Animal feed additives market

Additives are natural or chemical substances added to preserve or improve the quality of food or a product. Feed additives are additives, specifically used in animal nutrition, to enhance the feed quality and digestibility in order to prevent diseases and improve quality of meat or food obtained from animals.

Global animal feed additives market was valued at US$ 16,331.4 Million in 2021 in terms of revenue, exhibiting a CAGR of 2.9% during the forecast period (2022 to 2030).

Drivers

Farm animals are provided with a variety of additives such as sensory additives, nutritional additives, zootechnical additives, and coccidiostats and histomonostats. Sensory additives help stimulate the appetite of animals, allowing them to eat more, while nutritional additives provide specific nutrients to nutrient-deficient animals. Zootechnical additives are added to the feed to improve health and performance of animals, and coccidiostats and histomonostats are antibiotics used to prevent bacterial and microbial growth in the feed. Stringent regulations by the European commission have banned the use of coccidiostats and histomonostats, replacing them with probiotic alternatives. Regulation (EC) No 1831/2003 of the European Parliament and of the Council on additives for use in animal nutrition, banned coccidiostat on December 31, 2012. This has prompted various developments to find natural alternatives to coccidiostats in histomonodial and anticoccidial drugs, which help control Eimeria infections. Some of the recent discoveries are the use of vaccines and other alternatives such as sulfonamide, nicarbazin, and amprolium. Unattenuated vaccines such as Coccivac, Advent, Immucox, and Inovocox, and attenuated vaccines such as Paracox and HatchPak CocciIII are widely used. Consumption of livestock such as poultry, swine, and cattle is growing as it constitutes a protein rich diet. This is expected to drive growth of the global animal feed additives market in the near future. Feed additives are increasingly being used to meet the nutritional levels required for metabolism that enables weight gain of the animal, and prevents consumers from diseases such as bird flu and swine flu. This, in turn is a driving factor for the global animal feed additives market growth.

In terms of revenue, Europe, followed by Asia Pacific and North America, respectively, accounted for a major share in the global animal feed additives market in terms of revenue, in 2021 and the trend is estimated to remain the same over the forecast period. In 2021, Western Europe held a share of 27.0% in terms of revenue, followed by North America (23.1%). Growing consumer knowledge about quality meat and protein intake in Asia Pacific due to rising consumer awareness coupled with meat industry, is expected to drive growth of the global animal feed additives market over the forecast period. The enzymes segment in the global animal feed additives market is expected to witness a CAGR of 2.9% from 2022 to 2030.

Figure 1. Global Animal Feed Additives Market Value Share (%), By Region, 2021

Market Restraints

Animal feed additives labelled 'organic' are specifically used by livestock. To maintain necessary amount of nutrients in the animal feeds a regulatory body was formed, the United States Department of Agriculture, Code (592) Feed Management. They regulated provisions not to exceed the quantity of nitrogen and phosphorus nutrients supply required by livestock and poultry for maintenance, production, performance, and reproduction. The normal bird feeds have insufficient amount of methionine, a proteinogen amino acid required for feather growth in birds, therefore synthetic methionine is added to ensure proper feathering of birds. The United States Department of Agriculture (USDA) advised against the use of ‘organic’ labelling in the poultry feeding on synthetic methionine. A new rule was formulated by the United States Department of Agriculture USDA which strictly asked manufacturers to reduce the standard limit of synthetic methionine in organic poultry. A list of registered products that could be permitted as additives in animal nutrition is issued by European Union and Switzerland. They include: a) substances as antioxidative effects, b) emulsifiers, stabilizers (organic acids), c) coloring substances, d) probiotics, e) enzyme mixtures, f) performance promoters (only antibiotics, others banned since 1st January 1999), g) vitamins and provitamins, and h) trace elements.

Market Trends

Asia Pacific is expected to be the most lucrative market during the forecast period, due to increase in grain demand for food production with low availability of land and water resources, which has resulted in growth of the meat industry, which is expected to affect the animal feed additive in the global market. Feed additive acts as a catalyst, which prevents diseases in animals and improves the vitamin intake, weight gain, digestion, and enhances the quality of meat. Owing to these factors and to control diseases such as avian influenza and bird flu, the addition of feed additives is expected to drive the global animal feed additive market over the forecast period.

Figure 2. Global Animal Feed Additives Market Value Share (%), By Product Type, 2021

On the basis of product type, the antibiotics segment was valued at US$ 2,462.9 million (revenue) in 2021, which is expected to expand at a CAGR of 1.8%,

Recent Developments

• In May 2019, BASF SE is a German multinational chemical company and the largest chemical producer in the world. Started operations for a new animal additives plant in China to cater to the increasing product demand in the Asia Pacific region.
• In In February 2021, Kemin Industries supplies specialty ingredients for human and animal health and nutrition, pet food, aquaculture, nutraceutical, food technologies, launched a product named KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets
• In July 2020, ADM is an American multinational food processing and commodities trading corporation launched NutriPass L, an encapsulated lysine supplement that is rumen-stable and intestinally available to cows. Through effective encapsulation, NutriPass supplies a consistent and stable supply of metabolizable lysine for lactating cows and growing cattle.

Competitive Section

Major players operating in the global animal feed additives market 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 

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 Product Type :
      • Antibiotics
      • Vitamins
      • Antioxidants
      • Amino Acids
      • Enzymes
      • Acidifiers
      • Others
    • By Livestock
      • Pork/Swine
      • Poultry
      • Cattle
      • Aquaculture
      • Others
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Product Type :
      • Antibiotics
      • Vitamins
      • Antioxidants
      • Amino Acids
      • Enzymes
      • Acidifiers
      • Others
    • By Livestock
      • Pork/Swine
      • Poultry
      • Cattle
      • Aquaculture
      • Others
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Product Type :
      • Antibiotics
      • Vitamins
      • Antioxidants
      • Amino Acids
      • Enzymes
      • Acidifiers
      • Others
    • By Livestock
      • Pork/Swine
      • Poultry
      • Cattle
      • Aquaculture
      • Others
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Product Type :
      • Antibiotics
      • Vitamins
      • Antioxidants
      • Amino Acids
      • Enzymes
      • Acidifiers
      • Others
    • By Livestock
      • Pork/Swine
      • Poultry
      • Cattle
      • Aquaculture
      • Others
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Product Type :
      • Antibiotics
      • Vitamins
      • Antioxidants
      • Amino Acids
      • Enzymes
      • Acidifiers
      • Others
    • By Livestock
      • Pork/Swine
      • Poultry
      • Cattle
      • Aquaculture
      • Others
    • By Country/Region:
      • Middle East
      • Africa