Global Specialty Feed Additives Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Livestock;

Swine, Ruminants, Poultry, Aquatic animals, and Others.

By Form;

Liquid and Dry.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn530611633 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Specialty Feed Additives Market (USD Million), 2020 - 2030

In the year 2023, the Global Specialty Feed Additives Market was valued at USD 6,042.98 million. The size of this market is expected to increase to USD 8,770.21 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.

The global animal feed additives market has witnessed substantial growth, driven by the increasing demand for healthier and more efficient livestock production. With the market valued at USD 43.4 billion in 2022 and projected to reach USD 56.35 billion by 2031, at a compound annual growth rate (CAGR) of 4.8%, the industry is poised for significant expansion during the forecast period (2023–2031). A key factor contributing to this growth is the pivotal role of feed additives in enhancing the growth performance and health of animals. By improving the digestibility of feed materials, these additives facilitate better nutrient absorption and utilization by livestock, ultimately leading to improved production efficiency.

The development and introduction of feed additives into the market are subject to rigorous scientific evaluations to ensure they meet safety standards for both human and animal health as well as environmental considerations. Feed additives encompass a diverse range of molecules, compounds, or organisms that aid in various physiological processes essential for animal growth, such as immune function, stress resistance, and reproduction. These additives include feeding attractants, immunostimulants, prebiotics, probiotics, acidifiers, and essential oils, among others. By leveraging these additives, animal nutritionists and producers can tailor feed formulations to meet specific dietary requirements, optimize growth rates, and improve overall animal health and welfare. Therefore, the continued innovation and adoption of feed additives play a crucial role in driving advancements in animal nutrition and supporting sustainable livestock production practices globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Livestock
    2. Market Snapshot, By Form
    3. Market Snapshot, By Region
  4. Global Specialty Feed Additives Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for High-Quality Animal Protein
        2. Increasing Livestock Production and Intensification
        3. Focus on Animal Health and Welfare
      2. Restraints
        1. Regulatory Challenges and Compliance Burdens
        2. Rising Costs of Raw Materials and Production
        3. Trade Barriers and Geopolitical Uncertainty
      3. Opportunities
        1. Increasing Demand for Sustainable and Ethical Animal Production
        2. Focus on Precision Livestock Farming and Data-Driven Nutrition
        3. Technological Advancements and Innovation in Feed Additives
    2. PEST Analysis
      1. Technological Analysis
      2. Social Analysis
      3. Economic Analysis
      4. Political Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Specialty Feed Additives Market, By Livestock, 2022 - 2032 (USD Million)
      1. Swine
      2. Ruminants
      3. Poultry
      4. Aquatic animals
      5. Others
    2. Global Specialty Feed Additives Market, By Form, 2022 - 2032 (USD Million)
      1. Liquid
      2. Dry
    3. Global Specialty Feed Additives Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cargill
      2. Alltech
      3. Kemin Industries, Inc.
      4. Novozymes A/S
      5. Archer Daniels Midland Company
      6. BASF SE
      7. Adisseo France SAS
      8. Hansen A/S
      9. DuPont de Nemours, Inc.
      10. Lallemand Inc.
  7. Analyst Views
  8. Future Outlook of the Market

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