Specialty Feed Additives Market Is Expected To Reach A US$ 20.5 Billion Value By 2033

The global specialty feed additives market is expected to maintain a steady compound annual growth rate (CAGR) of 5.2% from 2023 to 2033, with current valuation at US$ 12.3 billion projected to reach US$ 20.5 billion by 2033. This growth is driven by increasing adoption of animal-sourced proteins like milk and eggs, spurred by growing awareness of their health benefits for both animals and humans.

Studies highlight that animal-sourced proteins offer higher nutrient density and better digestibility compared to plant-based proteins, potentially reducing the incidence of various diseases and disorders. As demand for these proteins rises, there is a corresponding increase in the need for specialty feed additives to optimize animal diets and ensure efficient nutrient absorption.

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For example, various specialty feed additives include essential vitamins and minerals like Vitamin A and zinc, crucial for animals' proper growth and development. These additives also improve feed digestibility, helping animals utilize nutrients more efficiently.

In terms of feedstock, acidifier-based additives are poised to dominate the global market from 2023 to 2033. They effectively promote gut health by regulating intestinal flora, enhance overall digestion, and boost immune systems while reducing harmful microorganisms.

To support optimal growth in poultry and horses, feed products increasingly incorporate macro minerals such as salt and calcium.

Regionally, the Asia-Pacific market for specialty feed additives is expected to experience significant growth, driven by heavy reliance on livestock and increasing demand for animal protein. In contrast, the cattle industry in developed Western markets focuses on sustainable production, aiming for cost efficiency and high quality.

Companies Profiled by Fact.MR
• Chr. Hansen Holdings A/S
• Koninklijke DSM N.V.
• Brookside Agra
• Evonik Industries
• Nutreco N.V
• Novus International
• DuPont de Nemours Inc.
• BASF SE
• Akzo Nobel Surface Chemistry AB
• Kemin Industries Inc.
• Neovia Group
• Novozymes A/S

Key Takeaways:
• China is poised to hold a share of 35% in the global market for specialty feed additive from 2023 to 2033.
• The United States market is poised to expand at a steady CAGR of 5% between 2023 and 2033.
• Europe accounts for a significant revenue in the global market for specialty feed additives.
• Based on functionality, palatability enhancement sector is slated to increase at a CAGR of 4.6% between 2023 and 2033.
• By feedstock, acidifiers are estimated to account for a sizeable share in the global market for specialty feed additives.
Growth Drivers:
• Growing need for organically produced feed and feed additives, as well as meat product uniformity, should stimulate demand.
• Increasing awareness of the advantages of using specialty feed additives among consumers is poised to promote acceleration.
• Rising demand for livestock products such as dairy and eggs is likely to generate development opportunities.
Restraints:
• The global market for specialty feed additives may experience slow development as a result of various countries' bans on antibiotics.
• The health of humans may be negatively impacted by specialty feed additives, and allergic responses in particular are likely to impede growth.

Competitive Landscape:
Manufacturers are looking to produce high-quality feed additives to meet demand. They are focused on products that can increase milk and egg production.

They are also offering feed additive products that help animals to metabolize proteins more efficiently, improving the nutritional content of milk and eggs. These companies also looking to introduce specialty feed additives that are natural and organic.

Manufacturers are introducing feed additives that contain prebiotics and probiotics, which help to improve the digestive health of animals. This helps to increase their nutrient absorption and improve the overall quality of the milk and eggs produced.

There is also an emphasis on innovative technology to improve the efficacy of their feed additives.

For instance,
• In January 2023, Purina Animal Nutrition introduced Purina® EnduraSow and Purina® EnduraPig, two new feed additives designed to improve sow performance and reproductive efficiency as well as piglet respiratory health and immunological function throughout the post-weaning phase.
• In January 2021, Azelis, a top distributor of specialized chemicals and food additives, announced that it has joined forces with Perstorp, a world authority on the specialty chemical and feed additives markets, to portray them in the United Kingdom for their line of animal nutrition products, including acidifiers, preservatives for grains, and solutions for feed hygienic practices and digestive health.
• In December 2020, Dutch feed additive business FRAmelco Group was fully acquired by Bluestar Adisseo Company. This deal advanced Adisseo's goal of leading the field of specialized animal feed additives on a global scale.

By Feedstock:
• Binders
• Acidifiers
• Minerals
• Antioxidants
• Flavors & Sweeteners
• Vitamins
• Other Specialty Feed Additives

By Form:
• Dry
• Liquid

By Functionality:
• Palatability Enhancement
• Mycotoxin Management
• Preservation of Functional Ingredients
• Other Functionalities

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Read More: https://www.factmr.com/report/4470/specialty-feed-additives-market

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This release was published on openPR.