The Berry Extracts For Feed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Berry Extracts For Feed Global Market Report 2024, The berry extracts for feed market size has grown strongly in recent years. It will grow from $6.06 billion in 2023 to $6.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing feed quality and nutritional value, industry focus on animal health and productivity, exploration of natural feed ingredients, shift towards sustainable farming practices, market emphasis on functional feed additives.
The berry extracts for feed market size is expected to see strong growth in the next few years. It will grow to $8.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to expansion in livestock and poultry industries, research advancements in animal nutrition, consumer preference for natural and functional feed additives, regulatory support for nutritional supplements, focus on animal welfare and performance optimization. Major trends in the forecast period include market shift towards natural feed additives, health and nutritional benefits, antioxidant-rich supplements, natural alternatives to synthetic additives, performance enhancement in livestock.
The increasing preference for animal-based protein is expected to propel the growth of the berry extracts for feed market going forward. Animal protein refers to proteins that are derived from animal sources, such as meat, poultry, fish, eggs, and dairy products. These foods are considered high-quality sources of protein as they contain all of the essential amino acids. Berry extract feed, like blueberries, provides activated protein kinase (APK), an enzyme that helps to activate or signal the protein processing of animal proteins and humans. For instance, in 2022, according to the Organization for Economic Co-operation and Development (OECD) and Food and Agriculture Organization (FAO), 2022 Highlights, the global fish consumption is expected to reach 21.4 kg per capita in 2031, compared to 20.5 kg per capita in the year 2021. Additionally, in June 2021, according to the British Nutrition Foundation 2021 Highlights, a UK-based registered charity and non-profit organization, average daily protein consumption in the UK was 76.0 g/day for adults aged 19–64 years and 67.0 g/day for adults aged 65 years. Among them, animal protein intakes in the form of meat and meat products are 34%, and chicken and turkey are 16%. Therefore, the increasing preference for animal-based protein is driving the growth of berry extracts for the feed market.
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The berry extracts for feed market covered in this report is segmented –
1) By Form: Liquid, Powder, Pills
2) By Source: Natural, Synthetic
3) By Application: Pharmaceutical, Food And Beverage, Nutraceutical
Product innovations are a key trend gaining popularity in the berry extracts for feed market. Companies operating in the berry extracts for feed market are launching new products to sustain their position in the market. For instance, in March 2023, Solid Gold, a US-based pet food company, launched Supplements Solid Gold Leaps & Hounds and Solid Gold Grass Guardian for berry extracts for feed The Leaps & Hounds supplement chews are manufactured with premium, useful ingredients like glucosamine, turmeric, and MSM and are designed for dogs of all ages and abilities. Ideal for overweight, older dogs, and puppies. Solid Gold Grass Guardian Supplements support normal urine pH levels to maintain ideal bladder and urinary tract health, reducing dog urine’s tendency to turn the lawn yellow. It is created with cranberry and D-mannose and includes a special enzyme blend to support the digestive system, which may aid in lessening grass burn.
The berry extracts for feed market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Nutrition N.V.
- Kemin Industries Inc.
- Biomin Holding GmbH
- Impextraco NV
- Merck Animal Health
- Novus International Inc.
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