Feed Additives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Antibiotic, Enzyme, Vitamin, Amino Acid, Antioxidant, Acidifiers, Minerals, Others), By Livestock (Aquatic, Poultry, Swine, Cattle, Others), By Form (Dry, Liquid), By Source (Synthetic, Natural), And By Geography - Forecasts From 2019 To 2024

Published:  Jun 2022 Report Code: KSI061610654 Pages: 114

The feed additives market is projected to grow to US$ 29.163 billion by 2027 from US$ 21.006 billion, with a CAGR of 4.8% over the forecast period. 

Feed additive is incorporated into animal feed to enhance the nutritional level of the feed. They are added to the animal feed to:

Preserve feed’s nutritional characteristics before feeding- Mould inhibitors and antioxidants are employed to serve these purposes. Mould inhibitor stops a wide range of molds, preserves nutrients, and prolongs the shelf life of feeds and raw materials. Antioxidants prevent oxidization of feed by preventing rancidity of fats, destruction of vitamins A, D, and E, pigments (carotenoids), and amino acids resulting in better biological energy values for the diet.

Facilitate ingredient dispersion- Emulsifiers, stabilizers, and binders help in the pelleting of feed.

Facilitate growth- Antibiotics and hormone growth promotants help facilitate growth in the animals.

Facilitate feed ingestion and consumer acceptance of the product. 

Supply essential nutrients in purified form- Feed additives help supply essential nutrients such as vitamins, minerals, amino acids, cholesterol, and phospholipids in the animal body.

Market Dynamics

The global feed additive market is driven by the rising consumption of livestock commodities. According to FAO, the aggregate consumption of meat is expected to increase from 41.3 kg per capita in 2015 to 45.3 kg per capita in 2030. Global demand for livestock products is projected to increase by 70 percent to feed a population estimated to reach 9.6 billion by 2050. Rising consumption of meat and other livestock commodity is increasing the concern related to the health of the livestock, thereby boosting the growth of the livestock feed market. The increasing livestock population coupled with a shift of the livestock industry from an unorganized sector to an organized one further propels the feed additive market growth. Buffaloes, chicken, fish, and other animals are raised to meet the ever-increasing demand for livestock products. Moreover, a sudden upsurge of animal diseases concerns animal health while boosting the feed additive market.

However, strict government regulations and rising raw material costs are hampering market growth. The ban on antibiotics in the US and Europe for animal feed further restrains the market growth. The ban is usually imposed when antibiotics are used to enhance the growth of livestock. For instance, Colistin and its formulations for food-producing animals, poultry, aqua farming, and animal feed supplements have been banned by the Indian government according to section 26A of the Drugs and Cosmetics Act, 1940. The government reported that the use of colistin in animal feed is ultimately impacting the health of human beings. Moreover, the shift of consumers’ preference toward vegan food due to the growing concerns towards livestock may also hamper the market growth. The globally increasing popularity of veganism is expected to reduce the demand for livestock products, thereby hampering the market's growth. 

Market Segmentation 

The feed additives market has been segmented based on product, livestock, and geography. By product, the market is segmented into antibiotics, enzymes, vitamins, amino acids, antioxidants, acidifiers, minerals, and others. By livestock, the market is segmented into aquatic animals, poultry, swine, cattle, and others. By form, the market is segmented as dry and liquid. On the basis of source, the market is segmented into synthetic and natural. Geographically, the market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. 

By Product Type

With the growth of the livestock industry, the market for feed additives and antibiotics is also growing. Feed additives and antibiotics have led to the growth of animal production. Antibiotics can be used as balanced supplements and premixes. Antibiotics are very effective in improving the rate and efficiency of gain in swine, cattle, and poultry. The younger animals show better growth than those already grown up. Tetracycline and Penicillin are popular feed additive antibiotics. The presence of appropriate enzymes decides the ability of organisms’ digestive systems. Feed additive enzyme helps in improving the digestive system of animals. Carbohydrates, non-starch polysaccharide (NSP) enzymes, and phytases are some of the common commercial feed additive enzymes.

Vitamins are vital for ensuring proper animal growth, reproduction, and immune defense. It also helps produce quality poultry and livestock muscle and meat. Vitamin A, E, B, C, and D, are common vitamins. While amino acids help in the utilization of protein in animal feeding. DL-Methionine, L-Lysine HCl, L-Threonine, and L-Tryptophan are the common amino acids used in the feed additives market. Besides, antioxidants prevent oxidization of feed by preventing rancidity of fats, destruction of vitamins A, D, and E, pigments (carotenoids), and amino acids resulting in better biological energy values for the diet. Ethoxyquin, BHA, and BHT have commonly used feed additives antioxidants. Feed additive acidifier controls harmful bacteria and improves digestion, promoting healthy growth in animals and protecting them from disease. Inorganic, organic, and compound acidifiers are commonly used acidifiers. Furthermore, minerals help fulfill physiological, structural, and regulatory functions in animals. They help form bones, teeth, osmotic regulation of body fluids, and various other functions. Minerals can be classified as micro and macro minerals.  

