Liquid Feed Additives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Protein, Minerals, Vitamins, Enzymes, Others), By Ingredient (Corn, Urea, Molasses, Others), By Animal Type (Poultry, Swine, Ruminant, Aquatic, Others), And By Geography - Forecasts From 2023 To 2028

The by-products from a variety of sources, including plants and animals, are combined to create liquid feed additives, which are then fed to the animals. The market for liquid feed additives is anticipated to expand significantly throughout the forecast period due to improved animal digestion and lower by-product expenses. One of the key factors propelling the growth of the liquid feed additives market is the emergence of animal diseases around the world. Additionally, probiotics are being used by the livestock industry and meat producers due to the increased awareness and increasing demand for animal nutrition, which is predicted to drive the liquid feed additives market globally. Also contributing to the expansion of the livestock population is the likeliness that as the world's population rises, consumer demand for meat and other animal products would rise. In addition, food safety has emerged as a crucial issue for many countries worldwide, particularly in North America and Europe. For instance, the European Food Safety Authority (FSA) and the US Food and Drug Administration (FDA) both place tight regulations on the quality of meat, providing a lucrative opportunity for improvements that would fuel the market for liquid feed additives. Every country's and animal group's livestock output has increased to meet the demands of the population's shifting dietary habits, particularly in developing countries. While many farmers in developing nations like India and China continue to operate on a small, marginal scale, the livestock industry is becoming more industrialised on the global market, notably in the Asia-Pacific region.

Rising meat consumption and animal-derived products to drive growth

Producers have modified their production practices in response to the increased demand for meat from consumers worldwide. Livestock farmers also encounter a significant problem in producing high-quality, hygienic meat while meeting the expectations of the meat processing sector. For instance, the OECD (Organisation for Economic Co-operation and Development) indicated that per capita consumption of poultry meat in Russia increased to 31.7 kg in 2019 from 29.5 kg in 2016. The demand for meat production is increasing as a result of expanding meat consumption, which has further raised the demand for these types of additives due to their nutritional value. According to the OECD, the United Kingdom's consumption of poultry meat climbed from 27.8 kg in 2016 to 28.3 kg in 2019. A per capita consumption of 17 kg made pork the second most consumed meat in 2019. Additionally, owing to the rising meat consumption in the European region, the production of pig meat grew from 23 million tonnes in 2020 to 23.4 million in 2021, according to Eurostat. The meat and poultry industries are also said to make up the largest portion of US agriculture, according to data from the North American Meat Institute. In addition, India has a sizable market base for dairy goods when it comes to derivative products. The National Dairy Development Board predicts that by 2030, India's demand for dairy products will amount to 266.5 million metric tonnes. As a result, it is anticipated that meat output would increase along with rising meat consumption, which will likely have a substantial global impact on the market for liquid feed additives.

Key developments

• BASF SE introduced Natupulse TS, a novel enzyme ingredient, for chicken feed in December 2021, which is a non-starch polysaccharide enzyme, available in powder as well as liquid form. The addition of ß-mannanase to the feed improves the feed's digestibility, reduces digestion viscosity, and promotes more sustainable output.
• The ADM (Archer Daniels Midland) Company announced its intention to stop producing dry lysine in the first half of 2021 in December 2020. Instead, ADM Animal Nutrition intended to concentrate on l-lysine liquid 50% and encapsulated lysine goods. ADM helped swine and poultry feed manufacturers make the switch to liquid lysine until 2020.
• In February 2019, as part of its USD 240 million investment plan, Cargill spent USD 20 million to develop a premix plant in Kota, India, assisting farmers in improving animal health and production through its wide variety of liquid feed additives.
• In August 2020, BASF introduced a new generation of phytase products, Natuphos E, for the feed business in Japan, expanding the company's offering of liquid additives in that area.

COVID-19 Impact on the Liquid Feed Additives Market

The market for liquid feed additives was significantly affected by the COVID-19 outbreak. The meat sector suffered during that time as a result of restaurant closures during the lockdown and a change in consumer consumption habits. Less feed was produced as a result of this adverse effect, which also decreased the need for these types of additives. The pandemic also had an impact on the supply chain and the production process, which caused significant losses for businesses. It had a significant effect on the feed business because the lockout caused many feed companies to close. The demand for these additives decreased as a result of the closure of feed factories. However, the industry is anticipated to expand steadily with bettering of the overall situation and the resumption of these services.

Liquid Feed Additives Market Scope:

Segmentation:

• By type
  • Protein
  • Minerals
  • Vitamins
  • Enzymes
  • Others
• By ingredient
  • Corn
  • Urea
  • Molasses
  • Others
• By animal type
  • Poultry
  • Swine
  • Ruminant
  • Aquatic
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others