Global Animal Feed Additives Market - Focused Insights 2024-2029

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THE GLOBAL ANIMAL FEED ADDITIVES MARKET WAS VALUED AT USD 38.43 BILLION IN 2023 AND IS PROJECTED TO REACH USD 45.95 BILLION BY 2029, GROWING AT A CAGR OF 3.02% DURING THE FORECAST PERIOD.

The Animal Feed Additives Market Size, Share & Trend Analysis Report By

  1. Product: Amino Acids, Vitamins, Eubiotics, Antibiotics, Minerals, Enzymes, and Others
  2. Form: Liquid and Dry
  3. Species: Poultry, Swine, Cattle, Aquatic Animals, and Other Species
  4. Geography: APAC, Europe, North America, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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ANIMAL FEED ADDITIVES MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 45.95 Billion
Market Size (2023)USD 38.43 Billion
CAGR (2023-2029)3.02%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
MARKET SEGMENTS BYProduct, Form, Species, and Geography
GEOGRAPHIC ANALYSISNorth America, APAC, Europe, Latin America, and Middle East & Africa
KEY PLAYERSADM, BASF, DSM, Cargill, Evonik Industries, and Nutreco
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MARKET INSIGHTS

The global animal feed additives market was valued at USD 38.43 billion in 2023 and is projected to reach USD 45.95 billion by 2029, growing at a CAGR of 3.02% during the forecast period. The sustained growth in meat consumption presents substantial opportunities for the animal feed additives market. The global meat consumption trajectory has shown a steady upward trend, largely attributed to population growth, rising income levels, and shifting dietary preferences, especially within low- and middle-income countries. The OECD-FAO Agricultural Outlook 2021-23 projected that global meat consumption would increase by 12% by 2033 compared to 2021. As consumer purchasing power strengthens globally, the demand for high-quality protein sources has intensified, leading to a marked increase in per capita meat consumption.

As livestock production intensifies to keep pace with global consumption patterns, there is a parallel demand for feed additives that enable sustainable growth within the industry. Thus, the animal feed additives market is poised for robust growth, with demand driven by the dual needs of improving livestock productivity and addressing the environmental challenges posed by intensified animal agriculture.

NEW PRODUCT INNOVATIONS

  1. In 2023, Evonik introduced an updated version of its Biolys product for animal feeds. The new formulation of Biolys helps livestock producers more efficiently meet their animals' requirements for the essential amino acid L-lysine.
  2. In 2023, Adisseo completed its acquisition of Nor-Feed, a French company specializing in plant-based specialty ingredients and extracts for animal nutrition. This acquisition aligns with Adisseo's strategic goal to strengthen its position as a global leader in specialty ingredients for animal nutrition.
  3. In 2023, Kemin Industries, a global manufacturer of specialty ingredients, launched Pathorol, a supplement designed to improve hepatopancreas health in shrimp. This product is now available to customers in India, Thailand, Vietnam, Indonesia, and Singapore.
  4. In 2023, Novozymes entered a joint development and commercialization agreement with Danish biotech company Bactolife to finalize and launch Ablacto+, a biosolution aimed at stabilizing piglets' gut health and reducing the severity of post-weaning diarrhea (PWD).

KEY TAKEAWAYS

  1. Market Growth: The global animal feed additives market was valued at USD 38.43 billion in 2023 and is projected to reach USD 45.95 billion by 2029, growing at a CAGR of 3.02% during the forecast period.
  2. By Product: The amino acids segment holds the largest market share of over 25%, the segment is growing as amino acids are essential nutrients for animals, serving as the building blocks of protein.
  3. By Form: The dry-form segment is experiencing the highest growth at 4.16%, driven by its powdered forms, including granules, powders, and crumbles. These forms are crucial components in modern livestock and poultry nutrition, providing convenience and efficiency in feeding practices.
  4. By Species: The poultry segment occupies a major global animal feed additives market share. The segment is expanding due to a combination of economic, regulatory, and consumer-driven factors.
  5. By Geography: APAC dominates and shows the highest growth in the global animal feed additives market. The market is growing as it is home to some of the world’s largest producers and consumers of livestock, including countries such as China, India, Japan, South Korea, and Vietnam.
  6. Growth Factor: The global animal feed additives market is set to grow due to an increase in awareness of animal health & nutrition and a rise in demand for animal products.

