Feed Preservatives Market: Size, Share, Growth and Forecast

Feed preservatives market size is estimated to be valued at USD 4.8 billion in 2022. It is projected to reach USD 6.7 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. Some of the reasons that are driving the growth of the feed preservatives market are increasing demand for meat consumption in developing countries, growth in livestock farming, increasing need to store feed for livestock, and growing application of livestock in the food industry.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260003490

Feed Acidifiers Reign Supreme

Within the feed preservatives market, feed acidifiers hold the largest market share. These products, which include organic acids like citric and propionic acid, inhibit the growth of harmful bacteria and microbes. This promotes proper gut health in livestock, leading to better growth rates, feed efficiency, and overall meat quality – a key factor for consumers seeking high-quality meat products.

Other Feed Types See Promising Growth

The “other feed types” segment, encompassing mixed feeds, raw materials for calves, dairy cows, and feedlot livestock, is expected to witness significant feed preservatives market growth. Modern feed production involves careful selection and mixing of ingredients to retain nutritional value for various livestock types.

Asia Pacific Leads the Pack

The Asia Pacific region is emerging as the fastest-growing market for feed preservatives industry. This growth is driven by:

  • Soaring Meat Consumption: Developing economies like China, Japan, and Malaysia are experiencing a surge in meat consumption.
  • High Demand for Meat and Byproducts: Growing demand for meat and animal byproducts fuels the need for effective feed preservation.
  • Combating Livestock Infections: Addressing livestock infection issues is crucial for maintaining animal health and production efficiency.
  • Shifting Food Habits and Demographics: Changing consumer preferences, rising disposable incomes, and population growth are all contributing factors.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=260003490

This market report also provides insights into the marketing and development strategies of leading companies like BASF SE, Cargill, Nutreco NV, and others. It offers valuable information for industry stakeholders looking to capitalize on the growing demand for feed preservatives.