Animal Feed Additives Market Size worth USD 33.75 Billion Globally with Excellent CAGR of 6.2% by 2028|Analysis by Share, Outlook, Trends and Revenue Forecast

Market Overview:
Global Animal Feed Additives Market was valued at USD 22.15 Billion in 2021 and is expected to reach USD 33.75 Billion by the year 2028, at a CAGR of 6.2%.

Animal Feed additives are products used in animal nutrition used with the purposes of improving the overall quality of feed and the quality of food from animal origin, and improving the animals' performance and health. providing. Feed additives are simply a substance or combinations of ingredients mixed into the animal feed mix in order to cater to a specific need like enhancing the digestibility of the feed materials or achieving greater output.

Feed additives form an essential part of animal nutrition, which enhances the feed quality, yield & quality of food from animal origin, and animal health. Some of the most commonly used feed additives in animal nutrition are enzymes, pro- and prebiotics, antioxidants, antibiotic growth promoters, and some coloring agents. Today, the growth in the utilization of animal-based products, growth in feed manufacturing, standardization of meat products due to disease outbreaks, and execution of innovative animal husbandry practices in order to enhance meat quality have led to the increased utilization of Animal Feed Additives.

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Market Dynamics:
Driver:
The primary factor driving the growth of the Animal Feed Additives Market is the rising awareness regarding Animal Health may it be to enhance meat quality or due to the significance of animal health and well-being, which is leading to greater use of feed additives. These additives promote overall animal health, which is beneficial for farmers and consumers also. Moreover, strict Regulations regarding animal nutrition to ensure the safety and effectiveness of feed additives are leading to market growth through the development and commercialization of enhanced products.

Opportunities:
Increasing focus on Proper and Balanced Animal Diets due to the Increasing incidence of foodborne diseases such as salmonella, listeria, and norovirus has compelled farmers to provide proper nutrition in animals for their growth, development, and reproduction which is leading to rise in the demand for feed additives and is expected to boost the market in the upcoming period also.

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Market Segmentation
Based on the Product Type, the amino acid segment accounted for the largest market during the forecast period. Increasing consumer awareness about the benefits related to the application of feed additives to overcome the prevalence of diseases has helped the demand.

Based on Form, the dry form segment is projected to dominate the market during the forecast period. They are easy to add with feed and are simple to store and handle. Its accessibility in pellet and mash forms further allows consumers to have options in terms of adding techniques, which should aid the growth of this segment.

Based on Source, the synthetic source segment is accounted for the maximum market share in the forecast period. Easy accessibility of basic ingredient material and cheaper manufacturing costs are the key factors driving the demand for synthetic feed additives. Higher market penetration compared to the natural segment will also ensure a strong growth rate for synthetic feed additives.

Based on the Livestock, the poultry segment is projected to dominate the market during the forecast period. Chicken and eggs are among the most-consumed animal-based products all over countries. High demand for high-quality poultry-based products will sales of animal feed additives.

By Type
• Amino Acids
• Antibiotics
• Feed Enzymes
• Feed Acidifiers
• Vitamins
• Others

By Form
• Dry
• Liquid

By Source
• Synthetic
• Natural

By Livestock
• Ruminant
• Swine
• Poultry
• Aquaculture
• Others

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Regional Insights
The Asia Pacific region accounted for the maximum share in the animal feed additives market over the forecasting period. The region has a large livestock population and growth rate. Furthermore, the region has witnessed growth in the number of feed mills and feed production, particularly in nations such as India and Japan. This growth in the number of feed mills in the region reflects the growth in feed production. The largest feed manufacturer, China, contributes remarkedly to the region's leading position, with Thailand and Indonesia being the developing feed-producing countries, while India and Japan demonstrate stable growth in feed production.

By Region
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of SA)

Key Industry Developments
• In February 2021, Kemin Industries introduced the latest product named KemTRACE Chromium-or, an organic compliant chromium propionate feed substance for swine, cattle, broiler, and horse diets.
• In July 2020, ADM introduced NutriPass L, an encapsulated lysine supplement that is rumen-stable and intestinally accessible to cows. By proper encapsulation, NutriPass provides a consistent and stable supply of metabolizable lysine for lactating cows and growing cattle.
• In February 2021, Alltech and DLG Group has signed an agreement for the merger to focus on providing profitability and efficiency to livestock manufactures in Scandinavia. These companies are decided to acquire the Finnish company, Kärki-Agri.

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Players Covered in Animal Feed Additives market are :
• BASF SE
• Tyson Foods Inc.
• Lallemand Inc.
• Kemin Industries
• E. I. du Pont de Nemours and Company
• Ajinomoto Co. Inc.
• Koninklijke DSM N.V.
• Akzo Nobel N.V.
• Alltech Inc.
• Biomin GmbH
• Cargill Inc.
• Chr. Hansen Holding A/S
• CP Group
• Evonik Industries AG
• Norel S.A.
• Novozymes A/S
• Nutreco
• Phibro Animal Health Corporation
• Novus International Inc.
• Solvay Group
• Archer Daniels Midland Company
• Invivo Group and others Major players.

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