The global feed additives market was valued at USD 37.92 billion in 2024 and is projected to grow from USD 39.80 billion in 2025 to USD 53.66 billion by 2032, reflecting a CAGR of 4.36% during the forecast period. In 2024, Asia Pacific led the feed additives market with a 38.13% share.
Animal feed additives play a crucial role in feed production by improving feed efficiency, animal health, and metabolism. These additives are widely used for various animals and birds, including poultry, enhancing growth performance, feed palatability, and nutrient intake while optimizing feed utilization.
Information Source: https://www.fortunebusinessinsights.com/feed-additives-market-104345
Segmentation:
Amino Acids Segment to Lead Due to Increasing Importance in Regular Diet Feed
Based on type, the market is categorized into vitamins and minerals, antioxidants, amino acids, and others. The amino acids segment is expected to dominate the feed additives market, driven by the rising significance of amino acids in ensuring optimal performance in regular diet feed.
Poultry Segment to Dominate Due to Rising Demand for Functional Additives
By animal type, the market is segmented into cattle, poultry, swine, and others. The poultry segment is anticipated to lead the market, supported by the increasing demand for functional feed additives.
Geographically, the market is analyzed across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.
Report Coverage:
The report provides an extensive analysis of major trends shaping the global market outlook throughout the forecast period. It offers detailed insights into market size, share, revenue, and volume through quantitative and qualitative assessments. Additionally, the report outlines key drivers and restraints, with a focus on product launches as a strategy for stakeholders to expand their market presence.
Drivers and Restraints:
Increasing Demand for Functional Additives to Drive Growth
The growing commercialization and expansion of livestock farming in developing economies are major factors driving the feed additives market. The demand for animal products has fueled the need for functional additives to improve animal health and productivity.
However, economic limitations in emerging regions may restrict market growth to some extent.
Regional Insights:
Asia Pacific to Dominate Due to Sector Consolidation and Modernization
Asia Pacific is expected to maintain its dominance in the feed additives market through the forecast period. The region held a value of USD 12.98 billion in 2022, with growth driven by consolidation and modernization in the feed sector in countries like India, Vietnam, Japan, and China.
North America is projected to grow at a significant CAGR over the forecast period. With over 5,000 feed manufacturing facilities and an annual production surpassing 200 million tons of finished animal feed, the region’s strong production capacity is a key growth driver.
Competitive Landscape:
Product Launches Remain a Priority for Market Players
Established companies and startups are expected to pursue organic and inorganic strategies to expand their presence in the feed additives market. Product launches, partnerships, innovations, and R&D efforts are likely to increase significantly throughout the forecast period.
List of Key Players Mentioned in the Report:
- Cargill, Incorporated (U.S.)
- ADM (U.S.)
- Ajinomoto Co., Inc. (Japan)
- Evonik Industries (Germany)
- DuPont (U.S.)
- Novozymes (Denmark)
- DSM (Netherlands)
- Adisseo (China)
- Hansen Holding (Denmark)
- Kemin Industries, Inc. (U.S.)
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Key Industry Development:
In January 2022, JB Chemicals and Pharmaceuticals Ltd announced plans to acquire Sanzyme Pvt Ltd, aiming to expand its presence in new therapeutic areas.
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