Global Feed Preservatives Market - 2023-2030
Global Feed Preservatives Market reached US$ 4.12 billion in 2022 and is expected to reach US$ 6.76 billion by 2030, growing with a CAGR of 6.4% during the forecast period 2023-2030.
The global feed preservatives market has witnessed significant growth over the years. Poultry industries are highly adopting these feed preservatives as additives in animal feeds as they help in extending the shelf life of products, maintaining the nutritional quality by preventing the growth of microorganisms, and spoilage of products. Hence, such factors can help in driving the global feed preservatives market.
Furthermore, many manufacturing companies are developing innovative high-quality products, in order to attract larger consumer bases. For instance, Kemin Industries, Inc. company produces the ALLINSUR F product line is a highly effective blend of antioxidants and acidifiers utilized for maintaining the quality of raw materials in the rendering industry. It helps prevent the quality of raw materials improve operational efficiency in the rendering plant and produce a more palatable, high-quality pet food product. Hence, such products can help in increasing the market growth.
The mold inhibitors account for the maximum share in the market, as well as Asia-Pacific has a dominant force in the global feed preservatives market, as India remains the third largest fish-producing country with a production rate of 16.24 Million Tonnes in 2020-21, it remains the largest consumer of feed preservatives.
Dynamics
Presence of High Animal Population
The presence of a vast animal population, For instance, according to a USDA report of 2023, there were 89.3 million head of cattle and calves on U.S. farms, and a total of 34.5 million calves are present in the U.S. Hence, the presence of a such large number of cattle can help in increasing the demand for animal feed.
Furthermore, as the animal population is increasing, manufacturing companies are focused on producing longer shelf life animal feeds which increases the demand for feed preservatives, as they prevent the spoilage of products by inhibiting the growth of microorganisms and helps in maintaining the nutrients in products. Hence, such factors can help in increasing the market growth.
Growing Demand for High-Shelf Life Feed Products
The consumer is highly adopting high-shelf life products, which increases the demand for feed preservatives, as they prevent the growth of microorganisms, some feed preservatives, such as mold inhibitors, help reduce the risk of mycotoxin contamination. The anticaking agents help prevent the formation of particles from caking together, Hence, it can help in increasing the quality of the product.
Furthermore, as the adoption of these products is increasing, manufacturing companies are investing more in feed preservatives in order to expand their market sizes. For instance, Impextraco NV company produces Moldstop myco plus is a dry preservative. It is used to control mold growth in finished feed, feed grains, and raw materials. This also absorbs the toxins produced by molds. Hence, such products can help in increasing the market growth.
High Production Cost
High production costs are a significant restraint in the feed preservative market. advanced technology specialized equipment in the production process and skilled labour are required for proper handling of materials which could affect the cost of the product. hence, the high production cost can cause declination in the growth of the market.
Segment Analysis
The global feed preservatives market is segmented based on type, feed type, distribution channel, form, livestock, and region.
Increase in Demand for Effective feed Preservation
The mold inhibitors segment accounts for the maximum share of the global feed preservatives market. These additives are highly used in animal feed as they helps prevent the growth of mold and fungi in feed, help increase the shelf life of the product, and maintain the nutritional quality of the feed. Hence, such factors can help in increasing the market growth.
Furthermore, many companies are producing high-quality products to expand their market sizes and also to increase the availability of products in the market. For instance, Adisseo company produces Mold-Nil, which is a mold inhibitor that is made with a unique synergistic blend of active ingredients to combat molds and yeasts. It supports animal health and performance. Hence, such products can help in increasing the market growth.
Geographical Penetration
High Production Rates in Asia-Pacific
The Asia-Pacific region accounts maximum share of the global feed preservatives market, as the production rate of meat products, and aquaculture are increasing in this region, the poultry industries are adopting these feed preservatives in animal feeds, as they help in maintain the nutritional quality by inhibiting the growth of microorganisms, they help in increase the shelf life of products, hence, it can help in increasing the market growth.
Furthermore, the meat production rate is high in this region, for instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, in Australia, the total value of poultry meat production to be $3.5 billion in 2022–23 and $3.6 billion in 2023–24. And pork meat production is 1.7 billion in 2022–23 and $1.8 billion in 2023–24.
Additionally, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India report of 2023, the overall fish production in the country has shown an increase in fish production of 162.48 lakh tonnes in 2021-22from 141.64 lakh tonnes in 2019-20. Hence, it can help in increasing the usage of feed preservatives in animal feed in this region.
