Australia Feed Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Australia Feed Additives Market is segmented by type into antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, Flavours and Sweeteners, feed pigments, feed binders, minerals, and others and by animal type into ruminants, poultry, swine, Aquaculture, and others.

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.3 %

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Market Overview

The Australia feed additive market is anticipated to register a CAGR of 4.3% during the forecast period. The feed additive industry in Australia has undergone a paradigm shift over the years, majorly characterized by a series of technological developments for optimizing production amid the persistent demand for livestock meat and seafood, sustained by the rapidly growing middle-income households in Australia. The increasing demand for livestock products has been driving significant changes on the supply-side, aimed at improvements in livestock product yields. Eubiotics and acidifiers segments lead the feed additive market in Australia.

Scope of the report

With the industrialization of the sector, the use of feed additives has been increasing over the years. The price volatility of natural feed sources during the past decade leads to an increment in the usage of different feed additives in the animal feed industry. The report presents an in-depth analysis of the feed additives market size, factors impacting the market, and the competitive landscape.

Additive Type
Antibiotics
Vitamins
Antioxidants
Aminoacids
Enzymes
Mycotoxin Detoxifiers
Prebiotics
Probiotics.
Flavors and Sweeteners
Pigments
Binders
Minerals
Others
Animal Type
Ruminants
Swine
Poultry
Aquaculture
Others

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Key Market Trends

Eubiotics dominate the Market

The Eubiotics segment dominates the market with a market share of 20%. Eubiotics include probiotics, prebiotics, and organic acids. They aid in improving the health and food safety of the animals. The application rate of eubiotics is 5, 3.9, 1.1, and 4.1 in swine, aquaculture, swine, and ruminants, respectively. ​Among the various eubiotics, probiotics account for the major share followed by prebiotics. DSM is one of the key players in Australia that produces eubiotics. Its product lineup includes 5 products namely, Crina, Cylactin, Vevovitall, and Balancius.​

Australia Feed Additives Market:   Feed Additives, Revenue share (%), Australia, 2019

Increasing Animal Production Drives the Market

The animal production industry in Australia is very well developed with a wide range of animals such as beef cattle, dairy cattle, swine, poultry, and aquatic animals. An increase in the production of animals in Australia is fueling the feed and feed additive consumption demand, thus aiding the Australian feed additive market. Cattle production is the leading type of animal production in Australia. The beef cattle industry accounts for around 25 percent of the total value of Australian farm production and over 20 percent of farm export income. Almost 60 percent of Australian farms carry beef cattle. Therefore, the consumption of feed additives is expected to rise in the cattle industry.

Australia Feed Additives Market: Cattle Production, Head Number, Australia, 2016 - 2018

Competitive Landscape

The Australian feed additives market is highly concentrated, with the top ten companies accounting for more than 50% of the market share. The leading players in the market studied are focused on business expansion to increase their sales. These companies are also concentrated on research and development to launch new products frequently.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Additive Type

      1. 5.1.1 Antibiotics

      2. 5.1.2 Vitamins

      3. 5.1.3 Antioxidants

      4. 5.1.4 Aminoacids

      5. 5.1.5 Enzymes

      6. 5.1.6 Mycotoxin Detoxifiers

      7. 5.1.7 Prebiotics

      8. 5.1.8 Probiotics.

      9. 5.1.9 Flavors and Sweeteners

      10. 5.1.10 Pigments

      11. 5.1.11 Binders

      12. 5.1.12 Minerals

      13. 5.1.13 Others

    2. 5.2 Animal Type

      1. 5.2.1 Ruminants

      2. 5.2.2 Swine

      3. 5.2.3 Poultry

      4. 5.2.4 Aquaculture

      5. 5.2.5 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Alltech

      3. 6.3.3 DSM N.V

      4. 6.3.4 Kemin Industries, Inc.

      5. 6.3.5 Nutreco N.V.

      6. 6.3.6 Novozymes A/S.

      7. 6.3.7 Danisco A/S

      8. 6.3.8 Archer Daniels Midland Co.

      9. 6.3.9 Biovet JSC

      10. 6.3.10 Cargill Inc.

      11. 6.3.11 Chr. Hansen Inc.

      12. 6.3.12 Elanco Animal Health Inc.

      13. 6.3.13 Evonik Industries AG

      14. 6.3.14 Novus International Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The Australia Feed Additives Market market is studied from 2016 - 2026.

The Australia Feed Additives Market is growing at a CAGR of 4.3% over the next 5 years.

BASF SE, Alltech, DSM N.V, Kemin Industries, Inc. , Nutreco N.V. are the major companies operating in Australia Feed Additives Market.

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