Feed Additives Market by Type (Amino Acids, Vitamins, Carotenoids, Enzymes, Prebiotics and Probiotics, Minerals, Acidifiers, Lipids, and Others) and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026635 | Pages: 100 | Industry: Food and Beverages | Date: Oct 2022 | Type: Global

The market crossed US$ 36 billion mark in 2022 and is expected to hit US$ 54 billion by 2030, recording a CAGR of 5.4% during the forecast period.

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Feed additives market has been significantly growing with the increasing meat consumption

The feed additives market is mainly driven by growing meat consumption and numerous outbreaks of diseases in animals. In addition, the surge in feed production due to the introduction of new feed products and categories of products, such as organic feed, is further propelling the growth of the feed additives market. The amino acids segment is expected to pace up with the growing use of amino acids in animal feed products. Further, other segments such as vitamins, carotenoids, enzymes, and prebiotics are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, livestock, and geography. By type, the market is further segmented into amino acids, vitamins, carotenoids, enzymes, prebiotics and probiotics, minerals, acidifiers, lipids, and others. On the basis of livestock, the market is segmented into poultry, ruminants, swine, aquaculture, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

South & Central America to register the highest growth during the forecast period

In South & Central America, the animal feed additives market is categorized into Brazil, Argentina, and the Rest of South & Central America.  The South & Central America region house large livestock farming countries. The Brazilian feed sector is one of the largest feed sectors in the world.  Brazil also exports a significant proportion of its poultry meat to the Netherlands and other European countries. Further, the growing feed production in the region drives the demand for animal feed additives.

Growing Feed Production

Animal feed is generally fortified or enhanced with feed additives to enhance the quality and performance of feed. Feed additives are also used for better ingestion of feeds. Further, the demand for poultry products such as eggs and meat continue to rise. There is a rise in chicken consumption among people who are more concerned about their health. A high demand for animal products is resulting in the growing feed production. The growing feed production is benefitting the animal feed additives market significantly.

Recent strategic developments in feed additives market

The feed additives market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2022, Kemin Industries launched ENTEROSURE, a new probiotic solution. This new product helps reduce the risk of diseases affecting the intestinal health of poultry and livestock.
  • In 2021, BASF launched the new enzyme product Natupulse TS for animal feed. Natupulse TS is a non-starch polysaccharide (NSP) enzyme.

The feed additives market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cargill, Incorporated; ADM; Evonik Industries AG; Land O’Lakes, Inc.; and Alltech are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Feed additives related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Amino Acids
  • Vitamins
  • Carotenoids
  • Enzymes
  • Prebiotics and Probiotics
  • Minerals
  • Acidifiers
  • Lipids
  • Others
  • Livestock
  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Cargill, Incorporated
  • ADM
  • Evonik Industries AG
  • Land O’Lakes, Inc.
  • Alltech

The List of Companies
- Cargill, Incorporated
- ADM
- Evonik Industries AG
- Land O\'Lakes, Inc.
- Alltech

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