Market Trends

  Animal Feed Additive Market Overview: According to the Food and Agriculture Organization (FAO), livestock contributes to 40% of the global value of agricultural output. [1]  The abundance of livestock in the agricultural sector has created a demand for animal feed. However, there are times when there is a discernible dearth of nutrient supply for farm animals which becomes detrimental to their growth. This is leading to an augmented need for animal feed additives that are more often than not used as nutrient supplements in animal feed. The flourishing  animal feed additive market   was valued to be $25,126 million as of 2018, and the demand for the same is poised to grow with a modest compound annual growth rate (CAGR) of 3.8% during the forecast period of 2019 to 2025.   Owing to the population density in APAC and the catapulting demand for the livestock, the animal feed additive market is booming in the region. Furthermore, countries such as China, India, Indonesia, and others have

Worldwide increasing demand for biodegradable products and sustainable solutions are influencing the demand in the global oleochemicals market.   Oleochemicals   is defined as a chemical compound derived from natural sources such as plants and animal fats. It is readily available in the world and mainly used in the formulation and production of industrial, personal care, and household products, which include surface cleaners, softeners, fabric cleaners, dishwashing, automotive cleaners, industrial cleaners, degreasers, and hygiene products. These products offer significant diversification opportunity for chemical companies as they are effective and high-quality substitutes for petroleum-based products. Oleochemicals also act as an intermediary in rubber, pharmaceutical, plastic, paint and lubricant industries. The changing industrial structure of plastics, rubber and surface active agent industries coupled with transformation in the mode of development are fueling the fatty acids marke