PUBLISHER: DataM Intelligence | PRODUCT CODE: 1319169
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1319169
Global Animal Feed Additive Market - 2023-2030
Market Overview
The Global Animal Feed Additive Market reached US$ 38.2 billion in 2022 and is expected to reach US$ 51.4 billion by 2030 and is expected to grow with a CAGR of 3.8% during the forecast period 2023-2030. The increasing adoption of natural and organic animal feed additives is a prominent trend in the animal feed additives market. For instance, the use of plant-based antioxidants as a natural alternative to synthetic antioxidants has gained traction in the market.
The animal feed additives market is a rapidly growing sector within the global agriculture industry. It involves the use of various additives, such as antibiotics, vitamins, enzymes, and antioxidants, to enhance the nutritional value of animal feed. Key players in the industry are investing in research and development activities to develop innovative and safe feed additives. With the growing population and changing dietary patterns, the animal feed additives market is expected to continue its upward trajectory.
The growing demand for high-quality animal protein is a key driver of the animal feed additives market. For example, the rising global population and changing dietary preferences have led to increased consumption of meat, eggs, and dairy products. This drives the need for animal feed additives that enhance animal growth, improve feed efficiency, and ensure optimal nutrition.
Market Dynamics
Technological Advancements and Innovation Drive the Growth of Animal Feed Additives Market
The animal feed additive market trend is being driven by technological advancements and innovation. As the industry strives to meet the increasing demand for high-quality animal protein, there is a continuous focus on developing advanced feed additives that offer improved efficacy, safety, and sustainability. Cutting-edge technologies such as genetic engineering, biotechnology, and nanotechnology are being employed to enhance the formulation and delivery of feed additives.
For instance, encapsulation techniques are used to protect sensitive additives, ensuring their targeted release in the animal's digestive system. These advancements enable the development of novel additives that address specific nutritional needs, enhance feed efficiency, and promote animal health, contributing to the overall growth of the animal feed additives market.
Increasing Consumer Awareness and Demand for Healthy and Natural Animal Products Drive the Animal Feed Additive Market
The increasing consumer awareness and demand for healthy and natural animal products are significant drivers of the animal feed additives market. Consumers are increasingly concerned about the quality and safety of the animal-derived products they consume and seek products that are produced using sustainable and environmentally friendly practices. As a result, there is a growing preference for animal products that are free from harmful additives and antibiotics.
This has led to a shift towards natural and organic feed additives that enhance the nutritional profile of animal feed while ensuring the overall health and well-being of the animals. Market players are responding to this trend by offering a wide range of natural and organic feed additives that meet consumer demands, thereby driving the growth of the animal feed additives market.
Environmental Impact Poses Restraints on the Animal Feed Additive Market
One key restraint in the animal feed additives market is the potential negative impact on the environment. The use of certain additives, particularly those derived from synthetic sources, can lead to environmental concerns such as water pollution and soil contamination. Additives that are not properly managed or disposed of can enter water bodies and ecosystems, posing risks to aquatic life and overall environmental health.
Additionally, the production and manufacturing processes of certain additives may contribute to greenhouse gas emissions and resource depletion. As a result, there is increasing pressure from regulatory bodies, environmental organizations, and consumers to ensure sustainable and eco-friendly practices in the animal feed additives industry. Manufacturers and suppliers are faced with the challenge of developing and promoting environmentally responsible alternatives while maintaining market share.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global animal feed additive market is segmented based on the type of additive, livestock type, function, form, source, and region.
Vitamins are Essential Nutritional Supplements for Animal Health and Performance in the Animal Feed Additive Market
The global animal feed additive market has been segmented by type of additive into antibiotics, vitamins, amino acids, enzymes, acidifiers, antioxidants, minerals, prebiotics and probiotics, and others.
Vitamins, a significant segment in the animal feed additive market, are essential nutrients that play a vital role in animal nutrition. They are added to animal feed as nutritional supplements to ensure optimal vitamin levels in the diet. Vitamins such as vitamin A, vitamin D, and vitamin E are commonly included in animal feed formulations. They support various physiological functions, including vision, bone development, immune system function, and antioxidant protection.
The vitamin segment is closely associated with other key segments like enzymes, antibiotics, antioxidants, and minerals, as they work synergistically to promote animal health and well-being. In terms of market share, the vitamin segment holds a significant portion, contributing to the overall growth of the animal feed additive market. The exact share may vary, but it is estimated to be around 20-25%.
