The animal feed preservative market is expected to be valued at US$ 298.6 million in 2024. The market’s progress is projected to rise at a CAGR of 5.5% from 2024 to 2034. By 2034, the market value is forecasted to hit US$ 512.2 million.
Animal-based product producers are actively seeking ingredients that can help maintain animal health, and this has led to the emergence of animal feed preservatives as key aspects for them.
Animal feed preservatives play a crucial role in ensuring the safety and quality of animal feed. They help to prevent the growth of harmful bacteria and fungi, which can cause diseases and reduce the nutritional value of the feed. The increasing demand for animal feed preservatives is driven by the rising awareness about animal health among farmers, pet owners, and other stakeholders.
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Farmers and animal owners are becoming increasingly aware of the importance of providing high-quality feed to their animals. They are looking for ways to ensure the safety and quality of the feed they provide to their animals. This has led to an increase in demand for animal feed preservatives, as these products can help to improve the shelf life of animal feed and reduce the risk of contamination.
Growing concern about food safety among consumers. Consumers are increasingly concerned about the safety and quality of the food they eat, including animal-based products. This has led to an increased demand for animal feed preservatives as consumers seek to ensure the safety and quality of the animal-based products they consume.
The increasing demand for animal-based products in the emerging economies is driving the growth of the animal feed preservatives market. The rising population and increasing disposable income in these economies have led to a significant increase in demand for animal-based products. This has created a significant opportunity for animal feed preservative manufacturers to expand their business and cater to the growing demand.
The implementation of stringent regulations by government authorities regarding animal feed quality and safety is driving the demand for animal feed preservatives. Government authorities are enforcing regulations to ensure that animal feed is safe and of high quality. This has led to an increase in demand for animal feed preservatives, as these products can help to meet the regulatory requirements.
Key Takeaways from the Animal Feed Preservative Market
- The animal feed preservative market is estimated to register a CAGR of 5.5% and reach a valuation of US$ 512.2 million by 2034.
- The powder segment is anticipated to dominate the market by holding a 33% market share in 2024.
“The implementation of stringent regulations by government authorities regarding animal feed quality and safety is driving the demand for animal feed preservatives. Government authorities are enforcing regulations to ensure that animal feed is safe and of high quality. This has led to an increase in demand for animal feed preservatives, as these products can help to meet the regulatory requirements,” says an analyst at FMI.
Competitive Landscape
The competition in the global market is heavily impacted by various manufacturers and distributors, and their locations. These stakeholders are focusing on expanding their manufacturing capabilities to gain an advantage in the market. In order to enhance customer experience, several companies are implementing new marketing strategies. The market is witnessing a surge in the popularity of organic and natural feed preservatives, which is attracting more consumers towards them.
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Key Segments
By Product Type:
- Synthetic
- Organohalogen compounds
- Aldehydes
- Glycol ethers
- Parabens
- Natural
- Nisin
- Natamycin
- Benzyl Alcohol
- Salicylic Acid
- Sorbic Acid
- Natural Acids
- Botanical Extracts
- Others
By End-Use Application:
- Pelleted Feeds
- Mash Feeds
- Silage
- Hay
- Grain Storage
- Liquid Feeds
- Others
By Form:
- Powder
- Liquid
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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