Dublin, June 21, 2023 (GLOBE NEWSWIRE) -- The "Feed Additives Market by Type, Animal Type, Source, Form, and Geography - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The feed additives market is projected to reach $51.2 billion by 2030, at a CAGR of 5.3% during the forecast period 2023-2030
The report provides an in-depth analysis of the global feed additives market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.
The growth of this market is driven by the consistent growth in the compound feed sector, the rising demand for meat and dairy products, and the increasing disease outbreaks in livestock.
In addition, factors such as the growing industrialization of the livestock sector and increasing utilization of feed additives in developing countries provide significant opportunities for manufacturers in the global feed additives market. However, the ban on the use of antibiotics in animal feed somehow hinders the growth of the feed additives market.
In 2023, the performance additives segment is expected to account for the largest share of the global feed additives market.
The large market share of this segment is attributed to the increasing awareness among the farmers about the benefits of amino acids, minerals, and vitamins; the rising demand for compound animal feed with higher nutrient contents to improve feed intake; and the growing use of performance additives to metabolism and efficiency of feed utilization for economic and eco-friendly livestock production.
In 2023, the poultry segment is expected to account for the largest share of the global feed additives market.
The large market share of this segment is attributed to the growing demand for micro-nutrients in poultry production, consumers' preference for poultry meat & eggs, low production as well as product cost of poultry meat, and high production of compound feed for poultry.
In 2023, the synthetic feed additives segment is expected to account for the larger share of the global feed additives market.
The large market share of this segment is attributed to the easier availability of synthetic raw materials, lower production costs, and stronger market penetration. However, the natural feed additives segment is projected to register a higher CAGR during the forecast period.
Natural feed additives reduce environmental impact and are considered a safer and more sustainable alternative to synthetic additives. Furthermore, there is a growing market for natural and organic food products. These factors contribute to the growth of this segment.
In 2023, the dry feed additives segment is expected to account for the larger share of the global feed additives market.
However, the liquid feed additives segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the shift towards liquid supplements due to their improved shelf life and versatility for various applications.
North America is slated to register the highest CAGR during the forecast period, mainly due to increasing awareness about the benefits of additives for animal feed, the increase in outbreaks of diseases, and the increasing focus on animal productivity.
Key Questions Answered in the Report
- What is the current revenue generated by feed additives globally?
- At what rate is the global feed additives demand projected to grow for the next 5-7 years?
- What are the historical market sizes and growth rates of the global feed additives market?
- What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
- Which segments in terms of type, animal type, source, and form are expected to create major traction for the manufacturers in this market?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global feed additives market?
- Who are the major players in the global feed additives market? What are their specific product offerings in this market?
- What are the recent strategic developments in the global feed additives market? What are the impacts of these strategic developments on the market?
Market Insights
Drivers
- Consistent Growth in the Compound Feed Sector
- Rising Demand for Meat and Dairy Products
- Increasing Disease Outbreaks in Livestock
Restraints
- Ban on the Use of Antibiotics in Animal Feed
Opportunities
- Growing Industrialization of the Livestock Sector
- Increasing Utilization of Feed Additives in Developing Countries
Regulatory Analysis
North America
- Approval Process
Europe
- Authorization Procedure
- Labeling
Asia-Pacific and the Rest of the World (RoW)
Company Profiles
- Bluestar Adisseo Co. (China)
- Koninklijke DSM N.V. (Netherlands)
- BASF SE (Germany)
- Cargill Incorporated (U.S.)
- Kemin Industries Inc. (U.S.)
- Alltech Inc. (U.S.)
- Nutreco N.V. (Netherlands)
- International Flavors & Fragrances Inc. (U.S.)
- Evonik Industries AG (Germany)
- Archer Daniels Midland (U.S.)
- ADDCON GROUP GmbH (Germany)
- Biovet S.A. (Spain) Royal AgriFirm Group. (Netherlands)
- Altilis Animal Nutrition (France)
- Land O'Lakes Inc (U.S.).
Scope of the Report:
Feed Additives Market Assessment - by Type
- Performance Additives
- Amino Acids
- Lysine
- Methionine
- Threonine
- Other Amino Acids
- Minerals
- Macro Minerals
- Trace Minerals
- Vitamins
- Fat-Soluble Vitamins
- Vitamin A
- Vitamin E
- Vitamin D
- Vitamin K
- Water-Soluble Vitamins
- Vitamin C
- Vitamin B Complex
- Specialty Additives
- Acidifiers
- Probiotics
- Lactobacillus
- Bifidobacterium
- Yeast and Other Microbes
- Enzymes
- Phytase
- Carbohydrase
- Protease
- Antioxidants
- Ethoxyquin
- BHT
- BHA
- Other Antioxidants
- Antibiotics
- Other Types
Feed Additives Market Assessment - by Animal Type
- Poultry
- Broilers
- Layers
- Turkey
- Other Poultry Birds
- Ruminants
- Beef Ruminants
- Dairy Ruminants
- Swine
- Aquatic Animals
- Other Animals
Feed Additives Market Assessment - by Source
- Synthetic Feed Additives
- Natural Feed Additives
Feed Additives Market Assessment - by Form
- Dry Feed Additives
- Liquid Feed Additives
Feed Additives Market Assessment - by Geography
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Europe
- Spain
- Russia
- Germany
- France
- Italy
- U.K.
- Netherlands
- Poland
- Rest of Europe
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/io902f
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