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Global Feed Additives Market 2019-2023

Global Feed Additives Market 2019-2023

  • December 2018
  • 131 pages
  • ID: 5251461

Summary

Table of Contents

About this market

The increasing frequency of new product launches is expected to drive growth in the market. Increasing new product launches by international and regional vendors is expected to drive growth in the feed additives market during the forecast period. Technavio’s analysts have predicted that the feed additives market will register a CAGR of more than 5% by 2023.

Market Overview
Increasing demand for dairy products
The growing demand for dairy products is expected to be another key driver for the global feed additives market during the forecast period. The demand for dairy products is growing on a year-over-year basis as the consumption of these products offers nutrients such as calcium, potassium, vitamin D, and protein.
Risks associated with disease outbreak in poultry and livestock
One of the major challenges faced by the global feed additive market is the disease outbreak in the animals which may reduce the consumption and there be adverse effect on the sale of feed additives.
For the detailed list of factors that will drive and challenge the growth of the feed additives market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Chr. Hansen Holding and Novozymes the competitive environment is quite intense. Factors such as the growing demand for dairy products and the increasing frequency of new product launches, will provide considerable growth opportunities to feed additives manufactures. Adisseo, Archer Daniels Midland, BASF, Cargill, Chr. Hansen Holding, and Novozymes are some of the major companies covered in this report.

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