China Feed Additives Market Forecasts From 2019 To 2024
DESCRIPTION In 2022, the China feed additives market is projected to reach US$ 4.956 billion, increasing from US$ 3.394 billion in 2016, growing at a CAGR of 6.51% during this period. Many factors contribute to this growth like growing economy, market reform, growing awareness, and government supportive policies. However, the major factor contributing to the feed additive market growth in china is its high consumption of meat and dairy products and this growth is expected to climb sharply due to large population base coupled with strong growth in per capita income. The players within the market are highly focusing on technological advancement for product innovation which, in turn, creates ample opportunities for market growth. However, new dietary guidelines introduced by China’s health ministry recommend reducing the meat consumption in order to decrease greenhouse gas emission and thereby impact the feed additive market growth negatively. Moreover, lack of adequate intellectual property guidelines also restraints the market growth.
Key Questions Answered By The Report ▪ What will China feed additives market from 2019 to 2024? ▪ How are the major drivers and restraints affecting the China feed additives market ▪ growth and the opportunities which exist for key vendors? ▪ Which segment and region will drive or lead the market growth and why? ▪ A comprehensive analysis of competitive landscape and key market participant’s behavior ▪ Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Global Storage Market: ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
By Product Type Antibiotic Enzyme Vitamin Amino Acid Antioxidant Acidifiers Minerals Others
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By Livestock Aquatic Animals Poultry Swine Cattle Others
COMPANY PROFILES ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
CARGILL INCORPORATED BASF SE NOVOZYMES NUTRECO CHR. HANSEN EVONIK INDUSTRIES ARCHER DANIELS MIDLAND COMPANY ALLTECH INC ELANCO ANIMAL HEALTH
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