Animal Feed Additives Market: Size, Share, Growth, and Forecast Perspectives 2030
The animal feed additives market, valued at US$35 billion in 2019, is poised for steady growth in the coming years. As the world’s appetite for meat, poultry, and dairy products continues to rise, the need for safe and sustainable animal feed additives becomes increasingly critical. A recent market analysis highlights key trends and drivers influencing this dynamic industry.
Regulatory Focus on Healthier Alternatives
The global animal feed additives market operates in a regulated environment, with growing concerns about the use of antibiotics in animal feed. In response, organizations like the European Union have taken the lead in regulating the use of growth promoters in animal feed. This has spurred demand for healthier alternatives that enhance animal yield and fill nutritional gaps without compromising animal or human health.
- The market registered approximately US$35 billion in revenue in 2019, with a projected steady growth trajectory.
- Despite regulatory constraints, antibiotics remain a leading segment.
- Asian markets, particularly China and India, are at the forefront of the industry, while North America and Europe rely heavily on Asia Pacific for imports.
- Outbreak of Livestock Diseases: Increasing demand for raw and processed meat, poultry, and fish products is driving the significance of companion animal health. Concerns about livestock diseases like swine flu and avian/bird flu have heightened the demand for safe feed additives.
- New Product Launches: Continuous introduction of innovative products is a significant growth driver. Recent examples include Layn Corp’s expansion into plant-based sweeteners and CBD and hemp products, addressing palatability, anti-oxidation, and gut health. Ascus Biosciences also introduced endomicrobials to enhance productivity and well-being, while NUQO offers natural ingredients using algae bioactives.
- Antibiotics to Remain Leading Segment: Microorganism-sourced feed additives are poised for growth, with plant-derived ingredients also gaining traction. Antibiotics are expected to retain the largest market share.
Government Regulations: Stringent government regulations on antibiotic usage in livestock feeds, due to potential human health impacts, could weaken this segment. For instance, the European Union’s restrictions on mass medication in animals are affecting antibiotic use. The shift towards veganism among consumers is another challenge.
- China and India: Asia Pacific, driven by China and India’s robust production of meat, is expected to dominate the global market.
- Interdependence: North America and Europe heavily rely on Asian nations for meat and poultry imports, bolstering the demand for quality animal feed additives in Asia Pacific.
Major players in the global animal feed additives market include BASF SE, Cargill Inc., Phibro Animal Health Corp., Danisco Animal Nutrition, Novozymes AS, Elanco Animal Health, Archer Daniels Midland Co. (ADM), Kemin Industries Inc., Beneo GmbH, Disseo SAS, and Lallemand Inc.
As the global population increasingly seeks sustainable and natural food products, the animal feed additives industry is poised for growth, driven by innovation and a commitment to animal and human well-being.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/animal-feed-market
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