Abstract
Summary
The global market for feed additives is estimated to be valued at USD 42.2 Billion in 2023 and is projected to reach USD 55.8 Billion by 2028, at a CAGR of 5.8% during the forecast period. With an increasing emphasis on animal welfare, nutrition has become a cornerstone of modern livestock production. Farmers and producers recognize that optimizing animal diets is not only essential for the health and well-being of their livestock but also for the efficiency and profitability of their operations. This realization has propelled the demand for feed additives, which play a pivotal role in ensuring that animals receive the essential nutrients they need for growth, immunity, and overall vitality. Simultaneously, the specter of disease outbreaks looms large over the livestock industry. Recent epidemics like African swine fever and avian influenza have underscored the vulnerability of global food systems. In response, feed additives have gained prominence as a proactive measure to bolster animal immunity and mitigate disease risks. Some additives contain components that enhance the immune response of animals, reducing their susceptibility to pathogens.
“By form, the liquid segment is estimated to be growing at a significant CAGR of 4.9% in the feed additives market.”
Liquid forms of feed additives refer to supplements or ingredients that are incorporated into animal diets in a liquid state. Liquid feed additives offer several distinct advantages, contributing to their increasing popularity. Firstly, their liquid form ensures homogenous distribution throughout the feed, leading to consistent nutrient delivery to animals. This improved uniformity helps enhance the overall efficiency of feed utilization, ultimately leading to better animal health and performance. Moreover, liquid additives are often easier to mix and incorporate into animal feed, simplifying the feeding process for livestock producers. Additionally, liquid forms enable the flexibility to adjust dosages more precisely, tailoring nutrient levels to specific animal requirements. Lastly, the growing emphasis on precision nutrition and the demand for specialized feed formulations to address various health and performance issues in livestock have further fueled the popularity of liquid feed additives.
“By type, the probiotics segment is anticipated to be growing at a significant CAGR of 8.2% during the forecast period in the feed additives market.”
Probiotics, beneficial microorganisms such as bacteria and yeast, are increasingly asserting their dominance in the feed additives market. These microorganisms are gaining traction due to their remarkable benefits in animal nutrition and health. Probiotics are used in feed additives as they promote gastrointestinal health by maintaining a balanced gut microbiota, which improves nutrient absorption and digestion. This, in turn, leads to enhanced animal growth and feed conversion efficiency. Additionally, probiotics boost the immune system, making animals more resilient to diseases, reducing the need for antibiotics, and addressing concerns over antibiotic resistance. Lastly, they contribute to overall animal well-being, minimizing stress and promoting healthier livestock. Moreover, regulatory changes and restrictions on antibiotic use in animal feed have encouraged the adoption of probiotics as a natural and sustainable alternative.
“Among livestock, the swine segment is estimated to grow at a CAGR of 5.4% during the forecast period.”
The global demand for pork products, including pork meat and processed products, has been steadily rising due to population growth and increased meat consumption. To meet this growing demand, swine producers are under pressure to maximize their production efficiency and output. Feed additives play a crucial role in achieving this goal by enhancing the overall health and performance of swine. Swine are highly susceptible to various diseases and stressors, which can negatively impact their growth and productivity. Feed additives such as antibiotics, probiotics, prebiotics, enzymes, and growth promoters are essential in maintaining swine health, improving digestion, and promoting efficient nutrient utilization. These additives help reduce the incidence of diseases, improve feed conversion rates, and accelerate weight gain, ultimately leading to higher yields and profitability for swine producers. Additionally, as consumer preferences shift towards antibiotic-free and more sustainable meat production, the demand for natural and alternative feed additives in swine diets is on the rise. This further drives the growth of the swine sub-segment within the feed additives market.
“North America to grow at a significant CAGR during the forecast period in the feed additives market.”
The North American livestock industry is massive, encompassing cattle, poultry, swine, and aquaculture. With a growing population and increasing consumption of meat and dairy products, there is a pressing need for efficient animal husbandry practices. Feed additives play a pivotal role in improving feed efficiency, animal health, and overall productivity, making them indispensable in this context. Additionally, North America places a strong emphasis on food safety and sustainability, which has led to the adoption of feed additives aimed at reducing the environmental footprint of livestock farming. Innovations in feed additives that promote sustainable practices, such as reducing methane emissions and improving nutrient utilization, have gained traction in the region. Furthermore, North American consumers' growing preference for high-quality, protein-rich diets has driven increased meat and dairy production, necessitating the use of feed additives to meet this rising demand.
The break-up of the profile of primary participants in the feed additives market:
By Company: Tier 1 – 30%, Tier 2 - 25%, Tier 3 – 45%
By Designation: CXOs – 30%, Manager level – 25%, and C-Level- 45%
By Region: North America -18%, Europe – 32%, Asia Pacific – 40%, RoW – 10%,
Major key players operating in the feed additives market include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), CHR. HANSEN (Denmark), and TEGASA (Spain).
Research Coverage:
This research report categorizes the feed additives market, by type (amino acids, phosphate, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavors & sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, phytogenics, preservatives, and probiotics), by form (dry and liquid), source (synthetic and natural), livestock (poultry, ruminants, swine, aquatic animals, and other livestock), and region (North America, Europe, Asia Pacific, South America, and RoW). The scope of this report encompasses a comprehensive examination of major factors, including drivers, restraints, challenges, and opportunities, that significantly influence the growth of the feed additives market. Extensive research has been conducted to analyze key industry players, offering valuable insights into their business overview, product offerings, key strategies, contracts, partnerships, new product launches, as well as mergers and acquisitions associated with the feed additives market. Furthermore, the report includes a competitive analysis of emerging startups in the feed additives market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall feed additives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increase in demand and consumption of livestock products, Growth in feed production, Rise in awareness about feed quality), restraints (Ban on antibiotics in different nations, Volatile raw material prices for feed additives), opportunities (Shift toward natural growth promoters, increase in demand for natural supplements for monogastric animals), and challenges (Quality control of genetic feed additive products manufactured by Asian companies, Sustainability of feed and livestock chain) influencing the growth of the feed additives market.
• New Product launch/Innovation: Detailed insights on research & development activities and new product launches in the feed additives market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the feed additives market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the feed additives market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), and others in the feed additives market strategies.
Table of Contents
1 INTRODUCTION 44
1.1 STUDY OBJECTIVES 44
1.2 MARKET DEFINITION 45
1.3 STUDY SCOPE 45
1.3.1 REGIONAL SEGMENTATION 46
1.3.2 YEARS CONSIDERED 46
1.4 INCLUSIONS & EXCLUSIONS 47
1.5 CURRENCY CONSIDERED 50
1.6 VOLUME CONSIDERED 50
1.7 STAKEHOLDERS 51
1.8 SUMMARY OF CHANGES 51
1.9 RECESSION IMPACT ANALYSIS 52
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
2.1.1 SECONDARY DATA 54
- 2.1.1.1 Key data from secondary sources 54
2.1.2 PRIMARY DATA 54
- 2.1.2.1 Key data from primary sources 55
- 2.1.2.2 Breakdown of primaries 55
- 2.1.2.3 Key primary insights 56
2.2 MARKET SIZE ESTIMATION 56
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPES AND SUBTYPES, BY REGION) 57
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET) 59
2.3 DATA TRIANGULATION 60
2.4 STUDY ASSUMPTIONS 61
2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 62
2.6 RECESSION IMPACT ANALYSIS 62
2.7 RECESSION MACROINDICATORS 63
3 EXECUTIVE SUMMARY 68
4 PREMIUM INSIGHTS 73
4.1 ATTRACTIVE OPPORTUNITIES IN FEED ADDITIVES MARKET 73
4.2 FEED ADDITIVES MARKET: MAJOR REGIONAL SUBMARKETS 74
4.3 ASIA PACIFIC: FEED ADDITIVES MARKET, BY KEY TYPE & COUNTRY 74
4.4 FEED ADDITIVES MARKET, BY TYPE 75
4.5 NORTH AMERICA FEED ADDITIVES MARKET, BY FORM 76
4.6 FEED ADDITIVES MARKET, BY LIVESTOCK 76
5 MARKET OVERVIEW 77
5.1 INTRODUCTION 77
5.2 MACROECONOMIC INDICATORS 77
5.2.1 RISE IN DEMAND FOR COMPOUND FEED 77
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING REGIONS SUCH AS ASIA PACIFIC AND SOUTH AMERICA 78
5.3 MARKET DYNAMICS 79
5.3.1 DRIVERS 80
- 5.3.1.1 Increase in demand and consumption of livestock-based products 80
- 5.3.1.2 Growth in feed production 83
- 5.3.1.3 Rise in awareness about feed quality 84
- 5.3.1.4 Rise in global demand for naturally produced feed and feed additives 84
- 5.3.1.5 Standardization of meat products owing to disease outbreaks 85
- 5.3.1.6 Implementation of innovative animal husbandry practices to improve meat quality 86
5.3.2 RESTRAINTS 86
- 5.3.2.1 Ban on antibiotics in different nations 86
- 5.3.2.2 Volatile raw material prices for feed additives 87
- 5.3.2.3 Stringent regulatory framework 87
5.3.3 OPPORTUNITIES 88
- 5.3.3.1 Shift toward natural growth promoters 88
- 5.3.3.2 Increase in demand for nutritional supplements for monogastric animals 89
- 5.3.3.3 Developing countries emerge as strong consumers of feed additives 89
5.3.4 CHALLENGES 90
- 5.3.4.1 Quality control of genetic feed additive products manufactured by Asian companies 90
- 5.3.4.2 Sustainability of feed and livestock chain 90
6 INDUSTRY TRENDS 92
6.1 INTRODUCTION 92
6.2 VALUE CHAIN ANALYSIS 92
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 92
6.2.2 RAW MATERIAL SOURCING AND MANUFACTURING 92
6.2.3 ASSEMBLY 93
6.2.4 DISTRIBUTION 93
6.2.5 MARKETING & SALES 93
6.3 SUPPLY CHAIN ANALYSIS 93
6.4 TECHNOLOGY ANALYSIS 94
6.4.1 AGGLOMERATION (PELLETIZING) 94
6.4.2 DOSING SYSTEMS 95
6.5 PATENT ANALYSIS 96
6.6 MARKET ECOSYSTEM 100
6.6.1 DEMAND SIDE 100
6.6.2 SUPPLY SIDE 100
6.7 TRADE ANALYSIS 103
6.8 KEY CONFERENCES & EVENTS 105
6.9 TRENDS/DISRUPTIONS IMPACTING BUYERS 106
6.10 AVERAGE SELLING PRICE 107
6.10.1 INTRODUCTION 107
6.11 KEY STAKEHOLDERS & BUYING CRITERIA 109
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 109
6.11.2 BUYING CRITERIA 110
6.12 PORTER’S FIVE FORCES ANALYSIS 111
6.12.1 INTENSITY OF COMPETITIVE RIVALRY 111
6.12.2 BARGAINING POWER OF SUPPLIERS 112
6.12.3 BARGAINING POWER OF BUYERS 112
6.12.4 THREAT OF SUBSTITUTES 112
6.12.5 THREAT OF NEW ENTRANTS 112
6.13 CASE STUDIES 113
6.14 REGULATIONS 113
6.14.1 FEED ADDITIVES REGULATORY APPROVAL FROM EUROPEAN UNION 113
6.14.2 TIME DURATION FOR FEED ADDITIVES IN REGISTER 114
6.14.3 REGISTRATION OF FEED ADDITIVES 114
6.14.4 PACKAGING OF FEED ADDITIVES 115
6.14.5 LABELING OF FEED ADDITIVES 115
6.14.6 MANUFACTURE AND SALE OF FEED ADDITIVES 115
6.14.7 IMPORT OF FEED ADDITIVES 116
6.14.8 REEVALUATION OF FEED ADDITIVES 116
6.15 REGULATORY FRAMEWORK, BY COUNTRY 117
6.15.1 US 117
- 6.15.1.1 Labeling 117
- 6.15.1.2 Association of American Feed Control Officials (AAFCO) 117
6.15.2 CANADA 117
- 6.15.2.1 Legal authorities 118
6.15.3 BRAZIL 118
6.15.4 CHINA 118
6.15.5 EUROPEAN UNION 119
6.15.6 JAPAN 119
6.15.7 SOUTH AFRICA 119
7 FEED ADDITIVES MARKET, BY LIVESTOCK 120
7.1 INTRODUCTION 121
7.2 POULTRY 123
7.2.1 RISE IN DEMAND FOR HIGH-QUALITY CHICKEN AND EGGS TO DRIVE MARKET 123
7.2.2 BROILERS 123
7.2.3 LAYERS 123
7.2.4 BREEDERS 123
7.3 RUMINANTS 125
7.3.1 INCREASING CONSUMPTION OF DAIRY PRODUCTS AND BEEF TO SPUR DEMAND FOR ADDITIVES IN RUMINANT FEED 125
7.3.2 CALF 126
7.3.3 DAIRY 126
7.3.4 BEEF 126
7.3.5 OTHER RUMINANTS 126
7.4 SWINE 128
7.4.1 RISE IN PORK TRADE AND CONCERNS OVER MEAT SAFETY TO BOOST MARKET 128
7.4.2 STARTERS 128
7.4.3 GROWERS 128
7.4.4 SOWS 128
7.5 AQUATIC ANIMALS 130
7.5.1 INCREASE IN AQUAFEED PRODUCTION TO PROPEL MARKET FOR AQUATIC FEED ADDITIVES 130
7.6 OTHER LIVESTOCK 132
8 FEED ADDITIVES MARKET, BY TYPE 134
8.1 INTRODUCTION 135
8.2 AMINO ACIDS 139
8.2.1 EFFORTS TO REDUCE ENVIRONMENTAL IMPACT THROUGH AMINO ACID SUPPLEMENTATION TO DRIVE MARKET 139
8.2.2 LYSINE 140
- 8.2.2.1 Relatively high value and digestibility of lysine to boost market 140
8.2.3 METHIONINE 140
- 8.2.3.1 Ability to tailor amino acid supplements for livestock to drive market 140
8.2.4 THREONINE 140
- 8.2.4.1 Role in providing optimal protein synthesis to boost market 140
8.2.5 TRYPTOPHAN 140
- 8.2.5.1 Ability to improve protein utilization and stress reduction in livestock to drive market 140
8.2.6 OTHER AMINO ACIDS 141
8.3 PHOSPHATES 143
8.3.1 ROLE IN PROMOTING BONE HEALTH AND IMMUNITY TO DRIVE DEMAND FOR FEED CONTAINING PHOSPHATES 143
8.3.2 MONOCALCIUM PHOSPHATE 143
- 8.3.2.1 Ability to prevent abnormal development of bones in livestock to propel market 143
8.3.3 DICALCIUM PHOSPHATE 144
- 8.3.3.1 Role in regulating energy metabolism and maintaining adequate dietary levels for livestock to drive market 144
8.3.4 MON0-DICALCIUM PHOSPHATE 144
- 8.3.4.1 Enhancement of functioning of immune system to fuel market growth 144
8.3.5 DEFLUORINATED PHOSPHATE 144
- 8.3.5.1 Role in reducing fluorine content in animal feed to boost market 144
8.3.6 TRICALCIUM PHOSPHATE 144
- 8.3.6.1 Role in enhancement of immune system and energy regulation of livestock to drive market 144
8.3.7 OTHER PHOSPHATES 144
8.4 VITAMINS 147
8.4.1 INCREASE IN AWARENESS OF HEALTH BENEFITS OF VITAMINS TO ACCELERATE MARKET GROWTH 147
8.4.2 FAT-SOLUBLE VITAMINS 147
- 8.4.2.1 Role of vitamins as key constituent of metabolic functions to propel market 147
8.4.3 WATER-SOLUBLE VITAMINS 147
- 8.4.3.1 Significance of water-soluble vitamins for optimum growth and development of livestock to drive market 147
8.5 ACIDIFIERS 149
8.5.1 ROLE OF ACIDIFIERS IN IMPROVING GUT HEALTH AND DIGESTION IN ANIMALS TO DRIVE MARKET 149
8.5.2 PROPIONIC ACID 150
- 8.5.2.1 Role in silage production and prevention of fertility disorders in livestock to fuel market growth 150
8.5.3 FORMIC ACID 150
- 8.5.3.1 Role in consistent feed formulations and feed preservation to drive market 150
8.5.4 CITRIC ACID 150
- 8.5.4.1 Importance of citric acid in enhancing immunity of vaccinated broilers to boost market 150
8.5.5 LACTIC ACID 150
- 8.5.5.1 Significance of lactic acid in improving animal health and productivity to accelerate market growth 150
8.5.6 SORBIC ACID 151
- 8.5.6.1 Importance of sorbic acid in feed preservation to drive market 151
8.5.7 MALIC ACID 151
- 8.5.7.1 Role as cost-efficient preservative and acidity regulator to propel market growth 151
8.5.8 BENZOIC ACID 151
- 8.5.8.1 Strong antimicrobial properties and low pungency to drive market 151
8.5.9 ACETIC ACID 151
- 8.5.9.1 Significance of acetic acid in controlling mold and improving feed utilization to boost market 151
8.5.10 OTHER ACIDIFIERS 152
8.6 CAROTENOIDS 154
8.6.1 CAROTENOIDS' ROLE IN ENHANCING ANIMAL SKIN AND EGG YOLK COLORATION TO DRIVE MARKET 154
8.6.2 ASTAXANTHIN 154
- 8.6.2.1 Health benefits of astaxanthin to fuel market growth 154
8.6.3 CANTHAXANTHIN 154
- 8.6.3.1 Role of canthaxanthin in providing consistent egg color to boost market 154
8.6.4 LUTEIN 155
- 8.6.4.1 Health benefits of lutein and improvement of feed palatability to drive market 155
8.6.5 BETA CAROTENE 155
- 8.6.5.1 Improvement of reproductive performance of ruminants and protection against oxidative stress to accelerate market growth 155
8.6.6 OTHER CAROTENOIDS 155
8.7 ENZYMES 157
8.7.1 ROLE OF ENZYMES IN IMPROVING FEED DIGESTIBILITY AND NUTRIENT UTILIZATION TO ACCELERATE MARKET GROWTH 157
8.7.2 PHYTASE 157
- 8.7.2.1 Low cost and nutritional benefits to boost growth 157
8.7.3 CARBOHYDRASE 158
- 8.7.3.1 Significance in improvement of digestibility of carbohydrates in feed ingredients to fuel market growth 158
8.7.4 PROTEASE 158
- 8.7.4.1 Role in reduction of dietary protein levels of livestock to propel market growth 158
8.7.5 OTHER ENZYMES 158
8.8 MYCOTOXIN DETOXIFIERS 160
8.8.1 GROWING AWARENESS OF MYCOTOXIN CONTAMINATION IN FEED TO DRIVE MARKET 160
8.8.2 BINDERS 161
- 8.8.2.1 Increasing awareness regarding benefits of binders to drive market 161
8.8.3 MODIFIERS 161
