Feed Additives Market Size, Emerging Trends, Growth Drivers, Share, Business Opportunities, Industry Analysis, Key Segments, Leading Players, and Forecast - 2028

Feed Additives Market by Livestock, Type (Phosphates, Amino Acids, Vitamins, Acidifiers, Carotenoids, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, and Antioxidants), Form, Source, and Region - Global Forecast to 2028
The [https://www.marketsandmarkets.com/ResearchInsight/size-and-share-of-feed-additives-market.asp?utm_source=paidpr&utm_medium=feed-additives-market-30-Sep-24_supriya&utm_id=abnewswire.com]is valued at approximately USD 42.2 billion in 2023, with expectations to reach USD 55.8 billion by 2028, reflecting a CAGR of 5.8% during this period. These additives are vital in contemporary animal agriculture, comprising various substances incorporated into animal feed to enhance nutrition, bolster animal health, and improve production efficiency. Their significance has surged in response to the rising global demand for animal-derived products like meat, milk, and eggs. To satisfy this demand, the livestock sector increasingly relies on feed additives to optimize growth, prevent diseases, and enhance overall productivity. Furthermore, the growing focus on sustainable and ecofriendly farming practices has spurred the creation and use of innovative feed additives that not only improve animal performance but also minimize environmental impacts, thereby driving market expansion.

Image: https://www.marketsandmarkets.com/Images/feed-additives-market.jpg

[https://www.marketsandmarkets.com/ResearchInsight/emerging-trends-in-feed-additives-market.asp?utm_source=paidpr&utm_medium=feed-additives-market-30-Sep-24_supriya&utm_id=abnewswire.com]

Here are some key trends shaping the feed additives market:

Growing Demand for Animal Protein: The increasing global population and rising incomes are driving the demand for meat, dairy, and eggs, leading to greater use of feed additives to enhance animal growth and health.

Shift Towards Natural and Organic Additives: There is a rising consumer preference for natural and organic products, prompting manufacturers to develop feed additives from natural sources to promote animal health and reduce reliance on synthetic substances.

Focus on Animal Health and Welfare: With increasing awareness of animal welfare, there is a trend towards using feed additives that improve gut health, immune response, and overall well-being, thereby enhancing livestock productivity.

Regulatory Changes: Stricter regulations regarding the use of antibiotics and growth promoters in animal feed are encouraging the adoption of alternative feed additives, such as probiotics and prebiotics, that support animal health without the risks associated with traditional additives.

Technological Advancements: Innovations in feed formulation and processing technologies, including the use of precision nutrition and data analytics, are enhancing the effectiveness of feed additives and optimizing livestock diets.

Sustainability Initiatives: There is a growing emphasis on sustainability within the animal agriculture industry, leading to the development of feed additives that promote feed efficiency and reduce the environmental impact of livestock production.

Increased Research and Development: Companies are investing in R&D to develop novel feed additives that can provide multiple benefits, such as improving feed conversion ratios, reducing methane emissions, and enhancing nutrient absorption.

Rising Awareness of Food Safety: Consumers are becoming more aware of food safety issues, which is driving the demand for feed additives that can enhance the safety and quality of animal-derived products.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=870 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=870&utm_source=paidpr&utm_medium=feed-additives-market-30-Sep-24_supriya&utm_id=abnewswire.com]

The preservatives segment is projected to experience the highest CAGR among all types during the forecast period.

Preservatives are substances added to animal feed to inhibit microbial growth, prevent spoilage, and extend the shelf life of feed ingredients. They are primarily used to maintain the nutritional value of feed, ensuring that animals receive the required nutrients for optimal growth and health. Additionally, preservatives help safeguard feed from contamination and mold, reducing the risk of mycotoxin formation, which can be harmful to animals. The increasing demand for high-quality and safe animal nutrition is a key driver behind the significant growth of the preservatives sub-segment. As the global population continues to rise, there is a growing need for efficient livestock production to meet the demand for animal-derived products. This necessitates the use of feed additives, including preservatives, to maintain feed quality and protect animal health.

Aquatic Animals Segment Expected to Experience Significant Growth in the Feed Additives Market.

