Worldwide Feed Preservatives Market Overview | Size, Share and Forecast to 2024

Research Reports

Jan 15, 2021

Market Insight

Global Feed Preservatives Market is observing an exponential growth based on its high usage in the feed industry. Feed preservatives are synthetic or natural compounds which are primarily added to feed products in order to restrict the microbial growth. They are used to preserve flavor, taste, and other feed qualities. Also, feed preservatives help in reducing the spoilage from bacteria, fungi, and yeast which increases the feed shelf-life.

Furthermore, increasing awareness regarding health benefits such as prevention from feed-borne diseases is likely to boost the growth of global feed preservatives market. Additionally, the development of new product coupled with scientific advancements is considered to be one of the major reasons for the increasing growth of the feed preservatives market during the review period. However, the high cost of processing techniques and raw materials may hamper the growth of the feed preservatives market over the review period. The market players are responding to these new opportunities by expanding their product line, which has boosted the share of feed preservatives in the global market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 8.9% during the forecast period, 2017-2024.

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Major Key Players

The major players in the Feed Preservatives Market are Impextraco NV (Belgium), Perstorp Holding AB (Sweden), Novus International, Inc. (U.S.), Kemin Industries, Inc. (U.S.), Cargill Inc. (U.S.), Biomin Holding GmbH (Austria), E. I. du Pont de Nemours and Company (U.S.), Alltech, Inc. (U.S.), BASF SE (Germany) and Nutreco N.V. (the Netherlands)

Downstream Analysis

Global Feed Preservatives Market is segmented into type and application.

On the basis of the type, it is segmented into natural, and synthetic. Among the both, synthetic feed preservatives hold the major market share owing to its wide range of product applicability and low cost.

Regional Analysis

Global Feed Preservatives Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The European region is dominating the feed preservatives market followed by Asia Pacific owing to increasing use of feed preservatives for protection & inhibition of the spoilage during storage & transportation. Furthermore, the U.K dominates the European feed preservatives market. Increased demand for animal feed products in the European region is likely to boost the feed preservatives market over the forecast period.

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