19-May-2023 | Facts and Factors
According to the Facts & Factors report, the animal feed additives market size globally was nearly $40.8 billion in 2022 & is set to increase to about $54.60 billion by 2030 along with securing the highest gains of 4.2% over 2023-2030.
Animal feed additives are nutritive compounds that are mixed with livestock feed. Few of the feed additives include minerals and amino acids. Moreover, amino acids play the role of catalyst in a large number of processes including gastrointestinal health, food intake, metabolism, and reproduction. For the record, one of the amino acids referred to as methionine finds application in the poultry sector, while another one referred to as lysine is utilized in pork.
Browse the full “Animal Feed Additives Market Size, Share, Growth Analysis Report By Product(Amino Acids, Antioxidants, and Vitamins), By Livestock (Pork, Poultry, and Cattle), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” report at https://www.fnfresearch.com/animal-feed-additives-market
Rise in demand for meat & seafood due to its high protein contents has expedited the global animal feed additives market earnings. Furthermore, the humungous focus on the good health of animals has transformed into the rapid growth of the market across the globe. Need for improving the performance of animals will embellish the expansion of the global market. With manufacturers focusing on increasing their production capacities for increasing the product supply, the market for animal feed additives is likely to gain traction in the years ahead. Escalating demand for feed additives in animals after the bird flu pandemic has provided a new gateway of development for the market across the globe.
However, strict government laws regulating use of the synthetic additives and a surge in the production cost of animal feed additives can put brakes on the expansion of the global animal feed additives industry. Nonetheless, the immense use of products in the food & beverages sector can open new growth opportunities for the animal feed additives industry across the globe, thereby minimizing the negative effect of hindrances on the global industry.
The global animal feed additives market is divided into product, livestock, and region.
The product segment of the global animal feed additives market is segmented into amino acids, antioxidants, and vitamins segments. Moreover, the amino acids segment, which dominated the application space in 2022, is set to retain its numero uno position even in the near future. The segmental expansion in the coming years can be owing to the demand for improving animal gut health. Apart from this, amino acids find its utilization in protein synthesis in the animal body as well as help in the synthesis of creatine, neurotransmitters, and peptide hormones.
On the basis of livestock, the animal feed additives industry across the globe is bifurcated into pork, cattle, and poultry segments. Furthermore, the poultry segment, which led the livestock segment in 2022, is projected to contribute a major share of the global industry in the coming years. The upsurge of the segment in the next few years can be due to a rise in the breeding of broilers for meat across the globe. Easy access to a plethora of poultry additives including antioxidants, vitamins, acidifiers, and enzymes can expedite the nutritional value of animal feed, thereby contributing immensely towards the segment expansion.
In addition to this, the Asia-Pacific region, which contributed for two-fifths of the global animal feed additives market share in 2022, is expected to establish a leading position in the global market over the assessment timeline. The regional market uplift from 2023 to 2030 can be owing to a rise in the cattle-rearing activities witnessed in countries such as China, Bangladesh, India, Thailand, New Zealand, and Indonesia.
In addition to this, thriving poultry and aquaculture sectors as well as a rise in increase in cattle farming in the region will assist the market in the sub-continent reach new heights of growth in coming years. Apart from this, major product manufacturers have established their bases in the region and this move has attracted huge funds for the feed business of the sub-continent. This has contributed majorly towards the animal feed additives revenues across the region.
Market Size in 2022
USD 40.8 Billion
Projected Market Size in 2030
USD 54.60 Billion
CAGR Growth Rate
Key Market Players
Olmix Group, Evonik Industries, Cargill Inc., Kemin Industries Inc., HONG HA NUTRITION, DuPont, AB VISTA, Royal DSM N.V., ANOVA Group, BASF SE, Alltech Inc., BIOMIN Holding GmbH, ADM Company, Chr. Hansen Holding, Novozymes A/S., and others.
By Product, Livestock, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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Key players in the global animal feed additives market include Olmix Group, Evonik Industries, Cargill Inc., Kemin Industries, Inc., HONG HA NUTRITION, DuPont, AB VISTA, Royal DSM N.V., ANOVA Group, BASF SE, Alltech, Inc., BIOMIN Holding GmbH, ADM Company, Chr. Hansen Holding, and Novozymes A/S.
- In the first half of 2023, Volac International Limited, a UK-based player in the dairy sector, launched a new feed additive unit with the aim of aiding the global feed sector hit scalable heights of growth along with fulfilling net zero standards set by institutions such as EU and other regulatory bodies across the globe. Reportedly, the new unit is likely to highlight improving livestock production, minimizing GHG emissions, and enhancing rumen microbial fermentation.
- In the last quarter of 2022, ADM Company, a U.S.-based food processing firm, launched two sweetening animal feed products under its SUCRAM product extension for livestock species. For the record, the animal feed additives are developed by ADM Company’s global feed additive unit referred to as Pancosma. Moreover, the latter introduced SUCRAM M’I Sweet as well as SUCRAM Specifeek for enhancing the feed palatability for young animals such as piglets. For the record, these products increase food intake in animals and improve their health & performance.
The global animal feed additives market is segmented as follows:
- Amino Acids
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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