The global animal feed additives market is anticipated to grow at a steady pace, exhibiting a CAGR of 2.70% across the assessment period from 2021 to 2031. The global market reached a valuation of US$ 16.36 Billion in 2021 and is expected to generate a phenomenal valuation by the end of the forecast period. According to the historical analysis conducted by Future Market Insights, the global animal feed additives market experienced stagnant growth at a 2.10% CAGR between 2016 and 2020. Furthermore, excessive usage of antibiotics in animal feed was a key factor restraining market growth.
With a surging focus on the inclusion of probiotics and proteins within animal feed additives, product innovations in the market are on a significant rise. Efforts to control feedstock contamination are anticipated to result in better product offerings, leading to market expansion at 1.70% by volume. In order to cater to the ever-increasing demand for animal products including eggs, meat, and milk, the incorporation of antibiotics in animal feed gained traction, resulting in negative health impacts on human beings. In response to these concerns, the European Union has restricted the use of growth promoters in livestock.
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Manufacturers operating within the animal feed additives market are intent on finding healthier ways in order to fulfill the nutritional gaps in animals to improve yield. Besides this, the onset of several diseases in livestock has underpinned the need for healthier animal feed options. With the unprecedented outbreak of the flu season, the sales of meat, poultry, and fish witnessed a sharp decline in 2020. Disruptions in the supply chain and the global lockdown further stagnated the animal feed additives market growth.
Report Highlights
Augmenting livestock production across several countries has brought major public health issues into the light, such as the utilization of sub-therapeutic antibiotics as growth promoters and the onset of foodborne diseases including salmonellosis and E.coli infections.
Since the European Union has banned the usage of antibiotics in animal feed, probiotics or direct-fed microbials have immensely gained traction in the animal feed market. The usage of probiotics in animal feed effectively maintains gut health in animals, thereby improving overall productivity and well-being.
The probiotics also prevent and control enteric pathogens in animals, promoting the microbial ecology of the gastrointestinal tract. With studies claiming beneficial results in terms of digestion and immune system of cattle, ruminants, and poultry, probiotics will experience rapid adoption in animal feed additives in the coming years.
The emergence of probiotics during the weaning and lactation period in ruminants is likely to promote better gut health and reduce the risk of acidosis. Yeast-based probiotics are actively being used among swine, poultry, and ruminants as they target the animals’ colon, caecum, and other hideouts for diverse microbial populations.
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Recent Developments
The surging incidence of foodborne diseases such as salmonella, listeria, and norovirus has compelled government bodies to impose stringent labeling laws for food products and animal feed. These regulatory processes ensure proper labeling of feed ingredients including common definitions and full ingredient lists.
Adequate labeling of animal feed additives ensures the safety of ingredients for animal consumption, specifically in livestock and poultry. These ingredients commonly include grains, legumes, minerals, and additional vitamins.
Feed labeling further allows buyers to select products deemed fit to meet their production requirements. Uniform labeling formats provide a level of the field play for both purchaser and the distributor, which in turn improves sales prospects of animal feed additives.
A surging shift towards antibiotic-free meat is predicted to further promote the usage of probiotics in animal feed, encouraging producers and farmers to discover safer and more reliable animal food additives in the coming years.
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Competitive Landscape
The global animal feed additives market is anticipated to be highly consolidated with the presence of dominant global and regional players in the market. Amid soaring competition, the top 5 players comprising BASF SE, EVONIK INDUSTRIES AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V. are anticipated to account for approximately 30-40% of the total market share. As a part of their growth strategies, dominant players in the market are emphasizing strategic partnerships mergers, and acquisitions to establish a firm foothold in the market.
More Insights into the Animal Feed Additives Market
The North American region is anticipated to dominate the global animal feed additives market over the evaluation period. The U.S. is expected to expand at a steady pace between 2021 and 2031.
By Additive Type:
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Feed Enzymes
- Feed Additives
- Minerals
By Application Type:
- Ruminants
- Poultry
- Swine
- Aquatic
By Source Type:
- Plant
- Animal
- Micro-organisms
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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