By Livestock

The market for the aquatic fish segment is growing on account of the increasing number of farmed fish to meet the increasing demand for fish meat. The poultry segment is boosting due to the globally surging demand for meat. The rapidly increasing production of chickens and others is increasing the requirement for feed additives and hence propelling the market's growth. In addition, the growing demand for dairy products around the globe is expected to be one of the prime drivers of the growth of the market for the cattle segment. For instance, according to FAO, per capita consumption of dairy products is estimated to increase up to 90 kg in 2030 from 83 kg in 2015, growing at an annual rate of 1.3%. Increasing cattle farming to meet the growing demand for dairy products leads to the growing demand for food additives to improve the quality and yield of dairy products. Furthermore, the surging demand for swine for their flesh and increasing demand for animal protein leads to the increasing use of feed additives to increase the quality and yield of the swine. This is boosting the growth of the swine segment.

Geographically

Geographically, the Asia Pacific region is expected to drive the global feed additive market due to the rising demand for animal meat protein, especially in China. There has been a remarkable increase in the consumption of animal products in China owing to its increasing per capita income. Moreover, the adoption and implementation of innovative animal husbandry practices in this region are expected to boost the feed additives demand in the region. 

Key Developments

  • 2022- BASF expanded its feed enzymes production capacity at Ludwigshafen (Germany) plant. Through the expansion of the existing plant, BASF has significantly increased its annual production.
  • July 2021 - Danisco Animal Nutrition has expanded the launch of novel phytase feed enzyme, Axtra PHY GOLD in Malaysia, Thailand and Australian markets.
  • Feb 2020- Bluestar Adisseo formed a joint venture with Calysta Inc., a US-based protein producer to form a joint venture named Calysseo to develop FeedKind, an innovative feed solution for aquaculture, and to provide exclusive supply for Asian markets.
  • Sept 2019 - Anpario, a UK-based feed additive producer, has announced its new fully automated bottling plant at its Manton Woods facility in the UK.
  • July 2019 - Fane Valley acquired an Irish feed producer Donegal

Covid-19 Impact

The Covid-19 pandemic has impacted the market growth to some extent due to the increase in prices of the feed additives. Moreover, border restrictions, social distancing norms has reduced the quality, productivity of key productive sectors. However, the market is recovering since 2021, poultry and swine segment of the market are anticipated to witness the highest growth during the forecast period.

Major players in the feed additive market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered, along with the recent developments of these important players in the feed additive market. 

Feed Additives Market Scope:

Report Metric Details
 Market size value in 2024  US$40.108 billion
 Growth Rate  CAGR of during the forecast period
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Product Type, Livestock,  Form, Source, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Cargill Incorporated, BASF SE, Novozymes, Adisseo France SAS, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc, Elanco Animal Health, DSM, Nutriad, Kemin Industries, Inc., Lallemand Inc., Biovet, S.A, National BlueStar (Group) Co,Ltd., Advanced Enzyme Technologies, AB Vista
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Product Type
    • Antibiotic
      • Tetracycline
      • Penicillin
    • Enzyme
      • Carbohydrates
      • Phytases
      • Others
    • Vitamin
      • Vitamin A
      • Vitamin E
      • Vitamin B
      • Vitamin C
      • Vitamin D
      • Others
    • Amino Acid
      • DL-Methionine
      • L-Lysine HCl
      • L-Threonine
      • L-Tryptophan
    • Antioxidant
      • Ethoxyquin
      • BHA
      • BHT
    • Acidifiers
      • Inorganic
      • Organic
      • Compound
    • Minerals
      • Micro
      • Macro
    • Others
  • By Livestock
    • Aquatic
    • Poultry
    • Swine
    • Cattle
    • Others
  • By Form
    • Dry
    • Liquid
  • By Source
    • Synthetic
    • Natural
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the feed additive market size by 2024?
A1. Feed Additives Market is projected to reach a market size of US$40.108 billion in 2024.

Q2. What are the growth prospects for feed additive market?
A2. The feed additive market is expected to grow at a CAGR of 4.53% over the forecast period.

Q3. How is the global feed additive market segmented?
A3. The global feed additive market has been segmented based on product, livestock, and geography. 

