Plant-Derived Feed Additive Market was valued at USD 4.12 Billion in 2022 and is projected to reach USD 7.11 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The global plant-derived feed additive market was valued at approximately USD 2.5 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of around 8.5% from 2023 to 2028. This growth is attributed to the increasing demand for natural and sustainable feed solutions in the livestock sector. The shift towards plant-based additives is driven by the rising awareness of animal health and consumer preference for eco-friendly products, leading to significant investments in research and development. Additionally, regulatory changes favoring the use of plant-based ingredients in animal feed further bolster market expansion.
Opportunities within the market are amplified by the growing trend of integrating plant-derived additives into various animal feed formulations to enhance nutritional value and improve overall animal performance. Emerging markets, particularly in Asia-Pacific and Latin America, are expected to witness substantial growth due to rising meat consumption, expanding agricultural activities, and supportive government policies. These regions present lucrative prospects for market players looking to capitalize on the increasing adoption of sustainable feed practices and the enhancement of livestock productivity through plant-derived solutions.
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CJ Group
DSM
Kemin Industries
Sumitomo Chemical
ADM
Alltech
Biomin
Lonza
Lesaffre
Nutreco
Novozymes
CSP Inc
Carhill
Delacon
DuPont
Adisseo
Pancosma
Nutrex
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plant-Derived Feed Additive Market
Cattle Feeds
Sheep Feeds
Pig Feeds
Poultry Feeds
Others
Based on Types the Market is categorized into Below types that held the largest Plant-Derived Feed Additive market share In 2023.
Contains Herbs
Herb-Free
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plant-Derived Feed Additive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plant-Derived Feed Additive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant-Derived Feed Additive Market, By Type
6. Global Plant-Derived Feed Additive Market, By Application
7. Global Plant-Derived Feed Additive Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plant-Derived Feed Additive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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