Animal Feed Additives Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and Livestock

List of Tables

The animal feed additives market was valued at US$ 34,583.5 million in 2021 and is projected to reach US$ 49,874.8 million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028.

The animal feed additives market is gaining momentum due to increased livestock production and growing feed production. The animal feed manufacturers demand novel products to fortify the animal feed as a precautionary measure against the possibility of infections in the future. Moreover, post the outbreak of COVID-19, the demand for additives increased due to the concerns regarding animal-borne diseases. The development is expected to positively benefit the feed additives market as livestock producers are looking for nutritionally fortified products.

Based on type, the animal feed additives market is segmented into amino acids, vitamins, carotenoids, enzymes, prebiotics and probiotics, minerals, acidifiers, lipids, and others. The amino acid segment accounted for the largest market share in 2020, whereas the acidifiers segment is expected to register the highest CAGR during the forecast period. Amino acids play a vital role in animal lives, performing metabolic functions. Some of the essential amino acids cannot be synthesized by animals in required quantities, which has led to high demand for additives from the feed industry. Therefore, amino acids contributed to the animal feed additives market in 2020.

By region, the animal feed additives market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). In 2020, Asia Pacific held the largest share of the market. However, the South and Central America market is estimated to register the highest CAGR during the forecast period. As per the USDA report, in 2020, Argentina was the world's fifth-largest beef exporter, exporting over 700,000 metric tons of beef and beef products. Also, the country is anticipated to increase its production to 760,000 million tons by the end of 2021. Thus, having large cattle stock and other livestock farming in the region is expected to favor the market positively.

Cargill, Incorporated; ADM; Evonik Industries AG; Land O'Lakes, Inc.; Nutreco N.V; Alltech; DuPont de Nemours, Inc.; DSM; Novozymes; Kemin Industries Inc. are among the key players operating in the animal feed additives market.

The overall animal feed additives market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the animal feed additives market.

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The key findings and recommendations highlight crucial progressive industry trends in the global animal feed additives market, thereby allowing players to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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Product Code: TIPRE00005141

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis Formulation:
- 3.2.4 Macro-economic Factor Analysis:
- 3.2.5 Developing Base Number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country Level Data:

4. Animal Feed Additives Market Landscape

4.1 Market Overview

4.2. Porter's Five Forces Analysis

4.2.1 Bargaining Power Of Buyers

4.2.2 Bargaining Power Of Suppliers

4.2.3 Threat To Substitute

4.2.4 Threat To New Entrants

4.2.5 Competitive Rivalry

4.3. Ecosystem Analysis

4.4. Expert Opinion

5. Animal Feed Additives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Feed Production
- 5.1.2 Surging Demand for Livestock Products
5.2 Market Restraints
- 5.2.1 Ban on Antibiotics as a Feed Additive
5.3 Market Opportunities
- 5.3.1 Rising Demand for Natural and Organic Additives
5.4 Future Trends
- 5.4.1 Feed Fortification

5.5 Impact Analysis of Drivers and Restraint

6. Animal Feed Additives - Global Market Analysis

6.1 Animal Feed Additives Market Overview
6.2 Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning

7. Animal Feed Additives Market Analysis - By Type

7.1 Overview
7.2 Animal Feed Additives Market, By Type (2020 and 2028)
7.3 Amino Acids
- 7.3.1 Overview
- 7.3.2 Amino Acids: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Vitamins
- 7.4.1 Overview
- 7.4.2 Vitamins: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Carotenoids
- 7.5.1 Overview
- 7.5.2 Carotenoids: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Enzymes
- 7.6.1 Overview
- 7.6.2 Enzymes: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Prebiotics and Probiotics
- 7.7.1 Overview
- 7.7.2 Prebiotics and Probiotics: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Minerals
- 7.8.1 Overview
- 7.8.2 Minerals: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.9 Acidifiers
- 7.9.1 Overview
- 7.9.2 Acidifiers: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.10 Lipids
- 7.10.1 Overview
- 7.10.2 Lipids: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.11 Others
- 7.11.1 Overview
- 7.11.2 Others: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)

8. Animal Feed Additives Market Analysis - By Livestock

8.1 Overview
8.2 Animal Feed Additives Market, By Livestock (2020 and 2028)
8.3 Poultry
- 8.3.1 Overview
- 8.3.2 Poultry: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Ruminants
- 8.4.1 Overview
- 8.4.2 Ruminants: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Swine
- 8.5.1 Overview
- 8.5.2 Swine: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Aquaculture
- 8.6.1 Overview
- 8.6.2 Aquaculture: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)

