#Animal Feed Additives Market Trend

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Animal feed acidifier market is expected to grow at a CAGR of 4.90% in the forecast period 2021 to 2028. Increasing consumption of meat and dairy products is the major factor driving the growth of animal feed acidifier market in the forecast period of 2021-2028.

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Exploring Innovations Revolutionizing the Animal Feed Industry

Introduction

The global animal feed market was valued at over USD 460 billion in 2021 and is projected to exceed USD 650 billion by 2028, registering a compound annual growth rate CAGR of 4% during the forecast period. The Animal Feed Market is experiencing dynamic changes driven by evolving consumer preferences, technological advancements, and sustainability initiatives. This in-depth analysis delves into the latest innovations shaping the animal feed industry, providing insights into key trends, opportunities, and challenges for stakeholders.

Innovations Driving the Animal Feed Market:

Alternative Protein Sources:

With the escalating demand for sustainable and plant-based diets, alternative protein sources for animal feed formulations are gaining momentum.

Innovations in insect protein production, algae cultivation, single-cell proteins, and microbial biomass offer sustainable alternatives to conventional protein sources like soybean meal and fishmeal.

These alternative protein sources not only promote environmental sustainability but also provide essential nutrients for animals while reducing reliance on scarce resources.

Precision Nutrition:

Advancements in precision nutrition technologies are reshaping feed formulation and delivery, enabling customized diets tailored to individual animals' specific nutritional requirements.

Technologies such as near-infrared spectroscopy (NIRS), metabolomics, and predictive modeling enable real-time monitoring of animal health, performance, and nutrient utilization, leading to more efficient feed management practices.

The precision nutrition segment is anticipated to witness substantial growth, driven by increasing investments in digital technologies and data analytics, with the market expected to surpass USD 3 billion by 2028.

Alternative protein sources are expected to capture a significant market share, with insect protein alone projected to reach USD 1.5 billion by 2028.

Functional Feed Additives:

Functional feed additives, including probiotics, prebiotics, enzymes, organic acids, and botanical extracts, are gaining prominence for their potential to enhance animal health, immunity, and performance.

These additives support gut health, improve nutrient absorption, and mitigate the adverse effects of stress, pathogens, and environmental challenges on animal welfare.

Innovations in encapsulation and delivery technologies are enhancing the stability and efficacy of functional additives, ensuring their effectiveness throughout the animal's digestive tract.

Blockchain and Traceability:

Blockchain technology is increasingly being harnessed to enhance transparency, traceability, and accountability in the animal feed supply chain.

Through blockchain-based platforms, stakeholders can track feed ingredient journeys from farm to fork, ensuring compliance with quality standards, safety regulations, and sustainability criteria.

Blockchain facilitates seamless data sharing and verification across the supply chain, mitigating the risks of fraud, contamination, and mislabeling, thereby safeguarding animal and human health while bolstering consumer trust.

Challenges and Opportunities

Regulatory Hurdles:

Despite the potential benefits of innovative feed technologies, regulatory hurdles and approval processes can impede their adoption and commercialization.

Stakeholders must navigate complex regulatory landscapes and demonstrate the safety, efficacy, and sustainability of novel feed ingredients and additives to gain regulatory approval and market acceptance.

Cost Considerations:

The adoption of innovative feed technologies may involve higher initial costs and necessitate investment in research and development.

Stakeholders must carefully evaluate the cost-benefit ratio of implementing new technologies, considering factors such as feed efficiency improvements, animal performance gains, and long-term sustainability benefits.

Conclusion

Innovation is driving profound changes in the Animal Feed Market, offering transformative solutions to meet the evolving needs of livestock producers, consumers, and the environment. By embracing cutting-edge technologies and addressing regulatory challenges, stakeholders can unlock new opportunities for sustainable and profitable animal nutrition solutions while ensuring the health, welfare, and productivity of animals.

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Animal Feed Additives Market Outlook for Forecast Period (2023 to 2030)

Global Animal Feed Additives Market was valued at USD 22.15 Billion in 2021 and is expected to reach USD 33.75 Billion by the year 2028, at a CAGR of 6.2%.

Feed additives is substance or combination of ingredients mixed into the basic feed mix or parts thereof to cater to the specific need. Feed additives form an essential part of animal nutrition, which enhances the feed quality, yield & quality of food from animal origin, and animal health. Generally, application in microquantities and requires careful handling and mixing. It is used to enhance the rate of gain, feed efficiency, preventing and controlling disease, prevention against untoward environmental influences. Furthermore, feed additives have main two types such as nutrient feed additives which include amino acids, minerals, and vitamins, and non-nutrient feed additives which include antibiotics, hormones, immunomodulators, enzymes, probiotics.

Leading players involved in the Animal Feed Additives Market include:

BASF SE, Tyson Foods Inc., Lallemand Inc., Kemin Industries, E. I. du Pont de Nemours and Company, Ajinomoto Co. Inc., Koninklijke DSM N.V., Akzo Nobel N.V., Alltech Inc., Biomin GmbH, Cargill Inc., Chr. Hansen Holding A/S, CP Group, Evonik Industries AG, Norel S.A., Novozymes A/S, Nutreco, Phibro Animal Health Corporation, Novus International Inc., Solvay Group, Archer Daniels Midland Company, Invivo Group and others Major players. 

