Feed Additives Market

Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, and Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2026

Report Code: AGI 2286 May, 2021, by marketsandmarkets.com

[329 Pages Report] According to MarketsandMarkets, the global feed additives market is estimated to be valued at USD 38.1 billion in 2021 and is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value. The growth in consumption of animal-based products, growth in feed production, standardization of meat products owing to disease outbreaks, and implementation of innovative animal husbandry practices to improve meat quality have led to the increased consumption of feed additives. The Asia Pacific region will dominate the global market due the presence of a large livestock population and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in countries such as India and Japan.

Feed Additives Market

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Impact of COVID-19 on Global Market

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Where the medical community is focused on developing successful diagnostic and medical treatment, the feed industry is also focused on manufacturing healthy products using for animals using feed additives to combat diseases by providing immune support.

Owing to the increasing COVID-19 pandemic outbreak in various regions/countries, the global market in 2020 was observed to witness a decline due to the lockdowns in various countries, closure of the international borders, and delay in cross border transit that has led to supply chain hindrances. The social distancing and the other measures taken by the regional governments limit the number of people who can work together in small areas. Thus, the decline in 2020 in the feed additives market growth was mainly due to the major impact of the COVID-19 pandemic. Gradually, as the restrictions of the government measures are likely to relax, the market for feed additives would witness a slight increment in the upcoming years till 2026.

Market Dynamics

Drivers: Increase in demand and consumption of livestock-based products

An increase in demand and consumption of livestock-based products such as dairy & dairy-based products, meat, and eggs is expected to drive the usage of feed additives in feed for the growth and development of farm animals. Poultry meat is the primary driver for the growth of the overall meat production, owing to its high demand, low production cost, and lower product prices, both in developed and developing countries. Furthermore, owing to the increasing awareness about the role and dynamics of food nutrients, especially protein, on overall physical and mental growth and development, there is a growing trend toward animal-sourced protein in the form of either meat, eggs, or milk. This drives the usage of feed additives in feed as it increases its nutritional quality.

Restraints: Ban on antibiotics in different nations

An increase in raw material prices is a major challenge faced by feed manufacturers worldwide. Feed acids, antioxidants, and vitamins are extracted from natural sources such as seeds, tree barks, and plant leaves. The rising cost of extraction from these sources, coupled with stringent regulations for waste biomaterials and wastewater treatment, restrains the feed additives market growth. Availability of feed has become a critical issue for the industry. With the growing global population and the consequent rise in demand for food, the industry faces severe pressure in procuring raw feed such as corn, wheat, and barley. 

Opportunities: Shifting towards natural growth promoters

Antimicrobial compounds are commonly included in poultry diets for promoting growth and controlling diseases. The European Union banned feed-grade antibiotic growth promoters, owing to cross-resistance and also due to the risk posed to the EU’s food safety and public health. Due to this, feed manufacturers are adopting new forms of natural feed additives apart from antibiotics with the help of modern science. This new generation of growth enhancers includes botanical additives such as appropriate blends of herbs or plant extracts. Herbs and plant extracts used as feed additives include different bio-active ingredients such as alkaloids, bitters, flavonoids, glycosides, mucilage, saponins, and tannins. Therefore, there are various effects expected from herbs and plant extracts—they act on the appetite and intestinal microflora, thereby stimulating pancreatic secretions to increase endogenous enzyme activity and immune system. Many plant products and their constituents have broad antimicrobial activity and antioxidant & sedative properties.

Challenges: Sustainability of feed and livestock chain

The global feed additives market industry is focusing on improving feed efficiency by improving the feed conversion rates for all major livestock and farmed fish species. The feed and livestock industries can achieve sustainability by developing a harmonized environmental footprint methodology, based on life cycle analysis, involving the entire chain. The development of common metrics can also help to calculate a broader range of resource efficiency indicators. Efficient usage of feed ingredients can support the reduction of the environmental impact of livestock farming through resource-efficient feed production. The use of co-products from other processing industries can reduce the pressure on land-grown crops. 

By type, the preservatives segment is projected to grow with the highest CAGR in the global market during the forecast period

The feed preservatives are expected to grow at the highest CAGR over the forecast period. The demand for feed preservatives has increased due to the rising focus of the feed manufacturer on extending the shelf life of the feed. In the last 60 years, significant dietary changes have occurred in livestock breeding, which has resulted in the increased need and usage of feed preservatives such as mold inhibitors and anticaking agents.  

By livestock, the poultry segment is projected to grow with the highest CAGR in the global market during the forecast period

Based on livestock, the poultry segment is projected to be the largest and fastest-growing segment in the feed additives market. Growing concerns about animal health and consumer preferences for a specific color of yolk and meat has led to increasing demand for poultry feed additives.

By form, dry segment is projected to account for a larger share in the global market during the forecast period

By form, this market is segmented into dry and liquid. The dry form has a higher demand among livestock producers, as they are easy to mix with feed and are easy to store and handle. Its availability in pellet and mash forms further allows consumers to have options in terms of mixing techniques, which should support the growth of this segment.

By source, synthetic segment is projected to grow fastest in the feed additives market during the forecast period

By source, the synthetic segment is anticipated to grow fastest over the forecast period. Easier availability of raw materials and lower production costs are the major factors driving the demand for the synthetic feed additives. Stronger market penetration than the natural segment will also ensure a higher growth rate for synthetic feed additives.

Feed Additives Market by Region

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The Asia Pacific region accounted for the largest share in the global market, in terms of value. The market in the region is driven by the presence of a large livestock population and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in countries such as India and Japan. This increase in the number of feed mills in the region reflects the growth in feed production. The largest feed producer, China, contributes significantly to the region’s leading position, with Thailand and Indonesia being the emerging feed-producing countries, while India and Japan demonstrate constant growth in feed production.

Key Market Players:

Key players in this market include Cargill (US), ADM (US), Dupont (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), Chr Hansen (Denmark), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International Inc. (US).

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Scope of the Report

Report Metric

Details

Market size estimation

2017–2026

Base year considered

2020

Forecast period considered

2021–2026

Units considered

Value (USD) & Volume (KT)

Segments covered

Type, livestock, form, source, and region

Regions covered

North America, Europe, Asia Pacific, South America and RoW

Companies studied

  • Cargill (US)
  • ADM (US)
  • Evonik (Germany)
  • DuPont (US)
  • BASF (Germany)
  • DSM (Netherlands)
  • Ajinomoto (Japan)
  • Novozymes (Denmark)
  • Chr. Hansen (Denmark)
  • TEGASA (Spain)
  • Nutreco (Netherlands)
  • Kemin Industries Inc. (US)
  • Adisseo (France)
  • Alltech (US)
  • Palital Feed Additives B.V (Netherlands)
  • Global Nutrition International (France)
  • Centafarm SRL (Italy)
  • Bentoli (US)
  • NUQO Feed Additives (France)
  • Novus International, Inc. (US)

Target Audience:

  • Animal husbandry companies
  • Large-scale ranches and poultries
  • Government and research organizations
  • Feed additive manufacturers
  • Feed additive distributors
  • Marketing directors
  • Key executives from various key companies and organizations in the feed additives market

Report Scope

This research report categorizes the feed additives market based on type, livestock, form, source, and region.

By Type

  • Amino acids
  • Phosphates
  • Vitamins
  • Acidifiers
  • Carotenoids
  • Enzymes
  • Mycotoxin detoxifiers
  • Flavors & sweeteners
  • Antibiotics
  • Minerals
  • Antioxidants
  • Non-protein nitrogen
  • Phytogenics
  • Preservatives
  • Probiotics

By Livestock

  • Poultry
  • Ruminants
  • Swine
  • Aquatic animals
  • Other livestock (equine and pet food)

By Form

  • Dry
  • Liquid

By Source

  • Synthetic
  • Natural

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)
    • Middle East
    • Africa

Recent Developments

  • In February 2021, Kemin Industries launched a new product named KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets.
  • In July 2020, ADM launched NutriPass L, an encapsulated lysine supplement that is rumen-stable and intestinally available to cows. Through effective encapsulation, NutriPass supplies a consistent and stable supply of metabolizable lysine for lactating cows and growing cattle.
  • In February 2021, Alltech and DLG Group came together to focus on delivering profitability and efficiency to livestock producers in Scandinavia. Both the companies are finalizing the purchase of the Finnish company, Kδrki-Agri.
  • In November 2020, Evonik expanded its customer service offering for its animal nutrition customers by introducing a new digital portal called ‘myAMINO.’ Through this portal, the company has brought together its digital customer activities and services and added two web stores. It would help the company to strengthen its animal nutrition business.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 MARKET SEGMENTATION
           1.3.1 STUDY SCOPE FOR SUBTYPES
    1.4 REGIONS COVERED
           1.4.1 INCLUSIONS AND EXCLUSIONS
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2020
    1.7 VOLUME UNIT CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH DATA
        FIGURE 2 RESEARCH DESIGN
           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 primaries
                    2.1.2.3 Key primary insights
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 FEED ADDITIVE MARKET SIZE ESTIMATION: DEMAND SIDE
           2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPES AND SUBTYPES, BY REGION)
                 FIGURE 4 FEED ADDITIVE MARKET SIZE ESTIMATION: APPROACH ONE
           2.2.2 APPROACH TWO: TOP-DOWN (BASED ON THE GLOBAL MARKET)
                 FIGURE 5 FEED ADDITIVE MARKET SIZE ESTIMATION: APPROACH TWO
    2.3 DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS AND RISK ASSESSMENT OF THE STUDY
    2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
           2.6.1 SCENARIO-BASED MODELLING
    2.7 COVID-19 HEALTH ASSESSMENT
        FIGURE 7 COVID-19: GLOBAL PROPAGATION
        FIGURE 8 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 9 REVISED GROSS DOMESTIC PRODUCT (GDP) FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT
                 FIGURE 10 CRITERIA IMPACTING GLOBAL ECONOMY
                 FIGURE 11 SCENARIOS IN TERMS OF GLOBAL ECONOMY RECOVERY

3 EXECUTIVE SUMMARY (Page No. - 64)
  TABLE 2 MARKET SNAPSHOT, 2021 VS. 2026
  FIGURE 12 IMPACT OF COVID-19 ON THE FEED ADDITIVES MARKET SIZE, BY SCENARIO, 2020 VS. 2021 (USD BILLION)
  FIGURE 13 MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2021 VS. 2026 (USD MILLION)
  FIGURE 14 MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2021 VS. 2026 (USD BILLION)
  FIGURE 15 MARKET SIZE FOR FEED ADDITIVES, BY FORM, 2021 VS. 2026 (USD BILLION)
  FIGURE 16 MARKET SIZE FOR FEED ADDITIVES, BY SOURCE, 2021 VS. 2026 (USD BILLION)
  FIGURE 17 FEED ADDITIVE MARKET SHARE (VALUE), BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 70)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MARKET
        FIGURE 18 INCREASE IN DEMAND AND CONSUMPTION OF LIVESTOCK-BASED PRODUCTS TO PROPEL THE MARKET
    4.2 MAJOR REGIONAL SUBMARKETS
        FIGURE 19 CHINA PROJECTED TO BE THE FASTEST-GROWING MARKET FOR FEED ADDITIVES IN THE FORECAST PERIOD
    4.3 ASIA PACIFIC: FEED ADDITIVES MARKET, BY KEY TYPE & COUNTRY
        FIGURE 20 CHINA ACCOUNTED FOR THE LARGEST SHARE IN THE ASIA PACIFIC MARKET IN 2020
    4.4 MARKET FOR FEED ADDITIVES, BY TYPE
        FIGURE 21 AMINO ACIDS TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.5 MARKET FOR FEED ADDITIVES, BY LIVESTOCK & REGION
        FIGURE 22 ASIA PACIFIC IS PROJECTED TO DOMINATE THE MARKET FOR FEED ADDITIVES DURING THE FORECAST PERIOD
    4.6 MARKET FOR FEED ADDITIVES, BY FORM
        FIGURE 23 THE DRY FORM IS PROJECTED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
    4.7 MARKET FOR FEED ADDITIVES, BY SOURCE
        FIGURE 24 ASIA PACIFIC DOMINATED BOTH SOURCES OF FEED ADDITIVES IN 2020
        FIGURE 25 COVID-19 IMPACT ON THE GLOBAL MARKET: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS

5 MARKET OVERVIEW (Page No. - 77)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 26 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increase in demand and consumption of livestock-based products
                            FIGURE 27 MAJOR MEAT PRODUCING REGIONS/COUNTRIES, 2017–2019 (THOUSAND TONNES)
                            FIGURE 28 MAJOR BOVINE MEAT PRODUCING REGIONS/COUNTRIES, 2017–2019 (THOUSAND TONNES)
                            FIGURE 29 MAJOR SWINE MEAT PRODUCING REGIONS/COUNTRIES, 2017–2019 (THOUSAND TONNES)
                            FIGURE 30 MAJOR POULTRY MEAT PRODUCING REGIONS/COUNTRIES, 2017–2019 (THOUSAND TONNES)
                            FIGURE 31 ANIMAL-BASED PRODUCT CONSUMPTION, BY COMMODITY, 1967–2030 (MILLION TONS)
                    5.2.1.2 Growth in feed production
                            FIGURE 32 FEED PRODUCTION TREND, 2015–2019 (MILLION TONS)
                            FIGURE 33 REGIONAL FEED PRODUCTION SNAPSHOT, 2017 (MILLION TONS)
                            FIGURE 34 LEADING FEED PRODUCING COUNTRIES, 2017 (MILLION TONS)
                    5.2.1.3 Rise in awareness about feed quality
                    5.2.1.4 Rise in the global demand for naturally produced feed and feed additives
                    5.2.1.5 Standardization of meat products owing to disease outbreaks
                    5.2.1.6 Implementation of innovative animal husbandry practices to improve meat quality
           5.2.2 RESTRAINTS
                    5.2.2.1 Ban on antibiotics in different nations
                    5.2.2.2 Volatile raw material prices for natural feed additives
                               5.2.2.2.1 Increase in cost of feed ingredients
                    5.2.2.3 Stringent regulatory framework
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Shift toward natural growth promoters
                    5.2.3.2 Increase in demand for nutritional supplements for monogastric animals
                    5.2.3.3 Developing countries emerge as a strong consumer of feed additives
           5.2.4 CHALLENGES
                    5.2.4.1 Quality control of genetic feed additive products manufactured by Asian companies
                    5.2.4.2 Sustainability of feed and livestock chain
    5.3 IMPACT OF COVID-19 ON MARKET DYNAMICS
    5.4 EFFECT ON GLOBAL MEAT CONSUMPTION
    5.5 EFFECTS ON ANIMAL HEALTH
    5.6 EFFECT ON FEED CONSUMPTION

6 INDUSTRY TRENDS (Page No. - 90)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN
           6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.2.2 RAW MATERIAL SOURCING AND MANUFACTURING
           6.2.3 ASSEMBLY
           6.2.4 DISTRIBUTION
           6.2.5 MARKETING & SALES
                 FIGURE 35 VALUE CHAIN ANALYSIS OF THE FEED ADDITIVES MARKET: RAW MATERIAL SOURCING AND MANUFACTURING KEY CONTRIBUTORS
    6.3 TECHNOLOGY ANALYSIS
           6.3.1 AGGLOMERATION (PELLETIZING)
           6.3.2 DOSING SYSTEMS
    6.4 PRICING ANALYSIS
        TABLE 3 FEED ADDITIVE AVERAGE SELLING PRICES (ASP), BY REGION, 2017–2020 (USD/TON)
        TABLE 4 FEED ADDITIVE AVERAGE SELLING PRICES (ASP), BY KEY TYPE, 2017–2020 (USD/TON)
    6.5 MARKET MAP AND ECOSYSTEM FEED ADDITIVES MARKET
           6.5.1 DEMAND SIDE
           6.5.2 SUPPLY SIDE
           6.5.3 FEED & ANIMAL NUTRITION: ECOSYSTEM VIEW
           6.5.4 FEED ADDITIVES: MARKET MAP
                 TABLE 5 MARKET FOR FEED ADDITIVES: SUPPLY CHAIN (ECOSYSTEM)
    6.6 YC-YCC SHIFT
        FIGURE 36 REVENUE SHIFT FOR THE GLOBAL MARKET
    6.7 PATENT ANALYSIS
        FIGURE 37 NUMBER OF PATENTS GRANTED BETWEEN 2011 AND 2020
        FIGURE 38 TOP 10 INVESTORS WITH THE HIGHEST NUMBER OF PATENT DOCUMENTS
        FIGURE 39 TOP 10 APPLICANTS WITH HIGHEST NUMBER. OF PATENT DOCUMENTS
        TABLE 6 SOME OF THE PATENTS PERTAINING TO FEED ADDITIVES, 2019–2020
    6.8 TRADE ANALYSIS
        TABLE 7 EXPORT DATA OF FEED ADDITIVES FOR KEY COUNTRIES, 2020 (VALUE AND VOLUME)
        TABLE 8 RE-EXPORT DATA OF FOOD COLORS FOR KEY COUNTRIES, 2020 (VALUE AND VOLUME)
        TABLE 9 IMPORT DATA OF FEED ADDITIVES FOR KEY COUNTRIES, 2020 (VALUE AND VOLUME)
    6.9 PORTER’S FIVE FORCES ANALYSIS
        TABLE 10 MARKET FOR FEED ADDITIVES: PORTER’S FIVE FORCES ANALYSIS
           6.9.1 DEGREE OF COMPETITION
           6.9.2 BARGAINING POWER OF SUPPLIERS
           6.9.3 BARGAINING POWER OF BUYERS
           6.9.4 THREAT OF SUBSTITUTES
           6.9.5 THREAT OF NEW ENTRANTS
    6.10 CASE STUDIES
        TABLE 11 GROWING INNOVATION IN ANIMAL DIET
        TABLE 12 INCREASE IN CONCERN TO IMPROVE LIVESTOCK HEALTH IN ASIA PACIFIC

7 REGULATORY FRAMEWORK (Page No. - 109)
    7.1 REGULATIONS
           7.1.1 FEED ADDITIVES REGULATORY APPROVAL FROM THE EUROPEAN UNION
           7.1.2 TIME DURATION FOR A FEED ADDITIVE IN THE REGISTER
           7.1.3 REGISTRATION OF FEED ADDITIVES
           7.1.4 PACKAGING OF FEED ADDITIVES
           7.1.5 LABELING OF FEED ADDITIVES
           7.1.6 MANUFACTURE AND SALE OF FEED ADDITIVES
           7.1.7 IMPORT OF FEED ADDITIVES
           7.1.8 REEVALUATION OF FEED ADDITIVES
    7.2 REGULATORY FRAMEWORK, COUNTRY-WISE
           7.2.1 US
                    7.2.1.1 Labeling
                    7.2.1.2 Association of American Feed Control Officials (AAFCO)
           7.2.2 CANADA
                    7.2.2.1 Legal authorities
           7.2.3 BRAZIL
           7.2.4 CHINA
           7.2.5 THE EUROPEAN UNION
           7.2.6 JAPAN
           7.2.7 SOUTH AFRICA

