Global Animal Feed Additives Market Projected to Reach US$ 26.48 Billion by 2029, Growing at a CAGR of 5.5%

Market Value and Growth Rate

Animal Feed Additives Market size was valued at US$ 18.20 Bn. in 2022 and the total revenue is expected to grow at 5.5% CAGR through 2023 to 2029, reaching nearly US$ 26.48 Bn.

Animal Feed Additives Market Scope And Research Methodology

The report provides an extensive analysis of the global Animal Feed Additives Market, covering key segments based on Livestock, Product Type, Function, Form, and regional insights for North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

Maximize Market Research has employed a rigorous research methodology to gather and analyze data for this report. The study includes historical data from 2018 to 2022, with forecasts extending to 2029. The report also considers the impact of the global lockdown on the market in 2022 and 2023.

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What are Animal Feed Additives Market Dynamics?

Market Drivers:

The Animal Feed Additives market is driven by the growing consumption of meat and animal-based products, coupled with concerns about animal health and consumer demands for specific attributes in food products. Additives play a crucial role in improving animal performance and overall health, indirectly influencing the quality of human food products.

Market Restraints:

While the demand for feed additives is on the rise, factors such as unpredictability in raw materials and production costs may pose challenges to market growth.

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What is Animal Feed Additives Market Segmentation?

by Livestock

Swine
Ruminants
Poultry
Aquatic Animals
Others

by Product Type

Amino Acids
Antioxidants
Feed Enzymes
Feed Acidifiers
Vitamins
Minerals
Binders
Antibiotics
Others

by Function

Single Function
Multifunction

by Form

Dry
Liquid
Others

Who are Animal Feed Additives Market Key Players?

1. BASF SE
2. Alltech Inc
3. Cargill, Inc.
4. Novozymes A/S
5. Evonik Industries AG
6. Charoen Pokphand Foods Public Company Limited
7. Nutreco N.V.
8. Addcon Group
9. Archer Daniels Midland Company
10. Adisseo France SAS
11. Kemin Industries
12. Chr. Hansen Holding A/S
13. Biomin
14. Aliphos Belgium S.A
15. Koninklijke DSM N.V
16. Phibro Animal Health Corporation
17. Biotech JSC
18. Danisco Animal Nutrition, Biomin,
19. Ajinomoto Co., Inc.
20. Adisseo France SAS.
21. Kemin Industries, Inc.

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Table of content for the Animal Feed Additives Market includes:

Part 01: Executive Summary

Part 02: Scope of the Animal Feed Additives Market Report

Part 03: Global Animal Feed Additives Market Landscape

Part 04: Global Animal Feed Additives Market Sizing

Part 05: Global Animal Feed Additives Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights

The Asia Pacific is projected to dominate the global Animal Feed Additives market, driven by the increasing consumption of animal products in the region. China, as the world's second-largest economy, is expected to play a pivotal role, with a forecasted market size of US$ 4.4 billion in 2029. North America is anticipated to experience the highest compound annual growth rate (CAGR) due to elevated living standards in the region.

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