9. Animal Feed Additives Market - Geographic Analysis

9.1 Overview
9.2 North America: Animal Feed Additives Market
- 9.2.1 North America: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Animal Feed Additives Market, By Type
- 9.2.3 North America: Animal Feed Additives Market, By Livestock
- 9.2.4 North America: Animal Feed Additives Market, by Key Country
  - 9.2.4.1 US: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 US: Animal Feed Additives Market, By Type
    - 9.2.4.1.2 US: Animal Feed Additives Market, by Livestock
  - 9.2.4.2 Canada: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 Canada: Animal Feed Additives Market, By Type
    - 9.2.4.2.2 Canada: Animal Feed Additives Market, by Livestock
  - 9.2.4.3 Mexico: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 Mexico: Animal Feed Additives Market, By Type
    - 9.2.4.3.2 Mexico: Animal Feed Additives Market, by Livestock
9.3 Europe: Animal Feed Additives Market
- 9.3.1 Europe: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Animal Feed Additives Market, By Type
- 9.3.3 Europe: Animal Feed Additives Market, By Livestock
- 9.3.4 Europe: Animal Feed Additives Market, by Key Country
  - 9.3.4.1 Germany: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.1.1 Germany: Animal Feed Additives Market, By Type
    - 9.3.4.1.2 Germany: Animal Feed Additives Market, By Livestock
  - 9.3.4.2 France: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.2.1 France: Animal Feed Additives Market, By Type
    - 9.3.4.2.2 France: Animal Feed Additives Market, By Livestock
  - 9.3.4.3 Italy: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.3.1 Italy: Animal Feed Additives Market, By Type
    - 9.3.4.3.2 Italy: Animal Feed Additives Market, By Livestock
  - 9.3.4.4 UK: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.4.1 UK: Animal Feed Additives Market, By Type
    - 9.3.4.4.2 UK: Animal Feed Additives Market, By Livestock
  - 9.3.4.5 Russia: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.5.1 Russia: Animal Feed Additives Market, By Type
    - 9.3.4.5.2 Russia: Animal Feed Additives Market, By Livestock
  - 9.3.4.6 Rest of Europe: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.6.1 Rest of Europe: Animal Feed Additives Market, By Type
    - 9.3.4.6.2 Rest of Europe: Animal Feed Additives Market, By Livestock
9.4 Asia-Pacific: Animal Feed Additives market
- 9.4.1 Asia-Pacific: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia-Pacific: Animal Feed Additives Market, By Type
- 9.4.3 Asia-Pacific: Animal Feed Additives Market, By Livestock
- 9.4.4 Asia-Pacific: Animal Feed Additives Market, by Key Country
  - 9.4.4.1 India: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.1.1 India: Animal Feed Additives Market, By Type
    - 9.4.4.1.2 India: Animal Feed Additives Market, by Livestock
  - 9.4.4.2 Australia: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.2.1 Australia: Animal Feed Additives Market, By Type
    - 9.4.4.2.2 Australia: Animal Feed Additives Market, by Livestock
  - 9.4.4.3 China: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.3.1 China: Animal Feed Additives Market, By Type
    - 9.4.4.3.2 China: Animal Feed Additives Market, by Livestock
  - 9.4.4.4 Japan: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.4.1 Japan: Animal Feed Additives Market, By Type
    - 9.4.4.4.2 Japan: Animal Feed Additives Market, by Livestock
  - 9.4.4.5 South Korea: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.5.1 South Korea: Animal Feed Additives Market, By Type
    - 9.4.4.5.2 South Korea: Animal Feed Additives Market, by Livestock
  - 9.4.4.6 Rest of Asia-Pacific: Animal Feed Additives Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.6.1 Rest of Asia-Pacific: Animal Feed Additives Market, By Type
    - 9.4.4.6.2 Rest of Asia-Pacific: Animal Feed Additives Market, by Livestock
9.5 Middle East & Africa: Animal Feed Additives Market
- 9.5.1 Middle East & Africa: Animal Feed Additives Market - Revenue and Forecast to 2028(US$ Million)
- 9.5.2 Middle East & Africa: Animal Feed Additives Market, By Type
- 9.5.3 Middle East & Africa: Animal Feed Additives Market, by Livestock
- 9.5.4 Middle East & Africa: Animal Feed Additives Market, by Key Country
  - 9.5.4.1 South Africa: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.1.1 South Africa: Animal Feed Additives Market, By Type
    - 9.5.4.1.2 South Africa: Animal Feed Additives Market, by Livestock
  - 9.5.4.2 Saudi Arabia: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.2.1 Saudi Arabia: Animal Feed Additives Market, By Type
    - 9.5.4.2.2 Saudi Arabia: Animal Feed Additives Market, by Livestock
  - 9.5.4.3 UAE: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.3.1 UAE: Animal Feed Additives Market, By Type
    - 9.5.4.3.2 UAE: Animal Feed Additives Market, by Livestock
  - 9.5.4.4 Rest of the Middle East and Africa: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.4.1 Rest of the Middle East and Africa: Animal Feed Additives Market, By Type
    - 9.5.4.4.2 Rest of the Middle East and Africa: Animal Feed Additives Market, by Livestock
9.6 South and Central America: Animal Feed Additives Market
- 9.6.1 South America: Animal Feed Additives Market - Revenue and Forecast to 2028(US$ Million)
- 9.6.2 South America: Animal Feed Additives Market, By Type
- 9.6.3 South America: Animal Feed Additives Market, by Livestock
- 9.6.4 South America: Animal Feed Additives Market, by Key Country
  - 9.6.4.1 Brazil: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.1.1 Brazil: Animal Feed Additives Market, By Type
    - 9.6.4.1.2 Brazil: Animal Feed Additives Market, by Livestock
  - 9.6.4.2 Argentina: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.2.1 Argentina: Animal Feed Additives Market, By Type
    - 9.6.4.2.2 Argentina: Animal Feed Additives Market, by Livestock
  - 9.6.4.3 Rest of South and Central America: Animal Feed Additives Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.3.1 Rest of South and Central America: Animal Feed Additives Market, By Type
    - 9.6.4.3.2 Rest of South and Central America: Animal Feed Additives Market, by Livestock

10. Overview- Impact of Coronavirus Outbreak

10.1 Impact of COVID-19 on Animal Feed Additives Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 Cargill, Incorporated
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 ADM
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Evonik Industries AG
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Land O'Lakes, Inc.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Nutreco N.V
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Alltech
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 DuPont de Nemours, Inc.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 DSM
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 Novozymes
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 Kemin Industries Inc.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms