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Feed Additives Market To Reach USD 60.5 Billion By 2028: Increasing Livestock Production

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Feed Additives Market To Reach USD 60.5 Billion By 2028: Increasing Livestock Production

September 28
15:26 2022
Feed Additives Market To Reach USD 60.5 Billion By 2028: Increasing Livestock Production
Feed Additives Market
The global feed additives market size was USD 37.4 billion in 2020 and is expected to register a CAGR of 6.5% during the forecast period.

The global feed additives market size is expected to reach USD 60.5 Billion by 2028 and register a CAGR of 6.5%, according to the latest report by Reports and Data. Increasing demand for animal-based products is a key driver supporting market revenue growth. 

Feed additives are products that are used in livestock nutrition to enhance feed quality and improve total development and growth of animals. These products help in increasing feed intake and also provide necessary nutrients otherwise lacking in the diet. Rapid increase in cattle farming along with growing awareness about advantages of including additives in animal feed are some significant factors enhancing growth of the feed additives market. Additionally, many key market players are investing in R&D activities to develop more effective feed additives and are focusing on expanding their product lines. 

However, ban of usage of antibiotics in animal feed and increase in cost of production due to uncertain raw material costs are some significant factors projected to hamper growth of the global feed additives market between 2021 and 2028. 

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Some key highlights from the report:

  • Based on type, the amino acid segment revenue is expected to account for a high CAGR during the forecast period owing to extensive use of amino acids in cattle and pig feed.  

 

  • In context to form, the liquid segment is projected to account for largest revenue share over the forecast period. High revenue is attributed to factors such as easy handling, cost-effectiveness, and quick mixing with feed. 

 

  • Based on livestock, the poultry segment revenue accounted for substantial market share in 2020 and is projected to continue dominating other livestock segments between 2021 and 2028. Factors such as high demand for poultry products such as eggs, milk, chicken along with increasing population and recent trend for high protein diet are contributing to elevated growth of the segment. 

 

  • North American market revenue is expected to expand at a rapid CAGR throughout the forecast period owing to factors such as high consumption of animal-based products, strict regulations and standards for meat quality combined with availability of raw materials like corn and maize in abundance. 

 

  • Europe is expected to account for considerable revenue share during the forecast period owing to factors such as increasing demand for livestock products and ban on usage of antibiotics in animal feed. 

 

  • The major vendors in the global market include Cargill (US), DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (The Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark), InVivo (France), Nutreco (The Netherlands), Kemin (US), Adisseo (France), and Alltech (US). 

 

  • Adisseo announced acquisition of FRAmelco Group in September 2020. Adisseo is expected to become a leading specialty feed additives company as a result of this acquisition. 

For this study, Reports and Data has segmented the global feed additives market based on type, livestock, form source, and region:

Based On Type: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)

  • Amino Acids
  • Phosphates
  • Vitamins
  • Acidifiers
  • Carotenoids
  • Enzymes
  • Mycotoxin detoxifiers
  • Flavors & Sweeteners
  • Antibiotics
  • Minerals
  • Antioxidants
  • Non-protein Nitrogen
  • Phytogenics
  • Preservatives
  • Probiotics

 

Based On Livestock: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)

  • Ruminants
    • Dairy
    • Beef
    • Calf
    • Others 
      • Sheep 
      • Goat
    • Poultry
      • Broilers
      • Layers
      • Breeders
    • Swine
      • Starter
      • Sow
      • Grower
    • Aquatic Animals
    • Others
      • Equine
      • Pets

 

Based On Form (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)

  • Dry
  • Liquid

 

Based On Source: (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)

  • Synthetic
  • Natural

 

Based On Region (Volume, Kilo Tons; Revenue, USD Billion, 2018 – 2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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