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The global animal feed additive market is projected to increase from US$ 55,842.2 million in 2024 to US$ 109,184.5 million in 2034. The market is anticipated to surge at a CAGR of 6.9% by 2034.
Attributes | Key Insights |
---|---|
Estimated Global Animal Feed Additive Market Size (2024E) | US$ 55,842.2 million |
Projected Animal Feed Additive Market Value (2034F) | US$ 109,184.5 million |
Value-based CAGR (2024 to 2034) | 6.9% |
The demand for meat, milk, and egg products derived from animals is rising along with the world's population, driving the need for effective and optimal animal nutrition. The growing attention to animal health and well-being has led to the introduction of feed additives that support both development and general well-being.
Growth in feedstock production and industrial farming techniques contribute to the rising animal feed additive demand in the market. As producing meat is less expensive in developing nations like China, India, and Brazil, the growing global meat trade is expected to accelerate the demand for animal feed additives.
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The animal feed additive market grew at a CAGR of 5.8% from 2019 to 2023. By 2034, the market for animal feed additives is expected to rise at a CAGR of 6.9%.
Consumer awareness and the realization that healthier animals are more productive and produce higher-quality final goods are the driving forces behind the animal feed additive market. There has been a shift toward natural and organic feed additives, consistent with broader consumer preferences.
Concerns about artificial additives, chemical residues, and environmental sustainability are driving this trend. In response, producers created additives made of natural materials.
Technological advancements have aided the creation of more effective feed additive delivery methods. For instance, the stability and efficacy of some additives have been improved by using nanotechnology and microencapsulation.
Nutraceuticals and functional additives have gained popularity due to the need for feed additives that offer particular health advantages to animals. Probiotics, prebiotics, enzymes, and essential oils are among the ingredients that have gained appeal due to their ability to improve immune system function, digestion, and general animal health.
The global animal feed additive market is likely to be impacted by the peer or tangential markets in the food and beverage division. These include other types of markets, such as the food color and feed flavor markets.
Demand for food color is projected to expand at a 7.3% CAGR during the forecast period. To satisfy the demands of several food and beverage applications, manufacturers are creating colors that go well with the change in pH, light, and temperature.
On the contrary, the feed flavor industry is poised to thrive at a CAGR of 5.1% through 2034. Functional additives and flavors that support health are gaining momentum in the industry. Flavors that have immune-stimulating or antioxidant qualities are becoming highly popular.
Animal Feed Additive Market:
Attributes | Animal Feed Additive Market |
---|---|
CAGR (2024 to 2034) | 6.9% |
Growth Factor | The market for additives for animal feed is growing as a result of the chain of food's globalization. In an effort to supply the growing demand for animal products, manufacturers are looking into prospects in emerging countries. |
Animal Feed Additive Market Key Trend | The aquaculture sector is growing as a result of the rising demand for fish. The demand for specialty feed additives that are catered to the dietary needs of aquatic animals is rising. |
Food Color Market:
Attributes | Food Color Market |
---|---|
CAGR (2024 to 2034) | 7.3% |
Growth Factor | Food colors that complement plant-based and vegan diets are in high demand as these dietary trends gain popularity. Colors originating from plants, such as spirulina, turmeric, and beetroot, are increasingly being used in food and drink recipes. |
Key Trends | Clean label products are preferred by consumers who are looking for high transparency in food ingredients. In response, producers are offering options for natural and lightly processed hues, whereas some are even removing artificial colors from their blends. |
Feed Flavor Market:
Attributes | Feed Flavor Market |
---|---|
CAGR (2024 to 2034) | 5.1% |
Growth Factor | Flavors are in demand in addition to individualized and customizable items. Companies are looking at ways to satisfy specialized markets and particular tastes by providing individualized flavor solutions. |
Key Trends | New and distinctive flavor profiles are emerging as a result of innovations in sensory experiences. To produce unique and pleasurable dining experiences, food & beverage manufacturers are experimenting with unorthodox flavor combinations and textures. |
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The table below shows the estimated growth rates of the top six countries. The United States, the United Kingdom, and India are set to record high CAGRs of 5.2%, 5.6%, and 4.9%, respectively, through 2034.
