Global Animal Feeds Additives: China 32% in First Place and Europe Accounts 22% of total Market

Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given following a scientific evaluation demonstrating that the additive has no harmful effects, on human and animal health and on the environment.

The global Animal Feeds Additives market was valued at US$ 25330 million in 2022 and is anticipated to reach US$ 29140 million by 2029, witnessing a CAGR of 2.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The major players of Animal Feeds Additives cover BASF, Adisseo, Slade Inc., ADM, Nutreco, etc.
Regionally, China is the biggest consumption area of Animal Feeds Additives in the world, with about 32 percent of global total share.

Europe is the second place in the world and accounts for about 22% of total.

Due to the wide range of Animal Feeds Additives application, such as in Poultry Feeds, Pig Feeds, etc., the market size of Animal Feeds Additives will not shrink.

For More Details :

Leave a Reply

Your email address will not be published. Required fields are marked *