Global Feed Preservatives Market: Overview
Preservatives play an important role in preventing spoilage of food. Feed preservatives are used in animal food products to avoid any spoilage of food product and enhance shelf life. Especially in animal food products, preservatives or antioxidants are essential to avoid animal fats and oils from oxidizing. They are also essential in kibble or dry pet food products. Preservatives are available in two forms, namely, natural and artificial preservatives. Artificial preservatives are also called as synthetic preservatives. Natural preservatives are naturally occurring in various forms such as citric acid, rosemary, and vitamin E. They also offer anti-inflammatory health benefits.
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Global Feed Preservatives Market: Segmentation
The global feed preservatives market is classified based on feed types as feed meal, compound feed, silage, feed premix, and others. Based on types, the global market is fragmented as anticaking agents, mold inhibitors, feed acidifiers, and feed antioxidants. On the basis of livestock, the global feed preservatives market is segregated as aquaculture, cattle, swine, poultry, and others. The geographical region is segmented as Asia-Pacific, Europe, North America, Latin America, and the Middle East.
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Global Feed Preservatives Market: Growth Factors
Feed preservatives are widely preferred in the feed premix industry, hence the demand for feed preservatives is growing rapidly; this is expected to boost the global market growth. They are also used in wide range of applications propelling the global feed preservatives market in future. Feed premixes are the broadly accepted in the feed preservatives market owing to increased need to sustain the quality of premix ingredients include amino acids, vitamins, and minerals those are easily perishable and can deteriorate in the presence of heat, and light. Escalating demand for feed premixes in order to maintain livestock health is projected to fuel usage of feed preservatives by many vendors in order to maintain the premix quality.
Global Feed Preservatives Market: Regional Analysis
Asia-Pacific region is anticipated to grow at the highest rate owing to consumer inclination towards organized farming in poultry and aquaculture sectors. Growth in the disposal income also fosters the global feed preservatives market growth. Emerging markets such as Vietnam, India, Malaysia, Thailand, and Indonesia are projected to propel the global market growth due to the growing demand for compound feed and feed premix in these regions. Adoption of innovative technologies in North America positively influences the global market in this region. Latin America may show significant growth in future. Europe is also considerably grabbing the major market. Increasing popularity for feed acidifiers as a suitable alternative in this region is anticipated to foster the global market growth in future. The European region is prominently expanding its niche market across the country. The European regulatory authorities are focusing towards food safety and livestock health, which may positively affect the global market growth.
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Global Feed Preservatives Market: Competitive Players
Major players in the global feed preservatives market are Perstorp Holding AB, Alltech, Inc., E.I. du Pont de Nemours and Company, Biomin Holding GmbH, and Novus International, Inc. Other players include Kemin Industries, Inc., Impextraco NV, Nutreco N.V., and Cargill, Incorporated.
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