Animal Feed Additives Market

Animal Feed Additives Market is valued at USD 39.96 Billion in 2021 and is expected to reach USD 60.88 Billion by 2028 with a CAGR of 6.20% over the forecast period.

Increased population and growing economy of developing countries are the major factors driving the Global Animal Feed Additive Market.

Scope of Global Animal Feed Additives Market Report:-

A feed additive is defined as extra nutrients or drugs for the acceleration of the growth of livestock. These additives mainly comprise of vitamins, amino acids, fatty acids, minerals, pharmaceutical, fungal products, steroidal compounds, etc. Some of the feed additives which are commonly used for livestock growth are growth promotion additives, antimicrobials, feed enzymes,  antioxidants, acidifiers, probiotics, and prebiotics. Feed additives are mainly used for improving the efficiency of livestock growth, preventing diseases, and for improving feed utilization. The additives that are used in feed must be sanctioned for use and then used as per the instructions with respect to inclusion levels and duration of feeding.

The global animal feed additive market report is segmented on the basis of type, livestock, and regional & country level. Based upon the type, the global animal feed additive market is classified as antibiotics, minerals, amino acids, vitamins, and enzymes. Based upon livestock, the global animal feed additive market is classified as cattle feeds, poultry, aquaculture, swine feeds, and others.

The regions covered in this Global Animal Feed Additive Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of animal feed additive is subdivided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Animal Feed Additives Companies

Global Animal Feed Additive Market report covers prominent players like,

• Evonik
• DuPont
• DSM
• Adisseo
• BASF
• ADM
• Novusint
• Cargill
• Charoen Pokphand Group
• Sumitomo Chemical
• Kemin Industries
• Biomin
• Alltech
• Addcon
• Bio Agri Mix 

 

Animal Feed Additives Market Segmentation:–

By Additives Type

• Technological Additives
  • Preservatives
  • Antioxidants
  • Emulsifiers
  • Acidity Regulators
• Sensory Additives
  • Flavors
  • Colorants
• Nutritional Additives
  • Vitamins
  • Amino Acids
  • Trace Elements
• Zootechnical Additives
  • Enzyme
  • Micro-Organisms
  • Coccidiostats and Histomonostats

By Animal

• Bird Feed
• Cat Food
• Cattle Feeding
• Dog Food
• Fish Feed
• Poultry Feed
• Others

By Form

• Dry
• Liquid

By Nature

• Synthetic
• Natural

By Source

• Plant
• Animal

By Function

• Single Function
• Multi-Function

By End User

• Dairy Farm
• Veterinary Hospitals

Increased Demand for Nutritive Food Solutions and Growing Economy of Developing Countries are the Major Factors Driving the Global Animal Feed Additives Market.

The increasing awareness regarding a healthier lifestyle, growing demand for meat and non-vegetable food products, increasing population, and increasing disposable income in emerging economies such as China and India are the main driving factors for the growing demand of animal feed additive products. High-quality feed additives help consumers in having high protein food products such as milk, meat, eggs etc. As nutritional feed additives stimulate feed efficiency, animal health, higher performance, and welfare of animals, it also ultimately boost the quantity and quality of products. These advantages propel the livestock farmers to adopt in using feed additives, leading to the growth of the feed additive market.

Global demand for poultry meat and eggs is also increasing considerably. Pork has the highest share about 40.4% of global meat consumption followed by poultry, beef, and mutton. As the demand for seafood and fish is increasing globally, the farmers using more feed additives to increase production which is also supplementing the market growth. In 2018, fish production reached 171 million tonnes, of which 88% was consumed by human beings. However, government restriction on certain feed additives along with the presence of natural feed additives is restraining the feed additive market. Moreover, future-oriented real-time automated systems and technological scientific advancements seem to generate new opportunities during the forecast period.

The Asia Pacific is Expected to Dominate the Global Animal feed additives Market within the Forecast Period.

As the population in Asian and African regions is growing at a high rate, the demand for meat and other animal-based food product is rising rapidly due to rapid improvement in the economy, urbanization, and health awareness. This in turn propels the animal feed additive market to grow at a steady pace in these regions. China is dominating the food additive market in the Asia-pacific region as its major cities further drive economic growth and are major markets of consumer spending. Other than China, countries such as India, Japan, and Vietnam are also performing well in terms of livestock farming and are expected to supplement the market growth in this region.

North American feed additive production will remain relatively flat and will continue to lead feed production in beef and equine, as a result, the feed additive market in this region is expected to show a slow growth within the forecast period. According to Alltech's global feed survey, the European region has produced 31.9 million tons of feed in 2018 with an 8% increase from last year.  The high production of feed products is also propelling the feed additive market due to its uses in feed production which results in the growth of the European feed additive market.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2021:	USD 39.96 Billion
Base year considered	2020
Forecast Period CAGR %:	6.20%
Market Size Expected in 2028:	USD 60.88 Billion
Tables, Charts & Figures:	175
Pages	200
Animal Feed Additives Manufacturers	Evonik, DuPont, DSM, Adisseo, BASF, ADM, Novusint, Cargill, Charoen Pokphand Group, Sumitomo Chemical, Kemin Industries, Biomin, Alltech, Addcon, Bio Agri Mix
Segments Covered	By Additives Type, By Animal, By Form, By Nature, By Source, By Function, By End User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Animal Feed Additives Report–

• Global animal feed additives report covers in-depth historical and forecast analysis.
• Global animal feed additives research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Animal Feed Additives Companies, Competitive Analysis, Regional and Country Level.
• Global animal feed additives report helps to identify opportunities in the marketplace.
• Global animal feed additives report covers extensive analysis of emerging trends and competitive landscape.

On Special Animal Feed Additives Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA