Feed Additives Market worth $49.6 billion by 2026, at a CAGR of 5.5%

Feed Additives Market worth $49.6 billion by 2026, at a CAGR of 5.5%

North America is the second-largest region in the global market in the forecast period. The feed additives market in North America is majorly driven by the growth in livestock population in US and Mexico. The region witnesses high production and consumption of feed additives.

The global feed additives market size was valued at US$ 38.1 billion in 2021 and is projected to reach US$ 49.6 billion by 2026 at a CAGR of 5.5% from 2021 to 2026. The feed additives market is driven by several factors including increasing demand for animal-based protein, growing population and rising awareness about the benefits of feed additives for animal health and growth. Additionally, technological advancements in the production of feed additives, increasing adoption of precision livestock farming, and government support for the use of feed additives also contribute to the growth of the market. The Asia Pacific region will dominate the global market due the presence of a large livestock population and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in countries such as India and Japan.

Feed Additives Market

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Drivers: Increase in demand and consumption of livestock-based products

An increase in demand and consumption of livestock-based products such as dairy & dairy-based products, meat, and eggs is expected to drive the usage of feed additives in feed for the growth and development of farm animals. Poultry meat is the primary driver for the growth of the overall meat production, owing to its high demand, low production cost, and lower product prices, both in developed and developing countries. Furthermore, owing to the increasing awareness about the role and dynamics of food nutrients, especially protein, on overall physical and mental growth and development, there is a growing trend toward animal-sourced protein in the form of either meat, eggs, or milk. This drives the usage of feed additives in feed as it increases its nutritional quality.

Opportunities: Shifting towards natural growth promoters

Antimicrobial compounds are commonly included in poultry diets for promoting growth and controlling diseases. The European Union banned feed-grade antibiotic growth promoters, owing to cross-resistance and also due to the risk posed to the EU’s food safety and public health. Due to this, feed manufacturers are adopting new forms of natural feed additives apart from antibiotics with the help of modern science. This new generation of growth enhancers includes botanical additives such as appropriate blends of herbs or plant extracts. Herbs and plant extracts used as feed additives include different bio-active ingredients such as alkaloids, bitters, flavonoids, glycosides, mucilage, saponins, and tannins. Therefore, there are various effects expected from herbs and plant extracts—they act on the appetite and intestinal microflora, thereby stimulating pancreatic secretions to increase endogenous enzyme activity and immune system. Many plant products and their constituents have broad antimicrobial activity and antioxidant & sedative properties.

Based on form, dry segment is projected to account for a larger share in the global market during the forecast period

By form, this market is segmented into dry and liquid. The dry form has a higher demand among livestock producers, as they are easy to mix with feed and are easy to store and handle. Its availability in pellet and mash forms further allows consumers to have options in terms of mixing techniques, which should support the growth of this segment.

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The Asia Pacific region accounted for the largest share in the global market, in terms of value. 

The market in the region is driven by the presence of a large livestock population and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in countries such as India and Japan. This increase in the number of feed mills in the region reflects the growth in feed production. The largest feed producer, China, contributes significantly to the region’s leading position, with Thailand and Indonesia being the emerging feed-producing countries, while India and Japan demonstrate constant growth in feed production.

Top Feed Additives Companies:

Key players in this market include Cargill (US), ADM (US), Dupont (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), Chr Hansen (Denmark), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International Inc. (US).

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