8 FEED ADDITIVES MARKET, BY TYPE (Page No. - 115)
    8.1 INTRODUCTION
        FIGURE 40 FEED ADDITIVES MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION)
        TABLE 13 MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2017–2020 (USD MILLION)
        TABLE 14 MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2021–2026 (USD MILLION)
        TABLE 15 MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2017–2020 (KT)
        TABLE 16 MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2021–2026 (KT)
           8.1.1 COVID-19 IMPACT ON THE FEED ADDITIVES MARKET, BY TYPE
                    8.1.1.1 Optimistic scenario
                            TABLE 17 OPTIMISTIC SCENARIO: FEED ADDITIVES MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION)
                    8.1.1.2 Realistic scenario
                            TABLE 18 REALISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2018–2021 (USD MILLION)
                    8.1.1.3 Pessimistic scenario
                            TABLE 19 PESSIMISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2018–2021 (USD MILLION)
    8.2 AMINO ACIDS
           8.2.1 LYSINE
                    8.2.1.1 Relatively high value and digestibility of lysine is projected to drive the market
           8.2.2 METHIONINE
                    8.2.2.1 Essential amino acid for all livestock
           8.2.3 THREONINE
                    8.2.3.1 Enhances the protein synthesis and promote the growth of the livestock
           8.2.4 TRYPTOPHAN
                    8.2.4.1 Monitors the appetite, sleep, and synthesis of serotonin, besides protein synthesis
                            TABLE 20 FEED AMINO ACIDS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 21 FEED AMINO ACIDS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                            TABLE 22 FEED AMINO ACIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 23 FEED AMINO ACIDS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.3 PHOSPHATES
           8.3.1 MONOCALCIUM PHOSPHATE
                    8.3.1.1 Prevents the abnormal development of bones in livestock
           8.3.2 DICALCIUM PHOSPHATE
                    8.3.2.1 High bioavailability of phosphate such as dicalcium phosphate with low cost of production
           8.3.3 MON0-DICALCIUM PHOSPHATE
                    8.3.3.1 Widely used for young livestock as it enhances the taste of feed and helps in improving feed intake
           8.3.4 DEFLUORINATED PHOSPHATE
                    8.3.4.1 Good source of calcium, phosphorus, and sodium
           8.3.5 TRICALCIUM PHOSPHATE
                    8.3.5.1 Essential for growth and development of livestock
           8.3.6 OTHER PHOSPHATES
                 TABLE 24 FEED PHOSPHATES MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 25 FEED PHOSPHATES MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                 TABLE 26 FEED PHOSPHATES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 27 FEED PHOSPHATES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.4 VITAMINS
           8.4.1 FAT-SOLUBLE VITAMINS
                    8.4.1.1 Rise in importance of vitamins as a key constituent for metabolic functions of livestock
           8.4.2 WATER-SOLUBLE VITAMINS
                    8.4.2.1 Help in the optimum growth and development of the livestock
                            TABLE 28 FEED VITAMINS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 29 FEED VITAMINS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                            TABLE 30 FEED VITAMINS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 31 FEED VITAMINS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.5 ACIDIFIERS
           8.5.1 PROPIONIC ACID
                    8.5.1.1 Improves silage production and provides aerobic stability in silages
           8.5.2 FORMIC ACID
                    8.5.2.1 Helps in feed preservation
           8.5.3 CITRIC ACID
                    8.5.3.1 Helps enhance immunity against Newcastle disease in vaccinated broilers
           8.5.4 LACTIC ACID
                    8.5.4.1 Used to improve animal health and productivity
           8.5.5 SORBIC ACID
                    8.5.5.1 Helps preserve the feed from microbial agents
           8.5.6 MALIC ACID
                    8.5.6.1 Widely used as a preservative and acidity regulator for pet food
           8.5.7 ACETIC ACID
                    8.5.7.1 Controls mold and reduces bacterial growth in feed
           8.5.8 OTHER ACIDIFIERS
                 TABLE 32 FEED ACIDIFIERS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 33 FEED ACIDIFIERS MARKET SIZE, BY SUBTYPE 2021–2026 (USD MILLION)
                 TABLE 34 FEED ACIDIFIERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 35 FEED ACIDIFIERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.6 CAROTENOIDS
           8.6.1 ASTAXANTHIN
                    8.6.1.1 Health benefits of astaxanthin are projected to drive the growth
           8.6.2 CANTHAXANTHIN
                    8.6.2.1 Improves the consistency of the color of poultry egg and chicken meat
           8.6.3 LUTEIN
                    8.6.3.1 Preferred as a naturally occurring carotenoid
           8.6.4 BETA-CAROTENE
                    8.6.4.1 Improves the reproductive performance of ruminants and protects against oxidative stress
                            TABLE 36 FEED CAROTENOIDS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 37 FEED CAROTENOIDS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                            TABLE 38 FEED CAROTENOIDS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 39 FEED CAROTENOIDS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.7 ENZYMES
           8.7.1 PHYTASES
                    8.7.1.1 Low cost and increasing nutritional benefits
           8.7.2 CARBOHYDRASES
                    8.7.2.1 Xylanase and amylase—major types of carbohydrase used in feed enzymes
           8.7.3 PROTEASES
                    8.7.3.1 Help in reducing the dietary protein levels of livestock
           8.7.4 OTHER ENZYMES
                 TABLE 40 FEED ENZYMES MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 41 FEED ENZYMES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                 TABLE 42 FEED ENZYMES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 43 FEED ENZYMES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.8 MYCOTOXIN DETOXIFIERS
           8.8.1 BINDERS
                    8.8.1.1 Helps extend shelf life and easily available
           8.8.2 MODIFIERS
                    8.8.2.1 Helps in converting mycotoxins into less toxic compounds
                            TABLE 44 FEED MYCOTOXIN DETOXIFIERS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 45 FEED MYCOTOXIN DETOXIFIERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                            TABLE 46 FEED MYCOTOXIN DETOXIFIERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 47 FEED MYCOTOXIN DETOXIFIERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.9 FLAVORS & SWEETENERS
           8.9.1 FLAVORS
                    8.9.1.1 Growth in focus on increasing the feed palatability
           8.9.2 SWEETENERS
                    8.9.2.1 Used to mask the undesired taste of feed
                            TABLE 48 FEED FLAVORS & SWEETENERS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 49 FEED FLAVORS & SWEETENERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                            TABLE 50 FEED FLAVORS & SWEETENERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 51 FEED FLAVORS & SWEETENERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.10 ANTIBIOTICS
           8.10.1 TETRACYCLINE
                    8.10.1.1 Used to cure several bacterial infections
           8.10.2 PENICILLIN
                    8.10.2.1 Helps to improve egg production and egg hatchability
           8.10.3 OTHER ANTIBIOTICS
                 TABLE 52 FEED ANTIBIOTICS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 53 FEED ANTIBIOTICS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                 TABLE 54 FEED ANTIBIOTICS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 55 FEED ANTIBIOTICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.11 MINERALS
           8.11.1 POTASSIUM
                    8.11.1.1 Helps regulate the metabolism of protein and carbohydrates
           8.11.2 CALCIUM
                    8.11.2.1 Helps in strengthening bones and improves eggshell quality
           8.11.3 PHOSPHORUS
                    8.11.3.1 Plays an important role in the high rate of egg production
           8.11.4 MAGNESIUM
                    8.11.4.1 Helps ruminants maintain optimum pH in the rumen
           8.11.5 SODIUM
                    8.11.5.1 Lack of sodium results in muscle cramps, harsh coat, and reduced appetite in livestock
           8.11.6 IRON
                    8.11.6.1 Deficiency can lead to reduced feed intake, impaired immune system, and low fertility in livestock
           8.11.7 ZINC
                    8.11.7.1 Helps in the growth of hair, skin cells, and hoof health
           8.11.8 COPPER
                    8.11.8.1 Added to swine and poultry feed to enhance health and growth
           8.11.9 MANGANESE
                    8.11.9.1 Vital for the development of eggshell formation in poultry
          8.11.10 OTHER MINERALS
                  TABLE 56 FEED MINERALS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                  TABLE 57 FEED MINERALS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                  TABLE 58 FEED MINERALS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                  TABLE 59 FEED MINERALS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.12 ANTIOXIDANTS
           8.12.1 SYNTHETIC
                    8.12.1.1 BHT protects the fat-soluble vitamins against oxidative degradation and loss of active ingredients in feed
           8.12.2 NATURAL
                    8.12.2.1 Fewer side effects than synthetic antioxidants
                            TABLE 60 FEED ANTIOXIDANTS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 61 FEED ANTIOXIDANTS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                            TABLE 62 FEED ANTIOXIDANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 63 FEED ANTIOXIDANTS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.13 NON-PROTEIN NITROGEN
           8.13.1 UREA
                    8.13.1.1 Increase in demand for cattle feed as it is inexpensive and easily available
           8.13.2 AMMONIA
                    8.13.2.1 Helps digestibility and increases feed intake
           8.13.3 OTHER NON-PROTEIN NITROGEN ADDITIVES
                 TABLE 64 FEED NON-PROTEIN NITROGEN MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 65 FEED NON-PROTEIN NITROGEN MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                 TABLE 66 FEED NON-PROTEIN NITROGEN MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 67 FEED NON-PROTEIN NITROGEN MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.14 PRESERVATIVES
           8.14.1 MOLD INHIBITORS
                    8.14.1.1 Extend the shelf-life of the feed
           8.14.2 ANTICAKING AGENTS
                    8.14.2.1 Prevent the accumulation of feed nutrients
                            TABLE 68 FEED PRESERVATIVES MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                            TABLE 69 FEED PRESERVATIVES MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                            TABLE 70 FEED PRESERVATIVES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 71 FEED PRESERVATIVES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.15 PHYTOGENICS
           8.15.1 ESSENTIAL OILS
                    8.15.1.1 Improve the gut health and aid in healthy digestion in poultry
           8.15.2 FLAVONOIDS
                    8.15.2.1 Flavonoids help in improving the gut health and control heart stress of livestock
           8.15.3 SAPONINS
                    8.15.3.1 Saponins improve animal performance by suppressing intestinal and ruminal ammonia production
           8.15.4 OLEORESINS
                    8.15.4.1 Consumption is growing rapidly as they impart color, flavor, and aroma to livestock feed
           8.15.5 OTHER PHYTOGENICS
                 TABLE 72 FEED PHYOTOGENICS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 73 FEED PHYTOGENICS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                 TABLE 74 FEED PHYTOGENICS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 75 FEED PHYTOGENICS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.16 PROBIOTICS
           8.16.1 LACTOBACILLI
                    8.16.1.1 Potential to replace antibiotic growth promoters
           8.16.2 BIFIDOBACTERIA
                    8.16.2.1 Primary groups of bacteria found in adult livestock
           8.16.3 STREPTOCOCCUS THERMOPHILUS
                    8.16.3.1 Low usage in the feed industry
           8.16.4 YEAST
                    8.16.4.1 Helps in increased production of milk in dairy cattle
                             TABLE 76 FEED PROBIOTICS MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                             TABLE 77 FEED PROBIOTICS MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                             TABLE 78 FEED PROBIOTICS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                             TABLE 79 FEED PROBIOTICS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)

9 FEED ADDITIVES MARKET, BY LIVESTOCK (Page No. - 159)
    9.1 INTRODUCTION
        FIGURE 41 FEED ADDITIVES MARKET SHARE (VALUE), BY LIVESTOCK, 2021 VS. 2026
        TABLE 80 MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2017–2020 (USD MILLION)
        TABLE 81 MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2021–2026 (USD MILLION)
           9.1.1 COVID-19 IMPACT ON THE FEED ADDITIVE MARKET, BY LIVESTOCK
                    9.1.1.1 Optimistic scenario
                            TABLE 82 OPTIMISTIC SCENARIO: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2018–2021 (USD MILLION)
                    9.1.1.2 Realistic scenario
                            TABLE 83 REALISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2018–2021 (USD MILLION)
                    9.1.1.3 Pessimistic scenario
                            TABLE 84 PESSIMISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2018–2021 (USD MILLION)
    9.2 POULTRY
           9.2.1 INCREASING CONSUMPTION OF CHICKEN AND EGGS TO ENCOURAGE POULTRY FARMING
           9.2.2 BROILERS
           9.2.3 LAYERS
           9.2.4 BREEDERS
                 TABLE 85 POULTRY FEED ADDITIVES MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 86 POULTRY FEED ADDITIVE MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                 TABLE 87 POULTRY FEED ADDITIVE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 88 POULTRY FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 RUMINANTS
           9.3.1 RISE IN DEMAND FOR DAIRY PRODUCTS AND BEEF TO INCREASE THE USE OF ADDITIVES IN RUMINANT FEED
           9.3.2 CALVES
           9.3.3 DAIRY CATTLE
           9.3.4 BEEF CATTLE
           9.3.5 OTHER RUMINANTS
                 TABLE 89 RUMINANT FEED ADDITIVES MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                 TABLE 90 RUMINANT FEED ADDITIVE MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                 TABLE 91 RUMINANT FEED ADDITIVE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 92 RUMINANT FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.4 SWINE
           9.4.1 RISE IN CONSUMPTION OF PORK TO DRIVE THE SWINE FEED ADDITIVES MARKET
           9.4.2 STARTERS
           9.4.3 GROWERS
           9.4.4 SOWS
                 TABLE 93 SWINE FEED ADDITIVES MARKET SIZE, BY SUBTYPE, 2017–2020 (USD MILLION)
                 TABLE 94 SWINE FEED ADDITIVE MARKET SIZE, BY SUBTYPE, 2021–2026 (USD MILLION)
                 TABLE 95 SWINE FEED ADDITIVE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 96 SWINE FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.5 AQUATIC ANIMALS
           9.5.1 GROWTH IN CONSUMPTION OF SEAFOOD DRIVES THE MARKET FOR AQUATIC FEED ADDITIVES
                 TABLE 97 AQUAFEED ADDITIVE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 98 AQUAFEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.6 OTHER LIVESTOCK
        TABLE 99 OTHER LIVESTOCK FEED ADDITIVES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
        TABLE 100 OTHER LIVESTOCK FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 FEED ADDITIVES MARKET, BY FORM (Page No. - 172)
     10.1 INTRODUCTION
          FIGURE 42 FEED ADDITIVES MARKET SHARE (VALUE), BY FORM, 2021 VS. 2026
          TABLE 101 FEED ADDITIVE MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
          TABLE 102 FEED ADDITIVE MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
             10.1.1 COVID-19 IMPACT ON THE FEED ADDITIVE MARKET, BY FORM
                        10.1.1.1 Optimistic scenario
                                 TABLE 103 OPTIMISTIC SCENARIO: FEED ADDITIVES MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)
                        10.1.1.2 Realistic scenario
                                 TABLE 104 REALISTIC SCENARIO: FEED ADDITIVE MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)
                        10.1.1.3 Pessimistic scenario
                                 TABLE 105 PESSIMISTIC SCENARIO: FEED ADDITIVE MARKET SIZE, BY FORM, 2018–2021 (USD MILLION)
     10.2 DRY
             10.2.1 EASE OF MIXING, STORAGE, AND HANDLING TO DRIVE THE MARKET FOR DRY FORM OF FEED ADDITIVES
                    TABLE 106 DRY FEED ADDITIVES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 107 DRY FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.3 LIQUID
             10.3.1 UNIFORMITY AND MORE ACCURATE DOSING OF LIQUID FEED ADDITIVES LIKELY TO PROPEL THE MARKET
                    TABLE 108 LIQUID FEED ADDITIVES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 109 LIQUID FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

11 FEED ADDITIVES MARKET, BY SOURCE (Page No. - 177)
     11.1 INTRODUCTION
          FIGURE 43 FEED ADDITIVES MARKET SHARE (VALUE), BY SOURCE, 2021 VS. 2026
          TABLE 110 MARKET SIZE FOR FEED ADDITIVES, BY SOURCE, 2017–2020 (USD MILLION)
          TABLE 111 MARKET SIZE FOR FEED ADDITIVES, BY SOURCE, 2021–2026 (USD MILLION)
             11.1.1 COVID-19 IMPACT ON THE FEED ADDITIVES MARKET, BY SOURCE
                        11.1.1.1 Optimistic scenario
                                 TABLE 112 OPTIMISTIC SCENARIO: FEED ADDITIVES MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION)
                        11.1.1.2 Realistic scenario
                                 TABLE 113 REALISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY SOURCE, 2018–2021 (USD MILLION)
                        11.1.1.3 Pessimistic scenario
                                 TABLE 114 PESSIMISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY SOURCE, 2018–2021 (USD MILLION)
     11.2 SYNTHETIC
             11.2.1 LOW COST OF PRODUCTION AND HIGH STABILITY IS PROJECTED TO PROPEL THE GROWTH OF SYNTHETIC FEED ADDITIVES
                    TABLE 115 SYNTHETIC FEED ADDITIVES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 116 SYNTHETIC FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.3 NATURAL
             11.3.1 INCREASE IN DEMAND FOR NATURAL FEED IS LIKELY TO ENHANCE THE MARKET FOR NATURAL FEED ADDITIVES
                    TABLE 117 NATURAL FEED ADDITIVES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 118 NATURAL FEED ADDITIVE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

12 FEED ADDITIVES MARKET, BY REGION (Page No. - 183)
     12.1 INTRODUCTION
          FIGURE 44 FEED ADDITIVES MARKET SHARE (VALUE), BY KEY COUNTRY, 2020
          TABLE 119 MARKET SIZE FOR FEED ADDITIVES, BY REGION, 2017–2020 (USD MILLION)
          TABLE 120 MARKET SIZE FOR FEED ADDITIVES, BY REGION, 2021–2026 (USD MILLION)
          TABLE 121 MARKET SIZE FOR FEED ADDITIVES, BY REGION, 2017–2020 (KT)
          TABLE 122 MARKET SIZE FOR FEED ADDITIVES, BY REGION, 2021–2026 (KT)
             12.1.1 COVID-19 IMPACT ON THE FEED ADDITIVES MARKET, BY REGION
                        12.1.1.1 Optimistic Scenario
                                 TABLE 123 OPTIMISTIC SCENARIO: FEED ADDITIVES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                        12.1.1.2 Realistic Scenario
                                 TABLE 124 REALISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY REGION, 2018–2021 (USD MILLION)
                        12.1.1.3 Pessimistic Scenario
                                 TABLE 125 PESSIMISTIC SCENARIO: MARKET SIZE FOR FEED ADDITIVES, BY REGION, 2018–2021 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 45 NORTH AMERICA: FEED ADDITIVES MARKET SNAPSHOT, 2020
          TABLE 126 NORTH AMERICA: MARKET SIZE FOR FEED ADDITIVES, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 127 NORTH AMERICA: MARKET SIZE FOR FEED ADDITIVES, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 128 NORTH AMERICA: MARKET SIZE FOR FEED ADDITIVES, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 129 NORTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 130 NORTH AMERICA: MARKET SIZE, BY TYPE, 2017–2020 (KT)
          TABLE 131 NORTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (KT)
          TABLE 132 NORTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
          TABLE 133 NORTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
          TABLE 134 NORTH AMERICA: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
          TABLE 135 NORTH AMERICA: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
          TABLE 136 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
          TABLE 137 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Largest share in the North American market in 2020
                                 TABLE 138 US: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 139 US: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.2.2 CANADA
                        12.2.2.1 Increase in demand for meat and the lenient regulations pertaining to the use of growth promoters in the country
                                 TABLE 140 CANADA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 141 CANADA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.2.3 MEXICO
                        12.2.3.1 Support from government programs and rise in livestock production to drive feed additive consumption in Mexico
                                 TABLE 142 MEXICO: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 143 MEXICO: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
     12.3 EUROPE
          TABLE 144 EUROPE: FEED ADDITIVES MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 145 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 146 EUROPE: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 147 EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 148 EUROPE: MARKET SIZE, BY TYPE, 2017–2020 (KT)
          TABLE 149 EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (KT)
          TABLE 150 EUROPE: MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
          TABLE 151 EUROPE: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
          TABLE 152 EUROPE: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
          TABLE 153 EUROPE: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
          TABLE 154 EUROPE: MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
          TABLE 155 EUROPE: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
             12.3.1 SPAIN
                        12.3.1.1 Increased production efficiencies in dairy to boost the demand for livestock feed additives
                                 TABLE 156 SPAIN: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 157 SPAIN: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.3.2 RUSSIA
                        12.3.2.1 The Russian meat industry has witnessed significant growth in recent years
                                 TABLE 158 RUSSIA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 159 RUSSIA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.3.3 GERMANY
                        12.3.3.1 Modernization of the livestock industry resulted in the use of scientific methods for livestock production
                                 TABLE 160 GERMANY: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 161 GERMANY: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.3.4 FRANCE
                        12.3.4.1 Domestic demand for meat products plays an important role in the rising demand for essential additives in livestock feed
                                 TABLE 162 FRANCE: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 163 FRANCE: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.3.5 ITALY
                        12.3.5.1 Italy accounted for the fifth-largest share for feed additives in the region
                                 TABLE 164 ITALY: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 165 ITALY: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.3.6 UK
                        12.3.6.1 Production expansion by dairy co-operatives is expected to support the demand for animal feed additives in the forecast period
                                 TABLE 166 UK: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 167 UK: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.3.7 REST OF EUROPE
                    TABLE 168 REST OF EUROPE: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                    TABLE 169 REST OF EUROPE:  MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
     12.4 ASIA PACIFIC
          FIGURE 46 ASIA PACIFIC: FEED ADDITIVES MARKET SNAPSHOT
          TABLE 170 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 171 ASIA PACIFIC:MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 172 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 173 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 174 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2017–2020 (KT)
          TABLE 175 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2021–2026 (KT)
          TABLE 176 ASIA PACIFIC: MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
          TABLE 177 ASIA PACIFIC: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
          TABLE 178 ASIA PACIFIC: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
          TABLE 179 ASIA PACIFIC: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
          TABLE 180 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
          TABLE 181 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Advancements in the feed industry of the country are expected to create a demand for superior-quality feed
                                 TABLE 182 CHINA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 183 CHINA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.4.2 INDIA
                        12.4.2.1 Availability of raw materials and a major destination for foreign companies
                                 TABLE 184 INDIA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 185 INDIA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.4.3 JAPAN
                        12.4.3.1 Stabilization in feed prices to drive the adoption of feed additives
                                 TABLE 186 JAPAN: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 187 JAPAN: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.4.4 THAILAND
                        12.4.4.1 Opportunities in the poultry industry
                                 TABLE 188 THAILAND: MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2016–2020 (USD MILLION)
                                 TABLE 189 THAILAND: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.4.5 INDONESIA
                        12.4.5.1 Increase in feed production to have a proportional impact on the consumption of feed additives
                                 TABLE 190 INDONESIA: MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 191 INDONESIA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.4.6 REST OF ASIA PACIFIC
                    TABLE 192 REST OF ASIA PACIFIC: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                    TABLE 193 REST OF ASIA PACIFIC: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
     12.5 SOUTH AMERICA
          TABLE 194 SOUTH AMERICA: FEED ADDITIVES MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 195 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 196 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 197 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 198 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2017–2020 (KT)
          TABLE 199 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2021–2026 (KT)
          TABLE 200 SOUTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
          TABLE 201 SOUTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
          TABLE 202 SOUTH AMERICA: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
          TABLE 203 SOUTH AMERICA: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
          TABLE 204 SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
          TABLE 205 SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
             12.5.1 BRAZIL
                        12.5.1.1 Animal husbandry is one of the main industries in Brazilian agriculture
                                 TABLE 206 BRAZIL: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 207 BRAZIL: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.5.2 ARGENTINA
                        12.5.2.1 Increase in the modernization of the meat processing and dairy industries
                                 TABLE 208 ARGENTINA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 209 ARGENTINA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.5.3 REST OF SOUTH AMERICA
                    TABLE 210 REST OF SOUTH AMERICA: MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2017–2020 (USD MILLION)
                    TABLE 211 REST OF SOUTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
     12.6 REST OF THE WORLD (ROW)
          TABLE 212 ROW: FEED ADDITIVES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 213 ROW: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
          TABLE 214 ROW: MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 215 ROW: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 216 ROW: MARKET SIZE, BY TYPE, 2017–2020 (KT)
          TABLE 217 ROW: MARKET SIZE, BY TYPE, 2021–2026 (KT)
          TABLE 218 ROW: MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
          TABLE 219 ROW: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
          TABLE 220 ROW: MARKET SIZE, BY FORM, 2017–2020 (USD MILLION)
          TABLE 221 ROW: MARKET SIZE, BY FORM, 2021–2026 (USD MILLION)
          TABLE 222 ROW: MARKET SIZE, BY SOURCE, 2017–2020 (USD MILLION)
          TABLE 223 ROW: MARKET SIZE, BY SOURCE, 2021–2026 (USD MILLION)
             12.6.1 MIDDLE EAST
                        12.6.1.1 Increase in meat consumption and production and rise in livestock disease outbreaks
                                 TABLE 224 MIDDLE EAST: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 225 MIDDLE EAST: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)
             12.6.2 AFRICA
                        12.6.2.1 Presence of a substantial livestock population
                                 TABLE 226 AFRICA: MARKET SIZE FOR FEED ADDITIVES, BY LIVESTOCK, 2017–2020 (USD MILLION)
                                 TABLE 227 AFRICA: MARKET SIZE, BY LIVESTOCK, 2021–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 245)
     13.1 OVERVIEW
     13.2 MARKET SHARE ANALYSIS, 2020
          TABLE 228 FEED ADDITIVES MARKET: DEGREE OF COMPETITION
     13.3 REVENUE ANALYSIS OF KEY PLAYERS
          FIGURE 47 OVERALL REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET, 2018–2020 (USD BILLION)
     13.4 COVID-19- SPECIFIC COMPANY RESPONSE
     13.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
             13.5.1 STARS
             13.5.2 PERVASIVE PLAYERS
             13.5.3 EMERGING LEADERS
             13.5.4 PARTICIPANTS
                    FIGURE 48 FEED ADDITIVES MARKET, COMPANY EVALUATION QUADRANT, 2020 (OVERALL MARKET)
             13.5.5 PRODUCT FOOTPRINT
                    TABLE 229 COMPANY FOOTPRINT, BY TYPE
                    TABLE 230 COMPANY FOOTPRINT, BY LIVESTOCK
                    TABLE 231 COMPANY FOOTPRINT, BY SOURCE
                    TABLE 232 COMPANY FOOTPRINT, BY FORM
                    TABLE 233 COMPANY FOOTPRINT, BY REGION
                    TABLE 234 OVERALL COMPANY FOOTPRINT
     13.6 FEED ADDITIVES MARKET, START-UP/SME EVALUATION QUADRANT, 2020
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 STARTING BLOCKS
             13.6.3 RESPONSIVE COMPANIES
             13.6.4 DYNAMIC COMPANIES
                    FIGURE 49 FEED ADDITIVE MARKET: COMPANY EVALUATION QUADRANT, 2020 (START-UP/SMES)
     13.7 NEW PRODUCT LAUNCHES AND DEALS
             13.7.1 NEW PRODUCT LAUNCHES
                    TABLE 235 FEED ADDITIVE MARKET: NEW PRODUCT LAUNCHES, JUNE 2020–FEBRUARY 2021
             13.7.2 DEALS
                    TABLE 236 FEED ADDITIVE MARKET: DEALS, MARCH 2020–FEBRUARY 2021
             13.7.3 OTHER DEVELOPMENTS
                    TABLE 237 FEED ADDITIVE MARKET: OTHERS, JUNE 2019–NOVEMBER 2020

14 COMPANY PROFILES (Page No. - 257)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 KEY PLAYERS
             14.1.1 CARGILL
                    TABLE 238 CARGILL: BUSINESS OVERVIEW
                    FIGURE 50 CARGILL: COMPANY SNAPSHOT
                    TABLE 239 CARGILL: PRODUCTS OFFERED
                    TABLE 240 CARGILL: NEW PRODUCT LAUNCHES
                    TABLE 241 CARGILL: DEALS
                    TABLE 242 CARGILL: OTHER DEVELOPMENTS
             14.1.2 ADM
                    TABLE 243 ADM: BUSINESS OVERVIEW
                    FIGURE 51 ADM: COMPANY SNAPSHOT
                    TABLE 244 ADM: PRODUCTS OFFERED
                    TABLE 245 ADM: NEW PRODUCT LAUNCHES
                    TABLE 246 ADM: DEALS
                    TABLE 247 ADM: OTHERS
             14.1.3 DUPONT
                    TABLE 248 DUPONT: BUSINESS OVERVIEW
                    FIGURE 52 DUPONT: COMPANY SNAPSHOT
                    TABLE 249 DUPONT: PRODUCTS OFFERED
                    TABLE 250 DUPONT: NEW PRODUCT LAUNCHES
                    TABLE 251 DUPONT: DEALS
             14.1.4 EVONIK
                    TABLE 252 EVONIK: BUSINESS OVERVIEW
                    FIGURE 53 EVONIK: COMPANY SNAPSHOT
                    TABLE 253 EVONIK: PRODUCTS OFFERED
                    TABLE 254 EVONIK: NEW PRODUCT LAUNCHES
                    TABLE 255 EVONIK: DEALS
                    TABLE 256 EVONIK: OTHER DEVELOPMENTS
             14.1.5 BASF
                    TABLE 257 BASF: BUSINESS OVERVIEW
                    FIGURE 54 BASF: COMPANY SNAPSHOT
                    TABLE 258 BASF: PRODUCTS OFFERED
                    TABLE 259 BASF: NEW PRODUCT LAUNCHES
             14.1.6 DSM
                    TABLE 260 DSM: BUSINESS OVERVIEW
                    FIGURE 55 DSM: COMPANY SNAPSHOT
                    TABLE 261 DSM: PRODUCTS OFFERED
                    TABLE 262 DSM: NEW PRODUCT LAUNCHES
                    TABLE 263 DSM: DEALS
                    TABLE 264 DSM: OTHER DEVELOPMENT
             14.1.7 AJINOMOTO
                    TABLE 265 AJINOMOTO: BUSINESS OVERVIEW
                    FIGURE 56 AJINOMOTO: COMPANY SNAPSHOT
                    TABLE 266 AJINOMOTO: PRODUCTS OFFERED
             14.1.8 NOVOZYMES
                    TABLE 267 NOVOZYMES: BUSINESS OVERVIEW
                    FIGURE 57 NOVOZYMES: COMPANY SNAPSHOT
                    TABLE 268 NOVOZYMES: PRODUCTS OFFERED
                    TABLE 269 NOVOZYMES: DEALS
                    TABLE 270 NOVOZYMES: OTHER DEVELOPMENTS
             14.1.9 CHR. HANSEN
                    TABLE 271 CHR. HANSEN: BUSINESS OVERVIEW
                    FIGURE 58 CHR. HANSEN: COMPANY SNAPSHOT
                    TABLE 272 CHR. HANSEN: PRODUCTS OFFERED
             14.1.10 TEGASA
                    TABLE 273 TEGASA: BUSINESS OVERVIEW
                    TABLE 274 TEGASA: PRODUCTS OFFERED
     14.2 START-UPS/SMES
          TABLE 275 NUTRECO: BUSINESS OVERVIEW
          TABLE 276 NUTRECO: PRODUCTS OFFERED
             14.2.2 KEMIN INDUSTRIES INC.
                    TABLE 277 KEMIN INDUSTRIES INC.: BUSINESS OVERVIEW
                    TABLE 278 KEMIN INDUSTRIES INC.: PRODUCTS OFFERED
                    TABLE 279 KEMIN INDUSTRIES INC.: NEW PRODUCT LAUNCHES
                    TABLE 280 KEMIN INDUSTRIES INC.: DEALS
                    TABLE 281 KEMIN INDUSTRIES INC.: OTHER DEVELOPMENTS
             14.2.3 ADISSEO
                    TABLE 282 ADISSEO OVERVIEW
                    TABLE 283 ADISSEO: PRODUCTS OFFERED
                    TABLE 284 ADISSEO: DEALS
                    TABLE 285 ADISSEO: OTHERS
             14.2.4 ALLTECH
                    TABLE 286 ALLTECH: BUSINESS OVERVIEW
                    TABLE 287 ALLTECH: PRODUCTS OFFERED
                    TABLE 288 ALLTECH: NEW PRODUCT LAUNCHES
                    TABLE 289 ALLTECH: DEALS
                    TABLE 290 ALLTECH: OTHER DEVELOPMENTS
             14.2.5 PALITAL FEED ADDITIVES B.V
             14.2.6 GLOBAL NUTRITION INTERNATIONAL
             14.2.7 CENTAFARM SRL
             14.2.8 BENTOLI
             14.2.9 NUQO FEED ADDITIVES
             14.2.10 NOVUS INTERNATIONAL, INC.
     14.3 LONG LIST OF COMPANIES

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 ADJACENT AND RELATED MARKETS (Page No. - 317)
     15.1 INTRODUCTION
          TABLE 291 ADJACENT MARKETS TO FEED ADDITIVES
     15.2 LIMITATIONS
     15.3 PHYTOGENIC FEED ADDITIVES
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                    TABLE 292 PHYTOGENIC FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION)
     15.4 FEED ENZYMES MARKET
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
                    TABLE 293 FEED ENZYMES MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION)

16 APPENDIX (Page No. - 320)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the feed additives market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of global and regional animal husbandry companies, large-scale ranches and poultries, and government & research organizations. The supply side is characterized by the presence of feed additive manufacturers, feed additive distributors, marketing directors, research officers and quality control officers, and key executives from various key companies and organizations operating in the feed additive market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Given below is the breakdown of the primary respondents.

Feed Additives Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the feed additive market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size include the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the feed additives market, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points matches, the data is assumed to be correct.

Report Objectives

  • To describe and forecast the feed additive market, in terms of type, livestock, form, source, and region
  • To describe and forecast the feed additive market, in terms of value, by region–North America, Europe, Asia Pacific, South America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the feed additive market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the feed additive market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
  • To analyze strategic approaches, such as expansions & investments, product launches & approvals, mergers & acquisitions, and agreements, in the feed additive market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific feed additive market, by key country
  • Further breakdown of the Rest of European feed additive market, by key country

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Feed Additives Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Feed Additives Market

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Published ON
May, 2021
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