Market Research

Feed Additives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 140 Pages Fortune Business Insights Pvt. Ltd. June, 2024 FOB18838686
Best Price Guarantee
Price from $4,850
Length 140 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date June, 2024
SKU FOB18838686

Feed Additives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Feed Additives Market

The feed additives market size was valued at USD 36.17 billion in 2023, and the market is now projected to grow from USD 37.92 billion in 2024 to USD 53.66 billion by 2032, exhibiting a CAGR of 4.43% during the forecast period of 2024-2032.

The COVID-19 epidemic turned out to be a tipping factor in the field of animal health, production and processing of meat, animal welfare activities and global food safety. The pandemic affected key industries as a result of these unexpected disruptions caused directly by the COVID-19 pandemic, similar to labor shortages, food shortages, low access to markets, and veterinary care services. The standard of the key economic sectors in the global economy like international border restrictions, port restrictions and social distancing limitations in productiveness, competitiveness and quality was affected. This led to the decline in the feed additives market growth.

The United Nations population forecast reveals about the global population in 2050 will be over 9.7 billion which consequently raise the resources required for producing animal protein. As living standards are rising, a lot of people prefer to consume animal protein today compared with the past. The animal feed industry is scaling up their production facilities to be the supplier of the growing feed needs of millions of livestock animals, while also conserving the environment and reducing the environmental impact of the livestock operations. Few aspects of human bingeing on animal protein, like the eating habits and daily diets of humans, serve as determinants of the desirability of animal protein in the regular food intake of humans. The animal-based protein industry is predicted to proliferate given the reasons the health community supports meat eating and animal-origin products, thus driving the feed additives market share.

In addition to nutritional value, feed also has an impact on immune, growth and overall productivity of animals. Organizations engaged in the feed business have improved functional supplements and foods that are enriched with products that offer body benefits by strengthening the immune system of animals. Food additives can function not only to relieve stress but extend the microbial diversity in the gut to fight various sickness. The main substances that are important in the production formulation of functional foods are enzymes, antioxidants, mycotoxin binders, probiotics and prebiotics, phytochemicals and photobiotic compounds. These additional processing agents are introduced to feed formulations, and then they are blended into pellets through different forming methods. Using these supplements among animals, of course their physical health can gradually be improved, which tends to increase their market value accordingly.

Comprehensive Analysis of Feed Additives Market

The feed additives market and agriculture industry are rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated By Type Analysis and By Animal Type Analysis. By the type of product, the market segmentation is done which including amino acids, vitamins and minerals, antioxidants, and others. The amino acids segment was, in 2022, the most significant sector of feed additives and is presently expected to maintain its best over the projection period. In accordance with animal kinds, the world`s feed industry is subdivided into the compound feed for cattle, swine, and poultry as well as others. The majority of the Others, having sheep, goats, and aqua feeds, occupy the second category. The poultry segment had the feat of the largest share in 2022 and is by far supposed to maintain its supremacy throughout the forecast period.

In 2023, Asia Pacific was the region with the highest market share because of the presence of China and India, which are two among the 5 leading countries globally.

The top players in the market play a crucial role in the agriculture industry assuring industrial prospectus growth and setting market standards. These players include, Cargill, Incorporated (U.S.), ADM (U.S.), Ajinomoto Co., Inc. (Japan), Evonik Industries (Germany), DuPont (U.S.), Novozymes (Denmark), DSM (Netherlands), Adisseo (China), Chr. Hansen Holding (Denmark) and Kemin Industries, Inc. (U.S.).

In August 2023, Adisseo, a Chinese corporation that makes nutritional additives for animals, said it would build a new powder methionine plant in the Fujian province rather than in China. The facility will be worth USD 680 million, and is currently targeted for year 2027 to begin production.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.43% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

Amino Acids

Vitamins & Minerals

Antioxidants

Others

By Animal Type

Cattle

Poultry

Swine

Others

By Region

North America (By Type, Animal Type, and Country)

U.S. (By Animal Type)

Canada (By Animal Type)

Mexico (By Animal Type)

Europe (By Type, Animal Type, and Country)

France (By Animal Type)

Russia (By Animal Type)

U.K. (By Animal Type)

Italy (By Animal Type)

Germany (By Animal Type)

Rest of Europe(By Animal Type)

Asia Pacific (By Type, Animal Type, and Country)

China (By Animal Type)

India (By Animal Type)

Japan (By Animal Type)

Australia (By Animal Type)

Rest of Asia Pacific (By Animal Type)

South America (By Type, Animal Type, and Country)

Brazil (By Animal Type)

Argentina (By Animal Type)

Rest of South America (By Animal Type)

Middle East and Africa (By Type, Animal Type, and Country)

South Africa (By Animal Type)

Turkey (By Animal Type)

Rest of Middle East & Africa (By Animal Type)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain
4.4. Regulatory Analysis
4.5. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.6. Qualitative Analysis Related to COVID-19
4.6.1. Impact of COVID-19 on the Market
4.6.2. Supply Chain Challenges amidst PandemicFeed Additives MarketPotential Opportunities due to this Global Crisis
5. Global Feed Additives Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type
5.2.1.1. Amino Acids
5.2.1.2. Vitamins & Minerals
5.2.1.3. Antioxidants
5.2.1.4. Others
5.2.2. By Animal Type
5.2.2.1. Cattle
5.2.2.2. Poultry
5.2.2.3. Swine
5.2.2.4. Others
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Feed Additives Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type
6.2.1.1. Amino Acids
6.2.1.2. Vitamins & Minerals
6.2.1.3. Antioxidants
6.2.1.4. Others
6.2.2. By Animal Type
6.2.2.1. Cattle
6.2.2.2. Poultry
6.2.2.3. Swine
6.2.2.4. Others
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By Animal Type (Value)
6.2.3.1.1.1. Cattle
6.2.3.1.1.2. Poultry
6.2.3.1.1.3. Swine
6.2.3.1.1.4. Others
6.2.3.2. Canada
6.2.3.2.1. By Animal Type (Value)
6.2.3.2.1.1. Cattle
6.2.3.2.1.2. Poultry
6.2.3.2.1.3. Swine
6.2.3.2.1.4. Others
6.2.3.3. Mexico
6.2.3.3.1. By Animal Type (Value)
6.2.3.3.1.1. Cattle
6.2.3.3.1.2. Poultry
6.2.3.3.1.3. Swine
6.2.3.3.1.4. Others
7. Europe Feed Additives Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type
7.2.1.1. Amino Acids
7.2.1.2. Vitamins & Minerals
7.2.1.3. Antioxidants
7.2.1.4. Others
7.2.2. By Animal Type
7.2.2.1. Cattle
7.2.2.2. Poultry
7.2.2.3. Swine
7.2.2.4. Others
7.2.3. By Country (Value)
7.2.3.1. France
7.2.3.1.1. By Animal Type (Value)
7.2.3.1.1.1. Cattle
7.2.3.1.1.2. Poultry
7.2.3.1.1.3. Swine
7.2.3.1.1.4. Others
7.2.3.2. Russia
7.2.3.2.1. By Aniaml Type (Value)
7.2.3.2.1.1. Cattle
7.2.3.2.1.2. Poultry
7.2.3.2.1.3. Swine
7.2.3.2.1.4. Others
7.2.3.3. UK
7.2.3.3.1. By Animal Type (Value)
7.2.3.3.1.1. Cattle
7.2.3.3.1.2. Poultry
7.2.3.3.1.3. Swine
7.2.3.3.1.4. Others
7.2.3.4. Italy
7.2.3.4.1. By Animal Type (Value)
7.2.3.4.1.1. Cattle
7.2.3.4.1.2. Poultry
7.2.3.4.1.3. Swine
7.2.3.4.1.4. Others
7.2.3.5. Germany
7.2.3.5.1. By Animal Type (Value)
7.2.3.5.1.1. Cattle
7.2.3.5.1.2. Poultry
7.2.3.5.1.3. Swine
7.2.3.5.1.4. Others
7.2.3.6. Rest of Europe
7.2.3.6.1. By Animal Type (Value)
7.2.3.6.1.1. Cattle
7.2.3.6.1.2. Poultry
7.2.3.6.1.3. Swine
7.2.3.6.1.4. Others
8. Asia Pacific Feed Additives Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type
8.2.1.1. Amino Acids
8.2.1.2. Vitamins & Minerals
8.2.1.3. Antioxidants
8.2.1.4. Others
