MARKET REPORT 88 FEED & ADDITIVE MAGAZINE May 2024 (FDA) and the Canadian Food Inspection Agency (CFIA) mandate the use of preservatives to ensure the integrity of animal feed. Compliance with these regulations has driven the adoption of advanced preservative technologies, positioning North America as a leading market for innovative and effective solutions. The region is also at the forefront of technological innovation in feed preservation. The region's abundant access to raw materials such as dextrose and corn is likely to boost feed preservative production. According to research companies, despite the dominance of North America, Asia Pacific holds great potential for the future of the feed preservatives market. The cattle and poultry industries in the region, particularly in India and China, are rapidly developing and industrialising. This will increase the demand for animal feed and with it feed preservatives in the coming years. It is also predicted that the region will use feed preservatives more frequently due to the favourable outlook for disease-free beef. China, one of the world's largest meat producers, is expected to continue to be favourable for market expansion in the region. MARKET ENVIRONMENT IN TERMS OF SUPPLIERS Key players in the feed preservatives market are implementing various growth strategies such as mergers & acquisitions, collaborations, and new product launches to strengthen their market position and expand their product portfolio. A significant number of these players are actively engaged in offering a wide range of organic and natural feed preservatives, which has heightened their popularity in the market. Focusing on research and development to offer effective products to their customers, these players are also focusing on improving customer experience and increasing their production capacity in the market by implementing new marketing strategies. Sources: 1. Animal Feed Preservatives Market Size Report Forecast 2032 (acumenresearchandconsulting.com) 2. Animal Feed Preservative Market Size, Share, Trend & Forecast 2034 | FMI (futuremarketinsights.com) 3. Feed Preservatives Market Trends, Global Outlook & Forecast (exactitudeconsultancy.com) 4. Global Feed Preservatives Market Research Report 2023 | Market Research Reports® Inc. 5. Feed Preservatives Market Size, Share, Industry, Forecast and Outlook (2023-2030) (datamintelligence.com) 6. Global Feed Preservatives Market Size, Share, Growth. (sphericalinsights.com) 7. Feed Preservatives Market - Global Industry Analysis and Forecast 2029 (maximizemarketresearch.com) 8. Animal Feed Preservatives Market Size, Share & Forecast – 2032 (gminsights.com) • Adisseo • ADM • Ajinomoto Co. • Akzo Nobel • Albemarle • Alltech • Avon Animal Health • BASF SE • Brenntag Solutions • Cargill • Celanese Corporation • Corbion • Danisco • Danish Agro • Dsm-firmenich • Eastman Chemical Company • Evonik Industries AG • Galactic • Hawkins Watts Limited • Impextraco NV • International Flavors & Fragrances Inc. • Jungbunzlauer Suisse AG • Kemin Industries • Kerry Inc. • Kilo Ltd. • Merck Animal Health • Niacet Corporation • Nor-Feed • Novus International • Nutreco (Selko) • Nutriad International • Perstorp Holding • Pestell Nutrition (Barentz) • Saideep Exports Pvt. Ltd. • Solvay Group • Tate & Lyle Plc • Univar Inc. • Vee Excel Drugs and Pharmaceuticals Pvt. Ltd. • Vinayak Ingredients SOME FEED PRESERVATIVES SUPPLIERS IN THE WORLD:
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