Hyderabad, India -- (SBWire) -- 03/21/2018 --The report " Feed Preservatives Market by Type (Feed Acidifiers, Mold Inhibitors, Antioxidants, Anticaking Agents), by Livestock (Cattle, Poultry, Swine, Aquaculture), by Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Feed Preservatives market is expected to reach USD 3.27 Billion by 2021 from an estimated USD 2.1 Billion in 2016, at a CAGR of 9.2%. Factors such as demand for storage and need for high quality feed products are driving the growth in this market.
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By type, the highest share of the market in 2016 is contributed by the acidifiers segment.
The Feed Preservatives market has been segmented into Feed Acidifiers, Antioxidants, Anticaking Agents and Mold Inhibitors by type. In 2016, the biggest share of the global Feed Preservatives market is accounted by acidifiers segment as they can be a suitable alternative to antibiotics and harmful against bacteria.
By livestock, the poultry segment accounted for the largest share of the market in 2016
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The Feed Preservatives market has been categorized into Cattle, Poultry, Swine, Aquaculture depending on livestock. In 2016, the biggest share of the global Feed Preservatives market is contributed by poultry segment. This growth in this segment is due to rise in poultry industry in Asia & Latin America regions.
By feed type, the largest share of the market is commanded by compound feed segment in 2016
Depending of process, the Feed Preservatives market has been classified into Compound Feed, Feed Premix, Feed Meal, Silage. In 2016, the largest share of global Feed Preservatives market is contributed by the compound feed segment. This segment is predicted to have a very fast growth in the forecast period. Increased shifting of farmers towards farming in poultry and aquaculture is resulting in growth of compound feed segment.
Europe dominated the market in 2016
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The largest share of the Feed Preservatives market in 2016 is commandeered by Europe, followed by North America owing more than 40% of the global share. Asia – Pacific is expected to have a high growth rate due to the presence of emerging market like India & China in the region.
The various players in the Feed Preservatives market include BASF SE, Nutreco N.V., E.I. Dupont De Nemours and Company, Impextraco NV, Alltech Inc., Perstorp Holding AB, Biomin Holding GmbH, Novus International Inc., Cargill Inc., Kemin Industries Inc.
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