(EMAILWIRE.COM, February 05, 2019 ) The Global Specialty Feed Additives Market was valued at USD 8.16 billion in 2016 and is projected to reach USD 12.98 billion by 2025, growing at a CAGR of 5.30% from 2017 to 2025.
Specialty Feed Additives Market is basically for farm animals and acts as a food supplement. Their motive is to make up for the lack of nutrients that the animals do not receive in the regular diet, this will in turn improve the health of all the farm animals. Vitamins, Minerals, Fatty acids are some of the basic special feed additives. Special Feed Additives are very hygienic and easy to digest for all farm animals. The reason this market is gaining importance is due to the high rate of disease infliction within common farm animals.
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1. Market Drivers
1.1 High consumption of animal products.
1.2 New technologies in animal husbandry.
1.3 High rate of meat consumption.
1.4 Strong impacts on the environment.
2. Market Restraints
2.1 Rising costs of machinery and raw materials.
2.2 Lack of consistency in regulatory structure.
The Global Specialty Feed Additives Market is segmented on the basis of Function, Type, Form, Region and Livestock.
1. By Function:
1.1 Mycotoxin Management
1.2 Gut Health & Digestive Performance
1.3 Palatability Enhancement
1.4 Preservation of Functional Ingredients
2. By Type:
2.6 Flavors & Sweeteners
3. By Form:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of World.
5. By Livestock:
5.3 Aquatic Animals
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The major players in the market are as follows:
1. Evonik Industries
3. Invivo NSA
4. Kemin Industries Inc.
5. Lucta S.A.
6. BASF SE
7. Nutreco N.V.
8. Alltech Inc.
9. Chr Hansen Holding A/S
10. Biomin Holding GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.