Market Research Future (Food and Beverages) Feed Additives Market Research Report- Forecast | Page 4

Feed Additives Market Research Report- Forecast Till 2023
3 Sample Pages
Key Findings:
Global feed additives market is projected to reach USD 39,432.9 million by 2023 at a growth rate of 5.96%
Acidifiers is witnessed to have the highest growth rate with CAGR of 7.24% over the forecast period 2017-2023
Amino acids are expected to grow at a CAGR of 6.92% in North America followed by Asia Pacific over the forecast
period.
The liquid form of feed additives is projected to witness highest growth rate over the estimated period.
Segments:
On the basis of form, the dry segment is dominating the market holding a leading share of 87.45%. Most of the
additives used for feed are naturally available in a dry form which is one of the major reasons for its major market
share in the global market. High shelf-life of the product is also a contributing factor to its large market share in the
global feed additives market. However, the liquid segment is projected to be the fastest growing segment at a CAGR
of 6.83% over the forecast period. Convenience usage is the major contributing factor for the growth of liquid feed
additives in the global market.
On the basis of livestock, the poultry segment dominates the market based on the increasing demand for poultry in
the Middle East and Latin America. Moreover, it is the fastest growing segment at a CAGR of 6.18% over the
estimated period followed by the ruminants segment.
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