Feed Additives Market Report 2024 (Global Edition)

Global Feed Additives Market Report 2024 Market Size Split by Product Type (Vitamins, Minerals, Amino Acids, Antibiotics, Binders, Enzymes, Antioxidants, Acidifiers, Others), by Livestock (Cattle, Po...

Feed Additives Market Report Description

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Competitive Landscape: The Feed Additive Market

The market of Feed Additive includes intense competition between key players The product's quality has a big influence on the number of manufacturers and distributors, where they are located, and how competitive the market is. Increasing their production capacity is a top priority for many participants and stakeholders. Over the past five years, major firms in the sector, such as DSM, BASF, and Evonik, have been particularly active in M&A. These businesses provide a large range of products. Prominent companies do research and development to provide their customers with high-quality products. The number of producers and distributors, their geographic locations, and the quality of the product all have a significant impact on the level of competition in the worldwide market. Many participants and stakeholders are focusing on expanding their manufacturing capabilities as well.
Local production lowers operational costs and is one of the main business strategies used by feed additives producers to benefit customers and increase market share. Some of the biggest advances in medicine have come from the feed additives business in recent years.
For instance, In February 2021, Novozymes, a global biotechnology company specializing in enzymes and microbial solutions, made a significant move in the competitive landscape of Feed Additive additives. Novozymes announced the acquisition of MicroBiome Technologies LLC, a leading developer of microbial solutions for animal health and nutrition. This acquisition strengthened Novozymes' portfolio of feed additive products, particularly in the area of probiotics and microbial solutions for animal well-being.
Source:(https://www.novozymes.com/en/news/novozymes-acquires-microbiome-labs-and-adds-strong-position-north-american-probiotics-market#:~:text=Novozymes%20is%20acquiring%20100%25%20of,the%20up%2Dfront%20cash%20payment.)
 

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

• Adisseo
• ADM
• Ajinomoto
• Alltech Inc.
• ANOVA Group
• BASF
• BIOMIN Holding GmbH
• Cargill Inc.
• Centafarm SRL
• Chr. Hansen Holding
• DSM
• DuPont
• Evonik Industries
• Kemin Industries
• Inc.
• Novozymes
• Olmix Group
• TEGASA
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*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 Feed-Additive Market

Which Region Will Dominate the Market in 2024?

According to Cognitive Research, the Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future. Due to a large part of the region's strong agricultural economy and high concentration of livestock farming activities, the Asia Pacific area became the market leader for animal feed additives worldwide in 2023. The need for animal feed additives to increase the nutritional content of feeds and the general health of animals is always high due to the large population involved in agriculture and animal husbandry. Moreover, the demand for meat and dairy products is expanding in many Asia Pacific nations due to population growth and increased disposable incomes. The demand for animal-derived goods has increased dramatically, which has increased the demand for effective and superior animal nutrition and accelerated the use of feed additives.
The Asia Pacific region's governments and regulatory authorities have taken action to encourage the use of safe and efficient animal feed additives, which is driving the market's expansion even further. A greater reliance on scientifically prepared feeds has resulted from the widespread use of intensive and industrialized agricultural methods in Southeast Asian, Chinese, and Indian nations. This has boosted demand for additives to improve feed efficiency and productivity. 

Which Region Is Expanding at The Fastest CAGR?

North America is projected to be the fastest expanding region with a CAGR of XX% from 2024 to 2031. North America is expected to grow with a significant CAGR since there is a growing awareness and emphasis on animal welfare and health. As a result, the use of cutting-edge nutritional techniques—such as adding premium feed additives—has expanded. The need for additives that improve the nutritional value of animal feeds is being driven by consumers' growing concerns about the safety and quality of animal products in North America. The market for feed additives targeted at enhancing feed efficiency, growth rates, and overall animal performance has grown significantly in North America due to the widespread use of intensive livestock farming methods, especially in the production of pigs and poultry.
 

The current report Scope analyzes Feed Additives 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.

Feed Additives Market Analysis

Segment Performance in The Feed-Additive Market

Product type Segment Analysis

Since amino acids are the building blocks of proteins that are necessary for the growth, development, and general health of animals, the amino acids segment led the animal feed additives market in 2023, securing the largest market share. Since animals cannot frequently manufacture all the amino acids they require on their own, they must get them from their food. To ensure that animals obtain a full nutritional supply, amino acids are frequently added to animal feed additives to balance and supplement the amino acid content of the feed.
This is especially crucial for intensive animal farming methods, as achieving optimal growth rates and increased output requires high-quality feed that is nutritionally balanced. Amino acid-based additions are in high demand in the animal feed additives market due to the focus on optimizing animal performance and increasing feed efficiency. 
 

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 Feed Additives Industry. Request a Free Sample PDF!

Livestock Segment Analysis

The global market is dominated by the poultry segment. Birds raised by humans for their eggs, meat, feathers, or labor are referred to as "poultry". All around the world, poultry is grown, with chickens producing the most. The growing human population and increased need for nutrient-dense food have caused an acceleration of the worldwide chicken farming sector. Furthermore, the expansion of chicken farming has made it possible to produce high-quality chicken meat, eggs, and poultry bioproducts at a reasonable cost. The employment of feed additives, whether they be natural or synthetic, has proven crucial to the health and productivity of chickens raised for food, which has in turn fueled market expansion.
Cattle are becoming more and more popular worldwide. Cattle products, such as milk and meat, are in high demand because they are vital sources of protein for human diets. Dairy products and milk are in continual demand. Cattle thus need to be given all the necessary nutrients, trace elements, and health supplements for improved growth performance to fulfill the increasing demand for animal-based goods. Regular animal diets produce more, but to boost the cattle's general health and productivity, certain feed additives need to be added. 

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

Feed Additives Form Segment Analysis

Form Segment Analysis

The dry form of animal feed additives is expected to dominate the market. The ease of handling, storing, and transporting dry animal feed additives—such as powders, granules, and pellets—has drawn attention. Throughout the feed production process, the dry form ensures uniform distribution and precise dosing since it is simple to include in different kinds of animal feed. This leads to improved precision in fulfilling the dietary needs of animals. Moreover, compared to their liquid counterparts, the dry form of animal feed additives offers better stability and shelf life. This stability is crucial to preserving the additives' efficacy over time, particularly when the product is being transported or stored and exposed to outside elements that may degrade its quality. Because easy storage minimizes the need for specialized facilities and lessens the danger of spoiling or deterioration, it also saves money for producers and end users.
Furthermore, the dry form offers formulation flexibility, enabling the blending of many additives and active components into a single mix. The dry form of animal feed additives emerges as the favored option as the animal feed industry continues to focus on efficiency, accuracy, and cost-effectiveness; this helps to explain its predicted dominance in the market.

• Dry
• Liquid

Feed Additives Source Segment Analysis

Source Segment Analysis

Synthetic sources are projected to be dominating the market. When compared to natural substitutes, synthetic additives are frequently more economical to manufacture. Because of this, farmers and feed producers who want to minimize production costs find them appealing. Furthermore, the mix of feed may be more precisely controlled using synthetic items, guaranteeing a consistent nutritional content. This is essential for fulfilling certain dietary needs and producing consistent outcomes in animal husbandry.
Natural animal feed additives have become more and more in demand due to a number of factors, including customer preferences, legal requirements, and increased awareness of sustainability and environmental effects. Customers are becoming more aware of the safety and quality of the food they eat. Demand for goods that are thought to be natural, organic, and devoid of artificial ingredients is rising. There will be a greater need for natural feed additives as a result of this trend extending to animal products including meat, milk, and eggs.

• Natural
• Synthetic

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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Author's Conclusion