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The latest research on the Animal Feed Additives market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Animal Feed Additives industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Animal Feed Additives market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Animal Feed Additives Market:

By Type

Amino Acids

Antibiotics

Feed Enzymes

Feed Acidifiers

Vitamins

Others

By Form

Dry

Liquid

By Source

Synthetic

Natural

By Livestock

Ruminant

Swine

Poultry

Aquaculture

Others

An in-depth study of the Animal Feed Additives industry for the years 2023–2030 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

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Access a detailed breakdown of the Animal Feed Additives Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.

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Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.

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Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.

5. Competitive Intelligence:

Obtain a detailed analysis of competitors and their key tactics in the Animal Feed Additives Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.

6. Accurate Business Forecasting:

Evaluate the accuracy of global Animal Feed Additives Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.

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Animal Feed Additives Market Growth, Overview with Detailed Analysis 2022-2028

Animal Feed Additives Market Growth, Overview with Detailed Analysis 2022-2028

The Animal Feed Additives Market research report 2022-2030 provides an in-depth analysis of the changing trends, opportunities, and challenges influencing the growth over the next decade. The study includes a detailed summary of each market along with data related to demand, supply and distribution. The report examines Animal Feed Additives market growth strategies adopted by leading…

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Vitamin B1 Prices | Pricing | Trend | News | Database | Chart | Forecast

 Vitamin B1, also known as thiamine, is an essential nutrient that plays a crucial role in energy metabolism, nerve function, and overall health. Over recent years, the market for Vitamin B1 has witnessed notable fluctuations in pricing due to various factors that affect both demand and supply. Understanding the trends in Vitamin B1 prices requires a deeper dive into these factors, including raw material availability, manufacturing costs, consumer demand, and global economic conditions. Thiamine is commonly used in dietary supplements, fortified foods, and animal feed, making it an important ingredient in several industries. Its pricing, therefore, holds significant relevance for both producers and consumers.

One of the primary factors affecting Vitamin B1 prices is the cost and availability of raw materials required for its production. The main sources for producing Vitamin B1 are synthetic chemicals that undergo a series of complex manufacturing processes. The availability and price of these raw materials can fluctuate due to changes in agricultural yields, chemical feedstock supply, and geopolitical factors. For instance, disruptions in the supply chain or increased transportation costs for chemical precursors can lead to a rise in production costs, which ultimately impacts the price of Vitamin B1 in the market. In addition, any changes in regulatory policies, such as environmental regulations governing the chemical industry, can add further pressure to the cost structure of Vitamin B1 manufacturing, influencing its market price.

Get Real Time Prices for Vitamin B1: https://www.chemanalyst.com/Pricing-data/vitamin-b1-1181The global market for Vitamin B1 is also heavily influenced by demand trends from both the food and pharmaceutical industries. As consumers become more health-conscious and seek out products that can enhance their well-being, the demand for dietary supplements containing essential vitamins like thiamine has grown steadily. This increase in demand has put upward pressure on Vitamin B1 prices. Furthermore, with the rise of vegan and plant-based diets, the demand for vitamin supplements, particularly B vitamins that are harder to obtain from non-animal sources, has seen a significant surge. In addition, animal nutrition, specifically livestock and poultry industries, also requires significant quantities of Vitamin B1 for feed supplements. As global meat consumption rises, the demand for Vitamin B1 in animal feed formulations has similarly grown, adding further upward pressure on prices.

Another key factor influencing the pricing of Vitamin B1 is the overall economic environment and global trade dynamics. The production of thiamine is often concentrated in certain regions, such as China, which is a leading manufacturer of this vitamin. Any disruptions in these major production hubs due to factors like labor shortages, economic slowdowns, or trade restrictions can significantly impact global supply. For example, trade wars, tariffs, or restrictions on imports and exports can cause supply shortages, which may drive up the cost of Vitamin B1 internationally. Moreover, currency fluctuations in major manufacturing countries can also affect the price of raw materials and finished products, leading to price volatility in global markets.

Technological advancements in the production of Vitamin B1 can also play a role in pricing trends. Innovations that make the production process more efficient can help reduce costs and potentially lower market prices. For instance, improvements in fermentation techniques or chemical synthesis processes can streamline the production of thiamine, resulting in lower manufacturing costs. However, these technological improvements often require significant investment, and the initial cost of adopting new technologies can temporarily increase production expenses, which may reflect in short-term price increases.

Environmental and sustainability concerns are another growing factor that influences the pricing of Vitamin B1. As consumers and governments alike prioritize environmentally friendly and sustainable practices, the pressure on manufacturers to adopt greener production methods has increased. While these initiatives are beneficial for long-term environmental health, they can result in higher costs for manufacturers. Complying with stricter environmental regulations or investing in sustainable practices such as waste reduction and energy-efficient manufacturing can increase overall production costs. Consequently, this may result in higher prices for Vitamin B1 as companies pass on these costs to the consumer.

The COVID-19 pandemic had a profound impact on the global market for vitamins, including Vitamin B1. During the height of the pandemic, the demand for immune-boosting supplements, including vitamins, soared as consumers sought to improve their overall health and immunity. This surge in demand, coupled with supply chain disruptions caused by lockdowns, logistical challenges, and labor shortages, led to significant price increases for many vitamins, including thiamine. As the world recovers from the pandemic, the market has seen some stabilization, but lingering supply chain issues and fluctuating demand continue to impact Vitamin B1 pricing.

