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Animal Feed Preservatives Market Size

  • Report ID: GMI7611
  • Published Date: Dec 2023
  • Report Format: PDF
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Animal Feed Preservatives Market Size

Animal Feed Preservatives Market size was valued at USD 5.06 Billion in 2023 and is anticipated to witness more than 6.1% CAGR from 2024 to 2032. The industry has witnessed significant progression attributed to the increasing demand for high-quality animal nutrition and the need to prevent spoilage of feed ingredients. Key drivers of business expansion include the rising awareness among livestock producers about the benefits of using feed preservatives to maintain feed quality, improve animal health, and enhance productivity.

 

Animal Feed Preservatives Market
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Factors such as growing concerns regarding food safety and the need to minimize economic losses due to feed wastage have also contributed to industry gains.

Animal Feed Preservatives Market Report Attributes
Report Attribute Details
Base Year:2023
Animal Feed Preservatives Market Size in 2023:USD 5.06 Billion
Forecast Period:2024 to 2032
2032 Value Projection:USD 8.55 Billion
Historical Data for:2018 – 2023
No. of Pages:120
Tables, Charts & Figures:252
Segments covered:Preservatives Type, Animal Type, Form, Function & Region
Growth Drivers:
  • Increasing Demand for High-Quality Animal Nutrition
  • Rising Awareness and Adoption
  • Stringent Regulations and Food Safety Concerns
Pitfalls & Challenges:
  • Cost Concerns
  • Environmental and Health Concerns
Learn more about the key segments shaping this market
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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for animal feed preservatives was valued at USD 5.4 Billion in 2023 and is anticipated to grow a CAGR of over 6.1% between 2024 and 2032 driven by the increasing demand for high-quality animal nutrition and the need to prevent spoilage of feed ingredients.

The natural preservatives segment held a dominant market share of around 59.4% in 2023 and is expected to grow at a lucrative pace through 2032, attributing to consumers' increasing preference for healthier and environmentally friendly options.

North America market accounted for a revenue share of 45.3% in 2023 and is anticipated to expand at a significant pace during 2023-2032, driven by robust demand for high-quality animal nutrition, technologically advanced feed production practices, and a strong focus on optimizing livestock health and productivity.

BASF SE, Novus International, Inc., Kemin Industries, Inc., Nutreco N.V. are some of the major industry contenders.

Animal Feed Preservatives Market Scope

  • Animal Feed Preservatives Market Size
  • Animal Feed Preservatives Market Trends
  • Animal Feed Preservatives Market Analysis
  • Animal Feed Preservatives Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 15
    • Tables & Figures: 252
    • Countries covered: 21
    • Pages: 120
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