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North America Animal Feed Additives Market Growth, Trend and Forecast 2028

Animal feed additives are chemicals used to improve the quality of feed products to enhance the performance and health of animals.

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North America Animal Feed Additives Market Growth, Trend and Forecast 2028

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  1. North America Animal Feed Additives Market Size to Cross USD 8 Bn by 2028 Global Market Insights Inc.

  2. Overview of Feed Mycotoxin Binders Market • The North America animal feed additives market is set to grow exponentially through 2028 on account of the rising consumption of meat and dairy in the region. Furthermore, increasing focus of farmers on improving the health of their livestock is slated to further augment industry progress over the forecast period. • Food ingested by livestock asserts a significant impact on the quality of meat and other animal byproducts. For this reason, feed additives are considered important elements in animal nutrition across major regions like the U.S., where considerable emphasis is placed on maintaining a balance of vitamins, proteins, minerals, and other nutrients to fulfill basic health requirements. • Moreover, strategies implemented to reduce methane emissions from ruminant animals in light of growing climate consciousness have triggered major interest in the use of animal feed additives as an effective solution across several nations. The U.S., for instance, is among the prominent nations that are evaluating the health benefits and effectiveness of specialized feed additives like red seaweed, enzyme inhibitor 3 Nitrooxypropanol, and ozone, among others, in methane mitigation. As a result, increasing product prominence has been favorable for business growth. Global Market Insights Inc.

  3. Continue… • The North America animal feed additives market has been bifurcated in terms of product, livestock, and country. Based on product, the industry has been categorized into antioxidant, pigments, flavors, enzymes, probiotics, amino acids, sweeteners, acidifiers, and vitamins. • The broilers segment is set to record a CAGR of over 4.5% to surpass a valuation of $2.6 billion by 2028. Nutritional quality of feed plays a major role in ensuring optimum health and regulated feed intake for broilers. The application of additives in feed formulations for broilers has numerous benefits, including higher resistance to diseases, better daily growth, enhanced use of fodder, and improvement in overall animal product quality. • The North America animal feed additives industry size from the turkey segment was valued at more than $205 million in 2021. This was credited primarily to the increasingly important role of additive components in the nutrition of turkeys, which require higher amounts of amino acids, minerals, protein, and vitamins, as compared to chickens. • The layers livestock segment is expected to depict more than 4.3% CAGR over the forecast period to reach above $470 million in revenue by 2028. Industry size from the others segment was valued at roughly $110 million in 2021. Global Market Insights Inc.

  4. Continue… • The dairy segment recorded remuneration worth over $600 million in 2021. The calf segment is expected to register approximately 5% CAGR to reach a valuation of nearly $120 million up to 2028. The others cattle segment is projected to be valued at more than $75 million by 2028. • The aquaculture segment has been bifurcated further into salmon, shrimps, trout, and others. Salmon is set to progress at around 3.5% CAGR over the estimated timeline to exceed a valuation of $27 million by 2028. • This growth is attributed largely to efforts by key animal feed additive industry players that are aimed at improving feed content for aquatic animals. For instance, in February 2022, Atlantic Sapphire ASA, an onshore aquaculture behemoth, collaborated with Skretting, a Utah-based feed manufacturer, to reduce the fish oil content in its salmon feed by nearly 25%, by including the Veramaris ASC-MSC certified sustainable algal oil. • Notable participants in the North America Animal Feed Additives market includeKemin Industries, Royal DSM, Novus International, Phibro Animal Health Corporation, Adisseo, Evonik, BASF, Archer Daniel Midland, and Cargill Global Market Insights Inc.

  5. Browse Full Research Report On Feed Mycotoxin Binders Market@ https://bit.ly/3K3lYPB Request for a sample of this research report @ https://bit.ly/44O927W Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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