Feed Additives Market Trends, And Forecast To 2024

Posted November 25, 2019 by sandycool

Feed Additives Market was worth USD 25.43 billion in 2019 and estimated to be growing at a CAGR of 4.5%, to reach 31.69 USD billion by 2024.


Feed additives are employed in animal nutrition to boost the standard and properties of animal fodder to boost features like palatableness preservation, overall gut health/digestive performance, and others. They have gained reputation globally, the overall health of the animal, successively enhancing the standard and amount of meat made from them. As an example, poultry feed additives are used to enhance the bird’s egg-laying capability, sickness prevention, and feed utilization. Likewise, a swine diet consists of assorted natural and artificial additives, like high dietary levels of copper and metallic element, acidifiers, and phytase to extend the productivity and gain of this feed.

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Underlying Causes

One important factor which is driving the growth of the FEED ADDITIVES market is Importance of feed. Quality, Volume, and nutrients depend on the animal feed. For example presence of linseed in swine feeds results in formation of omega 3 fatty acids in pork which helps in curing asthma. There is drastic increase in consumption of meat and milk products globally as it is a source of proteins and other nutrients. Increased concern for safety and quality of meat products. However overlapping demand for major crops like wheat, maize, and barley from other commercial and food applications. And other restraining factors are regulatory structures, volatile economies and increasing cost of operations.

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Geographic Segmentation

The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific emerged as the leading market for animal feed additives and accounted for more than one-third of the total market revenue. The poultry segment is developing as a leading livestock segment for the consumption of feed additives, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections, and rise in disposable incomes in developing economies, primarily in China and India. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat, and dairy and related products.

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Major Players dominating the market are BASF SE, Cargill, Inc., Alltech, Inc., Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, and Adisseo France SAS.

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Tags feed additives , market data forecast , market share
Last Updated November 25, 2019