Animal Feed Additives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Animal Feed Additives Market is segmented By Type of Additive (Antibiotics, Vitamins, Amino Acids, Enzymes, Acidifiers, Antioxidants, Minerals, Prebiotics and Probiotics, Others), By Livestock Type (Poultry, Swine, Cattle, Aquaculture, Pets, Others), By Function (Gut Health, Growth Promoters, Palatability Enhancers, Preservation, Mycotoxin Binders, Immune Boosters, Others), By Form (Dry, Liquid), By Source (Synthetic, Natural), and By Region (North America, Europe, South America, Asia Pacific, Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Animal Feed Additives Market reached US$ 38.2 billion in 2022 and is expected to reach US$ 51.4 billion by 2031 and is expected to grow with a CAGR of 3.8% during the forecast period 2024-2031. The trend of clean labels and natural additives in the animal feed additive market is gaining momentum. For instance, there is an increasing demand for natural antioxidants like rosemary extract instead of synthetic alternatives like BHA or BHT. 

The animal feed additive market is a thriving industry that plays a crucial role in enhancing animal nutrition and overall performance. It encompasses a wide range of additives, including vitamins, minerals, enzymes, and probiotics, among others. With advancements in research and technology, the market continues to evolve, offering innovative solutions to meet the evolving needs of the livestock industry.

The rising focus on animal welfare and ethical farming practices is a key driver in the animal feed additive market. Consumers are demanding products from animals raised in humane conditions with adequate care. For instance, the use of phytogenic feed additives derived from plants, such as oregano or thyme extracts, is gaining popularity due to their perceived benefits in promoting animal well-being and reducing the need for antibiotics.

Market Summary

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Market Dynamics

Surging Demand for High-Quality Animal Protein Drives Growth in the Animal Feed Additive Market

The animal feed additive market trend is driven by increasing global demand for high-quality animal protein. With a rising population and changing dietary preferences, there is a growing need to meet the demand for meat, eggs, and dairy products. Animal feed additives play a crucial role in enhancing animal growth, improving feed efficiency, and ensuring optimal nutritional intake. 

They contribute to the overall health, productivity, and quality of livestock, which directly translates into higher yields of animal-based protein products. As a result, the animal feed additive market is driven by the need to maximize livestock production and meet the escalating demand for protein-rich food sources.

Focus on Animal Health and Disease Prevention Spurs Demand for Animal Feed Additives

The increasing focus on animal health and disease prevention is driving the demand for animal feed additives. Livestock is prone to various diseases and health challenges that can significantly impact their growth, productivity, and overall well-being. Animal feed additives, such as probiotics, prebiotics, and immune boosters, help strengthen the immune system, promote gut health, and mitigate the risk of diseases. 

Additionally, additives like antioxidants and mycotoxin binders aid in reducing oxidative stress and neutralizing harmful substances in feed. The growing awareness among livestock producers about the importance of disease prevention and the role of feed additives in improving animal health is fueling the adoption of these products.

Regulatory Scrutiny and Restrictions Pose Challenges to Animal Feed Additive Market Growth

One restraint of the animal feed additive market is the increasing regulatory scrutiny and restrictions imposed on certain additives. These regulations have a direct impact on the animal feed additive market size and market dynamics. Regulatory authorities are implementing more stringent measures to ensure consumer and animal safety, which can significantly influence the approval and usage of additives within the market. 

The animal feed additive market is also influenced by factors like the cost of research and development for new additives and compliance with regulatory requirements. Moreover, market volatility, including feed prices, raw material availability, and fluctuations in livestock production, further contribute to the challenges faced by the animal feed additive market.

Market Segment Analysis

The global animal feed additive market is segmented based on the type of additive, livestock type, function, form, source, and region.

Antibiotics are Key Players in Animal Feed Additive Market for Animal Health and Disease Prevention

The global animal feed additive market has been segmented by type of additive into antibiotics, vitamins, amino acids, enzymes, acidifiers, antioxidants, minerals, prebiotics and probiotics,  and others.

The antibiotics segment is currently the largest segment in the global animal feed additive market, accounting for approximately 30% of the market share. The antibiotics segment in the animal feed additive market plays a crucial role in promoting animal health and preventing diseases. Antibiotics are commonly used as additives in animal feed to control bacterial infections and improve overall animal well-being. 

They are considered essential nutritional supplements in animal nutrition, ensuring optimal growth and productivity. Antibiotics function as feed ingredients by supporting the immune system, enhancing nutrient absorption, and maintaining healthy gut microbiota. However, in recent years, there has been a growing concern over the potential development of antibiotic resistance and the need to reduce antibiotic usage. 

This has led to the exploration of alternative additives such as probiotics and prebiotics, which offer similar benefits to antibiotics by promoting gut health and improving nutrient utilization. The antibiotics segment is evolving to incorporate these alternative additives and adapt to changing market dynamics in the pursuit of sustainable animal production.

Market Geographical Share

The North America Region Held the Largest Share of Animal Feed Additive Market

The North America animal feed additive market holds the largest share of the global animal feed additive market. The region’s market share is driven by the increasing demand for enzymes, antibiotics, antioxidants, vitamins, and minerals. Enzymes play a crucial role in improving digestion and nutrient absorption, while antibiotics aid in preventing and treating animal diseases. Antioxidants are used to maintain feed quality and animal health, while vitamins and minerals are essential for growth and overall well-being. 

The animal feed additive market share in North America is expected to grow significantly due to the rising awareness about animal nutrition, advancements in feed technology, and the need for efficient livestock production. Moreover, the animal feed additive market size in North America is anticipated to expand as the region witnesses a steady increase in animal farming activities and a focus on improving feed efficiency and animal performance.

Animal Feed Additives Market Companies

The major global players in the market include Cargill Inc., Archer Daniels Midland Company (ADM), BASF SE, Nutreco N.V., Evonik Industries AG, DSM Nutritional Products, Elanco Animal Health Incorporated, Alltech, Inc., Novozymes A/S, and Chr. Hansen Holding A/S.

COVID-19 Impact On Animal Feed Additives Market

Covid-19 Impact

The COVID-19 pandemic had a significant impact on the animal feed additive market. The global disruptions caused by lockdown measures, supply chain challenges, and reduced economic activity affected the market dynamics. The restrictions on international trade and transportation led to logistical issues, impacting the availability and distribution of feed additives. Fluctuating demand patterns and financial uncertainties in the livestock industry also influenced purchasing decisions and investment in animal feed additives. 

Additionally, the outbreak raised concerns about food safety and hygiene, leading to the increased focus on animal health and welfare. As a result, there was a shift towards preventive nutrition and immunity-boosting additives. While the market faced short-term challenges, the long-term prospects remain positive as the industry adapts to the evolving market conditions and continues to prioritize animal nutrition and productivity.

By Type of Additive

• Antibiotics
• Vitamins
• Amino Acids
• Enzymes
• Acidifiers
• Antioxidants
• Minerals
• Prebiotics and Probiotics
• Others

By Livestock Type

• Poultry
• Swine
• Cattle
• Aquaculture
• Pets
• Others

By Function

• Gut Health
• Growth Promoters
• Palatability Enhancers
• Preservation
• Mycotoxin Binders
• Immune Boosters
• Others

By Form

• Dry
• Liquid

By Source

• Synthetic
• Natural

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On January 11, 2023, Novus International a U.S.-based company, acquired biotech company Agrivida, with which it started a commercial partnership two years ago. Novus aims to develop products that can revolutionize the feed additive industry by taking ownership of INTERIUS™ technology through the purchase.
• On March 20, 2023, Volac a U.K.-based company, launched a new feed additives division as it intensifies its focus on supporting the global animal feed industry to meet the net-zero challenge. This new Volac division will provide a platform for new product development, which will focus on improving rumen microbial fermentation, efficient livestock production, and reducing emissions – allowing for greater alignment with future industry challenges.
• On June 24, 2022, Cargill a U. K. based company, announced that it has signed a binding agreement to acquire Delacon, a globally leading expert in plant-based phytogenic additives.

Why Purchase the Report?

• To visualize the global animal feed additive market segmentation based on type of additive, livestock type, function, form, source, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of animal feed additive market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global Animal Feed Additive market report would provide approximately 77 tables, 82 figures, and 190 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies