Changing Consumer Preference and Shifting Eating Habits Towards Veganism Hampers the Animal Feed Additives Industry Growth Globally | StraitsResearch StraitsResearch company lately announced the newest addition of a report titled, “Animal Feed Additives Market”, into its massive repository of research reports forecast. This report estimates industry market value trends, growth trends and values, regional market growth reason, major vendors competitive level, market share between the key manufacturer, and future growth opportunity. Then, we refer to numerous primary and secondary sources for market predicting and sizing, including but not restricted to user reviews, historic market data, public financial records, and interviews with industry key vendors.
Additionally, the ability of these additives to improve the metabolic activities and provide essential nutrients to the livestock provides an impetus to the market growth. However, stringent regulations related to the use of antibiotics as growth promoters in animal feed hamper the market growth.
Trends in Animal Feed Additives Market
Competitive Landscape Some of the major Companies in the Animal Feed Additives Market are Cargill, Incorporated, Alltech, Kemin Industries, Inc., Koninklijke DSM N.V., Novozymes A/S, Archer Daniels Midland Company, Addcon Group, BASF SE, Adisseo France SAS, Hansen A/S, DuPont de Nemours, Inc., Lallemand Inc., Lesaffre, Nebraska Cultures, Inc, AFB International, Elanco Animal Health Incorporated, NOVUS INTERNATIONAL,
Segmental Insights Trends The Animal Feed Additives Market is Segmented By Feed Type, By Form and By Distribution Channel By Feed Type:
By Form:
- Amino Acid
- Dry
- Antioxidant
- Liquid
- Vitamin - Mineral
By Distribution Channel: - Poultry - Cattle - Pork - Aquaculture
Impact of Covid -19 The outbreak of the COVID-19 pandemic is expected to hinder the growth of the global UV curable inks market. The lockdown strategies and restrictions on physical movements due to the COVID-19 pandemic have significantly decreased the production of these inks due to a halt in production in other industries. Therefore, it is forecasted to severely impact the demand for UV curable inks across the globe. The market is inclined to experience demand as well as supply shocks due to temporary shutdowns of factories. Therefore, the market is expected to observe fluctuations in its demand in recent years.
Regional Insights Geographically, the Animal Feed Additives Market is segmented into six regions. North America Europe Asia-Pacific Central and South America and the Caribbean The Middle East Africa
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