Animal Feed Additives Market Report, By Additive Type, Form, Source, Feed Type, Livestock, and Regions-Forecast 2024-2032

Market Overview:

"The global animal feed additives market was valued at US$ 47.4 Billion in 2024 and is expected to register a CAGR of 6.0% over the forecast period and reach US$ 71.5 Billion in 2032."

Feed additives are substances added to animal feed to improve its nutritional value, enhance animal health, and boost overall productivity. These additives come in various forms, including vitamins, minerals, amino acids, probiotics, enzymes, and preservatives. Vitamins and minerals are essential for proper growth, immune function, and metabolic processes. Enzymes help break down complex feed components, making nutrients more accessible. Preservatives extend the shelf life of feed and prevent spoilage. Feed additives also include medications to prevent or treat diseases and growth promoters that enhance weight gain and feed efficiency. However, the use of growth promoters, especially antibiotics, is increasingly regulated due to concerns about resistance and animal welfare.

Animal feed additives market is a dynamic sector within the global agriculture industry, focusing on substances added to animal feed to enhance growth, improve health, and boost productivity. This market encompasses a range of products, including vitamins, minerals, amino acids, probiotics, enzymes, and preservatives. The demand for feed additives is driven by the increasing global meat consumption, the need for sustainable and efficient livestock production, and the rising awareness about animal health and welfare.

Rising Importance of Probiotics in Animal Feed Additives

Probiotics, a subset of eubiotics, are rapidly becoming one of the fastest-growing segments in the global feed additives market. Recognized as a natural alternative to antibiotic-based growth promoters, probiotics play a crucial role in enhancing the overall health of animals by improving gut microbial balance. They are particularly beneficial for newborn animals or those previously treated with antibiotics.

Probiotics are also used to enhance weight gain and improve feed conversion efficiency. The demand for these additives has surged following the European Union's 2006 ban on antibiotic use in animal feed. Advances in molecular biology, increased investments in livestock management, and the rising popularity of bioengineering are further fueling research and development in this field. Consequently, these factors are driving the growing adoption of probiotics within the animal feed additive industry.

Rising Demand for Alternatives to Antibiotics

Antibiotics have traditionally been used in animal feed to enhance livestock growth rates, improve feed efficiency, and prevent diseases. However, their prolonged use has led to the emergence of antibiotic-resistant bacteria, posing risks to both human and animal health. To address this issue, regulatory bodies like the United States Food and Drug Administration (USFDA) have banned the use of antibiotics as growth promoters and introduced measures such as the Veterinary Feed Directive (VFD) to discourage their misuse.

Many countries, including Vietnam, Indonesia, China, India, Brazil, South Korea, the United States, the United Kingdom, Canada, New Zealand, and members of the European Union, have implemented similar bans on antibiotic growth promoters (AGPs). As a result, stricter regulations and increased consumer awareness regarding the residual effects of antibiotics in animal products are key drivers of growth in the global feed additives market.

Animal Feed Additives Market Segmentation:

By Additive Type

• Multiple Feed Additives
• Amino Acids
• Enzymes
• Probiotics & Prebiotics
• Vitamins
• Minerals
• Antioxidants
• Antibiotics
• Acidifiers
• Mycotoxin Binders
• Others

By Form

• Powder
• Granules
• Liquid

By Source

• Synthetic
• Natural

By Feed Type

• Grains & Cereals
• Forage & Roughage
• Oilseeds & Meals
• Animal-Derived Feed
• Supplements & Additives
• Others

By Livestock

• Poultry
• Swine
• Ruminants
• Pets
• Aquaculture
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

The global animal feed additives market is registering significant growth, driven by rising demand for animal protein, advancements in livestock management, and increased focus on animal health and productivity. Regionally, North America holds a major share due to its advanced livestock industry and stringent regulations on animal feed quality. The U.S. and Canada are prominent players, investing in research and innovation to enhance feed efficiency and sustainability. Europe also represents a substantial market, influenced by a strong focus on animal welfare and environmental regulations. The EU's emphasis on reducing antibiotic use has driven demand for alternative feed additives like probiotics and prebiotics. In Asia-Pacific, rapid growth is fueled by increasing meat consumption and industrialization in countries like China and India. The region's expanding middle class and evolving dietary habits contribute to rising feed additive use. Latin America, led by Brazil and Argentina, is expanding due to its significant livestock sector and agricultural exports. Meanwhile, the Middle East and Africa are registering gradual growth as they modernize agricultural practices and improve livestock productivity.

Leading Key Players in Animal Feed Additives Market & Competitive Landscape:

The competitive landscape of the global animal feed additives market is marked by the presence of numerous prominent players striving to maintain their market positions through different strategies. Key players emphasize on product innovation to develop animal feed additives that provide superior performance and address specific customer needs. In addition, strategic collaborations, mergers, and acquisitions are common strategies employed by prominent companies to expand their product portfolios, improve market presence, and gain a competitive advantage. Along with that, investments in research and development, coupled with geographical expansions, are vital for sustaining growth and competitiveness in the dynamic Animal Feed Additives market.

These companies include:

• Cargill Incorporated
• ADM
• DSM
• Nutreco
• Alltech Inc.
• Adisseo
• BASF SE
• AB Vista
• Novus International Inc.
• Kemin Industries Inc.
• Evonik Industries AG
• International Flavors & Fragrances Inc.
• Ajinomoto Co., Inc.
• Danish Agro
• Chr.Harsen Holding A/S
• Barentz
• Solvay Group
• BRF
• Centafarm SRL
• Bentoli
• Among Others

Recent Key Developments:

• May 2024: Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, is the first feed additive producer to launch a qualifying life cycle assessment (LCA) that meets the standards of the Global Feed LCA Institute (GFLI).
• April 2024: Zoetis Inc. and Phibro Animal Health Corp. entered into a definitive agreement where Phibro Animal Health will acquire Zoetis’ medicated feed additive (MFA) product portfolio, certain water-soluble products and related assets for US$350 million, subject to customary closing adjustments.

Animal Feed Additives Market Research Scope