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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Feed Additives Market Report Snapshots
Feed Additives Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global feed additives market reached a value of USD 73.00 billion in 2023.
The market is expected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to reach a value of about USD 116.34 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, and rising consciousness regarding health and wellness of animals.
Key trends aiding market expansion include the rising consumer knowledge about the benefits of these additives, outbreak of various diseases, demand for natural feed additives, focus on animal’s gut health, and shift towards protein-rich diet.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major sources of feed additives include synthetic and natural.
The leading forms of the product in the market are dry and liquid.
Based on livestock, the market is divided into ruminants, poultry, swine, and aquatic animal, among others.
Key players in the market are 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., and International Flavors & Fragrances Inc., among others.
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