Global Feed Additives Market Report and Forecast 2024-2032

Global Feed Additives Market Size

The size of global feed additives market was around USD 73.00 billion in 2023. The market is further expected to grow at a CAGR of 5.3% over the forecast period of 2024-2032 to attain a value of USD 116.34 billion by 2032.

Feed Additives Market Outlook

• China, the United States, and Brazil are the top three feed-producing countries.

• In 2019, the total livestock population in India was 535.78 million, showing an increase of 4.6% over the 2012 Livestock Census. This includes population of cattle, buffalo, sheep, and goat, among others.

• As per industry reports, feed production increased by 1.6%, 0.88%, and 0.32% in Latin America, North America, and Oceania in 2022.

Feed Additives Market Growth

Feed additives refer the substance that is used in animal nutrition for the purpose of enhancing the quality of feed, aiming to improve the animals' performance and health, and thus, the quality of food and various end-products from animal origin like, eggs, meat, and milk. This is why feed additives are carefully manufactured with the help of nutritional additives, like vitamins and minerals.

A key factor shaping feed additives market is the rising demand for animal-based food products and rising prevalence of animal diseases. Due to this, additives made from probiotics are widely being used in the livestock sector and by meat producers to proactively improve animal health and enhance disease resistance. Feed additives play a vital role in improving the health profile of animals, and with increased uncertainties regarding the nutrition of generic animal feeds, there is greater importance on feed additives specific to the animal’s nutritional needs.

Key Trends and Developments

Rising demand for natural feed additives, focus on animal’s gut health, and shift towards protein-rich diet are factors boosting the feed additives market growth

June 2024

The HoloRuminant project evaluated early nutritional interventions in calves to improve performance. The study found that additives regulating microbial activity during lactation increased ruminal fermentation two months after treatment, enhancing digestion and rumen function.

May 2024

Skretting has launched AmiNova, a new feed formulation that allows for more precise nutrition in fish, resulting in better utilisation, higher efficiency, and lower nutrient release to the environment. The first batch of feed will be available in the Chilean salmonid market in Q3 of 2024.

August 2023

The US Food and Drug Administration (FDA) has approved Bovaer, a feed additive for dairy cows. Feeding one tablespoon of Bovaer per day can reduce methane emissions by 30% annually. This approval can minimise agriculture's environmental footprint.

June 2023

The US Senate has proposed the Innovative Feed Enhancement and Economic Development Act (Innovative FEED Act) to streamline the approval process for novel feed additives, such as probiotics.

Rising demand for natural feed additives

Additives derived from natural sources, such as plant-based and herbal products are experiencing rise in demand due to consumer preferences for clean labels. For example, Phytogenic feed additives, which are derived from plants and herbs, are gaining popularity as an efficient alternative to antibiotics.

Focus on animal’s gut health

The importance of gut health has become a trend in the feed additives market as there is an interrelationship between gut health, animal well-being, and overall productivity. Probiotics additives are being used to maintain a healthy microbial balance in the digestive tract of poultry animals, which also reduces the risk of diseases.

Introduction of antibiotic alternatives

The use of antibiotics in livestock is being phased out due to concerns about antibiotic resistance. As a result, there is a growing demand for antibiotic alternatives, such as phytogenic feed additives. Microencapsulation technology is also being used to improve the stability and efficacy of these additives.

Integration of digitalisation in livestock farming

The integration of digital technologies, sensors, and data analytics in precision livestock farming is transforming the formulation of feed additives. This trend enables farmers to monitor animal health and nutritional requirements in real-time and accordingly optimise productivity.

Feed Additives Market Trends

The growing consumer knowledge regarding the benefits of feed additives coupled with the outbreak of viruses and diseases is generating the need for additives in poultry, aqua, and other animal-based sectors, which in turn, is boosting the product demand worldwide. The growing consumer inclination towards protein-rich diets has also led to an increased demand for meat, dairy products, seafood, and chicken. This is further fuelling the feed additives market expansion.

With the increase in consumption of dairy products, cattle farming is also witnessing a significant rise as it one of the primary sources of dairy products. This is likely to increase the market share over the forecast period because for ensuring an efficient yield of milk and cheese products, proper bovine nutrition is necessary.

