Animal Feed Additives Market Size - By product (Antioxidant, Pigments, Enzymes, Flavors, Sweetener, Probiotics, Vitamins, Amino acid), Industry Analysis Report & Global Forecast, 2023-2032

Animal Feed Additives Market Size - By product (Antioxidant, Pigments, Enzymes, Flavors, Sweetener, Probiotics, Vitamins, Amino acid), Industry Analysis Report & Global Forecast, 2023-2032

Animal Feed Additives Market Size

Animal Feed Additives Market size exceeded USD 22 billion in 2022 and is anticipated to grow at 4.2% CAGR from 2023 to 2032. The animal feed additives play very important role in aquaculture and livestock sector. Feed additives are added to animal feed to increase the digestibility, nutritional value, palatability and health of the animal. These additives can be classified according to various products including Antioxidant, Pigments, Enzymes, Flavours, Sweeteners, Probiotics, Vitamins and amino acids.

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The demand for animal protein, such as meat, dairy, and eggs, is being driven by the expanding global population, urbanization, and disposable incomes. Due to the rising demand, feed additives are required to enhance animal health, growth, and productivity, which propels the market's expansion.

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Animal nutrition and health are receiving more attention in order to assure maximum output and lower the risk of illness. To improve animal adoption, feed additives are essential for resolving nutritional shortages, strengthening immunological function, improving feed efficiency, and encouraging overall animal welfare.

COVID-19 impact

The covid-19 pandemic has had a negative impact on the animal feed additives market. Global supply lines were interrupted by the epidemic, creating logistical difficulties in obtaining and shipping raw ingredients for feed additives. The creation and delivery of feed additives were impacted by transit restrictions, labour shortages, and lockdown procedures.

Animal Feed Additives Market Trends

Natural and organic feed additives are in greater demand as customers become more aware of the safety and quality of animal products. Consumers and producers share a common interest for animal welfare and health. Due to this, there is now more focus on feed additives that support gut health, boost immune system performance, and increase overall animal performance. To accomplish these goals, probiotics, prebiotics, enzymes, and organic acids are employed.

Regulatory constraints and customer demand for meat devoid of antibiotics have caused the use of antibiotic growth promoters in animal feed to decline. Since antibiotics are no longer necessary, there are now prospects for substitute additives including probiotics, prebiotics, essential oils, and organic acids that can boost animal health and performance.

New feed additives with enhanced efficacy and safety have been created as a consequence of ongoing research and technical breakthroughs. For instance, delicate ingredients are protected and their targeted release in the digestive system is ensured using encapsulation methods.

Animal Feed Additives Market Analysis

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The animal feed additives market size from product segment accounted for USD 21.5 billion in 2022. Animal health and welfare are issues that both consumers and producers are concerned about. Due to this, feed additives that promote gut health, enhance immune system function, and improve overall animal performance are increasingly receiving attention.

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In the future years, it is anticipated that the animal feed additives market in the U.S. would continue to rise significantly. Several elements support its growth

The demand for animal protein is being driven by increasing meat consumption. Animal feed additives are required as a result of the increase in demand for meat and dairy products in order to improve the nutritional value and general health of livestock and aquaculture species. Furthermore, as people become more aware of the function and dynamics of food nutrients, particularly protein, in general physical and mental growth and development, there is a growing preference for animal-sourced protein in the form of meat, eggs, or milk. This encourages the use of feed additives in feed since they improve nutritional quality.

Animal feed additives Market Share

Some of the major companies operating in animal feed additives market are

• Alltech Inc.
• Biomin Holdings GmbH
• Dr. Eckel GmbH
• Impextraco
• IPTSA (Industrial Técnica Pecuaria)
• Kemin Industries
• Lucta
• MIAVIT GmbH
• Novus International, Inc.
• Nutriad
• DSM
• BASF SE
• Dupont
• Cargill
• Archer Daniels Midland Company (ADM)
• Nutreco N.V.

These companies have a global presence, they invest in research and development, and provide wide range of feed additives.

The animal feed additives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments

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Market, By Product

• Antioxidant
• Pigments
• Enzymes
• Flavors
• Sweeteners
• Probiotics
• Vitamins

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Austria
  • Belgium
  • Croatia
  • Serbia
  • Bulgaria
  • Romania
  • Bosnia
  • Hungary
  • Macedonia
  • Albania
  • Belarus
  • Ukraine
  • Poland
  • Denmark
• Asia Pacific
  • China
  • India
  • Vietnam
  • Thailand
  • Pakistan
  • Uzbekistan
  • Indonesia
• Latin America
  • Brazil
  • Paraguay
  • Argentina
  • Uruguay
  • Peru
  • Chile
  • Venezuela
  • Colombia
  • Ecuador
• Middle East & Africa
  •  Africa
  • Saudi Arabia
  • Turkey
  • Iran