Global Feed Additives Market, By Source ( Antibiotics, Enzymes, Amino Acid, Feed Acidifiers, Mycotoxin Detoxifiers, Probiotics, Vitamins, Preservatives, Flavors and Sweeteners, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, and Others), Livestock (Ruminants, Poultry, Swine Cattle, Aquaculture, and Others), Form (Dry and Liquid), Function (Nutrition, Immunity, and Productivity), Category (Conventional, and Organic) – Industry Trends and Forecast to 2031.
Feed Additives Market Analysis and Size
The feed additives market is advancing rapidly, driven by innovations such as precision fermentation and novel enzymes. Latest technologies, such as nanotechnology and bioinformatics, enhance nutrient absorption and animal health. Growth is propelled by rising demand for sustainable and efficient livestock production, with a focus on reducing environmental impact and improving feed conversion ratios.
The global feed additives market size was valued at USD 54.40 billion in 2023, is projected to reach USD 88.70 billion by 2031, with a CAGR of 6.30% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source ( Antibiotics, Enzymes, Amino Acid, Feed Acidifiers, Mycotoxin Detoxifiers, Probiotics, Vitamins, Preservatives, Flavors and Sweeteners, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, and Others), Livestock (Ruminants, Poultry, Swine Cattle, Aquaculture, and Others), Form (Dry and Liquid), Function (Nutrition, Immunity, and Productivity), Category (Conventional, and Organic)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cargill, Incorporated (U.S.), Alltech (U.S.), BASF SE (Germany), Delacon Biotechnik GmbH (Austria), Evonik (Germany), DSM (Netherlands), Adisseo (France), InVivo (France), Novozymes A/S (Denmark), Ajinomoto Co., Inc. (Japan), Kemin Industries, Inc. (U.S.), Elanco (U.S.), Dow (U.S.), DuPont (U.S.), Natural Remedies (India), and Synthite Industries Ltd (India)
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Market Opportunities
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Market Definition
Feed additive are substances incorporated into animal feed to enhance its nutritional value, improve animal health, and boost performance. They encompass vitamins, minerals, amino acids, enzymes, probiotics, prebiotics, antioxidants, and growth promoters. These additives can optimize digestion, bolster immunity, and ensure proper growth and development in livestock. Additionally, they might include substances to prevent diseases or improve the quality of animal products.
Feed Additives Market Dynamics
Drivers
- Growing Livestock Population
The escalating global demand for meat and dairy products is propelling a surge in the livestock population. This surge, in turn, is intensifying the need for feed additives to bolster animal health and productivity. For instance, as countries such as China and India experience rapid economic growth, their burgeoning middle class is demanding more protein-rich diets, amplifying the need for feed additives to optimize livestock growth and meet market demands.
- Expansion of Aquaculture Industry
The rapid growth of the aquaculture sector, fueled by increasing seafood demand, is propelling the market for feed additives. These additives are crucial for enhancing the health and productivity of aquatic species. For instance, in shrimp farming, probiotics and enzymes are widely used to improve digestion and disease resistance, ensuring sustainable production to meet the rising global demand for seafood. This trend underscores the pivotal role of feed additives in supporting aquaculture expansion.
Opportunities
- Increasing Focus on Sustainable Farming Practices
The increasing emphasis on sustainable farming practices, driven by concerns about environmental impact, is boosting the demand for feed additives. These additives optimize feed efficiency, reduce environmental footprint, and minimize resource wastage. For instance, the use of probiotics in animal feed not only improves digestion and nutrient absorption but also reduces methane emissions, contributing to a more sustainable livestock production system and driving market growth.
- Increasing Demand for Quality Animal Products
The growing consumer demand for high-quality animal products, driven by health consciousness, is a significant driver for the feed additives market. Feed additives ensure animal products meet stringent safety and nutritional standards. For instance, probiotics and prebiotics improve gut health in livestock, resulting in safer meat and dairy products. This consumer preference for quality assurance propels the market forward, encouraging innovation and adoption of advanced feed additives.
Restraints/Challenges
- Supply Chain Disruptions
The feed additives market faces vulnerability due to its reliance on raw materials from specific regions or countries. Geopolitical tensions, natural disasters, or trade restrictions can disrupt the supply chain, leading to shortages and price fluctuations. Such uncertainties hinder market stability and pose challenges for manufacturers in ensuring consistent production and delivery of feed additives.
- Animal Welfare Considerations
Growing emphasis on animal welfare standards restrains the feed additives market by necessitating stricter regulations on additives' impact on animal health and welfare. This scrutiny limits the use of certain additives and requires costly compliance measures, impacting profitability. Compliance with evolving welfare standards adds complexity and cost to production processes without offering compensatory benefits to market stakeholders.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2023, Novus International's acquisition of Agrivida signals a strategic endeavor to bolster its prowess in pioneering feed additives. By assimilating Agrivida's biotechnology proficiency, Novus endeavors to introduce novel solutions to the market, potentially augmenting the nutritional value and efficacy of animal feed, thus underscoring its commitment to innovation and advancement in the industry
- In 2022, BASF embarked on a significant expansion of its feed enzyme production capacity at the Ludwigshafen plant in Germany. This strategic initiative aimed to cater to the escalating demand for BASF's feed enzymes, encompassing Natugrain TS, Natuphos E, and the newly launched Natupulse TS. The heightened annual production capacity not only ensures a steadfast supply but also underscores BASF's dedication to furnishing top-tier feed additives, effectively addressing the burgeoning requirements of the market
- In 2022, Cargill strategically bolstered its portfolio by acquiring Delacon, a leading manufacturer of plant-based additives. This acquisition fortifies Cargill's repertoire with Delacon's adeptness in feed additives, facilitating the production of more nutritious food in harmony with the global call for sustainable and innovative feed solutions. The acquisition propels Cargill to offer a wider array of superior-quality feed additives, consolidating its stature as a pivotal industry player
- In 2022, Adisseo Group's acquisition of Nor-Feed and its subsidiaries signifies a strategic expansion into the realm of animal feed solutions. This move furnishes Adisseo with access to Nor-Feed's proficiency in botanical additives, enabling the exploration and registration of novel, plant-based feed additives. Aligned with the industry's inclination towards natural and sustainable alternatives, this strategic maneuver positions Adisseo as a frontrunner in catering to evolving market demands
- In 2022, Kemin Industries introduced Toxfin Care, a groundbreaking solution in mycotoxin management. Toxfin Care not only shields animal feed from mycotoxins but also bolsters the immune system, safeguards organs, and mitigates performance and productivity setbacks. This innovation tackles the pressing issue of mycotoxin contamination in feed, offering a holistic approach to enhancing animal well-being and productivity
Feed Additives Market Scope
The market is segmented on the basis of source, livestock, form, category and function. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Antibiotics
- Enzymes
- Amino Acid
- Tryptophan
- Lysine
- Methionine
- Feed Acidifiers
- Mycotoxin Detoxifiers
- Probiotics
- Vitamins
- Preservatives
- Flavors and Sweeteners
- Nitrogen
- Phytogenic
- Carotenoids
- Trace Minerals
- Antioxidants
- Others
Livestock
- Ruminants
- Poultry
- Swine Cattle
- Aquaculture
- Others
Form
- Dry
- Liquid
Function
- Nutrition
- Immunity
- Productivity
Category
- Conventional
- Organic
Feed Additives Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, source, livestock, form, category and function as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to show lucrative growth in the feed additives market, fueled by a growing population and rising living standards. Increased demand for meat in the region further propels this growth, driving the need for innovative feed solutions to enhance animal health and productivity.
North America is expected to dominate the feed additives market, propelled by strict meat quality regulations and abundant raw materials such as dextrose, maize, and corn. This region's focus on quality assurance and ample supply chain resources positions it as a key player in the industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed Additives Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Cargill, Incorporated (U.S.)
- Alltech (U.S.)
- BASF SE (Germany)
- Delacon Biotechnik GmbH (Austria)
- Evonik (Germany)
- DSM (Netherlands)
- Adisseo (France)
- InVivo (France)
- Novozymes A/S (Denmark)
- Ajinomoto Co., Inc. (Japan)
- Kemin Industries, Inc. (U.S.)
- Elanco (U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- Natural Remedies (India)
- Synthite Industries Ltd (India)
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