The Global Feed Additives Market was valued at USD 27,873.8 million in 2017 and is expected to register a CAGR of 6.5% during the forecast period (2018-2023). China is one of the largest market not only in Asia-Pacific but also worldwide. In 2016, China is expected to consume 170.93 million metric ton of compound feed, almost 18% of the global feed consumption.
India, being one of the leading shrimp exporters, has limited number of aqua feed mills and the domestically produced feed is unable to cater to the global demand. Hence, more than half of the aqua feed is imported from other countries. Dietary supplements of sustainable feed additives, such as prebiotics, have a beneficial effect on fish and shrimp growth, especially in decreasing the feed cost per unit growth of the animal. Prebiotics can also withstand high pelletizing temperatures and have a long shelf life. This is promoting the application of prebiotics in feed, although the usage of prebiotics has not been completely accepted yet.
One of the Fastest Market Growing Segment by Type –Amino Acids
Amino acids in animal feeds have indispensable roles in improving the efficiency of animal protein production and contribute to increasing protein supply. Being the building blocks of proteins and vital for all functions at a cellular level, amino acids are important substances in animal husbandry. Amino acids play a crucial part in anti-oxidative responses, cell signaling, gene expression, immunity etc. Depending on the ability of the animal body to synthesize the amino acids, they are classified into essential and non-essential amino acids. Lysine, methionine, and threonine are among the most essential amino acids that have to be included in the animal feed for better nutrition.
Growth in Compound Feed Industry
The global compound feed market revenue is estimated to register a significant CAGR over the forecast period. The compound feed industry is mainly driven by factors, like increasing meat consumption across the globe and growth in the processed meat industry, due to increased income of middle-class population in developing countries. Demand for high-quality compound feed from livestock industry, due to increased industrial production of meat and dairy products has elicited the growth in consumption of compound feed and feed additives. The raw materials used for compound feed production, such as maize, barley, soybean, are used for human consumption and production of ethanol. In this scenario, the feed industry competes with the food industry for raw materials. This situation has generated the demand for additives that are cost effective and enhance production. The home mixers and large farm owners provide additives to the livestock, to ensure a steady supply of high-quality meat, dairy, and derived products.
Low Innovation in Product Development
The EU and the United States implemented a ban on the use of certain antibiotics as growth promoters for animals is expected to open new business opportunities in the animal feed additives market. This ban is expected to increase uptake of other feed additives, such as enzymes, feed organic acids, and other direct fed microbial, for improving meat quality and production. The ban has led livestock producers to identify new ways to stimulate production among animals and to deliver the same benefits provided by antibiotic growth promoters. However, following the ban, meat producers outside the EU and the United States that export animal products, such as poultry and pork meat, to these regions will find it difficult to match the export standards. Several different feed additives, such as enzymes, amino acids, probiotics, prebiotics, organic acids, and proprietary blends, are emerging as potential alternatives. However, the general belief is that there is no direct replacement available for antibiotic growth promoters and further research is needed to prove the effectiveness of alternative products.
Key Developments of Global Feed Additives Market
- Sep 2018: Feed Info News Service has created an event on feed additives regarding the factors which are impacting the feed value chain.
- Nov 2018: Early bird registration open for World Mycotoxin Forum.
- Major Players: Adisseo France SAS, BASF SE, Danisco A/S, Archer Daniels Midland Co. (ADM), Cargill Inc., InVivo NSA SA (Neovia), Kemin Industries Inc., Nutreco NV, Phibro Animal Health Corp., Lallemand Inc., Alltech Inc., Novozymes A/S, Beneo GmbH, Elanco Animal Health Inc. list not exhaustive.
Global Feed Additives Market
(2014 – 2023)
Market Size in 2017
USD 27,873.8 million
Market Size in 2023
Adisseo France SAS, BASF SE, Danisco A/S, Archer Daniels Midland Co. (ADM), Cargill Inc., InVivo NSA SA (Neovia), Kemin Industries Inc., Nutreco NV, Phibro Animal Health Corp., Lallemand Inc., Alltech Inc., Novozymes A/S, Beneo GmbH, Elanco Animal Health Inc. list not exhaustive.
