MARKET REPORT 70 FEED & ADDITIVE MAGAZINE July 2022 optimum nutrition and care would boost the demand for feed preservatives in the poultry sector. Maximize Market Research highlights the cattle segment in its report. According to the report, cattle segment has the largest market share globally and expected to show significant market growth during 2022-27 forecast period. And the poultry market is expected to grow at 6.3% CAGR during the forecast period. Increase in worldwide population is the main element which is likely to drive the market growth. MARKET STATUS ON REGIONAL BASIS According to market reports, feed preservatives market was dominated by Europe holding the largest market share globally. It is followed by North America and Asia-Pacific. According to the report by MarketsandMarkets, feed preservatives market in Europe has been in the growth stage due to the increased focus on feed cost reduction by the regulatory authority. Some of the factors why the region is experiencing growth are a ban on antibiotics by the regulatory authority, investment in R&D by leading companies for technology innovation, increased meat consumption and feed quality. Maximize Market Research report also supports this finding: Europe has significant dominance in market, it is in growth stage due to feed cost reduction by regulatory authority. However, North America region is also dominating the global market with highest market share and expected to grow further during forecast period. Resources: 1. MarketsandMarkets Research Private Ltd.; 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; Published On May, 2022; Forecast period considered 2022–2027; https://www.marketsandmarkets.com/Market-Reports/ feed-preservative-market-260003490.html 2. Maximize Market Research (MMR); Feed Preservatives Market – Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Livestock, Feed Type and Region; Published Date May 2022; Forecast Period 2022-2027; https://www.maximizemarketresearch.com/market-report/feed-preservatives-market/148474/ 3. Verified Market Research (VMR); Global Feed Preservatives Market Size By Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants), By Livestock (Cattle, Poultry, Swine), By Geographic Scope And Forecast; Published Date Mar 2022; Forecast Period 20212028; https://www.verifiedmarketresearch.com/prod-
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