Berry Extracts for Feed Market Estimated at USD 8.95 billion by 2029 with Healthy CAGR 6.7%| Key Vendors: Perstorp, Nutrition N.V., Kemin Industries, Inc., Biomin GmbH and Impextraco NV

Data Bridge Market Research analyses that the berry extracts for the feed market were valued at USD 5.33 billion in 2021 and are expected to reach the value of USD 8.95 billion by 2029, at a CAGR of 6.7% during the forecast period of 2022 to 2029. The market is expanding due to growing concerns about animal health.

Modern feed is created by carefully selecting and combining ingredients to provide a highly nutritional diet that protects the health of domestic animals and poultry while also improving the quality of end products like meat and eggs. It gives the primary elements required by domestic animals for development, reproduction, maintenance, and health are minerals, vitamins, carbohydrates, proteins, and water.

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Market Definition

Berry feed is food or fodder made for cattle, goats, poultry, swine, and other livestock. Berry feed comes in various forms, including crumbles, mashes, and pelleted feeds, and is commonly requested by livestock owners who supply animal-based products.

An international Berry Extracts for Feed market research report is an all-inclusive background analysis of the industry which includes an assessment of the parental market. The business report is a professional and detailed market study focusing on primary and secondary drivers, market share, leading segments, and geographical analysis. The market report also aids in prioritizing market goals and attaining profitable business. This industry report gives an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. Berry Extracts for Feed marketing report consists of the most recent market information with which companies can attain an in-depth analysis of this industry and future trends.

Berry Extracts for Feed Market Dynamics

Drivers

Rising usage of feed preservatives

Rising feed additives used to increase the nutritional content of the animal feed, changing consumer eating habits and increasing population, increasing preferences for animal-based protein consumption, and growth of the livestock industry are some of the factors that will likely boost the development of the berry extracts for feed market during the forecast period

Rising awareness for food safety

Growing public knowledge of food safety and animal health will also propel the market forward, as will rising demand for animal protein, an increase in the animal population, and the remarkable benefits of berry feed extracts.

Furthermore, due to rising incomes, changing lifestyles, and increased health consciousness, there has been a shift in dietary habits, with consumers increasing the protein content in their diets. This has boosted global demand for animal-based products. Other factors driving the feed additives market include the industrialization of meat production, raising concerns about the quality of livestock products, etc.

Opportunity

The development of advanced and innovative products and the expansion of the aqua feed and poultry sectors will provide additional opportunities for the growth of the berry extracts for the feed market during the forecast period.

Some of the major players operating in the berry extracts for feed market are:
Perstorp (Sweden)
Nutrition N.V. (Netherlands)
Kemin Industries, Inc. (U.S.)
Biomin GmbH (Austria)
Impextraco NV (Belgium)
Merck Animal Health (U.S.)
Novus International (U.S.)
Alltech (U.S.)
Dupont (U.S.)
BASF AG (Germany)
ADM (United States)
Cargill Incorporated (U.S.)

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COVID-19 Impact on Berry Extracts for Feed Market

The COVID-19 pandemic and the restrictions aimed at containing it caused the shutdown of feed companies worldwide in the early stages, resulting in a feed shortage for livestock farmers. As a result, the initial COVID-19 lockdown caused disruptions in the logistics system, affecting the supply of poultry feed globally. However, the berry feed market expanded later in the cycle due to exemptions from lockdown restrictions and an increase in meat consumption.

Recent Development

Cargill launched a feeding intelligence platform in October 2019 to provide farmers with resources on the most recent intelligent animal production practices to assist farmers in navigating and improving their operations across all species, including poultry animals.
In May 2018, ForFarmers introduced APOLLO, a new broiler feed brand, to broiler producers in the United Kingdom and northwest Europe. The new feed line was designed to help modern broiler birds grow and stay healthy.

Global Berry Extracts for Feed Market Scope

The berry extracts for the feed market are segmented on the basis of type and feed type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form
Liquid
Powder
Pills

On the basis of type, the berry extracts for the feed market are segmented into liquid, powder, and pills.

Source
Natural
Synthetic

Based on the source, the berry extracts for the feed market are segmented into natural and synthetic.

Berry Extracts for Feed Market Regional Analysis/Insights

The berry extracts for the feed market are analyzed and market size insights and trends are provided by country, type, and feed type as referenced above.

The countries covered in the berry extracts for the feed market report are the U.S., Canada, and Mexico in North America, Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

In terms of region, Asia-Pacific was the largest market for berry feed extract, owing to population growth and the increasing demand for food to meet the needs of the growing population. Furthermore, increasing government initiatives to boost meat production to meet rising demand in the region is expected to drive market growth. Again, increasing disposable income and increased urbanization in the area are likely to be the primary market drivers.

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