Press release
Animal Feed Additives Market Performance and Future Opportunities Insights 2024 - 2031 | DSM, BIOMIN Holding GmbH, Ajinomoto Co.
Animal Feed Additives Market
The animal feed additives market is estimated to be valued at USD 43.44 Bn in 2024 and is expected to reach US$ 54.89 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Market Dynamics:
The global Animal Feed Additives Market is witnessing high growth due rising meat consumption worldwide and the increasing demand for animal proteins. Major animal feed additives market growth drivers are the rising disposable incomes in emerging economies and growing demand for dairy and meat products. This demand is bolstering the need for quality feed additives that maximize animal health and productivity. Another key growth driver is the ban on the use of antibiotics as growth promoters.
This has shifted the focus on feed enzymes as an alternative to antibiotics for gut health management in livestock. Moreover, the intensifying livestock farming practices and growing concerns over pasture grazing are generating demand for nutritional feed additives. Shift toward natural growth promoters from synthetic growth promoters is also fueling market expansion.
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Two Major Market Drivers for the Animal Feed Additives Market
Rising Global Meat Consumption is Fueling the Demand for Animal Feed Additives
Meat consumption has been on the rise globally, driven by growing population and rising incomes in developing countries like China and India. This is leading to increased demand for meat production which is driving growth in the animal feed industry. Animal feed additives help improve the nutritional value and efficiency of animal feed and promote better growth and health of livestock. They are essential to meet the growing needs of the meat industry.
One Major Market Opportunity for the Animal Feed Additives Market
Growing Aquaculture Industry Presents Lucrative Prospects
The aquaculture industry is growing rapidly globally, especially in Asia Pacific, to meet the rising demand for seafood. Intensive aquafarming practices require high quality, customized animal feed formulations. Feed additives play a critical role in aquafeeds to improve nutrient profiles, utilization and overall health of farmed fish and shrimp. Specialized additives that leverage benefits of natural ingredients, enzymes and probiotics are gaining popularity. As the blue revolution continues to expand, it brings opportunities for feed additive manufacturers to cater to the specific nutrient and health requirements of aquaculture species. Their role in ensuring sustainability and environmental protection in aquaculture also enhances opportunities.
One Major Market Trend in the Animal Feed Additives Market
Increasing Focus on Natural and Organic Feed Additives
Consumers are demanding food produced in an ethical and environmentally-friendly manner. This is driving the increased use of natural or organic feed additives. Products derived from herbs, spices, plant extracts and essential oils are becoming popular choices. Additives containing natural antioxidants, acids, enzymes and prebiotics are able to promote gut health without the use of antibiotics or chemical compounds. They improve nutrition and support animal welfare. To meet this consumer-led trend, manufacturers are investing in Research & Development to identify more plant and mineral-based alternatives. The growing emphasis on transparency around ingredients and production processes will sustain this natural additive trend going forward.
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Top Companies Featured in This Report:
★ DSM
★ BIOMIN Holding GmbH
★ Ajinomoto Co. Inc.
★ ADM
★ Alltech Inc.
★ ANOVA Group
★ BASF SE
★ Cargill Inc.
★ Centafarm SRL
★ Chr. Hansen Holding
★ Evonik Industries
★ HONG HA NUTRITION
★ International Flavors & Fragrances Inc.
★ Kemin Industries Inc.
★ Novozymes
★ Novus International Inc.
★ Olmix Group
★ Solvay S.A.
Market Segmentation:
By Product Type:
★ By Product Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, and Others
★ By Livestock: Pork/Swine, Poultry, Cattle, Aquaculture, and Others
Key Regions/Countries Classified as Follows:
» 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)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
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📈 Strategic recommendations tailored for key business segments based on market insights
📈 Valuable guidance for newcomers venturing into the navigation keyword market
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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