Global Feed Additives Market Growth 2023-2029

Global Feed Additives Market Growth 2023-2029

Animal feed additives are enzyme supplements, phosphate, calcium and trace mineral mixtures that can be given to grazing animals during the dry or rainy season. These animal feed supplements can be mixed with fodder and have an extra shelf life.

Animal nutrition focuses on the dietary needs of animals, primarily those in agriculture and food production, but also in zoos, aquariums, and wildlife management. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given following a scientific evaluation demonstrating that the additive has no harmful effects, on human and animal health and on the environment.

LPI (LP Information)' newest research report, the “Feed Additives Industry Forecast” looks at past sales and reviews total world Feed Additives sales in 2022, providing a comprehensive analysis by region and market sector of projected Feed Additives sales for 2023 through 2029. With Feed Additives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Feed Additives industry.

This Insight Report provides a comprehensive analysis of the global Feed Additives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Feed Additives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Feed Additives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Feed Additives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Feed Additives.

The global Feed Additives market size is projected to grow from US$ 79680 million in 2022 to US$ 83940 million in 2029; it is expected to grow at a CAGR of 83940 from 2023 to 2029.

Evonik is the leading company in the global feed additives market, but only has a market share of less than 4%. China is the global leading producer of feed additives, accounting for more than 30% of the market. In terms of type, the sales share of minerals is more than 50%. In the application field, the revenue share of poultry feed accounts for more than 40%.

This report presents a comprehensive overview, market shares, and growth opportunities of Feed Additives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Minerals
Amino Acids
Vitamins
Enzymes
Others

Segmentation by application
Poultry Feeds
Ruminant Feeds
Pig Feeds
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Evonik
Adisseo
CJ Group
Novus International
DSM
Meihua Group
Kemin Industries
Zoetis
BASF
Sumitomo Chemical
ADM
Alltech
Biomin
Lonza
Lesaffre
Nutreco
IFF
Novozymes

Key Questions Addressed in this Report

What is the 10-year outlook for the global Feed Additives market?

What factors are driving Feed Additives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Feed Additives market opportunities vary by end market size?

How does Feed Additives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.