Animal Feed Additives Market (By Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others; By Livestock: Swine, Ruminants, Poultry, Aquatic Animals, Others; By Form: Dry, Liquid, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global animal feed additives market is anticipated to grow at a CAGR of around 4.1% during the forecast period 2020 to 2027 and to reach around US$ 51.8 Bn by 2027.

Market Dynamics

Rising demand for nutritional feeds from consumers in order to improve the health of animal and enhance the performance, coupled with players focus on innovative products offerings with amino acids, vitamins, antibiotics are major factors expected to drive the growth of global market.

Major players are focused on business expansion through strategic mergers and acquisitions as this is expected to help the company to enhance the customer base; this is another factor expected to further augment the growth of target market.

• In 2018, Agrifirm a produces feeds, premixes, concentrates, mineral mixes, and additives for the livestock acquired Nuscience mycotoxin binders business. This is expected to help the company to enhance the product portfolio and increasing the profit ratio.
• In 2019, Nutreco a global leader in animal nutrition and aquafeed acquired Cargill’s compound feed business in Portugal. This acquisition is expected to help the company to enhance the product portfolio and increase the business presence.

In addition, players are focused on introduction of innovative products in order to attract new customers, coupled with business segment expansion are factor expected to further boost the growth of global market

• In 2019, Layn Corporation expanded its business segment into feed additives and antibiotic alternatives. This is expected to help the company to improve its product portfolio and support multiple industries including animal feed.
• In 2019, BASF SE launched phytase product Natuphos E in Indonesia this is expected to help the company to enhance the customer base and increase the profit ratio.

However, factors such as stringent government regulation related to product approval and volatility in raw material prices are expected to hamper the growth of global animal feed additives market. In addition, ban on use of antibiotics in animal feed in some countries is another factor expected to further challenge the growth of target market.

High R&D activities by major players and innovative product offerings are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, shift toward natural growth promoters is expected to further revenue support the growth of target market.

Animal Feed Additives Market Segment Analysis, 2019

The global animal feed additives market is further segmented into type, livestock, and form. The livestock segment is further bifurcated into swine, ruminants, poultry, aquatic animals, and others. Among form the dry segment is expected to account for significant revenue share in the global market. The form segment of the global market is segmented into dry, liquid, and others.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to rising awareness among consumers related to animal health. In addition, presence of large number of players operating in the country and high investment for R&D activities, coupled with innovative product offerings are among other factors expected to augment the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to increasing outbreak of animal disease. In addition, major players focus towards developing countries in order to increase the business presence and track the untapped market is another factor expected to further support the growth of target market in this region.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Animal Feed Additives Market (Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others; Livestock: Swine, Ruminants, Poultry, Aquatic Animals, and Others; Form: Dry, Liquid, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global animal feed additives market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global animal feed additives market segment by product, livestock, form and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global animal feed additives market size and segment markets by product, livestock, form and geography along with the information on companies operating in the market. The animal feed additives market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., BASF SE, Cargill, Inc., and Phibro Animal Health Corporation.

Market Segmentation

Market By Product

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
• Others

Market By Livestock

• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others

Market By Form

• Dry
• Liquid
• Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa