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 2023 To 2028

The feed additives market is projected to grow to US$37.195 billion by 2028 from US$23.201 billion in 2021, with a CAGR of 6.98% over the forecast period.

Feed additives are substances added to animal feeds to improve the quality and nutritional value of the feed or to enhance animal performance and health. The increasing demand for livestock products, followed by increased consumption, is significantly driving this market growth. Feed additives play a crucial role in addressing nutrient deficiencies, enhancing digestion, supporting immunity, and preventing disease, which all contribute to improved animal performance. There is a growing awareness of the importance of proper animal nutrition and health for optimal production and well-being, which is also accelerating the market.

Increasing Milk Production

Factors propelling market expansion are the rising production and consumption of milk necessitating the feed additives demand to increase the overall production. For instance, the total milk production in India increased from 210 million tons in 2021 to 221.1 million tons in 2022, as per the MoFAHD reports. Additionally, product launches are also driving market expansion. For instance, Evonik launched the first plant-based feed additive named PhytriCare® IM in February 2023. It is developed to prevent an overshooting of inflammatory reactions in sows, laying hens, and dairy cows.

Rising Consumption of Animal Products

The growing global population, rising disposable incomes, and changing dietary preferences have increased demand for animal-derived protein products like meat, milk, and eggs. The increasing consumption of these products necessitates the consumption of good-quality animal feed to improve their health and overall production. For instance, according to the US FAO, global chicken meat production increased from 101 million tons in April 2021 to 103.5 million tons in April 2023. Moreover, Brazil's beef exports increased by 1% in April 2023 compared to last year, according to the same source. Additionally, the total beef and veal production also increased from 57.6 million metric tons in 2020 to 58.4 million metric tons in 2021, as per the US FAO reports.

Expanding Aquaculture Industry

The intensification of livestock and aquaculture production, particularly in developing regions, has necessitated the use of feed additives to maximize productivity and profitability in confined production systems. Using appropriate feed additives can contribute to better fish welfare by ensuring that the nutritional needs of the fish are met, reducing the risk of malnutrition or deficiencies. Therefore, the expanding aquaculture industry is one of the major growth drivers of the feed additives market. The demand for seafood is driving a rapid expansion of aquaculture.  For instance, the total aquaculture production accounted for 122.6 million tons in 2020 which was an increase of around 6.7 million tons from 2018, as per the US FAO reports. The total aquaculture production mostly comprised products for human consumption, with nearly 87.5 million tons of production for human use in 2020.

Asia Pacific is Expected to Grow Considerably

The growing efforts to improve animal nutrition coupled with the well-established presence of major feed additives producers in bolstering the regional market growth. The booming demand for animal-source protein in India has propelled the consumption of major livestock products such as beef which is expected to provide a positive outlook to the market demand for feed additives in India to improve cattle’s health and their meat quality. As per USDA, India’s estimated cattle products consumption consisting of beef, veal, and meat was recorded at 2.96 MMT, thereby signifying a 2% increase over 2022’s and 6.5% over 2021’s consumption scale. Furthermore, as per the same source, the total beef productivity in India is expected to reach 4.44 million metric tons in 2023, thereby showing a 5.9% increase over 2021.

Feed Additives Market Scope:

Market Segmentation:

• By Product Type
  • Antibiotic
    • Tetracycline
    • Penicillin
  • Enzyme
    • Carbohydrates
    • Phytases
    • Others
  • Vitamins
    • Vitamin A
    • Vitamin E
    • Vitamin B
    • Vitamin C
    • Vitamin D
    • Others
  • Amino Acid
    • DL-Methionine
    • L-Lysine HCI
    • 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
    • By Product Type
    • By Livestock
    • By Form
    • By Source
    • By Country
      • United States
      • Canada
      • Mexico
  • South America
    • By Product Type
    • By Livestock
    • By Form
    • By Source
    • By Country
      • Argentina
      • Brazil
      • Others
  • Europe
    • By Product Type
    • By Livestock
    • By Form
    • By Source
    • By Country
      • Germany
      • UK
      • France
      • Spain
      • Others
  • Middle East and Africa
    • By Product Type
    • By Livestock
    • By Form
    • By Source
    • By Country
      • Saudi Arabia
      • Israel
      • Others
  • Asia Pacific
    • By Product Type
    • By Livestock
    • By Form
    • By Source
    • By Country
      • China
      • Japan
      • India
      • South Korea
      • Others