MARKET TRENDS & DRIVERS

Increased Demand For Natural & Organic Additives

The animal feed additives market is experiencing a pronounced shift towards natural and organic additives, driven by increasing consumer awareness, regulatory pressures, and the need for sustainable farming practices. There is a marked increase in consumer awareness around the food chain, with end-consumers showing strong preferences for products derived from animals fed on natural and organic ingredients. Consumers are seeking greater transparency regarding the origins of animal products, specifically favoring meat, dairy, and eggs that are produced without synthetic additives. Health-conscious and environmentally aware consumers are driving demand for organically raised livestock, pushing farmers to adopt more natural feeding practices. The growing establishment of organic certification standards for livestock feed requires the use of additives that meet strict organic criteria, further driving the demand for certified natural ingredients. Natural feed additives such as probiotics, prebiotics, and essential oils have been linked to improved gut health and immunity in livestock. These additives aid in nutrient absorption and digestive efficiency, minimizing the need for medical intervention and reducing mortality rates. Advanced formulation technologies allow manufacturers to create species-specific, life-stage-specific natural feed additives that enhance animal health and productivity. This precision feeding approach makes natural additives more practical and cost-effective.

Technological Advancements

The integration of advanced biotechnology in the animal feed additives market represents a significant trend that is driving innovation and shaping the future of sustainable livestock production. Biotechnology facilitates the creation of new, more effective feed ingredients, such as bioengineered amino acids, enzymes, and eubiotics (probiotics and prebiotics). Increased consumer demand for quality and ethically produced animal products is driving the need for additives that improve the gut health, immunity, and overall well-being of animals. Probiotics, prebiotics, and bioengineered enzymes are critical options, promoting not only healthier animals but also reducing the need for antibiotics. With growing regulatory restrictions and consumer preferences shifting away from antibiotics in livestock, there is a heightened demand for biotechnology-driven alternatives. Enzymes, organic acids, and other eubiotics developed through biotechnology are becoming increasingly popular as safe and effective options. Nanotechnology allows feed additives to be engineered at the nanoscale, enhancing solubility and bioavailability. This process improves nutrient uptake and optimizes the utilization of key additives such as vitamins, minerals, and enzymes, which are essential for animal growth and health. Encapsulation methods protect sensitive ingredients, such as probiotics, vitamins, and enzymes, ensuring they remain effective until consumed.

Increase in Awareness of Animal Health & Nutrition

The increase in awareness of animal health and nutrition has become a significant driver of growth in the animal feed additives market. With a growing understanding of the critical link between animal welfare, nutrition, and productivity, stakeholders across the agriculture and livestock sectors are investing in advanced feed additives to ensure optimal health, growth, and production outcomes. The global demand for high-quality animal products such as meat, dairy, and eggs has been increasing due to a shift in consumer preferences towards safer, healthier, and ethically sourced products. Animal feed additives enhance the nutritional profile of feed, ensuring animals grow healthier, which translates to improved meat quality, higher milk yield, and better egg production. High-quality animal products meet consumer expectations which eventually help the market grow prominently. With the rising global population, there is an urgent need for efficient livestock production to meet the growing demand for animal-derived foods. Feed additives such as amino acids, enzymes, and probiotics are designed to maximize feed efficiency, enabling animals to gain more weight or produce more milk while consuming less feed. Additives such as growth promoters and protein enhancers help optimize animal growth, leading to a quicker time to market. This demand for productivity boosts the need for additives that improve both the efficiency and output of livestock operations.

INDUSTRY RESTRAINTS

Stringent Regulations & Compliance Requirements

The animal feed additives market faces considerable growth challenges due to stringent regulations and complex compliance requirements worldwide. Regulatory authorities set strict standards on the safety, quality, labeling, and environmental impact of feed additives to protect animal health, human food safety, and the environment. While these regulations aim to safeguard quality, they can increase production costs, slow down innovation, and limit market expansion for feed additive manufacturers. The EU has one of the most stringent regulatory frameworks for animal feed additives, governed by Regulation (EC) No 1831/2003. The European Food Safety Authority (EFSA) requires comprehensive testing on the safety of additives for animals, humans, and the environment before market approval. Additives that do not meet EFSA standards are restricted or banned, as seen with the 2006 prohibition on antibiotic growth promoters. The U.S. Food and Drug Administration (FDA) regulates animal feed additives under the Federal Food, Drug, and Cosmetic Act. Any additive used in animal feed must either be Generally Recognized As Safe (GRAS) or approved by the FDA through a New Animal Drug Application (NADA). Obtaining regulatory approval for new additives involves significant investment in research, testing, and documentation to meet safety standards. High compliance costs, time-consuming approval processes, and the need for reformulation to meet regional standards all add to operational costs for manufacturers.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT

The global animal feed additives market by product is segmented into amino acids, vitamins, eubiotics, antibiotics, minerals, enzymes, and others. The amino acids segment dominates and holds the largest market share of over 25%. Amino acids are essential nutrients for animals, serving as the building blocks of protein. They are crucial for animal growth, productivity, and overall health. Within the animal feed additives market, amino acids represent one of the fastest-growing product segments. The segment's popularity is driven by its proven benefits in enhancing animal growth, optimizing feed efficiency, and meeting rising consumer demand, particularly in the poultry, swine, and aquaculture sectors. By supplementing feed with essential amino acids like lysine, methionine, and threonine, farmers can optimize the nutrient profile of feed, reducing the amount needed to achieve desired growth rates. This efficiency leads to cost savings, which is particularly valuable as feed costs represent a significant portion of total livestock production expenses.

INSIGHTS BY FORM

The global animal feed additives market by form is categorized into liquid and dry. The dry-form segment shows significant growth, with the fastest-growing CAGR of 4.16% during the forecast period. Dry forms of animal feed additives are vital for modern livestock and poultry nutrition, available in powdered forms like granules, powders, and crumbles. These additives offer advantages such as a longer shelf life and ease of storage and transport compared to liquid forms. Their resistance to microbial growth and spoilage is essential for maintaining feed quality and minimizing contamination risks from bacteria and mold. Additionally, dry additives are simpler to handle and require less specialized equipment for mixing, facilitating smoother manufacturing and distribution. Their ability to blend uniformly into feed mixes ensures consistent nutrient distribution, improving feed efficacy and supporting segmental growth.

INSIGHTS BY SPECIES

Based on the species, the poultry segment accounted for the largest share of the global animal feed additives market. The market for poultry feed additives is expanding due to a combination of economic, regulatory, and consumer-driven factors. First, the rising global demand for poultry meat and eggs is a major contributor, as poultry products are a key source of protein worldwide. With population growth and increasing incomes in many regions, especially in developing countries, there is heightened demand for affordable, high-quality animal protein. The poultry feed additives market continues to see sustained growth due to several converging trends, where sustainable and cost-efficient meat production has become a central goal for the poultry industry, with feed additives playing a significant role in achieving this by enhancing feed conversion efficiency and reducing the need for antibiotics and veterinary care.

GEOGRAPHICAL ANALYSIS

APAC dominates the global animal feed additives market with the largest share of over 35%. APAC is home to some of the world’s largest producers and consumers of livestock, including countries such as China, India, Japan, South Korea, and Vietnam. The increasing focus on achieving self-sufficiency in animal protein production and meeting the growing food demand from an expanding population has led to significant investment in animal feed additives. The region’s animal feed additives market is characterized by high consumption in both the livestock and aquaculture sectors. Products such as amino acids, enzymes, and vitamins are widely used to improve feed efficiency, enhance growth rates, and promote overall animal health. Livestock producers in APAC are increasingly turning to feed additives to enhance feed efficiency, promote growth, and improve nutrient absorption. This is crucial in an area where maximizing productivity from each animal is key to profitability. APAC is the largest producer of farmed fish and seafood globally, driven by rising seafood consumption and strong export demand. Feed additives tailored to the needs of the aquaculture industry such as specific proteins, enzymes, and mineral blends have seen strong growth.

VENDOR LANDSCAPE

The global animal feed additives market report consists of exclusive data on 27 vendors. The competitive scenario in the market is currently intensifying with global and domestic players offering a diverse range of products. The key players in the global animal feed additives are ADM, BASF, dsm-firmenich, Cargill, Evonik, and Nutreco. Vendors are expanding product portfolios to cater to a wider range of species, offering unique and innovative product forms such as microencapsulated additives, pellets granules, etc. Key strategies include product innovation, mergers and acquisitions, and partnerships to enhance market presence and expand geographical reach.

Frequently Asked Questions

How big is the global animal feed additives market?

The global animal feed additives market was valued at USD 38.43 billion in 2023 and is projected to reach USD 45.95 billion by 2029.

What are the factors driving the global animal feed additives market growth?

The global animal feed additives market is primarily driven by the increase in awareness of animal health & nutrition, expansion of aquaculture, rise in prevalence of livestock diseases, and rise in demand for animal products.

Which region will have the largest share in the global animal feed additives market?

APAC dominates the global animal feed additives market with the largest share of over 35%.

What is the growth rate of the global animal feed additives market?

The global animal feed additives market will grow at a CAGR of 3.02% in the forecast period from 2024-2029.

Who are the major players in the global animal feed additives market?

ADM, BASF, dsm-firmenich, Cargill, Evonik, and Nutreco are some players currently dominating the global animal feed additives market.

The global animal feed additives market size is expected to grow at a CAGR of approximately 3.02% from 2023 to 2029.


Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global animal feed additives and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

VENDORS LIST

Key Vendors

  1. ADM
  2. Business Overview
  3. Product Offerings
  4. BASF
  5. DSM
  6. Cargill
  7. Evonik Industries
  8. Nutreco

Other Prominent Vendors

  1. Alltech
  2. Business Overview
  3. Product Offerings
  4. Ajinomoto
  5. Lallemand
  6. Centafarm
  7. Novonesis
  8. Kemin Industries
  9. Elanco
  10. ADDCON
  11. Agropolychim
  12. Novus International
  13. International Flavors & Fragrances (IFF)
  14. Phibro Animal Health Corporation
  15. Danish Agro
  16. Barentz
  17. Solvay
  18. Purina Animal Nutrition
  19. Premex
  20. CJ CheilJedang
  21. Zinpro
  22. Quality Liquid Feeds (QLF)
  23. Adisseo

SEGMENTATION & FORECAST

  1. By Product
  2. Amino Acids
  3. Vitamins
  4. Eubiotics
  5. Antibiotics
  6. Minerals
  7. Enzymes
  8. Others
  9. By Form
  10. Liquid
  11. Dry
  12. By Species
  13. Poultry
  14. Swine
  15. Cattle
  16. Aquatic Animals
  17. Others
  18. By Geography
  19. APAC
  20. China
  21. India
  22. Australia
  23. Japan
  24. South Korea
  25. Europe
  26. Russia
  27. Spain
  28. Germany
  29. France
  30. UK
  31. North America
  32. US
  33. Canada
  34. Latin America
  35. Brazil
  36. Mexico
  37. Middle East & Africa
  38. Turkey
  39. Saudi Arabia
  40. South Africa
  41. UAE

Exhibit 1: Global Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 2: Global Animal Feed Additives Market by Product 2020–2029 ($ billion)

Exhibit 3: Market by Amino Acids 2020-2029 ($ billion)

Exhibit 4: Market by Vitamins 2020-2029 ($ billion)

Exhibit 5: Market by Eubiotics 2020-2029 ($ billion)

Exhibit 6: Market by Antibiotics 2020-2029 ($ billion)

Exhibit 7: Market by Minerals 2020-2029 ($ billion)

Exhibit 8: Market by Enzymes 2020-2029 ($ billion)

Exhibit 9: Market by Other Products 2020-2029 ($ billion)

Exhibit 10: Global Animal Feed Additives Market by Form 2020–2029 ($ Billion)

Exhibit 11: Market by Liquid 2020-2029 ($ billion)

Exhibit 12: Market by Dry 2020-2029 ($ billion)

Exhibit 13: Global Animal Feed Additives Market by Species 2020–2029 ($ billion)

Exhibit 14: Market by Poultry 2020-2029 ($ billion)

Exhibit 15: Market by Swine 2020-2029 ($ billion)

Exhibit 16: Market by Cattle 2020-2029 ($ billion)

Exhibit 17: Market by Aquatic Animals 2020-2029 ($ billion)

Exhibit 18: Market by Other Species 2020-2029 ($ billion)

Exhibit 19: Global Animal Feed Additives Market by Geography 2020–2029 ($ billion)

Exhibit 20: APAC Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 21: China Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 22: India Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 23: Australia Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 24: Japan Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 25: South Korea Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 26: Europe Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 27: Russia Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 28: Spain Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 29: Germany Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 30: France Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 31: UK Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 32: North America Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 33: US Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 34: Canada Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 35: Latin America Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 36: Brazil Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 37: Mexico Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 38: Middle East & Africa Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 39: Turkey Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 40: Saudi Arabia Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 41: South Africa Animal Feed Additives Market 2020-2029 ($ billion)

Exhibit 42: UAE Animal Feed Additives Market 2020-2029 ($ billion)


LIST OF TABLES

Table 1: Global Animal Feed Additives Market 2020-2029 ($ billion)

Table 2: Global Animal Feed Additives Market by Product Segment 2020-2029 ($ billion)

Table 3: Global Animal Feed Additives Market by Form Segment 2020-2029 ($ billion)

Table 4: Global Animal Feed Additives Market by Species Segment 2020-2029 ($ billion)

