Feed Additives Market

Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2023

Report Code: AGI 2286 Feb, 2019, by marketsandmarkets.com

[218 Pages Report] The market for feed additives is projected to grow from USD 33.0 billion in 2018 to USD 44.3 billion by 2023, at a CAGR of 6.1% during the forecast period. This is attributed to the growth in the feed production and technological innovations and the adoption of advanced animal husbandry practices. Moreover, the increase in the demand and consumption of livestock-based products and the rising focus on livestock growth and welfare, together with the emphasis on standardization of meat products, is driving the global demand for feed additives.

Animal Feed Additives Market

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Market Dynamics

Increase in demand and consumption of livestock-based products driving the feed additives market

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. According to FAO data, it has been stated that the global meat production is projected to be 16% higher by 2025. 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. According to FAO statistics, it has been stated that the production of poultry meat reached 120.5 million tonnes in 2017, whereas swine meat recorded 118.7 million tonnes, bovine meat recorded 70.8 million tonnes, and ovine meat recorded 14.9 million tonnes. 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

Major restraint for manufacturers that offer antibiotics-based feed additives

Antibiotics have been used in feed for decades; however, in 2006, the European Union (EU) banned the use of antibiotics in feed as growth promoters, as microbes developed resistance to antibiotics, which are used to treat human and animal infections. Following the ban by the EU, the use of antibiotics has declined in many countries around the globe, especially in countries such as China, India, and the US due to their overexploitation or misuse.

Restriction on the use of antibiotics, as a growth promoter in feed, in many countries, forced companies to stop using antibiotics in feed additives. This acts as a major restraint for manufacturers that offer antibiotics-based feed additives

Increase in demand for nutritional supplements for monogastric animals as an opportunity for the growth of feed additive market

As monogastric animals cannot synthesize vitamin B complex compounds within their body, as compared to ruminants, there is a considerable demand for vitamin and mineral supplements in this sector. Key players are establishing their market presence in the poultry and swine sectors due to the organized development of these sectors. These sectors are witnessing better growth in the developing markets of the Asia Pacific and South American regions. Globally, Asia Pacific ranked first in feed production in 2017, according to the Alltech Global Feed Survey results. China is a global leader in the compound feed market that witnessed an annual volume production of over 187 million tons in the year 2017, according to the 2018 Alltech Global Feed Survey results. Due to the increase in the demand for compound feed in these regions, there has been a considerable demand for additives in these developing markets.

Sustainability of feed and livestock chain posing a challenge to the feed additive market

The global feed addictive 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. Use of co-products from other processing industries can reduce the pressure on land-grown crops.

Some requirements of an efficient feed and livestock chain are:

  • Access to safe and cost-effective feed and services
  • Clear and transparent legislative framework
  • Improved image (animal welfare, quality, and safety of animal products)
  • Innovating approaches to mitigate the environmental impact of production systems
  • Continuously improving working conditions
  • Bringing innovative science to the marketplace

Global organizations such as the International Feed Industry Federation (IFIF) have developed a number of strategic initiatives to measure and benchmark the environmental performance of the livestock production chain. IFIF is a founding member of the Global Feed LCA Institute (GFLI), which will use the FAO LEAP methodology to develop a global standard for assessing and benchmarking the impact of the feed industry to support the reduction of the environmental footprint of livestock products.

By type, the mineral segment is projected to account for the largest market share during the forecast period, by volume

Based on type, the feed additives market is estimated to be dominated by the mineral segment, in 2018, by volume. Minerals are essential for sustaining and improving the health of the livestock. They increase the feed intake of livestock, help in increasing production, and enhance the composition of milk. The requirement of minerals in livestock is dependent on various factors such as the age of the livestock, stage of production, and the forage mineral content. Hence, a proper understanding of the need for minerals is required to feed the right quantity of minerals to the livestock.

The dry segment is projected to witness a faster growth in the feed additives market during the forecast period

Based on form, the dry form segment is projected to be the faster-growing segment during the forecast period. The dry form has a higher demand among livestock producers, as they are easy to mix with the feed and are easy to store and handle. The mash form is more economical as compared to pellet feed. The pellet form is a modification of the mash form, which is formed by mechanically pressing the mash into hard, dry pellets; resulting in decreased feed wastage and increased nutrient digestibility.

Animal Feed Additives Market

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Asia Pacific is projected to account for the largest market share during the forecast period

The Asia Pacific market accounted for the largest share in the global market. The large market share in this region is attributed to the presence of large livestock population and growth. Furthermore, the 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 are demonstrating constant growth in feed production.

Key Market Players

The major vendors in the global market include Cargill (US), DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark), InVivo (France), Nutreco (Netherlands), Kemin (US), Adisseo (France), and Alltech (US). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past.

