Global Veterinary Feed Additives Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Veterinary Feed Additives report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.
Global Veterinary Feed Additives Market Overview:
According to market analysts, Global Veterinary Feed Additives Market is projected to grow at a high CAGR value from 2019 to 2023.
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with the slowdow in world economic growth, the Veterinary Feed Additives industry has also suffered a certain impact, but still maintained a relatively optimistic growth, Veterinary Feed Additives market size to maintain the average annual growth rate of 15 from 2014 to 16200.0 million $ in 2018, Market analysts believe that in the next few years, Veterinary Feed Additives market size will be further expanded, we expect that by 2023, The market size of the Veterinary Feed Additives will reach 18800.0 million $.
Growth in the feed production and technological innovations and the adoption of advanced animal husbandry practices are some factors which are driving the growth of the market. Moreover, the increase in the demand and consumption of livestock-based products and the rising focus on livestock growth and welfare, together with the emphasis on standardization of meat products, is driving the global demand for feed additives.
Additives act as a catalyst that helps disease prevention in animals, improve weight gain, vitamin intake, feed digestion, and conversion; thereby enhancing the quality of meat production. Animal feed additives are a vital component for the growing meat production sector. Animal feed and feed additives are mixed with simple feed to convey nutrition and improve the overall growth of the animal.
The Veterinary Feed Additives Market is segmented based on Type, Livestock, Form, Source and Regions.
On the basis of type, the market is sub-segmented into Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, Antioxidants. The feed additives market is estimated to be dominated by the mineral segment, in 2018, by volume.
Based on livestock, the market is categorized into swine, ruminants, poultry, aquatic animals, and others (equine, pets, and birds). According to form, it is classified into dry, liquid, and others (powder and pellet form).
Regionally, in 2017, Asia-Pacific dominated the global veterinary feed additives market, in terms of both value and volume. The region is also expected to witness the highest growth rate during the forecast period.
This report includes a study of strategies, of major market players. It includes Evonik, DuPont, DSM, Adisseo, BASF, ADM, Nutreco, Charoen Pokphand Group, Cargill, Sumitomo, Chemical, Kemin Industries, Biomin, Alltech, Addcon, Bio Agri Mix.
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Key Regions:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
The report also focuses on the significance of industry chain analysis and all variables, both upstream and downstream. These include equipment and raw materials, client surveys, marketing channels, and industry trends and proposals. Other significant information covering consumption, key regions and distributors, and raw material suppliers are also a covered in this report.
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