Animal Feed Additives Market Size Report | Forecast & Growth by 2028

Animal Feed Additives Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Amino Acids, Vitamins, Carotenoids, Enzymes, Prebiotics And Probiotics, Minerals, Acidifiers, Lipids, And Others) and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

Publication Month : Dec 2021

  • Report Code : TIPRE00005141
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 160
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[Research Report] The animal feed additives market was valued at US$ 34,583.5 million in 2021 and is projected to reach US$ 49,874.8 million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028. 

Market Insights and Analyst View:

Feed additives are substances or micro-organisms which are intentionally added to feed to enhance their nutritional quality. The additives might impact feed presentation, hygiene, digestibility, or effect on intestinal health.  The demand for animal feed additives is increasing at a high pace as the consumption of meat and related products is rising globally. The market is characterized by presence of large number of participants resulting in highly fragmented market. The leading market players are focused on expanding business in international and domestic markets for further market penetration.

Growth Drivers and Challenges:

The addition of feed additives is particularly important in specially formulated diets where rapid ingestion is highly desirable. A few additives such as vitamins and amino acids and their metabolites are essential regulators of metabolic activities in animals for resistance to environmental stressors, reproduction, larval metamorphosis, behavior, immunity, growth, maintenance, nutrient utilization, and feed intake. The various benefits of additives have resulted in the growing utilization of additives to target specific health conditions. Therefore, the increasing use of additives in animal feed is fueling the demand for the animal feed additives market.

Moreover, industrial livestock production has undergone a significant transformation due to the advancements in antibiotics and animal vaccinations. The increasing demand for meat-based products propels the production of industrial livestock. Livestock products account for 16% of energy and 34% of the protein in human diets. Also, livestock production accounts for around 19% of the value of food production and 30% of the global value of agriculture. The demand for livestock products is driven by the changing lifestyles and food preferences, increasing urbanization, growing income, and the rapidly rising world population. Therefore, the high demand for livestock products drives the animal feed additives market. However, many developed countries and regions banned or started banning the use of antibiotics as a growth promoter. For instance, the U.S. Food and Drug Administration (FDA) introduced new regulations effective January 1, 2017, to ban the use of antibiotics as feed supplements to help livestock grow faster. Such regulations restrain the demand for animal feed additives and can further hamper the market growth.

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Animal Feed Additives Market: Strategic Insights

Market Size Value inUS$ 34,583.5 million in 2021
Market Size Value byUS$ 49,874.8 million by 2028
Growth rateCAGR of 5.4% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Report Segmentation and Scope:

The “Global Animal Feed Additives Market” is segmented on the basis of product type, application, and geography. Based on product type, the animal feed additives market is segmented into amino acid, vitamins, carotenoids, enzymes, prebiotics & probiotic, minerals, acidifiers, lipids, and others. In terms of application, the market is classified into poultry, ruminants, swine, aquaculture, and others. The animal feed additives market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

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Segmental Analysis:

Based on application, the animal feed additives market is segmented into poultry, ruminants, swine, aquaculture, and others. The poultry segment holds a significant share of the market and is expected to register a significant CAGR in the animal feed additives market during the forecast period. The feed additives are commonly used in poultry diets are antimicrobials, antioxidants, emulsifiers, binders, pH control agents, and enzymes.  These additives are primarily used to improve the efficiency of the bird’s growth and laying capacity. It also helps to prevent disease and improve feed utilization. Furthermore, an increase in demand and consumption of livestock-based products such as dairy, dairy-based products, meat, and eggs is expected to drive the feed additives market in the growth and development of poultry livestock.

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Regional Analysis:

Based on geography, the animal feed additives market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global animal feed additives market was dominated by Asia Pacific; the market in this region was valued at US$ 12,713 million in 2022. North America is the second major contributor to the market, which holds more than 20% of the global animal feed additives market share.  South & Central America is expected to register a significant CAGR in the market during the forecast period. The market in APAC is expected to grow during the forecast period due the rising production of animal feed and growing livestock. Asia-Pacific is the largest producers of animal feed globally. The region accounts for the largest human population among all five regions and contains around 60% of global population. Hence, the mass of the region is bolstering the demand for meat and dairy products, which is leading the region for livestock and subsequently favoring the animal feed additives market growth in the region. Moreover, the animal feed additives market in North America is also witness growth during the forecast period due to the rise in demand for quality meat products across the region. the rising production and consumption of animal feed among livestock farms proliferates the growth of the animal feed additives market in North America.

