Animal Feed and Feed Additives Market
Animal Feed and Feed Additives Market (Additive - Antibiotics, Vitamins, Antioxidants, Amino acids, Feed enzymes, Feed Acidifiers, Binders, Others (Trace minerals, NPN, etc.); Species - Ruminants, Poultry, Swine, Aquaculture, Others (horses, ponies, mules, donkeys, and other equines); Sales Channel - Direct, Indirect) - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2018 - 2026
Feed additives are now one of the coherent parts of the worldwide rising meat production industry. For improvising the overall growth of the animals, feed additives are mixed with the basic feed mix. Feed additives acts as a catalyst in improving rate of weight gain, prevention of diseases in animals, prevents vitamin deficiencies and improves feed digestion and conversion, thereby improving the quality of meat production. Feed additives are normally used in small quantities for e.g. in injectable, pellets, liquids and powder form. The dosage of the feed additives differs from animal to animal.
Processed meat consumption is rising
With rising consumer awareness regarding quality and safety of meat due to recent livestock disease outbreaks combined with increasing meat consumption, the demand for animal feed additives has spiraled substantially. In emerging nations, rising disposable income and improving lifestyle have led to evolving dietary patterns which in turn are resulting in higher consumption of processed meat products.
In 2018, Brazil, India, and China collectively held 23% of the global animal feed additives market and will likely contribute 39% in 2026. On the other hand, factors such as high raw material prices and regulations imposed by various governments to maintain feed quality restrain the growth of the market.
The global animal feed and feed additives market was worth US$17.5 billion in 2018 and will reach US$24.1 billion in 2026, growing moderately at a CAGR of 4.1% between 2018 and 2026.
Animal feed additives are classified into two major types -
Nutritional feed additives such as amino acids, minerals and vitamins: It helps in providing effective nutrients in optimum proportion thereby helping the animals gain lean meat and higher muscle mass at a quicker rate than before.
Non-nutritional feed additives such as antibiotics, enzymes and acidifiers: It acts as armor against diseases, improving the digestive system, aiding in reproduction and reducing phosphate content in the livestock waste.
Meat commercialization to remain significant market driver
Animal diagnostics, animal biological, packaged pharmaceuticals and feed additives fall under the global animal health sector. Animal feed additives account for more than 42% share of the overall animal health industry and this is because of the accessibility to a broad range of products having wide benefits. The multiple driving factors like industrialization in meat production, increasing demand for protein enriched meat products, and rising awareness towards the quality of meat are the fuelling factors in the segment of feed additives such as amino acids, vitamins and acidifiers.
In the global animal health industry, packaged pharmaceuticals represent the second largest segment with 35% of overall market share and mainly consists of reproduction hormones, antibiotics and anti-parasitic products for treatment and preservation of animal health. Other segments in the animal health industry are animal biological (vaccines) with 15% market share and animal diagnostics (reagents and reproductive support) with 7.3% market share.
Different participants exist, like pre-mixers, feed mills and distributors, who manufacture and distribute the feed additives in the market. The feed additives either reaches the consumers directly through the industry participants by their own brands or through integrated feed producers.
For livestock growth, the integrated feed producers mix the animal feed with the additives generating multi nutrient products. The livestock producers use these animal feed additives in micro quantities/doses to animals for improving their health, prevention from diseases, to improvise their overall body weight and for reduction in the pollutant ratio in animal waste. On maturing, these livestock are used for meat and dairy products. These products then reach the consumers through retailers and food service providers for e.g. hotels and restaurants who purchase it from the national or international market. Thus feed additives are important key players maintaining the health and helping improve the quality of meat production.
Animal Feed and Feed Additives Market to Gather New Momentum with Increasing Focus on Livestock Productivity
Animal feed and feed additives market has been evolving on the back of increased attention on the health of livestock. Feed and feed additives are supposed to have prophylactic use in averting the occurrence of various diseases in animals including fish. These compounds or molecules are intended to boost the physiological processes, including immune function, stress resistance, and reproduction in livestock industry. Key categories of additives are immunostimulants, prebiotics and probiotics, and acidifiers, meant for improving the immune system of these animals.
A key drive for the market during Covid-19 times has come from the rise in demand for meat products. The pandemic that wreaked havoc on healthcare systems worldwide has rewritten the rules of every industry, brining worth a fresh leash of challenges as well as opportunities. The animal feed and feed additives market has also witnessed new opportunities on the back of these developments. Rising health concerns of livestock in various parts of the world and aim to improve the meat yield and quality are key factors driving demand in the animal feed and feed additives market. Further, livestock owners are testing various feeding preferences to fit their cost frameworks and the demand dynamics specific to a region. This will also see new demand dynamics in parts of developing economies. As economic activities have begun making strides in the recent few months, the production of feed and fed additives also gained momentum, boosting the prospects of the market. The changing nutritional requirements in specific species might also spur research in this direction, which might pave way for new avenues for players in the animal feed and feed additives market. For instance, these demand dynamics might open new opportunity for nutritional supplement manufacturers in various parts of the world. Increasing interest in phytogenic feed additives for fish has also boosted the generation of new avenues in the market.
Animal feed additives offer varied functions that include control of infectious diseases and promote animal growth. Worldwide, the thriving meat production industry stands as the major consumer of animal feed additives. Among the emerging nations, such as Brazil, India, and China, rising income levels and increasing per capita meat consumption account for high demand for animal feed additives. The global animal feed and feed additives market is segregated on the basis of livestock, products, and geography.
The research is designed to evaluate the demand and performance of animal feed additives in the global scenario. The research report provides in-depth analysis of current market trends, drivers, and challenges to understand the course of the animal feed and feed additives market over the forecast period.
Having easily comprehensible chapter-wise layout, supplemented with a collection of tables and graphs, the report systematically examines the analytics pertaining to product manufacturers, market size by segments, and demand by geography in the global market.
Using primary and secondary research sources, the estimates and forecasts provided in the research report will help various entities in the animal feed additives market value chain to formulate growth strategy and gain competitive advantage in the overall market.
Overview of the Global Animal Feed and Feed Additives Market
Worldwide, increasing consumption of meat and meat products is the major force for steady growth of the animal feed and feed additives market. Animal feed additives are substances that are added to basic feed mix so as to aid weight gain in livestock. These substances also prevent nutritional deficiencies and diseases, while improving feed digestion among animals, and thus improve meat production quality.
The global animal feed and feed additives market is divided into four broad regions, namely North America, Latin America, Asia Pacific Excluding Japan, Europe, Japan, Oceania and Middle East and Africa. Of all the regions, Asia Pacific will maintain a leading position and is expected to enjoy 32.4% share of the revenue of the overall market in 2018.
Asia Pacific contributes significantly to animal feed additives sales globally and will exhibit exponential growth at a CAGR of 4.5% due to higher demand and sales.
Major Companies in Global Animal Feed and Feed Additives Market
Some of the major companies in the market are DSM (The Netherlands), Archer Daniels Midland Company (U.S.), Cargill, Inc. (U.S.), Evonik (Germany), BASF SE (Germany), and CHR Hansen A/S (Denmark).
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends.
- A well-defined technological growth map with an impact-analysis
- A clear understanding of the competitive landscape and key product segments