U.S. Feed Additives Market Outlook (2018 to 2032)
Synopsis
The above chart is U.S. Feed Additives Market Outlook (2018 to 2032)
Market Dynamics
the u.s. feed additives market is expected to experience strong growth over the forecast period of 2018-2032. the growth will primarily be driven by the increasing demand for livestock-based products due to urbanization, changing dietary patterns, and rising awareness of animal health and wellness.
demand for u.s. feed additives is mainly driven by increasing demand from aquaculture, along with the growth of the poultry and dairy sectors. the aquaculture sector is expected to grow rapidly due to its higher growth potential compared to other types of livestock. aquaculture is gaining increased attention due to its potential to reduce the cost of production by offering short-term gains and sustainability.
the u.s. feed market is highly competitive and there is an increasing demand for value-added ingredients in the feed. feed additives provide several benefits including improved digestibility, enhanced palatability, increased absorption of nutrients, improved growth and production, and improved animal welfare.
feed industry trends in the u.s. also point to a greater emphasis on sustainability and the use of natural feed additives such as special enzymes, fats and oils, molasses, vitamins, minerals and natural flavors, and amino acids. companies are focusing on renewable energy sources such as algae for producing feed energy sources which could lead to higher demand for feed additives.
the availability of new technologies such as genetically modified feed ingredients, nanotechnology, probiotics, and phytogenics, are providing the feed industry with new, more efficient feed additives. these new products are expected to drive demand for feed additives in the u.s.
however, the market may also be subject to various hindrances and challenges such as stringent regulatory standards on feed additives, health and safety concerns, and difficulty in sourcing feed ingredients. these challenges could result in a slowdown of the u.s. feed additives market growth over the forecast period.