- 8.8.3.1 Enhancement of feed by conversion of mycotoxin into lesser toxic compounds to fuel market growth 161
8.9 FLAVORS & SWEETENERS 163
8.9.1 GROWING CONSUMER PREFERENCE FOR PALATABLE AND APPEALING FEED TO DRIVE MARKET 163
8.9.2 FEED FLAVORS 163
- 8.9.2.1 Rise in focus on improving livestock performance to drive market 163
8.9.3 FEED SWEETENERS 163
- 8.9.3.1 Role of sweeteners to mask undesired taste of feed to propel market growth 163
8.10 ANTIBIOTICS 166
8.10.1 RISING CONCERNS ABOUT LIVESTOCK DISEASES AND BACTERIAL INFECTIONS TO DRIVE DEMAND FOR FEED ANTIBIOTICS 166
8.10.2 TETRACYCLINE 166
- 8.10.2.1 Role in improvement of egg production and feed efficiency to drive market 166
8.10.3 PENICILLIN 166
- 8.10.3.1 Significance of penicillin as an antibiotic to accelerate market growth 166
8.10.4 OTHER ANTIBIOTICS 166
8.11 MINERALS 168
8.11.1 GROWING AWARENESS OF MINERAL DEFICIENCIES IN LIVESTOCK TO DRIVE DEMAND FOR MINERALS IN FEED 168
8.11.2 POTASSIUM 169
- 8.11.2.1 Regulation of metabolism of proteins and carbohydrates to boost market 169
8.11.3 CALCIUM 169
- 8.11.3.1 Role of calcium in strengthening of bones and improvement of eggshell quality to fuel market growth 169
8.11.4 PHOSPHORUS 169
- 8.11.4.1 Vital role of phosphorus in egg production and prevention of skeletal deformities to accelerate market growth 169
8.11.5 MAGNESIUM 169
- 8.11.5.1 Necessity of magnesium for bone growth and stability to drive market 169
8.11.6 SODIUM 170
- 8.11.6.1 Role of sodium in regulation of acid-base equilibrium and maintenance of osmotic pressure to accelerate market growth 170
8.11.7 IRON 170
- 8.11.7.1 Significance of iron in formation of hemoglobin and myoglobin to propel market growth 170
8.11.8 ZINC 170
- 8.11.8.1 Role of zinc in development of immune system and reproductive capacity to drive market 170
8.11.9 COPPER 170
- 8.11.9.1 Health benefits of copper and vital role in cellular respiration to boost market 170
8.11.10 MANGANESE 170
- 8.11.10.1 Important role of manganese in efficient functioning of mitochondria in cells and prevention of oxidative stress to fuel market growth 170
8.11.11 OTHER MINERALS 171
8.12 ANTIOXIDANTS 173
8.12.1 INCREASED FOCUS ON OXIDATIVE STRESS MANAGEMENT IN LIVESTOCK PRODUCTION TO DRIVE DEMAND FOR ANTIOXIDANTS IN FEED 173
8.12.2 SYNTHETIC ANTIOXIDANTS 174
- 8.12.2.1 Role in protection of fat-soluble vitamins against oxidative degradation to drive market 174
8.12.3 NATURAL ANTIOXIDANTS 174
- 8.12.3.1 Fewer side effects than synthetic antioxidants to drive market 174
8.13 NONPROTEIN NITROGEN 176
8.13.1 INCREASED FOCUS ON ADDRESSING NITROGEN UTILIZATION IN RUMINANT DIETS TO FUEL MARKET GROWTH 176
8.13.2 UREA 176
- 8.13.2.1 Low cost and easy availability to propel market growth 176
8.13.3 AMMONIA 176
- 8.13.3.1 Role of ammonia in improving digestibility and increasing feed intake to accelerate market growth 176
8.13.4 OTHER NONPROTEIN NITROGEN 177
8.14 PHYTOGENICS 179
8.14.1 RISING DEMAND FOR NATURAL GROWTH PROMOTERS IN LIVESTOCK PRODUCTION TO DRIVE MARKET 179
8.14.2 ESSENTIAL OILS 179
- 8.14.2.1 Role in improvement of gut health and healthy digestion in poultry to boost market 179
8.14.3 FLAVONOIDS 179
