Feed Additives Market Outlook
According to the report by Expert Market Research (EMR), the global feed additives market is projected to grow at a CAGR of 5.4% between 2024 and 2032. Aided by rising demand for animal-based food products and rising prevalence of animal diseases, the market is expected to grow significantly by 2032.
Feed additives, integral for enhancing the quality of animal feed, comprise vitamins, enzymes, amino acids, and antioxidants. They not only elevate the nutritional content of the feed but also act as a bulwark against various animal diseases. Emphasising the importance of the holistic health of livestock – a factor interlinked with the quality of animal-derived products – feed additives have become an essential component in modern animal husbandry.
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One of the key feed additives market trends includes the surging demand for organic livestock products. The contemporary consumer, equipped with heightened awareness about food safety and quality, manifests a preference for organic meat, dairy, and poultry items. This predilection underscores the importance of organic feed additives, steering livestock farmers to transition from traditional to organic additives.
Fuelling the feed additives market growth is the escalating meat consumption globally, coupled with the rising emphasis on the health and productivity of livestock. As the world’s population burgeons, the demand for protein-rich diets witnesses a corresponding upswing. To satiate this surging demand, livestock farmers are vying for enhanced feed efficiency and higher meat yield, underscoring the criticality of feed additives.
In terms of feed additives market share, the Asia Pacific region, especially countries like China and India, is one of the leading regions in the market globally. This dominance can be attributed to the rapid strides in livestock production and the increasing inclination towards advanced farming practices in these regions. Furthermore, as urbanisation intensifies and disposable incomes swell, the demand for quality animal-derived products witnesses a surge, fortifying the region’s market position.
A nuanced feed additives market analysis also necessitates an exploration into promising horizons. With the world’s escalating protein demand and an unwavering emphasis on livestock health, feed additives stand at the cusp of significant market expansion, all set to reshape modern animal husbandry paradigms.
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Feed Additives Market Segmentation
The market can be divided based on source, product type, livestock, form, and region.
Market Breakup by Source
- Synthetic
- Natural
Market Breakup by Product Type
- Amino Acids
- Lysine
- Methionine
- Threonine
- Tryptophan
- Phosphates
- Monocalcium Phosphate
- Dicalcium Phosphate
- Mono-dicalcium Phosphate
- Defulorinated Phosphate
- Tricalcium Phosphate
- Vitamins
- Fat-Soluble
- Water-Soluble
- Acidifiers
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Malic Acid
- Acetic Acid
- Carotenoids
- Astaxanthin
- Canthaxanthin
- Lutein
- Beta-Carotene
- Enzymes
- Phytase
- Protease
- Mycotoxin Detoxifiers
- Binders
- Modifiers
- Flavours and Sweeteners
- Flavors
- Sweeteners
- Antibiotics
- Tetracycline
- Penicillin
- Minerals
- Potassium
- Calcium
- Phosphorus
- Magnesium
- Antioxidants
- BHA
- BHT
- Ethoxyquin
- Others
- Non-Protein Nitrogen
- Urea
- Ammonia
- Others
- Preservatives
- Mould Inhibitors
- Anticaking Agents
- Phytogenics
- Essential Oils
- Herbs and Spices
- Oleoresin
- Others
- Probiotics
- Lactobacilli
- Stretococcus Thermophilus
- Bifidobacteria
- Others
Market Breakup by Livestock
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Breeders
- Swine
- Starters
- Growers
- Sows
- Aquatic Animal
- Others
Market Breakup by Form
- Dry
- Liquid
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Feed Additives Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global feed additives market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cargill, Incorporated
- Archer Daniels Midland Company
- Evonik Industries AG
- BASF SE
- DSM
- Biovet S.A.
- Chr. Hansen Holding A/S
- Novozymes Group
- Kemin Industries, Inc.
- Nutreco N.V.
- International Flavors & Fragrances Inc.
- Others
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