Animal Feed Additives Market Share, Growth & Forecast [2031]

Report Description

The Global Animal Feed Additives Market size was valued at USD 42.56 Billion in 2022 and is expected to surpass USD 59.54 Billion by 2031, expanding at a CAGR of 3.8% during the forecast period, 2023–2031.  The market growth is attributed to the rising demand for and consumption of farm animal products including meats, eggs, and milk. 

Animal feed additives are extra nutrients for livestock that contain various nutrients such as vitamins, amino acids, fungal products, minerals, fatty acids, pharmaceuticals, and steroidal compounds. These additives are an ideal option to help livestock overcome several deficiencies, including performance issues and nutritional problems including loss of appetite, weak bone structure, and problems during pregnancy.

Get Free Sample Report

Feed additives are an important module for the proper growth of livestock as this feed help in preventing disease in animals and improving the rate of feed digestion, vitamin intake, and weight gain. Using feed additives, animals can increase vitamin intake and weight gain that further help in preventing numerous diseases associated with meat products including mouth and foot injections of meat products. Along with growing disposable income, shifting consumer inclination towards a rich diet boosts the animal feed additives industry development.

Superior feed ingredients support the healthy growth of animals and increase the protection from disease caused by harmful micro-organisms. The feed regimes are formed by blending the essential ingredients to provide high-nutrition diets to maintain the health of the animals and increase the production of milk and meat. The use of feed additives to diversify different flavors of the feeds, provide certain nutrients and maintain animals in good health. Essential oils, prebiotics, ionophores, and probiotics are included in primary feed additives for ruminant animals.

The report finds that the COVID-19 pandemic has caused several hardships and resulted in a negative impact on the global animal feed additives market. With the growing apprehensions about COVID-19 animal-borne diseases, animal farming activities across the globe had been shut down, which led to a substantial decline in the demand for animal feed additives. Interruptions in the supply chain such as lack of timely supply of the major raw ingredients, impacted by the worldwide lockdown, forced manufacturers to either delay or reschedule their production of animal feed additives.

Animal Feed Additives Market Dynamics

The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global animal feed additives market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

Get Free Sample Report

Key Trends

Several reports state that more than 85% of people around the globe consume meat and regulation compliance toward labeling of additive composition of feeds from manufacturers is one of the major market trends. Due to increasingly fast-paced lifestyles, the demand for packaged meat foods has escalated significantly over years. To provide clear communication for consumers about feed additives, manufacturers are increasingly integrating technology and applying innovative labeling regarding packed meat and dairy products. To provide information on the meat used on labels on carbon footprint, manufacturers increasingly adopt various labeling technology for packaged foods as a part of government regulation compliance.

Major Drivers

The increasing demand for livestock products pushes to increase animal farming and its product yields. The development of innovative technologies helps in expanding the large-scale production of meat and poultry globally. The high consumption rate of meat and the presence of a large number of meat manufacturers, especially in developed regions such as Europe and North America further fuel the market expansion. Thus, the increasing demand for meat propels additive manufacturers to increase their animal feed production levels.

Rising demand and consumption of farm animal products such as meat, eggs, and dairy are anticipated to drive the sales of feed. Poultry meat is widely consumed across the globe due to massive facilities for production, low manufacturing cost, and high demand for meat in both developing and developed countries. The growing consumption of meats and the rising trend toward animal protein is largely influenced by the rising awareness regarding the health benefits of eggs, meat, and milk. The usage of feed additives enhances the nutritional level of feeds.

Existing Restraints

Feed manufacturers are facing major challenges in the production of additives, due to strict government regulations banning the use of certain antibiotics in feed additives. The existing difference in government regulations regarding the development and production of feed additives in different countries acts as a key restraining factor for the market. Moreover, increasing costs of extraction of different sources including antioxidant components as well as strict regulations regarding waste biomaterials and wastewater treatment are expected to hamper the overall market.

