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Feed Additives Market Size, Share & Industry Analysis, By Type (Antioxidants, Amino Acids, Vitamins, Antibiotics, Probiotics, Organic Acids, Pigmenters, Mold Inhibitors), By Livestock Type (Poultry, Ruminants, Swine, Aquatic Animals), By Form (Dry, Liquid) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI104345 | Status : Ongoing

 

KEY MARKET INSIGHTS

Feeds are primarily aimed at satisfying an animal's nutritional needs for maintenance, activity, production, and reproduction. A maintenance ration for the majority of the livestock animals is primarily roughage and the production & use of low-quality feed has created variety of problems for the livestock animal’s industry resulting in poor performance and lower returns. To achieve a profitable balance among the cost of feed, livestock animal performance, and quality of the product, certain supplements/additives are required depending on the quality of the roughage fed. Feed additives account for 3-5% share in the total feed material fed to the animals and it varies with the age and type of livestock animal.


Feed costs account for approximately 70-80% of the total cost of raising livestock animals. The supply of appropriate amounts of nutrients to livestock animals is essential to achieve better economic returns. Hence, feed additives have gained higher importance in the livestock farming business. Feed additives are materials that are not considered to be nutrients and are used in small amounts in the ration to improve feed efficiency, improve animal health, and increase the output of livestock products. Several feed additives (such as vitamins, minerals, fatty acids, etc.) are used in livestock production having different functions. An increase in feed efficiency and rate of gain are the key purposes of using feed additives to ensure better economic returns.


The factors driving the global feed additives market are quality & nutrition concerns with the roughage, commercialization of livestock farming, increasing livestock farm sizes, decline in grazing lands, the high value of feed ingredients and need for feed efficiency. According to the International Feed Industry Federation (IFIF), global commercial feed manufacturing generates an estimated annual turnover of over USD 400 billion.


Key Market Driver -

Increasing Livestock Farm Sizes

Key Market Restraint -

Availability of Crop Residues as Feed


The factors that are anticipated to inhibit the growth of the market is a heavy reliance on locally available crop residues to feed the animals, low purchasing power, inadequate extension and awareness, poor infrastructure, and a high level of cost of products compared to farm-grown feed materials. 


Key Players Covered:


The key companies operating in the global feed additives market are CP Group, New Hope Group, Alltech, ADM, Cargill, Inc., Land O’ Lakes, Chr. Hansen, Elanco, Novozymes, Kemin Europa NV, and others.


Amino acids are the dominant group of feed additives that have a positive impact on milk production, milk quality, animal health, and feed costs and also aid in reducing the N-load to the environment.


Regional Analysis:


North America & Europe are the two largest markets for commercial seed at present and they are expected to account for a significant proportion of the market in the forecast period as well. Asia Pacific region is projected to witness strong growth in the feed additives market due to increasing livestock farm size to meet the growing demand for protein.


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Segmentation


























 ATTRIBUTE


  DETAILS

By Type




  • Antioxidants

  • Amino Acids

  • Vitamins

  • Antibiotics

  • Probiotics

  • Organic Acids

  • Pigmenters

  • Mold Inhibitors



By Livestock Type




  • Poultry

  • Ruminants

  • Swine

  • Aquatic Animals



By Form




  • Dry

  • Liquid



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In September, 2018, DSM and Novozymes launched the first microbial muramidase Balancius, which works in the poultry intestine to improve feed efficiency and increase sustainable product yield.

  • In September, 2018, Micronutrients USA and Kemin Industries partnered to introduce IntelliBond VITAL 5 Cr, the world's first nutrition package containing six essential trace minerals to support dairy and beef cattle well-being and performance. 


  • Ongoing
  • 2022
  • 2019-2021

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