Lucintel Forecasts Zootechnical Feed Additive Market to Reach $9.5 Billion by 2028

Market-Research

According to the recent study the zootechnical feed additive market is projected to reach an estimated $9.5 billion by 2028 from $6.9 billion in 2023, at a CAGR of 6.5% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for animal protein as it helps in enhancing production of more meat, egg, and dairy products.

A more than 150-page report is developed to understand trends, opportunities and forecast in zootechnical feed additive market by ingredient type (prebiotics, probiotics, phytogenic, and protein-based), end use industry (livestock industry, poultry, and pet industry), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/zootechnical-feed-additive-market.aspx

“Protein-based market is expected to remain the largest segment during the forecast period.”

Based on ingredient type, the zootechnical feed additive market is segmented into prebiotics, probiotics, phytogenic, and protein-based. Lucintel forecasts that the protein-based market is expected to remain the largest segment due to increasing demand for protein-rich animal-based products and rising awareness about usage and benefits of feed additive among livestock farmers.

“Within the zootechnical feed additive market, the livestock industry segment is expected to remain the largest end use industry”

Based on end use industry the livestock industry segment is expected to witness the highest growth over the forecast period due to growing livestock population and increasing demand for animal based products.

“European will dominate the zootechnical feed additive market in near future”

European region is expected to witness the highest growth during the forecast period due to growing demand for high quality animal products and increasing stringent regulations regarding animal health.

Download Brochure of this report by clicking on https://www.lucintel.com/zootechnical-feed-additive-market.aspx

Major players of zootechnical feed additive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Delacon, Novus International, Phytobiotics, Alltechm, ADM, Nutreco, Evonic are among the major zootechnical feed additive providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/zootechnical-feed-additive-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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