Animal Feed Preservatives Market Size - By Type of (Natural, Synthetic), By Animal Type, By Form (Liquid, Dry) By Function (Antioxidants, Antimicrobials, Mycotoxin Binders) & Global Forecast, 2024 – 2032

Animal Feed Preservatives Market Size - By Type of (Natural, Synthetic), By Animal Type, By Form (Liquid, Dry) By Function (Antioxidants, Antimicrobials, Mycotoxin Binders) & Global Forecast, 2024 – 2032

Animal Feed Preservatives Market Size

Animal Feed Preservatives Market size was valued at USD 5.06 Billion in 2023 and is anticipated to witness more than 6.1% CAGR from 2024 to 2032. The industry has witnessed significant progression attributed to the increasing demand for high-quality animal nutrition and the need to prevent spoilage of feed ingredients. Key drivers of business expansion include the rising awareness among livestock producers about the benefits of using feed preservatives to maintain feed quality, improve animal health, and enhance productivity.

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Factors such as growing concerns regarding food safety and the need to minimize economic losses due to feed wastage have also contributed to industry gains.

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COVID-19 Impact

The COVID-19 pandemic significantly affected the market, causing both short-term disruptions and long-lasting implications. Initially, the market experienced supply chain disruptions, logistical challenges, and labor shortages, impacting the production and distribution of feed preservatives. The lockdown measures, restrictions on transportation, and fluctuations in raw material prices led to operational hurdles for manufacturers.

Animal Feed Preservatives Market Trends

The growing preference for natural and organic preservatives derived from plant extracts, essential oils, and organic acids, reflecting consumer demand for healthier and more sustainable products in the livestock industry. This shift is driven by increased awareness of potential health and environmental concerns associated with synthetic preservatives, leading to a surge in research and development efforts focused on natural alternatives. Additionally, technological advancements and innovations in preservation methods, such as encapsulation and nanotechnology, are gaining traction, offering improved efficacy, stability, and targeted delivery of preservatives within animal feed formulations.

Animal Feed Preservatives Market Analysis

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Based on preservatives type, natural preservatives, including plant extracts, organic acids, and essential oils, have witnessed a notable share, around 59.4% in 2023 attributing to consumers' increasing preference for healthier and environmentally friendly options. This shift is fuelled by concerns over the potential health risks associated with synthetic alternatives. Consequently, aided by ongoing research and development efforts to enhance their efficacy and stability.

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Based on animal type, poultry holds a dominant share, of 24.7% in 2023 in the animal feed preservatives market due to the high demand for poultry products globally and the emphasis on optimizing feed efficiency and health in poultry production. Swine and cattle segments also command substantial market shares, driven by the increasing consumption of pork and beef, respectively, and the focus on improving feed quality to enhance animal growth and productivity.

Aquaculture is witnessing a steady rise in industry share attributed to the growing demand for seafood and the need for specialized feed formulations to support aquatic species' nutritional requirements. Pet food, amid the rising pet ownership and pet health awareness, has seen a significant surge in demand for high-quality and safe feed preservatives. Equine feed preservatives constitute a smaller yet notable segment due to the specific nutritional needs of horses. The 'Others' category encompasses various animal types such as sheep, goats, and exotic animals.

Based on form, liquid preservatives, offering ease of application and homogenous mixing within feed, have held a substantial market share, about 44.7% in 2023 owing to their convenience in large-scale feed production and effective dispersion. Their popularity is particularly notable in liquid feeds and for applications requiring uniform distribution. Conversely, dry preservatives, valued for their longer shelf life, easier handling, and suitability for pelleted or extruded feeds, have also garnered a considerable market share. This form is favored in situations where moisture control is crucial or in the production of specialized feeds. The balance between these two forms depends on various factors such as feed manufacturing processes, specific feed types, and the desired mode of application.

Based on function, antioxidants, accounting for a significant animal feed preservatives market share, about 34.7% in 2023 play a critical role in preventing oxidation and degradation of feed ingredients. Antimicrobials, also holding a substantial share, aid in inhibiting microbial gains, reducing the risk of contamination, and preserving feed quality. Additionally, mycotoxin binders, though constituting a smaller segment, are gaining traction due to the rising concerns about mycotoxin contamination in feed ingredients. These binders’ function by adsorbing mycotoxins, minimizing their harmful effects on animals.

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North America, with its well-established industries and a strong focus on innovation and technology, constitutes a significant share around 45.3% in 2023 of the animal feed preservatives market. The U.S. industry dominance is attributed to factors such as a robust demand for high-quality animal nutrition, technologically advanced feed production practices, and a strong focus on optimizing livestock health and productivity. The region's market trajectory is anticipated to be influenced by factors such as evolving consumer preferences for natural and sustainable preservatives, advancements in preservation technologies, and regulatory shifts addressing health, safety, and environmental concerns within the livestock and feed industries.

Animal Feed Preservatives Market Share

In November 2023, IFF’s and BASF’s Pharma Solutions divisions have joined forces in a collaboration to onboard IFF’s leading product brands in pharmaceutical excipients on BASF’s Virtual Pharma Assistant platform – Zoom Lab. The platform is a science-based digital tool designed to rapidly and accurately predict the best excipients needed for the development of new pharmaceutical formulations to help overcome formulation challenges.

In November 2023, BASF Services Europe GmbH is investing in an efficient and sustainable working environment for approximately 2,800 employees.

Animal Feed Preservatives Market Companies

Major players operating in the animal feed preservatives industry include

• BASF SE
• Novus International, Inc.
• Kemin Industries, Inc.
• Nutreco N.V.
• Cargill, Incorporated
• DuPont de Nemours, Inc.

Animal Feed Preservatives Industry News

• In September 2020, BASF and SINOPEC formed a 50-50 joint venture to increase the manufacturing capacity of Neopentylglycol (NPG) at the state-of-the-art Verbund plant in Nanjing, China. The facility, built in 2015, had a capacity of 40,000 metric tons per year. The extension, which was completed in August 2020, extended the yearly capacity to 80,000 metric tons.

The Animal Feed Preservatives Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2018 to 2032, for the following segments

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By Preservatives Type

• Natural Preservatives
• Synthetic Preservatives

By Animal Type

• Poultry
  • Broiler
  • Layer
  • Turkey 
• Swine
  • Starter
  • Grower
  • Sow
• Cattle
  • Dairy
  • Calf
•  Aquaculture
  • Salmon
  • Trout
  • Shrimp
  • Carp
• Pet food
  • Dog
  • Cat
• Equine
• Others

By Form

• Liquid
• Dry

By Function

• Antioxidants
• Antimicrobials
• Mycotoxin Binders

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE