Selbyville, Delaware, April 06, 2020 (GLOBE NEWSWIRE) -- Worldwide veterinary feed additives market is valued at USD 17,200 million in 2020, and is anticipated to surpass a valuation of USD 21,350 million, at a CAGR of 3.1 per cent through 2026. Growing use in livestock and aquaculture feeds to ensure food safety, has massively driven the product adoption.
Based on type segmentation, the market is bifurcated into minerals, vitamins, amino acids, enzymes, and others. The application spectrum includes cattle feeds, sheep feeds, swine feeds, and other feeds. The industry trends across Asia Pacific, Europe, North America, ME&A, and Latin America are covered in the report. It also encompasses details on the competitive landscape of this industry, including the presence of reputed industry participants, their growth strategies, and market share.
Veterinary feed additives are directly added to the swine feeds, feeds for pigs, and other animals. These additives are available globally in different shapes like powder feed, pellet feed, liquid feed, and others. The production of veterinary feed additives worldwide has seen a significant growth from 8.848 K MT in 2012 to 10,115 K MT in 2016.
Regionally, China has emerged to be the world’s largest feed market allowing it to capture nearly 30.27 per cent of the global veterinary feed additives production in 2016. China is followed by Europe, which stands as the second largest market for veterinary feed additives production, acquiring a business share of over 28.08 per cent.
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Major leaders of veterinary feed additives market are concentrated in the Europe and USA regions.
The worldwide veterinary feed additives industry is segmented on the basis of type, applications, regional demographics, and competitive landscape:
Veterinary Feed Additives Market Type Analysis (Revenue, 2015-2026, USD Million)
- Minerals
- Amino Acids
- Vitamins
- Enzymes
- Others
Veterinary Feed Additives Market Application Analysis (Revenue, 2015-2026, USD Million)
- Cattle Feeds
- Sheep Feeds
- Swine Feeds
- Other Feeds
Veterinary Feed Additives Market Regional Demographic Analysis (Revenue, 2015-2026, USD Million)
Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
Europe
- Germany
- France
- U.K.
- Italy
- Russia
Latin America
- Mexico
- Brazil
- Argentina
Middle East & Africa
- Turkey
- Saudi Arabia
- U.A.E
North America
- U.S.
- Canada
Veterinary Feed Additives Market Competitive Landscape Analysis (Revenue, 2015-2026, USD Million)
- Evonik
- DowDuPont
- DSM
- Adisseo
- BASF
- ADM
- Nutreco
- Charoen Pokphand Group
- Cargill
- Sumitomo
- Chemical
- Kemin Industries
- Biomin
- Alltech
- Addcon
- Bio Agri Mix
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Related Report:
Animal Feed Additives Market Professional Survey Report 2019
The global Animal Feed Additives market was valued at 16100 million US$ in 2018 and will reach 20000 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2019-2025, as per new research report. Animal Feed Additives which are used for feeding the Swine Feeds, pig and other animals directly. There are many shape, such as pellets fed, powder feed, liquid feed, etc. Veterinary Feed Additives plays a vital role in the process of ensuring food safety along the entire livestock and aquaculture production and supply chain.
In global market, China is the world's largest feed market in 2017, capturing about 30.27% of global veterinary feed additives production.
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