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Animal Feed Additives Market

Global Market Study on Animal Feed Additives: Poultry Industry to Drive Nearly Half of Overall Demand

Animal Feed Additives Market Segment By Amino Acids | Vitamin | Phosphates | Enzyme | Mycotoxin Binders | Antibiotics | Minerals | Antioxidants | Probiotics | Non-protein Nitrogen | Phytogenics Type in the Form of Powder, Granular and Liquid

Animal Feed Additives Market Outlook (2023-2033)

The market for animal feed additives can be expected to expand at a value based CAGR of 4.8% and show an increase in revenue from US$ 44,763.3 Mn to around US$ 71,844.6 Mn by 2033.

Animal Feed Additives Market Size (2023E)

US$ 44,763.3 Mn

Projected Sales of Animal Feed Additives (2033F)

US$ 71,844.6 Mn

Value CAGR (2023-2033)

4.8%

Value Share of Top 4 Countries (2022E)

49%

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Animal Feed Additives Consumption Analysis (2018-2022) Vs. Market Estimations (2023-2033)

The global animal feed additives market has witnessed significant growth in the historical period registering a CAGR of 4.4% in the historical period and was valued at US$ 44,763.3 Mn in 2023. The market is expected to grow steadily with increasing awareness and benefits about applications of animal feed additives.

To cater to the ever-increasing demand for animal products, including eggs, meat, and milk, incorporation of antibiotics in animal feed has gained traction, resulting in negative health impacts on human beings. In response to these concerns, the European Union (EU) has restricted the use of growth promoters in livestock. As a result, manufacturers of animal feed additives are intent on finding healthier ways to fulfil the nutritional gaps in animals to improve yield. Besides this, the onset of several diseases in livestock has underpinned the need for healthier animal feed options.

Demand for feed additives will be driven by increased meat consumption, quest for effective antibiotic substitutes, disease prevention efforts, and the need for improved livestock and poultry results. Hence, animal feed additives are designed to support feed manufacturers to make a high-quality feed that helps to enhance the performance of the animals.

The global market for animal feed additives is estimated to reach an approximate valuation of US$ 71,844.6 Mn in the forecast period.

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What are the Key Trends in the Market for Animal Feed Additives?

Rising Urbanization Driving Demand for Animal Feed Additives”

Over the past decade, urbanization had defined trends in most economies around the world. Urbanization is expected to add significant challenges to food manufacturers. Increased urban population and changing lifestyles of consumers have altered food consumption and demand for livestock products, which has witnessed an upsurge.

Rapid growth in animal product consumption has forced the livestock industry to adapt and expand to meet society's expectations as a result of population growth and rising living standards. Consumers are looking for clean and safe meat-based products. This is creating opportunity for manufacturers of animal feed additives.

“Increased Livestock Production Surging Sales of Animal Feed Additives”

In the past two decades, rapid expansion in the production and consumption of animal-based products has led to a livestock revolution. Rapid expansion in the consumption of animal-based products is attributed to rising population and increased incomes. Urbanization is also among the major factors for the high rise in demand for meat products, which has increased livestock production.

Livestock farmers are constantly looking for products to improve the quality and performance of animals. Food consumed by livestock animals has a massive impact on the quality of meats and by-products produced. Thus, all livestock animals require balanced water, minerals, vitamins, and proteins to maintain their health.

“Increasing Concerns Regarding Animal Health”

Increased focus on improving animal digestive systems has shifted the demand for natural feed supplements, especially vitamins and minerals. Minerals are essential for livestock health and can help with feeding, conception, immune system response, and overall health. Probiotics help avoid pathogen-induced diarrhea, urogenital infections, and atopic diseases by alleviating intestinal inflammatory diseases. Demand growth of feed additives is primarily driven by the rising meat industry across the globe.

“Growth of Commercial Farming Creating Opportunity Animal Feed Additive Manufacturers”

Livestock and agriculture are examples of commercial farming, and both are flourishing. Commercial agriculture and aquaculture farming are critical to the economies of countries such as China, India, the United Kingdom, and the United States, among others. Commercial farming production has increased in response to rising demand for meat and seafood products. The commercial farming industry is being driven by increased global demand for high-quality meat and seafood products, as well as increased meat and milk consumption. The animal feed additives industry could benefit from the expansion of the commercial farming industry.

Increased commercial animal production has resulted from growing demand for protein globally, and inorganic phosphate supplements play an important role in the animal feed market growth.

“Factors Restraining Sales of Animal Feed Additives”

Rising vegan population may hinder market growth to some extent. Globally, with the unprecedented rise of veganism, sales of vegan food products have reached new heights. Social media and information technology have raised consumer awareness about how their food consumption impacts the environment.

Animal cruelty and health issues have more influence over the buying decisions of consumers nowadays, especially in developed regions such as Europe and North America. Governments across various regions of the world have designed dietary guidelines to reduce meat consumption to avoid health problems related to meat consumption. The 2nd factor that hinders market growth is increasing inclination of consumer toward plant-based meat consumption. In an attempt to cut risks of diseases as well as combat obesity, consumers are cutting off meat from their diets.

Manufacturers are concentrating on developing products with a longer shelf life, better texture and aroma, and a higher nutritional profile. In burgers, pea-based patties can easily replace chicken, beef, or pork patties. Pea-based meat products are likely to be consumed more going forward due to a variety of factors, including high protein content, meat-like texture and quality, ease of availability, and fast preparation.

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Country-wise Insights

What Will Be the Demand Outlook for Animal Feed Additives in China?

China is one of the largest producers and consumers of meat in the world. The China market is witnessing significant growth around 5.9% with a revenue of US$ 7.2 Bn. Rapid urbanization and changing consumer preferences regarding the consumption of meat are key factors shaping the demand outlook for animal feed additives in China.

Increasing per capita expenditure on high-quality food products in China has also created lucrative growth prospects for players operating in the market. Rising disposable income will continue spurring demand for nutrition-rich animal source foods, translating into better growth prospects for animal feed additive suppliers.

How are Animal Feed Additive Sales Faring in the U.S.?

the animal feed additives market in the U.S. is anticipated to expand at a steady pace through 2033. The market is majorly driven by increasing livestock production in the U.S., and the trend is expected to prevail, with the U.S. market expected to top US$ 13 Bn by 2033, expanding at a CAGR 4.2%. Stringent government regulations regarding meat quality and animal feed additives will emerge as key factors driving the sales of safer animal feed alternatives. For instance, the U.S. Food and Drug Administration has imposed regulations to ensure the safety of cattle, poultry, and aquatic species in pisciculture across the country.

Additionally, presence of a well-established agriculture sector supports an adequate supply of raw materials such as maize, corn, and dextrose for animal feed production, further improving sales prospects in the market.

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Category-wise Insights

Why are Amino Acids the Most Preferred Product Type of Animal Feed Additives?

On the basis of product, amino acids will dominate the market during the assessment period. This segment is expected to expand at a value CAGR of around 4.1% through 2033 and hold 16.3% market value share globally. Amino acids are building blocks of protein and polypeptides, which are majorly responsible for the growth of muscles and tissues in animals. Amino acids are also essential for fluids such as milk, making them beneficial animal feed additives.

Apart from being the building blocks of body protein, amino acids are important for biochemical and metabolic processes in livestock. These factors further promote reproduction and overall health of animals, making amino acid-based animal feed additives highly sought-after.

How is the Poultry Segment Positively Affecting the Global Market?

Adoption of animal feed additives in the poultry segment will consistently rise over the coming years. The poultry segment based on livestock is set to account for a market value of US$ 29.5 Bn by the end of 2031. Chicken and eggs are among the most-consumed animal-derived products across various countries. Demand for high-quality poultry-based products will drive sales of animal feed additives.

Additionally, rising incidence of diseases at poultry farming facilities such as bird flu has compelled farmers to make conscious efforts to maintain the well-being of animals in such settings. Also, rising per capita income will drive demand for high protein animal products, which will lead to higher usage of feed additives in the poultry sector.

Competitive Dashboard

The global animal feed additives market is primarily characterized by a large number of multinational players. An approximate share of 55-65% is held by multinational players. Players in the global animal feed additives market are targeting the commercial animal farming industry, specially poultry and aquaculture owing to its increasing demand for poultry meat and seafood.

Companies such as Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, DSM, DuPont, are some of the major players operating in the global animal feed additives market. Regional players account for a market share of 20-30%, and local players 10-15% respectively. These companies are engaged in the business of proving animal feed additives, operate at small scale, and are more export-oriented.

  • In order to meet the demands of the market for animal nutrition, Archer Daniel Midland Company opened a new animal nutrition technology centre in Decatur, United States, in 2019. The new technology centre will work to improve the nutritional components and pet food, pet treat, and aquaculture feed ingredients.
  • In 2018, the company partnered with BIOMIN for introducing new phytase for the Vietnamise feed industry. The BASF SE company introduced phytase Natuphos-E for more productive and sustainable output for animal feed industry in Vietnam with BIOMIN Vietnam being the distributor of the phytase for the country.
  • In 2020, the DSM company announced acquisition of the animal nutrition provider company, Erber’s group. The acquisition of Erber’s group further reinforces DSM’s proficiency and reputation as a leading supplier of animal health and nutrition in the global market.
  • In 2018, Novzymes strengthened its presence by establishing a new innovation center in Istanbul, Turkey. The new innovation center benefits the company to ensure it provide services closely to its customers in the particular region.

Animal Feed Additives Industry Report Scope

Attribute

Details

Forecast period

2023-2033

Historical data available for

2018-2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Type
  • Form
  • Source
  • Livestock
  • Region

Key companies profiled

  • Archer Daniels Midland Company
  • BASF SE.
  • Solvay
  • DSM
  • Ajinomoto Animal Nutrition
  • Novozymes
  • InVivo
  • Evonik Nutrition & Care GmbH
  • Bioseutica
  • Nutreco
  • Kemin Industries, Inc.
  • Adisseo
  • Alltech
  • Cargill Incorporated
  • Chr. Hansen Holding A/S
  • Novus International Inc
  • Sumitomo Chemicals Co Ltd.
  • DuPont de Nemours, Inc.

Report coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Animal Feed Additives Industry Research by Category

By Type:

  • Amino Acids
    • Tryptophan
    • Lysine
    • Methionine
    • Threonine
  • Vitamins
    • Water Soluble Vitamin
    • Vitamin A
    • Vitamin D
  • Phosphates
  • Enzyme
    • Phytase
    • Non Starch Polysaccharides
  • Mycotoxin
  • Antibiotics
  • Minerals
  • Antioxidant
  • Probiotic
  • Non Protein Nitrogen
  • Phytogenic

By Form:

  • Powder
  • Granular
  • Liquid

By Source:

  • Plant
  • Animal
  • Micro-organisms

By Livestock:

  • Ruminants
  • Poultry
  • Swine
  • Aquaculture
  • Pet Animals

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • Archer Daniels Midland Company
  • BASF SE.
  • Solvay
  • DSM
  • Ajinomoto Animal Nutrition
  • Novozymes
  • InVivo
  • Evonik Nutrition & Care GmbH
  • Bioseutica
  • Nutreco
  • Kemin Industries, Inc.
  • Adisseo
  • Alltech
  • Cargill Incorporated
  • Chr. Hansen Holding A/S
  • Novus International Inc
  • Sumitomo Chemicals Co Ltd.
  • DuPont de Nemours, Inc.

- Frequently Asked Questions -

The global market for animal feed additives has a value of US$ 44,763.3 Mn in 2023.

The global market for animal feed additives has a value CAGR of 4.4% from 2018-2022.

The global market for animal feed additives has a value of US$ 71,844.6 Mn in 2033.

The global market for animal feed additives has a value CAGR of 4.8% from 2023-2033.

Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Koninklijke DSM N.V, Sumitomo Chemicals Co. Ltd are anticipated to remain the top 5 competitors in the market, and hold approximately 50% -60% market share.

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