Product Code: AGI 2286
The global feed additives market is estimated to be valued at USD 45.38 billion in 2024 and is projected to reach USD 59.82 billion by 2029 at a CAGR of 5.7%.
Scope of the Report |
Years Considered for the Study | 2024-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) |
Segments | By Type, Livestock, Form, Source, Function, and Region |
Regions covered | North America, Europe, Asia Pacific, South America, and RoW |
The feed additives market is also benefiting from ongoing innovation and technological advancements. Companies are investing heavily in research and development to create new and improved products that cater to the evolving needs of the livestock industry. In December 2023, Adisseo (France) inaugurated its European R&I Centre, ELISE (European Lab for Innovation, Science & Expertise), located in Lyon, France. The center consolidates Research and Innovation teams focused on process chemistry, engineering, and nutrition research. With 100 researchers, the facility aims to foster collaboration with universities and regional technology partners. Additional research activities remain in Commentary, La Rochelle, and Toulouse, while Adisseo's global R&I workforce spans France, China, Singapore, and the USA.
The development of new feed additives aimed at reducing methane emissions is significantly contributing to the growth of the feed additives market. In January 2024, Clemson University, in partnership with the University of Florida and Auburn University, launched a project to develop safe, effective, and affordable feed additives to mitigate enteric methane emissions in grass-fed cattle. Methane is a potent greenhouse gas produced during ruminant digestion. Funded by a USD 5 million USDA grant, the project supports sustainability efforts and enhances demand for innovative feed solutions.
Innovations such as artificial intelligence and advanced enzyme formulations are enhancing feed performance and livestock management. These technologies are designed to address specific challenges in animal nutrition and health, providing more precise and effective solutions. In March 2023, MASCO (US) introduced AI audio sensors that revolutionized swine production by continuously monitoring respiratory events, thereby reducing mortality rates and improving herd health management. This system delivers real-time, objective alerts for timely intervention. Additionally, Danisco Animal Nutrition & Health, a business unit of IFF (US), has launched Axtra PRIME, an enzyme blend formulated to address key digestibility challenges in piglet production. This blend, which includes xylanase, beta-glucanase, alpha-amylase, and protease, enhances nutrient digestion and gut health, supporting faster growth and better performance during stressful periods such as weaning. These advancements reflect the industry's commitment to leveraging technology to optimize animal health and feed efficiency.
"Disruptions in Feed Additives Market"
Raw material supply challenges in the feed additives market are exacerbated by various global factors, including volatile costs and supply chain disruptions. According to Alltech's 2024 Agri-Food Outlook, overall feed production slightly declined by 0.2% in 2023, reflecting the tightening margins and reduced demand for animal feed. This decline is linked to increasing production costs, geopolitical tensions, and changing consumption patterns driven by inflation. Additionally, certain sectors like beef feed witnessed more pronounced decreases due to stricter sustainability policies in Europe and shifts in cattle cycles in the U.S. Meanwhile, feed efficiency improvements are helping offset raw material disruptions in some regions, but fluctuations in costs and availability remain critical challenges impacting production and pricing globally.
The Key representative of animal nutrition at ADM (US) outlines four critical factors influencing the feed additives market in 2023: geopolitical tensions, food security, energy challenges, and the rise of plant-based protein. Heightened tensions between nations, notably the US-China rivalry and the Ukraine-Russia conflict, have disrupted global supply chains, creating significant challenges for feed ingredients like vitamins and amino acids, which are predominantly manufactured in China. Additionally, soaring energy costs have increased production and transportation expenses, further straining the industry. The growing development of plant-based and cultured proteins is also shifting demand away from animal protein, particularly in emerging markets.
These dynamics disrupt the feed additives market by increasing operational costs, complicating supply chain logistics, and reducing demand for traditional animal-based feed additives. However, opportunities remain in enhancing feed conversion efficiency, meeting consumer preferences for antibiotic-free livestock, and driving sustainability through innovations like methane-reducing seaweed additives. While growth is expected in aquaculture and poultry production across Asia and Africa, the market faces long-term hurdles such as slower growth rates, industry consolidation, and a pressing need to focus on sustainability and animal health.
"Poultry emerges as the dominant livestock segment during the forecast period."
Poultry has emerged as the dominant segment in the livestock industry due to its significant economic contribution and steady production growth. According to USDA, In 2023, the combined value of production from broilers, eggs, turkeys, and chickens reached USD 67.1 billion, with broilers alone contributing 64% of this total, equivalent to USD 42.6 billion. This dominance is driven by the consistent demand for poultry meat, which is favored for its affordability and versatility compared to other meats. Broiler production amounted to 9.16 billion birds, with a total live weight of 59.7 billion pounds, reflecting a steady increase from the previous year. The egg sector followed, contributing 27% to the total value, underscoring the essential role of poultry in the global diet.