- 8.14.3.1 Improvement of gut health and heart stress control in livestock to boost market 179
8.14.4 SAPONINS 179
- 8.14.4.1 Role of saponins in suppressing intestinal and ruminal ammonia production to drive market 179
8.14.5 OLEORESINS 180
- 8.14.5.1 Role of oleoresins in imparting color, flavor, and aroma to livestock feed to drive market 180
8.14.6 OTHER PHYTOGENICS 180
8.15 PRESERVATIVES 182
8.15.1 EXTENDED SHELF LIFE AND PRODUCT QUALITY PRESERVATION TO DRIVE DEMAND FOR PRESERVATIVES IN FEED 182
8.15.2 MOLD INHIBITORS 182
- 8.15.2.1 Role of mold inhibitors in preventing mold growth and contamination to drive market 182
8.15.3 ANTICAKING AGENTS 182
- 8.15.3.1 Significance of anticaking agents in preventing accumulation of feed nutrients to propel market growth 182
8.16 PROBIOTICS 184
8.16.1 SPUR IN CONSUMER DEMAND FOR ANTIBIOTIC-FREE AND SUSTAINABLE ANIMAL PRODUCTS TO DRIVE MARKET 184
8.16.2 LACTOBACILLI 185
- 8.16.2.1 Potential to replace antibiotic growth promoters to fuel market growth 185
8.16.3 BIFIDOBACTERIA 185
- 8.16.3.1 Benefits to adult livestock, such as controlling pH level of large intestine to accelerate market growth 185
8.16.4 STREPTOCOCCUS THERMOPHILUS 185
- 8.16.4.1 Usage in manufacture of various feed probiotic products to drive market 185
8.16.5 YEAST 185
- 8.16.5.1 Role of in increased production of milk in dairy cattle to accelerate market growth 185
9 FEED ADDITIVES MARKET, BY FORM 188
9.1 INTRODUCTION 189
9.2 DRY 190
9.2.1 CONVENIENCE IN STORAGE, HANDLING, AND TRANSPORTATION TO DRIVE MARKET 190
9.3 LIQUID 191
9.3.1 UNIFORM MIXING AND PRECISE DOSING OF LIQUID FEED ADDITIVES LIKELY TO PROPEL MARKET 191
10 FEED ADDITIVES MARKET, BY SOURCE 193
10.1 INTRODUCTION 194
10.2 SYNTHETIC 195
10.2.1 COST-EFFECTIVENESS AND HIGH STABILITY PROPERTIES TO PROPEL GROWTH OF SYNTHETIC FEED ADDITIVES 195
10.3 NATURAL 196
10.3.1 SPIKE IN DEMAND AND ANTIBIOTIC CONCERNS TO DRIVE MARKET 196
11 FEED ADDITIVES MARKET, BY REGION 198
11.1 INTRODUCTION 199
11.2 NORTH AMERICA 202
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 203
11.2.2 US 210
- 11.2.2.1 Increasing trend of precision feeding techniques to boost demand for effective feed additives 210
11.2.3 CANADA 211
- 11.2.3.1 Spike in demand for meat and lenient regulations pertaining to use of growth promoters to boost market 211
11.2.4 MEXICO 212
- 11.2.4.1 Significant rise in livestock production to drive feed additive consumption in Mexico 212
11.3 ASIA PACIFIC 213
11.3.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 214
11.3.2 CHINA 222
- 11.3.2.1 Huge production of feed in country to drive market 222
11.3.3 INDIA 223
- 11.3.3.1 Increased consumption of meat and dairy products to boost market demand 223
11.3.4 JAPAN 224
- 11.3.4.1 Increasing consumer demand for premium animal-based products to accelerate market growth 224
11.3.5 THAILAND 226
- 11.3.5.1 Export opportunities in poultry and aquaculture industry to fuel market growth 226
11.3.6 INDONESIA 227
- 11.3.6.1 High demand for feed due to growing poultry sector to fuel market growth 227
11.3.7 REST OF ASIA PACIFIC 228
11.4 EUROPE 229
11.4.1 EUROPE: RECESSION IMPACT ANALYSIS 230
11.4.2 SPAIN 238
- 11.4.2.1 Increased preference for meat and dairy products to boost market 238
11.4.3 RUSSIA 239
- 11.4.3.1 Increasing feed production rate in country to drive market 239
11.4.4 GERMANY 240
- 11.4.4.1 Technological advancements in livestock management to fuel market growth 240
11.4.5 FRANCE 241
- 11.4.5.1 High domestic demand for meat products to stimulate market growth 241
11.4.6 ITALY 242
- 11.4.6.1 Focus on improving animal health and nutrition to accelerate market growth 242
11.4.7 UK 243
- 11.4.7.1 Rising demand for high-quality meat and dairy products to boost market 243
11.4.8 REST OF EUROPE 244
11.5 SOUTH AMERICA 246
11.6 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 246
11.6.1 BRAZIL 252
- 11.6.1.1 Brazil's thriving meat export industry to drive market 252
11.6.2 ARGENTINA 254
- 11.6.2.1 High consumption of meat and thriving livestock industry to boost market 254
11.6.3 REST OF SOUTH AMERICA 255
11.7 REST OF THE WORLD (ROW) 256
11.7.1 ROW: RECESSION IMPACT ANALYSIS 256
11.7.2 MIDDLE EAST 264
- 11.7.2.1 Rising demand for animal-based products to drive market 264
11.7.3 AFRICA 265
- 11.7.3.1 Escalating disease outbreaks to accelerate market growth 265
12 COMPETITIVE LANDSCAPE 267
12.1 OVERVIEW 267
12.2 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 268
12.3 MARKET SHARE ANALYSIS, 2022 268
12.4 KEY PLAYERS’ ANNUAL REVENUE VS. GROWTH 270
12.5 KEY PLAYERS’ EBITDA 271
12.6 STRATEGIES ADOPTED BY KEY PLAYERS 271
12.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 273
12.8 COMPANY EVALUATION MATRIX (KEY PLAYERS) 274
12.8.1 STARS 274
12.8.2 EMERGING LEADERS 274
12.8.3 PERVASIVE PLAYERS 274
12.8.4 PARTICIPANTS 275
12.8.5 PRODUCT FOOTPRINT 276
12.9 FEED ADDITIVES MARKET: STARTUP/SME EVALUATION QUADRANT, 2022 280
12.9.1 PROGRESSIVE COMPANIES 280
12.9.2 STARTING BLOCKS 280
12.9.3 RESPONSIVE COMPANIES 280
12.9.4 DYNAMIC COMPANIES 280
12.9.5 COMPETITIVE BENCHMARKING 282
12.10 COMPETITIVE SCENARIO 284
12.10.1 PRODUCT LAUNCHES 284
12.10.2 DEALS 287
12.10.3 OTHERS 294
13 COMPANY PROFILES 297
13.1 KEY PLAYERS 297
13.1.1 CARGILL, INCORPORATED 297
13.1.2 ADM 302
13.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC 307
13.1.4 EVONIK INDUSTRIES AG 312
13.1.5 BASF SE 319
13.1.6 DSM 324
13.1.7 AJINOMOTO 329
13.1.8 NOVOZYMES 332
13.1.9 CHR. HANSEN 336
13.1.10 TEGASA 340
13.1.11 NUTRECO 342
13.1.12 KEMIN INDUSTRIES INC 346
13.1.13 ADISSEO 349
13.1.14 BRF 352
13.1.15 SOLVAY 353
13.2 STARTUPS/SMES 356
13.2.1 GLOBAL NUTRITION INTERNATIONAL 356
13.2.2 CENTAFARM SRL 358
13.2.3 BENTOLI 360
13.2.4 NUQO FEED ADDITIVES 362
13.2.5 NOVUS INTERNATIONAL INC 364
13.2.6 PALITAL FEED ADDITIVES B.V 367
13.2.7 VITAFORMS 368
13.2.8 ALLTECH 369
13.2.9 NEOSPARK DRUGS AND CHEMICALS PRIVATE LIMITED 370
13.2.10 TEX BIOSCIENCES (P) LTD 371
14 ADJACENT AND RELATED MARKETS 372
14.1 INTRODUCTION 372
14.2 LIMITATIONS 372
14.3 PHYTOGENIC FEED ADDITIVES 372
14.3.1 MARKET DEFINITION 372
14.3.2 MARKET OVERVIEW 373
14.4 FEED ENZYMES MARKET 374
14.4.1 MARKET DEFINITION 374
14.4.2 MARKET OVERVIEW 374
15 APPENDIX 375
15.1 DISCUSSION GUIDE 375
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 381
15.3 CUSTOMIZATION OPTIONS 383
15.4 RELATED REPORTS 383
15.5 AUTHOR DETAILS 384