Animal Feed Additives Market Size & Share Estimated to Reach USD 55.09 Billion By 2028: Polaris Market Research
The global animal feed additives market size is expected to reach USD 55.09 Billion by 2028 according to a new study by Polaris Market Research.
Several significant health concerns coupled with the consumption of a protein-rich diet and changing eating habits of consumers further contribute to the market growth. Increasing demand from emerging economies of Asia Pacific, technological advancements, and significant investments in research and development of the product are factors expected to offer growth opportunities during the forecast period.
The livestock that consumes animal feed additives include cattle, swine, poultry, aquaculture, and others. The demand for the product is expected to be high from the poultry segment during the forecast period. Feed additives result in growth in poultry production while improving performance and modification of host metabolism. It also offers health benefits such as enhanced nutrient absorption, inhibition of pathogens in the intestinal tract, and reduced human health risk.
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Based on type, the market is segmented into minerals, vitamins, antibiotics, amino acids, binders, enzymes, acidifiers, antioxidants, and others. Vitamins are added to the fodder for enhanced nutritive egg quality and boosted immunity. The addition of vitamin E decreases fat oxidation in meat to offer improved meat quality. Animals are dosed with a different amount at different growth phases for effective growth, reproduction, and immune defense.
The form segment has been divided into dry and liquid. The dry feed additives offer benefits such as easy availability, easy mixing, and storage. The dry feed additives are mixed with fodder for improved performance and production, excellent nutrient digestibility, and enhanced meat quality. It counters pathogenic bacteria and safeguards the health of livestock.
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Increasing urbanization and growing consumption of processed food have resulted in greater demand for the product in the region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
Top Market Players
Some major market participants include Adisseo, ADM, Ajinomoto, Alltech, BASF, Bentoli, Cargill, Centafarm SRL, Chr. Hansen, DSM, DuPont, Evonik, Global Nutrition International Kemin Industries Inc., Novozymes, Novus International, Inc., NUQO Feed Additives, Nutreco, Palital Feed Additives B.V, TEGASA .
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Polaris Market Research has segmented the animal feed additives market report on the basis of livestock, type, form, and region:
Animal Feed Additives Livestock Outlook (Volume – Kilotons; Revenue, USD Billion, 2016 – 2028)
Animal Feed Additives, Type Outlook (Volume – Kilotons; Revenue, USD Billion, 2016 – 2028)
- Amino Acids
Animal Feed Additives, Form Outlook (Volume – Kilotons; Revenue, USD Billion, 2016 – 2028)
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