Q4. What factors are anticipated to drive the feed additive market growth?
A4. Increasing livestock population coupled with a shift of the livestock industry from an unorganized sector to an organized one propels the feed additive market growth.

Q5. Which region holds the largest market share in the feed additive market?
A5. Geographically, the Asia Pacific region is expected to drive the global feed additive market due to the rising demand for animal meat protein, especially in China.

1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis


5.  FEED ADDITIVES MARKET BY PRODUCT TYPE
5.1. Antibiotic
5.1.1. Tetracycline
5.1.2. Penicillin
5.2. Enzyme
5.2.1. Carbohydrates
5.2.2. Phytases
5.2.3. Others
5.3. Vitamin
5.3.1. Vitamin A
5.3.2. Vitamin E
5.3.3. Vitamin B
5.3.4. Vitamin C
5.3.5. Vitamin D
5.3.6. Others
5.4. Amino Acid
5.4.1. DL-Methionine
5.4.2. L-Lysine HCl
5.4.3.  L-Threonine
5.4.4.  L-Tryptophan
5.5. Antioxidant
5.5.1. Ethoxyquin
5.5.2. BHA
5.5.3.  BHT
5.6.  Acidifiers
5.6.1. Inorganic
5.6.2.  Organic
5.6.3. Compound
5.7. Minerals
5.7.1. Micro
5.7.2.  Macro
5.7.3. Others


6. FEED ADDITIVES MARKET BY LIVESTOCK
6.1. Aquatic
6.2.  Poultry
6.3. Swine
6.4. Cattle
6.5. Others


7. FEED ADDITIVES MARKET BY FORM
7.1. Dry
7.2. Liquid


8. FEED ADDITIVES MARKET BY SOURCE
8.1. Synthetic
8.2. Natural


9. FEED ADDITIVES MARKET BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. North America Feed Additives Market, By Product Type 2020 to 2027
9.2.2. North America Feed Additives Market, By Livestock 2020 to 2027
9.2.3. North America Feed Additives Market, By Form 2020 to 2027
9.2.4. North America Feed Additives Market, By Source 2020 to 2027
9.2.5. By Country
9.2.5.1. United States
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America Feed Additives Market, By Product Type 2020 to 2027
9.3.2. South America Feed Additives Market, By Livestock 2020 to 2027
9.3.3. South America Feed Additives Market, By Form 2020 to 2027
9.3.4. South America Feed Additives Market, By Source 2020 to 2027
9.3.5. By Country
9.3.5.1. Argentina
9.3.5.2. Brazil
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Feed Additives Market, By Product Type 2020 to 2027
9.4.2. Europe Feed Additives Market, By Livestock 2020 to 2027
9.4.3. Europe Feed Additives Market, By Form 2020 to 2027
9.4.4. Europe Feed Additives Market, By Source 2020 to 2027
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. UK
9.4.5.3. France
9.4.5.4. Spain
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. MEA Feed Additives Market, By Product Type 2020 to 2027
9.5.2. MEA Feed Additives Market, By Livestock 2020 to 2027
9.5.3. MEA Feed Additives Market, By Form 2020 to 2027
9.5.4. MEA Feed Additives Market, By Source 2020 to 2027
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. Israel
9.5.5.3. Others
9.6. Asia-Pacific
9.6.1. Asia Pacific Feed Additives Market, By Product Type 2020 to 2027
9.6.2. Asia Pacific Feed Additives Market, By Livestock 2020 to 2027
9.6.3. Asia Pacific Feed Additives Market, By Form 2020 to 2027
9.6.4. Asia Pacific Feed Additives Market, By Source 2020 to 2027
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. India
9.6.5.4. South Korea
9.6.5.5. Others


10.  Competitive Environment and Analysis
10.1.   Major Players and Strategy Analysis
10.2.   Emerging Players and Market Lucrativeness
10.3.   Mergers, Acquisitions, Agreements, and Collaborations
10.4.   Vendor Competitiveness Matrix


11.   Company Profiles
11.1. Cargill Incorporated
11.2. BASF SE
11.3. Novozymes
11.4. Nutreco
11.5. Chr. Hansen Holding A/S
11.6. Evonik Industries
11.7. Archer Daniels Midland Company
11.8. Alltech Inc
11.9. Elanco Animal Health
11.10. DSM
11.11. Adisseo

 

Cargill Incorporated

BASF SE

Novozymes

 Nutreco

Chr. Hansen Holding A/S

Evonik Industries

Archer Daniels Midland Company

Alltech Inc

 Elanco Animal Health

 DSM

 Adisseo

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