Animal Feed Additives Market Size
additives for animal feed Market size is expected to rise at 4.2% CAGR from 2023 to 2032 after surpassing USD 22 billion in 2022. In the sectors of aquaculture and cattle, the animal feed additives are rather vital. Added to animal feed, feed additives raise digestibility, nutritional worth, palatability, and animal health. Products including Antioxidant, Pigments, Enzymes, Flavours, Sweeteners, Probiotics, Vitamins and amino acids help one classify these additions.
To get key market trends
Disposable incomes, urbanization, and worldwide population growth are driving demand for animal protein—including meat, dairy, and eggs. Rising demand forces feed additives to improve animal health, growth, and productivity, so driving the rise of the industry.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Animal Feed Additives Market Size in 2022 | USD 22.78 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.3 % |
| 2032 Value Projection | USD 34 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 2,000 |
| Tables, Charts & Figures | 3,504 |
| Segments covered | Product, application, region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
In order to guarantee optimum output and reduce the danger of disease, animal nutrition and health are getting more and more importance. Feed additives are necessary to solve nutritional shortfalls, enhance immunological function, increase feed efficiency, and promote general animal welfare, so enhancing animal adoption.
COVID-19 impact
The market for animal feed additives has suffered with the COVID-19 epidemic. The outbreak caused disruptions to worldwide supply lines, which made it difficult to get and distribute raw components for feed additives. Lockdowns, labour shortages, and transit limitations affected the manufacture and distribution of feed additives.
Animal Feed Additives Market Trends
Customers growing knowledge of the safety and quality of animal products drives higher demand for natural and organic feed additives. Animal welfare and health are of shared interests for consumers and producers. This is why feed additives supporting gut health, immune system performance, and general animal performance are increasingly under attention. Organic acids, prebiotics, probiotics, and enzymes are used in order to reach these targets.
Use of antibiotic growth promoters in animal feed has dropped due to consumer demand for meat free of antibiotics and regulatory limitations. Antibiotics are no longer required, hence there are now possibilities for other additives that improve animal health and performanceprobiotics, prebiotics, essential oils, organic acids, etc.
Technical developments and continuous research have produced new feed additives with improved efficacy and safety. For example, encapsulation techniques guarantee the targeted release of fragile components in the digestive system and safeguard them.
Animal Feed Additives Market Analysis
Learn more about the key segments shaping this market
The animal feed additives market size from product segment accounted for USD 21.5 billion in 2022. Animal health and welfare are issues that both consumers and producers are concerned about. Due to this, feed additives that promote gut health, enhance immune system function, and improve overall animal performance are increasingly receiving attention.
Learn more about the key segments shaping this market
In the future years, it is anticipated that the animal feed additives market in the U.S. would continue to rise significantly. Several elements support its growth
The demand for animal protein is being driven by increasing meat consumption. Animal feed additives are required as a result of the increase in demand for meat and dairy products in order to improve the nutritional value and general health of livestock and aquaculture species. Furthermore, as people become more aware of the function and dynamics of food nutrients, particularly protein, in general physical and mental growth and development, there is a growing preference for animal-sourced protein in the form of meat, eggs, or milk. This encourages the use of feed additives in feed since they improve nutritional quality.
Animal feed additives Market Share
Some of the major companies operating in animal feed additives market are
- Alltech Inc.
- Biomin Holdings GmbH
- Dr. Eckel GmbH
- Impextraco
- IPTSA (Industrial Técnica Pecuaria)
- Kemin Industries
- Lucta
- MIAVIT GmbH
- Novus International, Inc.
- Nutriad
- DSM
- BASF SE
- Dupont
- Cargill
- Archer Daniels Midland Company (ADM)
- Nutreco N.V.
These companies have a global presence, they invest in research and development, and provide wide range of feed additives.
The animal feed additives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments
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Market, By Product
- Antioxidant
- Pigments
- Enzymes
- Flavors
- Sweeteners
- Probiotics
- Vitamins
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Austria
- Belgium
- Croatia
- Serbia
- Bulgaria
- Romania
- Bosnia
- Hungary
- Macedonia
- Albania
- Belarus
- Ukraine
- Poland
- Denmark
- Asia Pacific
- China
- India
- Vietnam
- Thailand
- Pakistan
- Uzbekistan
- Indonesia
- Latin America
- Brazil
- Paraguay
- Argentina
- Uruguay
- Peru
- Chile
- Venezuela
- Colombia
- Ecuador
- Middle East & Africa
- Africa
- Saudi Arabia
- Turkey
- Iran
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