PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273290
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273290
Feed additives Market Forecasts to 2028 - Global Analysis By Type, Form, Livestock, Source and By Geography
According to Stratistics MRC, the Global Feed additives Market is accounted for $40.95 billion in 2022 and is expected to reach $63.21 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Feed additives are nutritional supplements given to animals such as ruminants, swine, poultry, and aquatic animals. They contain calcium, beta-carotene, citric acid, sodium, potassium, lactic acid, manganese, and antioxidants. They promote animal health, stimulate appetite, and help to prevent certain diseases. They help to improve the quality of animal products like meat, milk, and eggs. They help to maintain overall nutritional balance in the diet and kill all types of germs in the animal's body.
According to the International Feed Industry Federation (IFIF), global commercial feed manufacturing generates an estimated annual turnover of over USD 400 billion.
Market Dynamics:
Driver:
Increase in demand and consumption of livestock-based products
An increase in demand and consumption of livestock-based products such as dairy and dairy-based products, meat, and eggs is predicted to promote the use of feed additives in feed for farm animal growth and development. Furthermore, as people become more aware of the function and dynamics of food nutrients, particularly protein, in general physical and mental growth and development, there is a growing trend towards animal-sourced protein in the form of meat, eggs, or milk. This promotes the use of feed additives in feed since they improve nutritional quality.
Restraint:
Ban on antibiotics in different nations
One of the primary constraints for producers in the market who supply antibiotic-based animal feed additives is the prohibition on using antibiotics in animal feed. Because the European Union has banned the use of antibiotics in feed as growth factors, several countries throughout the world have stopped using antibiotic-based feed owing to misuse. Furthermore, rigorous government requirements for synthetic feed additives, as well as rising production costs as a result of shifting raw material prices, are important factors constraining the worldwide feed additives market's growth.
Opportunity:
Shifting towards natural growth promoters
With the assistance of current technology, feed makers are adopting new forms of natural feed additives other than antibiotics. Botanical ingredients, such as appropriate herb or plant extract blends, are included in this new generation of growth promoters. Herbs and plant extracts used as feed additives contain a variety of bioactive components including as alkaloids, bitters, flavonoids, glycosides, mucilage, saponins, and tannins. As a result, herbs and plant extracts are predicted to have a variety of effects: they stimulate pancreatic secretions, which boost endogenous enzyme activity and the immune system. Many plant compounds and components have extensive antibacterial activity as well as antioxidant and sedative characteristics.
Threat:
Sustainability of feed and livestock chain
The worldwide feed additives industry is concentrating on increasing feed efficiency by increasing feed conversion rates for all major livestock and farmed fish species. The feed and livestock sectors can achieve sustainability by establishing a standardized environmental footprint approach based on life cycle analysis that involves the full supply chain. The development of common metrics can also aid in the calculation of a broader range of resource efficiency measures. Efficient use of feed ingredients can help to reduce the environmental impact of livestock husbandry through resource-efficient feed production. The use of co-products from other processing industries can reduce the pressure on land-grown crops.
COVID-19 Impact:
The COVID-19 pandemic outbreak has posed significant hurdles to the feed additives sector and imposed unprecedented challenges on a number of countries. Because of transportation and travel limitations, it disrupted supply chains and restricted exports. Furthermore, there was a feed scarcity as a result of the suspension in production, and numerous firms suffered significant losses. The feed trade slowed considerably as state and district boundaries were sealed. Due to the shutdown of hotels, cafes, and restaurants, there was no demand for animal-derived items. Furthermore, the rising health concerns among consumers have lowered the consumption of animals and their derived products.
The amino acids segment is expected to be the largest during the forecast period
The amino acids segment is estimated to have a lucrative growth. Its significant proportion is due to its capacity to boost immunity and stimulate animal growth. It aids in the prevention of nail and skin disorders in animals. Furthermore, it aids in the prevention of brain dysfunction, which can lead to muscular incoordination in animals. As a result, amino acids are expected to be in great demand in the product market as both a feed supplement and a pet food ingredient. Major amino acids such as lysine, tryptophan, and thiamine are commonly employed as growth stimulants in cattle feed.