Finally, market competition plays a pivotal role in determining the price of Vitamin B1. The global market for vitamins is competitive, with numerous players vying for market share. Producers in different regions often compete based on pricing, product quality, and production capacity. Larger manufacturers with economies of scale may be able to offer lower prices, while smaller or regional players may face higher production costs, leading to price variations in different markets. Additionally, the level of competition in the market can drive innovation, with companies investing in research and development to create more efficient production processes, improve product quality, and differentiate themselves from competitors.

In conclusion, the price of Vitamin B1 is influenced by a combination of factors, including raw material costs, demand trends, global economic conditions, technological advancements, environmental regulations, and market competition. While demand for Vitamin B1 continues to grow due to its importance in health and nutrition, its price will likely remain subject to fluctuations driven by these various elements. Understanding these factors is essential for businesses and consumers alike, as they navigate the dynamic and evolving market for essential vitamins like thiamine.

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Growth of the Global Polyglycerol Market Size: Regional Outlook and Analysis 2024-2036

The recent market research analysis of “Polyglycerol Market: Global Demand Analysis & Opportunity Outlook 2036” by Research Nester deliver an in-depth competitors analysis and a detailed overview of the global polyglycerol market in terms of market segmentation by type, application, product, end-use, and by region over the forecast period, i.e., 2023-2033.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global drug delivery systems market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.

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Global polyglycerol market to find numerous growth opportunities on the back of the growing adoption in animal feed and poultry and the application of polyglycerols in processed food and beverages, finds Research Nester

The global polyglycerol market is estimated to grow majorly on account of the increased adoption of polyglycerols in the pharmaceutical sector and biomedical industries. Polyglycerols are widely used as drug carriers for regenerative therapies. The sales of pharmaceuticals increased to a total of USD 1,187 billion in 2021 from USD 972.5 billion in 2018. The rising sales of pharmaceuticals raise the need for polyglycerols worldwide and propel the expansion of the market.

The global polyglycerol market is segmented on the basis of products into PG-2, PG-3, PG-4, PG-6, PG-10, and others. The PG-3 segment is predicted to receive a disproportionately large share of the ratings by 2033. It is projected that the segment to continue to lead over the forecast period owing to its extensive uses in the food and personal care industries. In the personal care industry, PG-3 is used to make a variety of products including moisturizers, foundation, anti-aging serums, lip gloss, and hair conditioners. For instance, when it comes to the manufacturing of cosmetics in Europe, France topped the continent with 841 small and medium-sized enterprises (SMEs) as of 2020, followed by Italy with 736 SMEs.

By region, the Asia Pacific polyglycerol market is to generate the highest revenue by the end of 2033. This growth is anticipated as a result of polyglycerol esters, which are used more frequently in the food and pharmaceutical industries since they are thought of as edible substances. For instance, the pharmaceutical market in China increased by 4% from 2018 to 2019. China produced pharmaceutical goods worth more than USD 276 billion in 2019.

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The research is global in nature and covers a detailed analysis of the polyglycerol market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East ). In addition, an analysis comprising of global polyglycerol market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.

This report also provides the existing competitive scenario of some of the key players of the global polyglycerol market which includes company profiling of Taiyo Kagaku Co., Ltd., Estelle Chemicals Pvt.Ltd., NOVEL CHEM, SPELL ORGANICS LTD, Oleon NV., Spiga Nord S.p.A, Croda International Plc, Sakamoto Yakuhin Kogyo Co., Ltd., Merck KGaA, Koninklijke DSM N.V., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global polyglycerol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Uncover detailed forecasts for the Animal Feed Market, including ingredients, additives, and form, with a focus on regional growth trends until 2029.

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Calcium Formate Market Growth at 5.1% CAGR: Insights into Applications and Regional Trends

Calcium formate, a calcium salt of formic acid, is widely used as a cement additive, animal feed preservative, and in the leather tanning process. Its role in accelerating cement hydration and improving the strength and durability of construction materials makes it a key ingredient in the building and construction industry. Additionally, the compound is gaining traction in the animal feed industry due to its preservative and acidifying properties, contributing to the overall health and growth of livestock.

The global Calcium Formate market was valued at US$ 543.2 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2034. By the end of 2034, the market is expected to reach US$ 935.0 million. Furthermore, growing awareness of sustainable agricultural practices and the increasing use of calcium formate in livestock feed as an acidifier and preservative are expected to boost market demand.

Increasing demand for calcium formate in construction industry as cement additive and concrete accelerator, preservative and calcium source in animal feed additives, chrome free tanning agent in leather industry, buffering agent in the textile industry, and intermediates in chemical industry drives the growth of the calcium formate market.

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By Service Type:

Manufacturing: Involves the production and supply of calcium formate in various forms such as powder and granules.

Distribution: Focuses on the logistics, warehousing, and distribution of calcium formate across regions.

By Sourcing Type:

Natural sourcing: Calcium formate can be extracted from natural sources like formic acid.

Synthetic sourcing: Industrial processes such as the reaction of calcium hydroxide with formic acid are widely used for calcium formate production.

By Application:

Construction: Used as an additive in cement and concrete for improving setting times and strength.

Animal Feed: Applied as a preservative and acidifier to improve livestock health.

Leather Tanning: Employed in the leather industry to accelerate the tanning process.

Chemicals: Utilized in various chemical reactions as a reducing agent.

By Industry Vertical:

Building & Construction

Agriculture

Leather & Textiles

Chemical Industry

By Region:

North America

Europe

Asia-Pacific

Middle East & Africa

Latin America

Regional Analysis

North America: The region is expected to witness steady growth driven by increasing demand from the construction sector, particularly in the U.S. and Canada.

Europe: Europe holds a significant market share due to the well-established construction industry and stringent environmental regulations promoting the use of sustainable additives.

Asia-Pacific: The region is poised for rapid growth, fueled by booming infrastructure projects and rising demand for livestock feed additives in countries like China, India, and Southeast Asia.

Middle East & Africa: Infrastructure investments and the development of the agricultural sector in the region are expected to create demand for calcium formate.

Latin America: The region is likely to experience moderate growth, driven by the agricultural and construction sectors.

Market Drivers and Challenges

Drivers:

Infrastructure Development: Ongoing construction activities, particularly in emerging economies, are driving the demand for calcium formate as a cement additive.

Agriculture Sector Growth: The increasing use of calcium formate in animal feed is supporting the expansion of the livestock industry.

Environmental Regulations: Stringent regulations in regions like Europe are encouraging the use of eco-friendly additives like calcium formate in construction and industrial processes.

Challenges:

Fluctuations in Raw Material Prices: The availability and cost of raw materials such as formic acid can impact calcium formate production and pricing.

Competition from Alternatives: The presence of alternative chemicals and additives in certain industries could pose a challenge to calcium formate market growth.

Market Trends

Sustainability: With growing emphasis on sustainability, calcium formate is being increasingly used as a green additive in construction and agriculture.

Technological Advancements: Innovations in calcium formate production processes, especially those focused on reducing costs and improving efficiency, are gaining momentum.

Expanded Applications: Ongoing research into new applications of calcium formate, particularly in industries like chemicals and textiles, is expected to open new growth avenues.

Future Outlook The calcium formate market is expected to maintain a robust growth trajectory over the forecast period (2024-2034), driven by expanding applications in construction and agriculture, particularly in emerging markets. The shift towards sustainable building materials and additives, coupled with advancements in production technologies, will further boost the market’s growth potential.

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Key Market Study Points

Detailed analysis of calcium formate applications across industries.

Assessment of the impact of environmental regulations on market demand.

Examination of market dynamics, including key drivers, challenges, and growth opportunities.

Competitive landscape analysis and insights into strategic partnerships and collaborations.

Competitive Landscape Key players in the global calcium formate market include Perstorp, Lanxess AG, Zibo Ruibao Chemical Co., Ltd, Geo Specialty Chemicals, and Sidley Chemical Co., Ltd. These companies are focusing on expanding their product portfolios, improving production capabilities, and forming strategic alliances to strengthen their market position. R&D efforts to enhance the quality and environmental benefits of calcium formate are also being prioritized.

Recent Developments

Partnerships and Collaborations: Companies are increasingly forming partnerships with construction and agricultural firms to expand their market reach.

Product Innovations: Several manufacturers have introduced enhanced calcium formate formulations designed to meet the growing demand for eco-friendly additives in construction and agriculture.

Regional Expansions: Key players are expanding their presence in high-growth regions such as Asia-Pacific and the Middle East to capitalize on the burgeoning demand.

About Transparency Market Research

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Global Animal Health Market: Size, Share, Growth, Industry Trends | 2024-2031

Leading market research firm SkyQuest Technology Group recently released a study titled 'Animal Health Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Animal Health report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Animal Health Market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth rates, pricing, and scenarios for recent industry analysis.

The research analysis on the global Animal Health Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Animal Health Market circumstances in the forecast period between 2024 and 2031. The global Animal Health Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements. Market Growth The Animal Health Market has experienced robust growth over the past decade and is projected to continue expanding. Global Animal Health Market size was valued at USD 58.28 billion in 2022 and is poised to grow from USD 63 billion in 2023 to USD 117.48 billion by 2031, at a CAGR of 8.1% over the forecast period (2024- 2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.

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Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR): The Animal Health Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.

Animal Type

Production Animals (Poultry, Swine, Cattle, Sheep & Goats, Fish), Companion Animal (Dog, Cat, Horse, Others)

Product

Biologics (Vaccines [Modified/ Attenuated Live,Inactivated(Killed), Other Vaccines], Other Biologics), Pharmaceuticals (Parasiticides, Anti-Infectives, Anti -Inflammatory, Analgesics, other), Medicinal Feed Additives, Diagnostics (Consumables, Reagents and Kits,Instruments and Devices), Equipment & Disposables (Critical care Consumables, Anesthesia equipment, Temprature Management Equipment, Rescue & Resuscitation Equipment, Research Equipment, Patient Monitoring Equipment), Others (Veterinary Telehealth, Veterinary Software, Livestock Monitoring)

Distribution Channel

Retail, E-Commerce, Hospital/Clinic Pharmacy

End Use

Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics and Others

Get your customized report @ https://www.skyquestt.com/speak-with-analyst/animal-health-market 

Following are the players analyzed in the report:

Zoetis Inc. 

Merck Animal Health 

Elanco Animal Health 

Boehringer Ingelheim Animal Health 

Bayer Animal Health 

Virbac 

Ceva Santé Animale 

IDEXX Laboratories, Inc. 

Vetoquinol S.A. 

Dechra Pharmaceuticals PLC 

Neogen Corporation 

Phibro Animal Health Corporation 

Kindred Biosciences, Inc. 

Norbrook Holdings Limited 

Heska Corporation 

Nutreco N.V. 

AniCura AB 

PetIQ, Inc. 

Idexx Laboratories 

Petmed Express, Inc.

Regional Analysis 1. North America: - The United States and Canada dominate the North American Animal Health Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Animal Health consumption. 2. Europe: - Europe is a significant player, with major Animal Health Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector. 3. Asia-Pacific: - This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Animal Health manufacturing capabilities contribute to this growth. 4. Latin America: - Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications. 5. Middle East and Africa: - The Animal Health Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions. Future Outlook The Animal Health Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.

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[omshinde5145]

Feed Additives Market Development and Future Demand Analysis Report 2030

The Global Feed Additives Market is undergoing a significant transformation, propelled by the growing demand for animal protein, increased awareness regarding livestock health, and the surge in consumer preferences for sustainable agricultural practices. As we delve deeper into this evolving landscape, it's evident that feed additives are not just supplementary elements in animal diets but pivotal components that enhance feed quality, ensure animal health, and improve the sustainability of livestock production systems.

Understanding Feed Additives

Feed additives are substances used in animal nutrition to achieve specific dietary purposes. They can enhance the flavor, consistency, and nutritional value of animal feed. More importantly, they play a crucial role in improving animal health by preventing diseases, promoting growth, and increasing feed efficiency. Types of feed additives include vitamins, amino acids, enzymes, antioxidants, acidifiers, probiotics, and minerals.

Market Drivers

Rising Demand for Animal Protein:

The global increase in meat consumption is a primary driver of the feed additives market. As populations grow and incomes rise, particularly in developing countries, so does the consumption of poultry, pork, and beef. This demand pushes farmers to seek enhanced feed solutions that can help increase livestock productivity and meat quality.

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Health and Wellness Concerns:

Animal health is paramount, not only for the welfare of the animals but also to ensure the safety of the food supply chain. Feed additives are essential in preventing diseases and promoting the overall health of livestock, directly impacting food quality and safety standards.

Environmental Sustainability:

The livestock sector is under increasing pressure to reduce its environmental footprint. Feed additives can lead to more efficient feed utilization, thus reducing waste and emissions associated with livestock farming. Moreover, additives like phytase help in decreasing phosphorus excretion, which is beneficial for the environment.

Regulatory Frameworks:

Governments worldwide are tightening regulations on animal feed quality and safety, compelling feed manufacturers to adopt high-quality standards and transparent operations. These regulations are driving the adoption of certified feed additives.

Market Trends

1. Innovations in Feed Additives:

Technological advancements are paving the way for innovative products in the feed additives market. For instance, the use of enzymes as feed additives has revolutionized feed digestibility and nutrient absorption. Similarly, advancements in microbiology have boosted the use of probiotics in feeds, which enhance gut health and immunity in livestock.

2. Customized and Functional Additives:

There is a growing trend towards the customization of feed additives to cater to specific dietary needs of different livestock species. Additionally, the development of functional additives, which play a role in enhancing animal performance and health beyond basic nutrition, is gaining traction.

3. Increased Use of Organic and Natural Additives:

With the rise in organic farming and consumer demand for organic products, there is an increasing preference for natural and non-GMO feed additives. This trend is likely to continue as consumers become more conscious of product labels and the ingredients used in animal feed.

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Market Challenges

Despite the positive outlook, the feed additives market faces challenges such as high costs of development and stringent regulatory approvals which can hinder market growth. Moreover, the variability in raw material prices can affect the stability and profitability of feed additive manufacturers.

Conclusion

The feed additives market is at a pivotal juncture, with opportunities driven by technological innovations, regulatory changes, and shifting consumer preferences towards sustainable agriculture. For stakeholders in the livestock and feed production industries, staying informed and adaptable to these trends is crucial for capitalizing on the market's potential.

[animal-care]

An Overview of the Animal Feed Market, Share, and Growth

The animal feed industry serves as a critical component of global agriculture, ensuring the optimal nutrition and health of livestock and poultry. Let's delve deeper into this vital sector, backed by comprehensive statistics and insights.

Understanding the Importance of Animal Feed Market

The Animal Feed Market is a cornerstone of global food production, driving efficiency and productivity across livestock and poultry sectors. Here are some key statistics highlighting its significance:

Market Size: The Global Animal Feed Market was valued at approximately $460 billion in 2020 and is projected to reach over $570 billion by 2026, with a compound annual growth rate (CAGR) of around 5% during the forecast period.

Regional Distribution: Asia-Pacific dominates the animal feed market, accounting for nearly 40% of the global market share, followed by North America and Europe.

Driving Factors Behind Market Growth

Several factors contribute to the growth and evolution of the animal feed market:

Rising Demand: With the global population expected to surpass 9 billion by 2050, the demand for protein-rich diets, particularly in emerging economies, continues to escalate.

Technological Advancements: Advances in feed formulation technologies, including precision nutrition and the use of alternative protein sources, are driving innovation and efficiency in feed production.

Regulatory Environment: Stringent regulations regarding food safety, animal welfare, and environmental sustainability are shaping market dynamics, driving the adoption of sustainable feed solutions.

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Exploring Market Dynamics Through Data

Market Share and Type Diversity

The animal feed market comprises various product types, including compound feed, feed additives, and premixes, each catering to specific nutritional requirements and animal species. Leading companies in the industry, such as Cargill, ADM, and Nutreco, collectively account for a significant market share, leveraging their global presence and diversified product portfolios.

Growth in Supplements Segment

The animal feed supplements market is witnessing robust growth, driven by increasing consumer awareness regarding the benefits of supplements in enhancing animal health and performance. The global animal feed supplements market was valued at over $20 billion in 2020 and is expected to surpass $30 billion by 2026, with a CAGR exceeding 5% during the forecast period.

