Poultry Feed Additives Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Vitamins, Enzymes, Acidifiers, Amino Acids, Antibiotics, Others), By Poultry Type (Chicken, Turkey, Others), By Form (Liquid, Powder, Others), And By Geography - Forecasts From 2023 To 2028

The poultry feed additives market is projected to grow at a CAGR of 4.16% to reach US$14.02 billion in 2028 from US$10.537 billion in 2021.

One of the key factors propelling the expansion of the feed additives market is the outbreak of illnesses in poultry. Additionally, probiotics are being used in the livestock industry and by meat producers due to the increased awareness and increasing demand for animal nutrition, which is predicted to drive the global market for poultry feed additives. The population of livestock is also growing as a result of the predicted rise in consumer demand for poultry meat catalyzed by the growing world population. 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, which leaves room for improvement and boosts the market for poultry 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 industrialized on the global market, notably in the Asia-Pacific region.

Asia-Pacific to hold lucrative market opportunities

Chicken feed additives are anticipated to occupy a sizable share of the feed additives market, particularly in the Asia Pacific region, due to the rising demand for poultry meat caused by the consumption of processed poultry meat in nations like China, India, and Australia. For instance, in the fiscal year 2021–2022, Godrej Agrovet Limited produced about INR 43 billion in sales from the animal feed market. The business's animal feed division offered goods for cattle, poultry, fish, and specialty feed. Additionally, the Indian Ministry of Fisheries, Animal Husbandry & Dairy estimated that approximately 4.3 million metric tonnes of poultry meat were produced in India during the 2020 financial year, which was a considerable increase over the previous years. In that year, Maharashtra contributed the most to the production of poultry meat, followed by Haryana. Additionally, the OECD (Organisation for Economic Co-operation and Development) indicated that India consumed 3.5 million metric tonnes of poultry meat in 2017, and that number increased to 4.1 million metric tonnes by 2021. Due to the rising levels of household income in the area, the demand for processed meat and protein diets has been increasing, and this trend is projected to continue pushing the demand for feed additives. The use of feed additives will increase as a result of this fact in different chicken farms. Companies are concentrating on increasing their investment in R&D efforts as well as extending their production base in order to meet the growing demand for animal protein in the countries of the Asia-Pacific region. For instance, Japfa, India's top commercial provider of poultry feed, operates six technologically advanced feed mills. These advancements and the escalating demand for meat products are predicted to accelerate market expansion.

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.
• In June 2021, Biomin GmBH, global animal nutrition, and feed additives company declared its involvement in a USD 11.9 million, four-year research consortium project supported by the EU to address challenges in the production of pigs and poultry. With the aid of 3D graphics for better comprehension, the 3D'omics project sought to create a novel method for analyzing animal microbiome interactions at the microscale.
• In an effort to reduce antibiotic use in Malaysia while simultaneously increasing farm profitability, EW Nutrition introduced the Axxess® XY for poultry in the region in December 2020.
• The DSM-Novozymes Alliance debuted ProAct 360, a second-generation protease, in June 2021. This cutting-edge feed solution provided more consistent growth performance improvements, better matrix values for important amino acids, and faster action. The ProAct 360 demonstrates a 360-degree grasp of the demands placed on poultry producers, as well as the potential difficulties associated with their potential environmental footprint.

COVID-19 Impact on the Poultry Feed Additives Market

The market for poultry 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 certain feed 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 chicken feed 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.

Poultry Feed Additives Market Scope:

Segmentation:

• By type
  • Vitamins
  • Enzymes
  • Acidifiers
  • Amino Acids
  • Antibiotics
  • Others
• By poultry type
  • Chicken
  • Turkey
  • Others
• By form
  • Liquid
  • Powder
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • Others