About Feed Additives
Feed additives are substances, microorganisms or preparations used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin or to improve the animal’s performance and health. It involves vitamins, amino acids, fatty acids, minerals, pharmaceutical, fungus, steroid or growth hormone. The manufacturers of Feed additives cannot put it on the market without the authorization with scientific proof showing that the additive has no harmful effects on human, animal health and the environment. Feed additives play an important role in animal nutrition as livestock producers seek new sustainable and natural ways to enhance performance and health.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
The market is very fragmented and players like Cargill, BASF, Evonik Industries, Alltech, Inc, Bluestar and Adisseo are holding good position in the global feed additives market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Feed Additives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), BASF (Germany), ADM (United States), Adisseo France SAS (France), Evonik Industries (Germany), Solvay (Belgium), Alltech, Inc (United States), Ajinomoto (Japan), DSM (Netherlands) and Bluestar Adisseo (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nutreco (Netherlands), Chr. Hansen (Denmark), Elanco Animal Health (United States) and Kemin Industries Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Feed Additives market by Type (Antioxidants, Mold Inhibitors, Thickeners, Emulsifiers, Adjusters, Amino Acids, Vitamins, Minerals, Pigmenters, Antibiotics, Enzymes and Others) and Region.
On the basis of geography, the market of Feed Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Dry will boost the Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Livestock, the sub-segment i.e. Pork/Swine will boost the Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Preference for Organic and Natural Feed Products and Demand for Feed Additives with Improved Quality
Market Growth Drivers:
High Demand for Food Derived From Animals and Increasing Demand for Meat and Meat-Based Products
Challenges:
Stringent Regulatory Guidelines for Feed Additives
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Population of the World and Growing Awareness about the Benefits of Feed Additives
Market Leaders and their expansionary development strategies
On 1st February 2019, Archer Daniels Midland Company (ADM) announced that it has successfully completed the acquisition of Neovia, creating a global leader in value-added products and solutions for both production and companion animals.
In 2022, BASF will expand its feed enzyme production capacity at its plant in Ludwigshafen (Germany). Through the expansion of the existing plant, BASF has significantly increased annual production. Greater production capacity enables BASF to meet customers' growing global demand for reliable supply of BASF's feed enzymes Natuphos E (phytase), Natugrain TS (xylanase and glucanase) and the recently launched Natupulse TS (Mannanase)., and In February 2021, Kemin Industries launched a new product called KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for pigs, cattle, broilers and horses.
According to European Union Regulation 1831/2003, all feed additives to be placed on the market within the European Union have to undergo a thorough approval process. Those who seek approval for the products as livestock food additives must submit them to the European Food Safety Authority (EFSA), the European Reference Laboratory, the European Commission and the member states.
Key Target Audience
Feed Additives Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.