Animal Feed Additive Market Report 2024 (Global Edition)

Global Animal Feed Additive Market Report 2024 Market Size Split by Product (Antibiotics, Vitamins, Vitamin A, Vitamin E, Vitamin B, Vitamin C, Other Vitamins, Antioxidants, Amino Acids, Tryptophan, L...

Animal Feed Additive Market Report Description

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Animal Feed Additive Market Insights Video

Competitive Landscape of the Animal Feed Additive Market

The competitive landscape of the Animal Feed Additive Market is characterized by a diverse array of global and regional players. Major companies like Cargill, ADM, and BASF dominate with extensive product portfolios and advanced technologies. Competition is driven by innovation in feed formulations, regulatory compliance, and sustainability. Key players invest heavily in R&D to develop effective and environmentally friendly additives. Smaller companies often focus on niche markets or regional specialties, adding to the market's dynamic nature.

December 2022: Adisseo Group has decided to purchase Nor-Feed and its subsidiaries to advance the development and registration of botanical additives for animal feed applications. (Source: https://www.adisseo.com/en/acquisition-of-nor-feed/) October 2022: The collaboration between Evonik and BASF granted Evonik non-exclusive licensing rights to Opteinics™, a digital tool designed to enhance understanding and minimize the environmental impact of the animal protein and feed sectors. (Source: https://www.basf.com/global/en/media/news-releases/2022/09/p-22-336) September 2022: Adisseo's new liquid methionine plant in Nanjing, China, with a production capacity of 180,000 tons, has commenced operations. This facility is among the largest for liquid methionine production worldwide, significantly enhancing the company's presence in the global market. (Source: https://www.adisseo.com/wp-content/uploads/2022/09/180000-ton-per-year-liquid-methionine-project-goes-into-operation.pdf)

Top Companies Market Share in Animal Feed Additive Industry: (In no particular order of Rank)

• Cargill
• Incorporated
• Archer Daniels Midland Company (ADM)
• Alltech
• Inc.
• BASF SE
• Evonik Industries AG
• DuPont de Nemours
• Inc.
• Novus International
• Inc.
• DSM Nutritional Products
• Kemin Industries
• Inc.
• Nutreco N.V.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Animal Feed Additive Market

Which Region Dominates the Animal Feed Additive Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's advanced livestock industry and high demand for quality meat and dairy products. The region's strong focus on animal health and food safety drives the adoption of innovative feed additives. Additionally, robust regulatory frameworks and significant investments in research and development further bolster market growth. The presence of major industry players and extensive distribution networks also contribute to North America's dominant position.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the Animal Feed Additive Market due to rising meat consumption driven by increasing incomes and population growth. Rapid expansion in livestock farming and advancements in farming practices boost demand for feed additives. Additionally, growing awareness of animal health and food safety, coupled with supportive government initiatives, accelerates market growth. The region's large agricultural base and emerging economies further contribute to its rapid expansion.

The current report Scope analyzes Animal Feed Additive Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Animal Feed Additive Market

According to Cognitive Market Research, the global Animal Feed Additive market size was estimated at USD 45142.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 18057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Animal Feed Additive market with a market size of USD 14247.00 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The nation's increased demand for high-quality meat, driven by rising consumer awareness of food safety and nutrition is driving the Animal Feed Additive market.
• The Canada Animal Feed Additive market had a market share of USD 2166.84 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada's advanced livestock farming practices and regulations is driving the Animal Feed Additive market.
• The Mexico Animal Feed Additive market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1643.19 million in 2024.

Europe Animal Feed Additive Market

According to Cognitive Market Research, the global Animal Feed Additive market size was estimated at USD 45142.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 13542.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• The United Kingdom Animal Feed Additive market had a market share of USD 2275.19 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Animal Feed Additive sales witness an upswing due to stringent regulations promoting animal health and food safety, coupled with high consumer demand for premium meat and dairy products.
• The France Animal Feed Additive market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1245.94 million in 2024.
• According to Cognitive Market Research, the German Animal Feed Additive market size was valued at USD 2681.47 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Animal Feed Additive surged due to the presence of major market players.
• The Italy Animal Feed Additive market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 1164.68 million in 2024.
• The Russia Animal Feed Additive market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 2099.13 million in 2024.
• The Spain Animal Feed Additive market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 1110.51 million in 2024
• The Luxembourg Animal Feed Additive market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 419.83 million in 2024.
• The Portugal Animal Feed Additive market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 284.40 million in 2024.
• The Greece Animal Feed Additive market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 162.51 million in 2024.
• Rest of Europe's Animal Feed Additive market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2099.13 million in 2024.

Asia Pacific Animal Feed Additive Market

According to Cognitive Market Research, the global Animal Feed Additive market size was estimated at USD 45142.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 10382.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Animal Feed Additive market size was valued at USD 4672.26 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Animal Feed Additive surged in China due to increasing meat consumption driven by rising incomes and population growth.
• The Japan Animal Feed Additive market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1432.83 million in 2024.
• The India Animal Feed Additive market had a market share of USD 1245.94 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's shift toward modern farming practices is driving the Animal Feed Additive market.
• The South Korean Animal Feed Additive market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 1038.28 million in 2024.
• The Australian Animal Feed Additive market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 539.91 million in 2024.
• The South East Asia Animal Feed Additive market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 716.41 million in 2024.
• The Rest of Asia Pacific Animal Feed Additive market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 737.18 million in 2024.

South America Animal Feed Additive Market

According to Cognitive Market Research, the global Animal Feed Additive market size was estimated at USD 45142.6 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 2257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Animal Feed Additive market size was valued at USD 966.05 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Animal Feed Additives flourished in Brazil due to expansion of the livestock industry, driven by increasing meat consumption and exports.
• Argentina's Animal Feed Additive market had a market share of USD 379.20 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's government initiatives supporting agricultural development augment the demand.
• Colombia Animal Feed Additive market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 200.88 million in 2024.
• Peru Animal Feed Additive market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 185.08 million in 2024.
• Chile Animal Feed Additive market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 162.51 million in 2024.
• The Rest of Latin America's Animal Feed Additive market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 363.40 million in 2024.

Middle East and Africa Animal Feed Additive Market

According to Cognitive Market Research, the global Animal Feed Additive market size was estimated at USD 45142.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 902.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Animal Feed Additive market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 386.42 million in 2024. Animal Feed Additive sales flourish due to the presence of major market players.
• The Egypt Animal Feed Additive market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 94.80 million in 2024.
• The South Africa Animal Feed Additive market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 142.65 million in 2024. Animal Feed Additive sales flourish in South Africa due to increasing demand for animal protein, driven by population growth and rising incomes.
• The Turkey Animal Feed Additive market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 77.65 million in 2024.
• The Nigeria Animal Feed Additive market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 94.80 million in 2024.
• The Rest of MEA Animal Feed Additive market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 106.54 million in 2024.

Animal Feed Additive Market Analysis

How are Segments Performing in the Global Animal Feed Additive Market?

Animal Feed Additive Market Product Segment Analysis

According to Cognitive Market Research, Antibiotics stands out as the dominant category. Antibiotics hold the largest market share in the Animal Feed Additive Market due to their widespread use in promoting animal growth and preventing disease. They effectively enhance feed efficiency and improve livestock health, leading to higher productivity. Despite increasing regulatory restrictions on antibiotic use, their historical dominance and proven benefits in controlling infections and boosting performance continue to drive their significant market share, although the industry is gradually shifting towards alternatives.

Vitamins are growing at the highest CAGR in the Animal Feed Additive Market due to their essential role in enhancing animal health, growth, and productivity. They support various physiological functions and help in disease prevention and feed efficiency. Increasing awareness of the benefits of balanced nutrition and the demand for high-quality animal products drive the need for vitamin-enriched feed. Moreover, advancements in vitamin formulations and their effectiveness contribute to their rapid growth in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Animal Feed Additive Industry. Request a Free Sample PDF!

Animal Feed Additive Market Source Segment Analysis

According to Cognitive Market Research, the dominant category is Natural. Natural sources captured the largest market share in the Animal Feed Additive Market due to increasing consumer demand for organic and sustainably produced animal products. Natural additives, such as plant-based and herbal ingredients, are preferred for their safety, reduced environmental impact, and alignment with holistic health approaches. Regulatory support for reducing synthetic additives and growing awareness of the benefits of natural alternatives further bolster their dominance in the market.

Synthetic sources are growing at the highest CAGR in the Animal Feed Additive Market due to their cost-effectiveness, consistency, and enhanced performance compared to natural alternatives. Advances in technology enable the production of high-quality synthetic additives that improve feed efficiency and animal health. Their precise formulation and ability to meet specific nutritional needs efficiently drive their adoption. Additionally, regulatory support and the demand for standardized, reliable feed solutions contribute to their rapid growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Animal Feed Additive Form Segment Analysis

Animal Feed Additive Market Form Segment Analysis

According to Cognitive Market Research, the dominant category is Dry. Dry form additives captured the largest market share in the Animal Feed Additive Market due to their convenience, long shelf life, and ease of handling. They are more stable and less prone to degradation compared to liquid forms, making them suitable for bulk storage and transportation. Additionally, dry additives facilitate precise dosing and integration into feed formulations, contributing to their widespread use. Their cost-effectiveness and versatility further reinforce their dominant position in the market.

Liquid form additives are growing at the highest CAGR in the Animal Feed Additive Market due to their ease of incorporation into feed and enhanced bioavailability. They allow for more precise dosing and quicker absorption, improving feed efficiency and animal health. The flexibility of liquid additives in blending with various feed types and their ability to target specific nutritional needs also contribute to their rapid growth. Additionally, advancements in formulation technology drive their increasing adoption..

• Dry
• Liquid

Animal Feed Additive Livestock Segment Analysis

Animal Feed Additive Market Livestock Segment Analysis

According to Cognitive Market Research, the dominant category is Pork/Swine. Pork/Swine livestock captured the largest market share in the Animal Feed Additive Market due to the high demand for pork products globally and the significant role of swine in the livestock sector. Swine farming benefits greatly from feed additives that enhance growth, improve feed conversion, and maintain health. The industry's focus on optimizing feed efficiency and productivity drives substantial investment in additives tailored for pork production, reinforcing their dominant market position.

Poultry livestock is growing at the highest CAGR in the Animal Feed Additive Market due to rising global demand for poultry meat and eggs. The industry's focus on improving feed efficiency, growth rates, and disease prevention drives significant investment in specialized additives. Innovations in feed formulations that enhance nutrient absorption and support overall health are particularly beneficial for poultry, contributing to their rapid growth in the market.

• Pork/Swine
• Poultry
• Cattle
• Aquaculture
• Other

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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