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The global feed additives market size was around USD 73.00 billion in 2023. The market is further expected to grow at a CAGR of 5.3% over the forecast period of 2024-2032 to attain a value of USD 116.34 billion by 2032.
A key factor driving the market for feed additives is the rising demand for animal-based food products and rising prevalence of animal diseases. As per the animal feed additives market forecast, probiotics are widely being used in the livestock sector and by meat producers to proactively improve animal health and enhance disease resistance. Feed additives play a vital role in improving the health profile of animals, and with increased uncertainties regarding the nutrition of generic animal feeds, there is greater importance on feed additives specific to the animal. With a wide range of feed additives available, livestock farmers can customise feed based on the type of animal and its intended role.
The animal feed additive market is being driven by the growing global population, coupled with the rising consciousness regarding health and wellness among consumers. The growing industrialisation of meat production is expected to aid the market in the forecast period. The Indian animal feed market is also witnessing an enhanced growth, which is driving the growth of the global feed additives market.
Globally, cattle is one of the primary sources of dairy products. With the increase in consumption of dairy products, cattle farming is also witnessing a significant rise, which is likely to increase the animal feed additives market share over the forecast period.
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Feed additives refer the substance that is used in animal nutrition for the purpose of enhancing the quality of feed, aiming to improve the animals' performance and health, and thus, the quality of food and various end-products from animal origin like, eggs, meat, and milk. Today, in factory farms, feeding livestock is a complicated process. These are carefully manufactured with the help of nutritional additives, like vitamins and minerals.
The various sources of feed additives are:
Based on product type, the global animal feed additives market is segmented into:
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On the basis of livestock, the market is categorised into:
The report also covers the regional feed additives markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The growing global population and rising health concern among consumers are increasing the animal feed additives market size across the globe. The growing meat consumption, along with the consumption of food products from animal origin, is supporting the market. The growing consumer knowledge regarding the benefits of these additives coupled with the outbreak of various diseases is generating the need for additives in poultry, aqua, and other animal-based products, which in turn, is boosting the product demand worldwide.
The growing consumer inclination towards protein-rich diets, along with factors like rising disposable incomes and changing lifestyle patterns are the key animal feed additives market trends driving the market growth. The increased demand for meat, seafood, and others is further boosting the market growth. Moreover, key market players are increasingly investing in R&D activities to deliver improved products, which is expected to accelerate the demand for feed additives worldwide. The market players are also focusing on improving and extending their established product lines and global footprint to improve their position in the market, which is expected to aid the global feed additives market over the forecast period.
At a regional level, in the Asia Pacific poultry consumption is widely prevalent except in countries such as Vietnam where meat consumption has traditionally been dominated by pork. It is projected that the expanding poultry industry will drive the Vietnam animal feed additives market.
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The report gives a detailed analysis of the following key players in the global animal feed additives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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 Source |
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Breakup by Product Type |
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Breakup by Livestock |
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Breakup by Form |
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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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Feed Additives Market Analysis
8.1 Key Industry Highlights
8.2 Global Feed Additives Historical Market (2018-2023)
8.3 Global Feed Additives Market Forecast (2024-2032)
8.4 Global Feed Additives Market by Source
8.4.1 Synthetic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Natural
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Feed Additives Market by Product Type
8.5.1 Amino Acids
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Lysine
8.5.1.3.1.1 Historical Trend (2018-2023)
8.5.1.3.1.2 Forecast Trend (2024-2032)
8.5.1.3.2 Methionine
8.5.1.3.2.1 Historical Trend (2018-2023)
8.5.1.3.2.2 Forecast Trend (2024-2032)
8.5.1.3.3 Threonine
8.5.1.3.3.1 Historical Trend (2018-2023)
8.5.1.3.3.2 Forecast Trend (2024-2032)
8.5.1.3.4 Tryptophan
8.5.1.3.4.1 Historical Trend (2018-2023)
8.5.1.3.4.2 Forecast Trend (2024-2032)
8.5.2 Phosphates
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Monocalcium Phosphate
8.5.2.3.1.1 Historical Trend (2018-2023)
8.5.2.3.1.2 Forecast Trend (2024-2032)
8.5.2.3.2 Dicalcium Phosphate
8.5.2.3.2.1 Historical Trend (2018-2023)
8.5.2.3.2.2 Forecast Trend (2024-2032)
8.5.2.3.3 Mono-dicalcium Phosphate
8.5.2.3.3.1 Historical Trend (2018-2023)
8.5.2.3.3.2 Forecast Trend (2024-2032)
8.5.2.3.4 Defulorinated Phosphate
8.5.2.3.4.1 Historical Trend (2018-2023)
8.5.2.3.4.2 Forecast Trend (2024-2032)
8.5.2.3.5 Tricalcium Phosphate
8.5.2.3.5.1 Historical Trend (2018-2023)
8.5.2.3.5.2 Forecast Trend (2024-2032)
8.5.3 Vitamins
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Breakup by Type
8.5.3.3.1 Fat-Soluble
8.5.3.3.1.1 Historical Trend (2018-2023)
8.5.3.3.1.2 Forecast Trend (2024-2032)
8.5.3.3.2 Water-Soluble
8.5.3.3.2.1 Historical Trend (2018-2023)
8.5.3.3.2.2 Forecast Trend (2024-2032)
8.5.4 Acidifiers
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.4.3 Breakup by Type
8.5.4.3.1 Propionic Acid
8.5.4.3.1.1 Historical Trend (2018-2023)
8.5.4.3.1.2 Forecast Trend (2024-2032)
8.5.4.3.2 Formic Acid
8.5.4.3.2.1 Historical Trend (2018-2023)
8.5.4.3.2.2 Forecast Trend (2024-2032)
8.5.4.3.3 Citric Acid
8.5.4.3.3.1 Historical Trend (2018-2023)
8.5.4.3.3.2 Forecast Trend (2024-2032)
8.5.4.3.4 Lactic Acid
8.5.4.3.4.1 Historical Trend (2018-2023)
8.5.4.3.4.2 Forecast Trend (2024-2032)
8.5.4.3.5 Sorbic Acid
8.5.4.3.5.1 Historical Trend (2018-2023)
8.5.4.3.5.2 Forecast Trend (2024-2032)
8.5.4.3.6 Malic Acid
8.5.4.3.6.1 Historical Trend (2018-2023)
8.5.4.3.6.2 Forecast Trend (2024-2032)
8.5.4.3.7 Acetic Acid
8.5.4.3.7.1 Historical Trend (2018-2023)
8.5.4.3.7.2 Forecast Trend (2024-2032)
8.5.5 Carotenoids
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.5.3 Breakup by Type
8.5.5.3.1 Astaxanthin
8.5.5.3.1.1 Historical Trend (2018-2023)
8.5.5.3.1.2 Forecast Trend (2024-2032)
8.5.5.3.2 Canthaxanthin
8.5.5.3.2.1 Historical Trend (2018-2023)
8.5.5.3.2.2 Forecast Trend (2024-2032)
8.5.5.3.3 Lutein
8.5.5.3.3.1 Historical Trend (2018-2023)
8.5.5.3.3.2 Forecast Trend (2024-2032)
8.5.5.3.4 Beta-Carotene
8.5.5.3.4.1 Historical Trend (2018-2023)
8.5.5.3.4.2 Forecast Trend (2024-2032)
8.5.6 Enzymes
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.6.3 Breakup by Type
8.5.6.3.1 Phytase
8.5.6.3.1.1 Historical Trend (2018-2023)
8.5.6.3.1.2 Forecast Trend (2024-2032)
8.5.6.3.2 Protease
8.5.6.3.2.1 Historical Trend (2018-2023)
8.5.6.3.2.2 Forecast Trend (2024-2032)
8.5.7 Mycotoxin Detoxifiers
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.7.3 Breakup by Type
8.5.7.3.1 Binders
8.5.7.3.1.1 Historical Trend (2018-2023)
8.5.7.3.1.2 Forecast Trend (2024-2032)
8.5.7.3.2 Modifiers
8.5.7.3.2.1 Historical Trend (2018-2023)
8.5.7.3.2.2 Forecast Trend (2024-2032)
8.5.8 Flavors and Sweeteners
8.5.8.1 Historical Trend (2018-2023)
8.5.8.2 Forecast Trend (2024-2032)
8.5.8.3 Breakup by Type
8.5.8.3.1 Flavors
8.5.8.3.1.1 Historical Trend (2018-2023)
8.5.8.3.1.2 Forecast Trend (2024-2032)
8.5.8.3.2 Sweeteners
8.5.8.3.2.1 Historical Trend (2018-2023)
8.5.8.3.2.2 Forecast Trend (2024-2032)
8.5.9 Antibiotics
8.5.9.1 Historical Trend (2018-2023)
8.5.9.2 Forecast Trend (2024-2032)
8.5.9.3 Breakup by Type
8.5.9.3.1 Tetracycline
8.5.9.3.1.1 Historical Trend (2018-2023)
8.5.9.3.1.2 Forecast Trend (2024-2032)
8.5.9.3.2 Penicillin
8.5.9.3.2.1 Historical Trend (2018-2023)
8.5.9.3.2.2 Forecast Trend (2024-2032)
8.5.10 Minerals
8.5.10.1 Historical Trend (2018-2023)
8.5.10.2 Forecast Trend (2024-2032)
8.5.10.3 Breakup by Type
8.5.10.3.1 Potassium
8.5.10.3.1.1 Historical Trend (2018-2023)
8.5.10.3.1.2 Forecast Trend (2024-2032)
8.5.10.3.2 Calcium
8.5.10.3.2.1 Historical Trend (2018-2023)
8.5.10.3.2.2 Forecast Trend (2024-2032)
8.5.10.3.3 Phosphorus
8.5.10.3.3.1 Historical Trend (2018-2023)
8.5.10.3.3.2 Forecast Trend (2024-2032)
8.5.10.3.4 Magnesium
8.5.10.3.4.1 Historical Trend (2018-2023)
8.5.10.3.4.2 Forecast Trend (2024-2032)
8.5.11 Antioxidants
8.5.11.1 Historical Trend (2018-2023)
8.5.11.2 Forecast Trend (2024-2032)
8.5.11.3 Breakup by Type
8.5.11.3.1 BHA
8.5.11.3.1.1 Historical Trend (2018-2023)
8.5.11.3.1.2 Forecast Trend (2024-2032)
8.5.11.3.2 BHT
8.5.11.3.2.1 Historical Trend (2018-2023)
8.5.11.3.2.2 Forecast Trend (2024-2032)
8.5.11.3.3 Ethoxyquin
8.5.11.3.3.1 Historical Trend (2018-2023)
8.5.11.3.3.2 Forecast Trend (2024-2032)
8.5.11.3.4 Others
8.5.12 Non-Protein Nitrogen
8.5.12.1 Historical Trend (2018-2023)
8.5.12.2 Forecast Trend (2024-2032)
8.5.12.3 Breakup by Type
8.5.12.3.1 Urea
8.5.12.3.1.1 Historical Trend (2018-2023)
8.5.12.3.1.2 Forecast Trend (2024-2032)
8.5.12.3.2 Ammonia
8.5.12.3.2.1 Historical Trend (2018-2023)
8.5.12.3.2.2 Forecast Trend (2024-2032)
8.5.12.3.3 Others
8.5.13 Preservatives
8.5.13.1 Historical Trend (2018-2023)
8.5.13.2 Forecast Trend (2024-2032)
8.5.13.3 Breakup by Type
8.5.13.3.1 Mould Inhibitors
8.5.13.3.1.1 Historical Trend (2018-2023)
8.5.13.3.1.2 Forecast Trend (2024-2032)
8.5.13.3.2 Anticaking Agents
8.5.13.3.2.1 Historical Trend (2018-2023)
8.5.13.3.2.2 Forecast Trend (2024-2032)
8.5.14 Phytogenics
8.5.14.1 Historical Trend (2018-2023)
8.5.14.2 Forecast Trend (2024-2032)
8.5.14.3 Breakup by Type
8.5.14.3.1 Essential Oils
8.5.14.3.1.1 Historical Trend (2018-2023)
8.5.14.3.1.2 Forecast Trend (2024-2032)
8.5.14.3.2 Herbs and Spices
8.5.14.3.2.1 Historical Trend (2018-2023)
8.5.14.3.2.2 Forecast Trend (2024-2032)
8.5.14.3.3 Oleoresin
8.5.14.3.3.1 Historical Trend (2018-2023)
8.5.14.3.3.2 Forecast Trend (2024-2032)
8.5.14.3.4 Others
8.5.15 Probiotics
8.5.15.1 Historical Trend (2018-2023)
8.5.15.2 Forecast Trend (2024-2032)
8.5.15.3 Breakup by Type
8.5.15.3.1 Lactobacilli
8.5.15.3.1.1 Historical Trend (2018-2023)
8.5.15.3.1.2 Forecast Trend (2024-2032)
8.5.15.3.2 Stretococcus Thermophilus
8.5.15.3.2.1 Historical Trend (2018-2023)
8.5.15.3.2.2 Forecast Trend (2024-2032)
8.5.15.3.3 Bifidobacteria
8.5.15.3.3.1 Historical Trend (2018-2023)
8.5.15.3.3.2 Forecast Trend (2024-2032)
8.5.15.3.4 Others
8.6 Global Feed Additives Market by Livestock
8.6.1 Ruminants
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Type
8.6.1.3.1 Calves
8.6.1.3.1.1 Historical Trend (2018-2023)
8.6.1.3.1.2 Forecast Trend (2024-2032)
8.6.1.3.2 Dairy Cattle
8.6.1.3.2.1 Historical Trend (2018-2023)
8.6.1.3.2.2 Forecast Trend (2024-2032)
8.6.1.3.3 Beef Cattle
8.6.1.3.3.1 Historical Trend (2018-2023)
8.6.1.3.3.2 Forecast Trend (2024-2032)
8.6.1.3.4 Others
8.6.2 Poultry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Type
8.6.2.3.1 Broilers
8.6.2.3.1.1 Historical Trend (2018-2023)
8.6.2.3.1.2 Forecast Trend (2024-2032)
8.6.2.3.2 Layers
8.6.2.3.2.1 Historical Trend (2018-2023)
8.6.2.3.2.2 Forecast Trend (2024-2032)
8.6.2.3.3 Breeder
8.6.2.3.3.1 Historical Trend (2018-2023)
8.6.2.3.3.2 Forecast Trend (2024-2032)
8.6.3 Swine
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.3.3 Breakup by Type
8.6.3.3.1 Starters
8.6.3.3.1.1 Historical Trend (2018-2023)
8.6.3.3.1.2 Forecast Trend (2024-2032)
8.6.3.3.2 Growers
8.6.3.3.2.1 Historical Trend (2018-2023)
8.6.3.3.2.2 Forecast Trend (2024-2032)
8.6.3.3.3 Sows
8.6.3.3.3.1 Historical Trend (2018-2023)
8.6.3.3.3.2 Forecast Trend (2024-2032)
8.6.4 Aquatic Animal
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Feed Additives Market by Form
8.7.1 Dry
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Liquid
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Feed Additives Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Feed Additives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Feed Additives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Feed Additives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Feed Additives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Feed Additives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cargill, Incorporated
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Archer Daniels Midland Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Evonik Industries AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 BASF SE
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 DSM
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Biovet S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Chr. Hansen Holding A/S
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Novozymes Group
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Kemin Industries, Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Nutreco N.V.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 International Flavors & Fragrances Inc.
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Feed Additives Market: Key Industry Highlights, 2018 and 2032
2. Global Feed Additives Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Feed Additives Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Feed Additives Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Feed Additives Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Feed Additives Historical Market: Breakup by Livestock (USD Billion), 2018-2023
7. Global Feed Additives Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
8. Global Feed Additives Historical Market: Breakup by Form (USD Billion), 2018-2023
9. Global Feed Additives Market Forecast: Breakup by Form (USD Billion), 2024-2032
10. Global Feed Additives Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Feed Additives Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Feed Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Feed Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Feed Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Feed Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Feed Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Feed Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Feed Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Feed Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Feed Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Feed Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Feed Additives Market Structure
The global feed additives market reached a value of USD 73.00 billion in 2023.
The market is further expected to grow at a CAGR of 5.3% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 116.34 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising consciousness regarding health and wellness of animals, and the growing industrialisation.
The rising consumer knowledge about the benefits of these additives, together with the outbreak of various diseases, is expected the key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major sources of feed additives include synthetic and natural.
The leading forms of the product in the market are dry and liquid.
The major product types include amino acids, phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavours and sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, preservatives, phytogenic, and probiotics.
The livestock can be divided into ruminants, poultry, swine, and aquatic animal, among others.
The leading players in the market are Cargill, Incorporated, Archer Daniels Midland Company, Evonik Industries AG, BASF SE, DSM, Biovet S.A., Chr. Hansen Holding A/S, Novozymes Group, Kemin Industries, Inc., Nutreco N.V., and International Flavors & Fragrances Inc., among others.
The global feed additives market attained a value of USD 73.00 billion in 2023, driven by the rising urbanisation. Aided by the increasing investments in R&D activities to deliver improved products, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.3%. The market is projected to reach USD 116.34 billion by 2032.
EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the market. Based on its sources, the market can be segmented into synthetic and natural. By form, the market can be divided into dry and liquid. On the basis of product type, the market can be segmented into amino acids, phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavours and sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, preservatives, phytogenic, and probiotics. Ruminants, poultry, swine, and aquatic animal, among others are the major types of livestock in the market. The major regional markets for feed additives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill, Incorporated, Archer Daniels Midland Company, Evonik Industries AG, BASF SE, DSM, Biovet S.A., Chr. Hansen Holding A/S, Novozymes Group, Kemin Industries, Inc., Nutreco N.V., and International Flavors & Fragrances Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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