Emerging Opportunities

Controlling diseases and promoting the growth of animals are key targets of using animal feed additives including poultry diets. Several manufacturers are shifting toward feed-grade organic components, due to wide government sponsors, to enhance disease resistance and ensure the food safety of animals. With the help of modern science feed, productions are accepting new forms of natural feed additives separately from antibiotics. Botanical additives include such as plant extracts or blends of herbs that increase effective animal growth. Bioactive ingredients such as flavonoids, bitters, tannins, mucilage, alkaloids, glycosides, and saponins are different plant extracts and herbs.

Scope of Animal Feed Additives Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Animal Feed Additives Market Segment Insights

On the basis of product, the global animal feed additive market is segmented into enzyme, flavor, mineral, antioxidant, probiotic, amino acid, phytogenic, sweetener, vitamin, preservative, phosphate, acidifier, mycotoxin detoxifiers, non-protein nitrogen, antibiotic, and carotenoid.

The vitamin segment is expected to expand at a significant growth rate during the projected period, owing to the wide use of vitamins such as vitamin A, C, D, E, K, B2, B6, and B12 in animal feeds, caplan, biotin, niacin, and folic acid are key vitamin components widely used in feeds. Vitamin E is the most consumed product in feeds owing to the ability to expand the handling, dispersion, stability, and compatibility characteristics for feed fortification.

The antioxidant segment is expected to constitute a major market share in the coming years. The segment growth is attributed to the rising demand for antioxidant products due to its wide applications in livestock feeds such as cattle, swine, pet, aquatic animals, and poultry. Antioxidants prevent the development of cytotoxin in animal food products.

The phytogenic segment is anticipated to hold a key share of the market in the coming years. The substances present in phytogenic additives are classified on the basis of processing, botanical origin, and composition. Feed phytogenics are substances of plant origin added to animal diets at recommended levels to improve animal performance.

Based on source, the global market is bifurcated into natural and synthetic. The synthetic segment is expected to expand considerably in the market during the forecast period, owing to the low production costs and wide availability of raw materials for the preparation of the source type. Feed additives are produced artificially using several easily-available components to enhance the nutrition levels of feeds.

On the basis of livestock, the global animal feed additive market is segmented into cattle, aquatic animals, ruminants, swine, poultry, and others. The poultry segment is expected to grow the fastest in the market during the forecast period. Rising consumer preference for poultry products including meat, eggs, and milk resulted in the growing demand for poultry feed additives. Additionally, the rising rate of diseases in poultry farming facilities such as bird flu has forced farmers to make conscious efforts to prevent the disease and maintain the well-being of animals. Thus, the demand for nutritious feed additives for poultry is widely increasing among poultry farmers. Similarly, increasing per capita income boosts the demand for high-protein animal products, which acts as a primary factor for fueling the segment.

Get Free Sample Report

Based on form, the global market is bifurcated into liquid and dry. The dry segment is expected to account for a large market share in the coming years, owing to the wide use of dry-form feed additives by livestock farmers. The dry additive form is easy to mix with feed and is easy to store & handle for a longer period of time. Accessibility in mash and pellet forms for additional animal nutrition allows farmers to have choices in terms of mixing techniques, which drive the segment.

In terms of region, the global animal feed additive market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market in 2021 and is projected to have the largest share in the global market during the forecast period. High revenue share of the regional market is accredited to the increasing consumption of farm animal products by rising population size, the large presence of livestock breeders, and the increasing purchasing power of a large pool of the regional population. Most major economies such as India and Japan are key countries that have amplified the level of feed production and feed mills in the region.

The market growth in Latin America is largely driven by the rapid development of the animal feed additives market in key economies of the region such as Argentina and Brazil. These two countries are largely recognized for wide investment in agribusiness along with favorable government enterprises to encourage agriculture-related activities further peoples the regional market. The rising demand for nutritional animal feeds among farmers for maintaining the health of livestock boosts the regional market in the region.

Europe has one of the largest customers of meat internationally, which has a wide influence on the increasing demand for animal feed additives in the region. The presence of a large number of health-conscious people and the growing demand for products with high-rich protein among consumers in the region presents another key factor boosting the regional market. Russia's animal feed additives market is witnessing strong development rates, due to high provincial consumption and production rates of meats. Change in consumption patterns from outdated foods to meat products is expected to drive the regional market.

Get Free Sample Report