Market Scenario
Organic Feed Additives Market is expected to reach USD 17.2 Billion by 2024 and is expected to register 5.2% CAGR during the forecast period. Organic feed additives are edible substances, which are used to boost the quality of animal nutrition as well as properties of animal fodder to improve gut health, palatability preservation, and others. It is experiencing a high demand because of its nutritional as well as extra micro nutritional attributes and rising meat consumption globally. High nutritional benefits obtained from organic feed additives are also supporting the sale of organic feed additives globally.
The global market for Organic Feed Additives Market By Application is expected to continue its growth over the forecast period due to rising meat consumption globally and increasing health awareness as well as health benefits to farm animals in recent years. Since organic feed additives market’s growth is directly proportional to the scope of innovation due to highly competitive market, key players are investing in R&D for the innovating product lines. Moreover, leading players are also investing in partnership with various feed additive associations and industrial bodies as the primary focus area to grow the consumer base.
The major competitors in this market are inclined to increase their footprints across the globe by acquiring local and regional players. Apart from this, the companies are introducing their products in the developing economies to penetrate the untapped market. Major players are also investing in R&D initiatives especially to develop superior & highest quality products by including organic and natural ingredients.
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This report includes the study of strategies such as mergers and acquisitions, new product launches by the major organic feed additives market players. It further includes product portfolios, developments of leading major players, which includes Ý MOŠT S.R.O.
- Evonik Industries AG (Germany)
- Archer Daniels Midland Company (U.S.)
- Cargill, Incorporated (U.S.)
- Hansen Holding A/S (Denmark)
- Adisseo (France)
- BASF SE (Germany)
- Invivo NSA (France)
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This report provides insights to various levels of analysis such as industry analysis, market share analysis leading market players and their profiles. This report also helps to study the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global organic feed additives market, including the high-growth regions, countries and their political, economic and technological environments.
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