Discover trends, market shifts, and competitive outlooks for the feed additives industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Feed Additives Market In 2029?

The market size for feed additives has seen robust growth in the past few years. The growth is projected to go from $20.22 billion in 2024 to $21.61 billion in 2025, at a compound annual growth rate (CAGR) of 6.9%. Various factors contributed to this growth during the historic period, including the rise in livestock production, disease prevention measures, improvements in feed conversion efficiency, fulfillment of nutritional necessities, and a surge in meat consumption.

Expectations are high for robust expansion of the feed additives market size in the approaching years. The market is predicted to surge to $28.65 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.3%. The projected growth within this period is credited to factors such as emphasis on animal welfare, the adoption of sustainable and organic farming practices, precision in livestock farming, regulatory amendments, and expanding global population. The upcoming period is also expected to witness significant trends such as advancements in technology for feed additive manufacturing, the role of nutrigenomics in feed formulation, strategic partnerships and cooperative ventures in the industry, adherence to regulatory compliances and transparency, and the increasing digitization and precision in livestock farming.

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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Feed Additives Market?

Anticipated expansion in the meat and dairy sectors is set to enhance the growth potential of the feed additives market in the future. The term ‘meat’ refers to the consumable flesh of creatures, including fish and birds and can be integral to a balanced diet, while dairy products encompass milk and foods derived from milk such as butter, cheese, and ice cream. Feed additives are substances introduced into animal feed to meet their nutritional requirements, promoting the production of meat and dairy items to elevate the standard of animal feed and produce. Take, for example, a report issued in May 2022 by the official website of the Government of Canada revealed that per capita meat consumption among Canadian consumers stood at Can$601.1 in 2021, an increase from Can$523.9 in 2017, and is projected to reach Can$723.1 by 2026. Consequently, the expanding meat and dairy segments are fuelling the growth of the feed additives market.

Which Key Market Segments Comprise the Feed Additives Market and Drive Its Revenue Growth?

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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Which Areas Are Leading Regions in the Feed Additives Market Expansion Across the Globe?

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

What Are the Key Market Trends in the Feed Additives Market Over the Coming Years?

Leading firms in the feed additives segment are concentrating on the creation of novel products, like plant-based feed additives. These are meant to boost livestock health, optimize feed efficacy, and encourage sustainable agricultural practices. Animal product quality, in terms of meat and dairy, can be significantly elevated via these additives by improving flavour and boosting nutritional content. For example, Evonik, a chemical company based in Germany, in February 2023, announced the launch of the PhytriCare IM feed additive. This product is comprised of selectively chosen plant extracts rich in flavonoids, known for their anti-inflammatory benefits. PhytriCare IM is engineered to inhibit excessive inflammatory reactions in sows, laying hens, and dairy cows. The product can be effortlessly procured across the EU.

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How Is the Feed Additives Market Conceptually Defined?

Feed additives refer to animal nutrition products that are used to improve the quality of animal food, in addition to animals’ performance and health. Feed additives contain numerous chemicals, substances, or organisms that increase nutritional ingestion, absorption, and assimilation.

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