Category

Feed Additives Market Size, Share, Opportunities, 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: Mar 2020 | Report Code:  KSI061610654 | Pages:  114

Feed Additives Market is projected to grow to US$40.108 billion by 2024 growing at a CAGR of 4.53% over the forecast period. Feed additive is incorporated into animal feed to enhance the nutritional level of the feed. They are added in the animal feed to:

Preserve feed’s nutritional characteristics before feeding- Mould inhibitors and anti oxidants 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 prevents oxidization of feed by preventing, rancidity of fats, destruction of vitamins A, D, and E, pigmenters (carotenoids), and amino acids resulting better biological energy values for the diet.

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

Facilitate growth- Antibiotics and hormones growth promotants helps in facilitating growth in the animals.

Facilitate feed ingestion and consumer acceptance of the product 

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

Market Dynamics

Global feed additive market is driven by rising consumption of livestock commodities. According to FAO, 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 of 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. Increasing livestock population coupled with a shift of the livestock industry from 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 of livestock products. Moreover, a sudden upsurge of animal diseases results in concern over animal’s health while boosting the feed additive market.

However, strict government regulations and rising raw material cost are hampering the 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 in livestock. For instance, Colistin and its formulations for food producing animals, poultry, aqua farming and animal feed supplements has been banned by Indian government according to section 26A of the Drugs and Cosmetics Act, 1940. The government reported that use of colistin in animal feed is ultimately impacting health of human beaings. Moreover, shift of consumers’ preference towards vegan food due to the growing concerns towards livestock may also hamper the market growth. Globally increasing popularity of vegan is expected to reduce the demand for livestock products thereby hampering the growth of the market. 

Market Segmentation 

Feed Additives Market has been segmented based on product, livestock, and geography. By product, the market is segmented into antibiotic, enzyme, vitamin, amino acid, antioxidant, acidifiers, minerals, and others. By livestock, the market is segmented into, aquatic animals, poultry, swine, cattle, and others. By form market is segmented as dry and liquid. On the basis of source market is segmented into synthetic and natural. Geographically, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. 

By Product Type

With the growth of livestock industry, market of feed additives antibiotics is also growing. Feed additives antibiotics have led to the growth in 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 the one who are already grown up. Tetracycline and Penicillin are popular feed additive antibiotics. Presence of appropriate enzymes decides the ability of organisms’ digestive systems. Feed additive enzyme helps in improving digestive system of animals. Carbohydrates, nonstarch polysaccharide (NSP) enzymes and phytases are some of the common commercial feed additive enzymes.

Vitamins are very vital for ensuring proper animal growth, reproduction and immune defense. It also helps in the production of quality poultry and livestock muscle and meat. Vitamin A, E, B, C, 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 infeed additives market. Besides, antioxidants prevents oxidization of feed by preventing, rancidity of fats, destruction of vitamins A, D, and E, pigmenters (carotenoids), and amino acids resulting better biological energy values for the diet. Ethoxyquin, BHA, and BHT are 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 in fulfilling physiological, structural and regulatory functions in animals. They help in formation of bones, teeth, osmotic regulation of body fluids, and various other functions. Minerals can be classified in micro and macro minerals.  

By Livestock

The market of aquatic fishes segment is growing on account of increasing number of farmed fishes to meet the increasing demand of fish meat. The market of poultry segment is boosting due to the globally surging demand for meat. The rapidly increasing production of chickens and others are increasing the requirement for feed additives and hence propelling the growth of the market. In addition, growing demand for dairy products around the globe is expected to be one of the prime drivers for the growth of the market for 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 is leading to growing demand for food additives for improving quality and yield of dairy products. Furthermore, increasing demand of swine for their flesh and increasing demand of animal protein is leading to the increasing use of feed additives for increasing the quality and yield of the swine. This is boosting the growth of the swine segment.

Geographically

Geographically, Asia Pacific region is expected to drive the global feed additive market due to 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, adoption and implementation of innovative animal husbandry practices in this region are expected to boost the feed additives demand in the region. 

Key Developments

  • Sept, 2019 - DSM introduces Bovaer®, the feed additive that enables farmers to achieve consistent methane reduction from cows by ~30%. 
  • Sept, 2019 - Anpario a UK based feed additive producer has announced its new fully automated bottling plant at its Manton Woods facility in UK.
  • July, 2019 - Fane Valley acquired an Irish feed producer Donegal
  • June, 2019 - Evonik commissions second complex for MetAMINO® production in Singapore
  • June, 2019 - DEINOVE and AVRIL completing the development of a natural feed additive.

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.

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
      • 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

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