According to MarketsandMarkets analysis, the report “Feed Preservatives Market by Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants, Anticaking Agents), Livestock (Poultry, Cattle, Swine, Aquaculture), Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage), and Region – Global Forecast to 2027”, size of feed preservatives is estimated to be valued at USD 4.8 billion in 2022. It is projected to reach USD 6.7 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. Some of the reasons that are driving the growth of the feed preservatives market are increasing demand for meat consumption in developing countries, growth in livestock farming, increasing need to store feed for livestock, and growing application of livestock in the food industry.
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The feed acidifiers segment accounts for the largest market share in the feed preservatives market
Based on type, feed acidifiers include different types of organic acids like citric acid, propionic acid, etc., and they inhibit the growth of pathogenic bacteria and different microbes for proper host nutrition by altering the pH. It is observed that gut health plays a crucial role in influencing the growth rate, feed efficiency, and quality of livestock. The demand for good quality meat products is promoting the demand for feed acidifiers.
The swine segment is projected to account for the second-largest market share in the feed preservatives market during the forecast period
Based on Livestock, the swine segment is projected to account for the second-largest market share in the feed preservatives market. Some of the reasons boosting the growth of this category are increasing demand for high-quality meat, shifting from regular swine to organic swine, and rising awareness about food concerns & healthy swine meat.
The other feed types segment is projected to grow at a significant CAGR in the feed preservatives market during the forecast period
By feed type, the feed preservatives market is segmented into compound feed, feed premix, feed meal, silage, and other feed types. The other types include feed for mixed feeds and raw materials for other animals like calves, milk cows, and feedlot livestock. The modern feed is made by selecting and mixing the ingredients according to the livestock that retains nutritional values.
