Feed additives market is anticipated to grow at a CAGR of 5.2% during the forecast period. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food of animal origin, or to improve the animals’ performance and health. The growing health awareness for animals has created the demand for demand for quality meat. The recent disease epidemic in livestock has increased the concerns for use of feed additives with improved quality which is expected to drive the feed additives market growth. For instance, in August 2022, Ambala village triggered Lumpy Skin Disease, and 100 cattle got sick. The Lumpy Skin Disease (LSD) is caused by a virus known as the Capripoxvirus and is “an emerging threat to livestock globally”. Infected animals immediately start losing weight and lesions in the mouth, along with a reduced milk yield. Thus, the growing concern about improving the quality of feed and animal performance will directly impact the feed additives market during the forecast period.
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The global feed additives market is segmented based on product, livestock, and source. Based on the product, the market is augmented into antioxidants, amino acids, vitamins, feed enzymes, feed acidifiers, antibiotics, minerals, mycotoxin binders, phytonutrients, and others. Based on the livestock, the market is further sub-segmented into poultry, cattle, pork, aquaculture, and others. Based on the source, the market is bifurcated into synthetic and natural. The above-mentioned segments can be customized as per the requirements. By source, the synthetic sub-segment is expected to provide lucrative growth to the market over the forecast period. The ease of availability, lower production cost, and stronger market penetration compared to natural are the factors attributing to the growth of the feed additives market during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Feed Additives Market by Product
- Antioxidants
- Amino Acids
- Vitamins
- Feed Enzymes
- Feed Acidifiers
- Antibiotics
- Minerals
- Mycotoxin Binders
- Phytonutrients
- Probiotics
- Others
Global Feed Additives Market by Livestock
- Poultry
- Cattle
- Pork
- Aquaculture
- Others
Global Feed Additives Market by Source
- Synthetic
- Natural
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Adisseo Group
- Ajinomoto Co., Inc.
- Alltech Inc.
- Archer Daniels Midland Co.
- BASF SE
- Bentoli Inc.
- Cargill Inc.
- Centafarm SRL
- Hansen A/S
- DuPont de Nemours, Inc.
- Evonik Industries AG
- Global Nutrition International
- Kemin Industries, Inc.
- Koninklijke DSM N.V.
- Novozymes A/S
- Novus International Inc.
- NUQO Food Additives
- Nutreco N.V.
- Palital Feed Additives B.V.
- Tecnica Ganadera, SL
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global feed additives market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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