The global feed additives market size is expected to reach USD 60.5 Billion by 2028 and register a CAGR of 6.5%, according to the latest report by Reports and Data. Increasing demand for animal-based products is a key driver supporting market revenue growth.
Feed additives are products that are used in livestock nutrition to enhance feed quality and improve total development and growth of animals. These products help in increasing feed intake and also provide necessary nutrients otherwise lacking in the diet. Rapid increase in cattle farming along with growing awareness about advantages of including additives in animal feed are some significant factors enhancing growth of the feed additives market. Additionally, many key market players are investing in R&D activities to develop more effective feed additives and are focusing on expanding their product lines.
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The key companies profiled in the report include:
Cargill (US), DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (The Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark), InVivo (France), Nutreco (The Netherlands), Kemin (US), Adisseo (France), and Alltech (US).
For this study, Reports and Data has segmented the global feed additives market based on type, livestock, form source, and region:
Based On Type: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Amino Acids
- Phosphates
- Vitamins
- Acidifiers
- Carotenoids
- Enzymes
- Mycotoxin detoxifiers
- Flavors & Sweeteners
- Antibiotics
- Minerals
- Antioxidants
- Non-protein Nitrogen
- Phytogenics
- Preservatives
- Probiotics
Based On Livestock: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Ruminants
- Dairy
- Beef
- Calf
- Others
- Sheep
- Goat
- Poultry
- Broilers
- Layers
- Breeders
- Swine
- Starter
- Sow
- Grower
- Aquatic Animals
- Others
- Equine
- Pets
Based On Form (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Dry
- Liquid
Based On Source: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)
- Synthetic
- Natural
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The regional analysis of the Feed Additives industry assesses the following crucial geographical regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Some key highlights from the report:
- Based on type, the amino acid segment revenue is expected to account for a high CAGR during the forecast period owing to extensive use of amino acids in cattle and pig feed.
- In context to form, the liquid segment is projected to account for largest revenue share over the forecast period. High revenue is attributed to factors such as easy handling, cost-effectiveness, and quick mixing with feed.
- Based on livestock, the poultry segment revenue accounted for substantial market share in 2024 and is projected to continue dominating other livestock segments between 2024 and 2028. Factors such as high demand for poultry products such as eggs, milk, chicken along with increasing population and recent trend for high protein diet are contributing to elevated growth of the segment.
- North American market revenue is expected to expand at a rapid CAGR throughout the forecast period owing to factors such as high consumption of animal-based products, strict regulations and standards for meat quality combined with availability of raw materials like corn and maize in abundance.
Regional Analysis of the Feed Additives Market:
The report offers a comprehensive regional bifurcation of the key regions included in the Feed Additives market along with production and consumption patterns, supply and demand ratio, import/export analysis, revenue contribution, market share and size, volume and value, and the operations of the key players located in each key regions. Along with this, the report also offers an estimated year-on-year growth rate of all the regions and their key countries along with total revenue generated by each region during the entirety of the forecast timeline (2020-2027).
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