Role of Animal Feed Suppliers

Animal feed suppliers play a crucial role in facilitating the efficient distribution of feed ingredients and additives. They source and distribute a wide range of feed ingredients, additives, and premixes, ensuring the availability of high-quality inputs for feed manufacturers and livestock producers. Adhering to stringent quality control measures and regulatory standards, suppliers ensure the safety and integrity of feed products throughout the supply chain.

Leveraging Data for Informed Decision-Making

In-depth Animal Feed Market Research Reports provide valuable insights and actionable intelligence for industry stakeholders. These reports offer comprehensive analysis of market trends, demand-supply dynamics, competitive landscape, and regulatory developments, empowering businesses to make informed decisions and strategic investments.

Conclusion

The animal feed market plays a pivotal role in ensuring the sustainability and resilience of global food systems. Armed with robust data and insights, industry stakeholders can navigate market complexities, drive innovation, and contribute to the advancement of sustainable animal nutrition practices. For businesses operating in the animal feed sector, harnessing the power of data-driven decision-making is essential for driving growth, maintaining competitiveness, and fostering resilience in an ever-evolving market landscape.

[marketinsight1234]

Animal Feed Additives Market Outlook for Forecast Period (2023 to 2030)

Global Animal Feed Additives Market was valued at USD 22.15 Billion in 2021 and is expected to reach USD 33.75 Billion by the year 2028, at a CAGR of 6.2%.

Feed additives is substance or combination of ingredients mixed into the basic feed mix or parts thereof to cater to the specific need. Feed additives form an essential part of animal nutrition, which enhances the feed quality, yield & quality of food from animal origin, and animal health. Generally, application in microquantities and requires careful handling and mixing. It is used to enhance the rate of gain, feed efficiency, preventing and controlling disease, prevention against untoward environmental influences. Furthermore, feed additives have main two types such as nutrient feed additives which include amino acids, minerals, and vitamins, and non-nutrient feed additives which include antibiotics, hormones, immunomodulators, enzymes, probiotics.

Leading players involved in the Animal Feed Additives Market include:

BASF SE, Tyson Foods Inc., Lallemand Inc., Kemin Industries, E. I. du Pont de Nemours and Company, Ajinomoto Co. Inc., Koninklijke DSM N.V., Akzo Nobel N.V., Alltech Inc., Biomin GmbH, Cargill Inc., Chr. Hansen Holding A/S, CP Group, Evonik Industries AG, Norel S.A., Novozymes A/S, Nutreco, Phibro Animal Health Corporation, Novus International Inc., Solvay Group, Archer Daniels Midland Company, Invivo Group and others Major players. 

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The latest research on the Animal Feed Additives market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Animal Feed Additives industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Animal Feed Additives market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Segmentation of Animal Feed Additives Market:

By Type

Amino Acids

Antibiotics

Feed Enzymes

Feed Acidifiers

Vitamins

Others

By Form

Dry

Liquid

By Source

Synthetic

Natural

By Livestock

Ruminant

Swine

Poultry

Aquaculture

Others

An in-depth study of the Animal Feed Additives industry for the years 2023–2030 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

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Gain insights into the global Animal Feed Additives Market Growth 2023-2030 market revenues at global, regional, and national levels until 2030. Assess and strategize market share based on comprehensive analysis, enabling informed decision-making. Identify potential markets for exploration and expansion.

2. Informed Decision-Making for Professionals and Product Developers:

Access a detailed breakdown of the Animal Feed Additives Market Growth 2023-2030 market worldwide, including product variations, use cases, technologies, and final consumers. Allocate resources effectively by anticipating demand patterns for emerging products. Stay ahead in product development by understanding market dynamics and consumer preferences.

3. Strategic Planning for Sales Managers and Market Stakeholders:

Utilize market breakdowns to target specific segments, optimizing sales strategies. Address challenges and capitalize on expansion opportunities highlighted in the report. Mitigate threats effectively with a comprehensive understanding of market risks.

4. Comprehensive Understanding for Executives:

Analyze primary drivers, challenges, restrictions, and opportunities in the global Laboratory Clothes market. Develop effective strategies by gaining insights into market dynamics. Allocate resources based on a thorough understanding of market conditions.

5. Competitive Intelligence:

Obtain a detailed analysis of competitors and their key tactics in the Animal Feed Additives Market Growth 2023-2030. Plan market positioning based on a comprehensive understanding of the competitive landscape. Stay ahead by learning from competitors’ strengths and weaknesses.

6. Accurate Business Forecasting:

Evaluate the accuracy of global Animal Feed Additives Market Growth 2023-2030 business forecasts across regions, major countries, and top enterprises. Make data-driven decisions with confidence, minimizing risks associated with inaccurate forecasts. Stay ahead of industry trends by aligning business strategies with reliable forecasts.

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[chemanalystdata]

Formic Acid Prices | Pricing | Trend | News | Database | Chart | Forecast

 Formic acid, a simple carboxylic acid with the chemical formula HCOOH, is increasingly recognized for its versatile applications across various industries, including agriculture, textiles, rubber, and pharmaceuticals. As a critical chemical intermediary, the demand for formic acid continues to rise, directly influencing its market prices. Understanding the factors that affect formic acid prices can provide valuable insights for businesses and investors alike.

