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Feed Additives Market Share

ID: MRFR//3665-CR | 105 Pages | Author: Pradeep Nandi| July 2019

The Feed Additives Market has seen many trends and changes reflecting animal nutrition’s changing landscape, consumer preferences, and increasing challenges faced by the livestock industry. One such trend in feed additives is an increased demand for those that are natural and sustainable. Consumers today are looking for more information about the food they eat, where it comes from and how it impacts livestock production on the planet; thus there has been a shift in favor of naturally sourced feed additives. Thus this has resulted into development of new formulations of plant extracts, enzymes or probiotics that improve health and performance among animals while also fulfilling sustainability objectives.

This is because the demand for animal protein (such as meat, eggs and dairy products) has also grown leading to an increase in feed utilization therefore more feed shall be required in future. The output of poultry meat has expanded significantly due to high demand for it thus leading to reduced prices that majority can afford unlike for beef or pork. This is not only applicable to developed nations but also developing countries experiencing similar rises in per capita incomes.

On the other hand, this input argues that whether talking about antibiotics used on animals’ food or even use of biotechnology in producing genetically modified organisms, one thing for sure is that these technologies are here to stay since they have been successfully utilized over a long period of time. Technological advancements such as GMOs have occurred in agriculture without any negative effects on human life so far. Consumer should consider ethical and cultural issues relating to food production such as organic farming and animal welfare among others before making their decision on what to buy. Their findings revealed that up to 30% of vegetables had pesticide residues while others contained harmful chemicals; hence there was need for strengthening regulations against this problem.

Moreover, the continuous shift toward an all-organic and sustainable agricultural practice plays a determining role in shaping the market for feed additives. In today’s world consumers are becoming more aware of environmental impacts and ethical dimensions associated with food production. It means that there is now a higher requirement for products from animals raised with minimal reliance on antibiotics and chemicals.

The growth of the market is fostered by technological advances made in the formulation and delivery systems of feed additives. Current researches concentrate on improving bioavailability plus nutrient stability within supplements used within feeds Innovative procedures such as encapsulation technologies, nanotechnology, precision delivery systems etc., increased efficiency of feeding additives ensuring targeted nutrient release/uptake within digestive system.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2019 - 2021
Forecast Period 2023-2030
Growth Rate 7.20% (2023-2030)
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