Feed Additives Market by Type (Acidifiers, Amino Acids, Antibiotics), Form (Dry, Liquid), Livestock, Source, Application, End-User - Global Forecast 2024-2030

Feed Additives Market by Type (Acidifiers, Amino Acids, Antibiotics), Form (Dry, Liquid), Livestock, Source, Application, End-User - Global Forecast 2024-2030

The Feed Additives Market size was estimated at USD 43.51 billion in 2023 and expected to reach USD 46.50 billion in 2024, at a CAGR 6.95% to reach USD 69.67 billion by 2030.

The feed additives market encompasses the production, distribution, and consumption of various substances added to animal feed to enhance its nutritional value, improve animal health and productivity, or preserve its quality. These additives include amino acids, vitamins, minerals, enzymes, acidifiers, antioxidants, binders, flavors, antimicrobials, mycotoxin binders, probiotics, and prebiotics. The increased consumption of animal-based, high-value protein products and government initiatives to expand livestock production are enhancing the demand for feed additives worldwide. Also, Feed additives are demanded as they provide nutritional values to improve meat quality in animal husbandry practices. Moreover, the ​​fluctuating raw material prices and stringent regulations associated with feed additives may limit the market demand for feed additives. Additionally, the rising demand for nutritional supplements for monogastric animals and the potential shift toward natural growth promoters are also creating opportunities for market growth.

Regional Insights

In the Americas, particularly in the United States and Canada, consumer demand for high-quality animal products has led to an improved focus on feed efficiency. This includes a growing interest in using feed additives such as enzymes, amino acids, and vitamins to enhance animal health and productivity. In the European Union (EU), there is a strong emphasis on sustainable livestock production practices due to stringent regulations regarding animal welfare and environmental standards. Significant investments have been made into research initiatives aimed at developing innovative feed additives that support animal health without negatively impacting the environment. In APAC countries such as China, rapid urbanization has led to increased meat consumption along with changes in dietary preferences towards high-quality protein sources such as poultry, beef, and pork. In India, the growing population and rising income levels have led to increased demand for animal protein sources like eggs, milk, and meat. This has created an opportunity for growth within the feed additives market due to an increased need for efficient animal production systems.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Feed Additives Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increased consumption of animal-based, high-value protein products
Innovative animal husbandry practices to improve meat quality
Government initiatives to expand livestock production

Market Restraints

Fluctuating raw material prices

Market Opportunities

Potential shift toward natural growth promoters
Increase in demand for nutritional supplements for monogastric animals

Market Challenges

Stringent regulations associated with feed additives

Market Segmentation Analysis

Form: Diverse and expandable forms of feed additives
Source: Availability of improved natural and synthetic additive formulations
Application: Wide scope of applications in different range of feeds
End-User: Diversified utilization across end-user industries

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Feed Additives Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Feed Additives Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Volac Unveils New Feed Additives Division

Volac has launched a new division called Feed Additives to support the international feed industry in improving efficiency and addressing the Net Zero challenge. The newly launched division includes phytogenics, young animal nutrition, feed fats, forage preservation products, and mycotoxin risk management.

Nutreco, BiomEdit Enter Research And Commercial Partnership For Feed Additives

Nutreco and BiomEdit have joined forces to develop innovative feed additives, catering to the needs of animal feed in poultry, swine, cattle, and aquaculture. This collaboration brings forth a range of benefits to enhance animal welfare, health, and productivity.

Adisseo Announces Plan to Acquire Nor-Feed

Adisseo Group has entered into an agreement to acquire Nor-Feed and its subsidiaries, thereby expanding its portfolio to include a range of natural specialty ingredients. This acquisition represents a significant milestone in Adisseo's strategy to develop and offer specialty ingredients, aligning with the company's mission to provide sustainable solutions to its customers.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Feed Additives Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Feed Additives Market, highlighting leading vendors and their innovative profiles. These include ADDCON GmbH by Esseco S.r.l, Adisseo France SAS, Ajinomoto Co., Inc., Alltech, Inc., Archer Daniels Midland Company, Balchem Corp., BASF SE, Bentoli, Inc., Cargill, Incorporated, Centafarm SRL, Chr. Hansen Holding A/S, Dallas Keith Limited, Elanco Animal Health Incorporated, Evonik Industries AG by RAG-Stiftung, Global Nutrition International, Kemin Industries, Inc., Kerry Group, Koninklijke DSM N.V., Lallemand Inc., Novus International Inc.., Nutreco N.V., Prathista Industries Ltd., Purina Mills, and Zinpro Corporation.

Market Segmentation & Coverage

This research report categorizes the Feed Additives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Acidifiers
Acetic Acid
Citric Acid
Formic Acid
Lactic Acid
Malic Acid
Propionic Acid
Sorbic Acid
Amino Acids
Lysine
Methionine
Threonine
Tryptophan
Antibiotics
Penicillin
Tetracycline
Antioxidants
BHA
BHT
Ethoxyquin
Carotenoids
Astaxanthin
Beta-Carotene
Canthaxanthin
Lutein
Enzymes
Phytase
Protease
Flavors & Sweeteners
Minerals
Calcium
Copper
Iron
Magnesium
Manganese
Phosphorus
Potassium
Sodium
Zinc
Mycotoxin Detoxifiers
Binders
Modifiers
Non-Protein Nitrogen
Ammonia
Urea
Phosphates
Defulorinated Phosphate
Dicalcium Phosphate
Mono-Dicalcium Phosphate
Monocalcium Phosphate
Tricalcium Phosphate
Phytogenics
Essential Oils
Herbs & Spices
Oleoresin
Preservatives
Anticaking Agents
Mold Inhibitors
Probiotics
Bifidobacteria
Lactobacilli
Stretococcus thermophilus
Yeast
Vitamins
Fat-Soluble
Water-Soluble
Form
Dry
Liquid
Livestock
Aquatic Animal
Poultry
Breeders
Broilers
Layers
Ruminants
Beef Cattle
Calves
Dairy Cattle
Swine
Source
Natural
Synthetic
Application
Aquaculture Feed
Cattle Feed
Pet Food
Poultry Feed
Swine Feed
End-User
Animal Feed Manufacturers
Livestock Farms
Pet Food Manufacturers
Research Institutions
Veterinary Clinics
Zoos & Wildlife Sanctuaries
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year