Animal Feed Additives Market

Feed additives are supplements that are added in feed of livestock to improve the nutritional level of the farm animals. Feed additives contain amino acids, fatty acids, minerals, and vitamins which helps in growth of the animals at a healthy rate. The nutritional level of the animal feed depends on its nutritional content and also depends upon other factors such as hygiene, digestibility, feed presentation, and effect on colonic health. Farm animals’ diet consist of maize, soybean, and wheat along with high quality feed, which should contain carbohydrates, fats and proteins in particular. Increasing consumer knowledge on animal feed and prevention against diseases caused by meat consumption such as bird flu, etc. and growing meat industry in Asia Pacific and Europe is the key factor for growth of the global animal feed additives market during 2022-2030. The animal feed additive market is expected to expand at a CAGR of 2.9% during the forecast period.

Market Dynamics

Increasing demand for feed enzymes and feed grade vitamins and growing demand for low volume with higher value specialty animal feed products drive demand for organic trace minerals which is expected to propel demand for animal feed additives in market during the forecast period. Other factors such as declining cost of production of feed enzymes and growing importance for swine and poultry drives the feed amino acids, and increasing consumption and production of pork benefits demand for global animal feed additive market.

Asia Pacific is expected to show a significant growth in 2021 and the trend is expected to remain the same during 2022-2030. Increasing demand for feed additives due to rise in demand for white meat, farmers awareness and increase in livestock industrialization over last decade, is the major driving force to position Asia Pacific as one of the largest region in the global animal feed additive market. Increase in urban population coupled with healthcare awareness is gaining traction for high quality protein from meat and increasing consumption of aquatic and meat products. These are some of the factors which are expected to create opportunities for major market players and drive the animal feed additive market during the forecast period. Western Europe market is also expected to experience significant growth and is projected to exhibit a CAGR of 2.6%, during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of global animal feed additives market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global animal feed additives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include BASF SE, Koninklijke DSM N.V., Danisco Animal Nutrition, Evonik Industries AG, Addcon Group, Cargill Inc., ADM Animal Nutrition, Adisseo France, Kemin Industries, Nutreco N.V. and Novozymes A/S
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global animal feed additives market report caters to various stakeholders in this industry including investors, suppliers, Animal Feed Additives manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global animal feed additives market.

Detailed Segmentation:

• Global Animal Feed Additives Market, By Product Type :
  • Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acids
  • Enzymes
  • Acidifiers
  • Others
• Global Animal Feed Additives Market, By Livestock:
  • Pork/Swine
  • Poultry
  • Cattle
  • Aquaculture
  • Others
•  Global Animal Feed Additives Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Koninklijke DSM N.V.
  •  Danisco Animal Nutrition
  •  Evonik Industries AG
  •  Addcon Group
  •  Cargill Inc.
  •  ADM Animal Nutrition
  •  Adisseo France
  •  Kemin Industries
  •  Nutreco N.V.
  •  Novozymes A/S

“*” marked represents similar segmentation in other categories in the respective section