Scope of the report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD Million) & Volume (KT)

Segments covered

Type, Livestock, form, source, and Region

Geographies covered

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

Companies covered

Cargill (US), DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Chr. Hansen (Denmark), InVivo (France), Nutreco (Netherlands), Kemin (US), Adisseo (France), and Alltech (US).

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

On the basis of type, the market has been segmented as follows:

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

On the basis of livestock, the market has been segmented as follows:

  • Ruminants
    • Dairy
    • Beef
    • Calf
    • Others (sheep and goats)
  • Poultry
    • Broilers
    • Layers
    • Breeders
  • Swine
    • Starter
    • Sow
    • Grower
  • Aquatic animal
  • Others (equine and pets)

On the basis of form, the market has been segmented as follows:

  • Dry
  • Liquid

On the basis of source, the market has been segmented as follows:

  • Synthetic
  • Natural

On the basis of region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Africa, and the Middle East)

Key questions addressed by the report:

  • Who are the major market players in the feed additives market?
  • What are the regional growth trends and the largest revenue-generating regions for feed additives?
  • Which are the major regions that are projected to witness a significant growth for feed additives?
  • What are the major types of feed additives that are projected to gain maximum market revenue and share during the forecast period?
  • Which is the major type of livestock, where feed additives are used, that will be accounting for the majority of the revenue during the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction 
     1.1 Objectives of the Study 
     1.2 Market Definition 
     1.3 Market Segmentation 
     1.4 Regions Covered 
     1.5 Years Considered for the Study
     1.6 Currency Considered 
     1.7 Volume Unit Considered 
            Table 1 US Dollar Exchange Rates Considered, 2015–2018 
     1.8 Stakeholders 

2 Research Methodology 
     2.1 Research Data 
            Figure 1 Feed Additives Market: 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 
     2.2 Market Size Estimation 
            2.2.1 Bottom-Up Approach 
                     Figure 2 Feed Additives Market: Bottom-Up Approach 
                     Figure 3 Feed Additives Market: Top-Down Approach 
     2.3 Data Triangulation 
            Figure 4 Data Triangulation Methodology 
     2.4 Assumptions for the Study 
     2.5 Limitations of the Study 

3 Executive Summary 
     Table 2 Feed Additives Market Snapshot, 2018 vs. 2023
     Figure 5 Feed Additives Market Size, By Type, 2018 vs. 2023 (USD Million) 
     Figure 6 Feed Additives Market Size, By Livestock, 2018 vs. 2023 (USD Million)
     Figure 7 Feed Additives Market Size, By Form, 2018 vs. 2023 (USD Million)
     Figure 8 Feed Additives Market Share (Value), By Region, 2017 

4 Premium Insights 
     4.1 Attractive Opportunities in the Feed Additives Market 
            Figure 9 Growth in Consumption of Livestock-Based Products to Drive the Market for Feed Additives 
     4.2 Feed Additives Market: Major Regional Submarkets 
            Figure 10 China is Projected to Grow at the Highest Cagr During the Forecast Period 
     4.3 Asia Pacific: Feed Additives Market, By Key Type & Country 
            Figure 11 China Accounted for the Largest Share in the Asia Pacific Market and Amino Acids Dominated in Terms of Type in 2017 
     4.4 Feed Additives Market, By Livestock & Region 
            Figure 12 Asia Pacific to Dominate the Feed Additives Market Across All Types of Livestock Through to 2023 
     4.5 Feed Additives Market, By Type & Region 
            Figure 13 Asia Pacific Dominated in 2017, Specifically in the Probiotics and Non-Protein Nitrogen Markets 
     4.6 Feed Additives Market, By Source 
            Figure 14 the Market for Synthetic Feed Additives is Projected to Grow at A Higher Cagr During the Forecast Period 

5 Market Overview 
     5.1 Introduction 
     5.2 Market Dynamics 
            Figure 15 Feed Additives Market Dynamics 
            5.2.1 Drivers 
                     5.2.1.1 Increase in Demand and Consumption of Livestock-Based Products 
                                Figure 16 Major Meat Producing Regions/Countries (Thousand Tonnes) 
                                Figure 17 Major Bovine Meat Producing Regions/Countries (Thousand Tonnes) 
                                Figure 18 Major Swine Meat Producing Regions/Countries (Thousand Tonnes) 
                                Figure 19 Major Poultry Meat Producing Regions/Countries (Thousand Tonnes) 
                                Figure 20 Livestock-Based Product Consumption, By Commodity, 1967–2030 (Million Tons) 
                     5.2.1.2 Growth in Feed Production 
                                Figure 21 Feed Production Trend, 2013–2017 (Million Tons) 
                                Figure 22 Regional Feed Production Snapshot, 2017 (Million Tons) 
                                Figure 23 Leading Feed Producing Countries, 2017 (Million Tons) 
                     5.2.1.3 Rise in Awareness About Feed Quality 
                     5.2.1.4 Standardization of Meat Products Owing to Disease Outbreaks 
                     5.2.1.5 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 
                     5.2.2.3 Stringent Regulatory Framework 
            5.2.3 Opportunities 
                     5.2.3.1 Shifting Toward Natural Growth Promoters 
                     5.2.3.2 Increase in Demand for Nutritional Supplements for Monogastric Animals 
            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 Value Chain: Feed Additives Market 
            Figure 24 Value Chain: Feed Additives Market 
     5.4 Raw Material Analysis 
            5.4.1 Total Production of Feed Ingredients and Their Usage in Feed 
                     Figure 25 Corn: Total Production and Usage in Feed, 2006–2018 (Kt) 
                     Figure 26 Wheat: Total Production and Usage in Feed, 2006–2018 (Kt) 
                     Figure 27 Barley: Total Production and Usage in Feed, 2006–2018 (Kt) 
                     Figure 28 Sorghum: Total Production and Usage in Feed, 2006–2018 (Kt) 
                     Figure 29 Oats: Total Production and Usage in Feed, 2006–2018 (Kt) 
                     Figure 30 Rye: Total Production and Usage in Feed, 2006–2018 (Kt) 64
                     Figure 31 Millet: Total Production and Usage in Feed, 2006–2018 (Kt) 
            5.4.2 Price Analysis of Feed Raw Materials 
                     Figure 32 Price Analysis of Feed Raw Materials, 2006–2017 (USD/Mt) 

6 Regulatory Framework 
     6.1 Regulations 
            6.1.1 Feed Additives Regulatory Approval From the European Union 
            6.1.2 Time Duration for A Feed Additive in the Register 
            6.1.3 Registration of Feed Additives 
            6.1.4 Packaging of Feed Additives 
            6.1.5 Labeling of Feed Additives 
            6.1.6 Manufacture and Sale of Feed Additives 
            6.1.7 Import of Feed Additives 
            6.1.8 Re-Evaluation of Feed Additives 
    6.2 Regulatory Framework, Country-Wise 
            6.2.1 Brazil 
            6.2.2 China 
            6.2.3 the European Union 
            6.2.4 Japan 
            6.2.5 South Africa 

