Market Overview:
Animal Feed Additives Market Size Was Valued at USD 41.2 Billion in 2022, and is Projected to Reach USD 55.52 Billion by 2030, Growing at a CAGR of 3.8% From 2023-2030.
A substance or combination of substances is referred to as a feed additive and is added to the basic feed mix or a portion of it to meet a particular demand. Feed additives are a crucial component of animal nutrition that improve feed quality, productivity and food quality of animal origin, and animal health. In general, the handling and mixing of applications in microquantities call for attention. It is used to speed up gain, improve feed effectiveness, stop and control sickness, and guard against unfavorable environmental impacts. Additionally, there are two primary categories of feed additives: those that contribute nutrients, such as vitamins, minerals, and amino acids, and those that don't, such as probiotics, antibiotics, hormones, immunomodulators, enzymes, and hormone substitutes.
Top Key Players Covered In The Animal Feed Additives Market:
- BASF SE (Germany)
- Tyson Foods Inc. (US)
- Lallemand Inc. (Canada)
- Kemin Industries (US)
- E. I. du Pont de Nemours and Company (US)
- Ajinomoto Co. Inc. (Japan)
- Koninklijke DSM N.V. (Netherlands)
- Akzo Nobel N.V. (Netherlands)
- Cargill Inc. (US)
- Biomin GmbH (Austria), and Other Major Players.
Market Dynamics and Factors:
The supply side has seen major changes as a result of the growing demand for animal goods, which have improved the yields of livestock products. Production of chicken and pig meat in industrial-style production facilities is now conceivable in locations like North America, Europe, and Asia-Pacific, especially in nations with limited land. This is due to new capital-intensive innovations. In addition, there is an increasing preference for animal-sourced protein in the form of meat, eggs, or milk due to the expanding awareness of the dynamics of food nutrients, particularly protein, on total physical and mental growth and development. This improves the nutritional value of feed while converting the use of feed additives into feed.
Typically, antimicrobial ingredients are added to chicken diets to promote growth and guard against illness. Due to the risk, they posed to the food safety and public health of the EU, as well as cross-resistance, the European Union outlawed feed-grade antibiotic growth promoters. Because of this, feed companies are using current technology to incorporate new kinds of natural feed additives in addition to antibiotics. The botanical additions used by this new generation of growth growers contain appropriate herb or plant extract mixtures. Therefore, there are a variety of benefits anticipated from herbs and plant extracts as they interact with intestinal bacteria and hunger to increase pancreatic secretions and the immune system.
Animal Feed Additives Market Report Highlight:
- By Type, the amino acid segment is anticipated to lead the growth of the Animal Feed Additives market in the forecasted timeframe Increasing consumer awareness about the benefits related to the application of feed additives to overcome the prevalence of diseases has helped the demand.
- By Form, the dry segment is expected to have the highest share of the Animal Feed Additives market over the projected period. They are easy to add with feed and are simple to store and handle. Its accessibility in pellet and mash forms further allows consumers to have options in terms of adding techniques, which should aid the growth of this segment.
- By Source, the synthetic segment is set to develop at the highest CAGR during the forecasted timeframe. Easy accessibility of basic ingredient materials and cheaper manufacturing costs are the key factors driving the demand for synthetic feed additives. Higher market penetration compared to the natural segment will also ensure a strong growth rate for synthetic feed additives.
- By Livestock, the poultry segment is projected to dominate the market during the forecast period. Chicken and eggs are among the most-consumed animal-based products all over countries. High demand for high-quality poultry-based products will sales of animal feed additives. Increasing awareness about animal health and consumer preferences for a certain color of yolk and meat has helped to rising the demand for poultry feed additives
- The Asia-Pacific region is expected to have the highest share of the Animal Feed Additives market over the projected period. The region has a large livestock population and growth rate. Furthermore, the region has witnessed growth in the number of feed mills and feed production, particularly in nations such as India and Japan. This growth in the number of feed mills in the region reflects the growth in feed production.
Key Industry Developments in the Animal Feed Additives Market:
In March 2023, Dutch animal nutrition giant Nutreco acquired Cargill's premix and nutrition business in the Europe, Middle East, and Africa (EMEA) region. This strategic move strengthens Nutreco's presence in the EMEA market and expands its product portfolio.
In May 2023, German chemical giant BASF acquired Veridia Nutrition, a Canadian company specializing in plant-based feed additives. This acquisition bolsters BASF's animal nutrition business and aligns with the growing demand for sustainable feed ingredients.
Animal Feed Additives Market Segmentation:
By Type
- Amino Acids
- Antibiotics
- Feed Enzymes
- Feed Acidifiers
- Vitamins
- Others
By Form
- Dry
- Liquid
By Source
- Synthetic
- Natural
By Livestock
- Ruminant
- Swine
- Poultry
- Aquaculture
- Others
For this report, Introspective Market Research has segmented the Animal Feed Additives Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
