Animal Additives Market to Worth $45.95 Billion by 2029 - Arizton

According to Arizton’s latest research report, the global animal feed additives market is growing at a CAGR of 3.02% during 2023-2029.

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Report Scope:  

Market Size (2029): $45.95 Billion  

Market Size (2023): $38.43 Billion    

CAGR (2023-2029): 3.02%  

Historic Year: 2020-2022  

Base Year: 2023  

Forecast Year: 2024-2029  

Market Segmentation: Product, Form, Species, and Geography

Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa  

Rising Demand for Animal Feed Additives in Livestock Farming: Addressing Environmental, Health, and Consumer Trends

Livestock farming significantly contributes to environmental issues, including greenhouse gas emissions and resource consumption. To mitigate these impacts, feed additives such as enzymes, probiotics, and methanogenesis inhibitors are increasingly being used to reduce methane emissions in cattle and enhance nutrient absorption, reducing waste.

Natural and plant-based additives, including phytogenics, probiotics, and essential oils, are gaining traction as alternatives to traditional synthetic options. These additives support animal health naturally while aligning with sustainability goals and the growing consumer preference for natural products.

The global rise in meat consumption, driven by population growth, higher incomes, and changing diets, especially in emerging markets like China, India, and Brazil, has fueled demand for feed additives that improve animal health and growth rates. This trend has made livestock farming more efficient and productive, with poultry and swine remaining dominant due to their rapid growth cycles and high feed-to-meat conversion efficiency. The aquaculture sector, especially for species like salmon, shrimp, and tilapia, is also expanding, driving the need for specialized feed additives.

Growing concerns over antibiotic resistance have led to stricter regulations and a shift towards non-antibiotic growth enhancers like probiotics, prebiotics, and organic acids. Additionally, increasing consumer awareness around food safety, quality, and animal welfare is influencing demand for antibiotic-free and organic meat and dairy products, especially in developed regions.

New Product Innovations

· In 2023, Evonik introduced an updated version of its Biolys product for animal feeds. The new formulation of Biolys helps livestock producers more efficiently meet their animals' requirements for the essential amino acid L-lysine.

· In 2023, Adisseo completed its acquisition of Nor-Feed, a French company specializing in plant-based specialty ingredients and extracts for animal nutrition. This acquisition aligns with Adisseo's strategic goal to strengthen its position as a global leader in specialty ingredients for animal nutrition.

APAC to Take Center Stage in the Animal Feed Additives Market

The Asia-Pacific (APAC) region, home to major livestock producers like China, India, Japan, South Korea, and Vietnam, is witnessing significant investment in animal feed additives to meet the growing demand for animal protein. As incomes rise, there is a shift toward diets rich in animal protein, driving the need for feed additives that enhance growth and feed efficiency. Products such as amino acids, enzymes, and vitamins are widely used across both livestock and aquaculture sectors to improve productivity. APAC, the world’s largest producer of farmed fish, also sees increasing demand for additives that boost immunity, digestibility, and disease prevention in aquaculture.

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Key Vendors

·        ADM

·        BASF

·        DSM

·        Cargill

·        Evonik Industries

·        Nutreco

·        Alltech

·        Ajinomoto

·        Lallemand

·        Centafarm

·        Novonesis

·        Kemin Industries

·        Elanco

·        ADDCON

·        Agropolychim

·        Novus International

·        International Flavors & Fragrances (IFF)

·        Phibro Animal Health Corporation

·        Danish Agro

·        Barentz

·        Solvay

·        Purina Animal Nutrition

·        Premex

·        CJ CheilJedang

·        Zinpro

·        Quality Liquid Feeds (QLF)

·        Adisseo

Segmentation & Forecast

Product

·        Amino Acids

·        Vitamins

·        Eubiotics

·        Antibiotics

·        Minerals

·        Enzymes

·        Others

Form

·        Liquid

·        Dry

Species

·        Poultry

·        Swine

·        Cattle

·        Aquatic Animals

·        Others

Geography

APAC

·        China

·        India

·        Australia

·        Japan

·        South Korea

Europe

·        Russia

·        Spain

·        Germany

·        France

·        The UK

North America

·        The US

·        Canada

Latin America

·        Brazil

·        Mexico

Middle East & Africa

·        Turkey

·        Saudi Arabia

·        South Africa

·        The UAE

The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the animal feed additives market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/animal-feed-additives-market-size-analysis-2024

What Key Findings Our Research Analysis Reveals?    

How big is the global animal feed additives market?

What are the factors driving the global animal feed additives market growth?

Which region will have the largest share in the global animal feed additives market?

What is the growth rate of the global animal feed additives market?

Who are the major players in the global animal feed additives market?

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