7 Feed Additives Market, By Type 
     7.1 Introduction 
            Figure 33 Feed Additives Market Share (Value), By Type, 2018 vs. 2023 
            Table 3 Feed Additives Market Share, By Type, 2016-2023 (USD Million) 
            Table 4 Feed Additives Market Size, By Type, 2016–2023 (Kt) 
     7.2 Amino Acids 
            7.2.1 Lysine 
                     7.2.1.1 Relatively High Value and Digestibility of Lysine is Projected to Drive the Market for Amino Acids 
            7.2.2 Methionine 
                     7.2.2.1 Essential Amino Acid for All the Livestock 
            7.2.3 Threonine 
                     7.2.3.1 Enhance the Protein Synthesis and Promote the Growth of the Livestock 
            7.2.4 Tryptophan 
                     7.2.4.1 Monitors the Appetite, Sleep, and Synthesis of Serotonin, Besides Protein Synthesis 
                                Table 5 Amino Acids Market Size, By Subtype, 2016–2023 (USD Million) 
                                Table 6 Amino Acids Market Size, By Region, 2016–2023 (USD Million) 
     7.3 Phosphates 
            7.3.1 Monocalcium Phosphate 
                     7.3.1.1 Prevent the Abnormal Development of Bones in Livestock 
            7.3.2 Dicalcium Phosphate 
                     7.3.2.1 High Bioavailability of Phosphates Such as Dicalcium Phosphate With Low Cost of Production is Driving the Market 
            7.3.3 Mon0-Dicalcium Phosphate 
                     7.3.3.1 It is Widely Used for Young Livestock as It Enhances the Taste of Feed and Helps in Improving Feed Intake 
            7.3.4 Defulorinated Phosphate 
                     7.3.4.1 Good Source of Calcium, Phosphorus, and Sodium 
            7.3.5 Tricalcium Phosphate 
                     7.3.5.1 Essential for the Growth and Development of Livestock 
            7.3.6 Others 
                     Table 7 Phosphate: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                     Table 8 Phosphate: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.4 Vitamins 
            7.4.1 Fat-Soluble 
                     7.4.1.1 Rising Importance of Vitamins as A Key Constituent for Metabolic Functions of Livestock is Projected to Drive the Market 
            7.4.2 Water-Soluble 
                     7.4.2.1 Water-Soluble Vitamins Helps in the Optimum Growth and Development of the Livestock 
                                Table 9 Vitamins: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                                Table 10 Vitamins: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.5 Acidifiers 
            7.5.1 Propionic Acid 
                     7.5.1.1 It Improves Silage Production and Provides Aerobic Stability in Silages 
            7.5.2 Formic Acid 
                     7.5.2.1 It Helps in Preserving Feed 
            7.5.3 Citric Acid 
                     7.5.3.1 Help in Enhancing the Immunity Against New Castle Diseases in Vaccinated Broilers 
            7.5.4 Lactic Acid 
                     7.5.4.1 Improves Animal Health and Productivity 
            7.5.5 Sorbic Acid 
            7.5.6 Malic Acid 
                     7.5.6.1 It is Widely Used as A Preservative and Acidity Regulator for Pet Food 
            7.5.7 Acetic Acid 
                     7.5.7.1 Control Mold and Reduce Bacterial Growth in Feed 
            7.5.8 Others 
                     Table 11 Acidifiers: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                     Table 12 Acidifiers: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.6 Carotenoids 
            7.6.1 Astaxanthin 
                     7.6.1.1 Health Benefits of Astaxanthin is Projected to Drive the Market for Carotenoids 
            7.6.2 Canthaxanthin 
                     7.6.2.1 Improves the Consistent Color of Poulty’s Eggs and Chicken Meat 
            7.6.3 Lutein 
                     7.6.3.1 Naturally Occurring Carotenoid 
            7.6.4 Beta-Carotene 
                     7.6.4.1 Improves the Reproductive Performance of Ruminants, and Protects Them Against Oxidative Stress 
                                Table 13 Carotenoids: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                                Table 14 Carotenoids: Feed Additives Market Size, By Region, 2016–2023 (USD Million)
    7.7 Enzymes 
           7.7.1 Phytase 
                    7.7.1.1 Low Cost and Increasing Nutritional Benefits of Phytase is Projected to Drive the Market for Enzymes in Feed Additive 
           7.7.2 Protease 
                    7.7.2.1 Helps in Reducing the Dietary Protein Levels and Maintaining High Performance of the Livestock 
           7.7.3 Others 
             Table 15 Enzymes: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
             Table 16 Enzymes: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.8 Mycotoxin Detoxifiers 
           7.8.1 Binders 
                    7.8.1.1 Long Shelf Life and Easy Availability of Binders is Projected to Drive the Market 
           7.8.2 Modifiers 
                    Table 17 Mycotoxin Detoxifiers: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                    Table 18 Mycotoxin Detoxifiers: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.9 Flavors & Sweeteners 
           7.9.1 Flavors 
                    7.9.1.1 Growing Focus on Increasing the Feed Palatability to Drive the Demand for Natural Flavors 
           7.9.2 Sweeteners 
                    7.9.2.1 Used to Mask the Undesired Tastes of Feed 
                               Table 19 Flavors & Sweeteners: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                               Table 20 Flavors & Sweeteners: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.10 Antibiotics 
           7.10.1 Tetracycline 
                    7.10.1.1 Used to Cure Several Bacterial Infections 
           7.10.2 Penicillin 
                    7.10.2.1 Helps to Improve the Egg Production and Egg Hatchability 
           7.10.3 Others 
                     Table 21 Antibiotics: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                     Table 22 Antibiotics: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.11 Minerals 
           7.11.1 Potassium 
                     7.11.1.1 It Helps in Regulating the Metabolism of Proteins and Carbohydrates 
           7.11.2 Calcium 
                     7.11.2.1 Helps in Strengthening of Bones and Improves Eggshell Quality 
           7.11.3 Phosphorus 
                     7.11.3.1 Phosphorus Plays an Important Role in the High Rate of Egg Production 
           7.11.4 Magnesium 
                     7.11.4.1 It Helps the Ruminants to Maintain the Optimum Ph in the Rumen 
           7.11.5 Sodium 
                     7.11.5.1 Lack of Sodium in the Diet of Livestock Results in Muscle Cramps, Harsh Coat, and Reduce Appetite 
           7.11.6 Iron 
                     7.11.6.1 Deficiency of Iron Can Lead to Reduced Feed Intake, Impaired Immune System, and Low Fertility in the Livestock 
           7.11.7 Zinc 
                     7.11.7.1 It Helps in the Growth of Hair, Skin Cells, and Hoof Health of the Livestock 
           7.11.8 Copper 
                     7.11.8.1 It is Added in the Feed of Swine and Poultry to Enhance Their Health and Growth 
           7.11.9 Manganese 
                     7.11.9.1 Presence of Manganese is Vital for the Development of Eggshell Formation in Poultry 
                     7.11.10 Others 
                                Table 23 Minerals: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                                Table 24 Minerals: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.12 Antioxidants 
            7.12.1 BHA 
                       7.12.1.1 It Helps in Protecting the Feed From Rancidity and Also Stabilizes Free Radical Reaction 
            7.12.2 BHT 
                       7.12.2.1 It is Widely Used as A Poultry Feed Additive 
            7.12.3 Ethoxyquin 
                       7.12.3.1 Is Widely Used in Livestock Feed to Protect Against Lipid Peroxidation 
            7.12.4 Others 
                      Table 25 Antioxidants: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                      Table 26 Antioxidants: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.13 Non-Protein Nitrogen 
            7.13.1 Urea 
                      7.13.1.1 Increase in Demand for Urea to Be Used in Cattle Feed as It is Inexpensive and Easily Available
            7.13.2 Ammonia 
                      7.13.2.1 Helps in Digestibility and Increases the Feed Intake 
            7.13.3 Others 
                      Table 27 Non-Protein Nitrogen: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                      Table 28 Non-Protein Nitrogen: Feed Additives Market Size,  By Region, 2016–2023 (USD Million) 
    7.14 Preservatives 
            7.14.1 Mold Inhibitors 
                      7.14.1.1 Extend the Shelf Life of Feed Additives 
            7.14.2 Anticaking Agents 
                      7.14.2.1 It Prevent the Accumulation of Feed Nutrients 
                                  Table 29 Preservatives: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                                  Table 30 Preservatives: Feed Additives Market Size, By Region,2016–2023 (USD Million) 
    7.15 Phytogenics 
            7.15.1 Essential Oils 
                      7.15.1.1 Improve the Gut Health and Aid in Healthy Digestion in Poultry 
            7.15.2 Herbs & Spices 
                      7.15.2.1 It Does Not Have A Negative Impact on Animals, in Terms of Long Term Usage 
            7.15.3 Oleoresin 
                      7.15.3.1 Consumption of Oleoresins is Growing Rapidly as They Impart Color, Flavor, and Aroma to the Livestock Feed 
            7.15.4 Others 
                      Table 31 Phyotogenics: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                      Table 32 Phytogenic: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
    7.16 Probiotics 
           7.16.1 Lactobacilli 
                     7.16.1.1 Wide Availability of Lactobacilli is Propelling the Market Growth 
           7.16.2 Stretococcus Thermophilus 
                     7.16.2.1 Usage is Low in Feed Industry 
           7.16.3 Bifidobacteria 
                     7.16.3.1 Primary Groups of Bacteria Found in Adult Livestock 
           7.16.4 Yeast 
                     7.16.4.1 It Helps in Increased Production of Milk in Dairy Cattle 
                                 Table 33 Probiotics: Feed Additives Market Size, By Subtype, 2016–2023 (USD Million) 
                                 Table 34 Probiotics: Feed Additives Market Size, By Region,2016–2023 (USD Million) 

8 Feed Additives Market, By Livestock 
     8.1 Introduction 
            Figure 34 Feed Additives Market Share (Value), By Livestock, 2018 vs. 2023 
            Table 35 Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
            Table 36 Feed Additives Market Size, By Livestock, 2016–2023 (Kt) 
     8.2 Ruminants 
            8.2.1 Calves 
                     8.2.1.1 Special Attention in Terms of Feed Consumption is Given to Protect Them From Diseases 
            8.2.2 Dairy Cattle 
                     8.2.2.1 Enzymes, Probiotics, Non-Protein Nitrogen, Vitamins, and Minerals are Majorly Used for Dairy Cattle 
            8.2.3 Beef Cattle 
                     8.2.3.1 Improving Feed Efficiency and Maximizing the Muscle Growth of Beef Cattle 
            8.2.4 Others 
                     Table 37 Ruminants: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
                     Table 38 Ruminants: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
                     Table 39 Ruminants: Feed Additives Market Size, By Region, 2016–2023 (Kt) 
     8.3 Poultry 
            8.3.1 Broilers 
                     8.3.1.1 Enhance Muscle Growth, Overall Development, and Improve Feed Utilization 
            8.3.2 Layers 
                     8.3.2.1 Enhance the Laying Capacity of the Chickens and Prevent Diseases in Them 
            8.3.3 Breeders 
                     8.3.3.1 Improves Egg Production and Shell Quality 
                                Table 40 Poultry: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
                                Table 41 Poultry: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
                                Table 42 Poultry: Feed Additives Market Size, By Region, 2016–2023 (Kt) 109
     8.4 Swine 
            8.4.1 Starters 
                     8.4.1.1 Feed Additives are More Frequently Used in Starter 
            8.4.2 Growers 
                     8.4.2.1 Require High Levels of Limiting Amino Acids for Faster Protein Synthesis 
            8.4.3 Sows 
                     8.4.3.1 It Helps in Maintaining the Performance of Sows During the Gestation and Lactation Phases 
                                Table 43 Swine: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
                                Table 44 Swine: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
                                Table 45 Swine: Feed Additives Market Size, By Region, 2016–2023 (Kt) 
     8.5 Aquatic Animal 
            8.5.1 Growing Consumption of Seafood is Driving the Market for Aquatic Feed Additives 
                     Table 46 Aquatic Animals: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
                     Table 47 Aquatic Animals: Feed Additives Market Size, By Region, 2016–2023 (Kt) 
     8.6 Others 
            8.6.1 Rise in Adoption of Companion Animals is Projected to Drive the Demand for Equine Feed and Pet Food 
                     Table 48 Others: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
                     Table 49 Others: Feed Additives Market Size, By Region, 2016–2023 (Kt) 

9 Feed Additives Market, By Form 
     9.1 Introduction 
            Figure 35 Feed Additives Market Share, By Form, 2018 vs. 2023 
            Table 50 Feed Additives Market Size, By Form, 2016–2023 (USD Million) 
     9.2 Dry 
            9.2.1 Ease of Mixing, Storage, and Handling to Drive the Market for Dry Form of Feed Additives 
                     Table 51 Dry Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
     9.3 Liquid
            9.3.1 Uniformity and More Accurate Dosing of Liquid Feed Additives is Likely to Propel the Market 
                     Table 52 Liquid Feed Additives Market Size, By Region, 2016–2023 (USD Million) 

10 Feed Additives Market, By Source 
      10.1 Introduction 
              Figure 36 Feed Additives Market Share, By Source, 2018 vs. 2023 
              Table 53 Feed Additives Market Size, By Source, 2016–2023 (USD Million) 
      10.2 Synthetic 
              10.2.1 Low Cost of Production and High Stability is Projected to Propel the Growth of Synthetic Feed Additives 
                        Table 54 Synthetic Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
      10.3 Natural 
              10.3.1 Increasing Demand for Natural Feed is Likely to Enhance the Market for Natural Feed Additives 
                        Table 55 Natural Feed Additives Market Size, By Region, 2016–2023 (USD Million) 

11 Feed Additives Market, By Region 
      11.1 Introduction 
              Figure 37 Feed Additives Market Share (By Value), By Key Country, 2017 
              Table 56 Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
              Table 57 Feed Additives Market Size, By Region, 2016–2023 (Kt) 
      11.2 North America 
              Figure 38 North America: Feed Additives Market Snapshot, 2017 
              Table 58 North America: Feed Additives Market Size, By Country, 2016–2023 (USD Million) 
              Table 59 North America: Feed Additives Market Size, By Country, 2016–2023 (Kt) 
              Table 60 North America: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
              Table 61 North America: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              Table 62 North America: Feed Additives Market Size, By Livestock, 2016–2023 (Kt) 
              Table 63 North America: Feed Additives Market Size, By Form, 2016–2023 (USD Million) 
              Table 64 North America: Feed Additives Market Size, By Source, 2016–2023 (USD Million) 
              11.2.1 US 
                         11.2.1.1 the US Accounted for the Largest Share in the North American Market in 2017 
                                     Table 65 US: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.2.2 Canada 
                         11.2.2.1 Increase in Demand for Meat and the Lenient Regulations Pertaining to the Use of Growth Promoters in the Country 
                                     Table 66 Canada: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million)
              11.2.3 Mexico 
                         11.2.3.1 Support From Government Programs and the Expanding Livestock Production to Drive Consumption of Feed Additives in Mexico 
                                     Table 67 Mexico: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
      11.3 Europe 
              Table 68 Europe: Feed Additives Market Size, By Country, 2016–2023 (USD Million) 
              Table 69 Europe: Feed Additives Market Size, By Country, 2016–2023 (Kt) 
              Table 70 Europe: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
              Table 71 Europe: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              Table 72 Europe: Feed Additives Market Size, By Livestock,2016–2023 (Kt) 
              Table 73 Europe: Feed Additives Market Size, By Form, 2016–2023 (USD Million) 
              Table 74 Europe: Feed Additives Market Size, By Source, 2016–2023 (USD Million) 
              11.3.1 Spain 
                        Table 75 Spain: Feed Additives Market Size, By Livestock,2016–2023 (USD Million) 
              11.3.2 Russia 
                        11.3.2.1 The Russian Meat Industry has Witnessed Significant Growth in Recent Years 
                                    Table 76 Russia: Feed Additives Market Size, By Livestock,2016–2023 (USD Million) 
              11.3.3 Germany 
                        11.3.3.1 Modernization of the Livestock Industry has Resulted in the Use of Scientific Methods for the Production of Livestock 
                                   Table 77 Germany: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.3.4 France 
                        11.3.4.1 Domestic Demand for Meat Products Plays an Important Role in the Rising Demand for Essential Additives in Livestock Feed 
                                   Table 78 France: Feed Additives Market Size, By Livestock,2016–2023 (USD Million) 
              11.3.5 Italy 
                        11.3.5.1 Italy Accounted for the Fifth-Largest Share for Feed Additives in the Region 
                                   Table 79 Italy: Feed Additives Market Size, By Livestock,2016–2023 (USD Million) 
              11.3.6 UK 
                        11.3.6.1 Adoption of Mega-Farms and Intensive Factory Farming for Cattle, Poultry, and Swine to Drive Market Growth 
                                   Table 80 UK: Feed Additives Market Size, By Livestock,2016–2023 (USD Million) 
              11.3.7 Rest of Europe 
                        11.3.7.1 Increase in the Awareness About the Benefits of Feed Additives Among Livestock Producers 
                                    Table 81 Rest of Europe: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
      11.4 Asia Pacific 
              Figure 39 Asia Pacific: Feed Additives Market Snapshot 
              Table 82 Asia Pacific: Feed Additives Market Size, By Country, 2016–2023 (USD Million) 
              Table 83 Asia Pacific: Feed Additives Market Size, By Country, 2016–2023 (Kt) 
              Table 84 Asia Pacific: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
              Table 85 Asia Pacific: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              Table 86 Asia Pacific: Feed Additives Market Size, By Livestock, 2016–2023 (Kt) 
              Table 87 Asia Pacific: Feed Additives Market Size, By Form, 2016–2023 (USD Million) 
              Table 88 Asia Pacific: Feed Additives Market Size, By Source, 2016–2023 (USD Million) 
              11.4.1 China 
                        11.4.1.1 Advancements in the Feed Industry of the Country are Expected to Create A Demand for Superior-Quality Feed 
                                    Table 89 China: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.4.2 India 
                        11.4.2.1 Availability of Raw Materials and A Major Destination for Foreign Companies 
                                    Table 90 India: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.4.3 Japan 
                        11.4.3.1 Stabilization in Feed Prices to Drive the Adoption of Feed Additives 
                                    Table 91 Japan: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.4.4 Thailand 
                        11.4.4.1 Opportunities in the Poultry Industry 
                                    Table 92 Thailand: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.4.5 Indonesia 
                        11.4.5.1 Increasing Feed Production to Have A Proportional Impact on the Consumption of Feed Additives 
                                    Table 93 Indonesia: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.4.6 Rest of Asia Pacific 
                        11.4.6.1 Rise in Awareness Regarding the Importance of Livestock Nutrition for Good Quality Meat and Other Animal-Based By-Products 
                                    Table 94 Rest of Asia Pacific: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
      11.5 South America 
              Table 95 South America: Feed Additives Market Size, By Country, 2016–2023 (USD Million) 
              Table 96 South America: Feed Additives Market Size, By Country, 2016–2023 (Kt) 
              Table 97 South America: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
              Table 98 South America: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              Table 99 South America: Feed Additives Market Size, By Livestock, 2016–2023 (Kt) 
              Table 100 South America: Feed Additives Market Size, By Form, 2016–2023 (USD Million) 
              Table 101 South America: Feed Additives Market Size, By Source, 2016–2023 (USD Million) 
              11.5.1 Brazil 
                        11.5.1.1 Animal Husbandry is One of the Main Industries in Brazilian Agriculture 
                                    Table 102 Brazil: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.5.2 Argentina 
                        11.5.2.1 Increase in the Modernization of the Meat Processing and Dairy Industries 
                                    Table 103 Argentina: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
              11.5.3 Rest of South America 
                        11.5.3.1 Rise in Demand & Supply of Livestock-Based Products, Along With Steady Industrialization of Livestock Rearing, to Drive Market Growth 
                                    Table 104 Rest of South America: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
     11.6 Rest of the World (RoW) 
             Table 105 RoW: Feed Additives Market Size, By Region, 2016–2023 (USD Million) 
             Table 106 RoW: Feed Additives Market Size, By Region, 2016–2023 (Kt) 
             Table 107 RoW: Feed Additives Market Size, By Type, 2016–2023 (USD Million) 
             Table 108 RoW: Feed Additives Market Size, By Livestock,2016–2023 (USD Million) 
             Table 109 RoW: Feed Additives Market Size, By Livestock, 2016–2023 (Kt) 
             Table 110 RoW: Feed Additives Market Size, By Form,2016–2023 (USD Million) 
             Table 111 RoW: Feed Additives Market Size, By Source, 2016–2023 (USD Million) 
             11.6.1 Middle East 
                       11.6.1.1 Increase in Meat Consumption and Production and Rise in Livestock Disease Outbreaks 
                                   Table 112 Middle East: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 
             11.6.2 Africa 
                       11.6.2.1 Presence of Substantial Livestock Population 
                                   Table 113 Africa: Feed Additives Market Size, By Livestock, 2016–2023 (USD Million) 

12 Competitive Landscape 
      12.1 Introduction 
      12.2 Competitive Leadership Mapping 
              12.2.1 Visionary Leaders 
              12.2.2 Dynamic Differentiators 
              12.2.3 Innovators 
              12.2.4 Emerging Companies 
                        Figure 40 Feed Additives Market (Global) Competitive Leadership Mapping, 2017 
      12.3 Competitive Leadership Mapping (Start-Up/Smse) 
              12.3.1 Progressive Companies 
              12.3.2 Starting Blocks 
              12.3.3 Responsive Companies 
              12.3.4 Dynamic Companies 
                        Figure 41 Feed Additives Startup/Smse Market (Global) Competitive Leadership Mapping, 2017 
      12.4 Market Share Analysis 
              Figure 42 Market Share of Key Players in the Feed Additives Market 
      12.5 Competitive Scenario 
              12.5.1 Expansions & Investments 
                        Table 114 Expansions & Investments, 2013–2018 
              12.5.2 Acquisitions 
                        Table 115 Acquisitions 2013–2018 
              12.5.3 New Product Launches 
                        Table 116 New Product Launches 2013–2018 
              12.5.4 Agreements, Collaborations, Joint Ventures, and Partnerships 

13 Company Profiles 
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
      13.1 Cargill
              Figure 43 Cargill: Company Snapshot 
              Figure 44 Cargill: SWOT Analysis 
      13.2 ADM 
              Figure 45 ADM: Company Snapshot 
              Figure 46 ADM: SWOT Analysis 
      13.3 Dowdupont 
              Figure 47 Dowdupont: Company Snapshot 
              Figure 48 Dowdupont: SWOT Analysis 
      13.4 Evonik 
              Figure 49 Evonik: Company Snapshot 
              Figure 50 Evonik: SWOT Analysis 
      13.5 BASF 
              Figure 51 BASF: Company Snapshot 
              Figure 52 BASF: SWOT Analysis 
      13.6 DSM 
              Figure 53 DSM: Company Snapshot 
      13.7 Solvay 
              Figure 54 Solvay: Company Snapshot 
      13.8 Ajinomoto 
              Figure 55 Ajinomoto: Company Snapshot 
      13.9 Novozymes 
              Figure 56 Novozymes: Company Snapshot 
      13.10 Chr. Hansen 
               Figure 57 Chr. Hansen: Company Snapshot 
      13.11 Invivo 
               Figure 58 Invivo: Company Snapshot 
      13.12 Nutreco 
      13.13 Kemin 
      13.14 Adisseo 
      13.15 Alltech 
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix 
      14.1 Discussion Guide 
      14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal 
      14.3 Available Customizations 
      14.4 Related Reports 
      14.5 Author Details 

 

The study involved four major activities in estimating the current market size for the feed additives market. Exhaustive secondary research was done to collect information on the market as well as the 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 subsegments.

Secondary Research

In the secondary research process, various sources were referred to, so as to identify and collect information for this study. These secondary sources included reports from the Food and Agriculture Organization (FAO), United States Department of Agriculture (USDA), Organization for Economic Co-operation and Development (OECD), and National Livestock Producers Association (NLPA) have been referred to, to identify and collect information for this study. The secondary sources also included livestock feed manufacturers’ annual reports; press releases; and investor presentations of companies; white papers; certified publications; articles by recognized authors and regulatory bodies; trade directories; and databases.

Secondary research has mainly been used to obtain key information about the industry’s supply chain, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level, and geographical markets. It has also been used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The overall feed additives market comprises several stakeholders in the supply chain, which include raw material suppliers and manufacturers. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include animal husbandry companies, large-scale ranches, poultry farms, and researchers. The primary sources from the supply side include feed producers, suppliers, distributors, importers, and exporters.

Animal Feed Additives Market

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 additives market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players were identified through extensive secondary research.
  • The feed industry’s value chain and market size, in terms of value and volume, were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All the 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.

Data Triangulation

After arriving at the overall market sizes-using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and its subsegments, 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 of the livestock grow lights industry. The market size was validated using the top-down and bottom-up approaches.

Report Objectives

  • Determining and projecting the size of the feed additives market, with respect to type, livestock, form, source, and regional markets, over a five-year period ranging from 2018 to 2023
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions.
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total market
  • Identifying and profiling the key market players in the feed additives market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the supply chain, products, and regulatory frameworks across regions and their impact on the prominent market players
  • Providing insights into key product innovations and investments in the feed additives market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific scientific needs.

The following customization options are available for the report:

Type Analysis

  • Market size, by volume, for feed additives, by country

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific feed additives market, by key country
  • Further breakdown of the Rest of Europe feed additives market, by key country

Company Information

  • Analyses and profiling of additional market players (up to five)
Report Code
AGI 2286
Published ON
Feb, 2019
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