Global Animal Feeds Additives Market By Type ( Minerals, Amino Acids, Other ), By Application( Poultry Feeds, Ruminant Feeds, Other ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The global animal feeds additives market was worth USD 39.6 billion in 2023. It is expected to grow at a compound annual rate (CAGR of 3.5%) between 2023 and 2033. Because they prevent disease in livestock and improve their weight gain, digestion, vitamin intake, conversion, and quality, animal feed additives are essential components of livestock breeding. They are used extensively worldwide as they are essential for maintaining the health of livestock on both a commercial and non-commercial scale.

Animal Feeds Additives Market Scope:

By Type, the market is segmented into Minerals, Amino Acids, Vitamins, and Enzymes. By Application, the market is divided into Poultry Feeds, Ruminant Feeds, Pig Feeds, and Aquaculture Feed.

Based on geography market is analyzed across North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa. Major players profiled in the report include Evonik, DuPont, DSM, Adisseo, BASF, ADM, Nutreco, Novusint, Charoen Pokphand Group, Cargill, Sumitomo Chemical, Kemin Industries, Biomin, Alltech, Addison and Bio Agri Mix.

Growing Demand:

Major public health problems have been exposed by the increased livestock production in various countries. These include the use of subtherapeutic antibiotics to promote growth and the onset and spread of foodborne diseases such as salmonellosis or E.coli.

Probiotics, or direct-fed microbes, are gaining significant traction in the animal feed market. The European Union has outlawed antibiotic use in animal feed. Probiotics are effective in maintaining gut health and thereby improving productivity and well-being.

Probiotics are also effective in controlling enteric pathogens and promoting microbial ecology within the gastrointestinal tract. Probiotics will be quickly adopted in animal feed additives due to their positive effects on the immune system, digestion, and digestive systems of poultry, ruminants, cattle, and horses.

Probiotics can be added to ruminants’ weaning and lactation periods, which promotes gut health and lowers the chance of acidosis. Probiotics made from yeast are being actively used by poultry, swine, and ruminants. They target the animal’s colon, caecum, and other hiding places for diverse microbial communities.

The most common types of bacteria found in probiotics for animal feed include lactobacillus and streptococcus. For better health, most commercially available probiotic-based additives for animal feed contain one or more of the following microorganisms.

Key Market Segments:

Type

Minerals
Amino Acids
Vitamins
Enzymes

Application

Poultry Feeds
Ruminant Feeds
Pig Feeds
Aquaculture Feeds

Key Market Players included in the report:

Evonik
DuPont
DSM
Adisseo
BASF
ADM
Nutreco
Novusint
Charoen Pokphand Group
Cargill
Sumitomo Chemical
Kemin Industries
Biomin
Alltech
Addcon
Bio Agri Mix

Drivers:

Increasing demand for and consumption of products derived from livestock

The increase in livestock-based products like milk & dairy-based product, meat, eggs, and dairy products will drive feed additives to feed for the growth and advancement of farm animals. Because of its high demand and low production costs, as well as lower prices, poultry meat is the main driver for overall meat production growth in both developed and developing nations. There is also a rising trend towards animal-sourced protein, whether it be meat, eggs, or milk, due to increasing awareness of the importance of nutrients for overall physical and mental development. As it improves the feed’s nutritional quality, this drives the use of feed additives.

Restraints:

Different countries ban antibiotics

Feed manufacturers around the world face a significant challenge from rising raw material prices. Natural sources like seeds, bark, leaves and tree bark are used to extract vitamins, feed acids, and antioxidants. Feed additives market growth is limited by the rising costs of extracting these ingredients and stringent regulations regarding waste biomaterials, wastewater treatment, and other restrictions. The industry’s main concern is the availability of feed. The industry is under severe pressure to procure raw feed like wheat, barley, and corn because of the increasing global population.

Key Market Trends:

Increasing Industrial Livestock Production

Major changes have been made to the supply side in response to the growing demand for livestock products. These changes are intended to increase livestock product yields. New capital-intensive technologies have led to major changes in the production of poultry and pork meat in industrial-style facilities in North America, Europe, and Asia-Pacific. This is especially true in areas where land is scarce.

USDA Foreign Agricultural Service reported that the world’s cattle population was over 996 million. India had the largest cattle population followed by Brazil, China, and the United States in 2021. This shows that the demand for meat has increased rapidly. The study also showed that the stock of poultry and sheep has significantly increased over the same period. The highly productive feed additives used and technological innovations made this possible.

In recent years, the meat industry has seen an increase in production, particularly in developed countries like the United States and European countries that have less land use. In the United Kingdom, for example, there were 9.44 million cattle and calves by 2021. This is an increase of 9.36 million from 2020. The rising demand for meat will likely drive producers to increase productivity, which in turn would help the demand for feed additives over the study period.

Recent Developments:

Ajinomoto Co. partnered with Pegasus Ventures, a global venture fund, in March 2021 to tap into Silicon Valley-based start-ups to capitalize on the emerging trends in healthcare and food. This collaboration will enable the company to expand its geographic footprint in 16 different locations around the globe.

Biomin GmBH, a global feed additive, and animal nutrition producer, announced in June 2021 that it was participating in a USD 11.9Mn EU-funded research consortium effort for addressing the problems in poultry and pig production. 3Domics is a project that aims to develop new technology for microbiota analysis at the microscale through 3D visualizations to improve understanding.