Table 5: Global Animal Feed Additives Market by Geography 2020-2029 ($ billion)

CHAPTER – 1: Global Animal Feed Additives Market Overview

  1. Executive Summary
  2. Key Findings


CHAPTER – 2: Global Animal Feed Additives Market Market

  1. GLOBAL: Projected Revenue of Global Animal Feed Additives Market (2020-2029; $ Billions)


CHAPTER – 3: Global Animal Feed Additives Market Prospects & Opportunities

  1. Global Animal Feed Additives Market Opportunities & Trends
  2. Global Animal Feed Additives Market Drivers
  3. Global Animal Feed Additives Market Constraints


CHAPTER – 4: Global Animal Feed Additives Market Segmentation Data

  1. GLOBAL: Projected Revenue by Product (2020-2029; $ Billions)
  2. Amino Acids
  3. Vitamins
  4. Eubiotics
  5. Antibiotics
  6. Minerals
  7. Enzymes
  8. Others
  9. GLOBAL: Projected Revenue by Form (2020-2029; $ Billions)
  10. Liquid
  11. Dry
  12. GLOBAL: Projected Revenue by Species (2020-2029; $ Billions)
  13. Poultry
  14. Swine
  15. Cattle
  16. Aquatic Animals
  17. Other Species


CHAPTER – 5: Key Regions Overview

  1. APAC: Projected Revenue of Global Animal Feed Additives Market (2020-2029; $ Billions)
  2. Projected Revenue of Global Animal Feed Additives Market in China
  3. Projected Revenue of Global Animal Feed Additives Market in India
  4. Projected Revenue of Global Animal Feed Additives Market in Australia
  5. Projected Revenue of Global Animal Feed Additives Market in Japan
  6. Projected Revenue of Global Animal Feed Additives Market in South Korea
  7. Europe: Projected Revenue of Global Animal Feed Additives Market (2020-2029; $ Billions)
  8. Projected Revenue of Global Animal Feed Additives Market in Russia
  9. Projected Revenue of Global Animal Feed Additives Market in Spain
  10. Projected Revenue of Global Animal Feed Additives Market in Germany
  11. Projected Revenue of Global Animal Feed Additives Market in France
  12. Projected Revenue of Global Animal Feed Additives Market in the UK
  13. North America: Projected Revenue of Global Animal Feed Additives Market (2020-2029; $ Billions)
  14. Projected Revenue of Global Animal Feed Additives Market in the US
  15. Projected Revenue of Global Animal Feed Additives Market in Canada
  16. Latin America: Projected Revenue of Global Animal Feed Additives Market (2020-2029; $ Billions)
  17. Projected Revenue of Global Animal Feed Additives Market in Brazil
  18. Projected Revenue of Global Animal Feed Additives Market in Mexico
  19. Middle East & Africa: Projected Revenue of Global Animal Feed Additives Market (2020-2029; $ Billions)
  20. Projected Revenue of Global Animal Feed Additives Market in Turkey
  21. Projected Revenue of Global Animal Feed Additives Market in Saudi Arabia
  22. Projected Revenue of Global Animal Feed Additives Market in South Africa
  23. Projected Revenue of Global Animal Feed Additives Market in UAE


CHAPTER – 6: Global Animal Feed Additives Market Industry Overview

  1. Global Animal Feed Additives Market - Competitive Landscape
  2. Global Animal Feed Additives Market– Key Vendor Profiles
  3. Global Animal Feed Additives Market– Other Prominent Vendors
  4. Global Animal Feed Additives Market - Key Strategic Recommendations


CHAPTER – 7: Appendix

  1. Research Methodology
  2. Abbreviations
  3. About Arizton

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Frequently Asked Questions

How big is the global animal feed additives market?

The global animal feed additives market was valued at USD 38.43 billion in 2023 and is projected to reach USD 45.95 billion by 2029.

What are the factors driving the global animal feed additives market growth?

The global animal feed additives market is primarily driven by the increase in awareness of animal health & nutrition, expansion of aquaculture, rise in prevalence of livestock diseases, and rise in demand for animal products.

Which region will have the largest share in the global animal feed additives market?

APAC dominates the global animal feed additives market with the largest share of over 35%.

What is the growth rate of the global animal feed additives market?

The global animal feed additives market will grow at a CAGR of 3.02% in the forecast period from 2024-2029.

Who are the major players in the global animal feed additives market?

ADM, BASF, dsm-firmenich, Cargill, Evonik, and Nutreco are some players currently dominating the global animal feed additives market.