PUBLISHED DATE : Aug 2021 | Pages : 287
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Animal Feed Additives Market Size, Share, Trends Analysis Report by Type of Species (Poultry, Swine, Cattle, Aquatic Animals, and Other Species), Product Type (Vitamins, Amino Acids, Antibiotics, Enzymes, Minerals, Eubiotics, Others), Form (Liquid and Dry), and Geography (North America, Europe, APAC, Latin America, and Middle East & Africa); Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026
287 Pages
100 Tables
109 Charts
5 Regions
17 Countries
20 Companies
4 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (REVENUE) | USD 36 BILLION (2026) |
| CAGR | 4.87% (2021-2026) |
| Base Year | 2020 |
| Forecast Year | 2021-2026 |
| Market Segments | Type of Species (Poultry, Swine, Cattle, Aquatic Animals, and Other Species), Product Type (Vitamins, Amino Acids, Antibiotics, Enzymes, Minerals, Eubiotics, Others), Form (Liquid and Dry) |
| Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
| Countries Covered | US, Canada, Brazil, Mexico, China, India, Japan, Australia, South Korea, Saudi Arabia, South Africa, UAE, Russia, Germany, Spain, France, and UK |
The global animal feed additives market size was valued at USD 27 billion in 2020 and is projected to reach USD 36 billion by 2026, representing a CAGR of 4.87% during the forecast period.
The global demand for animal-based protein is expected to grow by more than 50% over the next three decades. The growing awareness to maintain the overall health of domesticated animals and increase their productivity is surging the growth of the animal feed additives market. India, China, and Japan are the significant consumers of animal feed additives in the APAC region and accounted for a combined revenue share of USD 6,229.02 million in 2020. The growth of this market in the APAC region is due to the large livestock population and their growth rate. Companies should invest significantly in R&D activities, which ensure their success in the additives industry for the long term. The stringed food regulations have prompted farmers to feed their livestock better with natural and herbal additives. The natural products are expected to fuel the demand in the feed additives market during the forecast period.
This research report includes a detailed segmentation by
The global poultry livestock market is growing at a CAGR of 5.40% during the forecast period.
The growing population and increasing demand for nutritious food are gaining momentum in poultry farming across the globe. The use of feed additives in synthetic or natural additives is essential for success in poultry farming in terms of poultry health and production. The US is the world's largest producer of poultry and the second-largest exporter of poultry meat. This growth pattern is expected to continue as protein needs increase because of COVID-19 and ASF outbreaks across the globe. In China, sales of poultry additives increased due to an outbreak of African Swine Fever (ASF).
Amino acids are the most used feed additives and accounted for a 25.58% share.
Most of the poultry and pork consumed today are raised using feeds containing amino acids. Amino acids will become even more essential during the forecast period to ensure that animal production systems are environmentally sustainable and use limited natural resources. The APAC region has enormous potential and scope for amino acids, as many farmers are unaware of the benefits of amino acids. The global amino acid feed additives market is expected to reach USD 8,919.18 million by 2026.
The global animal feed additives by form have been segregated by dry and liquid.
Liquid feed additives are highly palatable and increase their consumption among animals, which helps reduce feed wastage and labor cost. The US is expected to boost the demand for liquid feed during the forecast period.
The demand for dry feed additives is growing significantly at a CAGR of 6.04% during the forecast period. Agricultural products shops and animal farming shops are the key sales point. The rising awareness and animal farming camps will drive the demand for the dry form.
The animal feed additives market in APAC is expected to reach USD 13,117.60 million by 2026. China will be the most extensive feed additives market in the APAC region, followed by India, Australia, Japan, and South Korea. The growing organized market for better animal farming techniques and various agrarian economies drives additives to demand in APAC. Swine additives hold a significant share in China, Japan, South Korea, the Philippines, Thailand, and Vietnam. Eubiotics will be the second-largest revenue contributor to the market in APAC at USD 1,465.70 million by 2026.
The global feed additives market is intensely competitive. An increase in competition and business expansion will lead to vendors increasing their promotional and advertising expenses. Many players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in the APAC region, to gain more market share. Vendors will boost profitability through efficient production techniques that minimize production costs for meat products and mitigate associated risks in the upcoming years. Animal feed additives manufacturers have huge opportunities in APAC because of the increasing demand for premium foods for pets and meat.
Type of Species
Product Type
Form
Geography
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