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Specialty Feed Additives Market By Type Of Feed (Vitamins, Antioxidants, Flavours And Sweeteners, Minerals, Binders, Acidifiers And Others), By Livestock (Aquatic Animals, Poultry, Swine, Ruminants And Others), By Type Of Feed (Liquid Feed And Dry Feed), By Function (Palatability Enhancement, Mycotoxin Management, Ingredient Preservation Digestive Performance Enhancement And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast | 2022 to 2027

Published: January, 2022
ID: 2833
Pages: 175
Formats: report pdf report excel report power bi report ppt

Specialty Feed Additives Market Size & Growth 2026:

Specialty Feed Additives Market was worth USD 9.05 billion in 2021 and estimated to be growing at a CAGR of 5.5%, to reach USD 11.83 billion by 2026.

Specialty Feed Additives is a vital market to society as it enhances the quality of meat and other animal products thus adding nutrition to human life as well. The recent period has seen a significant rise in the importance paid to specialty feed additives for livestock. Specialty Feed Additives facilitate the provision of nutrition to farm animals, which cannot be gained through regular meals. They enhance the digestive system of the animals and are provided in the form of palatable food materials.

Market Drivers:

The growth of the Global Specialty Feed Additives Market is mainly driven by factors such as a rise in the consumption of meat and other animal products like dairy, leather, etc are favoring the growth of this market. The increasing spread of diseases amongst the livestock and innovation in the livestock rearing culture is another major factor driving the growth of the market. However, lack of awareness, high investment costs, and government regulations are preventing the growth of the market.

SPECIALTY FEED ADDITIVES MARKET REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

5.5%

Segments Covered

By Type of feed,  By Livestock, By Form of feed, By Function, By 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

Regions Covered

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Market Leaders Profiled

  • Novus International
  • BASF SE
  • Evonik Industries
  • Luca S.A
  • Chr. Hansen Holdings A/S
  • Biomin Holding GmbH
  • Invivo NSA
  • DSM
  • Akzo Nobel Surface Chemistry AB
  • Kemin Industries Inc
  • Biomin Holding GmbH
  • Nutreco N.V

Market Segmentation:

Specialty Feed Additives Market - By Type of feed:

  • Vitamins

  • Antioxidants
  • Flavors and Sweeteners
  • Minerals
  • Binders
  • Acidifiers
  • others

The Acidifiers segment leads the global market on the basis of the type of feed and is also projected to witness a higher growth rate during the forecast period.

Specialty Feed Additives Market - By Livestock:

  • Aquatic animals
  • Poultry
  • Swine
  • Ruminants
  • others

Under this segment, feed additives for the poultry segment are leading the market currently.

Specialty Feed Additives Market - By Form of feed:

  • Liquid feed and Dry feed

The dry feed is further classified as Pellets and Powders. The Liquid Feed additives market is expected to have a higher CAGR among the feed additives based on the form of feed.

Specialty Feed Additives Market - By Function:

  • Palatability enhancement
  • Mycotoxin Management
  • Ingredient Preservation Digestive performance enhancement
  • Others

Specialty Feed Additives Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East & Africa

In 2016, Europe led the global Specialty Feed Additives Market. However, the Asia Pacific region is projected to grow the highest during the forecast period due to various factors such as the growing urban population, increase in spending, and the rise in population.

Key Players:

  • Novus International
  • BASF SE
  • Evonik Industries
  • Luca S.A
  • Chr. Hansen Holdings A/S
  • Biomin Holding GmbH
  • Invivo NSA
  • DSM
  • Akzo Nobel Surface Chemistry AB
  • Kemin Industries Inc
  • Biomin Holding GmbH
  • Nutreco N.V

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