Key players are actively enhancing their offerings to meet rising consumer demand and improve production efficiency. In December 2023, Cargill introduced tailored solutions to improve poultry health and performance, including innovative feed additives like Dia V MBPRO and postbiotics. These advancements aim to reduce antibiotic use while addressing consumer preferences for healthier poultry products. Additionally, Cargill launched REVEAL Layers, a patent-pending NIR technology that provides real-time, mobile-accessible insights into the relationship between body fat and egg production in laying poultry. This tool allows for the optimization of diet composition, enhancing profitability and contributing to the segment's growth and innovation.
"Amino acids are estimated to dominate the feed additives market during the forecast period"
Amino acids are fundamental to animal growth and development. They are the building blocks of proteins, which are crucial for muscle development, tissue repair, and overall health in livestock. For instance, L-lysine and DL-methionine are essential amino acids often supplemented in poultry feed to meet the specific nutritional needs of broilers and layers. By ensuring that the diet contains adequate levels of these amino acids, producers can enhance growth rates and egg production. For example, L-lysine supplementation in broiler diets has been shown to improve weight gain and feed conversion ratios, leading to more efficient production and better economic returns.
Amino acids help in optimizing feed efficiency and reducing feed costs. By supplementing animal feeds with specific amino acids, feed manufacturers can formulate more balanced and nutrient-dense diets. This approach reduces the need for protein-rich ingredients such as soybean meal, which are often more expensive. Companies such as ADM (US) are innovating by offering amino acids in liquid and encapsulated forms. These formats improve nutritional absorption, reduce dust in feed mills, and enhance feed efficiency. Liquid lysine allows for accurate dosing and minimizes waste, contributing to a cleaner production environment.
"US is estimated to dominate the feed additives market in the North American region during the forecasted period"
Feed additives in North America are currently being dominated by the United States. With estimates indicating a rise in poultry meat, poultry products, and swine meat, investment towards the expansion of production capacities is expected to rise in the United States. Another reason for increased expenditure on livestock nutrition is the growing acceptance of precision feeding practices in order to satisfy high-quality feed demand. This has been a major factor in the increased use of effective feed additives in the region.
In June 2024, Kemin Industries Inc. (US) introduced FORMYL, a feed acidifier for swine in the US market. According to Kemin, FORMYL combines calcium formate and citric acid into a single product that will beneficially affect gut health, lead to the defeat of pathogens, and enhance digestion.
The strategic licensing deal Alltech (US) has formed with EnviroEquine (US) in September 2024, would be used in introducing the latter's equine nutritional supplements using Alltech's advanced technologies. The products would be strengthened with science-based solutions for greater efficacy while brand presence in North America and Europe is consolidated. It is according to the two companies' mutual commitment to sustainability and quality in animal nutrition. The initiatives by Kemin Industries and the partnership between Alltech and EnviroEquine clearly demonstrate the growing demand for feed additives in the North American market.
The break-up of the profile of primary participants in the feed additives market:
- By Company Type: Tier 1 - 25%, Tier 2 - 45%, and Tier 3 - 30%
- By Designation: Directors - 20%, Managers - 50%, Others - 30%
- By Region: North America - 25%, Europe - 30%, Asia Pacific - 20%, South America - 15% and Rest of the World - 10%
Prominent companies include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), dsm-firmenich (Switzerland), Ajinomoto Co., Inc. (Japan), Novonesis Group (Denmark), Adisseo (France), Solvay (Belgium), Nutreco (Netherlands), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), BRF Global (Brazil), Bentoli (US), VITALAC (France), Alltech (US), Neospark Drugs and Chemicals Private Limited (India), Tex Biosciences (P) Ltd. (India), Volac International Ltd. (England), Global Nutrition International (France), Centafarm SRL (Italy), NUQO Feed additives (France), Palital Feed Additives B.V. (Netherlands), Novus International, Inc. (US) among others.
Research Coverage:
This research report categorizes the feed additives market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & sweeteners, Antibiotics, Minerals, Antioxidants, Nonprotein Nitrogen, Phytogenics, Preservatives, and Probiotics), Source (Natural and Synthetic), Form (Dry and Liquid), Livestock (Ruminants, Swine, Poultry, Aquatic Animals, Other Livestock), Functions (Gut Health, Palatability Enhancers, Growth Boosters, Immune System Support, Other Functions), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World).
The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the feed additives market. It also provides a detailed analysis of the major players in the market, including their business overview, products offered; key strategies; partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the feed additives market is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall feed additives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increase in demand and consumption of livestock-based products), restraints (Ban on antibiotics in different nations), opportunities (Developing countries emerge as strong consumers of feed additives), and challenges (High Sustainability of feed and livestock chain) influencing the growth of the feed additives market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the feed additives market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the feed additives market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the feed additives market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), dsm-firmenich (Switzerland), Ajinomoto Co., Inc. (Japan), Novonesis Group (Denmark), Adisseo (France), Solvay (Belgium), Nutreco (Netherlands), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), BRF Global (Brazil), Bentoli (US), VITALAC (France), and Alltech (US), among others in the feed additives market strategies. The report also helps stakeholders understand the feed additives market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 REGIONS COVERED
- 1.3.4 YEARS CONSIDERED
- 1.4 UNITS CONSIDERED
- 1.4.1 CURRENCY CONSIDERED
- 1.4.2 VOLUME UNIT CONSIDERED
- 1.5 STAKEHOLDERS
- 1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of primary profiles
- 2.1.2.3 Key insights from industry experts
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPES AND SUBTYPES, BY REGION)
- 2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)
- 2.2.3 SUPPLY-SIDE ANALYSIS
- 2.3 DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
- 2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FEED ADDITIVES MARKET
- 4.2 ASIA PACIFIC: FEED ADDITIVES MARKET, BY TYPE AND COUNTRY
- 4.3 FEED ADDITIVES MARKET, BY TYPE
- 4.4 FEED ADDITIVES MARKET, BY FORM
- 4.5 FEED ADDITIVES MARKET, BY SOURCE
- 4.6 FEED ADDITIVES MARKET, BY LIVESTOCK AND REGION
- 4.7 FEED ADDITIVES MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MACROECONOMIC OUTLOOK
- 5.2.1 RISE IN DEMAND FOR COMPOUND FEED
- 5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING REGIONS
- 5.3 MARKET DYNAMICS
- 5.3.1 DRIVERS
- 5.3.1.1 Increase in demand and consumption of livestock-based products
- 5.3.1.2 Growth in feed production
- 5.3.1.3 Rise in awareness about feed quality
- 5.3.1.4 Rise in global demand for naturally produced feed and feed additives
- 5.3.1.5 Standardization of meat products owing to disease outbreaks
- 5.3.1.6 Implementation of innovative animal husbandry practices to improve meat quality
- 5.3.2 RESTRAINTS
- 5.3.2.1 Ban on antibiotics in different nations
- 5.3.2.2 Volatile raw material prices
- 5.3.2.3 Stringent regulatory framework
- 5.3.3 OPPORTUNITIES
- 5.3.3.1 Shift toward natural growth promoters
- 5.3.3.2 Increase in demand for nutritional supplements for monogastric animals
- 5.3.4 CHALLENGES
- 5.3.4.1 Quality control of genetic feed additive products manufactured by Asian companies
- 5.3.4.2 Sustainability of feed and livestock chain
- 5.4 IMPACT OF GEN AI ON ANIMAL NUTRITION
- 5.4.1 INTRODUCTION
- 5.4.2 USE OF GEN AI IN ANIMAL NUTRITION
- 5.4.3 CASE STUDY ANALYSIS
- 5.4.3.1 Revolutionizing dairy nutrition through AI innovations
- 5.4.3.2 Enhancing livestock feed formulation through decision support tools
- 5.4.4 IMPACT ON FEED ADDITIVES MARKET
- 5.4.5 ADJACENT ECOSYSTEM WORKING ON GEN AI
6 INDUSTRY TRENDS
- 6.1 INTRODUCTION
- 6.2 SUPPLY CHAIN ANALYSIS
- 6.3 VALUE CHAIN ANALYSIS
- 6.3.1 RESEARCH AND PRODUCT DEVELOPMENT
- 6.3.2 RAW MATERIAL SOURCING
- 6.3.3 PRODUCTION
- 6.3.4 QUALITY CONTROL & SAFETY
- 6.3.5 DISTRIBUTION & LOGISTICS
- 6.3.6 MARKETING & SALES
- 6.3.7 END USERS
- 6.4 TRADE ANALYSIS
- 6.4.1 EXPORT SCENARIO OF ANIMAL FEEDING RELATED TO FEED ADDITIVES
- 6.4.2 IMPORT SCENARIO OF ANIMAL FEEDING RELATED TO FEED ADDITIVES
- 6.5 TECHNOLOGY ANALYSIS
- 6.5.1 KEY TECHNOLOGIES
- 6.5.1.1 Agglomeration (pelletizing)
- 6.5.1.2 Dosing systems
- 6.5.2 COMPLEMENTARY TECHNOLOGY
- 6.5.2.1 Animal health monitoring systems
- 6.5.3 ADJACENT TECHNOLOGIES
- 6.5.3.1 Precision nutrition
- 6.6 PRICING ANALYSIS
- 6.6.1 INTRODUCTION
- 6.6.2 INDICATIVE PRICE TREND AMONG KEY PLAYERS
- 6.6.3 AVERAGE SELLING PRICE TREND, BY LIVESTOCK, 2020-2024
- 6.6.4 AVERAGE SELLING PRICE TREND, BY REGION, 2020-2024
- 6.7 ECOSYSTEM ANALYSIS/MARKET MAP
- 6.7.1 DEMAND SIDE
- 6.7.2 SUPPLY SIDE
- 6.8 TRENDS/DISRUPTIONS IMPACTING BUYERS
- 6.9 PATENT ANALYSIS
- 6.9.1 LIST OF MAJOR PATENTS
- 6.10 KEY CONFERENCES AND EVENTS, 2024-2025
- 6.11 TARIFF AND REGULATORY LANDSCAPE
- 6.11.1 TARIFF RELATED TO FEED ADDITIVES
- 6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 6.11.3 REGULATIONS
- 6.11.3.1 Feed additives regulatory approval from European Union
- 6.11.3.2 Time duration for feed additives in register
- 6.11.3.3 Registration of feed additives
- 6.11.3.4 Packaging of feed additives
- 6.11.3.5 Labeling of feed additives
- 6.11.3.6 Manufacture and sale of feed additives
- 6.11.3.7 Import of feed additives
- 6.11.3.8 Revaluation of feed additives
- 6.11.4 REGULATORY FRAMEWORK, BY COUNTRY
- 6.11.4.1 US
- 6.11.4.1.1 Labeling
- 6.11.4.1.2 Association of American Feed Control Officials (AAFCO)
- 6.11.4.2 Canada
- 6.11.4.2.1 Legal authorities
- 6.11.4.3 China
- 6.11.4.4 European Union
- 6.11.4.5 Japan
- 6.11.4.6 South Africa
- 6.12 PORTER'S FIVE FORCES ANALYSIS
- 6.12.1 INTENSITY OF COMPETITIVE RIVALRY
- 6.12.2 BARGAINING POWER OF SUPPLIERS
- 6.12.3 BARGAINING POWER OF BUYERS
- 6.12.4 THREAT OF SUBSTITUTES
- 6.12.5 THREAT OF NEW ENTRANTS
- 6.13 KEY STAKEHOLDERS & BUYING CRITERIA
- 6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 6.13.2 BUYING CRITERIA
- 6.14 CASE STUDIES
- 6.14.1 DSM EXPANSION IN INDIA TO OFFER NUTRIENT-RICH FEED ADDITIVES
- 6.14.2 RISING ANIMAL HEALTH RELATED PROBLEMS DRIVES THE DEMAND FOR FEED ADDITIVES
- 6.14.3 PICHIA GUILLIERMONDII IN AQUACULTURE FEED BY ADM
- 6.15 INVESTMENT & FUNDING SCENARIO
7 FEED ADDITIVES MARKET, BY TYPE
- 7.1 INTRODUCTION
- 7.2 AMINO ACIDS
- 7.2.1 METHIONINE
- 7.2.1.1 Ability to tailor amino acid supplements for livestock to drive market
- 7.2.2 LYSINE
- 7.2.2.1 Relatively high value and digestibility of lysine to boost market
- 7.2.3 THREONINE
- 7.2.3.1 Role in providing optimal protein synthesis to boost market
- 7.2.4 TRYPTOPHAN
- 7.2.4.1 Ability to improve protein utilization and stress reduction in livestock to drive market
- 7.2.5 OTHER AMINO ACIDS
- 7.3 PHOSPHATES
- 7.3.1 DICALCIUM PHOSPHATE
- 7.3.1.1 Role in regulating energy metabolism and maintaining adequate dietary levels for livestock to drive market
- 7.3.2 MONOCALCIUM PHOSPHATE
- 7.3.2.1 Ability to prevent abnormal development of bones in livestock to propel market
- 7.3.3 MON0-DICALCIUM PHOSPHATE
- 7.3.3.1 Enhancement of functioning of immune system to drive market
- 7.3.4 DEFLUORINATED PHOSPHATE
- 7.3.4.1 Role in reducing fluorine content in animal feed to boost market
- 7.3.5 TRICALCIUM PHOSPHATE
- 7.3.5.1 Role in enhancement of immune system and energy regulation of livestock to drive market
- 7.3.6 OTHER PHOSPHATES
- 7.4 VITAMINS
- 7.4.1 FAT-SOLUBLE VITAMINS
- 7.4.1.1 Role of vitamins as a key constituent of metabolic functions to drive market
- 7.4.2 WATER-SOLUBLE VITAMINS
- 7.4.2.1 Significance of water-soluble vitamins for optimum growth and development of livestock to drive market
- 7.5 ACIDIFIERS
- 7.5.1 PROPIONIC ACID
- 7.5.1.1 Role in silage production and prevention of fertility disorders in livestock to drive market
- 7.5.2 FORMIC ACID
- 7.5.2.1 Role in consistent feed formulations and feed preservation to drive market
- 7.5.3 CITRIC ACID
- 7.5.3.1 Importance of citric acid in enhancing immunity of vaccinated broilers to boost market
- 7.5.4 LACTIC ACID
- 7.5.4.1 Significance of lactic acid in improving animal health and productivity to drive market
- 7.5.5 SORBIC ACID
- 7.5.5.1 Importance of sorbic acid in feed preservation to drive market
- 7.5.6 MALIC ACID
- 7.5.6.1 Role as cost-efficient preservative and acidity regulator to drive market
- 7.5.7 BENZOIC ACID
- 7.5.7.1 Strong antimicrobial properties and low pungency to drive market
- 7.5.8 OTHER ACIDIFIERS
- 7.6 CAROTENOIDS
- 7.6.1 ASTAXANTHIN
- 7.6.1.1 Health benefits of astaxanthin to fuel market growth
- 7.6.2 CANTHAXANTHIN
- 7.6.2.1 Role of canthaxanthin in providing consistent egg color to boost market
- 7.6.3 LUTEIN
- 7.6.3.1 Health benefits of lutein and improvement of feed palatability to drive market
- 7.6.4 BETA CAROTENE
- 7.6.4.1 Improvement of reproductive performance of ruminants and protection against oxidative stress to accelerate market growth
- 7.6.5 OTHER CAROTENOIDS
- 7.7 ENZYMES
- 7.7.1 PHYTASE
- 7.7.1.1 Low cost and nutritional benefits to boost growth
- 7.7.2 CARBOHYDRASE
- 7.7.2.1 Significance in the improvement of digestibility of carbohydrates in feed ingredients to drive market
- 7.7.3 PROTEASE
- 7.7.3.1 Role in reduction of dietary protein levels of livestock to drive market
- 7.7.4 OTHER ENZYMES
- 7.8 MYCOTOXIN DETOXIFIERS
- 7.8.1 BINDERS
- 7.8.1.1 Increase in awareness regarding benefits of binders to drive market
- 7.8.2 MODIFIERS
- 7.8.2.1 Enhancement of feed by conversion of mycotoxin into lesser toxic compounds to drive market
- 7.9 FLAVORS & SWEETENERS
- 7.9.1 FEED FLAVORS
- 7.9.1.1 Rise in focus on improving livestock performance to drive market
- 7.9.2 FEED SWEETENERS
- 7.9.2.1 Role of sweeteners to mask undesired taste of feed to drive market
- 7.10 ANTIBIOTICS
- 7.10.1 TETRACYCLINE
- 7.10.1.1 Role in improvement of egg production and feed efficiency to drive market
- 7.10.2 PENICILLIN
- 7.10.2.1 Significance of penicillin as antibiotic to drive market
- 7.10.3 OTHER ANTIBIOTICS
- 7.11 MINERALS
- 7.11.1 POTASSIUM
- 7.11.1.1 Regulation of metabolism of proteins and carbohydrates to boost market
- 7.11.2 CALCIUM
- 7.11.2.1 Role of calcium in strengthening of bones and improvement of eggshell quality to drive market
- 7.11.3 PHOSPHORUS
- 7.11.3.1 Vital role of phosphorus in egg production and prevention of skeletal deformities to drive market
- 7.11.4 MAGNESIUM
- 7.11.4.1 Necessity of magnesium for bone growth and stability to drive market
- 7.11.5 SODIUM
- 7.11.5.1 Role of sodium in regulation of acid-base equilibrium and maintenance of osmotic pressure to drive market
- 7.11.6 IRON
- 7.11.6.1 Significance of iron in formation of hemoglobin and myoglobin to drive market
- 7.11.7 ZINC
- 7.11.7.1 Role of zinc in development of immune system and reproductive capacity to drive market
- 7.11.8 COPPER
- 7.11.8.1 Health benefits of copper and vital role in cellular respiration to boost market
- 7.11.9 MANGANESE
- 7.11.9.1 Role in efficient functioning of mitochondria in cells and prevention of oxidative stress to drive market
- 7.11.10 OTHER MINERALS
- 7.12 ANTIOXIDANTS
- 7.12.1 SYNTHETIC ANTIOXIDANTS
- 7.12.1.1 Role in protection of fat-soluble vitamins against oxidative degradation to drive market
- 7.12.2 NATURAL ANTIOXIDANTS
- 7.12.2.1 Fewer side effects than synthetic antioxidants to drive market
- 7.13 NONPROTEIN NITROGEN
- 7.13.1 UREA
- 7.13.1.1 Low cost and easy availability to drive market
- 7.13.2 AMMONIA
- 7.13.2.1 Role of ammonia in improving digestibility and increasing feed intake to drive market
- 7.13.3 OTHER NONPROTEIN NITROGEN
- 7.14 PHYTOGENICS
- 7.14.1 ESSENTIAL OILS
- 7.14.1.1 Role in improvement of gut health and healthy digestion in poultry to boost market
- 7.14.2 FLAVONOIDS
- 7.14.2.1 Improvement of gut health and heart stress control in livestock to boost market
- 7.14.3 SAPONINS
- 7.14.3.1 Role of saponins in suppressing intestinal and ruminal ammonia production to drive market
- 7.14.4 OLEORESINS
- 7.14.4.1 Role of oleoresins in imparting color, flavor, and aroma to livestock feed to drive market
- 7.14.5 OTHER PHYTOGENICS
- 7.15 PRESERVATIVES
- 7.15.1 MOLD INHIBITORS
- 7.15.1.1 Role of mold inhibitors in preventing mold growth and contamination to drive market
- 7.15.2 ANTICAKING AGENTS
- 7.15.2.1 Significance of anticaking agents in preventing accumulation of feed nutrients to drive market
- 7.16 PROBIOTICS
- 7.16.1 LACTOBACILLI
- 7.16.1.1 Potential to replace antibiotic growth promoters to drive market
- 7.16.2 BIFIDOBACTERIA
- 7.16.2.1 Benefits to adult livestock, such as controlling pH level of large intestine to accelerate market growth
- 7.16.3 STREPTOCOCCUS THERMOPHILUS
- 7.16.3.1 Usage in manufacture of various feed probiotic products to drive market
- 7.16.4 YEAST & FUNGI
- 7.16.4.1 Role in increased production of milk in dairy cattle to drive market
8 FEED ADDITIVES MARKET, BY LIVESTOCK
- 8.1 INTRODUCTION
- 8.2 POULTRY
- 8.2.1 RISE IN DEMAND FOR HIGH-QUALITY CHICKEN AND EGGS TO DRIVE MARKET
- 8.2.2 BROILERS
- 8.2.3 LAYERS
- 8.2.4 BREEDERS
- 8.3 RUMINANTS
- 8.3.1 INCREASE IN CONSUMPTION OF DAIRY PRODUCTS AND BEEF TO DRIVE DEMAND
- 8.3.2 CALF
- 8.3.3 DAIRY
- 8.3.4 BEEF
- 8.3.5 OTHER RUMINANTS
- 8.4 SWINE
- 8.4.1 RISE IN PORK TRADE AND CONCERNS OVER MEAT SAFETY TO BOOST MARKET
- 8.4.2 STARTERS
- 8.4.3 GROWERS
- 8.4.4 SOWS
- 8.5 AQUATIC ANIMALS
- 8.5.1 INCREASE IN AQUAFEED PRODUCTION TO DRIVE MARKET
- 8.5.2 FISH
- 8.5.3 CRUSTACEANS
- 8.5.4 MOLLUSKS
- 8.5.5 OTHER AQUATIC ANIMALS
- 8.6 OTHER LIVESTOCK
9 FEED ADDITIVES MARKET, BY SOURCE
- 9.1 INTRODUCTION
- 9.2 SYNTHETIC
- 9.2.1 COST-EFFECTIVENESS AND HIGH STABILITY PROPERTIES TO PROPEL GROWTH
- 9.3 NATURAL
- 9.3.1 ANTIBIOTIC CONCERNS TO DRIVE MARKET
10 FEED ADDITIVES MARKET, BY FORM
- 10.1 INTRODUCTION
- 10.2 DRY
- 10.2.1 CONVENIENCE IN STORAGE, HANDLING, AND TRANSPORTATION TO DRIVE MARKET
- 10.3 LIQUID
- 10.3.1 UNIFORM MIXING AND PRECISE DOSING OF LIQUID FEED ADDITIVES TO PROPEL MARKET
11 FEED ADDITIVES MARKET, BY FUNCTION
- 11.1 INTRODUCTION
- 11.2 GUT HEALTH
- 11.2.1 INCREASED DEMAND FOR HEALTHY GUT MICROBIOTA TO IMPROVE DIGESTION AND PREVENT GASTROINTESTINAL DISEASES
- 11.3 PALATABILITY ENHANCERS
- 11.3.1 IMPROVED TASTE, SMELL, AND OVERALL APPEAL OF ANIMAL FEED TO DRIVE DEMAND
- 11.4 GROWTH BOOSTERS
- 11.4.1 RISING DEMAND FOR MEAT TO DRIVE DEMAND FOR GROWTH BOOSTERS
- 11.5 IMMUNE SYSTEM SUPPORT
- 11.5.1 INCREASED DISEASE INCIDENCES TO DRIVE DEMAND
- 11.6 OTHER FUNCTIONS
12 FEED ADDITIVES MARKET, BY REGION
- 12.1 INTRODUCTION
- 12.2 NORTH AMERICA
- 12.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
- 12.2.2 US
- 12.2.2.1 Increasing trend of precision feeding techniques to boost demand for effective feed additives
- 12.2.3 CANADA
- 12.2.3.1 Rise in demand for meat and lenient regulations pertaining to use of growth promoters to boost market
- 12.2.4 MEXICO
- 12.2.4.1 Significant rise in livestock production to drive feed additive consumption in Mexico
- 12.3 EUROPE
- 12.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
- 12.3.2 SPAIN
- 12.3.2.1 Increased preference for meat and dairy products to boost market
- 12.3.3 RUSSIA
- 12.3.3.1 Increasing feed production rate to drive market
- 12.3.4 GERMANY
- 12.3.4.1 Technological advancements in livestock management to drive market
- 12.3.5 FRANCE
- 12.3.5.1 High domestic demand for meat products to drive market
- 12.3.6 ITALY
- 12.3.6.1 Focus on improving animal health and nutrition to drive market
- 12.3.7 UK
- 12.3.7.1 Rising demand for high-quality meat and dairy products to boost market
- 12.3.8 REST OF EUROPE
- 12.4 ASIA PACIFIC
- 12.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC & OCEANIA
- 12.4.2 CHINA
- 12.4.2.1 Large feed production to drive market
- 12.4.3 INDIA
- 12.4.3.1 Increased consumption of meat and dairy products to drive market
- 12.4.4 JAPAN
- 12.4.4.1 Increasing consumer demand for premium animal-based products to drive market
- 12.4.5 THAILAND
- 12.4.5.1 Export opportunities in poultry and aquaculture industry to drive market
- 12.4.6 INDONESIA
- 12.4.6.1 High demand for feed due to growing poultry sector to drive market
- 12.4.7 REST OF ASIA PACIFIC
- 12.5 SOUTH AMERICA
- 12.5.1 MACROECONOMIC OUTLOOK FOR LATIN AMERICA
- 12.5.2 BRAZIL
- 12.5.2.1 Brazil's thriving meat export industry to drive market
- 12.5.3 ARGENTINA
- 12.5.3.1 High consumption of meat and thriving livestock industry to drive market
- 12.5.4 REST OF SOUTH AMERICA
- 12.6 REST OF THE WORLD (ROW)
- 12.6.1 MACROECONOMIC OUTLOOK FOR ROW
- 12.6.2 MIDDLE EAST
- 12.6.2.1 Rising demand for animal-based products to drive market
- 12.6.3 AFRICA
- 12.6.3.1 Increase in disease outbreaks to drive market
13 COMPETITIVE LANDSCAPE
- 13.1 OVERVIEW
- 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 13.3 REVENUE ANALYSIS, 2021-2023
- 13.4 MARKET SHARE ANALYSIS, 2023
- 13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 13.5.1 STARS
- 13.5.2 EMERGING LEADERS
- 13.5.3 PERVASIVE PLAYERS
- 13.5.4 PARTICIPANTS
- 13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 13.5.5.1 Company footprint
- 13.5.5.2 Region footprint
- 13.5.5.3 Type footprint
- 13.5.5.4 Livestock footprint
- 13.5.5.5 Form footprint
- 13.5.5.6 Source footprint
- 13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 13.6.1 PROGRESSIVE COMPANIES
- 13.6.2 RESPONSIVE COMPANIES
- 13.6.3 DYNAMIC COMPANIES
- 13.6.4 STARTING BLOCKS
- 13.6.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023
- 13.6.5.1 Detailed list of key startups/SMEs
- 13.6.5.2 Competitive benchmarking of key startups/SMEs
- 13.7 COMPANY VALUATION AND FINANCIAL METRICS
- 13.7.1 COMPANY VALUATION
- 13.7.2 EV/EBITDA
- 13.8 BRAND COMPARISON ANALYSIS
- 13.8.1 CARGILL, INCORPORATED (DELACON)
- 13.8.2 ADM (PANCOSMA)
- 13.8.3 NUTRECO (SELKO)
- 13.8.4 ADISSEO (RHODIMET)
- 13.8.5 DSM-FIRMENICH (MYCOFIX)
- 13.9 COMPETITIVE SCENARIO AND TRENDS
- 13.9.1 PRODUCT LAUNCHES
- 13.9.2 DEALS
- 13.9.3 EXPANSIONS
- 13.9.4 OTHERS
14 COMPANY PROFILES
- 14.1 KEY PLAYERS
- 14.1.1 CARGILL, INCORPORATED
- 14.1.1.1 Business overview
- 14.1.1.2 Products/Solutions/Services offered
- 14.1.1.3 Recent developments
- 14.1.1.3.1 Deals
- 14.1.1.3.2 Expansions
- 14.1.1.4 MnM view
- 14.1.1.4.1 Key strengths
- 14.1.1.4.2 Strategic choices
- 14.1.1.4.3 Weaknesses and competitive threats
- 14.1.2 ADM
- 14.1.2.1 Business overview
- 14.1.2.2 Products/Solutions/Services offered
- 14.1.2.3 Recent developments
- 14.1.2.3.1 Product launches
- 14.1.2.3.2 Deals
- 14.1.2.3.3 Expansions
- 14.1.2.4 MnM view
- 14.1.2.4.1 Key strengths
- 14.1.2.4.2 Strategic choices
- 14.1.2.4.3 Weaknesses and competitive threats
- 14.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC.
- 14.1.3.1 Business overview
- 14.1.3.2 Products/Solutions/Services offered
- 14.1.3.3 Recent developments
- 14.1.3.3.1 Product launches
- 14.1.3.3.2 Expansions
- 14.1.3.4 MnM view
- 14.1.3.4.1 Key strengths
- 14.1.3.4.2 Strategic choices
- 14.1.3.4.3 Weaknesses and competitive threats
- 14.1.4 EVONIK INDUSTRIES AG
- 14.1.4.1 Business overview
- 14.1.4.2 Products/Solutions/Services offered
- 14.1.4.3 Recent developments
- 14.1.4.3.1 Product launches
- 14.1.4.3.2 Deals
- 14.1.4.3.3 Expansions
- 14.1.4.4 MnM view
- 14.1.4.4.1 Key strengths
- 14.1.4.4.2 Strategic choices
- 14.1.4.4.3 Weaknesses and competitive threats
- 14.1.5 BASF SE
- 14.1.5.1 Business overview
- 14.1.5.2 Products/Solutions/Services offered
- 14.1.5.3 Recent developments
- 14.1.5.3.1 Product launches
- 14.1.5.3.2 Deals
- 14.1.5.4 MnM view
- 14.1.5.4.1 Right to win
- 14.1.5.4.2 Strategic choices
- 14.1.5.4.3 Weaknesses and competitive threats
- 14.1.6 DSM-FIRMENICH
- 14.1.6.1 Business overview
- 14.1.6.2 Products/Solutions/Services offered
- 14.1.6.3 Recent developments
- 14.1.6.3.1 Deals
- 14.1.6.3.2 Expansions
- 14.1.6.4 MnM view
- 14.1.7 ALLTECH
- 14.1.7.1 Business overview
- 14.1.7.2 Products/Solutions/Services offered
- 14.1.7.3 Recent developments
- 14.1.7.3.1 Product launches
- 14.1.7.3.2 Deals
- 14.1.7.4 MnM view
- 14.1.8 AJINOMOTO CO., INC.
- 14.1.8.1 Business overview
- 14.1.8.2 Products/Solutions/Services offered
- 14.1.8.3 Recent developments
- 14.1.8.4 MnM view
- 14.1.9 NOVONESIS GROUP
- 14.1.9.1 Business overview
- 14.1.9.2 Products/Solutions/Services offered
- 14.1.9.3 Recent developments
- 14.1.9.4 MnM view
- 14.1.10 ADISSEO
- 14.1.10.1 Business overview
- 14.1.10.2 Products/Solutions/Services offered
- 14.1.10.3 Recent developments
- 14.1.10.3.1 Deals
- 14.1.10.3.2 Expansions
- 14.1.10.4 MnM view
- 14.1.11 JUBILANT INGREVIA LIMITED
- 14.1.11.1 Business overview
- 14.1.11.2 Products/Solutions/Services offered
- 14.1.11.3 Recent developments
- 14.1.11.4 MnM view
- 14.1.12 NUTRECO
- 14.1.12.1 Business overview
- 14.1.12.2 Products/Solutions/Services offered
- 14.1.12.3 Recent developments
- 14.1.12.3.1 Deals
- 14.1.12.3.2 Expansions
- 14.1.12.4 MnM view
- 14.1.13 BRF GLOBAL
- 14.1.13.1 Business overview
- 14.1.13.2 Products/Solutions/Services offered
- 14.1.13.3 Recent developments
- 14.1.13.4 MnM view
- 14.1.14 VOLAC INTERNATIONAL LTD.
- 14.1.14.1 Business overview
- 14.1.14.2 Products/Solutions/Services offered
- 14.1.14.3 Recent developments
- 14.1.14.3.1 Expansions
- 14.1.14.3.2 Others
- 14.1.14.4 MnM view
- 14.1.15 KEMIN INDUSTRIES, INC.
- 14.1.15.1 Business overview
- 14.1.15.2 Products/Solutions/Services offered
- 14.1.15.3 Recent developments
- 14.1.15.3.1 Product launches
- 14.1.15.3.2 Deals
- 14.1.15.3.3 Expansions
- 14.1.15.4 MnM view
- 14.1.16 LALLEMAND INC.
- 14.1.16.1 Business overview
- 14.1.16.2 Products/Solutions/Services offered
- 14.1.16.3 Recent developments
- 14.1.16.4 MnM view
- 14.1.17 BENTOLI
- 14.1.17.1 Business overview
- 14.1.17.2 Products/Solutions/Services offered
- 14.1.17.3 Recent developments
- 14.1.17.4 MnM view
- 14.1.18 NEOSPARK DRUGS AND CHEMICALS PRIVATE LIMITED
- 14.1.18.1 Business overview
- 14.1.18.2 Products/Solutions/Services offered
- 14.1.18.3 Recent developments
- 14.1.18.4 MnM view
- 14.1.19 NOVUS INTERNATIONAL, INC.
- 14.1.19.1 Business overview
- 14.1.19.2 Products/Solutions/Services offered
- 14.1.19.3 Recent developments
- 14.1.19.4 MnM view
- 14.1.20 GLOBAL NUTRITION INTERNATIONAL
- 14.1.20.1 Business overview
- 14.1.20.2 Products/Solutions/Services offered
- 14.1.20.3 Recent developments
- 14.1.20.4 MnM view
- 14.2 OTHER PLAYERS
- 14.2.1 VITALAC
- 14.2.2 TEX BIOSCIENCES (P) LTD.
- 14.2.3 CENTAFARM SRL
- 14.2.4 NUQO FEED ADDITIVES
- 14.2.5 PALITAL FEED ADDITIVES B.V.
- 14.2.6 PHYTOBIOTICS FUTTERZUSATZSTOFFE GMBH
15 ADJACENT AND RELATED MARKETS
- 15.1 INTRODUCTION
- 15.2 LIMITATIONS
- 15.3 AQUAFEED MARKET
- 15.3.1 MARKET DEFINITION
- 15.3.2 MARKET OVERVIEW
- 15.4 FEED PHOSPHATES MARKET
- 15.4.1 MARKET DEFINITION
- 15.4.2 MARKET OVERVIEW
- 15.5 COMPOUND FEED MARKET
- 15.5.1 MARKET DEFINITION
- 15.5.2 MARKET OVERVIEW
16 APPENDIX
- 16.1 DISCUSSION GUIDE
- 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 16.3 CUSTOMIZATION OPTIONS
- 16.4 RELATED REPORTS
- 16.5 AUTHOR DETAILS