Animal Feed Additives Market

The global Animal Feed Additives Market is valued at USD 40.2 Billion in 2022 and is projected to reach a value of USD 54.5 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 3.9% between 2023 and 2030.

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The market for Animal Feed Additives is primarily driven by the rising demand for livestock products, especially meat and dairy, on a worldwide scale. The Food and Agriculture Organization (FAO) projects that global meat production will rise by more than 15% between 2020 and 2030, making the use of effective feed additives necessary to improve animal productivity and health. Stricter laws prohibiting the use of antibiotics in animal feed, continuous research, and innovation in the field of animal nutrition, and growing consumer knowledge of the advantages of high-quality animal products are all major factors that have contributed to the expansion of this market. To enhance the health and growth of fish and shrimp, specific feed additives are becoming more and more in demand as the aquaculture sector grows.

• The increasing global demand for high-quality animal protein products is a significant driver for the {keyword}} market throughout the forecast period 2023 to 2030.
• The antibiotics segment will continue to assert its dominance by product, capturing the largest market share globally throughout the forecast period 2023 to 2030.
• In 2022, the Asia Pacific region exhibited its market prowess, achieving the highest revenue share of over 40.3%.

Top Market Trends

1. The increased focus on sustainability is one notable trend that is still present in the market for Animal Feed Additives. Concerns over cattle farming's environmental effects are growing among consumers. Feed additives that minimize greenhouse gas emissions, maximize feed utilization, and encourage more environmentally friendly livestock production methods are, therefore, in greater demand.
2. Due to regulatory limitations and worries about antibiotic resistance, the market is seeing a move away from conventional additives based on antibiotics. Probiotics, prebiotics, and phytogenic are examples of alternative treatments that are gaining popularity because they can enhance animal health and growth without the dangers of antibiotic use.
3. In the industry, precision nutrition is starting to take center stage. Using cutting-edge technologies, such as data analytics and precision feeding systems, farmers can customize feed formulations to meet the specific demand of each animal, improving nutrition and reducing waste.
4. Additives for animal feed are part of the rising customer preference for natural and organic products. In response, producers are creating chemical-free substitutes by creating additives made of natural materials like plant extracts and essential oils.
5. Beyond basic nutrition, the market is witnessing a rise in the usage of useful additives. These additives address a variety of issues in contemporary livestock production by providing certain health benefits, such as immunological support, improved gastrointestinal health, and stress reduction for animals.

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Economic Insights

Economic reasons have had a huge impact on the Animal Feed Additives business, with the COVID-19 pandemic being one of the key events. The epidemic initially caused supply chain disruptions and logistical difficulties, which affected the availability of raw materials to produce feed additives. Short-term negative consequences included pricing volatility and supply chain disruptions because of this. However, the market proved resilient as the outbreak persisted. Despite early disappointments, the Food and Agriculture Organization (FAO) claimed that there was a significant demand for meat and dairy products, which led to the need for feed additives to increase animal production. Additionally, the pandemic increased consumer awareness of food safety and quality, which in turn increased demand for premium animal products and further propelled the market. Because of this, the market for Animal Feed Additives has demonstrated flexibility and even growth in difficult economic times, underscoring its crucial role in sustaining the global livestock industry.

Market Segmentation

The Global Animal Feed Additives Market is categorized into the below-mentioned segments as:

The global Animal Feed Additives market can be categorized into Product, Livestock, Region. The Animal Feed Additives market can be categorized into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Other Products based on Product. The Animal Feed Additives market can be categorized into Pork/Swine, Poultry, Cattle, Aquaculture, Other Livestock based on Livestock. The Animal Feed Additives market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Based on Product

Antibiotics based Products to Grow at the Maximum Rate Owing to Increasing Penetration of Growth Promoting and Disease Preventive Solutions

In 2022, when it comes to Animal Feed Additives, antibiotics witnessed substantial share in the global market. There are various reasons why they are so widely used. First, the growth-promoting and disease-preventive qualities of antibiotics have historically been used to promote animal health and increase meat production. Second, they have been employed in intensive livestock farming, where animals are frequently raised in cramped spaces to make up for less-than-ideal living circumstances. It's important to remember, though, that due to worries about antibiotic resistance and possible hazards to human health, the use of antibiotics is coming under closer examination. Probiotics, prebiotics, and phytogenic are among the alternatives that are being investigated more and more because of regulatory changes as well as customer desire for more environmentally friendly and health-conscious methods of raising animals.

