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Press Release

Global Feed Additives Market Growing at a CAGR of around 4.5% between 2019 and 2026

Published On : Mar 2019

Feed additives are used in animal nutrition to augment the quality and properties of animal feed to boost features such as overall gut health, palatability preservation, and others. Feed additives have gained importance globally, as they enhance the overall health of the animal, in turn improving the quality and quantity of meat produced from them. For instance, poultry feed additives are used to improve the bird’s egg-laying capacity, feed utilization, and disease prevention. Similarly, a swine diet includes various natural and synthetic additives, such as acidifiers, high dietary levels of copper and zinc, and phytase to boost the performance and profitability of this feed. The global feed additives market was valued at around USD 19 billion in 2018 and is expected to cross USD 26 billion in 2026, growing at a CAGR of around 4.5% between 2019 and 2026.  In terms of volume, the global feed additives market stood at above 1.5 million tons in 2018. To learn more about this report request a free sample copy

Rising consumption of meat as a rich protein source worldwide is expected to boost the feed additive market within forecast period. Furthermore, various disease outbreaks in livestock animals such as swine flu and foot & mouth diseases in the past decade have led to increased regulations on meat quality and safety which further has prompted the use of feed additives. However, high degree of regulatory intervention in developed markets may hamper the market growth in near future.

Global animal feed additives market is segmented based on type, livestock, and region. The type segment is further bifurcated into antibodies, enzymes, antioxidants, vitamins, acidifiers, minerals, amino acids, and others. Among all, the amino acid was the leading type segment of the global feed additives market with over 30% share in 2018. Amino acids are essential for the growth of animals, especially swine and poultry. The demand for amino acids is increasing owing to its extensive application in feed additives. Animals/livestock require a continuous supply of protein in their diet; hence, amino acids are considered as an essential component in the animal feed supplements. Among the various livestock segments, swine segment is expected to witness robust growth, owing to increasing consumption of meat products in developing countries. It accounted for slightly over 30% share in2018.

Asia Pacific emerged as the largest market for animal feed additives and accounted for over 33% of total market revenue in 2018. Along with being the largest market, Asia Pacific is also expected to be the fastest growing market for animal feed additives. Increasing domestic demand, coupled with growing meat trade, especially in China and India is expected to drive the Asian feed additive demand within forecast period.

DSM, BASF, Evonik and Cargill are among the top four companies and accounted for significant share of the global animal feed additives market in 2018. Some of the other companies operating in the global market include Hansen Holding A/S, Alltech, Nutreco N.V, Invivo NSA, ADM, Adiseo France SAS, Chr, Biomin, Addcon group etc. 

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