Global Feed Additives Market - Growth, Trends, and Forecast (2019 - 2024)

The Global Feed Additives Market (henceforth, referred to as the market studied) is segmented by Type, Sub Additive Type, Animal Type, and Geography.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Key Players:

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Market Overview

The global feed additives market (henceforth, referred to as the market studied) was valued at USD 31.74 billion in 2018, and it is expected to register a CAGR of 4.6% during the forecast period (2019-2024). Asia-Pacific is projected to be the fastest-growing market. Economic growth, industrialization of the livestock industry, rising farmers awareness, and government support are the major factors for market attractiveness in this region.

Feed additives are essential for animal nutrition, as they improve the quality of feed, and thereby improve animals’ performance and health. Industrialization of the livestock and meat sector is an important factor driving the demand for feed additives across the world. Amino acids, antibiotics, organic acids, and vitamins are the major segments, accounting for more than 40% of the global feed additives market. The determined push from the EU for alternatives to antibiotics has led to increased consumption of acidifiers and probiotics in Europe. The poultry segment is the largest consumer in the market studied, and the present trend of consolidation and backward integration of poultry processors is expected to maintain a steady demand for additives during the forecast period.

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. Industrialization of the livestock, feed, and processed meat industry has necessitated the application of feed additives, as they act as a supplement, nutrient enhancer, feed conditioner, etc., with all required essential elements for optimum growth of the animals.

Additive Type
Antibiotics
Tetracyclines
Penicillins
Other Antibiotics
Vitamins
A
B
C
E
Other Vitamins
Antioxidants
BHA
BHT
Ethoxyquin
Other Antioxidants
Amino Acids
Tryptophan
Lysine
Methionine
Threonine
Other Amino Acids
Enzymes
Carbohydrases
Phytases
Other Enzymes
Mycotoxin Detoxifiers
Binders
Bio-transformers
Prebiotics
Inulin
Fructo Oligosaccharides
Galacto Oligosaccharides
Other Prebiotics
Probiotics
Lactobacilli
Bifidobacteria
Other Probiotics
Flavors and Sweeteners
Flavors
Sweeteners
Pigments
Carotenoids
Curcumin and Spurulina
Other Pigments
Binders
Natural
Synthetic
Minerals
Micro Minerals
Macro Minerals
Animal Type
Ruminants
Swine
Poultry
Other Animal Types
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Egypt
Rest of Middle East & Africa

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Key Market Trends

Increased Industrial Livestock Production

The demand for food derived from animals across the world has been increasing at a fast pace. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains. According to the World Bank, industrialized meat production is growing six times faster than traditional meat production methods. The meat production industry is witnessing an upward trend during the recent past years, especially, in the developed countries, such as the United States, and European countries with reduced land usage. This boosts the production of livestock as well as meat, which in turn, accelerates the demand for feed additives for feeding the growing livestock population in these countries.

The shift toward meat production industrialization requires a better regulatory framework to protect public health and guarantee high-quality feed additive inputs in animal feeds, to enhance the efficiency of meat production. Feedlot-raised animals are kept indoors for the majority of the year and are given compound feed to enhance their growth and supply them with essential nutrients. This leads to increased demand and consumption of compound feed, thereby, driving the market for feed additives, globally. 

 
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Prebiotics is the Fastest Growing Feed Additive

Prebiotics are attracting considerable interest from pet owners, pet food manufacturers, livestock producers, and feed manufacturers. The most common forms of prebiotics are non-digestible oligosaccharides (NDO), including inulin, oligofructose manna oligosaccharides, glucooligosaccharides, and galactooligosaccharides. Organic nature of prebiotics is making them a lucrative option for the industry, as there are no regulations on product addition, and they are more accepted by consumers as safer alternatives. Due to this, the market for prebiotics is the fastest growing as compared to others. Among all the feed prebiotics, inulin is the largest market segment in prebiotics and it has been constantly gaining popularity as a major prebiotic and as a functional fiber in the developed countries, particularly in the EU, due to the ban on antibiotics use in animal feed.  

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Competitive Landscape

The 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. They are targeting countries in Asia-Pacific for business expansion, by either investing in new production units or acquiring established small players in the region.

Major Players

  1. BASF SE
  2. Cargill Incorporated
  3. Adisseo
  4. Alltech
  5. Elanco

* Complete list of players covered available in the table of contents below

Feed Additives Market

Download the market shares of key players in this industry.

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 Forces Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Additive Type

      1. 5.1.1 Antibiotics

        1. 5.1.1.1 Tetracyclines

        2. 5.1.1.2 Penicillins

        3. 5.1.1.3 Other Antibiotics

      2. 5.1.2 Vitamins

        1. 5.1.2.1 A

        2. 5.1.2.2 B

        3. 5.1.2.3 C

        4. 5.1.2.4 E

        5. 5.1.2.5 Other Vitamins

      3. 5.1.3 Antioxidants

        1. 5.1.3.1 BHA

        2. 5.1.3.2 BHT

        3. 5.1.3.3 Ethoxyquin

        4. 5.1.3.4 Other Antioxidants

      4. 5.1.4 Amino Acids

        1. 5.1.4.1 Tryptophan

        2. 5.1.4.2 Lysine

        3. 5.1.4.3 Methionine

        4. 5.1.4.4 Threonine

        5. 5.1.4.5 Other Amino Acids

      5. 5.1.5 Enzymes

        1. 5.1.5.1 Carbohydrases

        2. 5.1.5.2 Phytases

        3. 5.1.5.3 Other Enzymes

      6. 5.1.6 Mycotoxin Detoxifiers

        1. 5.1.6.1 Binders

        2. 5.1.6.2 Bio-transformers

      7. 5.1.7 Prebiotics

        1. 5.1.7.1 Inulin

        2. 5.1.7.2 Fructo Oligosaccharides

        3. 5.1.7.3 Galacto Oligosaccharides

        4. 5.1.7.4 Other Prebiotics

      8. 5.1.8 Probiotics

        1. 5.1.8.1 Lactobacilli

        2. 5.1.8.2 Bifidobacteria

        3. 5.1.8.3 Other Probiotics

      9. 5.1.9 Flavors and Sweeteners

        1. 5.1.9.1 Flavors

        2. 5.1.9.2 Sweeteners

      10. 5.1.10 Pigments

        1. 5.1.10.1 Carotenoids

        2. 5.1.10.2 Curcumin and Spurulina

        3. 5.1.10.3 Other Pigments

      11. 5.1.11 Binders

        1. 5.1.11.1 Natural

        2. 5.1.11.2 Synthetic

      12. 5.1.12 Minerals

        1. 5.1.12.1 Micro Minerals

        2. 5.1.12.2 Macro Minerals

    2. 5.2 Animal Type

      1. 5.2.1 Ruminants

      2. 5.2.2 Swine

      3. 5.2.3 Poultry

      4. 5.2.4 Other Animal Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Egypt

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Company Profiles

      1. 6.2.1 Adisseo SAS

      2. 6.2.2 BASF SE

      3. 6.2.3 Danisco Animal Nutrition

      4. 6.2.4 Archer Daniels Midland Co. (ADM)

      5. 6.2.5 Cargill Inc.

      6. 6.2.6 InVivo NSA SA (Neovia)

      7. 6.2.7 Kemin Industries Inc.

      8. 6.2.8 Nutreco NV

      9. 6.2.9 Phibro Animal Health Corp.

      10. 6.2.10 Lallemand Inc.

      11. 6.2.11 Alltech Inc.

      12. 6.2.12 Novozymes AS

      13. 6.2.13 Beneo GmbH

      14. 6.2.14 Elanco Animal Health

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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