Press release
Nutritional Feed Additives Market Poised for 6.1% Growth, Set to Hit $1.33 Billion by 2029
The market for nutritional feed additives has seen substantial growth in recent years. The market size, valued at $2.85 billion in 2024, is projected to increase to $3.05 billion in 2025, showing a compound annual growth rate (CAGR) of 7.0%. Factors such as livestock health and efficiency, disease prevention, dietary supplementation, as well as enhanced meat and dairy production have contributed to this notable growth in the historical phase.
Anticipations of considerable expansion are being made for the nutritional feed additives market in the subsequent years. The market is projected to soar to $3.87 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. Supply sustenance for animal agriculture, the use of antibiotic substitutes, precision in livestock farming, and product progressions are all contributing factors to the expected growth during the forecast period. In the said period, noteworthy trends are forecasted to rise, including functional feed additives, amino acids and protein supplements, omega-3 fatty acids, along with sustainable and ethically sound farming practices.
What Are the Key Drivers Behind the Growth of the Nutritional Feed Additives Market?
The surge in meat product consumption serves as a major driver for the nutritional feed additives market. This escalating meat consumption has heightened attention towards the quality of meat. Consequently, animals are provided with additional nutrition feed additives to promote proper digestion, enabling them to develop more muscle and weight. This practice results in an increased yield and productivity, therefore increasing the demand for nutritional feed additives. At this time, the annual consumption of meat and poultry surpasses 100 billion pounds in the US.
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Who Are the Major Industry Players Fueling Nutritional Feed Additives Market Expansion?
Major companies operating in the nutritional feed additives market include BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V, Kemin Industries Inc., Adisseo Company, Alltech Biotechnology Pvt. Ltd., Phibro Animal Health Corporation, DuPont de Nemours Inc., Koninklijke DSM N.V, Novozymes A/S, InVivo Group, Lallemand Inc., Elanco Animal Health Incorporated, Addcon Group, Aliphos Belgium S.A, The Archer-Daniels-Midland Company, Solvay Group, Ajinomoto Group, Chr. Hansen A/S, AFB International, Vitablend Asia Pacific Pte Ltd., Kalsec Inc., America-Pac, FoodSafe Technology, Biomin Holding GmbH, Penny Newman, Danisco Animal Nutrition, Provimi Holding B.V., Pancosma S.A., Biovet JSC, BioResource International Inc., Novus International Inc., Vetco (India) Limited, Vetoquinol S.A., Zagro Corporation, Zinpro Corporation, Trouw Nutrition International B.V., Biostadt India Limited
Which Key Developments Are Influencing the Nutritional Feed Additives Market?
Manufacturers of feed additives are directing their investments towards the research and development of organic feed additives, due to an increase in demand for organic and natural feed products within the nutritional feed additives market. Organic feed additives are known to cause fewer side effects and enhance yield than their synthetic counterparts, thus encouraging poultry farmers to transition to herbal nutritional ones. As an illustration, Agpulse Organics has introduced 'Govahnika-Biosheera', a herbal feed additive for animals designed to boost milk production while ensuring the health and milk quality of the cattle.
How Is the Segmentation of the Nutritional Feed Additives Market Defined?
The nutritional feed additives market covered in this report is segmented -
1) By Form: Dry, Liquid, Other Forms
2) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals
3) By Livestock: Ruminants, Poultry, Swine, Aquatic
4) By Distribution Channel: Direct, Indirect, Hyper market/Super market, Specialty Stores, Online Retail
Subsegments:
1) By Dry: Powdered, Granules, Pellets
2) By Liquid: Solution, Suspension
3) By Other Forms: Paste, Gel
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What Is the Leading Region in the Nutritional Feed Additives Market?
North America was the largest region in the nutritional feed additives market in 2023. Asia-Pacific was the second-largest region in the nutritional feed additives market report. The regions covered in the nutritional feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Nutritional Feed Additives Global Market Report?
- Market Size Analysis: Analyze the Nutritional Feed Additives Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Nutritional Feed Additives Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Nutritional Feed Additives Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Nutritional Feed Additives Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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