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

  • Published : Aug 2023
  • Report Code : KSI061610654
  • Pages : 225

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:


Report Metric Details
Market Size Value in 2021 US$23.201 billion
Market Size Value in 2028 US$37.195 billion
Growth Rate CAGR of 6.98% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
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, Nutreco, Chr. Hansen Holding A/S, Evonik Industries, Archer Daniels Midland Company, Alltech Inc, Elanco Animal Health, DSM, Adisseo
Customization Scope Free report customization with purchase


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

Frequently Asked Questions (FAQs)

The global feed additives market is projected to reach a market size of US$37.195 billion by 2028.
Feed Additives Market was valued at US$23.201 billion in 2021.
The feed additives market is projected to grow at a CAGR of 6.98% over the forecast period.
The increasing demand for livestock products followed by the increased consumption is significantly driving the feed additives market growth.
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.


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Design

2.2. Research Data

2.3. Validation


3.1. Key Findings


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Antibiotic

5.2.1. Tetracycline

5.2.2. Penicillin

5.3. Enzyme

5.3.1. Carbohydrates

5.3.2. Phytases

5.3.3. Others

5.4. Vitamins

5.4.1. Vitamin A

5.4.2. Vitamin E

5.4.3. Vitamin B

5.4.4. Vitamin C

5.4.5. Vitamin D

5.4.6. Others

5.5. Amino Acid

5.5.1. DL-Methionine

5.5.2. L-Lysine HCI

5.5.3. L-Threonine

5.5.4. L-Tryptophan

5.6. Antioxidant

5.6.1. Ethoxyquin

5.6.2. BHA

5.6.3. BHT

5.7. Acidifiers

5.7.1. Inorganic

5.7.2. Organic

5.7.3. Compound

5.8. Minerals

5.8.1. Micro

5.8.2. Macro 

5.8.3. Others


6.1. Introduction

6.2. Aquatic

6.3. Poultry

6.4. Swine

6.5. Cattle

6.6. Others


7.1. Introduction

7.2. Dry

7.3. Liquid


8.1. Synthetic

8.2. Natural


9.1. Introduction

9.2. North America

9.2.1. By Product Type

9.2.2. By Livestock

9.2.3. By Form

9.2.4. By Source

9.2.5. By Country United States Canada Mexico

9.3. South America

9.3.1. By Product Type

9.3.2. By Livestock

9.3.3. By Form

9.3.4. By Source

9.3.5. By Country Argentina Brazil Others

9.4. Europe

9.4.1. By Product Type

9.4.2. By Livestock

9.4.3. By Form

9.4.4. By Source

9.4.5. By Country Germany UK France Spain Others

9.5. Middle East and Africa

9.5.1. By Product Type

9.5.2. By Livestock

9.5.3. By Form

9.5.4. By Source

9.5.5. By Country Saudi Arabia Israel Others

9.6. Asia Pacific

9.6.1. By Product Type

9.6.2. By Livestock

9.6.3. By Form

9.6.4. By Source

9.6.5. By Country China Japan India South Korea Others


10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix


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




Chr. Hansen Holding A/S

Evonik Industries

Archer Daniels Midland Company

Alltech Inc

Elanco Animal Health