its Animal Nutrition segment.
Global Presence: Operations in more than 125 countries.
8. Archer-Daniels-Midland Company (U.S.)
ADM manufactures and distributes food ingredients and flavors, with a focus on animal nutrition through its Nutrition segment.
Presence: Across North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
9. Nutreco N.V. (Netherlands)
Nutreco is involved in manufacturing and selling nutritional products and services for animal nutrition and fish feed.
Geographic Presence: North America, Latin America, Europe, Asia, Middle East & Africa.
10. Bluestar Adisseo Co. (China)
Bluestar Adisseo Co. develops and markets animal nutrition products, providing innovative feed additive solutions globally.
Geographic Presence: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Additional Notable Mentions: Alltech Inc. (U.S.), ADDCON GROUP GmbH (Germany), Royal Agrifirm Group (Netherlands), Land OLakes, Inc (U.S.), and Altilis Nutrition Animale (France) also contribute significantly to the dynamic landscape of the Feed Additives Market.
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Market Outlook: As outlined in the latest report by Meticulous Research, the Feed Additives Market is set to experience substantial growth, driven by factors such as the expanding compound feed sector and heightened global demand for meat and dairy products. The industry remains resilient despite challenges, with opportunities emerging in developing nations and the growing industrialization of the livestock sector.
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