Market Scenario

Feed Additives Market is expected to garner a revenue of USD 39,432.9 million by 2023, with a CAGR of 5.96% during the forecast period from 2017 to 2023. Augmenting preference towards healthy diet is considered to favor that market growth. Feed additives are considered as food supplements which are provided by the farmers to their animals in order to gain better yield and growth. 

Global Feed Additives Industry have gained prominence across the globe as they help to improve the quality and the quantity produced by the animals. With changing lifestyle, increasing preferences of the consumers towards natural products and healthy diet, and augmenting meat consumption are driving the feed additives market throughout the assessment period. The rapid increase in the global population and their rising health concerns coupled with the growing awareness regarding the benefits of feed additives are likely to foster the market growth globally. 

Competitive Dashboard

The prominent players operating the global feed additives market are Alltech Inc. (U.S.), Evonik Industries (Germany), Cargill Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), BASF SE (Germany), Danisco A/S (Denmark), and Adisseo France SAS (France).

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Feed Additives Market: Segmental Analysis

The global feed additives market has been segmented based on type, form, and livestock.

By mode of type, the global feed additives market has been segmented into vitamins, amino acids, enzymes, carotenoids, acidifiers, prebiotics, lipids, minerals, and others. Among these, the amino acids type is estimated to dominate the global market and is predicted to hold a major share.

By mode of form, the global feed additives market has been segmented into dry and liquid. Among these, the dry segment is predicted to dominate the market, occupying a share of 87.45% as most of the additives used are available in dry form. Moreover, the high shelf life of the dry segment highly contributes to the market growth.

By mode of livestock, the global feed additives market has been segmented into swine, poultry, ruminants, and others. Among these, the poultry segment is predicted to dominate the market owing to the increasing demand for poultry especially in regions such as Latin America and the Middle East.

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Regional Insights

Geographically, the feed additives market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the Asia Pacific region is predicted to dominate the global feed additives market, while grabbing a major market share of 35.80%. China is considered to be a major contributor in this region, closely followed by India owing to the rapid urbanization and strong economic outlook. With the presence of a large livestock population, the market in this region is predicted to foster. Also, the increasing number of feed mills are influencing the market growth to a large extent. 

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Market Highlights

Medicated feed additives in animal feed help improve quality and nutrition for the better performance and health of the animal. Medicated feed additives improve health, efficiency, and production levels of animals.

Based on type, the global Medicated Feed Additives Industry  has been segmented into antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others. The enzymes segment accounted for the largest market share in 2017 and is expected to grow at a high rate during the forecast period as enzymes are used for the development of bones and immune systems in animals. Enzymes improve the digestibility of nutrients in the feed, which, in turn, increases the production of various animal products such as milk, meat, and eggs.

The global market for medicated feed additives has also been classified, by category, as supplement, concentrate, premix feed, base mix, and others. The supplements segment is expected to dominate the market during the review period. Supplements are concentrated sources of nutrients and, hence, have a higher nutritive value than fibrous fodder, making them ideal for medicated food additives.

Regional Analysis

Based on region, the global medicated feed additives market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the global medicated feed additives market owing to increasing awareness about the health of livestock, especially in China and India.

Asia-Pacific dominates the market for medicated feed additives as these products are necessary to regulate metabolism and maintain good health in animals. China and India are projected to contribute to the growth of the regional medicated feed additives market. China is projected to be the largest country-level market for meat products, with the use of medicated feed additives increasing to maintain health and reduce the outbreak of diseases.

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The global medicated feed additives market has been segmented based on type, livestock type, category, and region.

By type, the global medicated feed additives market has been classified as antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others.

Based on livestock type, the global medicated feed additives market has been divided into ruminant, poultry, swine, aquaculture, and others.

The global medicated feed additives market has also been segregated, on the basis of category, into supplement, concentrate, premix feed, base mix, and others.

Key Players

Some of the key players in the global medicated feed additives market are Archer Daniels Midland Company (US), Cargill, Incorporated (US ), CHS Inc. (US ), Zoetis (US), Purina Animal Nutrition LLC (US), Adisseo (France), Alltech (US), Zagro (Singapore), Hipro Ltd STI (Turkey), and Biostadt India Limited (India).

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.