Based on Livestock

Poultry Products to Dominate Sales Owing to Increased Rate of High Feed

In 2022, in the market for Animal Feed Additives, poultry dominates. The main cause of this predominance is poultry's high feed conversion rate, which makes them an affordable source of animal protein. As a result, to fulfill the rising demand for meat and eggs worldwide, the poultry farming industry has experienced fast expansion. In poultry farming, feed additives are widely utilized to maximize growth rates, boost feed efficiency, and improve the general health of the birds. Moreover, intensive farming methods are frequently used in the production of chicken, which highlights the necessity for feed additives to preserve animal health and productivity in small areas. Because of the continuous increase in demand for poultry products (eggs and chicken), the poultry industry is the one using Animal Feed Additives most frequently.

Based on Region

Asia Pacific to Dominate Global Overview Owing to Increased Consumption of Animal Products Goods

For several strong reasons, the Animal Feed Additives market is dominated by the Asia Pacific area. First, it is home to China and India, two of the most populous nations on earth, where there is a significant market for goods containing animal protein, such as dairy, meat, and eggs. The necessity for effective animal farming methods backed by feed additives is being driven by a shift in dietary preferences toward increased protein consumption brought about by regional urbanization and economic levels. Second, the livestock industry in the Asia Pacific region is broad and varied, covering aquaculture, swine, cattle, and poultry. To boost animal health, increase feed conversion ratios, and satisfy the expanding protein needs of their populations, each of these industries mostly depends on feed additives.

Furthermore, the adoption of feed additives has been aided by the region's generally lenient regulatory environment. Furthermore, the incorporation of feed additives into farming methods has been promoted by developments in agricultural technology and an increasing recognition of the advantages of high-quality animal nutrition. Furthermore, with many producers and suppliers situated in nations like China, Thailand, and Indonesia, the Asia Pacific area is a major hub to produce feed additives. This proximity to manufacturing sites guarantees a steady supply of feed additives and lowers expenses. In conclusion, the Asia Pacific region dominates the market for Animal Feed Additives due to its large and expanding population, diverse livestock industry, hospitable regulatory environment, technological advancements, and significant production capabilities. These factors all play a crucial role in the region's ability to meet the world's demand for animal protein.

Competitive Landscape

The market for Animal Feed Additives is very competitive, with a wide range of national and international manufacturers. Prominent international corporations, including Cargill, ADM, and DSM, hold a dominant position in the market due to their vast product portfolios, research capacities, and worldwide presence. Regional competitors like Nutreco in Europe and Charoen Pokphand Group (CP Group) in Asia pose a threat to these behemoths. The competitive landscape is becoming more dynamic because of the emergence of creative startups and niche businesses that concentrate on natural alternatives, sustainable solutions, and specialty additives. To keep a competitive edge, market participants are working to satisfy changing consumer needs, changing regulations, and environmental objectives.

The key players in the global Animal Feed Additives market include - Cargill Inc. (U.S.), HONG HA Nutrition (Vietnam), BASF SE (Germany), Kemin Industries Inc. (U.S.), ANOVA Group (U.S.), BIOMIN Holding GmbH (Austria), Olmix Group (Brazil), ADM (U.S.), Evonik Industries (Germany), Chr. Hansen Holding (Denmark), Alltech Inc. (U.S.) among others.

Recent Market Developments

• June 2023: Altech announced the release of Triad, a cutting-edge solution that promotes pig livability and successful farrowing. Triad is made up of a delicious combination of the brand's signature components.
• May 2023: To fortify ties with Canadian pulse growers, ADM purchased Prairie Pulse Inc. The agreement also aimed to increase ADM's capacity to meet the needs of their downstream customers who were considering pulses as a source of protein for animal and human nutrition.
• April 2023: BASF and Schothorst Feed Research announced their partnership to improve the environmental effect of the animal feed and protein industry. This allowed SFR to include BASF's Opteinics digital sustainability platform into its worldwide animal nutrition consulting services.
• October 2022: Through their collaboration with BASF, Evonik was granted non-exclusive licensing rights to Opteinics. This digital solution enhances understanding and lessens the environmental effects of the feed and animal protein industries.
• September 2022 marked the commencement of operations for Adisseo's brand-new 180,000-ton liquid methionine facility in Nanjing, China. The plant has one of the greatest capacities for producing liquid methionine worldwide, which helped the company's liquid methionine products become more widely recognized.

Segmentation of the Global Animal Feed Additives Market