Animal Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)

Description

The global animal feed additives market has witnessed remarkable growth in recent times, primarily driven by the increasing consumption of processed meat, poultry, and dairy products. However, the extensive use of antibiotics as additives poses significant health risks to animals and humans, prompting the market to seek healthier alternatives to fill nutritional gaps in animal diets. Moreover, the outbreak of livestock diseases and the global shift towards sustainable and natural food products have fueled the demand for high-quality, naturally sourced feed additives.

Key Findings from the Report:

In 2019, the animal feed additives market recorded revenue of approximately US$35 Bn, with expectations of steady growth in the near term.

The antibiotic segment remains the leading segment, despite strict regulations limiting their usage due to health concerns.

Key Asian markets, particularly China and India, lead the global animal feed additives market, being major producers of raw and processed meat.

North America and Europe heavily rely on Asia Pacific for imports of meat, poultry, and aquatic products, boosting demand for animal feed additives in the region.

Driving Factors

Outbreak of Livestock Diseases

The rise in demand for raw and processed meat, poultry, and fish products has led to substantial growth in the animal feed additives market. Increasing safety concerns due to outbreaks of diseases like swine flu and avian flu have further driven demand for feed additives to enhance companion animal health.

New Product Launches

Frequent introductions of new products in the market are a significant factor driving revenue for the animal feed additives market. Several companies have launched innovative feed additives, such as TruGro Animal Nutrition, plant-based sweeteners, and CBD and hemp products by Layn Corp. Ascus Biosciences introduced endomicrobials, beneficial microbes that enhance productivity and well-being, while NUQO offers natural ingredients using algae bioactives and encapsulation techniques.

Challenges

Government Regulations

Stringent government regulations regarding the use of antibiotics in livestock feeds, driven by concerns about their impact on human health, may hamper the performance of this segment in the long run. Regulatory guidelines, such as the European Union's 2018 law restricting antibiotic usage in animal husbandry, pose challenges to the animal feed additives market.

Shift Towards Veganism

The constant shift towards veganism among consumers may also present a roadblock to the animal feed additives market, impacting demand for animal-derived products.

Growth Opportunities Across Regions

China and India

Asia Pacific, particularly China and India, is estimated to hold a significant share in the global animal feed additives market. The fitness-oriented lifestyles of younger generations in these countries, characterized by higher protein consumption, will drive market growth.

Interdependence of Western and Asian Markets

North America and Europe heavily rely on Asian nations for imports of raw or processed meat and aquatic and poultry products. This interdependence will continue to boost demand for animal feed additives in Asia Pacific.

Competition Analysis

Key players driving the competition in the global animal feed additives market include: BASF SE, Cargill Inc., Phibro Animal Health Corp., Danisco Animal Nutrition, Novozymes AS, Elanco Animal Health, Archer Daniels Midland Co. (ADM), Kemin Industries Inc., Beneo GmbH, Disseo SAS, and Lallemand Inc.

1. Executive Summary

1.1. Global Animal Feed Additives Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Production Output and Trade Statistics, 2018 - 2022

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2018 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Additive Type
4.4. By Region

5. Global Animal Feed Additives Market Outlook, 2018 - 2030

5.1. Global Animal Feed Additives Market Outlook, by Additive Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Amino Acids
  - 5.1.1.2. Vitamins
  - 5.1.1.3. Antibiotics
  - 5.1.1.4. Feed Enzymes
  - 5.1.1.5. Eubiotics
  - 5.1.1.6. Antioxidants
  - 5.1.1.7. Minerals
  - 5.1.1.8. Misc.
5.2. Global Animal Feed Additives Market Outlook, by Origin, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Plant
  - 5.2.1.2. Animal
  - 5.2.1.3. Microorganism
5.3. Global Animal Feed Additives Market Outlook, by Livestock Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Ruminant
  - 5.3.1.2. Swine
  - 5.3.1.3. Poultry
  - 5.3.1.4. Aquaculture
  - 5.3.1.5. Misc. (Equine, etc.)
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Animal Feed Additives Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. North America Animal Feed Additives Market Outlook, 2018 - 2030

6.1. North America Animal Feed Additives Market Outlook, by Additive Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Amino Acids
  - 6.1.1.2. Vitamins
  - 6.1.1.3. Antibiotics
  - 6.1.1.4. Feed Enzymes
  - 6.1.1.5. Eubiotics
  - 6.1.1.6. Antioxidants
  - 6.1.1.7. Minerals
  - 6.1.1.8. Misc.
6.2. North America Animal Feed Additives Market Outlook, by Origin, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Plant
  - 6.2.1.2. Animal
  - 6.2.1.3. Microorganism
6.3. North America Animal Feed Additives Market Outlook, by Livestock Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Ruminant
  - 6.3.1.2. Swine
  - 6.3.1.3. Poultry
  - 6.3.1.4. Aquaculture
  - 6.3.1.5. Misc. (Equine, etc.)
6.4. North America Animal Feed Additives Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Animal Feed Additives Market Outlook, 2018 - 2030

