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Animal Feed Additives Market by Animal Type and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 153
  • SKU: IRTNTR72404
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The animal feed additives market share is expected to increase to USD 8.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.27%.

The animal feed additives market report also offers information on several market vendors, including Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., Associated British Foods plc, Biochem additives and product mbH, Bluestar Adisseo Co., Cargill Inc., Corbion NV, BIOMIN Holding GmbH, Evonik Industries AG, Jefo, Kemin Industries Inc., Koninklijke DSM NV, Land O Lakes Inc., Lawleys Inc., Novozymes AS, Novus International Inc., Nutreco NV, Solvay SA, BASF SE, Chr. Hansen Holding AS, and International Flavors and Fragrances Inc. among others. Furthermore, this animal feed additives market research report extensively covers market segmentation by type (poultry, ruminants, swine, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

What will the Animal Feed Additives Market Size be During the Forecast Period?

Animal Feed Additives Market Size

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Animal Feed Additives Market: Key Drivers, Trends, and Challenges

The rise in global meat consumption is notably driving the animal feed additives market growth, although factors such as increase in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the animal feed additives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Animal Feed Additives Market Driver

  • One of the key factors driving the global animal feed additives market growth is the rise in global meat consumption.
  • The poultry segment experienced the highest growth, which increased by approximately 16% between 2010 and 2020. Moreover, people have become more conscious about their protein intake in their daily diet. This has led to an increase in meat consumption.
  • As per the OECD, the global production of meat (beef, poultry, and pork) in 2021 was 340 million tons compared to nearly 248 million in 2018.
  • The consumption of meat products has become a vital factor as nutrition boosts the well-being of people.
  • The majority of the global rise in meat production and consumption is from APAC and MEA.
  • The healthy economic growth in these regions has boosted the production and consumption of meat, which will positively impact the market growth in the forecast years.

Key Animal Feed Additives Market Challenge

  • One of the key challenges to the global animal feed additives market growth is the increase in raw material prices.
  • Feed acids, antioxidants, and vitamins are extracted from natural sources such as seeds, barks, and leaves. With the growing global population and the consequent rise in demand for food, the animal feed industry is facing severe pressure in procuring raw feed such as corn, wheat, and barley.
  • The upgrades, innovations, and installations of the latest technology and machinery lead to a substantial increase in the operating cost.
  • The price of raw materials such as essential oils and plant extracts is increasing in Europe and North America due to their alternative applications in pharmaceutical and cosmetic products. Such factors will negatively impact the market growth in the forecast period.

Key Animal Feed Additives Market Trend

  • Product launches is one of the key animal feed additives market trends that is expected to support the industry growth in the forecast period.
  • Manufacturers of animal feed are encompassing innovative and distributive strategies to increase the market size of these products.
  • In March 2021, BIOMIN launched Mycofix Plus 5.Z with ZENzyme in APAC. It is an innovative, all-in-one feed additive providing next-generation mycotoxin risk management for breeding animals and their offspring.
  • In October 2021, Cargill launched its poultry feed with essential oils for healthy flocks and maximized egg production. Nutrena NatureWise formulas boost the overall wellness, happiness, and productivity of chickens.

Such factors will further support the market growth in the coming years.

This animal feed additives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global animal feed additives market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the animal feed additives market during the forecast period.

Who are the Major Animal Feed Additives Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Ajinomoto Co. Inc.
  • Alltech Inc.
  • Archer Daniels Midland Co.
  • Associated British Foods plc
  • Biochem additives and product mbH
  • Bluestar Adisseo Co.
  • Cargill Inc.
  • Corbion NV
  • BIOMIN Holding GmbH
  • Evonik Industries AG
  • Jefo
  • Kemin Industries Inc.
  • Koninklijke DSM NV
  • Land O Lakes Inc.
  • Lawleys Inc.
  • Novozymes AS
  • Novus International Inc.
  • Nutreco NV
  • Solvay SA
  • BASF SE
  • Chr. Hansen Holding AS
  • International Flavors and Fragrances Inc.

 

This statistical study of the animal feed additives market encompasses successful business strategies deployed by the key vendors. The animal feed additives market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

Product Insights and News

  • Ajinomoto Co. Inc. - Under the frozen foods segment, the company offers indigo collagen, low protein food, glycation, ketolide, collagen, and many more. 
  • Ajinomoto Co. Inc. - The company offers animal feed additives that provide amino acids, indigo collagen, low protein food, glytacin, collagen, and many more, under the brand name of Ajinomoto Co.Inc. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The animal feed additives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Animal Feed Additives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the animal feed additives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Animal Feed Additives Market?

Animal Feed Additives Market Market segmentation by region

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61% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for animal feed additives in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the demand for poultry and other meat products will facilitate the animal feed additives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hampered the growth of the regional animal feed additives market in 2020. However, the market is expected to gain momentum during the forecast period due to the large consumption of meat products which would bolster the regional demand for meat and, consequently, for animal feed additives in the region during the forecast period.

What are the Revenue-generating Type Segments in the Animal Feed Additives Market?

Animal Feed Additives Market Segmentation

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The animal feed additives market share growth by the poultry segment will be significant during the forecast period. Growing concerns about animal health and consumer preferences for a specific color of yolk and meat will boost the demand for poultry feed additives, which will support the market growth through this segment in the coming years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the animal feed additives market size and actionable market insights on post COVID-19 impact on each segment.

 

Animal Feed Additives Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.27%

Market growth 2022-2026

$ 8.39 billion

Market structure

Fragmented

YoY growth (%)

5.97

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 61%

Key consumer countries

US, China, India, Ukraine, UK, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., Associated British Foods plc, Biochem additives and product mbH, Bluestar Adisseo Co., Cargill Inc., Corbion NV, BIOMIN Holding GmbH, Evonik Industries AG, Jefo, Kemin Industries Inc., Koninklijke DSM NV, Land O Lakes Inc., Lawleys Inc., Novozymes AS, Novus International Inc., Nutreco NV, Solvay SA, BASF SE, Chr. Hansen Holding AS, and International Flavors and Fragrances Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Animal Feed Additives Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive animal feed additives market growth during the next five years
  • Precise estimation of the animal feed additives market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the animal feed additives industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of animal feed additives market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Animal Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Animal Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Animal Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Animal Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Animal Type
      • Exhibit 26: Chart on Comparison by Animal Type
      • Exhibit 27: Data Table on Comparison by Animal Type
    • 5.3 Poultry - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Poultry - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Poultry - Year-over-year growth 2021-2026 (%)
    • 5.4 Ruminants - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Ruminants - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Ruminants - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Ruminants - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Ruminants - Year-over-year growth 2021-2026 (%)
    • 5.5 Swine - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Swine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Swine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Swine - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Swine - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Animal Type
      • Exhibit 44: Market opportunity by Animal Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Ukraine - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Ukraine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Ukraine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Ukraine - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Ukraine - Year-over-year growth 2021-2026 (%)
    • 7.12 Brazil - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Brazil - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
    • 7.13 UK - Market size and forecast 2021-2026
      • Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Ajinomoto Co. Inc.
              • Exhibit 101: Ajinomoto Co. Inc. - Overview
              • Exhibit 102: Ajinomoto Co. Inc. - Business segments
              • Exhibit 103: Ajinomoto Co. Inc. - Key offerings
              • Exhibit 104: Ajinomoto Co. Inc. - Segment focus
            • 10.4 Alltech Inc.
              • Exhibit 105: Alltech Inc. - Overview
              • Exhibit 106: Alltech Inc. - Product / Service
              • Exhibit 107: Alltech Inc. - Key offerings
            • 10.5 Archer Daniels Midland Co.
              • Exhibit 108: Archer Daniels Midland Co. - Overview
              • Exhibit 109: Archer Daniels Midland Co. - Business segments
              • Exhibit 110: Archer Daniels Midland Co. - Key news
              • Exhibit 111: Archer Daniels Midland Co. - Key offerings
              • Exhibit 112: Archer Daniels Midland Co. - Segment focus
            • 10.6 Associated British Foods plc
              • Exhibit 113: Associated British Foods plc - Overview
              • Exhibit 114: Associated British Foods plc - Business segments
              • Exhibit 115: Associated British Foods plc - Key offerings
              • Exhibit 116: Associated British Foods plc - Segment focus
            • 10.7 BASF SE
              • Exhibit 117: BASF SE - Overview
              • Exhibit 118: BASF SE - Business segments
              • Exhibit 119: BASF SE - Key news
              • Exhibit 120: BASF SE - Key offerings
              • Exhibit 121: BASF SE - Segment focus
            • 10.8 Biochem additives and product mbH
              • Exhibit 122: Biochem additives and product mbH - Overview
              • Exhibit 123: Biochem additives and product mbH - Product / Service
              • Exhibit 124: Biochem additives and product mbH - Key offerings
            • 10.9 Bluestar Adisseo Co.
              • Exhibit 125: Bluestar Adisseo Co. - Overview
              • Exhibit 126: Bluestar Adisseo Co. - Product / Service
              • Exhibit 127: Bluestar Adisseo Co. - Key offerings
            • 10.10 Cargill Inc.
              • Exhibit 128: Cargill Inc. - Overview
              • Exhibit 129: Cargill Inc. - Product / Service
              • Exhibit 130: Cargill Inc. - Key news
              • Exhibit 131: Cargill Inc. - Key offerings
            • 10.11 Chr. Hansen Holding AS
              • Exhibit 132: Chr. Hansen Holding AS - Overview
              • Exhibit 133: Chr. Hansen Holding AS - Business segments
              • Exhibit 134: Chr. Hansen Holding AS - Key offerings
              • Exhibit 135: Chr. Hansen Holding AS - Segment focus
            • 10.12 Corbion NV
              • Exhibit 136: Corbion NV - Overview
              • Exhibit 137: Corbion NV - Business segments
              • Exhibit 138: Corbion NV - Key offerings
              • Exhibit 139: Corbion NV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 140: Inclusions checklist
                • Exhibit 141: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 142: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 143: Research methodology
                • Exhibit 144: Validation techniques employed for market sizing
                • Exhibit 145: Information sources
              • 11.5 List of abbreviations
                • Exhibit 146: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Animal Feed Additives market growth will increase by $8391.59 million during 2022-2026.
              The animal feed additives market is expected to grow at a CAGR of 6.27% during 2022-2026.
              Technavio has segmented the animal feed additives market by animal type (Poultry, Ruminants, Swine, and Others) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., Associated British Foods plc, Biochem additives and product mbH, Bluestar Adisseo Co., Cargill Inc., Corbion NV, BIOMIN Holding GmbH, Evonik Industries AG, Jefo, Kemin Industries Inc., Koninklijke DSM NV, Land O Lakes Inc., Lawleys Inc., Novozymes AS, Novus International Inc., Nutreco NV, Solvay SA, BASF SE, Chr. Hansen Holding AS, International Flavors and Fragrances Inc. are a few of the key vendors in the animal feed additives market.
              APAC will register the highest growth rate of 60.71% among the other regions. Therefore, the animal feed additives market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the animal feed additives market growth are:
              • Rise in global meat consumption
              • Product launches
              The animal feed additives market vendors should focus on grabbing business opportunities from the poultry segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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