In the past few years, there has been a substantial rise in the consumption of meat as well as meat products across the globe. However, at the other end, several diseases and disorders have been identified that affect livestock in recent years. The customers are now concerned about the overall quality of the meat as well as its safety. This concern has enforced the livestock farmers to integrate animal feed additives in their regime. The raw materials used for the manufacturing of animal feed additives have a great impact and direct effect on the final products sent out to the market. Thus, the producers in the animal feed additives market are trying to relocate to places nearer to the source of raw materials.
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Demand for Superior Nutritional Quotient to Help in Supplementing Market Growth in Future
Feed additives are necessary for animals as they help in improving their health and overall performance. These additives provide superior nutritional quotient in the food consumed by animals which then helps in getting the desired results. In recent years, there has been a growing awareness among customers about the consumption of animal proteins. Naturally, the awareness has extended to industrialization of the meat and livestock industries across the globe. It is expected to turn out to be a crucial factor driving the growth of the global animal feed additives market in the near future. Furthermore, increasing demand for antibiotics, vitamins, proteins, and organic feed additives is also expected to work in favor of the development of the global market as the years pass by.
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Some of the key companies operating in the global animal feed additives market are Cargill Incorporated, Evonik, DuPont, Archer Daniels Midland Company, BASF, Solvay, Novozymes, DSM, Ajinomoto, InVivo, Kemin, Chr. Hansen, Nutreco, Altech, and Adisseo among others.