Feed additives market is estimated to be over US$ 34.4 Bn in 2019. It is anticipated to grow at a CAGR of ~5.8% from 2019 to 2030.
The significant growth of the market can be attributed to increased production & consumption of livestock based products. Moreover, rising focus on livestock growth & welfare promotes the growth of this market. Intensive Research & Development and opening of new facilities by key players for increasing the production of feed additives is propelling the market growth. For instance, in 2019, Archer Daniels Midland Company (ADM) opened a new high-tech livestock feed facility in Quincy, Illinois for expanding and improving their animal nutrition portfolio. However, the stringent regulatory policies in several regions restrict the addition of specific feed additive eventually hampers the market growth.
Major Key Players of the Feed Additives Market are:Cargill,BASF SE, DuPont, ADM Animal Nutrition, Kemin Industries, Alltech, Chr. Hansen Holding A/S, Adisseo, Solvay, Novozymes among others.
Read More @ https://www.openpr.com/news/2028985/feed-additives-market-exploring-future-growth-2019-2030-and-key
The significant growth of the market can be attributed to increased production & consumption of livestock based products. Moreover, rising focus on livestock growth & welfare promotes the growth of this market. Intensive Research & Development and opening of new facilities by key players for increasing the production of feed additives is propelling the market growth. For instance, in 2019, Archer Daniels Midland Company (ADM) opened a new high-tech livestock feed facility in Quincy, Illinois for expanding and improving their animal nutrition portfolio. However, the stringent regulatory policies in several regions restrict the addition of specific feed additive eventually hampers the market growth.
Major Key Players of the Feed Additives Market are:Cargill,BASF SE, DuPont, ADM Animal Nutrition, Kemin Industries, Alltech, Chr. Hansen Holding A/S, Adisseo, Solvay, Novozymes among others.
Read More @ https://www.openpr.com/news/2028985/feed-additives-market-exploring-future-growth-2019-2030-and-key
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