Industry Developments and Future Opportunities:

Various initiatives taken by key players operating in the animal feed additives market are listed below:

  1. In November 2021, Archer-Daniels-Midland Company announced the opening of its new animal nutrition laboratory located in Rolle, Switzerland. The new lab will support the growth of science-based feed additives in order to meet customer needs for pet food, aquaculture, and livestock species globally.
  2. In December 2022, Adisseo group had agreed to acquire Nor-Feed and its subsidiaries to develop and register botanical additives for use in animal feed.
  3. In October 2022, the partnership between Evonik and BASF allowed Evonik certain non-exclusive licensing rights to OpteinicsTM, a digital solution to improve comprehension and reduce the environmental impact of the animal protein and feed industries.

COVID-19 Impact:

The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverage, animal feed industries. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Animal feed manufacturers temporarily close their operations or limit their production capacities, negatively impacting the animal feed additives market growth. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxations in certain regulations, including lockdowns and travel bans. Along with this, the relaxation of trade restrictions aided in import and export operations, positively impacting the animal feed additives market growth.

Competitive Landscape and Key Companies:

A few of the prominent players operating in the global animal feed additives market include ADM, Cargill, Incorporated, Alltech, Land O'Lakes, Inc., EVONIK, Dupont DE Nemours, Inc., Nutreco N.V, NOVOZYMES, KEMIN INDUSTRIES INC among others. These market players are adopting strategic development initiatives to expand, further driving the market growth. 

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Livestock

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US

Frequently Asked Questions

What are the key drivers for the growth of the global animal feed additives market?

Animal feed additives are being increasingly used in the production of animal feed. The growing animal feed production across the globe and surge in livestock production as a result of high demand from application industries is expected to drive the global animal feed additives market over the forecast period.

In 2020, which region is fastest growing in the global animal feed additives market?

In 2020, South and Central America had the fastest growth in the global animal feed additives market. The region’s growing population and increasing per capita income of the consumer is accelerating the demand for meat and dairy products and that will increase the livestock farming business in the region. Thus, the growing livestock business is expected to proliferate the growth of the animal feed additives market in the coming years.

Can you list some of the major players operating in the global animal feed additives market?

The major players operating in the global animal feed additives market are Cargill, Incorporated; ADM; Evonik Industries AG; Land O’Lakes, Inc.; Nutreco N.V; Alltech; DuPont de Nemours, Inc.; DSM; Novozymes; Kemin Industries Inc.

In 2020, which region held the largest share of the global animal feed additives market?

In 2020, Asia Pacific accounted for the largest share of the global animal feed additives market. Many Asia-Pacific countries, such as China and India, are among the world's fastest-growing populations. The meat industry is anticipated to expand at a faster pace as a result of the increasing population, rising urbanization, and rapid development of suburban areas. The global animal feed additives market is expected to benefit from growing meat consumption in the region.

Which livestock segment is the fastest growing in the global animal feed additives market?

On the basis of livestock, aquaculture is the fastest growing segment. The aquaculture segment is witnessing increased research and development activities creating growing demand from the application industry. Various types of Phytogenic feed additives (PFAs) are being introduced by market players to which has further fueled the demand.

Which type segment accounted for the largest share in the global animal feed additives market?

In 2020, the amino acids segment accounted for the largest market share. The amino acids combine in different configurations to create a single protein within the body of an animal. An animal needs raw amino acids to synthesize proteins within the body. Therefore, feed is added with amino acid additives on a large scale resulting in a higher revenue share in the global animal feed additives market.

The List of Companies - Animal Feed Additives Market

  1. Cargill, Incorporated
  2. ADM
  3. Evonik Industries AG
  4. Land O’Lakes, Inc.
  5. Nutreco N.V
  6. Alltech
  7. DuPont de Nemours, Inc.
  8. DSM
  9. Novozymes
  10. Kemin Industries Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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