1

Animal Feed Preservatives Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Category : Consumer Goods and Food and Beverages | Published at : January-2024 | Delivery Format : PDF | Status: Published | Pages : 250

The Animal Feed Preservatives Market Size accounted for USD 4.8 Billion in 2022 and is projected to achieve a market size of USD 8.8 Billion by 2032 growing at a CAGR of 6.4% from 2023 to 2032.

Animal Feed Preservatives Market Highlights

  • Global Animal Feed Preservatives Market revenue is expected to increase by USD 8.8 Billion by 2032, with a 6.4% CAGR from 2023 to 2032
  • North America region led with more than 35% of Animal Feed Preservatives Market share in 2022
  • Asia-Pacific Animal Feed Preservatives Market growth will record a CAGR of around 7.1% from 2023 to 2032
  • By preservatives type, the natural preservatives segment is the largest segment in the market, accounting for over 59% of the market share in 2022
  • By animal type, the poultry segment has recorded more than 25% of the revenue share in 2022
  • Growing demand for high-quality animal products, drives the Animal Feed Preservatives Market value

Animal Feed Preservatives Market Trends

Animal feed preservatives are substances added to animal feeds to extend their shelf life and maintain their nutritional quality. These preservatives help prevent the growth of microorganisms, such as bacteria and fungi, in feed ingredients and finished feeds. Common types of animal feed preservatives include organic acids, antioxidants, mold inhibitors, and antimicrobial agents. By inhibiting the growth of harmful microorganisms, these preservatives contribute to the overall safety and stability of animal feeds, ensuring that animals receive nutritionally sound and uncontaminated feed.

The market for animal feed preservatives has experienced significant growth in recent years, driven by several factors. One key factor is the increasing demand for high-quality and safe animal feed to support the growing livestock and poultry industries globally. As the demand for animal products such as meat, milk, and eggs rises, there is a parallel need for reliable and efficient preservation methods to ensure the integrity of the feed throughout the supply chain. Additionally, the awareness of the economic losses associated with feed spoilage and contamination has led to an increased adoption of feed preservatives by farmers and feed manufacturers.

Global Animal Feed Preservatives Market Trends

Market Drivers

  • Growing demand for high-quality animal food products
  • Increasing awareness of economic losses due to feed spoilage
  • Advancements in preservative technologies
  • Regulatory emphasis on feed safety
  • Expansion of the livestock industry in emerging economies

Market Restraints

  • Stringent regulations limiting certain preservative usage
  • Concerns about the potential impact of preservatives on animal health

Market Opportunities

  • Expansion of aquaculture and pet food industries
  • Growing market for organic and natural feed preservatives

Animal Feed Preservatives Market Report Coverage

Market Animal Feed Preservatives Market
Animal Feed Preservatives Market Size 2022 USD 4.8 Billion
Animal Feed Preservatives Market Forecast 2032 USD 8.8 Billion
Animal Feed Preservatives Market CAGR During 2023 - 2032 6.4%
Animal Feed Preservatives Market Analysis Period 2020 - 2032
Animal Feed Preservatives Market Base Year
2022
Animal Feed Preservatives Market Forecast Data 2023 - 2032
Segments Covered By Preservatives Type, By Animal Type, By Form, By Function, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Novus International, Inc., BASF SE, Kemin Industries, Inc., Alltech, Inc., Cargill, Incorporated, Perstorp Holding AB, ADM Animal Nutrition, Impextraco NV, DuPont de Nemours, Inc., Biomin Holding GmbH, Nutreco N.V., and Chr. Hansen Holding A/S.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis
Animal Feed Preservatives Market Dynamics

Animal feed preservatives are substances used to enhance the shelf life and safety of animal feeds by preventing the growth of harmful microorganisms and maintaining the nutritional integrity of the feed. These preservatives are crucial in the agricultural and livestock industries to ensure that the feed remains uncontaminated and nutritionally valuable from production to consumption. Commonly used animal feed preservatives include organic acids, antioxidants, mold inhibitors, and antimicrobial agents, each serving specific purposes in preserving the quality of feed ingredients and finished feeds. The applications of animal feed preservatives are diverse and essential for the well-being and productivity of livestock and poultry. These preservatives help prevent the growth of molds, bacteria, and fungi in feed, thereby reducing the risk of mycotoxin contamination and microbial spoilage.

The animal feed preservatives market has witnessed robust growth in recent years, driven by several key factors. The increasing global demand for high-quality animal products, such as meat, milk, and eggs, has prompted a parallel need for reliable and efficient feed preservation methods. Feed preservatives play a vital role in maintaining the nutritional integrity of animal feeds, ensuring that livestock and poultry receive safe and nutritionally balanced diets. This demand is further amplified by the growth of the livestock industry, especially in emerging economies, where rising incomes and changing dietary preferences are contributing to an increased consumption of animal products. Advancements in preservative technologies have also been a significant growth driver for the market. The industry has seen the development of innovative and sustainable preservative solutions that address both the need for effective preservation and the growing preference for environmentally friendly practices. Additionally, regulatory emphasis on feed safety and quality standards has led to increased adoption of preservatives by feed manufacturers and farmers alike.

Animal Feed Preservatives Market Segmentation

The global Animal Feed Preservatives Market segmentation is based on preservatives type, animal type, form, function, and geography.

Animal Feed Preservatives Market By Preservatives Type

  • Synthetic Preservatives
  • Natural Preservatives

According to the animal feed preservatives industry analysis, the natural preservatives segment accounted for the largest market share in 2022. With increasing concerns about synthetic additives and their potential impact on both animal and human health, there has been a rising demand for natural alternatives in animal feed preservation. Natural preservatives, derived from sources such as herbs, spices, and plant extracts, offer a safer and more environmentally friendly option for maintaining the quality and safety of animal feeds. Consumers and stakeholders in the livestock industry are increasingly recognizing the benefits of natural preservatives, which include their perceived health and safety advantages. This has led to a higher adoption rate among feed manufacturers and farmers who seek to align their practices with consumer preferences for clean and minimally processed animal products.

Animal Feed Preservatives Market By Animal Type

  • Poultry
  • Cattle
  • Swine
  • Aquaculture
  • Equine
  • Pet food
  • Others

In terms of animal types, the poultry segment is expected to witness significant growth in the coming years. As the global demand for poultry products, such as chicken meat and eggs, continues to rise, there is a corresponding need for high-quality and safe poultry feed. Animal feed preservatives, including antioxidants, mold inhibitors, and antimicrobial agents, are crucial in maintaining the freshness and nutritional integrity of poultry feed throughout the production and supply chain. The poultry industry's emphasis on efficiency and productivity has led to an increased adoption of preservative technologies to prevent feed spoilage and contamination, ensuring that poultry flocks receive optimal nutrition for healthy growth and improved production outcomes. Furthermore, the intensification of poultry farming practices, particularly in emerging economies, has contributed to the demand for advanced feed preservation methods.

Animal Feed Preservatives Market By Form

  • Dry
  • Liquid

According to the animal feed preservatives market forecast, the dry segment is expected to witness significant growth in the coming years. This growth is driven by the increasing demand for convenience, shelf stability, and efficient preservation methods in the production of dry or pelleted animal feeds. Dry feeds, including pellets and granules, are widely used in the livestock and poultry industries due to their ease of handling, storage, and transport. However, the dry nature of these feeds makes them susceptible to microbial contamination and oxidation, necessitating the use of effective preservatives to maintain their nutritional value over time. The growth of the dry segment can be attributed to the expanding global livestock and poultry industries, where processed and dry feeds are extensively utilized.

Animal Feed Preservatives Market By Function

  • Antimicrobials
  • Antioxidants
  • Mycotoxin Binders

Based on the function, the antimicrobials segment is expected to continue its growth trajectory in the coming years. Antimicrobial preservatives play a crucial role in inhibiting the growth of bacteria and other harmful microorganisms in animal feeds, thereby preventing the spoilage of feed ingredients and ensuring the delivery of uncontaminated and nutritionally sound diets to animals. With the intensification of animal farming and the increasing focus on disease prevention, the demand for effective antimicrobial preservatives has surged in the livestock and poultry industries. The growth of the antimicrobials segment is propelled by the need to enhance feed hygiene and mitigate the risk of diseases in animal populations. Antibiotics and other antimicrobial agents are incorporated into animal feeds to control the proliferation of pathogens, improve feed efficiency, and promote overall animal health.

Animal Feed Preservatives Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

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

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Animal Feed Preservatives Market Drivers

Animal Feed Preservatives Market Regional Analysis

North America has emerged as a dominating region in the animal feed preservatives market, driven by a combination of factors that underscore the region's robust livestock industry, technological advancements, and stringent regulatory standards. The United States and Canada, in particular, play pivotal roles in shaping the market landscape. The North American livestock sector, including poultry, swine, and cattle production, is extensive and highly industrialized, resulting in a substantial demand for high-quality and preserved animal feeds. One of the key factors contributing to North America's dominance in the animal feed preservatives market is the region's commitment to feed safety and quality standards. Stringent regulations, enforced by agencies such as the Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA), mandate the use of preservatives to ensure the integrity of animal feeds. Compliance with these regulations has driven the adoption of advanced preservative technologies, positioning North America as a leading market for innovative and effective solutions. Additionally, the region has been at the forefront of technological innovations in feed preservation.

Animal Feed Preservatives Market Player

Some of the top animal feed preservatives market companies offered in the professional report include Novus International, Inc., BASF SE, Kemin Industries, Inc., Alltech, Inc., Cargill, Incorporated, Perstorp Holding AB, ADM Animal Nutrition, Impextraco NV, DuPont de Nemours, Inc., Biomin Holding GmbH, Nutreco N.V., and Chr. Hansen Holding A/S.

Frequently Asked Questions

The animal feed preservatives market size was USD 4.8 Billion in 2022.

The CAGR of animal feed preservatives is 6.4% during the analysis period of 2023 to 2032.

The key players operating in the global market are including Novus International, Inc., BASF SE, Kemin Industries, Inc., Alltech, Inc., Cargill, Incorporated, Perstorp Holding AB, ADM Animal Nutrition, Impextraco NV, DuPont de Nemours, Inc., Biomin Holding GmbH, Nutreco N.V., and Chr. Hansen Holding A/S.

North America held the dominating position in animal feed preservatives industry during the analysis period of 2023 to 2032.

Asia-Pacific region exhibited fastest growing CAGR for market of animal feed preservatives during the analysis period of 2023 to 2032.

The current trends and dynamics in the animal feed preservatives industry include growing demand for high-quality animal products, increasing awareness of economic losses due to feed spoilage, and advancements in preservative technologies.

The poultry animal type held the maximum share of the animal feed preservatives industry.


Cart Summary