The Global Market for Animal Feed Additives is Projected to Reach US$27 Billion by 2022

Focus on Enhancing Animal Productivity & Farmer Income Drives the Animal Feed Additives Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Animal Feed Additives market. The global market for Animal Feed Additives is projected to reach US$27 billion by 2022, driven by the growing consumption of meat, farmer focus on enhancing farm productivity, and rising awareness over the close correlation between animal yield and feeding efficiency.

Globally, meat consumption is on the rise, driven by rising world population, increasing urbanization, growing incomes, changing lifestyles, and rising awareness over the health benefits of protein rich diets. Animal feed additives are emerging as a critical component of the livestock farming industry, given their ability to protect farm animals from diseases, enhance feed digestion, provide additional nutrition supplement and improve overall health of the animal. Feed additives such as vitamins, antioxidants and amino acids are known to increase animal immunity to diseases, besides maximizing usage of feed and improving yields. Use of antibiotics as feed additives is increasingly coming under pressure given the growing concerns over their indiscriminate use and the ensuing threat of antibiotic resistance in both animals and humans. Their use therefore has declined over the years, driven by various regulations including ban on their use in markets such as Europe. Demand has therefore shifted to other additives such as amino acids, enzymes and acidifiers. With many other countries expected to impose restrictions on the use of antibiotics, demand for alternatives is expected to gather momentum.

Amino Acids represents the largest market segment in the global animal feed additives market, while sizable growth is also expected to emerge from other segments such as vitamins, feed acidifiers and enzymes. Declining cost of production and their growing importance in poultry and swine feeds are some of the factors expected to drive adoption of feed amino acids. Lysine and methionine represent major feed amino acids, which are consumed in large volumes. Enzymes aid in minimizing environmental impact and improving digestion, while acidifiers improve the gut health owing to their bactericidal and bacteriostatic effects. Responding to the growing demand for safe and effective feed additives, manufacturers are developing antibiotic-free nutritional products. Phytogenic products, or products derived from plants, have been developed for preventing growth of pathogens in animal gut through direct antimicrobial activity without the need for antibiotics. Other products such as prebiotics and probiotics along with yeast extracts and organic acids are gaining prominence in the market.

As stated by the new market research report on Animal Feed Additives, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 6.1% through the analysis period. Rising domestic demand for meat together with the region’s evolution as a leading exporter of meat has altered the dynamics of Asia-Pacific in the global animal feed additives market. China leads the region for meat consumption as well as for production of animal feed additives. Other major markets include Indonesia, Thailand and India, where government assistance, farmer awareness and growing livestock industrialization are offering opportunities for growth. Rising demand of white meat, particularly in China and India, is forecast to boost demand for poultry feed additives in the region.

Major players covered in the report include ADDCON Group, Adisseo France SAS, Ajinomoto Co., Inc., Aliphos Belgium S.A., Archer Daniels Midland Company, BASF SE, Biovet JSC, Cargill, Inc., Chr. Hansen A/S, CJ CheilJedang Corp., DSM Nutritional Products, E. I. du Pont de Nemours and Company, Elanco Animal Health, Evonik Industries AG, Kemin Industries, Inc., Lonza Group Ltd., Neovia, Novozymes A/S, Novus International, Inc. and Zoetis, Inc. among others. 

The research report titled “Animal Feed Additives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Animal Feed Additives in terms of US$ for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, Mexico and Rest of Latin America). Major segments analyzed in the report include Antibiotics/Antibacterials, Vitamins, Antioxidants, Amino Acids and Others.

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