7.1. Europe Animal Feed Additives Market Outlook, by Additive Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Amino Acids
  - 7.1.1.2. Vitamins
  - 7.1.1.3. Antibiotics
  - 7.1.1.4. Feed Enzymes
  - 7.1.1.5. Eubiotics
  - 7.1.1.6. Antioxidants
  - 7.1.1.7. Minerals
  - 7.1.1.8. Misc.
7.2. Europe Animal Feed Additives Market Outlook, by Origin, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Plant
  - 7.2.1.2. Animal
  - 7.2.1.3. Microorganism
7.3. Europe Animal Feed Additives Market Outlook, by Livestock Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Ruminant
  - 7.3.1.2. Swine
  - 7.3.1.3. Poultry
  - 7.3.1.4. Aquaculture
  - 7.3.1.5. Misc. (Equine, etc.)
7.4. Europe Animal Feed Additives Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Russia
  - 7.4.1.7. Rest of Europe
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Animal Feed Additives Market Outlook, 2018 - 2030

8.1. Asia Pacific Animal Feed Additives Market Outlook, by Additive Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Amino Acids
  - 8.1.1.2. Vitamins
  - 8.1.1.3. Antibiotics
  - 8.1.1.4. Feed Enzymes
  - 8.1.1.5. Eubiotics
  - 8.1.1.6. Antioxidants
  - 8.1.1.7. Minerals
  - 8.1.1.8. Misc.
8.2. Asia Pacific Animal Feed Additives Market Outlook, by Origin, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Plant
  - 8.2.1.2. Animal
  - 8.2.1.3. Microorganism
8.3. Asia Pacific Animal Feed Additives Market Outlook, by Livestock Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Ruminant
  - 8.3.1.2. Swine
  - 8.3.1.3. Poultry
  - 8.3.1.4. Aquaculture
  - 8.3.1.5. Misc. (Equine, etc.)
8.4. Asia Pacific Animal Feed Additives Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Animal Feed Additives Market Outlook, 2018 - 2030

9.1. Latin America Animal Feed Additives Market Outlook, by Additive Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Amino Acids
  - 9.1.1.2. Vitamins
  - 9.1.1.3. Antibiotics
  - 9.1.1.4. Feed Enzymes
  - 9.1.1.5. Eubiotics
  - 9.1.1.6. Antioxidants
  - 9.1.1.7. Minerals
  - 9.1.1.8. Misc.
9.2. Latin America Animal Feed Additives Market Outlook, by Origin, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Plant
  - 9.2.1.2. Animal
  - 9.2.1.3. Microorganism
9.3. Latin America Animal Feed Additives Market Outlook, by Livestock Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Ruminant
  - 9.3.1.2. Swine
  - 9.3.1.3. Poultry
  - 9.3.1.4. Aquaculture
  - 9.3.1.5. Misc. (Equine, etc.)
9.4. Latin America Animal Feed Additives Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Animal Feed Additives Market Outlook, 2018 - 2030

10.1. Middle East & Africa Animal Feed Additives Market Outlook, by Additive Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Amino Acids
  - 10.1.1.2. Vitamins
  - 10.1.1.3. Antibiotics
  - 10.1.1.4. Feed Enzymes
  - 10.1.1.5. Eubiotics
  - 10.1.1.6. Antioxidants
  - 10.1.1.7. Minerals
  - 10.1.1.8. Misc.
10.2. Middle East & Africa Animal Feed Additives Market Outlook, by Origin, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Plant
  - 10.2.1.2. Animal
  - 10.2.1.3. Microorganism
10.3. Middle East & Africa Animal Feed Additives Market Outlook, by Livestock Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. Ruminant
  - 10.3.1.2. Swine
  - 10.3.1.3. Poultry
  - 10.3.1.4. Aquaculture
  - 10.3.1.5. Misc. (Equine, etc.)
10.4. Middle East & Africa Animal Feed Additives Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. ADM
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. BASF SE
- 11.3.3. DSM N.V.
- 11.3.4. Ajinomoto Animal Nutrition
- 11.3.5. Cargill Inc.
- 11.3.6. Nutreco
- 11.3.7. Evonik Industries
- 11.3.8. Chr. Hansen A/S
- 11.3.9. Novozymes
- 11.3.10. Kemin Industries
- 11.3.11. Novus International
- 11.3.12. Sumitomo Chemical
- 11.3.13. InVivo NSA

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations