Global Berry Extracts for Feed Market, by form (liquid, powder, pills), Source (Natural, Synthetic) Distribution channel (Direct, Retail) – Industry Trends and Forecast to 2029
Market Analysis and Size
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.
Data Bridge Market Research analyses that the berry extracts for feed market was valued at USD 5.33 billion in 2021 and is 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.
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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Form (liquid, powder, pills), Source (Natural, Synthetic) Distribution channel (Direct, Retail)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, 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 Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Perstorp (Sweden) Nutrition N.V. (Netherlands), Kemin Industries, Inc. (U.S.), Biomin GmbH (Austria) and Impextraco NV (Belgium) Merck Animal Health (U.S.), Novus International (U.S.), Alltech (U.S.), Dupont (U.S.) and BASF Animal Nutrition (Germany), ADM (United States) and Cargill Incorporated (U.S.)
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Opportunities
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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.
Restraints
Low-profit margins, combined with excessive consumption, which causes harmful side effects, are acting as market restraints for the growth of berry feed extracts during the forecast period.
This berry extracts for feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the berry extracts for feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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 is segmented on the basis of type and feed type. The growth amongst these segments will help you analyze meagre 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 feed market is segmented into liquid, powder and pills.
Source
- Natural
- Synthetic
Based on source, the berry extracts for feed market is segmented into natural and synthetic.
Berry Extracts for Feed Market Regional Analysis/Insights
The berry extracts for feed market is 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 feed market report are U.S., Canada and Mexico in North America, Germany, France, 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 Middle East and Africa (MEA) as a part of 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.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Berry Extracts for Feed Market Share Analysis
The berry extracts for feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to berry extracts for feed market.
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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