Feed Additives Market (2023-2030)
The Feed Additives Market is projected to reach $51.2 billion by 2030, at a CAGR of 5.3% during the forecast period of 2023 to 2030.
- Published
- Jun 2023
- Pages
- 567
- Format
- PDF + Excel
- Report ID
- MRFB - 104383
- Base year
- 2022
- 2030 · FORECAST
- $51.20B
- 2030
- $51.20B
- CAGR 2023–2030
- 5.3%
2022 baseline · 2023–2030 forecast at 5.3% CAGR · hover a bar for the value
Key highlights
In 2023, the Performance Additives Segment is Expected to Dominate the Feed Additives Market
In 2023, the Poultry Segment is Expected to Dominate the Feed Additives Market
In 2023, the Synthetic Feed Additives Segment is Expected to Dominate the Feed Additives Market
In 2023, the Dry Feed Additives Segment is Expected to Dominate the Feed Additives Market
Asia-Pacific: The Dominating Market in the Region
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 51.20 billion |
| CAGR (2023–2030) | 5.3% |
| Format | PDF, Excel & Cloud Portal · 567 pages |
| Segments Covered | By Type: Performance Additives Amino Acids Lysine, Methionine, Threonine, Other Amino Acids, Macro Minerals, Trace Minerals, Fat-Soluble Vitamins Vitamin A, Vitamin E, Vitamin D, Vitamin K, Vitamin C, Vitamin B Complex, Acidifiers, Probiotics Lactobacillus · By Animal Type: Poultry Broilers, Layers, Turkey, Other Poultry Birds, Beef Ruminants, Dairy Ruminants · By Source: Synthetic Feed Additives, Natural Feed Additives · By Form: Dry Feed Additives, Liquid Feed Additives |
| Countries Covered | Asia-Pacific (India, Japan, Australia, Rest of Asia-Pacific), Europe (Spain, Russia, Germany, France, Italy, U.K., Netherlands, Poland, Rest of Europe) |
| Key Companies | Bluestar Adisseo Co., Koninklijke DSM N.V., BASF SE, Cargill, Incorporated (U.S.), Kemin Industries Inc. (U.S.), Alltech Inc. (U.S.), Nutreco N.V., International Flavors & Fragrances Inc. (U.S.), Evonik Industries AG, Archer Daniels Midland (U.S.), ADDCON GROUP GmbH, Biovet S.A. (Spain) Royal AgriFirm Group, Altilis Animal Nutrition, Land O’Lakes Inc (U.S.) |
Report overview
Segments covered: type, animal type, source, form. Regions: Asia-Pacific, Europe.
The growth of this market is driven by the consistent growth in the compound feed sector, rising demand for meat and dairy products, and increasing disease outbreaks in livestock. In addition, factors such as the growing industrialization of the livestock sector and increasing utilization of feed additives in developing countries provide a significant opportunity for manufacturers in the global feed additives market. However, the ban on the use of antibiotics in animal feed hinders the growth of the feed additives market.
Report infographic
Market dynamics
1 factors across 1 forceIncreasing Disease Outbreaks in Livestock Boosting the Utilization of Feed Additives
Animal health and food safety have become major challenges for the livestock sector due to the increasing complexity of supply chains attributed to globalization and trade liberalization. At the same time, there is an increasing risk of livestock diseases affecting humans, especially due to their pandemic potential, which was recently highlighted by the outbreak of a new strain of influenza, A (H1N1), containing genetic material from humans, swine, and poultry viruses. Furthermore, the International Agency for Research on Cancer (IARC) has classified processed meat as a carcinogen (something that causes cancer) and red meat as a probable carcinogen (something that probably causes cancer).
Moreover, various disease outbreaks in livestock animals (swine flu and foot and mouth disease) during the last decade have raised concerns over meat quality and safety. Additionally, countries such as South Korea and Slovakia banned pork imports from Germany due to the health risks involved. Furthermore, according to the FAO, global pig meat output in 2020 was 109.2 million tonnes, down by 0.8% from 2019, due to the impact of African Swine Fever (ASF) on swine herds in several major pork-producing countries such as China, the Philippines and Vietnam. The impact of these diseases on animals is significant and may lead to direct economic losses due to high morbidity and mortality. These instances have accelerated the usage of feed additives, which help ensure optimal health in animals and the quality of animal-derived products as per the highest standards. During a disease outbreak, animals may become more susceptible to illness due to weakened immune systems, stress, or other factors.
Furthermore, making certain feed additives a part of animal diets can help boost their immune function, support digestive health, and improve their overall well-being. Enhancing animal feed with various nutrients can thus help prevent the occurrence of diseases. For instance, Pipestone Applied Research Institute found that the spread of viral diseases in pigs can be stopped using commercially available feed additives. Some feed additives, such as antibiotics that are added to feed to prevent bacterial infections are specifically designed to prevent or mitigate the effects of certain diseases. Additionally, probiotics, prebiotics, and other additives can help promote gut health, strengthen animals' immune function, and prevent the growth of harmful bacteria.
Thus, increasing disease outbreaks in livestock animals are boosting the need for feed enhanced with feed additives to ensure good health and the quality and safety of animal-derived products, driving the demand for feed additives among feed manufacturers.
Table of contents
12 chapters · 143 sections · 567 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Type | Performance Additives | Specialty additives |
| By Animal Type | Poultry | Aquatic animals |
| By Source | Synthetic Feed Additives | — |
| By Form | Dry Feed Additives | Liquid feed additives |
By Type
- The performance additives segment is expected to account for the largest share of the global feed additives market.
- The large market share of this segment is attributed to the increasing awareness among the farmers about the benefits of amino acids, minerals, and vitamins; the rising demand for compound animal feed with higher nutrient contents to improve feed intake; and the growing use of performance additives to metabolism and efficiency of feed utilization for economic and eco-friendly livestock production.
- However, the specialty additives segment is projected to register the highest CAGR during the forecast period.
- The growth of this market is mainly attributed to increasing feed utilization, the growing technological innovation in the livestock industry, and the increasing need to improve the quality and digestibility of feed.
By Animal Type
- The poultry segment is expected to account for the largest share of the global feed additives market.
- The large market share of this segment is attributed to the growing demand for micro-nutrients in poultry production, consumers’ preference for poultry meat & eggs, low production as well as product cost of poultry meat, and high production of compound feed for poultry.
- However, the aquatic animals segment is projected to register the highest CAGR during the forecast period.
- The growth of this segment is attributed to the rising consumption of fish and fish-based products, the growing demand for high-quality aqua feed, and the advent of more sustainable technology in aquaculture.
By Source
- The synthetic feed additives segment is expected to account for the larger share of the global feed additives market.
- The large market share of this segment is attributed to the easier availability of synthetic raw materials, lower production costs, and stronger market penetration.
- However, the natural feed additives segment is projected to register a higher CAGR during the forecast period.
- Natural feed additives reduce environmental impact and are considered a safer and more sustainable alternative to synthetic additives.
- Furthermore, there is a growing market for natural and organic food products.
- These factors contribute to the growth of this segment.
By Form
- The dry feed additives segment is expected to account for the larger share of the global feed additives market.
- The large market share of this segment is attributed to the increased demand for powdered enzymes, vitamins, and probiotics due to their ease of use, administration, transport & storage, and cost-effectiveness.
- However, the liquid feed additives segment is projected to register the highest CAGR during the forecast period.
- The growth of this segment is driven by the shift towards liquid supplements due to their improved shelf life and versatility for various applications.
Geographic analysis
Asia-Pacific
Largest shareIn 2023, Asia-Pacific is expected to account for the largest share of the global feed additives market. Asia-Pacific’s major market share is attributed to the enormous demand for animal-derived products, including milk, meat, eggs, and seafood; the high livestock population; the rise in the knowledge of health and well-being; and the huge production of compound feed. Asia-Pacific: The Dominating Market in the Region
North America
Fastest growthHowever, North America is projected to register the highest CAGR during the forecast period. The growth of this market is attributed to the increasing awareness about the benefits of additives for animal feed, the increase in outbreaks of diseases, and the increasing focus on animal productivity.
Competitive landscape
- Bluestar Adisseo Co. · China
- Koninklijke DSM N.V. · Netherlands
- BASF SE · Germany
- Cargill, Incorporated (U.S.)
- Kemin Industries Inc. (U.S.)
- Alltech Inc. (U.S.)
- Nutreco N.V. · Netherlands
- International Flavors & Fragrances Inc. (U.S.)
- Evonik Industries AG · Germany
- Archer Daniels Midland (U.S.)
- ADDCON GROUP GmbH · Germany
- Biovet S.A. (Spain) Royal AgriFirm Group · Netherlands
- Altilis Animal Nutrition · France
- Land O’Lakes Inc (U.S.)
Frequently asked questions
The global feed additives market is projected to reach $51.2 billion by 2030, at a CAGR of 5.3% during the forecast period.
Cite this report
Meticulous Research. (2023). Feed Additives Market - Global Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRFB - 104383). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/feed-additives-market-5082