According to a market report by Lucintel, the future of the global synthetic feed additive market looks promising with opportunities in the poultry, ruminant, swine, and aquatic animal markets. The global synthetic feed additive market is expected to reach an estimated $58 billion by 2035 from $36 billion in 2027 with a CAGR of 5.8% from 2027 to 2035. The major drivers for this market are the increasing livestock production boosting feed additives demand, the rising meat consumption supporting feed efficiency, and the growing focus on animal nutrition quality.
A more than 150-page report to understand trends, opportunity and
forecast in global synthetic feed additive market to 2035 by type (amino acids,
phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers,
flavors & sweeteners, antibiotics, and others), livestock (poultry,
ruminants, swine, aquatic animals, and others), form (dry and liquid), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, amino acid is expected
to witness the highest growth over the forecast period due to rising demand for
nutritional and feed supplement solutions.
Within the livestock category, poultry is expected to witness the highest
growth over the forecast period due to increasing poultry production and
consumption.
Download sample by clicking on synthetic feed additive market.
In terms of regions, APAC will remain the largest region over the
forecast period due to expanding livestock industry and growing feed
requirements.
Cargill, Incorporated, ADM, International Flavors & Fragrances Inc.,
Evonik Industries AG, BASF SE, DSM-Firmenich, Ajinomoto Co., Inc, Novonesis
Group, Adisseo, Jubilant Ingrevia Limited are the major suppliers in the synthetic feed additive market.
This
unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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