Global Feed Additives Market offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023.
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the feed additives and growth trends during the forecast period
- The report outlines drives, restraints, and trends that are currently affecting the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The report covers in-detail insights about the competitors’ overview and company share analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Methodology
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Market Overview And Technology Trends
4.1 Current Market Scenario
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of the Suppliers
4.2.2 Bargaining Power of the Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1 Feed Additives Market Drivers
5.1.1 Growth in Compound Feed Industry
5.1.2 Increasing Demand for High-value Animal Protein
5.1.3 Increased Awareness Regarding Safety of Meat and Milk Products
5.1.4 Increased Industrial Livestock Production
5.1.5 Changing Demographics in Asia-Pacific and South America
5.2 Feed Additives Market Restraints
5.2.1 Rising Cost of Raw Materials
5.2.2 Government Regulations
5.3 Feed Additives Market Opportunities
5.3.1 Ban on Antibiotics
5.3.2 Increasing Demand in Asia-Pacific Markets
5.3.3 Rise in the Cost of Natural Feeds
6. Global Feed Additives Market Segmentation, by Additive Type
6.4 Amino Acids
6.6 Mycotoxin Detoxifiers
6.7.2 Fructo Oligosaccharides
6.7.3 Galacto Oligosaccharides
6.9 Flavors and Sweeteners
6.10.2 Curcumin and Spurulina
6.12.1 Micro Minerals
6.12.2 Macro Minerals
7. Global Feed Additives Market Segmentation, by Animal Type
8. Global Feed Additives Market Segmentation, by Geography
8.1 North America Feed Additives Market Size (2018-2023)
8.1.1 United States Feed Additives Market Size (2018-2023)
8.1.2 Canada Feed Additives Market Size (2018-2023)
8.1.3 Mexico Feed Additives Market Size (2018-2023)
8.1.4 Rest of North America
8.2 Europe Feed Additives Market Size (2018-2023)
8.2.1 Spain Feed Additives Market Size (2018-2023)
8.2.2 United Kingdom Feed Additives Market Size (2018-2023)
8.2.3 Germany Feed Additives Market Size (2018-2023)
8.2.4 France Feed Additives Market Size (2018-2023)
8.2.5 Russia Feed Additives Market Size (2018-2023)
8.2.6 Rest of the Europe
8.3 Asia-Pacific Feed Additives Market Size (2018-2023)
8.3.1 China Feed Additives Market Size (2018-2023)
8.3.2 India Feed Additives Market Size (2018-2023)
8.3.3 Japan Feed Additives Market Size (2018-2023)
8.3.4 Australia Feed Additives Market Size (2018-2023)
8.3.5 Rest of the Asia-Pacific
8.4 South America Feed Additives Market Size (2018-2023)
8.4.1 Brazil Feed Additives Market Size (2018-2023)
8.4.2 Argentina Feed Additives Market Size (2018-2023)
8.5 Middle East & Africa Feed Additives Market Size (2018-2023)
8.5.1 Saudi Arabia Feed Additives Market Size (2018-2023)
8.5.2 Egypt Feed Additives Market Size (2018-2023)
8.5.4 South Africa Feed Additives Market Size (2018-2023)
9. Feed Additives Market Competitive landscape
9.2 Market Share Analysis
10. Feed Additives Market Company profiles
10.1 Adisseo France SAS
10.2 BASF SE
10.3 Danisco A/S
10.4 Archer Daniels Midland Co. (ADM)
10.5 Cargill Inc.
10.6 InVivo NSA SA (Neovia)
10.7 Kemin Industries Inc.
10.8 Nutreco NV
10.9 Phibro Animal Health Corp.
10.10 Lallemand Inc.
10.11 Alltech Inc.
10.12 Novozymes A/S
10.13 Beneo GmbH
10.14 Elanco Animal Health Inc.