The global market projecting 7% annual growth from 2022 to 2030.

Feed additives have been subject to immense R&D efforts and innovation as manufacturers and researchers combine forces to keep up with the burgeoning meat consumption, particularly across western countries. Eubiotics are set to play a pivotal role in transforming animal feed production by offering superior-quality novel solutions.

Feed mycotoxin binders have witnessed a mounting demand with growing food safety concerns.

Companies are now working to progress in using fish waste as protein for animal feed to enhance the metabolic system of animals.

The astaxanthin market is expected to grow as manufacturers from multiple industry sectors adopt growth-driven marketing strategies. Food and animal feed manufacturers are utilizing its benefits to enhance colorization and increase fertilization and survival rates in aquaculture farming, among other usages.