Feed Additives Market Forecasts to 2028 – Global Analysis By Forms (Dry, Liquid), Livestock (Aquatic, Poultry, Ruminants, Pork/Swine), Source (Synthetic, Natural) and By Geography
According to Stratistics MRC, the Global Feed Additives Market is accounted for $36.15 billion in 2020 and is expected to reach $63.99 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Growth in feed production and rise in awareness about feed quality are the major factors propelling the market growth. However, volatile raw material prices for natural feed additives are hampering market growth.
Feed additives are nutritional supplements that are added to get better the quality of animal-derived products such as meat, eggs, etc. Feed additives typically consist of vitamins, minerals, amino acids, and other essential nutrients that ensure optimum health of animals and prevent diseases.
Based on the form, the dry segment is estimated to have a lucrative growth during the forecast period owing to it is easy to mix with feed and are simple to store and handle. Its accessibility in pellet and mash forms further allows customers to have options in terms of mixing techniques, which should support the growth of this segment.
By geography, the Asia Pacific is going to have a huge demand due to the occurrence of a huge livestock population and their growth rate. Moreover, the region has observed a rise in the number of feed mills and feed production, mainly in countries such as India and Japan.
Some of the key players profiled in the Feed Additives Market include Lallemand Inc., Alltech Inc., Novozymes AS, Elanco Animal Health, Sumitomo Corporation, Evonik Industries, Novus International NV, BASF SE, Danisco Animal Nutrition, Archer Daniels Midland Co. (ADM), Cargill Inc., InVivo NSA SA (Neovia), Kemin Industries Inc., Nutreco NV, Phibro Animal Health Corp., Adisseo SAS, Pfizer Animal Health, Zoetis Inc., Borregaard, Danisco A/S, Chr. Hansen Inc., and DSM Nutritional Products Inc.
Estimated Market Size in 2020:
USD 36.15 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 63.99 billion
Tables, Graphs& Figures
Form, Livestock, Source, Type, Function, Category and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Aquatic Animals
• Other Livestocks
• Amino Acids
• Flavors & Sweeteners
• Mycotoxin Detoxifiers
• Non-Protein Nitrogen
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Feed Additives Market is majorly driven by an increase in awareness about feed quality, a rise in the global command for naturally produced feed and feed additives, and standardization of meat products due to disease outbreaks.
The preservatives segment is growing at the highest CAGR due to the increasing focus of the feed manufacturer on extending the shelf life of the feed.
The Asia Pacific dominated with a significant market share owing to the occurrence of a huge livestock population and their growth rate.
North America market is growing at the highest CAGR owing to the growing demand for animal farming and rising urbanization.
Key players in Feed Additives Market include Lallemand Inc., Alltech Inc., Novozymes AS, Elanco Animal Health, Sumitomo Corporation, Evonik Industries, Novus International NV, BASF SE, Danisco Animal Nutrition, Archer Daniels Midland Co. (ADM), Cargill Inc., InVivo NSA SA (Neovia), Kemin Industries Inc., Nutreco NV, Phibro Animal Health Corp., Adisseo SAS, Pfizer Animal Health, Zoetis Inc., Borregaard, Danisco A/S, Chr. Hansen Inc., and DSM Nutritional Products Inc.
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