Countries | CAGR |
---|---|
United States | 5.2% |
United Kingdom | 5.6% |
Germany | 2.8% |
India | 4.9% |
Japan | 3.9% |
China | 2.5% |
The demand for animal feed additives is increasing in China, with a projected CAGR of 2.5% through 2034. Emerging patterns in China’s market are as follows:
India’s animal feed additive market is assessed to register a CAGR of 4.9% through 2034. The deployment of animal feed additives is increasing on account of the following:
The United States is expected to surge at a CAGR of 5.2% by 2034. The factors responsible for this growth are as follows:
The section below shows the organic acid segment dominating based on preservative type. It is anticipated to hold a market share of 50.8% in 2024. Based on additive type, sweetener is anticipated to exhibit a CAGR of 6.5% during the forecast period.
Preservative Type | Value Share (2023) |
---|---|
Organic Acid | 50.8% |
Inorganic Acid | 49.2% |
Additive type | CAGR |
---|---|
Sweetener | 6.5% |
Several manufacturers & distributors and their geographic locations all have a significant impact on the level of competition in the global market. Participants and stakeholders are focusing on expanding their manufacturing capabilities in the market. Leading players are working on research and development to provide consumers with effective items, which is expected to boost market expansion.
For instance,
The market is expected to reach US$ 55,842.2 million in 2024.
Demand for animal feed additives is slated to expand at a 6.9% CAGR by 2034.
The market is set to reach US$ 109,184.5 million in 2034.
Cargill Inc. and Archer Daniels Midland Company are the key players.
East Asia is estimated to hold a leading market share in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating margins at each node of the supply chain 4.2. List of Active Market Participants 5. Global Market- Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2034 6. Global Market Size (in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Additive Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Additive Type, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Additive Type, 2024 to 2034 7.3.1. Technological Additives (Preservatives, Emulsifiers, and Others) 7.3.2. Sensory Additives (Sweeteners, Lutein, and Others) 7.3.3. Nutritional Additives 7.4. Market Attractiveness Analysis By Additive Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Form, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Form, 2024 to 2034 8.3.1. Powder 8.3.2. Granules 8.3.3. Liquid 8.4. Market Attractiveness Analysis By Form 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Livestock 9.1. Introduction / Key Findings 9.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Livestock, 2019 to 2023 9.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Livestock, 2024 to 2034 9.3.1. Ruminant 9.3.2. Poultry 9.3.3. Swine 9.3.4. Aquaculture 9.3.5. Pets 9.4. Market Attractiveness Analysis By Livestock 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 10.3. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Additive Type 11.3.3. By Form 11.3.4. By Livestock 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Additive Type 11.4.3. By Form 11.4.4. By Livestock 11.5. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Additive Type 12.3.3. By Form 12.3.4. By Livestock 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. Form 12.4.3. By Form 12.4.4. By Livestock 12.5. Key Takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. By Additive Type 13.3.3. By Form 13.3.4. By Livestock 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Additive Type 13.4.3. By Form 13.4.4. By Livestock 13.5. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Additive Type 14.3.3. By Form 14.3.4. By Livestock 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Additive Type 14.4.3. By Form 14.4.4. By Livestock 14.5. Key Takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Singapore 15.3.1.6. Vietnam 15.3.1.7. Philippines 15.3.1.8. Rest of South Asia 15.3.2. By Additive Type 15.3.3. By Form 15.3.4. By Livestock 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Additive Type 15.4.3. By Form 15.4.4. By Livestock 15.5. Key Takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Additive Type 16.3.3. By Form 16.3.4. By Livestock 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Additive Type 16.4.3. By Form 16.4.4. By Livestock 16.5. Key Takeaways 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkiye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East and Africa 17.3.2. By Additive Type 17.3.3. By Form 17.3.4. By Livestock 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Additive Type 17.4.3. By Form 17.4.4. By Livestock 17.5. Key Takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Additive Type 18.1.2. By Form 18.1.3. By Livestock 18.2. Canada Market Analysis 18.2.1. By Additive Type 18.2.2. By Form 18.2.3. By Livestock 18.3. Brazil Market Analysis 18.3.1. By Additive Type 18.3.2. By Form 18.3.3. By Livestock 18.4. Mexico Market Analysis 18.4.1. By Additive Type 18.4.2. By Form 18.4.3. By Livestock 18.5. Argentina Market Analysis 18.5.1. By Additive Type 18.5.2. By Form 18.5.3. By Livestock 18.6. Germany Market Analysis 18.6.1. By Additive Type 18.6.2. By Form 18.6.3. By Livestock 18.7. United Kingdom Market Analysis 18.7.1. By Additive Type 18.7.2. By Form 18.7.3. By Livestock 18.8. France Market Analysis 18.8.1. By Additive Type 18.8.2. By Form 18.8.3. By Livestock 18.9. Italy Market Analysis 18.9.1. By Additive Type 18.9.2. By Form 18.9.3. By Livestock 18.10. Spain Market Analysis 18.10.1. By Additive Type 18.10.2. By Form 18.10.3. By Livestock 18.11. Belgium Market Analysis 18.11.1. By Additive Type 18.11.2. By Form 18.11.3. By Livestock 18.12. Netherlands Market Analysis 18.12.1. By Additive Type 18.12.2. By Form 18.12.3. By Livestock 18.13. Nordic Market Analysis 18.13.1. By Additive Type 18.13.2. By Form 18.13.3. By Livestock 18.14. Russia Market Analysis 18.14.1. By Additive Type 18.14.2. By Form 18.14.3. By Livestock 18.15. Poland Market Analysis 18.15.1. By Additive Type 18.15.2. By Form 18.15.3. By Livestock 18.16. China Market Analysis 18.16.1. By Additive Type 18.16.2. By Form 18.16.3. By Livestock 18.17. Japan Market Analysis 18.17.1. By Additive Type 18.17.2. By Form 18.17.3. By Livestock 18.18. South Korea Market Analysis 18.18.1. By Additive Type 18.18.2. By Form 18.18.3. By Livestock 18.19. India Market Analysis 18.19.1. By Additive Type 18.19.2. By Form 18.19.3. By Livestock 18.20. Thailand Market Analysis 18.20.1. By Additive Type 18.20.2. By Form 18.20.3. By Livestock 18.21. Malaysia Market Analysis 18.21.1. By Additive Type 18.21.2. By Form 18.21.3. By Livestock 18.22. Vietnam Market Analysis 18.22.1. By Additive Type 18.22.2. By Form 18.22.3. By Livestock 18.23. Philippines Market Analysis 18.23.1. By Additive Type 18.23.2. By Form 18.23.3. By Livestock 18.24. Indonesia Market Analysis 18.24.1. By Additive Type 18.24.2. By Form 18.24.3. By Livestock 18.25. Singapore Market Analysis 18.25.1. By Additive Type 18.25.2. By Form 18.25.3. By Livestock 18.26. Australia Market Analysis 18.26.1. By Additive Type 18.26.2. By Form 18.26.3. By Livestock 18.27. New Zealand Market Analysis 18.27.1. By Additive Type 18.27.2. By Form 18.27.3. By Livestock 18.28. GCC Countries Market Analysis 18.28.1. By Additive Type 18.28.2. By Form 18.28.3. By Livestock 18.29. Turkiye Market Analysis 18.29.1. By Additive Type 18.29.2. By Form 18.29.3. By Livestock 18.30. Egypt Market Analysis 18.30.1. By Form 18.30.2. By Livestock 18.31. South Africa Market Analysis 18.31.1. By Additive Type 18.31.2. By Form 18.31.3. By Livestock 19. Market Structure Analysis 19.1. Global Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 Market players 19.2.2. % tier 2 Market players 19.2.3. % tier 3 Market players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2024 19.3.2. Company Market Share Analysis of Top 5 Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Cargill Inc. 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments (Product/ channel/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Product Strategy 20.3.1.5.3. Channel Strategy 20.3.1.6. SWOT Analysis 20.3.2. Cargill Inc. 20.3.3. Archer Daniels Midland Company 20.3.4. DSM 20.3.5. Nutreco (Owned by SHV) 20.3.6. Alltech Inc 20.3.7. Adisseo 20.3.8. BASF SE 20.3.9. Novus International Inc 20.3.10. Kemin Industries Inc. 20.3.11. Evonik Industries AG 20.3.12. International Flavors & Fragrances Inc 20.3.13. Ajinomoto Animal Nutrition North America 20.3.14. Phibro Animal Health Corporation 20.3.15. Danish Agro 20.3.16. Chr.Harsen Holding A/S 20.3.17. Pestell Nutrition (Barentz) 20.3.18. Solvay Group 20.3.19. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. 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