NEWARK, Del, June 13, 2023 (GLOBE NEWSWIRE) -- The animal feed additives market is expected to grow from US$ 16,067 million in 2023 to US$ 19,877.0 million by 2033, with a significant Compound Annual Growth Rate (CAGR) of 2.0% during the forecast period.
The increased production of livestock has raised concerns about public health issues related to the use of antibiotics and the spread of foodborne diseases. As a result, probiotics or direct-fed microbials are gaining popularity in the animal feed market, as they promote gut health, overall productivity, and well-being in animals.
Probiotics also help control enteric pathogens and improve digestion and immune systems in animals such as cattle, ruminants, and poultry. Yeast-based probiotics are commonly used in swine, poultry, and ruminants.
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Commercial probiotic-based animal feed additives usually contain microorganisms such as lactobacillus, streptococcus, bacillus, Pedi coccus, and Bifidobacterium. The demand for probiotics is expected to increase as the market shifts toward antibiotic-free meat. Adequate labeling of animal feed products is important to ensure safety and enable buyers to make informed choices.
Government regulations require proper labeling of feed ingredients, including complete lists of ingredients and nutrient levels. Balanced animal diets are crucial for livestock growth, development, and reproduction.
Animals have varying dietary requirements, and the inclusion of proper animal feed additives is necessary to enhance nutritional content. Insufficient nutrients can lead to malnutrition and health issues in animals.
Farmers are increasingly incorporating sustainable methods and investing in research and development to produce high-quality animal feed additives that improve livestock yield and the quality of end products such as eggs and milk.
Key Takeaways:
- The animal feed additives market in the United States held a significant value share of 29.3% in 2022. The market is driven by increasing livestock production in the United States and Mexico, and strict government regulations on meat quality and animal feed additives.
- In China, the demand for animal feed additives is estimated to thrive with a CAGR of 2.1%, fueled by rising per capita expenditure on high-quality food products and increased disposable income.
- Germany is expected to lead the animal feed additives market in Europe, with a CAGR of 3%, driven by the sales of ready-to-eat and packaged meat products and stringent food regulations.
- India is a promising market with a transforming CAGR of 2.4%, driven by the increasing consumption of animal protein and rising disposable income.
- Amino acids are the most preferred product type, accounting for a significant share of 33.1% in 2022, as they play a crucial role in muscle and tissue development, reproduction, and overall animal health.
- Plant-based animal feed additives are gaining traction due to their medicinal, and antimicrobial effects, and their ability to improve growth performance and enhance the flavor and odor of feed.
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Competitive Landscape:
The animal feed additives industry is highly concentrated, with large global and regional companies present. In the face of fierce rivalry, the top five competitors, which include BASF SE, EVONIK INDUSTRIES AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V., are expected to account for 30-40% of the overall market share.
In March 2021 Ajinomoto Co. joined forces with Pegasus Tech Ventures, a worldwide venture capital firm, to invest in Silicon Valley-based start-ups to capitalize on growing trends in the food and healthcare sectors. The collaboration is going to allow the organization to expand its geographical footprint to 16 sites worldwide.
Key Companies Profiled:
- Neogen
- Zoetis
- Merck
- Boehringer Ingelheim
- Elanco
- Dechra Pharmaceuticals
- IDEXX Laboratories
- B. Braun Vet Care
- Medtronic
Market Categorization:
By Additive Type:
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Feed Enzymes
- Feed Additives
- Minerals
By Application Type:
- Ruminants
- Poultry
- Swine
- Aquatic
By Source Type:
- Plant
- Animal
- Micro-organisms
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Additive Type
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-418
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Hydrolyzed Animal Protein Market Outlook: The hydrolyzed animal protein market is expected to reach US$ 838.43 million by 2033, recording a CAGR of 6.1% over the forecast period, from an estimated value of US$ 463.78 million in 2023.
Mineral Feed Market Size: The Mineral Feed market is valued at US$ 4.1 Billion in 2022 and is projected to grow at a CAGR of 3.9% during the forecast period, to reach a value of US$ 6.2 Billion by 2032.
Swine Feed Market Share: The global market of Swine Feed will expand at a CAGR of 4.4% over the forecasted time period. According to projections, the market's worth will rise from US$ 126.6 Billion in 2022 to US$ 178.6 Billion in 2032.
Food Additives Market Trends: The food additives market is estimated to reach a valuation of US$ 2.44 billion in 2023, and is estimated to reach US$ 4.62 billion by 2033. The market is anticipated to record a CAGR of 6.6% during the forecast period.
Seed Additives Market Growth: Global demand for seed additives is expected to reach a market valuation of US$ 6000 Million by the year 2023, accelerating at a CAGR of 6.5% over the forecast period (2023 to 2033).
Plant-based Fish Feed Market Overview: The plant-based fish feed market is valued at US$ 6.8 Billion in 2021. It is set to grow at 6% CAGR through 2032 at a value of US$ 12.2 Billion.
Plant-based Hot Dogs Market Demand: The global plant-based hot dogs market is expected to reach a market valuation of US$ 828.90 million by the year 2033, accelerating with a CAGR of 16.7% between 2023 and 2033. Plant-based hot dog sales are likely to account for US$ 496.30 million in 2023.
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