Animal Feed Additives Market Forecasts to 2028 - Global Analysis By Product (Non-nutritive Additives/Zoo Technical Additive, Nutritional Feed Additives, Coccidiostats and Histomonostats, Ionophores), Livestock, Form, and By Geography

According to Stratistics MRC, the Global Animal Feed Additives Market is accounted for $41.78 billion in 2022 and is expected to reach $57.61 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Animal feed additives are the food supplements for farm animals for improving feed quality along with quality of food from animal source and improve animal performance and health. Feed additives are mixed with animal feed to increase its nutritional value that imparts extra benefits for animals and consumers as well. Enlarged nutritional value promotes good health in animals. They are various types of feed additives catering to a host of nutritional requirements depending upon livestock.

U.S. pharmaceutical manufacturer Zoetis is the world's largest company in the animal health sector, with a total revenue of close to 6.7 billion U.S. dollars in 2020. Feed products are needed to be approved by various food & feed safety agencies including FFDCA, FDA and European Commission. In the U.S. feed additives need to be cleared by GRAS recognizing additives to be fit for consumption. Approved feed additives are listed in 21 CFR 573 and 579.

Market Dynamics:

Driver:

Consumption of disease-free and high quality meat

The global animal feed additives market likely to drive growth during the forecast period, due to the increasing knowledge about consumption of disease free and high quality meat has increased the demand for feed additives. Meat utilization increased in some of the rapid developing countries in the region, backed by technological advancements in meat processing. Meat quality remains key in developed countries of North America and Europe, providing full support to continued demand growth for feed additives in these markets. Increased rigid supervision also led to standardization of meat products, which is driving demand for various feed additives.

Restraint:

Lack of nutrients

The global animal feed additives market likely to hamper growth during the forecast period, due to Lack of nutrients in the animal feed brings unhealthiness and vitamin deficiencies that seriously influence animals growth and development, and some few outrageous cases can even result in irreversible wellbeing harm and fatalities. Farming practices to maximize yield lack essential minerals and vitamins in animal feed, which highlights the requirement for high-value animal feed additives.

Opportunity:

Increasing investments & financial assistance

Positive outlook for growing investments & monetary help for livestock farming as supplementary business as agriculture for catering growing meat demand & supportive technological innovations in processing equipment should drive animal feed additives demand. Rising emphasis on livestock nutrition for providing quality meat products is growing to its utmost significance to support consumer health & diet which should surely influence product demand.

Threat:

Government regulations

The global animal feed additives market likely to hamper growth during the forecast period, due to different government regulations across the world, manufacturing activities have been stopped. Limitations on imports of goods to control the spread of the virus have additionally contributed to restricting the market growth.

COVID-19 Impact

The COVID-19 pandemic has resulted in major economic, social, and medical challenges worldwide. As the healthcare industry has increased focus on preventing infections, similarly the animal feed and feed additives market has been focusing on introducing products that may help prevent further infections. The pandemic resulted in increased concerns regarding animal-borne diseases because SARS-CoV-2 is speculated to be originated in animals. Therefore, animal feed additives are expected to benefit from the situation over the forecast period as feed manufacturers are increasingly looking for feed fortifiers that may help prevent future infections.

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

The poultry segment is anticipated to have a lucrative growth, due to increasing demand for poultry-based products such as meat and eggs across the globe, and its easy accessibility and enhanced animal husbandry practices. Apart from this, rising concerns about the meat quality and rising demand for poultry due to debouching fitness trends provides a drive to the segment growth. Poultry refers to ducks, chickens, geese, and other domestic birds which are bred for commercial as well as domestic purposes.

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

The amino acid segment is anticipated to witness the fastest CAGR growth during the forecast period. Proteins and amino acids are indispensable compounds for animals and must be consumed by them for the balance of health-related factors. Proteins consist of 20 different amino acids. Adding amino acids also results in the reduction of feed cost and improved feed efficiency generating greater feed conversion rates. Thus, amino acids have massive consumption in the animal feed market, leading to the largest market share in the animal feed additives market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period, due to the rising occurrence of cardiovascular disorders, diabetes, and cancer within this region. A rise in chronic diseases that need regular monitoring and the presence of refined healthcare infrastructure are further possible to drive market growth.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, due to strict regulatory rule pertaining to ban for antibiotic growth promoters (AGPs) bolster demand for natural growth promoters (NGPs) driving industry growth.

Key players in the market

Some of the key players in the global Animal Feed Additives market include BASF SE, Cargill, Dupont, Biomin Holdings GmbH, Dr. Eckel GmbH, DSM, MIAVIT GmbH, Novus International, Inc., Impextraco, ITPSA (Industrial Tecnica Pecuaria), Kemin Industries, Lucta, Nutriad, Alltech Inc., Neovia, Orffa, Andres Pintaluba, S.A, Kaesler Nutrition GmbH and Novozymes.

Key Developments:

In October 2021, Cargill launched its poultry feed with essential oils for healthy flocks and maximized egg production. Nutrena NatureWise formulas boost the overall wellness, happiness, and productivity of chickens.

In March 2021, BIOMIN launched Mycofix Plus 5.Z with ZENzyme in APAC. It is an innovative, all-in-one feed additive providing next-generation mycotoxin risk management for breeding animals and their offspring.

In February 2021, Kemin Industries supplies specialty ingredients for human and animal health and nutrition, pet food, aquaculture, nutraceutical, food technologies, launched a product named KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets.

Products Covered:

• Non-nutritive Additives/Zoo Technical Additive
• Nutritional Feed Additives
• Coccidiostats and Histomonostats
• Ionophores
• Direct Fed Microbials
• Stabilizers
• Sugar Based Products
• Sensory Feed Additives
• Essential Oils
• Mycotoxinbinders & deactivators
• Other Products

Livestocks Covered:

• Aquaculture
• Poultry
• Pork/Swine
• Pet Food
• Ruminants
• Equine
• Other Livestocks

Forms Covered:

• Liquid
• Dry
• Other Forms

Functions Covered:

• Single Function
• Multi Function

End Users Covered:

• Zoos
• Households
• Animal shelters
• Farms
• Veterinarians

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

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