The global demand for Animal Feed Additives Market is presumed to reach the market size of nearly USD 62.56 Billion by 2032 from USD 42.1 Billion in 2023 with a CAGR of 4.5% under the study period 2024 - 2032. The global animal feed additives stood at around XX Kilo Tons in 2023 and is expected to reach XX Kilo Tons in 2032, growing at a CAGR of around X.X% between 2024 and 2032.
Animal feed additives are materials added to animal feed in small quantities to boost the overall nutritional value. They function to foster physiological processes, such as immune function, stress resistance, and reproduction, making them strong enough to fight the health condition. Animal feed additives include nutrients and medicines like feeding attractants, immune-stimulants, prebiotics, probiotics, acidifiers, essential oils, and other inclusions.
Market Dynamics
Animal feed additives consumption will spur worldwide with a surge in meat product demand, growing concerns over meat quality, and rising safety issues with the outbreak of livestock diseases. Share of meat-eaters is propelling due to high inclination towards protein-rich food, changing eating habits, and widening popularity of dishes offered. Furthermore, rising awareness among farmers about the benefits and the crucial role of feed additives to boost the overall health and performance of the animal also encourages growth. Key players are launching new products with unique formulation and standardized active ingredients to ensure a consistent response, creating new attributes for market growth. However, raw material price fluctuation and low awareness among farmers in some regions are hampering the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of animal feed additives. The growth and trends of Animal Feed Additives Industry provide a holistic approach to this study.
Market Segmentation
This section of the animal feed additives market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Antibiotics
- Vitamins (Vitamin A, Vitamin E, Vitamin B, Vitamin C, Other Vitamins)
- Antioxidants
- Amino Acids (Tryptophan, Lysine, Methionine, Threonine, Other Amino Acids)
- Feed Enzymes (Phytase, Non-Starch Polysaccharides & Other Feed Enzymes)
- Feed Acidifiers
- Phosphates
- Carotenoids
- Mycotoxin Detoxifiers
- Flavors & Sweeteners
- Minerals
- Non-Protein Nitrogen
- Phytogenics
- Preservatives
- Probiotics
- Other Products
By Source
By Form
By Livestock
- Pork/Swine
- Poultry
- Cattle
- Aquaculture
- Other Livestock
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Animal Feed Additives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Animal Feed Additives Market Share by Region (Representative Graph)
Know more about this report: Download free sample
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the animal feed additives market include ADM, Ajinomoto Co. Inc., Alltech Inc., Anova Group, BASF SE, Biomin Holding GmbH, Cargill Inc., Centafarm SRL, Chr. Hansen Holding, DSM, Evonik Industries, Hong Ha Nutrition. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.