MARKET REPORT FEED & ADDITIVE MAGAZINE July 2022 67 tives. Natural preservatives are naturally occurring in various forms like citric acid, rosemary and Vitamin E. They also offer anti-inflammatory health benefits. The important thing in feed preservatives is to use them at the right time and in the right amount, which can provide many advantages to animal breeders, such as improving the quality of food and animal products, improving the digestive system and increasing the amount of nutrients. MARKET GROWTH EXPECTATIONS The total market size of preservatives used for both food and feed are estimated to be US$5.43 billion in 2020. According to the report entitled “Preservatives Market Size, Share & Trends Analysis Report” prepared by Grand View Research, Inc.; the market is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2028. Feed preservatives have a significant share in the total preservatives market. Market research companies have varying reports on feed preservatives market including different date ranges. In these reports, although there are similar figures and estimates for the same years, there are also highly different estimates. For example, according to MarketsandMarkets Research Private Ltd., in its report entitled “Feed Preservatives Market”, global feed preservatives market is estimated to be valued at US$4.8 billion in 2022 and is projected to reach US$6.7 billion by 2027, recording a CAGR of 6.7%, in terms of value. Similar figures stand out in Maximize Market Research’s (MMR) report based on 2021 figures. According to MRR’s report, feed preservatives market was valued at US$4.5 billion in 2021. The global market size is expected to grow at a 6.6% CAGR over the forecast period 2022-2027 and reach US$6.6 billion in 2027. However, there is a difference of almost half in the report published by Market Data Forecast. According to Market Data Forecast, global feed preservatives market was worth US$2.5 billion in 2021 and estimated to be growing at a CAGR of 9.2%, to reach US$3.88 billion by 2026. According to Verified Market Research’s report, the market size was valued at US$3.1 billion in 2020 and is projected to reach US$5.2 billion by 2028, growing at a CAGR of 3.7% from 2021 to 2028. It is possible to say that the average CAGR expectation is 5.8%, according to the evaluation we made on the reports of 7 different research companies published in 2019-20-21-22. According to the data of research companies, if the market is worth
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