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Specialty Feed Additives Market By Function (Mycotoxin Management, & Gut Health & Digestive Performance), Type (Minerals, Binders, & Acidifiers), Form (Dry, Liquid), & Region for 2024-2031


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Specialty Feed Additives Market By Function (Mycotoxin Management, & Gut Health & Digestive Performance), Type (Minerals, Binders, & Acidifiers), Form (Dry, Liquid), & Region for 2024-2031

Specialty Feed Additives Market Valuation – 2024-2031

The global need for specialty feed additives is increasing as people’s appetites for meat and other animal products develop. As earnings rise, particularly in developing countries, customers demand higher-quality animal protein. The market size surpass USD 42.42 Billion valued in 2024 to reach a valuation of around USD 65.1 Billion by 2031.

Specialty feed additives play an important role in addressing this need by improving the nutritional value of animal feed. These chemicals can improve intestinal health, increase immunity, and support overall animal growth and well-being. This translates into higher-quality meat products for consumers while also assuring resource efficiency and reducing the environmental effect of livestock agriculture. The rising demand for cost-effective and efficient specialty feed additives is enabling the market to grow at a CAGR of 5.5% from 2024 to 2031.

Specialty Feed Additives MarketDefinition/ Overview

Specialty feed additives are particular compounds added to animal diets to improve performance, health, and overall production. These additions are often used to improve digestion, stimulate immunological response, increase nutrient absorption, or promote growth. Their applicability extends to the cattle and aquaculture industries, where preserving animal health and optimizing growth are essential for economic viability. Specialty feed additives are precisely developed to meet the nutritional needs and problems that different animal species confront at various stages of growth.

In livestock production, specialist feed additives are critical for increasing feed efficiency and ensuring animal health. Probiotics and prebiotics are frequently used to assist gut health and digestion, while enzymes are added to increase nutrient utilization from feed ingredients. Antioxidants are also used to reduce oxidative stress and strengthen the immune system, lowering the risk of disease. These additives are carefully customized to each species’ specific nutritional requirements and undergo thorough testing to assure efficacy and safety.

This comprises amino acids, vitamins, minerals, organic acids, essential oils, and plant extracts, among other things. Manufacturers are always innovating to provide novel additives with higher efficacy, bioavailability, and environmental sustainability. As global demand for high-quality animal products grows, the use of specialized feed additives is likely to increase, driven by the desire to improve feed efficiency, lower production costs, and meet demanding regulatory standards for food safety and sustainability.

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Will Increasing Demand for High-Quality Animal Products Drive the Specialty Feed Additives Market?

In the specialized feed additives market, people are becoming more demanding about the food they eat, looking for items that are not only nutritious but also meet greater quality, safety, and sustainability criteria. Specialty feed additives help address these demands by improving the nutritional value, flavor, and safety of animal products like meat, milk, and eggs.

Furthermore, as the world’s population grows, so does the need for protein-rich foods, particularly in emerging economies where dietary tastes shift toward animal-based protein sources. This spike in demand creates a big potential for the specialty feed additives market to assist livestock farmers in fulfilling the population’s expanding protein requirements. Specialty feed additives help producers fulfill the growing demand for high-quality animal products in a sustainable and cost-effective way by improving feed efficiency, boosting animal health, and increasing production.

Furthermore, the food industry’s trend toward premiumization, in which consumers are willing to pay a premium for products seen to be of higher quality, encourages the use of specialty feed additives. Producers are increasingly investing in feed additives that can distinguish their goods in the market, whether through claims of increased nutritional content, better flavor, or higher animal welfare standards. As a result, the specialty feed additives market is expected to expand further as producers work to meet customer demand for high-quality, sustainable, and ethically produced animal products.

Will Volatility in Raw Material Prices Hamper the Growth of the Specialty Feed Additives Market?

The prices of raw resources such as agricultural commodities, minerals, and microbiological cultures fluctuate as the specialized feed additives industry grows due to a variety of causes, including climatic conditions, geopolitical events, and market speculation. These variations can have a substantial impact on feed additive production costs, potentially increasing consumer prices or reducing manufacturers’ profit margins. As a result, enterprises in the specialty feed additives sector may struggle to maintain price competitiveness and profitability, slowing market growth.

Also, uncertainty over raw material prices can disrupt supply chains and production planning in the specialty feed additives market. Sudden increases or decreases in raw material prices can cause supply-demand mismatches, resulting in production delays or essential ingredient shortages. This might jeopardize the dependability and regularity of product availability, reducing consumer satisfaction and impeding market expansion attempts. To offset these risks, producers may need to use tactics like as advance contracting, inventory management, and supplier diversity to protect against raw material price fluctuation.

Furthermore, the influence of raw material price volatility goes beyond production costs, influencing investment decisions, innovation activities, and strategic planning in the specialized feed additives market. Uncertain market conditions may discourage companies from making long-term investments in R&D or expanding their product portfolios.Similarly, changes in raw material pricing might influence product development priorities, with corporations focusing on formulations that contain more stable or cost-effective constituents. Overall, while raw material price volatility poses problems for the specialized feed additives market, proactive risk management measures and adaptive business practices can assist offset its effects and support long-term growth.

Category-Wise Acumens

Will a Healthy Digestive System in Animals Accelerate the Gut Health & Digestive Performance Segment?

In the specialty feed additives market, gut health & digestive performance is a well-established category that aims to promote a healthy digestive tract in animals. This leads to higher nutrient absorption, increased feed efficiency, and faster animal growth. With the increasing demand for antibiotic-free meat production, gut health supplements are gaining popularity as a natural way to promote animal health.

The health of an animal’s digestive system is critical to its general well-being and production. As people become more aware of the link between gut health and animal performance, there is a greater need for specialty feed additives that can improve digestive efficiency and foster a healthy gut flora. These additives include probiotics, prebiotics, enzymes, and organic acids, which aid in nutrient absorption, immunological function, and the prevention of gastrointestinal illnesses. As a result, farmers and livestock producers are increasing their investment in these products to improve animal health and achieve higher growth rates, feed conversion ratios, and product quality.

Furthermore, the transition to more sustainable and natural animal production methods is accelerating the market for gut health and digestive performance enhancers. As antibiotic use in animal feed is scrutinized due to growing concerns about antibiotic resistance, there is a renewed interest in alternate treatments that promote animal health without relying on antibiotics. Specialty feed additives provide a potential answer by improving gut health and disease resistance.

This development is especially significant in places with strict antibiotic usage rules, driving demand for new feed additives that protect animal health while adhering to regulatory standards and consumer demands for antibiotic-free animal products. Thus, the emphasis on keeping a healthy digestive system in animals is a key driver driving the expansion of this category in the specialized feed additives market.

Will Vitamins & Minerals Segment Emerged the Specialty Feed Additives Market?

In the specialty feed additives market, these nutrients play an important role in animal health and productivity. Vitamins and minerals are necessary for a variety of physiological processes, including development, reproduction, and immunological response. As livestock farmers seek to improve their animals’ overall health and performance, demand for these additives has grown. The inclusion of vitamins and minerals in animal feed ensures that animals receive adequate nutrition, which is frequently not provided by ordinary feed ingredients alone. This supplementation helps to prevent deficiencies, optimize metabolic processes, and improve disease resistance, all of which contribute to the overall efficiency and profitability of animal production.

Furthermore, the growing emphasis on precision nutrition and personalized feeding strategies has increased the importance of the vitamins and minerals segment in the specialized feed additives industry. Advances in animal nutrition studies have highlighted the significance of certain vitamins and minerals in ensuring optimal health outcomes. This has resulted in the creation of customized feed additive solutions that address the specific nutritional needs of various animal species and production stages.

Acidifiers are rapidly gaining popularity in the specialty feed additives sector. They help to balance gut pH, aid digestion, and inhibit the growth of dangerous bacteria. This leads to better nutrient absorption, improved animal health, and increased feed efficiency. The increased focus on animal illness control, combined with expanding demand for meat products, is propelling the acidifiers industry forward.

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Country/Region-wise Acumens

Will Increasing Animal Husbandry Practices Boost the North American Region for the Specialty Feed Additives Market?

