Specialty Feed Additives Market Forecasts to 2028 – Global Analysis By Product Type (Acidifiers, Minerals, Vitamins, Binders, Flavors & Sweeteners, Antioxidants and Other Product Types), Form (Dry, Liquid and Other Forms), Function, Application and By Geo

Specialty Feed Additives Market Forecasts to 2028 – Global Analysis By Product Type (Acidifiers, Minerals, Vitamins, Binders, Flavors & Sweeteners, Antioxidants and Other Product Types), Form (Dry, Liquid and Other Forms), Function, Application and By Geography

According to Stratistics MRC, the Global Specialty Feed Additives Market is accounted for $44.2 billion in 2022 and is expected to reach $67.5 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Specialty Feed Additives are supplements of the extra nutrients or drugs used for livestock. These additives include vitamins, fatty acids, minerals, and amino acids, fungal and steroidal compounds. These additives can effectively improve production level, animal health and efficiency. The effects of additives include improved feed efficiency and improved average daily gain. Feed additives are commercially available as cubes, pellets, blocks, or loose minerals. These additives cannot be marketed unless authorization has been given following a scientific evaluation demonstrating that the additive is harmless for the environment as well as for animals and humans.

According to the Organization for Economic Co-operation and Development (OECD), the poultry meat consumption volume in India in 2017 accounted for 3.5 million metric tons, which increased to 4.1 million metric tons by 2021.

Market Dynamics:

Driver:

Increased demand for high quality products

The rising demand for high-quality animal products has prompted producers and processors to look for specialised animal nutrition solutions that contain a variety of vitamins, minerals, and antioxidants that provide the desired benefits to animals. Therefore, mounting concerns regarding the quality of animal based products is driving the market.

Restraint:

Sustainability of feed and livestock chain

The feed and livestock industries can achieve sustainability by creating a standardised environmental footprint approach. The usage of co-products from other processing industries can decrease the pressure on land-grown crops, which are the prospects impeding market growth.

Opportunity:

Growing awareness

The growing awareness of animal health and the widespread use of specialty feed additives to solve nutritional deficiencies have an impact on the market. Additionally, innovations in animal husbandry and encapsulation in feed acidifiers are the factors boosting the growth of the market.

Threat:

High production cost

An increase in production costs caused by the large number of substances used and the strict regulatory framework that prevents the use of innovative ingredients without extensive clinical trials and validation tests are the factors hampering the growth of the market.

Covid-19 Impact

COVID-19 has printed a negative impact on global economic outlook. The immediate animal nutrition industry suffers from major supply chain disruption. The pandemic have affected countries and feed sector struggling to meet the demand. Due to the pandemic and lockdown, the supply chain of the raw ingredient has impacted the consumption and production patterns worldwide. Animals cannot get enough nutrition from regular feed hence the feed additives are added in their regular meal. This is evident for the lack of supply of micro ingredients such as amino acids, minerals and vitamins.

The acidifiers segment is expected to be the largest during the forecast period

The acidifiers segment is estimated to have a lucrative growth, due to its effectiveness in prompting a healthy gut by modulating the intestinal flora. They also control harmful bacteria and improve overall digestion and immune system in animals. Growing demand for improved animal growth performance is also expected to boost the growth of the segment.

The poultry segment is expected to have the highest CAGR during the forecast period

The poultry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the continuous growth in broiler production. Different types of poultry feed additives are utilised to improve efficiency and nutritional value. Increased consumption in developing countries, where rising income and urbanisation are compelling consumers to diversify their diets, is fueling segment expansion.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to strong dependence on livestock, rapidly growing demand for animal protein. The strong volumetric consumption trends, the growth in population, rise in disposable incomes, progressive urbanisation, and an increase in the demand for quality meat products are the aspects propelling the region growth.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the high meat consumption. Implementation of strict food safety mandates, high demand for processed meat products and increasing awareness about health and fitness are other prospects that could positively impact the region growth.

Key players in the market

Some of the key players profiled in the Specialty Feed Additives Market include BASF SE, Evonik Industries, Biomin Holding GmbH, Archer Daniels Midland Company, Chr. Hansen Holdings A/S, Novozymes A/S, Nutreco N.V., AkzoNobel Surface Chemistry AB, Novus International, Kemin Industries Inc., Invivo NSA, Cargill Incorporated, Brookside Agra, Lucta S.A., Yara International ASA and Alltech Inc.

Key Developments:

In June 2022, Cargill acquired a plant-based additives manufacturing company Delacon. This acquisition is expected to expand Cargill's portfolio with significant experience in feed additives, a global footprint, and helps in more nutritious food production.

In January 2022, BASF expanded its feed enzymes production capacity at Ludwigshafen (Germany) plant. Through expanding the existing plant, BASF has significantly increased its annual production. The larger production capacity enables BASF to meet the growing global demand from customers for a reliable, high-quality supply of the BASF feed enzymes.

Product Types Covered:
• Acidifiers
• Minerals
• Vitamins
• Binders
• Flavors & Sweeteners
• Antioxidants
• Other Product Types

Forms Covered:
• Dry
• Liquid
• Other Forms

Functions Covered:
• Gut Health & Digestive Performance
• Preservation of Functional Ingredients
• Mycotoxin Management
• Palatability Enhancement

Applications Covered:
• Swine
• Aquatic Animals
• Poultry
• Ruminants

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements