Global Feed Additives Market

Feed Additives Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Feed Additives Market was worth US$ 16.7 Bn and is expected to grow at a CAGR of 2.8% over the forecast period. The market is expected to hit US$ 20.8 Bn by 2030 end.

Product advancements in the market are expanding as there is a greater emphasis on incorporating probiotics and proteins in animal feed additives.

Animal feed additives manufacturers are committed to finding healthier solutions to replace nutritional shortages in animals to increase yield. Aside from that, the emergence of many diseases in cattle has increased the demand for healthier animal feed solutions.

Market Dynamic

What are the causes driving the rise in demand for Feed Additives?

Increasing consumption of animal-based commodities, increased feed output, meat product standardization owing to disease outbreaks, and the use of new animal husbandry practices to improve meat quality have led to an increase in the feed additive market.

People’s understanding of the function and dynamics of food nutrients, notably protein, in total physical and mental development, there is a growing preference for animal-sourced protein in the form of meat, eggs, or milk. These factors stimulate feed additives in feed because it improves nutritional quality.

What are the opportunities in the Feed Additives Market?

Regulatory bodies such as the US Food and Drug Administration and the European Food Safety Authority have enforced standards for the quality of food distributed to customers. Innovative animal husbandry strategies, such as using antibacterial feed additives, improve the quality of livestock products, increasing the Feed Additive Market.

What are the biggest challenges that the Feed Additive Market is facing?

Raw material price hikes are a serious concern for feed manufacturers worldwide. Natural sources of feed acids, antioxidants, and vitamins include seeds, tree bark, and plant leaves. The rising expense of extraction from these sources, combined with rigorous requirements for waste biomaterials and wastewater treatment, limits the expansion of the feed additives business.

COVID-19 Impact

The COVID-19 outbreak has created significant medical, societal, and economic issues. Whereas the medical community focuses on developing successful diagnostic and medical treatments, the feed sector focuses on producing healthy animal products by employing feed additives to combat diseases by giving defensive support.

Segment-Wise Analysis

Why is the preservative segment expected to grow at the fastest CAGR?

Over the projection period, feed preservatives are expected to increase at the fastest CAGR. The growing focus of feed manufacturers on extending feed shelf life has boosted the demand for feed preservatives. In the last few decades, animal breeding has had significant nutritional modifications, resulting in an increasing requirement for feed preservatives such as mold inhibitors and anticaking agents.

Which Feed Additive livestock is predicted to expand the most?

The poultry category is expected to be the largest and fastest-growing feed additives market segment. Concerns about animal health and human preferences for a specific hue of yolk and flesh drive demand for poultry feed additives.

Why is the dry form of Feed Additive so popular?

Dry forms are more popular among animal farmers since they are easy to mix with feed and store. Its availability in pellet and mash forms provides consumers with additional mixing options, which should boost the expansion of this industry.

Which Feed Additive source segment is likely to grow the most rapidly throughout the forecast period?

According to the source, the synthetic segment is expected to develop the fastest during the predicted period. The main elements boosting demand for artificial feed additives are easier availability of raw ingredients and lower production costs. Due to greater market penetration, synthetic feed additives will grow faster than the natural segment.

Why is the Asia-Pacific region cementing its global dominance in the Feed Additives Market?

Because of its enormous livestock population and rapid growth, the Asia Pacific area will dominate the worldwide market. The number of feed mills and feed output in the region has grown, particularly in India and Japan.

The increased number of feed mills in the region reflects the region’s increased feed production. China, the region’s largest feed producer, contributes greatly to the region’s leadership position, with Thailand and Indonesia emerging as feed-producing countries and India and Japan demonstrating consistent development in feed output.

Competition Analysis

The worldwide animal feed additives industry is highly concentrated, with large global and regional companies. Leading market players are emphasizing strategic alliances, mergers, and acquisitions as part of their growth strategies to build a strong presence in the industry. Besides collaborations, a strong emphasis on R & D for improved product development would help consolidate growth prospects over the evaluation period.

The top five competitors, Basf Se, Evonik Industries AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V., are expected to account for 35%-45% of the overall market share.

Some of the key developments that have taken place in the Feed Additives Market include:

• In March 2021, Ajinomoto Co. teamed up with Pegasus Tech Ventures, a worldwide venture capital firm, to invest in Silicon Valley-based start-ups to capitalize on growing trends in the food and healthcare sectors. The collaboration will allow the organization to expand its worldwide geographical footprint to 16 sites.
• In June 2021, Biomin GmBH, global animal nutrition, and feed additive manufacturer, announced its participation in a four-year, $11.9 million EU-funded research collaborative initiative to address pig and poultry production difficulties. The 3D’omics project aims to develop a novel technique for analyzing animal microbiome interactions at the microscale by providing 3D visuals for a better understanding.

A list of some of the critical suppliers present in the market are:

• Cargill
• ADM
• Evonik
• DuPont
• BASF
• DSM
• Ajinomoto
• Novozymes
• Hansen
• TEGASA
• Nutreco
• Kemin Industries Inc.
• Adisseo
• Alltech
• Palital Feed Additives B.V
• Global Nutrition International
• Centafarm SRL
• Bentoli
• NUQO Feed Additives
• Novus International, Inc.

Market Segments Covered in Report

By Type:

• Amino acids
• Phosphates
• Vitamins
• Acidifiers
• Carotenoids
• Enzymes
• Mycotoxin detoxifiers
• Flavors & sweeteners
• Antibiotics
• Minerals
• Antioxidants
• Non-protein nitrogen
• Phytogenics
• Preservatives
• Probiotics

By Livestock:

• Poultry
• Ruminants
• Swine
• Aquatic animals
• Other livestock (equine and pet food)

By Form:

• Dry
• Liquid

By Source:

• Plant
• Animal
• Micro-organisms

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Global Feed Additives Market 2022-2030: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies