Animal Feed Additives Market Size Worth USD 71.88 billion By 2032 | CAGR: 5.5%

The global animal feed additives market size is expected to reach USD 71.88 billion by 2032, according to a new study by Polaris Market Research. The report “Animal Feed Additives Market Share, Size, Trends, Industry Analysis Report, By Livestock (Cattle, Poultry, Swine, Aquaculture, Others); By Type; By Form; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Animal feed additives are substances that are added to animal feeds to improve nutritional content, overall animal health, and performance. Animal farming practices have become more intensive as global demand for animal-derived products has increased due to population growth and rising incomes. Farmers are increasingly turning to feed additives to maximize production efficiency and maintain the health of their livestock to meet the increased demand for animal products.

A growing awareness of the importance of balanced diets for animals, as well as advancements in animal nutrition science, contribute to the expanding market for feed additives. The animal feed additives market is expected to grow significantly due to ongoing R&D efforts aimed at developing innovative and sustainable feed additives. The growing emphasis on organic and natural alternatives, combined with biotechnology advancements, presents opportunities for market players to address both the increasing demand for animal products and the need for environmentally friendly and sustainable farming practices.

However, due to regulatory constraints and concerns about the environmental impact of intensive animal farming practices, the use of certain additives has come under increased surveillance. In some regions, stricter regulations on the use of antibiotics and other chemical additives have an impact on market dynamics.

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The surge in demand for animal-based products has emerged as an important driver for the flourishing animal feed additives market. As the world population continues to expand, followed by rising incomes and changing dietary preferences, the demand for meat, milk, and other animal-derived products has witnessed significant growth. The product's quality heavily influences the market’s competition, the number of producers and distributors or wholesalers, and their geographical presence. Several participants and stakeholders are focusing on expanding their manufacturing capacities as well. Over the last five years, major market players such as DSM, BASF, and Evonik have been very active in M&A activities. In addition, key companies are conducting research and development to provide customers with efficient products.

Animal Feed Additives Market Report Highlights

• In 2023, the amino acids segment dominated the animal feed additives market, capturing the largest market share because amino acids are the building blocks of proteins, which are essential for animal growth, development, and overall health.
• The dry form of animal feed additives is expected to dominate the market because dry animal feed additives, such as powders, granules, and pellets, have gained popularity due to their ease of handling, storage, and transportation. The dry form makes it simple to incorporate into various types of animal feed, ensuring uniform distribution and precise dosing during the feed manufacturing process.
• The Asia Pacific region is expected to be the dominant region in the global animal feed additives market in 2023, owing to a robust agricultural sector and a significant presence of livestock farming operations.
• The global key market players include Adisseo, ADM, Ajinomoto, Alltech Inc., ANOVA Group, BASFBIOMIN Holding GmbH, Cargill Inc., Centafarm SRL, Chr. Hansen Holding, DSM, DuPont, Evonik Industries, Kemin Industries, Inc., Novozymes, Olmix Group, TEGASA, etc.

Polaris Market Research has segmented the Animal Feed Additives market report based on livestock, type, form, and region:

Animal Feed Additives, Livestock Outlook (Revenue - USD Billion, 2019 - 2032)

• Cattle
• Poultry
• Swine
• Aquaculture
• Others

Animal Feed Additives, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Vitamins
• Minerals
• Amino Acids
• Antibiotics
• Binders
• Enzymes
• Antioxidants
• Acidifiers
• Others

Animal Feed Additives, Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Dry
• Liquid

Animal Feed Additives, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

U.S.

Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Animal Feed Additives Market Report Scope