One primary driver of formic acid prices is the fluctuating demand from end-user industries. In agriculture, formic acid is used as a preservative and antimicrobial agent in silage, as well as a feed additive to promote livestock growth. The increasing emphasis on sustainable agricultural practices and the demand for high-quality animal feed have boosted the consumption of formic acid in this sector. Similarly, the textile and leather industries utilize formic acid for dyeing and tanning processes, further contributing to its market demand. As these industries expand, the corresponding rise in formic acid consumption inevitably leads to price fluctuations.

Get Real Time Prices for Formic Acid: https://www.chemanalyst.com/Pricing-data/formic-acid-1242Moreover, the global shift toward eco-friendly products is impacting the demand for formic acid. As businesses and consumers become more environmentally conscious, the preference for biodegradable and non-toxic chemicals has surged. Formic acid, being a naturally occurring substance, fits this criterion, making it an attractive alternative to synthetic chemicals. This shift in consumer preferences is likely to sustain or increase demand for formic acid, subsequently influencing its market prices.

Supply chain dynamics also play a crucial role in determining formic acid prices. The production of formic acid is primarily dependent on the availability of raw materials, such as methanol and carbon monoxide. Any disruptions in the supply of these raw materials—due to geopolitical tensions, natural disasters, or economic sanctions—can lead to increased production costs and, consequently, higher formic acid prices. Additionally, the complexity and costs associated with the manufacturing process can further affect pricing. As the production methods for formic acid evolve, including advancements in catalytic processes and green chemistry, manufacturers may experience cost savings that could potentially stabilize or reduce prices.

Another important aspect to consider is the competitive landscape of the formic acid market. Several key players dominate this industry, including BASF, Eastman Chemical Company, and Jiangshan Chemical. The competitive strategies employed by these companies, such as mergers, acquisitions, and product innovation, can influence market pricing. For instance, increased production capacity by leading manufacturers may lead to lower prices, whereas consolidation in the industry could result in reduced competition and higher prices. Market dynamics, therefore, reflect a balance between supply, demand, and competitive forces.

Geographical factors also contribute to the variation in formic acid prices across regions. In regions where agricultural practices are predominant, such as in parts of Asia and Europe, the demand for formic acid may be higher, thereby increasing prices in those markets. Conversely, regions with limited agricultural activity may experience lower demand, resulting in reduced prices. Additionally, transportation costs and tariffs can affect pricing on a regional scale. Export and import regulations further complicate the pricing structure, as tariffs can significantly influence the cost of formic acid in international markets.

Looking ahead, market forecasts indicate that the demand for formic acid is expected to grow steadily over the next few years. This growth can be attributed to increasing applications in various sectors, particularly in renewable energy technologies. Formic acid has garnered attention as a potential hydrogen carrier, offering a clean alternative for energy storage and transportation. As the world transitions towards greener energy sources, the role of formic acid in these applications may become more pronounced, further driving up demand and, consequently, prices.

In conclusion, formic acid prices are influenced by a myriad of factors, including demand from various industries, supply chain dynamics, competition among key players, and regional market conditions. As the global landscape continues to evolve, particularly with the growing emphasis on sustainability and eco-friendly products, the formic acid market is likely to experience significant changes. Businesses and investors should remain vigilant in monitoring these trends, as understanding the interplay of these factors can provide crucial insights into future price movements. By staying informed, stakeholders can make strategic decisions that align with market conditions and capitalize on the opportunities presented by the formic acid market.

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[tamanna31]

Omega 3 2024 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030

Omega 3 Industry Overview

The global omega 3 market size was valued at USD 2.62 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2030.

This is attributable to the rising use of ingredients in the human diet to support brain and heart health. Furthermore, the increasing consumer investment in healthcare and one’s well-being is also expected to boost product demand. The market is witnessing continuous diversification in its product offerings as consumers are looking for alternatives to traditional fish oil. Krill oil is one of the widely used sources of omega-3 due to its superior properties as compared to conventional fish oil. The majority of consumers in Europe and North America prefer krill oil over any other source of fish oil owing to its acid reflux, unpleasant taste, and large-sized pills. Such factors are anticipated to trigger product demand during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Omega 3 Market

The demand for omega-3 fatty acids in the U.S. is projected to grow significantly over the next few years owing to rising consumer awareness in the country regarding the several health benefits offered, including lowering blood pressure and cholesterol and reducing risks related to heart diseases. Moreover, growing consumer preference for a healthy and nutritional diet is further expected to fuel product demand shortly.

Numerous manufacturers present in the U.S., including BioProcess Algae, Martek Biosciences Corporation, and Omega Protein Corporation are focusing on research and development activities for launching pharmaceutical-grade product in the market. Increasing consumption of enhanced medicines to treat and prevent chronic diseases is likely to spur overall consumption in the coming years.

Rising pressure on anchovy fisheries to extract fish oil has increased the demand from non-fish sources, including flaxseed, walnuts, algae, and krill oil. Furthermore, increasing government initiatives to promote the product usage in different end-use applications are projected to positively impact the market demand.

Browse through Grand View Research's Additives & Nutricosmetics Industry Research Reports.

• The global fumaric acid market size was valued at USD 561.5 million in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.

• The global nisin market size was estimated at USD 502.93 million in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.

