Feed Additives Market Size and Analysis Report by Type, By Livestock, By Form and Region – Global Opportunities & Forecast, 2021-2028
Feed Additives Market Size and Analysis Report by Type (Amino Acid, Antioxidants, Acidifiers, Enzymes, Vitamins, Minerals and Others) by Livestock (Swine, Ruminants, Poultry, Aquatic Animals) by Form (Dry, Liquid and Others) and Region
Published Date: Feb - 2022 | Report Format: Excel/PPT | Report Code: UP2468-001001
Feed additives market size reached USD 35.9 billion in 2020 and is estimated to reach USD 56.4 billion in 2028 and the market is estimated to grow at a CAGR 5.8%
Introduction of the Feed Additives Market
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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Market Dynamic
Key Drivers and Emerging Trends
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:
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- 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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Key questions answered in this research report:
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- At what pace is Feed Additives market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Feed Additives Market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Feed Additives market?
- What are the various Livestocks of Feed Additives Market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2020 |
Market Forecast Period |
2021-2028 |
Market Revenues (2020) |
USD 35.9 Billion |
Base Year & Forecast Units |
Revenues (USD Billion) |
Market Segment | By Type, By Livestock, By Form and By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | 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 |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Feed Additives Market by Type
-
- Amino Acid
- Antioxidants
- Acidifiers
- Enzymes
- Vitamins
- Minerals
Feed Additives Market by Livestock
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- Swine
- Ruminants
- Poultry
- Aquatic Animals
Feed Additives Market by Form
-
- Dry
- Liquid
Feed Additives Market by Region
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- North America Feed Additives Market (Option 1: As a part of the free 25% customization)
- North America Feed Additives Market by Type
- North America Feed Additives Market by Livestock
- North America Feed Additives Market by Form
- US Feed Additives Market All-Up
- Canada Feed Additives Market All-Up
- Europe Feed Additives Market (Option 2: As a part of the free 25% customization)
- Europe Feed Additives Market by Type
- Europe Feed Additives Market by Livestock
- Europe Feed Additives Market by Form
- UK Feed Additives Market All-Up
- Germany Feed Additives Market All-Up
- France Feed Additives Market All-Up
- Spain Feed Additives Market All-Up
- Rest of Europe Feed Additives Market All-Up
- Asia-Pacific Feed Additives Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Feed Additives Market by Type
- Asia-Pacific Feed Additives Market by Livestock
- Asia-Pacific Feed Additives Market by Form
- China Feed Additives Market All-Up
- India Feed Additives Market All-Up
- Japan Feed Additives Market All-Up
- Rest of APAC Feed Additives Market All-Up
- RoW Feed Additives Market (Option 4: As a part of the free 25% customization)
- RoW Feed Additives Market by Type
- RoW Feed Additives Market by Livestock
- RoW Feed Additives Market by Form
- Brazil Feed Additives Market All-Up
- South Africa Feed Additives Market All-Up
- Saudi Arabia Feed Additives Market All-Up
- UAE Feed Additives Market All-Up
- Rest of world (remaining countries of the LAMEA region) Feed Additives Market All-Up
- North America Feed Additives Market (Option 1: As a part of the free 25% customization)
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)
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- 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
Frequently Asked Question About This Report
Feed Additives Market [UP2468-001001]
The major factor accelerating the growth of feed additives is due to the rising demand for animal products such as dairy and dairy-based products, meats, and eggs.
The Amino Acid segment is expected to grow at a higher CAGR during the forecast period. The awareness regarding the prevalence of diseases has supported the demand for feed additives.
Several prominent companies 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.
The growth rate of Feed Additives Market during forecast period is 5.8%.
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Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
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Report is shared with unlimited user (employees) of the purchasing corporation only
Feed Additives Market Size and Analysis Report by Type, By Livestock, By Form and Region – Global Opportunities & Forecast, 2021-2028
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