8.2.2. By Animal Type
8.2.2.1. Cattle
8.2.2.2. Poultry
8.2.2.3. Swine
8.2.2.4. Others
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Animal Type (Value)
8.2.3.1.1.1. Cattle
8.2.3.1.1.2. Poultry
8.2.3.1.1.3. Swine
8.2.3.1.1.4. Others
8.2.3.2. India
8.2.3.2.1. By Animal Type (Value)
8.2.3.2.1.1. Cattle
8.2.3.2.1.2. Poultry
8.2.3.2.1.3. Swine
8.2.3.2.1.4. Others
8.2.3.3. Japan
8.2.3.3.1. By Animal Type (Value)
8.2.3.3.1.1. Cattle
8.2.3.3.1.2. Poultry
8.2.3.3.1.3. Swine
8.2.3.3.1.4. Others
8.2.3.4. Australia
8.2.3.4.1. By Animal Type (Value)
8.2.3.4.1.1. Cattle
8.2.3.4.1.2. Poultry
8.2.3.4.1.3. Swine
8.2.3.4.1.4. Others
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By Animal Type (Value)
8.2.3.5.1.1. Cattle
8.2.3.5.1.2. Poultry
8.2.3.5.1.3. Swine
8.2.3.5.1.4. Others
9. South America Feed Additives Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type
9.2.1.1. Amino Acids
9.2.1.2. Vitamins & Minerals
9.2.1.3. Antioxidants
9.2.1.4. Others
9.2.2. By Animal Type
9.2.2.1. Cattle
9.2.2.2. Poultry
9.2.2.3. Swine
9.2.2.4. Others
9.2.3. By Country (Value)
9.2.3.1. Argentina
9.2.3.1.1. By Animal Type (Value)
9.2.3.1.1.1. Cattle
9.2.3.1.1.2. Poultry
9.2.3.1.1.3. Swine
9.2.3.1.1.4. Others
9.2.3.2. Brazil
9.2.3.2.1. By Animal Type (Value)
9.2.3.2.1.1. Cattle
9.2.3.2.1.2. Poultry
9.2.3.2.1.3. Swine
9.2.3.2.1.4. Others
9.2.3.3. Rest of South America
9.2.3.3.1. By Animal Type (Value)
9.2.3.3.1.1. Cattle
9.2.3.3.1.2. Poultry
9.2.3.3.1.3. Swine
9.2.3.3.1.4. Others
10. Middle East & Africa Feed Additives Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type
10.2.1.1. Amino Acids
10.2.1.2. Vitamins & Minerals
10.2.1.3. Antioxidants
10.2.1.4. Others
10.2.2. By Animal Type
10.2.2.1. Cattle
10.2.2.2. Poultry
10.2.2.3. Swine
10.2.2.4. Others
10.2.3. By Country (Value)
10.2.3.1.
10.2.3.1.1. South Africa
10.2.3.1.1.1. By Animal Type (Value)
10.2.3.1.1.1.1. Cattle
10.2.3.1.1.1.2. Poultry
10.2.3.1.1.1.3. Swine
10.2.3.1.1.1.4. Others
10.2.3.1.2. Turkey
10.2.3.1.2.1. By Animal Type (Value)
10.2.3.1.2.1.1. Cattle
10.2.3.1.2.1.2. Poultry
10.2.3.1.2.1.3. Swine
10.2.3.1.2.1.4. Others
10.2.3.1.3. Rest of Middle East & Africa
10.2.3.1.3.1. By Animal Type (Value)
10.2.3.1.3.1.1. Cattle
10.2.3.1.3.1.2. Poultry
10.2.3.1.3.1.3. Swine
10.2.3.1.3.1.4. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Feed Additives Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. Cargill, Incorporated
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. ADM
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Ajinomoto Co., Inc.
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Evonik Industries
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Novozymes
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. DuPont
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. DSM
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Adisseo
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Chr. Hansen Holding
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Kemin Industries, Inc.
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

$4,850
$6,850

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings