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Animal Feed Preservatives Market Trends

Report ID: GMI7611
Published Date: Dec 2023
Report Format: PDF

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Animal Feed Preservatives Market Trends

The growing preference for natural and organic preservatives derived from plant extracts, essential oils, and organic acids, reflecting consumer demand for healthier and more sustainable products in the livestock industry. This shift is driven by increased awareness of potential health and environmental concerns associated with synthetic preservatives, leading to a surge in research and development efforts focused on natural alternatives. Additionally, technological advancements and innovations in preservation methods, such as encapsulation and nanotechnology, are gaining traction, offering improved efficacy, stability, and targeted delivery of preservatives within animal feed formulations.

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.