The global demand for seafood has been steadily increasing due to its nutritional benefits and rising consumer preferences for healthier diets. As a result, aquaculture, the farming of aquatic animals, has gained prominence as a means to meet this demand sustainably. To ensure the optimal growth and health of aquatic species in aquaculture settings, the use of feed additives has become essential. Feed additives tailored for aquatic animals are designed to improve feed efficiency, enhance growth rates, and bolster disease resistance. These additives play a crucial role in maintaining water quality and ensuring the well-being of aquatic livestock, ultimately contributing to higher yields and profitability for aquaculture farmers. Furthermore, environmental concerns and overfishing have prompted a shift from wild-caught to farmed seafood. As a result, aquaculture is becoming a vital source of fish and seafood production, leading to a higher consumption of feed additives in the industry.

Asia-Pacific Expected to Dominate Global Feed Additives Market Share [https://www.globenewswire.com/news-release/2024/07/26/2919616/0/en/Feed-Additives-Market-Size-Share-Industry-Analysis-and-Forecast.html].

The Asia Pacific region has seen an increase in the number of feed mills and feed production, especially in countries like India and Japan. This rise in feed mills reflects the overall growth in feed production. China is the largest feed producer in the region, with Thailand and Indonesia emerging as significant feed-producing countries. India and Japan show consistent growth in feed production as well. There is also a growing demand for meat and meat products, attributed to the increasing demand for a protein-rich diet. Pork and poultry are the most consumed meats in the Asia Pacific region. The demand for poultry is expected to increase in India and China due to a focus on meat quality and public health campaigns promoting the consumption of lower-fat protein options. Fish consumption is also on the rise due to similar health trends. Additionally, pork, seafood, and dairy consumption and production have increased in the region. The modernization of animal livestock production in this region provides growth opportunities for feed additive manufacturers. The international feed additives market, once dominated by major Western countries, is now seeing promising growth in Asian markets. However, major innovations are still expected to come from European and US markets.

Top Feed Additives Companies [https://www.marketsandmarkets.com/ResearchInsight/feed-additives-market.asp?utm_source=paidpr&utm_medium=feed-additives-market-30-Sep-24_supriya&utm_id=abnewswire.com]:

The key players in this market include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), CHR. HANSEN (Denmark), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc (US), Adisseo (France), BRF (Brazil), Solvay (Belgium), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), Nuqo Feed Additives (France), Novus International Inc. (US), Palital Feed Additives B.V. (Netherlands), VITAFORMS (US), ALLTECH (US), Neospark Drugs and Chemicals Private Limited (India), and Tex Biosciences (P) Ltd. (India). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.

Feed Additives Industry News [https://www.marketsandmarkets.com/PressReleases/animal-feed.asp?utm_source=paidpr&utm_medium=feed-additives-market-30-Sep-24_supriya&utm_id=abnewswire.com]:

In September 2023, Novozymes and Bactolife joined forces to significantly reduce post-weaning diarrhea and antibiotic use among weaner pigs, thus launching Ablacto+. This bio-solution uses binding proteins to stabilize the gut of piglets, thereby reducing the need for antibiotic consumption. With this, the company has a new antibiotic-based feed additive in its product portfolio

In April 2023, Kemin Industries launched Pathorol for farmed shrimp health in multiple Asian countries, such as India, Thailand, Vietnam, Indonesia, and Singapore, thus strengthening its footprints in Asia.

On february 2023, Adisseo acquired Nor-Feed for USD 1.82 billion, a French group that designs, produces, and markets plant-based specialty ingredients and plant extracts for animal nutrition. This acquisition has helped Adisseo Group's strategy to become a leader globally by providing solutions for animal nutrition.

Key Questions Addressed by the Feed Additives Market Report [https://www.prnewswire.com/news-releases/feed-additives-market-worth-55-8-billion-by-2028--exclusive-report-by-marketsandmarkets-301945439.html]:

What are feed additives?

Why are feed additives important in animal nutrition?

What are the key factors driving the demand for feed additives?

What is the current size of the global feed additives market?

Which are the major key players in the feed additives market?

Which regions are the largest consumers of feed additives?

What are the challenges faced by the feed additives market?

What is the future outlook for the feed additives market?

About MarketsandMarkets Trademark

MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=feed-additives-market-size-emerging-trends-growth-drivers-share-business-opportunities-industry-analysis-key-segments-leading-players-and-forecast-2028]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/feed-additives-market-870.html



This release was published on openPR.