Geographical Analysis
Asia-Pacific Emerges as a Growing Force in the Animal Feed Additive Market, Paving the Way for Expanding Market Share and Size
By region, the global animal feed additive market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.
The Asia-Pacific animal feed additives market is witnessing remarkable growth, driven by factors such as the increasing demand for animal protein, population growth, and changing consumer preferences. The animal feed additives market size in the region is expanding rapidly, driven by the need to meet the growing demand for high-quality meat, milk, and eggs. With a significant share of the global market, the Asia-Pacific region is becoming a key player in the animal feed additives industry.
The animal feed additives market share in the Asia-Pacific region is poised to increase as more livestock producers adopt advanced feed formulations and incorporate a wide range of additives such as nutritional supplements, feed ingredients, probiotics, and prebiotics to enhance animal health, productivity, and overall performance.
Competitive Landscape
The major global players in the market include: Cargill Inc., Archer Daniels Midland Company (ADM), BASF SE, Nutreco N.V., Evonik Industries AG, DSM Nutritional Products, Elanco Animal Health Incorporated, Alltech, Inc., Novozymes A/S, and Chr. Hansen Holding A/S.
Why Purchase the Report?
- To visualize the global animal feed additive market segmentation based on type of additive, livestock type, function, form, source, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of animal feed additive market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global Animal Feed Additive market report would provide approximately 77 tables, 82 figures, and 190 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Market Definition and Overview
3. Executive Summary
- 3.1. Market Snippet, by Type of Additive
- 3.2. Market Snippet, by Livestock Type
- 3.3. Market Snippet, by Function
- 3.4. Market Snippet, by Form
- 3.5. Market Snippet, by Source
- 3.6. Market Snippet, by Region
4. Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturer's Strategic Initiatives
- 6.6. Conclusion
7. By Type of Additive
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type of Additive
- 7.1.2. Market Attractiveness Index, By Type of Additive
- 7.2. Antibiotics*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Vitamins
- 7.4. Amino Acids
- 7.5. Enzymes
- 7.6. Acidifiers
- 7.7. Antioxidants
- 7.8. Minerals
- 7.9. Prebiotics and Probiotics
- 7.10. Others
8. By Livestock Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Type
- 8.1.2. Market Attractiveness Index, By Livestock Type
- 8.2. Poultry*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Swine
- 8.4. Cattle
- 8.5. Aquaculture
- 8.6. Pets
- 8.7. Others
9. By Function
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 9.1.2. Market Attractiveness Index, By Function
- 9.2. Gut Health*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Growth Promoters
- 9.4. Palatability Enhancers
- 9.5. Preservation
- 9.6. Mycotoxin Binders
- 9.7. Immune Boosters
- 9.8. Others
10. By Form
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.1.2. Market Attractiveness Index, By Form
- 10.2. Dry*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Liquid
11. By Source
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 11.1.2. Market Attractiveness Index, By Source
- 11.2. Synthetic*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Natural
12. By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America*
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type of Additive
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Type
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1. The U.S.
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type of Additive
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Type
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.8.1. Germany
- 12.3.8.2. The U.K.
- 12.3.8.3. France
- 12.3.8.4. Italy
- 12.3.8.5. Spain
- 12.3.8.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type of Additive
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Type
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.8.1. Brazil
- 12.4.8.2. Argentina
- 12.4.8.3. Rest of South America
- 12.5. Asia-Pacific
- 12.5.1. Introduction
- 12.5.2. Key Region-Specific Dynamics
- 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type of Additive
- 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Type
- 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.5.8.1. China
- 12.5.8.2. India
- 12.5.8.3. Japan
- 12.5.8.4. Australia
- 12.5.8.5. Rest of Asia-Pacific
- 12.6. Middle East and Africa
- 12.6.1. Introduction
- 12.6.2. Key Region-Specific Dynamics
- 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type of Additive
- 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Type
- 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
14. Company Profiles
- 14.1. Cargill Inc.
- 14.1.1. Company Overview
- 14.1.2. Product Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
- 14.2. Archer Daniels Midland Company (ADM)
- 14.3. BASF SE
- 14.4. Nutreco N.V.
- 14.5. Evonik Industries AG
- 14.6. DSM Nutritional Products
- 14.7. Elanco Animal Health Incorporated
- 14.8. Alltech, Inc.
- 14.9. Novozymes A/S
- 14.10. Chr. Hansen Holding A/S
LIST NOT EXHAUSTIVE
15. Appendix
- 15.1. About Us and Services
- 15.2. Contact Us
