The Global Feed Additives Market was worth US$ 38.1 billion in 2021, and it is estimated to reach a valuation of US$ 52.53 billion by the end of 2027, expanding at an annual growth rate of 5.5% between 2022 and 2027.
Feed Additive is a form of additive that is used in animal feed in order to increase feed flavor and enhance palatability. The feed additive helps in the growth and development of animals and keeps them safe from diseases. The feed additive includes all the essential nutrients such as vitamins, minerals, phosphorus, iron, enzymes, flavors & sweeteners, carotenoids, acidifiers, probiotics, etc. The amino acids present in additive helps in building blockchains of proteins and then develop the body of livestock. Probiotics contain enzymes that boost the digestive system of animals and increase the palatability of livestock and keep them healthy. The phytogenic feed additive is an animal gut health solution that increases animal performance therefore, farmers demand it a lot. Feed additives are also preferred by manufacturers in order to enhance their feed products. The feed additives given to animals include poultry, swine, aquaculture, ruminants, etc. The increasing livestock population, feed mills, growing awareness among farmers, and increasing demand for animal-based products are some factors that drive the growth of the fed additive market during the projected period.
The driving force of the Feed Additive Market is the increasing demand for protein-rich animal-based products, growing awareness about the health and development and usage and benefits of feed additive among livestock farmers; and stringent regulation by regulating bodies of several nations regarding food safety & hygiene and about animal health and wellbeing.
Consumers around the world are becoming more health-conscious and likely to prefer a protein-based diet in their daily schedule. The protein diet includes dairy products, eggs, and meat and meat products. The demand for these protein-based animal products is increasing worldwide, which directly propels the growth of the feed additive market.
The framers of developed countries are well established and keep themselves updated about the latest developments in the market related to the livestock industry and are also much aware of the health of their animals. However, livestock farmers of developing nations are becoming aware of the health benefits of feed additives and other compounds. They are now moving their focus toward animal health, therefore giving feed additives to their animals and boosting the market growth.
The growing number of feed mills and producing companies are driving the growth of the market. Manufacturers are also mixing additives with the feed for the betterment of feed and increasing its shelf life of feed also. Owing to these reasons the demand of the feed additive is boosting which in turn fuels the market growth in the forecasted period between 2022 and 2027.
European Union has banned giving antibiotics to the animals in their feed as excessiveness of it affects animal health that hampers the market growth. Also the liquid form of feed additive is also not easily handled and transportable, thereby restraining feed additive market growth.
FEED ADDITIVES MARKET REPORT COVERAGE:
Market Size Available
2021 – 2027
2022 - 2027
By Type, Form, Source, Livestock, and Region
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
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Cargill (US), ADM (US), Evonik (Germany), DuPont (US), BASF (Germany), DSM (Netherlands), Novozymes (Denmark), TEGASA (Spain), Nutreco (Netherlands)
Vitamins and minerals
Flavors & sweeteners
The preservatives segment is expected to have a good growth rate over the forecast period as preservatives are highly demanded by food manufacturers in order to increase the shelf life of the feed additives. The demand for preservatives is increasing due to their use as mold inhibitors and anti-caking. It is used for the last 60 years due to significant dietary changes in livestock breeding.
The poultry segment is anticipated to dominate the market during the forecast period due to the significant demand for eggs and poultry meat is boosting the growth of the market. Additionally, the price and production cost of poultry meat is lower compared to other livestock meat. Furthermore, the population around the globe prefers specifically yellow color of yolk which is another factor that drives the growth of the market. Also, farmers are becoming more concerned about the growth and development of animal health increasing the demand for feed additives in the market.
The dry segment is expected to boost the market growth in the coming years because the dry form of feed additive is easy to store and hand and also it can be easy
The synthetic segment is estimated to have a significant share of feed additive market because of easy availability and high demand. Though, synthetic segment is highly demand but naturally sources feed additive market is also increasing because of its several benefits for animal health but naturally sourced additive have high price.
Middle East & Africa
Asia-Pacific region holds the largest share of the feed additive market in terms of value as there are large numbers of feed mills and feed production countries present in this region. Countries like India, China, Thailand, Indonesia, Japan, etc. China has a large number of feed mills; Indonesia and Thailand are emerging countries that produce feed, therefore, the market of feed additives in this region is fueling the growth of the market. Also, a few countries in the Asia-Pacific region have high populations and also the population of this region is becoming more concerned about the health and likely to involve an animal-based protein diet in their food. Live population I also high in the Asia-Pacific region and farmers are also becoming aware of the health benefits of feed additives and providing feed additives to animals. All the above factors are fueling the growth of the feed additive market.
North America is expected to dominate the market during the projected period. In North America, people are health conscious and have large disposable income, therefore; the demand for the animal-based products is high in this region as they are a rich source of protein. Additionally, livestock farmers are likely to keep update their selves in order to keep their animals healthy and increase their farm profitability. Livestock farmers prefer feed additives and other feed compounds to keep their animals healthy and free from disease.
Europe also shows good significant growth rate over the foreseen period the reason for this growth is stringent regulations towards animal health and hygienic meat products are major driver for the growth of feed additive market.
Some of the key players in the global Feed Additives market are:
Some of the leading companies that operate their business in the Global Feed Additive Market include:
All the companies related to the Feed Additives market are focusing more on the R&D initiatives and are investing more to strengthen their market and also to compete with other companies economically.
The feed additive market size was estimated at USD$ 38.1 billion in 2021 and estimated to reach USD$ 42.0 billion in 2022.
The feed enzyme market is expected to grow at a compound annual growth rate of 5.5 % from 2022 and 2027 to reach USD$ 52.53 billion in 2027.
The major factor that are responsible for the growth of the feed additive market include rising demand of animal based protein food such as dairy products, eggs, meat and meat products; growing awareness among livestock farmers of developing countries regarding feed additive and animal health and stringent rules by government of various nations towards quality of meat and animal health.
There is an increase in new product developments, expansions and mergers & acquisitions by the key players such as DuPont, BASF SE, Cargill, and Altech.
Poultry segment is dominating in the feed enzyme market due to increasing global demand of the poultry products such as eggs and meat and it has low cost price as compared to other type of product.
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