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Feed Additives Industry Segmentation

The EMR’s report titled “Feed Additives Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

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   
  • Flavours
  • 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
  • Breeder
• 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 Share

Various types of feed additives are gaining popularity in the market due to the growing focus on improving animal health

Among types of additives, amino acids accounts for a significant share of the market as they are essential for protein synthesis and are used extensively in poultry and swine production. Vitamins are another important segment, providing essential nutrients for animal health and growth. Acidifiers, such as phosphoric acid, are used to improve feed performance and reduce the uptake of pathogenic organisms. Carotenoids, like beta-carotene, are used to enhance the nutritional value of animal feed and improve animal health. Enzymes, such as amylase and protease, aid in the digestion and absorption of nutrients.

Mycotoxin detoxifiers help remove harmful toxins from feed, ensuring animal well-being. Minerals, including macro minerals like calcium and phosphorus, are essential for bone health and antioxidants, such as vitamin E, help protect animals from oxidative stress. Probiotics are used to improve gut health and enhance the immune system of animals. Each of these segments contributes to the overall growth and feed additives market development.

Poultry segment dominates the market due to growing demand for eggs and a rising population of broilers

The poultry segment holds the largest share of the market due to the growing demand for micro-nutrients in poultry production, consumers’ preference for poultry meat and eggs, low production and product cost of poultry meat, and high production of compound feed for poultry. Additionally, poultry are susceptible to various diseases, such as avian flu and coccidiosis, which can significantly impact production efficiency and profitability. As a result, there is a heightened need for feed additives that enhance poultry health, immunity, and overall performance.

The ruminant’s segment is expected to account for a significant feed additives market share due to the growing demand for high-quality feed and the need for efficient nutrient in ruminant production. Ruminants are known for their ability to digest and extract nutrients from plant-based feed, but they still require additional nutrients to maintain optimal health and performance. This is where feed additives help. The aquatic animal segment is also growing due to the rising consumption of fish and fish-based products and the growing demand for high-quality aqua feed.

Leading Manufacturers in the Feed Additives Market

Market players are focused on key strategies such as mergers, product launches, and partnerships to strengthen their market presence and maintain their goodwill in the competitive market

Cargill, Incorporated was founded in 1865 and is headquartered in Minnesota, United States. The company is a leading player in the agricultural and food industries and provides agricultural commodities, animal feed, biofuels, and food ingredients. It also deals in grain trading, animal nutrition, food processing, and biofuels production.

Archer Daniels Midland Company (ADM) was founded in 1902 and is headquartered in Illinois, United States. ADM is a multinational agricultural processing and commodities trading company that offers a diverse portfolio of products including agricultural processing, biofuels, corn, soybeans, wheat, food ingredients, animal feed, and industrial products.

Evonik Industries AG, founded in 2007 as a spin-off from RAG AG, is headquartered in Essen, Germany. The company is a leading global speciality chemicals and performance materials provider, offering a diverse range of products for various industries including agriculture, animal nutrition, and pharmaceuticals.

BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany. It is the largest chemical producer in the world and operates globally through subsidiaries and joint ventures in over 80 countries. The company’s product portfolio includes a range of chemicals, plastics, and crop protection products.

Other key players in the global feed additives market include DSM, Biovet S.A., Chr. Hansen Holding A/S, Novozymes Group, Kemin Industries, Inc., Nutreco N.V., and International Flavors & Fragrances Inc., among others.

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Feed Additives Market Analysis by Region

North America and Asia Pacific are prominent markets due to the rising demand for high-quality meat and seafood

The market share in North America is growing due to the increasing awareness about the benefits of additives for animal feed, the increase in outbreaks of diseases, and the increasing focus on animal productivity. The rising demand for high-quality seafood is also driving the demand for aquaculture feed and feed millers in the region are increasing production levels to meet this growing demand. Also, in September 2017, Cargill Inc. acquired the animal feed additive division of Southern States Cooperative, which boost sales of North American feed additives.

The Asia Pacific region also has a significant share in the feed additives market report driven by the growing demand for meat and dairy products by the region's burgeoning population. Countries like China and India are emerging as major players in the livestock industry, with a growing awareness of the importance of animal health and nutrition. This has fueled the demand for feed additives, particularly in the poultry and swine segments. The Asia Pacific market is further expected to grow at a high CAGR due to the increasing adoption of modern farming practices and the expanding aquaculture sector in countries like Indonesia and Vietnam.

Key Highlights of the Report

Feed Additives Market Report Snapshots

Feed Additives Market Size

Feed Additives Market Growth

Feed Additives Market Trends

Feed Additives Market Share

Feed Additives Manufacturers

Feed Additives Market Regional Analysis