A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Specialty
Feed Additives
Market. The
study, titled “Specialty
Feed Additives Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Specialty
feed additives are food supplements that are primarily used for farm
animals. Specialty feed additives make up for the lack of nutrients
animals get through other food that farmers provide. Important
nutrients that farm animals require are amino acids, fatty acids,
vitamins, and minerals. The nutritional value of animal feed is not
only influenced by nutrition content but also depends on hygiene,
digestibility, and its effect on intestinal health. Hence, specialty
feed additives are gaining importance.
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Market Research Report @
Based
on type, the specialty feed additives market is classified into
minerals, binders, vitamins, acidifiers, flavors & sweeteners,
antioxidants, and others (complex carbohydrates, enzymes etc.). In
terms of livestock, the specialty feed additives market is divided
into poultry, ruminants, swine, and aquatic animals. Specialty feed
additives are available in liquid and dry forms. Dry form can be
available in pellets or powder. Rise in eruption of diseases in
livestock and increase in consumption of animal products are the
major factors driving the specialty feed additives market. Lack of
awareness about the advantages of specialty feed additives among
small scale farmers and rise in raw material and operational costs
may hamper the demand for specialty feed additives in the near
future. Global feed markets increasingly driven by knowledge of
animal genetics and improvement in nutrition efficiency due to higher
focus on productivity improvements.
The
poultry segment is anticipated to expand at significant pace during
the forecast period, followed by swine and ruminant segments.
Increase in poultry trade and rise in concerns about food security
are the major factors projected to boost the specialty feed additives
market during the forecast period.
In
terms of types of specialty feed additives, the acidifiers segment is
anticipated to expand at a rapid pace during the forecast period. The
flavors & sweeteners segment accounted for key share in 2015. It
was followed by the minerals segment in the same year.
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Based
on form, the specialty feed additives market is segmented into liquid
and dry. The liquid segment is expected to expand at a high CAGR
compared to the dry form during the forecast period. Liquid specialty
additives are gaining popularity due to their low cost vis-à-vis the
dry form.
Based
on function, the specialty feed additives market is segmented into
mycotoxin management, palatability enhancement, preservation of
functional ingredients, and others (greater dry matter intake and
increased capacity for nutrient absorption). Palatability enhancement
is projected to be the rapidly growing segment during the forecast
period. Palatability enhancement of the feed leads to high feed
intake by livestock. Thus, the segment is expanding substantially in
the specialty feed additives market.
Asia
Pacific is anticipated to be a rapidly growing market for specialty
feed additives. It is expected to be followed by Europe and North
America during the forecast period. Increase in population, rise in
disposable income, and growth in urbanization are estimated to propel
the demand for specialty feed additives during the forecast period.
The specialty feed additives market in China, India, and Japan is
likely to expand at a high rate, led by the increase in purchasing
power of consumers in these countries.
Key
players operating in the specialty feed additives market include BASF
SE, Evonik Industries, Novus International, Akzo Nobel Surface
Chemistry AB, DSM, Novozymes A/S, Nutreco N.V., Brookside Agra, Kemin
Industries Inc., Biomin Holding GmbH, Invivo NSA, and Chr. Hansen
Holdings A/S.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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