Global Omega 3 Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global omega 3 market report on the basis of type, source, application, and region:

Type Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

Docosahexaenoic acid (DHA)

Eicosapentaenoic acid (EPA)

Alpha-linolenic acid (ALA)

Docosapentaenoic acid (DPA)

Others

Source Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

Marine Source

Fish Oil

Algal Oil

Krill Oil

Others

Plant Source

Nuts & Seeds

Vegetable Oils

Soy

Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

Supplements & Functional Foods

Pharmaceuticals

Infant Formula

Animal Feed & Pet Food

Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Spain

Italy

The Netherlands

Norway

Asia Pacific

China

India

Japan

Australia

New Zealand

Central & South America

Brazil

Argentina

Middle East & Africa

UAE

South Africa

Key Companies & Market Share Insights

Growing consumption of the product in various applications coupled with rising awareness regarding health and chronic diseases, and regulations favoring the use of omega-3 in infant formulations has influenced manufacturers to invest in technologies and product development in order to meet consumer demands. The market has been experiencing an increase in the number of new entrants across the value chain owing to the growing profits and huge market potential of manufacturers.

In March 2023, Epax announced an investment of USD 40 million in molecular distillation technology for improving the processing of highly concentrated omega 3.

In May 2023, Nuseed Global introduces Nuseed Nutriterra plant-based oil enriched with omega-3, tailored to meet the needs of the human nutrition and dietary supplement markets.

In addition, key companies such as Aker Biomarine Antarctic AS are focusing on expanding their capacity by introducing new catching vessels to increase their products, which was reflected in the sales of the company in the year 2021. Governments across developing regions are taking several initiatives to support Antarctic Krill fishing by providing research funds and creating innovation alliances, which may trigger industry growth

Key Omega 3 Companies:

Aker Biomarine Antarctic AS

Orkla Health

BASF SE

Omega Protein Corp.

GC Reiber Oils

Lonza

Croda International Plc

EPAX

BioProcess Algae, LLC

Koninklijke DSM N.V.

Order a free sample PDF of the Omega 3 Market Intelligence Study, published by Grand View Research.

[foodandbeverages]

Astaxanthin Market: Applications and Regional Insights During the Forecasted Period 2024 to 2034

According to Future Market Insights (FMI), global astaxanthin sales are estimated to be worth USD 273.2 million in 2024. The market is expected to reach USD 665.0 million by 2034. It is projected to surge at a CAGR of 9.3% in the forecast period 2024 to 2034.

Astaxanthin’s increasing demand is driven by its use in aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food & beverages industries. It is widely used as a food ingredient for prawns and fish to enhance coloration and commercial value.

Astaxanthin benefits aquatic animals by increasing stress tolerance, performance, immune-related gene expressions, reproductive capacity, survival, and disease resistance. The market is expected to rise due to the consistent demand from the food industry, where astaxanthin is used as a food additive due to its health benefits, such as anti-inflammatory effects and prevention of cardiovascular diseases. Studies have shown that astaxanthin is set to prevent photo-aging, improve sleep, minimize obesity, protect the vocal cord, combat depression, and increase sperm motility.

Natural alternatives are gaining traction due to a number of factors, including greater awareness of the harmful effects of chemicals and expanding usage of synthetic ingredients in topical & culinary items. As a result, leading companies are implementing tactics, including the introduction of new products and alliances with key manufacturers in several sectors to boost the market share of natural astaxanthin-based products.

Information Source: https://www.futuremarketinsights.com/reports/astaxanthin-market

Key Takeaways from the Astaxanthin Market Report:

The global astaxanthin market is expected to reach a valuation of US$ 665.0 million by 2034.

Japan is projected to hold a dominant value share of 3.5% by 2034.

The United States astaxanthin market is projected to reach a valuation of US$ 177.6 million by 2034.

India’s astaxanthin market is projected to reach US$ 43.0 million by 2034.

Germany is set to hold a dominant value share of 4.1% by 2034.

 “The astaxanthin market is experiencing innovation as dietary lutein becomes a potential substitute in the market. Leading companies are incorporating lutein-rich sources into formulations, highlighting a trend toward diversification. They are also exploring alternative natural compounds.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

BASF SE, Divi’s Laboratories Ltd., Cyanotech Corporation, DSM N.V., Parry Nutraceuticals, and JXTG Nippon Oil & Energy Corporation are key astaxanthin manufacturers listed in the report. Leading companies are concentrating on broadening their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.

For instance,

In 2020, BGG declared two key extensions of its farm capacity of astaxanthin as the company has seen a surge in its astaxanthin sales lately.

Key Companies Profiled

BASF SE

Divi’s Laboratories Ltd.

Cyanotech Corporation

DSM N.V

Parry Nutraceuticals

JXTG Nippon Oil & Energy Corporation

Fuji Chemical Industries Co., Ltd.

Kunming Biogenic Co., Ltd.

Valensa International Global

Kailu Ever Brilliance Biotechnology Co. Ltd.

Algalif Iceland Ehf

Zhejiang NHU Co., Ltd.

Atacama Bio Natural Products S.A., Inc.

AstaReal Inc

Fenchem Biotek Ltd.

Igene Biotechnology, Inc.

BGG (Beijing Gingko Group)

Cardax, Inc.

Algatechnologies Ltd.

Algaecan Biotech Ltd.

Otsuka Pharmaceutical Co., Ltd.

Yunnan Alphy Biotech Co., Ltd.

INNOBIO Corporation Limited.

Sinoway Industrial Co., Ltd.

KDI Ingredients

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global astaxanthin market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the astaxanthin market based on species type (haematococcus pluvialis, chlorococcum, chlorella zofingiensis), production technology (chemical synthesis, natural extraction), form (tablets, soft gel capsules, powder, liquid), grade (>=98%, 95%-97%, <=94%), application (aquaculture, dietary supplements, food & beverages, personal care & cosmetics, pet food), and region.