Market Size of feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 36.16 Billion |
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Market Size (2029) | USD 45.84 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 4.86 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Feed Additives Market Analysis
The Feed Additives Market size is estimated at 36.16 billion USD in 2024, and is expected to reach 45.84 billion USD by 2029, growing at a CAGR of 4.86% during the forecast period (2024-2029).
36.16 Billion
Market Size in 2024 (USD)
45.84 Billion
Market Size in 2029 (USD)
5.18 %
CAGR (2017-2023)
4.86 %
CAGR (2024-2029)
Largest Market by Additive
22.09 %
value share, Amino Acids, 2023
Amino Acids are the largest segment due to characteristics such as being important for protein synthesis and a crucial nutrient for the growth and development of the animal.
Largest Market by Region
31.35 %
value share, Asia-Pacific, 2023
The Asia-Pacific region is the largest because of the higher penetration rate, higher feed production, high demand for meat, and increasing livestock population.
Fastest-growing Market by Additive
5.58 %
Projected CAGR, Acidifiers, 2024-2029
Acidifiers are the fastest-growing segment as it helps improve feed performance in animal nutrition and decrease the uptake of pathogenic organisms and toxic metabolites.
Fastest-growing Market by Region
5.63 %
Projected CAGR, North America, 2024-2029
North America is the fastest-growing region for feed additives because of the rise in awareness of the benefits of additives, the increase in outbreaks of diseases, and the increasing animal productivity.
Leading Market Player
8.34 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader as it adopted acquisition, partnership, expansion, and product innovation strategies. It acquired Biomin to enter a new market.
- The global feed additives market is a dynamic industry that is driven by different key factors, including increased feed production, growing demand for livestock products, and a rising population of livestock animals. Amino acids, binders, minerals, prebiotics, probiotics, and acidifiers are the major feed additive types used in livestock feed, with amino acids accounting for the largest share of the market in 2022.
- Amino acids play a critical role in the growth and development of animals, and their market value is expected to register a CAGR of 5.0% during the forecast period. Binders, which are used to maintain pellet integrity and prevent fragmentation, were the second major additive type consumed globally in 2022, with a market value that increased by 28.1% between 2017 and 2022.
- Minerals are also an important feed additive type, accounting for 10.8% of the global feed additives market in 2022, with a market value of USD 3,633.6 million. Macrominerals held a major market share of 88.7% in 2022 due to their benefits in stressful circumstances that change an animal's physiological requirements.
- The acidifiers segment is the fastest-growing segment, with a CAGR of 5.6% during the forecast period. Acidifiers are known to improve feed performance in animal nutrition and decrease the uptake of pathogenic organisms and toxic metabolites.
- Therefore, the global feed additives market is expected to grow and register a CAGR of 4.8% during the forecast period, driven by increased feed production, a rising population of livestock animals, and growing demand for livestock products. The major feed additive types, including amino acids, binders, minerals, prebiotics, probiotics, and acidifiers, are expected to continue playing a significant role in the market.
Understand The Key Trends Shaping This Market
- The feed additives market witnessed significant growth in recent years, primarily due to the increased commercial animal production and compound feed production worldwide. The global feed additives market was valued at USD 33.0 billion in 2022. It is estimated to increase by 32.7% from 2023 to 2029, owing to product innovations and rising demand for sustainable feed additives.
- The Asia-Pacific region dominated the global feed additives market in 2022, accounting for a market value of USD 10.3 billion. This can be attributed to the higher commercial cultivation and subsequent higher feed production, which reached almost 0.5 billion metric tons in 2022. However, the United States was the largest country in the world, representing almost 18.1% of the global feed additives market in 2022. The higher share of the country was due to the higher feed production and usage of additives for commercial animal rearing.
- Amino acids were the largest feed additives in the world, occupying 22.1% of the market share in 2022. This was followed by binders and minerals, which accounted for 13% and 11% of the market share, respectively. The importance of these additives lies in their ability to increase the growth and productivity of animals.
- The poultry segment was the largest and fastest-growing market, accounting for 43.4% of the global feed additives market in 2022. This was followed by the swine (25.4%) and ruminants (25.1%) segments, primarily due to higher feed production and penetration rates concerning these animals.
- The usage of feed additives is expected to drive the market at a CAGR of 4.8% during the forecast period, owing to their ability to enhance feed efficiency and animal functions.
