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What key factors are powering the surge in the feed additives market right now?

In recent times, there has been a considerable increase in the size of the feed additives market. It is projected to escalate from $20.22 billion in 2024 to $21.61 billion in 2025 with a compound annual growth rate (CAGR) of 6.9%. The surge in this historic phase can be related to factors such as increased livestock production, disease prevention, improvements in feed conversion efficiency, nutritional needs, and a surge in meat consumption.

How fast Is the feed additives market expected to grow, and what’s its future value?

The market size of feed additives is predicted to experience remarkable growth in the forthcoming years, surging to $28.65 billion by 2029 with an annual compound growth rate (CAGR) of 7.3%. The increased growth during this period is due to increased concerns about animal welfare, the transition towards sustainable and organic farming methods, precision livestock farming, regulatory modifications, and global population increase. In the predicted period, the main market trends to look out for include technological innovation in the production of feed additives, the use of nutrigenomics in feed mixtures, tactical partnerships and synergies, regulatory compliance, transparency, digitalization, and precision livestock farming.

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What are the leading drivers of growth in the feed additives market?

The advancement of the feed additives market is anticipated to be fueled by the rising demand for meat and dairy products. Meat refers to the edible flesh of animals, including birds and fish, and when included as part of a balanced diet can be very nutritious. On the other hand, dairy products encompass milk and all milk-derived foods like butter, cheese, and ice cream. Feed additives serve the purpose of enhancing the nutritional value of animal feed, thus boosting the production of meat and dairy products and improving the overall quality of the animal feed and food. For example, a report from the Government of Canada’s official website in May 2022 revealed that Canadian consumers’ per capita meat consumption surged from Can$523.9 in 2017 to Can$601.1 in 2021 and is projected to increase to Can$723.1 by 2026. As a result, the expanding demand for meat and dairy products plays a significant role in driving the feed additives market’s growth.

What are the key segments defining the feed additives market?

The feed additives market covered in this report is segmented –

1) By Product Type: Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors And Sweeteners, Antibiotics, Other Products

2) By Livestock: Poultry, Ruminants, Swine, Aquatic Animals, Other livestocks

3) By On Source Type: Synthetic, Natural

4) By Form: Liquid, Dry

Subsegments:

1) By Amino Acids: L-Lysine, L-Threonine, L-Tryptophan, Methionine, Other Amino Acids

2) By Phosphates: Dicalcium Phosphate, Monocalcium Phosphate, Tricalcium Phosphate, Other Phosphates

3) By Vitamins: Vitamin A, Vitamin D, Vitamin E, B-Vitamins, Other Vitamins

4) By Acidifiers: Organic Acidifiers, Inorganic Acidifiers, Blend of Acidifiers

5) By Carotenoids: Beta-Carotene, Lutein, Astaxanthin, Other Carotenoids

6) By Enzymes: Proteases, Amylases, Phytases, Cellulases, Other Enzymes

7) By Mycotoxin Detoxifiers: Adsorbents, Biochemical Detoxifiers, Other Detoxifiers

8) By Flavors And Sweeteners: Natural Flavors, Artificial Flavors, Sweeteners

9) By Antibiotics: Tetracyclines, Penicillins, Macrolides, Other Antibiotics

10) By Other Products: Probiotics, Prebiotics, Phytogenics, Other Additives

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Who are the key players steering the development of the feed additives market?

Major companies operating in the feed additives market include Cargill Incorporated, Archer-Daniels-Midland Company, DuPont de Nemours Inc., Evonik Industries AG, BASF SE, Koninklijke DSM N.V., Novozymes A/S, Chr. Hansen A/S, Nutreco N.V., Kemin Industries Inc., Alltech Inc., Ajinomoto Co.Inc., Adisseo Co. Ltd., Tegasa, Palital Feed Additives B.V., Solvay S.A., Anpario plc, Biomin Holding GmbH, BioResource International Inc., Biovet JSC, Calysta Inc., Danisco Animal Nutrition, Devenish Nutrition, DSM Nutritional Products AG, Elanco Animal Health Inc., Enzyme Innovation, Feedworks USA Ltd., Global Animal Products Inc., Kalsec Inc., Lesaffre Group, Novus International Inc., Phibro Animal Health Corporation, QualiTech Inc., Wacker Chemie AG

What emerging trends are influencing the growth of the feed additives market?

Leading businesses active in the feed additive space are prioritizing the development of novel products, such as feed supplements derived from plants, in order to boost animal health, augment feed efficiency, and encourage eco-friendly farming methods. These plant-based feed additives can enhance the overall caliber of animal-derived products like meat and dairy by intensifying the taste and nutritional content. As an illustration, Evonik, a chemical organization based in Germany, in February 2023, introduced the PhytriCare IM feed supplement. The product comprises specially chosen plant extracts abundant in flavonoids, well-known for their anti-inflammatory qualities. PhytriCare IM is specifically formulated to avert over-the-top inflammatory reactions in sows, laying hens, and dairy cows, and is widely available across the EU.

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Which regions are most influential in expanding the feed additives market?

Asia-Pacific was the largest region in the feed additives market in 2024. The regions covered in the feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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