1. HOME
2. Research Insight
3. Market Leadership - Feed Additives Market

The feed additives market is estimated at USD 42.2 billion in 2023 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 5.8% from 2023 to 2028.

Feed additives are essential components in modern animal agriculture, encompassing a wide range of substances added to animal feed to enhance nutrition, improve animal health, and optimize production efficiency. These additives have become increasingly important due to the growing global demand for animal-based products, such as meat, milk, and eggs. As the livestock industry strives to meet this demand, feed additives play a crucial role in optimizing animal growth, disease prevention, and overall productivity. Additionally, the growing emphasis on sustainable and eco-friendly farming practices has led to the development and adoption of innovative feed additives that not only boost animal performance but also reduce environmental impacts, further fueling the market's growth.

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

ADM (US)

Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed ingredients, industrial ingredients, and biofuels. ADM's feed additive offerings are primarily provided through its subsidiary, ADM Animal Nutrition, Inc., based in the United States. ADM's diversified business segments include ag services and oilseeds, carbohydrate solutions, nutrition, and others.

Under the nutrition segment, ADM caters to both human and animal nutrition needs. ADM’s animal nutrition division focuses on providing high-quality feed additive products. The company has strongly been focusing on acquisitions, product launches, and expansions to strengthen its position in the feed additives market. For instance, in November 2022, the company launched sweeteners for young animals-particularly weanling pigs. Leveraging its extensive transportation network and presence in over 170 countries, ADM procures, stores, and transports various agricultural commodities like oilseeds, corn, wheat, milo, oats, and barley. These commodities serve as the foundation for ADM's feed additive manufacturing process. With 70 innovation centers, approximately 500 crop procurement facilities, and around 300 food and feed ingredient manufacturing facilities, ADM stands as one of the key players in the global feed additive industry. The company has a presence in regions such as Europe, Asia Pacific, Africa, South America, and North America.

Cargill, Incorporated (US)

Cargill, Incorporated is one of the leading companies engaged in the production and marketing of a wide range of products, including food, agricultural commodities, financial services, industrial goods, and animal nutrition & protein offerings. Within the animal nutrition segment, Cargill, Incorporated is a prominent player, providing essential feed additives through its brand, Promote. These additives cater to various livestock categories, including poultry, swine, beef, and dairy. Cargill, Incorporated's extensive product portfolio includes probiotics, enzymes, antioxidants, and mycotoxin detoxifiers, all designed to enhance the health and productivity of livestock. The company heavily focuses on partnerships, acquisition, and expansion to hold a significant market share in the feed additive market. For instance, the company partnered with BASF SE (Germany), another leading player in the feed additive industry to innovate and launch new products.

Operating in over 70 countries worldwide, Cargill, Incorporated has established a strong presence with a network of research and development centers in Europe, North America, and Latin America. These centers serve diverse regions across Africa, Europe, Asia, Latin America, North America, and the Middle East, contributing to the company's continuous growth and innovation.

International Flavors & Fragrances Inc. (US)

International Flavors & Fragrances Inc. is a result of a merger that took place in February 2021 between International Flavors & Fragrances Inc. (US) and Dupont’s Nutrition and Biosciences (US). The combined company continues to operate under the name International Flavors & Fragrances Inc. International Flavors & Fragrances Inc. is an American corporation that produces flavors, fragrances, and cosmetic actives, which it markets globally.

International Flavors & Fragrances Inc. is one of the global leaders in the food and beverage, personal care, and health end markets. The company's extensive portfolio encompasses flavors, probiotics, cultures, and enzymes, reflecting its commitment to enhancing nutritional solutions. The company offers feed additive products to support animal health and nutrition through its "nourish" segment.  The company has been focusing on new product launches to expand its product portfolio in the feed additive segment to further capture more market share in this industry.

Since its inception, the company has had a strong focus on R&D and invests a significant amount in these activities every year. Through its numerous subsidiaries, International Flavors & Fragrances Inc. has significantly marked its presence in more than 200 countries across Europe, North America, South America, Asia Pacific, the Middle East, and Africa.

BASF SE (Germany)

BASF SE is a major player in chemical manufacturing with a diversified portfolio spanning six key segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agriculture solutions. Under the nutrition & care segment, BASF SE offers a comprehensive range of feed additives designed to enhance nutrient utilization from feed sources, ultimately benefiting livestock and poultry industries. These additives, which encompass enzymes, vitamins, glycinates, and organic acids, play a pivotal role in enhancing nutrient utilization from feed sources. The company focuses on key strategies such as product launches, partnerships, and expansion to further solidify its position in the feed additive market.

With a vast global footprint, BASF SE operates in over 91 countries and boasts an extensive network of 239 production sites worldwide. Furthermore, the company has 11 operating divisions and 72 strategic business units.

Evonik Industries AG (Germany)

Evonik Industries AG is one of the key players in the production and distribution of specialty chemicals, with a significant focus on feed additives. With a presence in over 100 countries and an extensive network of 106 production sites across six continents, Evonik is well-positioned to serve key markets and consumers worldwide. The company operates through multiple segments, including specialty additives, nutrition and care, smart materials, performance materials, and technology and infrastructure.

Evonik’s feed additive products are marketed through its Nutrition & Care segment, reflecting the company's commitment to enhancing animal nutrition and promoting healthier livestock. These additives play a crucial role in improving the quality and nutritional value of animal feed, thereby positively impacting the livestock industry. Whether it's enhancing growth rates, improving feed efficiency, or supporting animal health, Evonik's feed additives are trusted by farmers and producers globally. The company heavily focuses on strategies such as new product launches, expansion, partnerships, and agreements to strengthen its position in the market. For instance, the company launched multiple feed additives in 2019, to expand its product portfolio.  With a strong global presence, a diverse range of specialty chemicals, and a dedicated focus on feed additives within its Nutrition & Care segment, Evonik Industries AG continues to be one of the major players in advancing the agriculture and livestock sectors by providing innovative solutions that meet the evolving needs of the industry.

Related Reports:

Feed Additives Market by Livestock, Type (Phosphates, Amino Acids, Vitamins, Acidifiers, Carotenoids, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, and Antioxidants), Form, Source, and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]