Animal Feed Additives Market

Outbreak of Livestock Diseases Propels Demand for Animal Feed Additives

Feed additives have experienced substantial growth over the recent past. The animal feed additives market stood at a value of US$35 Bn in 2019 and is expected to register near about 3.7% CAGR over the forecast period of 2021 and 2025. The rise in demand for raw and processed meat, poultry, and fish products is expected to be responsible for growing significance of companion animal health, thereby fuelling the global animal feed additives market. Increasing safety concerns due to outbreak of livestock diseases such as swine flu, and avian/bird flu have significantly boosted the demand. However, regulations implemented by various government bodies regarding the use of antibiotics to treat animals may continue to challenge the rapid pace of animal feed additives market. Moreover, there is a constant shift amongst consumers toward veganism, which is further expected to remain a major roadblock facing animal feed additives market in future.

Government Regulations May Weaken Long-term Growth of Animal Feed Additives Market

Animal feed additives, sourced from microorganisms, are estimated to have a high potential for growth over the next few years. The plant segment is also expected to register noticeable growth over the forecast period. Increased demand for natural, plant-derived ingredients is significantly supporting this segment. On the other hand, the antibiotic segment is estimated to occupy the largest share of the pie in animal feed additives market. However, increasing government regulations regarding the use of antibiotics in livestock feeds due to their potential impact on human health may weaken the performance of this segment in the near future. For instance, the European Union in 2018 passed a new law that mandates limited use of antibiotics in rearing farm animals. The regulatory guideline clearly prevents mass medication in animals, restricting the use of antibiotics, or other drugs.

China, and India to Represent Highly Lucrative Markets for Animal Feed Additives Manufacturers

Asia Pacific is estimated to hold a mammoth share in the global animal feed additives market in terms of value. The largest producers of raw and processed meat in the region, i.e., China, and India will continue to represent the most lucrative markets for manufacturers of animal feed additives. Changing lifestyles of younger generations that are fitness-oriented are being characterized by higher protein consumption, which is expected to drive the animal feed additives market across Asia Pacific. North America and Europe on the other hand are highly dependent upon these nations for the import of raw or processed meat along with a range of aquatic and poultry products. This will remain instrumental to the growth of animal feed additives market in Asia Pacific. To meet the globally soaring demand for processed meat, producers based in the Asian subcontinent thus ought to produce the sufficiently healthy, and improved livestock or aquatic animal, which, in turn, is boosting demand for quality animal feed additives market in the region.

New Product Offerings Become a Clear Winning Strategy

Some of the major players driving the competition in market, include BASF SE, Cargill Inc., Phibro Animal Health Corp., Danisco Animal Nutrition, Novozymes AS, Elanco Animal Health, Archer Daniels Midland Co. (ADM), Kemin Industries Inc., Beneo GmbH, Disseo SAS, and Lallemand Inc.

Global population is shifting toward sustainable and natural food products, pushing the animal feed manufacturers to offer newer product variants comprising natural ingredients. For instance, recently in 2019, Layn Corp, a China-based company expanded with a new business unit for developing feed additives, and antibiotic alternatives. The new business segment will include TruGro Animal Nutrition, plant-based sweeteners and CBD & Hemp extract. The animal nutrition segment focuses on offering botanical extracts, including plant-based sweeteners, and polyphenol-rich extract. The additives will help in addressing palatability, anti-oxidation, and gut health in addition to providing an antimicrobial alternative. The company also announced the launch of TruGro AOX, an antioxidant platform, for the use in animal feed. The product will offer an alternative to synthetic antioxidant while improving performance.

The same year, Ascus Biosciences introduced a new feed additives category, endomicrobials that comprises beneficial microbes residing symbiotically within selected species to enhance productivity, efficiency, and well-being. NUQO, a Europe-based company offers natural ingredients using algae bioactives, and encapsulation techniques. It manufactures solutions at three different production sites across Europe. The company’s portfolio caters to ruminants, pigs, poultry, and aqua species and claims to be aiding in enhancement of animal health, and performance.

The Animal Feed Additives Market Is Segmented As Below:

By Additive Type      

• Amino acids
• Antioxidants
• Feed enzymes
• Feed acidifiers
• Vitamins
• Minerals
• Binders
• Antibiotics
• Sweeteners, flavours, and others

By Livestock  

• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others

By Form         

• Dry
• Liquid
• Others

By Function   

• Single Function
• Multifunction

By Region      

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa

Key Elements Included In The Study: Global Animal Feed Additives Market

• Animal Feed Additives Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value and Volume, 2018 - 2021
• Volume Consumption at Regional and Country Level, 2022 - 2029
• Market Dynamics and Economic Overview
• Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Production Output Analysis (Major Producing Regions)
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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Disclaimer:

• The segmentation/company profiles/countries depicted above may vary in the actual report.