Animal Feed Additives Market Type (Amino Acids, Vitamins, Phosphate, Enzyme, Mycotoxins, Antibiotics, Minerals, Antioxidants, Probiotics, and No-protein Nitrogen), Source (Plant, Animal, and Microorganisms), Form (Powder, Granular, and Liquid), Livestock (Ruminants, Livestock, Swine, Aquaculture, and Pet Animals), and Region Global Forecast 2021 to 2031

The global animal feed additives market was valued at USD 17.56 billion in 2017. Increase in demand for healthy milk and meat products owing to rising concerns over food quality due to the outbreak of livestock diseases is driving the growth of global animal feed additives market size.

Feed additives are compounds/materials which are imparted to the animals to improve the effectiveness of nutrients and exert its effect on the gut. Ongoing advances and awareness regarding the nutritional requirements in agricultural animals have led to the development of additives such as metabolic modifiers. These modifiers enhance animal metabolism by improving production efficiency in lactating animals (milk yield per unit), carcass composition such as lean-fat ratio and decreasing animal waste. Having adopted the popular approach of supplementing animals with optimum nutrients, the global animal feed additives market is gaining a lot of traction across geographies.

The global Animal Feed Additives market worth US$ 66.23 Bn by 2031, growing at a CAGR of 5.2 %

Recent innovations such as the discovery of feed additives namely, L-selenomethionine is further expected to boost the global market in the coming years. L-selenomethionine enantiomer is the main form of selenium compound and is mainly present in cereal grains, Brazil nuts, soybeans, and grassland legumes. However, sudden outbreaks such as African swine fever lead to volatility in the global trades in currency exchanges, economic sanctions which in turn leads to export bans, thus, disrupting feed additive company innovations.

By type, antibiotics are expected to register a moderate CAGR of 2.3% from 2018 to 2025 in the global animal feed additives market. Since the past few years, antibiotics have been widely utilized in optimum quantities in the animal feed production, to improve their growth performance. However, accumulation of microbes leads to antimicrobial resistance which has forced various governmental organizations such as the European Union Commission to phase out and ultimately ban the marketing and use of antibiotics as feed growth promoters

Mounting demand for animal feed additives is a result of rising disposable incomes contributing to the rapid consumption of meat globally, and increased tendency for frozen products. The global animal feed additives market demand from the aquaculture segment was USD 989.2 million in 2017. The growth of the global aquaculture market is based on the growing affinity towards the adoption of adequate lean protein supplements in the modern diet, thus, consequently driving the global animal feed additives market. Demand for fishmeal and rapid fisheries production is further expected to stimulate the global animal feed additives market size over the next few years.

However, aquaculture still accounts for nearly 4-5% of global animal feed production and is affected by the fluctuation in prices of feed ingredients along with low market prices for farmed products. Also, high regulatory interventions in the developed economies of North America and Europe, raw material supply issues is expected to hamper the product development in the forecast years.

North American animal feed market, growing with a CAGR of 3.5%, is expected to be a potential market in the coming years. Growth in meat consumption mainly in the U.S. coupled with stringent laws regarding high-quality meat are the prime factors for the market growth in this region. Moreover, abundant availability of raw material such as maize is also driving the global animal feed additives market size. On the other hand, Asia Pacific is the fastest growing region in the wake of growing farmer awareness on enhancing farm productivity and close correlation in animal yield and feeding efficiency. Also, the upcoming demand for baby food products bodes well for organic animal feed additives. Evolution of India as one of the largest meat exporter further varies the dynamics of the Asian economies.

Key manufacturers in the global animal feed additives market are majorly involved in product innovations and frequent regulatory interventions boost R&D spending, thus, evolving the industry. Over the past few years, there has been a substantial increase in mergers and, acquisitions among market participants to gain access to regional markets and improve their presence across the value chain. Some of the key players operating in the market include BASF SE, DSM N.V., Novozymes, Evonik, Danisco (DuPont), Kemin, and Cargill.

Conductive Polymer Market Scope

Key segments of the global animal feed additives market

Type Overview (USD Billion)

• Antibiotics
• Vitamins
  • A
  • E
  • B
  • C
  • Others
• Antioxidants
• Amino acids
  • Tryptophan
  • Lysine
  • Methionine
  • Threonine
  • Others
• Feed enzymes
  • Phytase
  • Non-Starch Polysaccharides & Others
• Feed Acidifiers
• Others (Trace Minerals, NPN and so on)

Livestock Overview, (USD Billion)

• Pork/Swine
• Poultry
• Cattle
• Aquaculture
• Others

Regional Overview, (USD Billion)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • UK
  • Germany
  • Rest of Europe
• Asia Pacific
  • India
  • Japan
  • China
  • Rest of APAC
• Rest of World (RoW)