North America now dominates the specialty feed additives market. The region has a well-established and advanced livestock industry, which is expanding due to increased demand for animal-derived products like meat, milk, and eggs. Producers are increasingly using sophisticated and intense animal husbandry procedures to increase production efficiency and meet market demand. These methods involve optimizing feed formulas, improving animal health, and increasing production, all of which necessitate the use of specialist feed additives. Enzymes, probiotics, prebiotics, and organic acids are required to promote effective digestion, nutrient absorption, and overall health, consequently aiding cattle sector growth.

The North American market is significantly driven by legislative and consumer trends that favor sustainable and antibiotic-free animal agriculture. With increased worries about antibiotic resistance and strong consumer demand for natural and organic products, there is a substantial trend toward employing specialty feed additives as antibiotic alternatives to promote animal health and growth. These additions help to preserve gut health, boost immunity, and prevent infections without the use of antibiotics, meeting both regulatory criteria and consumer preferences. As a result, the growing adoption of improved animal husbandry practices, combined with the demand for environmentally friendly production methods, is propelling the specialty feed additives market in North America.

Will Increasing Consumption of Meat Propel the Asia Pacific Region for the Specialty Feed Additives Market?

Asia-Pacific is expected to be the most rapidly increasing market for specialty feed additives. This development is mostly driven by the region’s increased consumption of meat and other animal products. Rising disposable incomes, rising urbanization, and a growing taste for quality meat are driving up demand for animal protein. As a result, more livestock producers are using specialist feed additives to improve animal health, productivity, and product quality.

The Asia Pacific region is a key driver of the specialty feed additives market. As the region’s economies grow, disposable income and urbanization rise, increasing demand for high-quality animal protein, especially meat. Meat consumption is rapidly increasing in China, India, and Vietnam as dietary habits change and a burgeoning middle class wants more protein-rich diets. This increase in meat consumption necessitates the extension and intensification of livestock production, resulting in a greater need for effective and economical feed solutions to ensure optimal animal growth and health.

Specialty feed additives play an important role in addressing this need by increasing feed efficiency, encouraging improved nutrient absorption, and boosting animal health and productivity. Additives like as amino acids, enzymes, probiotics, and prebiotics are increasingly being used to improve feed formulations and achieve faster growth rates and conversion ratios.Furthermore, the emphasis on sustainable and safe meat production processes, combined with tight antibiotic laws, drives the development of specialty feed additives. Producers in the Asia Pacific area is thus spending more on innovative feed solutions to meet expanding meat consumption demands while maintaining compliance with health and safety requirements, greatly fueling the growth of the region’s specialized feed additives market.

Competitive Landscape

The specialty feed additives market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the market include

  • Evonik Industries
  • Novozymes
  • Invivo NSA
  • Kemin Industries, Inc.
  • Lucta S.A.
  • BASF SE
  • Nutreco N.V.
  • Alltech, Inc.
  • Chr Hansen Holding A/S
  • Biomin Holding GmbH
  • Archer Daniels Midland Company
  • Cargill, Inc.

Latest Developments

  • In February 2019, Archer Daniels Midland Company acquired Neovia, a French animal nutrition company, expanding its offering with premixes, complete feed, components, pet care solutions, aquaculture, additives, and amino acids.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~5.5% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Function
  • Type
  • Form
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Evonik Industries, Novozymes, Invivo NSA, Kemin Industries, Inc., Lucta S.A., BASF SE, Nutreco N.V., Alltech, Inc., Chr Hansen Holding A/S, Biomin Holding GmbH, Archer Daniels Midland Company, and Cargill, Inc.

Customization

Report customization along with purchase available upon request

Specialty Feed Additives Market, By Category

Function

  • Mycotoxin Management
  • Gut Health & Digestive Performance
  • Palatability Enhancement
  • Preservation of Functional Ingredients

Type

  • Minerals
  • Binders
  • Acidifiers
  • Vitamins
  • Antioxidants
  • Flavors & Sweeteners

Form

  • Dry
  • Liquid

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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Pivotal Questions Answered in the Study

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )