Global Feed Additives Market Share Is Likely To Reach At A CAGR Value Of Around 9.1% By 2030

29-May-2023 | Facts and Factors

The global feed additives market size was nearly $13.1 billion in 2022 and is set to increase to about $17.1 billion by 2030 along with securing the highest gains of 9.1% from 2023 to 2030.

feed-additives-market-share

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Feed additives are compounds promoting nutrient assimilation, ingestion, absorption, and growth. Furthermore, they impact physiological procedures including immune functions, reproduction, and stress resistance. Moreover, feed additives include prebiotics, feeding attractants, acidifiers, essential oils, immunostimulants, and probiotics. Reportedly, feed additives are utilized for improving the nutritive value of the fish. In addition to this, a large number of feed additives improve fish and shrimp performance.

Browse the full report “Feed Additives Market Size, Share, Growth Analysis Report By Additive (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, and Yeast), By Livestock (Aquaculture, Poultry, Ruminants, and Swine), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030”  at https://www.fnfresearch.com/feed-additives-market

Escalating demand for animal protein along with growing awareness about the use of feed additives for animal as well as fish well-being will steer the global feed additives market trends. Breakthroughs in the production of feed additives for improving animal well-being will embellish the growth of the market across the globe.

In addition to this, the rise in acceptance of precision livestock farming will proliferate the size of the market growth globally. Favorable government policies supporting the use of feed additives will accelerate the market landscape.

However, banning of using antibiotics as feed additives can impede the growth of the global feed additives industry. Rise in raw material costs can further hinder industry growth across the globe. Nevertheless, the use of natural growth promoters can open new growth avenues for the global industry in the upcoming years. This can offset the effect of hindrances on global industry growth.

global-feed-additives-market-size

Segmental Overview:

The global feed additives market is sectored into additive, livestock, and region.                        

The additive segment of the feed additives market is segmented into phytogenics, enzymes, acidifiers, antibiotics, antioxidants, amino acids, prebiotics, binders, minerals, mycotoxin detoxifiers, flavors & sweeteners, pigments, vitamins, probiotics, and yeast segments.

Furthermore, the amino acids segment, which contributed for nearly three-fourths of the global market share in 2022, is set to register the fastest CAGR over the forecast timeline. The segmental growth in the coming eight years can be credited to the large-scale use of amino acids as feed additives to improve the metabolism and performance as well as the health of the animals.

On the basis of livestock, the feed additives industry across the globe is bifurcated into ruminants, aquaculture, poultry, and swine segments. The poultry segment, which contributed majorly towards the global market share in 2022, is anticipated to dominate the global industry growth over the assessment period. The growth of the segment in the next couple of years can be subject to rising consciousness about animal health and end-user inclination towards specific kinds of yolk and meat resulting in the large-scale use of feed additives in the poultry segment.

Regional Overview:

In addition to this, Asia-Pacific, which contributed for more than three-fifths of the global feed additives market share in 2022, is expected to retain its dominant position in the global market over the assessment period. The regional market growth from 2023 to 2030 can be owing to the occupation of maintaining livestock & cattle rearing activities in countries such as Japan, Thailand, Indonesia, and India for milk and meat. In addition to this, the presence of feed mills in the countries such as Thailand, China, and Indonesia will further increase the size of the regional market in the upcoming years.

Furthermore, the North American feed additives industry is set to record the highest CAGR of about 14.1% in the years ahead. The growth of the industry in the sub-continent can be owing to an increase in the purchase of commercial seeds across the countries such as the U.S. and Canada. In addition to this, the presence of giant players in the sub-continent is likely to open new vistas of growth for the market in North America.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 13.1 Billion

Projected Market Size in 2030

USD 17.1 Billion

CAGR Growth Rate

9.1% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Cargill Inc., DuPont, ADM, Evonik Industries, BASF SE, DSM AG, Novozymes Corporation, Ajinomoto, Chr Hansen, Nutreco, TEGASA, Alltech, Kemin Industries Inc., Palital Feed Additives B.V., Centafarm SRL, Novus International Inc., NUQO feed Additives, and others.

Key Segment

By Additive, Livestock, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Competitive Landscape:

Furthermore, key players in the global feed additives market include Cargill Inc., DuPont, ADM, Evonik Industries, BASF SE, DSM AG, Novozymes Corporation, Ajinomoto, Chr Hansen, Nutreco, TEGASA, Alltech, Kemin Industries Inc., Palital Feed Additives B.V., Centafarm SRL, Novus International Inc., and NUQO feed Additives.

Recent Developments:

  • In the first half of 2021, Kemin Industries, a specialty ingredient supplier, introduced KemTRACE Chromium-OR, a feed additive that can be used in the feed of animals such as horses, swine, broilers, and cattle. The move will promote the growth of the feed additives market across the globe.
  • In the first quarter of 2021, Alltech, a U.S.-based firm in the animal feed supplements business, and DLG Group, a UK-based insurance firm, signed a partnership agreement for bringing efficiency in the operations of livestock producers or cattle rearing people in Scandinavia. Reportedly, both the firms have stated of acquisition of Karki-Agri Oy, a Finland-based firm. The move will contribute majorly towards the growth of the feed additives industry in Europe.
  • In the second half of 2020, ADM Company launched NutriPass L, a capsule lysine supplement in the feed of cows. The initiative will contribute remarkably towards the growth of the feed additives business globally.

The global feed additives market is segmented as follows:

By Additive

  • Acidifiers
  • Amino Acids
  • Antibiotics
  • Antioxidants
  • Binders
  • Enzymes
  • Flavors & Sweeteners
  • Minerals
  • Mycotoxin Detoxifiers
  • Phytogenics
  • Pigments
  • Prebiotics
  • Probiotics
  • Vitamins
  • Yeast

By Livestock

  • Aquaculture
  • Poultry
  • Ruminants
  • Swine

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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