According to MarketsandMarkets™, The global feed additives market is projected to grow from USD 45.54 billion in 2024 to USD 59.88 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period. The market growth is primarily fueled by increasing livestock production and rising emphasis on animal health, nutrition, and performance optimization.
Feed additives play a crucial role in enhancing feed quality, improving livestock growth efficiency, preventing diseases, and boosting feed utilization. These additives contribute significantly to improving animal health and productivity, ultimately enhancing the yield and quality of animal-derived food products. The increasing consumption of animal-based products, expansion of feed production, standardization of meat products due to disease outbreaks, and adoption of advanced animal husbandry practices are further accelerating the demand for feed additives globally.
Key Takeaways:
- The Asia Pacific feed additives market dominated, with a share of 36.1% in 2023.
- By type, the preservative segment is expected to register the highest CAGR of 9.9%.
- By livestock, the poultry segment is projected to grow at the fastest rate from 2024 to 2029.
- By form, the dry segment is expected to dominate the market.
- By source, the natural segment will grow the fastest during the forecast period.
- Cargill, Incorporated (US), ADM (US), and International Flavors & Fragrances Inc. (US) were identified as some of the star players in the feed additives market (global), given their strong market share and product footprint.
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Amino Acids Segment to Lead the Market by Type
Based on type, the amino acids segment is expected to dominate the feed additives market in 2024. Amino acids are vital for livestock growth, production efficiency, and overall health. They provide essential energy required for bone and muscle development while supporting muscle movement, digestion, and blood circulation, making them a critical component in animal nutrition.
Poultry Segment to Dominate the Market by Livestock
Among livestock categories, the poultry segment is projected to lead the market in 2024. The widespread consumption of poultry meat and eggs globally is a key factor driving demand. Additionally, increasing consumer preference for colored egg yolks has boosted the use of feed additives in poultry production. Feed additives also help prevent disease outbreaks in poultry, further strengthening market demand.
Synthetic Segment Holds Largest Share by Source
By source, the synthetic feed additives segment dominated the market in 2024. The segment’s growth is attributed to the lower production costs associated with synthetic additives compared to natural alternatives. Additionally, limited availability of raw materials required for natural additive extraction has further supported the widespread adoption of synthetic feed additives.
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Asia Pacific Emerges as the Fastest-Growing Regional Market
The Asia Pacific region is expected to register the fastest growth and account for the largest market share in 2024. This growth is driven by the region’s large and expanding livestock population and increasing consumption of high-quality livestock-based products. Growing awareness among livestock producers regarding the importance of quality feed, combined with rising protein demand and rapid population growth, is significantly contributing to market expansion. The presence of strong specialty meat markets, particularly in China and other Asian countries, is also expected to support regional growth.
The report profiles key players such as Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), dsm-firmenich (Switzerland), Ajinomoto Co., Inc. (Japan), Novonesis Group (Denmark), Adisseo (France), Jubilant Ingrevia Limited (India), Nutreco (Netherlands), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), BRF Global (Brazil), Alltech (US).
Related Reports:
North America Feed Additives Market
Asia Pacific Feed Additives Market
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