Feed Additives Market

Feed additives market size reached USD 40.2 billion in 2022 and is estimated to reach USD 63.1 billion in 2030 and the market is estimated to grow at a CAGR 5.8%.

Feed Additives Market Overview

Feed additive is an additional extra nutrient for the purpose of improving the quality of food of the animals to enhance growth, digestibility, and other productive function. Such feed additives consist of vitamins, amino acids, fatty acids, pharmaceuticals, medical, fungal products, and steroidal compounds, which are essential for livestock. Feed additives are beneficial to production, such as for muscle development, improving egg quality, wool production, and coat quality. Some of the feed additives are anti-caking agents, colors, emulsifiers, enzymes, flavors, hydrocolloids, and sweeteners.

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Major Feed Additives Market Drivers

The rising demand for animal products such as dairy and dairy-based products, meats, and eggs is expected to drive the consumption of feed additives. The increasing awareness about the role of protein in the overall development of physical and mental growth has boosted the market for animal-based protein in the form of eggs or milk. Hence, the quality of animal products can be improved by qualitative feed additives, which can be some of the major factors expected to drive the Feed Additives market size. The rise in meat consumption has increased concerns over meat quality, and safety-related to the eruption of animal diseases. Feed additives are an essential part of animal nutrition to improve food quality and animal health, which may further support the growth of the Feed Additives market.

Additionally, The Global Feed Additives Market has been driven by livestock products aimed at improving livestock product Yield. New capital-intensive technologies have made industrial-style production of poultry and meat possible. According to the Food and Agricultural Organization, in 2019, the livestock population for animals such as cattle has increased to 1.8 billion. The boosted production of livestock will increase the demand for feed additives for feeding the growing livestock population.

Restraint in the Feed Additives Market

However, increase in the price of raw materials such as feed acids, antioxidants, and vitamins extracted from the seed, barks, and plant leaves is a major challenge faced by feed manufacturers worldwide. Rigid regulations for waste biomaterials and wastewater treatment associated with the rising cost of extraction can further restrict the growth of the Feed Additives market. Availability of feed has become a critical issue for the industry as with the increasing global population, the industry faces severe pressure in procuring raw feed such as corn, wheat, and barley.

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Type- Segment Analysis

Based on type, Amino Acid is expected to witness higher growth in the coming years. The awareness regarding the prevalence of diseases has supported the demand for feed additives. Amino acids are responsible for a protein-building block in animal health and enhancing gut health, food intake, reproduction, and metabolism. For instance, in a chicken feed, amino acids improve feed efficiency, hatchability, and egg production. The amino acid also improves meat quality with high protein content and low-fat content.

Livestock- Segment Analysis

Based on Livestock, the Pork segment is expected to grow at the highest CAGR during the forecast period. Countries such as Canada, Brazil, US, and China are the major producer and consumer of swine feed. Depending on the feed requirement of a swine is different at each level of growth and hence it is necessary to provide proper formulation at each stage of growth. For instance, antioxidants, antimicrobials, emulsifiers, and pH control agents are some of the additives used for improving growth performance and diseases control in swine.

Form- Segment Analysis

Based on the Form, Dry segment is expected to grow at a higher CAGR in the global feed additive market. The dry form is high in demand as it is easy to mix with feed and easy to store for the livestock producer. In terms of mixing techniques, the availability of feed-in pellet and mash form supports the growth of this segment.

Region- Segment Analysis

Based on region, the Asia Pacific region is expected to be the largest market for Feed Additives globally during the forecast period. An increase in demand for animal products, population growth, and an increase in demand for quality meat products has boosted the market for feed additives. Factors such as changing lifestyles and rapid urbanization are anticipated to fuel the regional demand for nutritional-rich animal source food. According to the Food and Agricultural Organization, in 2019, the livestock population for animals such as cattle has increased to 1.8 billion. Furthermore, companies such as Charoen Pokphand Foods of Thailand, processes quality animal feeds considering proper location, quality raw materials, applying proper nutrition formula, and using modern technologies such as computerized systems and effective logistic systems, which will further help in the growth of the feed additive market.

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Top Market Players

Some of the key players operating in the Feed Additives market includes Global Nutrition International, Centafarm SRL, Novus International Inc., Ajinomoto, Kemin Industries Inc, Cargill Incorporated, Archer-Daniels-Midland Company, Phibro Animal Health Corporation, Evonik Industries AG, Aliphos Belgium SA, and many others. 

Key Developments:

• • In 2021, Danisco Animal Nutrition has expanded its launch of products such as the novel phytase feed enzyme, Axtra PHY GOLD in Malaysia, Thailand, and the Australian market.
  • In 2020, Bluestar Adisseo formed a joint venture with Calysta Inc., a US-based protein producer, to develop an innovative feed solution for aquaculture called FeedKind.

Segments Covered in the Report:

The Feed Additives Market has been segmented based on Type, Livestock, Form, and Region. Based on Type, the market is segmented into Amino Acid, Antioxidants, Acidifiers, Enzymes, Vitamins, Minerals and Others. Based on Livestock, market is segmented into Swine, Ruminants, Poultry, Aquatic Animals. Based on Form, market is segmented into Dry and Liquid. 

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Market Segmentation

Feed Additives Market by Type

• • Amino Acid
  • Antioxidants
  • Acidifiers
  • Enzymes
  • Vitamins
  • Minerals

Feed Additives Market by Livestock

• • Swine
  • Ruminants
  • Poultry
  • Aquatic Animals

Feed Additives Market by Form

• • Dry
  • Liquid

Feed Additives Market by Region

• • North America Feed Additives Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Livestock
    • By Form
    • US Market All-Up
    • Canada Market All-Up

  • Europe Feed Additives Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Livestock
    • By Form
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Feed Additives Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Livestock
    • By Form
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Feed Additives Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Livestock
    • By Form
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Feed Additives Market All-Up

Major Players Operating in the Feed Additives market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Global Nutrition International
  • Centafarm SRL
  • Novus International Inc.
  • Ajinomoto
  • Kemin Industries Inc
  • Cargill Incorporated
  • Archer-Daniels-Midland Company
  • Phibro Animal Health Corporation
  • Evonik Industries AG
  • Aliphos Belgium SA