CHICAGO, May 13, 2022 /PRNewswire/ — According to MarketsandMarkets™ analysis, the “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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260003490
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…
