Global Feed Additives Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Feed additives are the products that are used to improve the efficiency of feed utilisation and the quality of food from animal origin or to improve the animals’ performance and health. Therefore, these are used in animal nutrition. The use of feed additives is strictly regulated in the developed countries to ensure human food safety, animal safety, additive safety, and minimal environmental impact. These are beneficial in some manner to health or metabolism of the animal.

Global Feed Additives Market Segments Size & Growth:

Global Feed Additives Market size is projected to reach approximately $28.25 billion by the end of 2024 with a CAGR of close to 4.5% from $21.78 billion in 2017 during the forecast timeline 2018-2024. The significant factors that propel the growth of the Global Feed Additives Market are growth in feed Production, increase in consumption of animal-based products, standardisation of meat products owing to disease outbreaks and implementation of innovative animal husbandry practices to improve meat quality are the key factors that are driving the market growth. However, a strict regulatory framework, the ban on antibiotics in different nations and volatile raw material prices are the factors that are hindering the growth of the market. On the other hand, Increase in demand for nutritional supplements for monogastric animals and shift towards natural growth promoters are the significant opportunities that drive the market during the forecast period.

Global Feed Additives Market Segments Share:

Global Feed Additives Market is segmented by the type which consists of amino acids, vitamins, phosphate, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavours & sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen and others. Among these segments, amino acids segment contributes the largest market share owing to the increasing the livestock yield and also amino acids play a crucial role in animal nutrition by supporting the growth, production, activity, reproduction and overall maintenance of animal health. By livestock, the market is segmented into poultry, ruminant, aquaculture, swine, and others. Among these segments, poultry segment is anticipated to be the largest segment owing to the growing concern about the animal health and the rise in awareness regarding the use of additives in feedstuff. By form, the market is segmented in to dry and liquid. Among these segments, dry form is anticipated to have the largest market share. Since these additives are easy to mix with feed and ease of storage & handling and transportation & cost advantages over liquid form are the factors that are driving the growth of the segment. From Geography, Asia Pacific region is anticipated to dominate the market owing to the continuous modernisation of animal production techniques and the growing awareness among consumers regarding the impact of quality feed provided to the livestock on animal-based products including meat and dairy products.

Global Feed Additives Market Trends:

• Bi-PROTEC is a mineral solution by Solvay that is based on sodium bicarbonate which maintains a high level of hygiene inside poultry buildings.
• Evonik launches a new global MetAMINO marketing campaign to the region during VIV MEA; the international trade show concerned with topics from feed to food for the Middle East and Africa taking place in Abu Dhabi on 5-7 February 2018.

Global Feed Additives Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by the analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Global Feed Additives Market are:

• ADM
• Solvay
• Evonik
• Adisseo
• Ajinomoto Co., Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Feed Additives Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.