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The Global Animal Feed Additives Market size is estimated to grow by USD 8,931.76 million between 2022 and 2027 and the size of the market is forecast to increase at a CAGR of 6.25%.
The growth of the market depends on several factors, including a rise in global meat consumption, growing demand for feed additives owing to rising disease outbreaks in livestock, and increasing investments and focus on expanding production capabilities.
This report extensively covers market segmentation by animal type (poultry, ruminants, swine, and others), type (dry and liquid), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Increasing investments and focusing on expanding production capabilities are driving the market growth.
Manufacturers are focusing on expanding their production capabilities to cater to the growing demand for animal feed additive products worldwide. Also, they find tremendous growth opportunities in all the global markets due to the growing demand for meat products. The increase in production capacity ensures that they are well-positioned to cater to customers growing needs across markets.
Therefore, increasing investments and expansion in production capabilities are expected to positively impact the growth of the global animal feed additives market during the forecast period.
Stringent regulations and bans on using antibiotics are major concerns hindering market growth. Antibiotics have been widely used in animal feed for decades; however, this usage was banned in the EU in 2006. Following the ban imposed in the EU, the use of antibiotics has declined around the globe, especially in countries such as China, India, and the US. Restrictions were imposed on the use of antibiotics as a growth promoter in feed; this compelled companies to stop using antibiotics in feed additives. This acts as a major restraint for manufacturers that offer antibiotics-based feed additives. There are disparities in terms of the permissible amount and dosage limits of feed additives such as acidifiers, antioxidants, vitamins, and enzymes that can be used in feedstuff given to livestock. The lack of regulatory authority makes manufacturing feed additives a challenging process.
Increasing demand for natural feed additives is a trend appreciated in the animal feed additives market. Antimicrobial compounds are commonly included in poultry feed to promote growth and control diseases. The EU banned feed-grade antibiotic growth promoters owing to their cross-resistance and the risk they posed to food safety and public health in the region. Due to this, animal feed producers are implementing natural feed additives instead of antibiotics. The natural growth enhancers include botanical additives such as suitable blends of herbs or plant extracts, which are used as feed additives. NGPs predominantly include organic acids, synbiotics, probiotics, prebiotics, phytogenics, feed enzymes, and immune stimulants. The advantages of NGPs over antibiotics are that they do not pose any risk of bacterial resistance or undesired residues in animal products such as meat, milk, and eggs. Thus, increasing demand for natural feed additives and growth enhancers is expected to fuel the growth of the global animal feed additives market during the forecast period.
The market share growth by the poultry segment will be significant during the forecast period. The poultry segment is projected to be the largest in 2022. Growing concerns about animal health and consumer preferences for a specific color of yolk and meat have driven the demand for poultry feed additives. Enzymes, antioxidants, amino acids, carotenoids, probiotics, antibiotics, and mycotoxin detoxifiers are the most commonly used additives for poultry.
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The poultry segment was valued at USD 8,698.26 million in 2017 and continued to grow until 2021. The global poultry feed additive market is expected to register significant growth during the forecast period due to the global rise in poultry consumption. Influencing factors such as changing lifestyles, the rise in disposable income, and the increasing population are expected to have a positive impact on the poultry feed market. Furthermore, poultry consumption in countries such as the US, the UK, and Argentina has been surging due to the rise in the price of beef, and this will have a positive impact on the poultry feed market. Poultry dominates the meat market worldwide as it is free from the religious implications that are normally associated with beef and pork. In addition, poultry comes under the white meat category, which is considered healthier for consumption compared with red meat. Thus, owing to such factors the segment is expected to grow during the forecast period.
Liquid-form animal feed additives are provided to animals in liquid form rather than in solid or powder form. These feed additives are used to improve the nutritional value of animal feed, enhance growth, and improve the health and productivity of the animals. The liquid form of animal feed had a significant market share in 2022 due to a longer shelf-life than solid or powdered forms, which can be affected by moisture, temperature, and other environmental factors. Such factors will contribute to the growth of the global animal feed additives market.
APAC is estimated to contribute 60% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2022, APAC was the leading producer of animal feed additives as the region and China, India, Japan, and Australia are some of the key markets for animal feed additives in the region. Furthermore, China is the leading producer and consumer of animal feed additives in the world. Countries such as Vietnam, Thailand, and Malaysia have also registered significant growth recently, which is attributable to the rise in meat consumption in these countries due to changing demographics and the industrialization of the livestock industry. Furthermore, the market in APAC is expected to grow at a steady rate due to factors such as the growing demand for poultry and other meat products. Grain, mineral supplements, protein supplements, and vitamin supplements are some of the popular feed additives used in poultry feedstuff. Thus, owing to such factors the regional market is expected to grow during the forecast period.
In 2020, the outbreak of COVID-19 hampered the growth of the regional market. However, in 2021, the market gained momentum due to the initiation of large-scale vaccination drives and the resumption of several business and industrial activities, such as the production of feed additives. In addition, an increase in the number of feed mills and feed production is expected to bolster the growth of the market in the region during the forecast period.
Vendors are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Biochem additives and product mbH - The company offers animal food products such as probiotics, enzymes, betaine products, toxin binders, emulsifiers, acids, and colostrum powder. The key offerings of the company include animal feed additives.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Animal Feed Additives Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.25% |
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Market growth 2023-2027 |
USD 8,931.76 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.73 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 60% |
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Key countries |
US, China, India, UK, and Brazil |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Biochem additives and product mbH, Bluestar Adisseo Co., Cargill Inc., Chr Hansen Holding AS, Corbion NV, Evonik Industries AG, International Flavors and Fragrances Inc., Jefo, Kemin Industries Inc., Koninklijke DSM NV, Land O Lakes Inc., Novozymes AS, Novus International Inc., Nutreco N.V., Solvay SA, and Ajinomoto Co. Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Animal Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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