Competitive Landscape
The major global players in the market include Kemin Industries, Inc., BASF SE, Perstorp, Impextraco NV, Adisseo, Solvay, Vitalac, Jungbunzlauer Suisse AG, DSM, and Pestell Nutrition Inc.
COVID-19 Impact Analysis
The pandemic has brought unprecedented challenges for industries worldwide, including the global feed preservatives market. During the pandemic many country governments have imposed lockdown restrictions, due to which the availability of products in the market is limited, this had shown a negative impact on global feed preservative market.
By Type
• Feed Acidifiers
• Mold Inhibitors
• Feed Antioxidants
• Anticaking Agents
• Others
By Feed Type
• Compound Feed
• Feed Premix
• Feed Meal
• Silage
• Others
By Distribution Channel
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others
By Form
• Granular
• Powder
• Liquid
• Others
By Livestock
• Poultry
• Cattle
• Swine
• Aquaculture
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In June 2022, Cargill acquired Delacon,a globally leading expert in plant-based phytogenic feed additives. This acquisition helps the Cargill market experience in phytogenic feed additives, a category that uses a broad range of herbs, plants, and their extracts, such as essential oils, to improve livestock and aquaculture performance and promote animal health.
• In January 2023, Adisseo acquired Nor-Feed, a French animal nutrition additive manufacturer specializing in plant-based ingredients. The acquisition will support Adisseo’s expansion strategy, enabling the company to further its development of specialty animal nutrition ingredients.
Why Purchase the Report?
• To visualize the global feed preservatives market segmentation based on type, feed type, distribution channel, livestock, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed preservatives market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global feed preservatives market report would provide approximately 77 tables, 85 figures and 186 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Feed Type
- 3.3. Snippet by Distribution Channel
- 3.4. Snippet by Form
- 3.5. Snippet by Livestock
- 3.6. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Presence of High Animal Population
- 4.1.1.2. Growing Demand for High-Shelf Life Feed Products
- 4.1.2. Restraints
- 4.1.2.1. High Production Cost
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. DMI Opinion
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Feed Acidifiers*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Mold Inhibitors
- 7.4. Feed Antioxidants
- 7.5. Anticaking Agents
- 7.6. Others
- 8. By Feed Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feed Type
- 8.1.2. Market Attractiveness Index, By Feed Type
- 8.2. Compound Feed*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Feed Premix
- 8.4. Feed Meal
- 8.5. Silage
- 8.6. Others
- 9. By Distribution Channel
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.1.2. Market Attractiveness Index, By Distribution Channel
- 9.2. E-Commerce*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Hypermarkets/Supermarkets
- 9.4. Specialty Stores
- 9.5. Others
- 10. By Form
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 10.1.2. Market Attractiveness Index, By Form
- 10.2. Granular*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Powder
- 10.4. Liquid
- 10.5. Others
- 11. By Livestock
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 11.1.2. Market Attractiveness Index, By Livestock
- 11.2. Poultry*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Cattle
- 11.4. Swine
- 11.5. Aquaculture
- 11.6. Others
- 12. By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feed Type
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1. U.S.
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feed Type
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.8.1. Germany
- 12.3.8.2. UK
- 12.3.8.3. France
- 12.3.8.4. Italy
- 12.3.8.5. Russia
- 12.3.8.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feed Type
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.8.1. Brazil
- 12.4.8.2. Argentina
- 12.4.8.3. Rest of South America
- 12.5. Asia-Pacific
- 12.5.1. Introduction
- 12.5.2. Key Region-Specific Dynamics
- 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feed Type
- 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.5.8.1. China
- 12.5.8.2. India
- 12.5.8.3. Japan
- 12.5.8.4. Australia
- 12.5.8.5. Rest of Asia-Pacific
- 12.6. Middle East and Africa
- 12.6.1. Introduction
- 12.6.2. Key Region-Specific Dynamics
- 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feed Type
- 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
- 14. Company Profiles
- 14.1. Kemin Industries, Inc *
- 14.1.1. Company Overview
- 14.1.2. Product Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
- 14.2. BASF SE
- 14.3. Perstorp
- 14.4. Impextraco NV
- 14.5. Adisseo
- 14.6. Solvay
- 14.7. Vitalac
- 14.8. Jungbunzlauer Suisse AG
- 14.9. DSM
- 14.10. Pestell Nutrition Inc
- LIST NOT EXHAUSTIVE
- 15. Appendix
- 15.1. About Us and Services
- 15.2. Contact Us
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