The poultry segment is expected to have the highest CAGR during the forecast period
The poultry segment is anticipated to witness the highest CAGR growth during the forecast period. Enzymes, antioxidants, vitamins, and acidifiers are some of the chicken feed additives available on the market, and they are used to improve efficiency and provide nutritional value to the product. Consumption is expanding in developing countries, where rising income and urbanisation are forcing consumers to diversify their diets. As a result of their rising population and high meat consumption ratios, developing countries will continue to dominate the poultry feed industry.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period, owing to the presence of a large livestock population and their growth rate. Furthermore, the region has seen an increase in the number of feed mills and feed output, particularly in nations such as India and Japan. This increase in the number of feed mills in the region reflects the increase in feed production. China, the region's largest feed producer, contributes greatly to the region's leadership position, with Thailand and Indonesia emerging as feed-producing countries, and India and Japan consistently increasing feed production.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. Stringent regulations and standards for meat quality, as well as a high rate of meat consumption, are boosting demand for feed additives in the region's countries. The mills and pet food manufacturing industries will also contribute to market expansion. The Canada feed additives market was the fastest-growing market in the North American region Furthermore, the simple availability of raw materials such as maize and corn is expected to boost future market expansion.
Key players in the market:
Some of the key players profiled in the Feed additives Market include: Palital Feed Additives B.V., Evonik, Kemin Industries Inc., Cargill, Dupont, Novozymes, BASF, TEGASA, ADM, Alltech, Chr Hansen, Nutrition NV, Bluestar Adisseo Co. Ltd and Novus International.
Key Developments:
In February 2021, Kemin Industries launched a new product named KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets.
In February 2021, Alltech and DLG Group came together to focus on delivering profitability and efficiency to livestock producers in Scandinavia. Both the companies are finalizing the purchase of the Finnish company, Karki-Agri.
In November 2020, Evonik expanded its customer service offering for its animal nutrition customers by introducing a new digital portal called 'myAMINO.' Through this portal, the company has brought together its digital customer activities and services and added two web stores. It would help the company to strengthen its animal nutrition business.
Types Covered:
- Acidifiers
- Amino acids
- Antibiotics
- Antioxidants
- Carotenoids
- Enzymes
- Flavors & sweeteners
- Minerals
- Mycotoxin detoxifiers
- Non-protein nitrogen
- Phytogenics
- Phosphates
- Preservatives
- Probiotics
- Vitamins
Forms Covered:
- Liquid
- Dry
Livestocks Covered:
- Aquatic animals
- Ruminants
- Poultry
- Swine
- Other Livestocks
Sources Covered:
- Natural
- Synthetic
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Feed Additives Market, By Type
- 5.1 Introduction
- 5.2 Acidifiers
- 5.2.1 Acetic Acid
- 5.2.2 Citric Acid
- 5.2.3 Formic Acid
- 5.2.4 Lactic Acid
- 5.2.5 Malic Acid
- 5.2.6 Propionic Acid
- 5.2.7 Sorbic Acid
- 5.2.8 Other Acidifiers
- 5.3 Amino acids
- 5.3.1 Methionine
- 5.3.2 Lysine
- 5.3.3 Threonine
- 5.3.4 Tryptophan
- 5.4 Antibiotics
- 5.4.1 Penicillin
- 5.4.2 Tetracycline
- 5.4.3 Other Antibiotics
- 5.5 Antioxidants
- 5.5.1 Bha
- 5.5.2 Bht
- 5.5.3 Ethoxyquin
- 5.5.4 Other Antioxidants
- 5.6 Carotenoids
- 5.6.1 Astaxanthin
- 5.6.2 Beta-Carotene
- 5.6.3 Canthaxanthin
- 5.6.4 Lutein
- 5.7 Enzymes
- 5.7.1 Phytase
- 5.7.2 Protease
- 5.7.3 Other Enzymes
- 5.8 Flavors & sweeteners
- 5.8.1 Sweeteners
- 5.8.2 Flavors
- 5.9 Minerals
- 5.9.1 Zinc
- 5.9.2 Copper
- 5.9.3 Potassium
- 5.9.4 Calcium
- 5.9.5 Sodium
- 5.9.6 Iron
- 5.9.7 Manganese
- 5.9.8 Phosphorus
- 5.9.9 Magnesium
- 5.9.10 Other Minerals
- 5.10 Mycotoxin detoxifiers
- 5.10.1 Modifiers
- 5.10.2 Binders
- 5.11 Non-protein nitrogen
- 5.11.1 Ammonia
- 5.11.2 Urea
- 5.11.3 Other Non-protein nitrogens
- 5.12 Phytogenics
- 5.12.1 Essential Oils
- 5.12.2 Herbs and Spices
- 5.12.3 Oleoresin
- 5.12.4 Other Phytogenics
- 5.13 Phosphates
- 5.13.1 Monocalcium Phosphate
- 5.13.2 Dicalcium Phosphate
- 5.13.3 Mono-Dicalcium Phosphate
- 5.13.4 Defulorinated Phosphate
- 5.13.5 Tricalcium Phosphate
- 5.13.6 Other Phosphates
- 5.14 Preservatives
- 5.14.1 Anticaking Agents
- 5.14.2 Mold Inhibitors
- 5.15 Probiotics
- 5.15.1 Lactobacilli
- 5.15.2 Stretococcus Thermophilus
- 5.15.3 Bifidobacteria
- 5.15.4 Yeast
- 5.16 Vitamins
- 5.16.1 Water-Soluble
- 5.16.2 Fat-Soluble
6 Global Feed Additives Market, By Form
- 6.1 Introduction
- 6.2 Liquid
- 6.3 Dry
7 Global Feed Additives Market, By Livestock
- 7.1 Introduction
- 7.2 Aquatic animals
- 7.3 Ruminants
- 7.4 Poultry
- 7.5 Swine
- 7.6 Other Livestocks
8 Global Feed Additives Market, By Source
- 8.1 Introduction
- 8.2 Natural
- 8.3 Synthetic
9 Global Feed Additives Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Palital Feed Additives B.V.
- 11.2 Evonik
- 11.3 Kemin Industries Inc.
- 11.4 Cargill
- 11.5 Dupont
- 11.6 Novozymes
- 11.7 BASF
- 11.8 TEGASA
- 11.9 ADM
- 11.10 Alltech
- 11.11 Chr Hansen
- 11.12 Nutrition NV
- 11.13 Bluestar Adisseo Co. Ltd
- 11.14 Novus International
List of Tables
- Table 1 Global Feed Additives Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Feed Additives Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Feed Additives Market Outlook, By Acidifiers (2020-2028) ($MN)
- Table 4 Global Feed Additives Market Outlook, By Acetic Acid (2020-2028) ($MN)
- Table 5 Global Feed Additives Market Outlook, By Citric Acid (2020-2028) ($MN)
- Table 6 Global Feed Additives Market Outlook, By Formic Acid (2020-2028) ($MN)
- Table 7 Global Feed Additives Market Outlook, By Lactic Acid (2020-2028) ($MN)
- Table 8 Global Feed Additives Market Outlook, By Malic Acid (2020-2028) ($MN)
- Table 9 Global Feed Additives Market Outlook, By Propionic Acid (2020-2028) ($MN)
- Table 10 Global Feed Additives Market Outlook, By Sorbic Acid (2020-2028) ($MN)
- Table 11 Global Feed Additives Market Outlook, By Other Acidifiers (2020-2028) ($MN)
- Table 12 Global Feed Additives Market Outlook, By Amino acids (2020-2028) ($MN)
- Table 13 Global Feed Additives Market Outlook, By Methionine (2020-2028) ($MN)
- Table 14 Global Feed Additives Market Outlook, By Lysine (2020-2028) ($MN)
- Table 15 Global Feed Additives Market Outlook, By Threonine (2020-2028) ($MN)
- Table 16 Global Feed Additives Market Outlook, By Tryptophan (2020-2028) ($MN)
- Table 17 Global Feed Additives Market Outlook, By Antibiotics (2020-2028) ($MN)
- Table 18 Global Feed Additives Market Outlook, By Penicillin (2020-2028) ($MN)
- Table 19 Global Feed Additives Market Outlook, By Tetracycline (2020-2028) ($MN)
- Table 20 Global Feed Additives Market Outlook, By Other Antibiotics (2020-2028) ($MN)
- Table 21 Global Feed Additives Market Outlook, By Antioxidants (2020-2028) ($MN)
- Table 22 Global Feed Additives Market Outlook, By Bha (2020-2028) ($MN)
- Table 23 Global Feed Additives Market Outlook, By Bht (2020-2028) ($MN)
- Table 24 Global Feed Additives Market Outlook, By Ethoxyquin (2020-2028) ($MN)
- Table 25 Global Feed Additives Market Outlook, By Other Antioxidants (2020-2028) ($MN)
- Table 26 Global Feed Additives Market Outlook, By Carotenoids (2020-2028) ($MN)
- Table 27 Global Feed Additives Market Outlook, By Astaxanthin (2020-2028) ($MN)
- Table 28 Global Feed Additives Market Outlook, By Beta-Carotene (2020-2028) ($MN)
- Table 29 Global Feed Additives Market Outlook, By Canthaxanthin (2020-2028) ($MN)
- Table 30 Global Feed Additives Market Outlook, By Lutein (2020-2028) ($MN)
- Table 31 Global Feed Additives Market Outlook, By Enzymes (2020-2028) ($MN)
- Table 32 Global Feed Additives Market Outlook, By Phytase (2020-2028) ($MN)
- Table 33 Global Feed Additives Market Outlook, By Protease (2020-2028) ($MN)
- Table 34 Global Feed Additives Market Outlook, By Other Enzymes (2020-2028) ($MN)
- Table 35 Global Feed Additives Market Outlook, By Flavors & sweeteners (2020-2028) ($MN)
- Table 36 Global Feed Additives Market Outlook, By Sweeteners (2020-2028) ($MN)
- Table 37 Global Feed Additives Market Outlook, By Flavors (2020-2028) ($MN)
- Table 38 Global Feed Additives Market Outlook, By Minerals (2020-2028) ($MN)
- Table 39 Global Feed Additives Market Outlook, By Zinc (2020-2028) ($MN)
- Table 40 Global Feed Additives Market Outlook, By Copper (2020-2028) ($MN)
- Table 41 Global Feed Additives Market Outlook, By Potassium (2020-2028) ($MN)
- Table 42 Global Feed Additives Market Outlook, By Calcium (2020-2028) ($MN)
- Table 43 Global Feed Additives Market Outlook, By Sodium (2020-2028) ($MN)
- Table 44 Global Feed Additives Market Outlook, By Iron (2020-2028) ($MN)
- Table 45 Global Feed Additives Market Outlook, By Manganese (2020-2028) ($MN)
- Table 46 Global Feed Additives Market Outlook, By Phosphorus (2020-2028) ($MN)
- Table 47 Global Feed Additives Market Outlook, By Magnesium (2020-2028) ($MN)
- Table 48 Global Feed Additives Market Outlook, By Other Minerals (2020-2028) ($MN)
- Table 49 Global Feed Additives Market Outlook, By Mycotoxin detoxifiers (2020-2028) ($MN)
- Table 50 Global Feed Additives Market Outlook, By Modifiers (2020-2028) ($MN)
- Table 51 Global Feed Additives Market Outlook, By Binders (2020-2028) ($MN)
- Table 52 Global Feed Additives Market Outlook, By Non-protein nitrogen (2020-2028) ($MN)
- Table 53 Global Feed Additives Market Outlook, By Ammonia (2020-2028) ($MN)
- Table 54 Global Feed Additives Market Outlook, By Urea (2020-2028) ($MN)
- Table 55 Global Feed Additives Market Outlook, By Other Non-protein nitrogens (2020-2028) ($MN)
- Table 56 Global Feed Additives Market Outlook, By Phytogenics (2020-2028) ($MN)
- Table 57 Global Feed Additives Market Outlook, By Essential Oils (2020-2028) ($MN)
- Table 58 Global Feed Additives Market Outlook, By Herbs and Spices (2020-2028) ($MN)
- Table 59 Global Feed Additives Market Outlook, By Oleoresin (2020-2028) ($MN)
- Table 60 Global Feed Additives Market Outlook, By Other Phytogenics (2020-2028) ($MN)
- Table 61 Global Feed Additives Market Outlook, By Phosphates (2020-2028) ($MN)
- Table 62 Global Feed Additives Market Outlook, By Monocalcium Phosphate (2020-2028) ($MN)
- Table 63 Global Feed Additives Market Outlook, By Dicalcium Phosphate (2020-2028) ($MN)
- Table 64 Global Feed Additives Market Outlook, By Mono-Dicalcium Phosphate (2020-2028) ($MN)
- Table 65 Global Feed Additives Market Outlook, By Defulorinated Phosphate (2020-2028) ($MN)
- Table 66 Global Feed Additives Market Outlook, By Tricalcium Phosphate (2020-2028) ($MN)
- Table 67 Global Feed Additives Market Outlook, By Other Phosphates (2020-2028) ($MN)
- Table 68 Global Feed Additives Market Outlook, By Preservatives (2020-2028) ($MN)
- Table 69 Global Feed Additives Market Outlook, By Anticaking Agents (2020-2028) ($MN)
- Table 70 Global Feed Additives Market Outlook, By Mold Inhibitors (2020-2028) ($MN)
- Table 71 Global Feed Additives Market Outlook, By Probiotics (2020-2028) ($MN)
- Table 72 Global Feed Additives Market Outlook, By Lactobacilli (2020-2028) ($MN)
- Table 73 Global Feed Additives Market Outlook, By Stretococcus Thermophilus (2020-2028) ($MN)
- Table 74 Global Feed Additives Market Outlook, By Bifidobacteria (2020-2028) ($MN)
- Table 75 Global Feed Additives Market Outlook, By Yeast (2020-2028) ($MN)
- Table 76 Global Feed Additives Market Outlook, By Vitamins (2020-2028) ($MN)
- Table 77 Global Feed Additives Market Outlook, By Water-Soluble (2020-2028) ($MN)
- Table 78 Global Feed Additives Market Outlook, By Fat-Soluble (2020-2028) ($MN)
- Table 79 Global Feed Additives Market Outlook, By Form (2020-2028) ($MN)
- Table 80 Global Feed Additives Market Outlook, By Liquid (2020-2028) ($MN)
- Table 81 Global Feed Additives Market Outlook, By Dry (2020-2028) ($MN)
- Table 82 Global Feed Additives Market Outlook, By Livestock (2020-2028) ($MN)
- Table 83 Global Feed Additives Market Outlook, By Aquatic animals (2020-2028) ($MN)
- Table 84 Global Feed Additives Market Outlook, By Ruminants (2020-2028) ($MN)
- Table 85 Global Feed Additives Market Outlook, By Poultry (2020-2028) ($MN)
- Table 86 Global Feed Additives Market Outlook, By Swine (2020-2028) ($MN)
- Table 87 Global Feed Additives Market Outlook, By Other Livestocks (2020-2028) ($MN)
- Table 88 Global Feed Additives Market Outlook, By Source (2020-2028) ($MN)
- Table 89 Global Feed Additives Market Outlook, By Natural (2020-2028) ($MN)
- Table 90 Global Feed Additives Market Outlook, By Synthetic (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
