Organic Feed Additives Market is estimated to grow at a compound annual growth rate (CAGR) of over 3.9% in the 2017-2023 period, according to Market Research Future’s recent report, Organic Feed Additives Market Research Report- Global Forecast to 2023.
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The growth in the organic feed additives market, the experts at Market Research Future say, is driven mainly by the increase in demand for meat, with consumers habits changing worldwide. “Changing lifestyle, consumer’s preference towards healthy, dietary, natural products, and increasing meat consumption are key drivers for the market. Growing health concerns among a sizeable global population, together with increasing awareness about the benefits of organic feed additives for animals, that cannot get enough nutrients from regular meals, are most likely to foster the demand for the organic feed additives.”
The global organic feed additives market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, the Asia Pacific region accounts for the major market share followed by North America.
According to the report, the main producers of organic feed additives at a global level are Evonik Industries AG (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), Adisseo (France), BASF SE (Germany), and Invivo NSA (France).
