The global feed preservatives market size is expected to reach USD 3.25 billion in 2024 and reach USD 5.05 billion by 2029, growing at a CAGR of 9.2% from 2024 to 2029.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with growing awareness about feed management practices and customized formulations to reduce production costs and improve livestock health, which has led to increase in investments on high-quality feed products resulting in the need for preservatives. Feed Preservatives constitutes a bunch of feed additives like feed acidifiers, antioxidants, etc. which are used to maintain better hygiene for livestock and hence improve their productivity. They are generally used to improve feed quality by increasing the nutritional content of the animal feed.
There are various factors driving the growth of the Feed preservatives market and thus being responsible in the market showing immense potential in the forecast period. The major factors include regulatory requirements to improve feed quality, unpredictable crop harvest patterns which have led to the need for feed storage. Further, the Industrialization of the poultry sector across developing markets has also been a key factor for the growth of the market. As far as restraints are concerned there has been just one major factor holding back the potential growth of the market recently which is the limited margins of profit of the End Product. Due to the low profits, the market has seen lower investments than its potential.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
9.2% |
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Segments Covered |
By Type, Livestock, Feed Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE, E.I. Dupont De Nemours, and Company, Nutreco N.V., Alltech Inc., Novus International Inc., Perstorp Holding AB, Biomin Holding GmbH, Cargill Inc., Impextraco NV, Kemin Industries Inc. |
On the basis of Livestock, the market is segmented into cattle, poultry, swine, aquaculture, and other livestock. Under the feed type, the segmentation is done into compound feed, feed premix, feed meal, silage, and other feed types. Acidifiers, poultry and compound feed account for the largest market shares in their respective segments.
The Feed Preservatives market was dominated by Europe holding the largest market share globally. It is followed by North America and Asia-Pacific. The Asia Pacific is projected to show the highest growth rate compared to other regions in the coming years.
Some of the major companies dominating the market, by their products and services include BASF SE, E.I. Dupont De Nemours, and Company, Nutreco N.V., Alltech Inc., Novus International Inc., Perstorp Holding AB, Biomin Holding GmbH, Cargill Inc., Impextraco NV, Kemin Industries Inc.
By Type
By Livestock
By Feed type
By Region
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