The global animal feed additives market is projected to grow USD 56.22 billion by 2027, at a CAGR of 6.1% during the forecast period 2020-2027. China is the major exporter of meat and also the animal feed additives producers. India and Japan are also contributing in the market of feed production.

The global demand for animal-based protein is expected to grow by more than 50% over the next three decades. The growing awareness to maintain the overall health of domesticated animals and increase their productivity is surging the growth of the animal feed additives market. India, China, and Japan are the significant consumers of animal feed additives in the APAC region and accounted for a combined revenue share of USD 6,229.02 million in 2020. The growth of this market in the APAC region is due to the large livestock population and their growth rate. Companies should invest significantly in R&D activities, which ensure their success in the additives industry for the long term. The stringed food regulations have prompted farmers to feed their livestock with better feeds with natural and herbal additives. The natural products are expected to fuel the demand in the feed additives market during the forecast period.

The following factors are likely to contribute to the growth of the animal feed additives market during the forecast period: • Increasing Demand for Animal Protein • Probiotic Are Gaining Momentum in the Animal Feed Additives • Growing Demand for Antibiotic Alternative • Rising Trend of Premium Breeding & Organic Production

The global animal feed additives market is expected to grow from USD 35.01 billion in 2019 to USD 56.22 billion by 2027, at a CAGR of 6.1% during the forecast period 2020-2027. According to the report prepared by Fior Markets, Asia-Pacific region is expected to show higher growth. Increased livestock population is driving the animal feed additive market. China is the major exporter of meat and also the animal feed additives producers. India and Japan are also contributing in the market of feed production. Also, a rise in disposable income is resulting in increased consumption. Growth in the feed mills is also generating more demand for the market.

Key players in the global animal feed additives market are Cargill, Inc., BASF SE, Evonik Industries AG, Addcon Group, Koninklijke DSM N.V., Archer Daniels Midland Company, Kemin Industries Inc., Aliphos Belgium S.A., Phibro Animal Health Corporation, Nutreco N.V., Danisco Animal Nutrition, Ajinomoto Co., Biotech JSC, Alltech, Adisseo France SAS and Biomin. Key players are expanding their business along with various growth strategies to cater to the demand. Increasing demand for processed meat is generating opportunities for market players to increase their production, thereby increased market for animal feed additives.

The type segment includes antibiotics, minerals, binders, vitamins, feed enzymes, feed acidifiers, antioxidants and amino acids. Mineral segment is expected to grow at a higher rate over the forecast year. It is used to improve health and feed intake of animals which results in increased milk production and efficiency. Requirement of minerals to animals is dependent on the production stage and the age of animals. In chicken feed, tetracycline and penicillin is used as an antibiotic to improve the egg production and feed efficiency. Antibiotic enhances a quality of meat along with lesser fat and higher protein content.

The livestock includes aquatic animals, ruminants, poultry and swine. Rising pork consumption is driving the swine feed by increasing its production. Need for special additives to minimize diseases such as bird flu and swine flu are driving the animal feed additives. The form segment includes liquid and dry. The dry form is expected to grow significantly over the forecast period. Dry-type also includes pellets which are manufactured by pressing mash into dry pellets.

However, overuse of antibiotics affects the health of human beings as an antibiotic involves growth promoters, results in increased resistance to medications due to excessive growth promoters. Hence, rules and regulations on antibiotics result in restrictions on the uses of excessive antibiotics in animal feed additives market. Increased awareness regarding healthy lifestyle and nutritional values, demand for additives is increased. Also, Outbreaks of diseases spreading through animals is driving the animal feed additives market.

MARKET SEGMENTS

The growing population and increasing demand for nutritious food are gaining momentum in poultry farming across the globe. The use of feed additives in synthetic or natural additives is an essential part of achieving success in poultry farming in terms of poultry health and production. The US is the world’s largest producer of poultry and the second-largest exporter of poultry meat. This growth pattern is expected to continue as protein needs increase because of COVID-19 and ASF outbreaks across the globe. In China, sales of poultry additives increased due to an outbreak of African Swine Fever (ASF).

Most of the poultry and pork consumed today are raised using feeds containing amino acids. During the forecast period, amino acids will become even more essential to ensure that animal production systems are environmentally sustainable, and use limited natural resources. The APAC region has enormous potential and scope for amino acids, as many farmers are unaware of the benefits of amino acids.

Liquid feed additives are highly palatable and increase their consumption among animals, which helps reduce feed wastage and labor cost. The US is expected to boost the demand for liquid feed during the forecast period.

Market Segmentation by Type of Species • Poultry • Swine • Cattle • Aquatic Animals • Other Species

Market Segmentation by Product Type • Vitamins • Amino Acids • Antibiotics • Enzymes • Minerals • Eubiotics • Others

Market Segmentation by Form • Liquid • Dry

INSIGHTS BY GEOGRAPHY

The animal feed additives market in APAC is expected to reach USD 13,117.60 million by 2026. China will be the most extensive feed additives market in the APAC region, followed by India, Australia, Japan, and South Korea. In APAC, the growing organized market for better animal farming techniques and various agrarian economies drives additives demand. Swine additives hold a significant share in China, Japan, South Korea, the Philippines, Thailand, and Vietnam. Eubiotics will be the second-largest revenue contributor to the market in APAC at USD 1,465.70 million by 2026.

INSIGHTS BY VENDORS

Global feed additives market is intensely competitive. An increase in competition and business expansion will lead to vendors increasing their promotional and advertising expenses. Many players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in the APAC region, to gain more market share. Vendors will boost profitability through efficient production techniques that minimize production costs for meat products and mitigate associated risks in the upcoming years. Animal feed additives manufacturers have huge opportunities in APAC because of the increasing demand for premium foods for pets and for meat.

KEY VENDORS • AB Vista • Adisseo • ADM • Alltech • Azinomoto • Biovet SA • Boehringer Ingelheim • Cargill • DSM • Elanco • Evonik Industries • Kemin industries • Novozymes • Nutreco • Zoetis