GVR Report cover Animal Feed Additives Market Size, Share & Trends Report

Animal Feed Additives Market Size, Share & Trends Analysis Report By Product (Antibiotic, Vitamin, Antioxidant), By Livestock (Poultry, Pork, Cattle, Aquaculture), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: 978-1-68038-070-5
  • Number of Pages: 150
  • Format: Electronic (PDF)

Report Overview

The global animal feed additives market size was valued at USD 39.6 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.5% from 2022 to 2030. This growth is attributable to the surging consumption of meat and animal-based products by consumers, the steadily increasing global population, and growth in the population of livestock.

U.S. animal feed additives market size, by product, 2020 - 2030 (USD Billion)

Animal feed additives are an essential component of breeding livestock, as they help in disease prevention in animals, improve the rate of weight gain, feed digestion, vitamin intake & conversion, and in so doing improve the quality of the meat. These are extensively utilized globally as they are vital for maintaining the overall health of the livestock on a commercial as well as non-commercial scale.

The U.S. has a significant meat-consuming population, which is increasing day by day; this is a major factor accountable for the increase in consumption of animal feed additives in the country. The U.S. has stringent rules and standards for the production of meat, which affects the global market directly. The animal feed additives industry is well-established and operated under strict regulations of authorities to maintain global standards. It is complementary to the animal feed and meat market and is significantly affected by changes in them.

Europe is the highest consumer of meat and therefore is a significantly larger consumer of animal feed additives. Similarly, the Asia Pacific region has the highest population growth with rising consumption. The accumulating demand for meat due to an increase in consumption and rise in the purchasing power of people is anticipated to drive the overall market.

Product Insights

The amino acids segment dominated the animal feed additives market with a revenue share of over 34% in 2021. Its high share is attributable to the increasing demand for meat and the growing population of livestock globally. It supports the growth of livestock and thus is an essential component of animal feed.

Amino acids consist of properties that supplement the growth in animals and prevent them from diseases. They consist of lysine, methionine, and cysteine, among others. They are essential in protein synthesis and also prevent diseases like herpes in livestock. Such factors make amino acids very necessary to be used as an additive. A predominant lack of amino acids in livestock combined with mounting concerns about animal tissue breakdown is likely to drive the demand for amino acids during the forecast period.

The vitamin product segment accounts for the second-largest revenue share after amino acids. Vitamins are as essential for animal growth as they are for humans. The deficiency of vitamins may hinder the growth of animals and stop them from reaching their full potential.

The vitamins product segment includes different types of vitamins such as Vitamin A, B, C, D E, and others. They are added to animal feed to ensure the proper growth of the livestock, making them fit for end-use industries such as milk and milk-based products, meat, and others. The mounting demand from the meat and milk industry is likely to drive the market globally.

Livestock Insights

The poultry segment dominated the market with a revenue share of more than 37% in 2021. Its significant share is attributable to the increasing demand for poultry-based products such as meat and eggs across the globe. Poultry refers to ducks, chickens, geese, and other domestic birds which are bred for commercial as well as domestic purposes.

Global animal feed additives market share, by livestock, 2021 (%)

Animal feed additives increase the nutritional value of the feed given to poultry animals. Poultry animals are usually bred in captivity; therefore, they are likely to develop deficiencies. These additives ensure that the livestock does not develop any deficiencies and grow to their full potential. Maintaining the health of the livestock in the poultry industry is very critical, as diseased livestock may incur huge losses. Thus, poultry breeders use extra precautions for maintaining the health of the livestock by using appropriate feed additives such as enzymes, antioxidants, vitamins, and acidifiers, among others.

Another livestock segment that is highly demanded and holds a considerable share of the global revenue is pork or swine. Pork meat is extensively consumed, especially in the western hemisphere. It is used to make varied delicacies around the globe, more particularly in cold regions.

Majorly used pork feed additives include antimicrobials, antioxidants, binders, emulsifiers, enzymes, and pH control agents. These additives help in driving high efficiency, productivity, and profitability in the meat industry. The pigs which are bred for meat are fed the pork feed with additives to attain the desired results and increase the profit of the breeders.

Regional Insights

The Asia Pacific region dominated the market with a revenue share of more than 33% in 2021. This high share is attributed to the growing consumption of meat in the region, the constantly rising population, increased purchasing power of the people, and a large presence of livestock breeders in the region.

There is a presence of a large number of animal breeders in the region, who require high-quality additives for feed formulation. The rise in purchasing power of the people and upliftment in the living standards in the region has resulted in the increased consumption of meat, which directly impacts the regional demand for animal feed additives.

Furthermore, Europe is the largest consumer of meat globally, which consequently impacts the demand for animal feed additives in the region. The high demand for meat in the region is a fundamental reason that is anticipated to drive the market for animal feed additives in this region during the forecast period.

Key Companies & Market Share Insights

The global market for animal feed additives is highly competitive. The players involved in the market are heavily involved in product enhancements to gain an edge over competitors.  The fluctuating prices of raw materials such as corn and maize significantly affect additive prices and further influence the market growth.

The players in the market adopt strategies such as collaborations, research and development, portfolio development and expansions, capacity expansions, and mergers and acquisitions to expand their market share and improve their positioning in the market. For instance, in May 2019, BASF SE started operations for a new animal additives plant in China to cater to the increasing product demand in the Asia Pacific region. Some prominent players in the global animal feed additives market include:

  • AFB International

  • Alltech

  • Kemin Industries, Inc.

  • Vitablend Asia Pacific Pte. Ltd.

  • Kalsec, Inc.

  • DSM

  • Ameri-Pac, Inc.

  • BASF SE

  • Evonik Industries AG

  • FoodSafe Technologies

  • Lallemand, Inc.

  • DuPont

  • Nutreco N.V.

  • Elanco

  • Biomin Holding GmbH

  • Adisseo France S.A.S.

  • Archer Daniels Midland

  • Penny Newman

Animal Feed Additives Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 40.7 billion

Revenue forecast in 2030

USD 53.7 billion

Growth Rate

CAGR of 3.5% from 2022 to 2030

Base year for estimation

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million, volume in kilotons, and CAGR from 2022 to 2030

Report coverage

Volume and Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, livestock, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; Spain; Russia; China; India; Japan; Vietnam; Brazil; South Africa

Key companies profiled

AFB International; Alltech; Kemin Industries, Inc.; Vitablend Asia Pacific Pte. Ltd.; Kalsec, Inc.; DSM; Ameri-Pac, Inc.; BASF SE; Evonik Industries AG; FoodSafe Technologies; Lallemand, Inc.; DuPont; Nutreco N.V.; Elanco; Biomin Holding GmbH; Adisseo France S.A.S.; Archer Daniels Midland; Penny Newman

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments Covered in the Report
 

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global animal feed additives market report on the basis of product, livestock, and region:

  • Product Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

    • Antibiotics

    • Vitamins

      • Vitamin A

      • Vitamin E

      • Vitamin B

      • Vitamin C

      • Others

    • Antioxidants

    • Amino Acids

      • Tryptophan

      • Lysine

      • Methionine

      • Threonine

      • Others

    • Feed Enzymes

      • Phytase

      • Non-Starch Polysaccharides & Others

    • Feed Acidifiers

    • Others

  • Livestock Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

    • Pork/Swine

    • Poultry

    • Cattle

    • Aquaculture

    • Others

  • Regional Outlook (Revenue, USD Thousand, Volume, Kilotons, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • Spain

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

      • Vietnam

    • Central & South America

      • Brazil
    • Middle East & Africa

      • South Africa

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