Feed additives are substances added to animal feed to enhance its nutritional value, improve animal health, and boost overall performance. These additives can include vitamins, minerals, amino acids, enzymes, probiotics, prebiotics, antioxidants, and other compounds. The global feed additives market size is estimated to be valued at USD 42.2 billion in 2023 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 5.8% from 2023 to 2028.
Key factors driving the growth of the feed additives market include:
Rising Demand for Animal Protein: As global populations continue to grow, there is an increasing demand for animal protein, driving the need for efficient and sustainable animal farming practices.
Livestock Health and Performance: Feed additives play a crucial role in improving the health and performance of livestock. They help optimize growth rates, feed efficiency, and overall production.
Disease Prevention: Some feed additives are used to prevent and control diseases among animals, reducing the need for antibiotics and supporting overall animal welfare.
Government Regulations: Stringent regulations regarding the use of certain additives, especially antibiotics, have led to increased demand for alternative and more sustainable feed additives.
Technological Advancements: Ongoing research and development in the field of animal nutrition have led to the introduction of new and innovative feed additives designed to address specific nutritional needs and challenges.
Consumer Awareness: Growing consumer awareness and concerns about the quality of animal products, as well as the environmental impact of livestock farming, have contributed to the demand for feed additives that promote sustainable and ethical practices.
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Role of Feed Additives in Animal Nutrition:
Feed additives are substances added to animal feeds to enhance the quality and nutritional content of the feed, improve the performance and health of animals, and sometimes to meet specific production goals. These additives can include a wide range of substances, such as vitamins, minerals, amino acids, enzymes, antioxidants, probiotics, prebiotics, and other bioactive compounds.
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Major brands described:
Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), CHR. HANSEN (Denmark), and TEGASA (Spain) are among the key players in the global feed additives market. To increase their company's revenues and market shares, companies are focusing on launching new products, developing partnerships, and expanding their production facilities. The key strategies used by companies in the feed additives market include geographical expansion to tap the potential of emerging economies, strategic acquisitions to gain a foothold over the extensive supply chain, and new product launches as a result of extensive research and development (R&D) initiatives.
Animal Feed Additives Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the animal feed additives market include BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., and Phibro Animal Health Corporation..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Animal Feed Additives Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/animal-feed-additives-market/download-sampleMarket DynamicsAnimal feed additives consumption will spur worldwide with a surge in meat product demand, growing concerns over meat quality, and rising safety issues with the outbreak of livestock diseases.
Share of meat-eaters is propelling due to high inclination towards protein-rich food, changing eating habits, and widening popularity of dishes offered.
However, raw material price fluctuation and low awareness among farmers in some regions are hampering the market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
The global animal feed additives market demand was over 256 kilo tons in 2015.
The key driver for increasing market penetration was due to rapid and fast consuming meat and other products processed from milk which is considered as one of the leading sources of protein and essential nutrients.Feed additives are the key components for the rapid improvement of metabolism in the livestock.
These constituents act as a catalyst by providing advantages such as improving weight gain, prevention of diseases, digestion, vitamin intake as well as enhances the quality of meat.Due to these specialty additional features to the finished product, the industry is estimated to witness tremendous growth for the addition of additives in the feed over the near future.
The main reasons for this are increasing meat consumption especially in Asia Pacific and Middle East which is expected to result for the significant increase in amino acids demand over the forecast period.Lysine is a key amino acid additive which is essential for growth of animals especially for swine and poultry.
Antibiotics emerged as the second largest product segment which accounts for around 26% of the total volume in 2015.
The poultry segment accounted for around 35% of the total feed additives demand in 2015.Cattle category accounted for approximately 29% of the total market value in 2015.
