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Title | Feed Preservatives Market Strategic Analysis of the Key Players and Their Strategies |
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Category | Business --> Agriculture |
Meta Keywords | Feed Preservatives Market |
Owner | pallavi |
Description | |
The feed preservatives market is crucial to the global livestock industry, ensuring the quality and safety of animal feed. By preventing spoilage and extending shelf life, feed preservatives play a vital role in maintaining the nutritional value of feed. This blog delves into the outlook, size, and trends of the feed preservatives market, projecting up to 2030. From 2022 to 2030, the feed preservatives market is expected to grow at a compound annual growth rate of 8.1%. Preservatives are essential in preventing food from becoming bad. By 2030, the feed preservatives market is projected to be worth over USD 13.8 billion. Market Outlook The feed preservatives market is poised for significant growth by 2030, driven by the increasing demand for high-quality animal products and the need for efficient livestock farming. With the global population rising and incomes increasing, the consumption of meat, dairy, and other animal-based products is expected to surge. This, in turn, escalates the demand for quality feed, propelling the feed preservatives market forward. Moreover, the emphasis on sustainable farming practices and the reduction of food waste are key factors influencing market growth. Governments and regulatory bodies worldwide are implementing stringent regulations to ensure feed safety, further boosting the adoption of preservatives. Key Players: Kemin Industries, Inc., Nutreco N.V, Impextraco NV, Biomin Holding GmbH, Merck Animal Health, Alltech, Inc., BASF Animal Nutrition, Cargill, Inc., E.I. Dupont De Nemours and Company, Novus International, Inc., Perstorp Holding AB, and Dupont Nutrition & Health Market Size The feed preservatives market is expected to witness substantial growth in its market size, with projections indicating a compound annual growth rate (CAGR) of around 5-7% from 2023 to 2030. The market, valued at approximately USD 3 billion in 2022, is anticipated to reach USD 4.5-5 billion by the end of 2030. This growth is fueled by the expanding livestock industry, particularly in emerging economies, where the adoption of modern farming practices is on the rise. Key Trends
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