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Australia Feed Additives Market Size, Analysis, Forecast: By Type: Phosphates, Vitamins, Probiotics, Minerals, Preservatives, Vitamins, Flavors and Sweeteners, Mycotoxin Detoxifiers, Pigments, Phytogenics, Yeast, Enzymes, Non-Protein Nitrogen, Others; By Source; By Livestock; Regional Analysis; Competitive Landscape; 2024-2032
Australia Feed Additives Market Outlook
The Australia feed additives market size reached USD 271.6 million in 2023. The market is expected to grow at a CAGR of 4.4% between 2024 and 2032, reaching almost USD 400.02 million by 2032.
Key Takeaways
- The aquaculture sector is poised for further expansion, driving compound feed production to meet increasing demand both domestically and globally. Feed production is forecasted to rise from 183.6 thousand metric tons in 2023 to 195.7 thousand metric tons by 2029.
- Poultry meat production in Australia reached 1.2 million tons in 2020, valued at USD 2.9 billion, marking a 2.8% increase from the previous year. Between 2017 and 2022, production surged by 10.1% to cater to growing demand.
- Per capita consumption of poultry eggs rose to 249 eggs in 2021, up by 7.8% compared to 2017, driving egg production to 6.3 billion eggs in 2021 from 5.521 billion eggs previously. Per capita consumption of poultry meat reached 44.50 kg in 2022, indicating a consistent rise from 43.35 kg in 2017, reflecting sustained demand growth.
In Australia, feed additives such as amino acids, binders, minerals, and probiotics dominate the animal feed sector, significantly impacting the market. Among these additives, lysine and methionine stand out due to their efficacy in enhancing gut health, facilitating animal digestion, and increasing meat production. Synthetic binders also play a pivotal role in disease prevention by improving digestion and nutrient intake in animals, particularly poultry birds, which constitute a major portion of the Australia feed additives market, consuming over 4.3 million metric tons in 2022.
Antioxidants, including citric acid, are witnessing rapid growth in demand as they aid in reducing pathogen colonisation and limiting toxic metabolite production, thereby enhancing the availability of essential nutrients in animal feed. Moreover, antioxidants contribute to prolonging the shelf life of feed products.
The Australian poultry industry is experiencing significant growth, with poultry meat production reaching 1.2 million tons in 2020, valued at USD 2.9 billion. Despite challenges posed by diseases like Avian influenza in 2020, the industry has remained resilient and expanded to meet escalating demand. Per capita consumption of poultry meat has steadily risen to 44.50 kg in 2022, while egg consumption has increased to 249 eggs per capita in 2021, driving egg production to 6.3 billion eggs.
The aquaculture sector is also on the rise in Australia, with aquatic feed production increasing by 53.2% from 2002 to 2022, reaching 0.2 million metric tons. In 2022, aquaculture production surged by 13.7%, reaching 1.7 million metric tons, with fish feed production accounting for the majority. This growth is attributed to the rising demand for seafood, with seafood consumption reaching 14.5 kg per person during 2020-21 and aiding the Australia feed additives market development. Export of aquaculture products totalled USD 2.14 billion during the same period, underscoring the sector's importance to the economy.
Market Segmentation
Australia Feed Additives Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Phosphates
- Vitamins
- Probiotics
- Minerals
- Preservatives
- Vitamins
- Flavors and Sweeteners
- Mycotoxin Detoxifiers
- Pigments
- Phytogenics
- Yeast
- Enzymes
- Non-Protein Nitrogen
- Others
Market Breakup by Source
- Natural
- Synthetic
Market Breakup by Livestock
- Poultry
- Swine
- Aquatic Animal
- Ruminants
- Others
Market Breakup by Region
- South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the feed additive in Australia develop, manufacture, and provide products aiding the end-users with higher nutrient products.
- ADM Trading Australia Pty Ltd.
- BASF SE
- Koninklijke DSM N.V.
- Phibro Animal Health Corporation Australia
- Nutreco N.V.
- Solvay S.A.
- Lonza Group Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by Source |
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| Breakup by Livestock |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot Australia Feed Additives Market
7 Opportunities and Challenges in the Market
8 Australia Feed Additives Market Overview
8.1 Key Industry Highlights
8.2 Australia Feed Additives Historical Market (2018-2023)
8.3 Australia Feed Additives Market Forecast (2024-2032)
9 Australia Feed Additives Market by Type
9.1 Phosphates
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Vitamins
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Probiotics
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Minerals
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Preservatives
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Vitamins
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Flavors and Sweeteners
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 Mycotoxin Detoxifiers
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Pigments
9.9.1 Historical Trend (2018-2023)
9.9.2 Forecast Trend (2024-2032)
9.10 Phytogenics
9.10.1 Historical Trend (2018-2023)
9.10.2 Forecast Trend (2024-2032)
9.11 Yeast
9.11.1 Historical Trend (2018-2023)
9.11.2 Forecast Trend (2024-2032)
9.12 Enzymes
9.12.1 Historical Trend (2018-2023)
9.12.2 Forecast Trend (2024-2032)
9.13 Non-Protein Nitrogen
9.13.1 Historical Trend (2018-2023)
9.13.2 Forecast Trend (2024-2032)
9.14 Others
10 Australia Feed Additives Market by Source
10.1 Natural
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Synthetic
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Feed Additives Market by Livestock
11.1 Poultry
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Swine
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Aquatic Animal
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Ruminants
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Feed Additives Market by Region
12.1 South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Western Australia
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australian Capital Territory
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicator for Price
13.4 Key Indicator for Demand
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ADM Trading Australia Pty Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 BASF SE
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Koninklijke DSM N.V.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Phibro Animal Health Corporation Australia
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nutreco N.V.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Solvay S.A.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Lonza Group Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Feed Additives Market: Key Industry Highlights, 2018 and 2032
2. Australia Feed Additives Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Feed Additives Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Feed Additives Historical Market: Breakup by Source (USD Billion), 2018-2023
5. Australia Feed Additives Market Forecast: Breakup by Source (USD Billion), 2024-2032
6. Australia Feed Additives Historical Market: Breakup by Livestock (USD Billion), 2018-2023
7. Australia Feed Additives Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
8. Australia Feed Additives Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia Feed Additives Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia Feed Additives Market Structure
Key Questions Answered in the Report
The feed additives market is estimated to be valued at USD 271.6 million in 2023.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The feed additives market is expected to reach USD 400.02 million in 2032.
The market is categorised according to its type, which includes phosphates, vitamins, probiotics, minerals, preservatives, vitamins, flavors and sweeteners, mycotoxin detoxifiers, pigments, phytogenics, yeast, enzymes, non-protein nitrogen, and others.
The key market players are ADM Trading Australia Pty Ltd., BASF SE, Koninklijke DSM N.V., Phibro Animal Health Corporation Australia, Nutreco N.V., Solvay S.A., Lonza Group Ltd., and others.
The market is driven by factors that include increasing demand for poultry, meat, aquaculture and increased nutritional content of the meat, among others.
The feed additive market is categorised according to its source, which includes natural and synthetic.
Among the key additives found in animal rations are enzymes, pro- and prebiotics, antioxidants, antibiotic growth promoters, and colouring agents.
Feed additives are substances utilised in animal nutrition to enhance the quality of feed and the resulting food from animal sources. They aim to boost animal performance and health by improving factors such as feed material digestibility.
Feed supplements serve a nutritional role by compensating for any lacking nutrients in the feed, while feed additives enhance the existing nutritional efficiency. This not only reduces poultry feeding costs but also fosters healthy and timely broiler growth.
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