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Animal Feed Additives - Global Market Trajectory & Analytics

  • ID: 338919
  • Report
  • June 2021
  • Region: Global
  • 515 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ADDCON GmbH
  • Alltech Inc.
  • Chr. Hansen A/S
  • DSM Nutritional Products
  • Evonik Industries AG
  • METEX NØØVISTAGO

Global Animal Feed Additives Market to Reach $18 Billion by 2026


Feed additives constitute the most important component in animal nutrition, and have emerged as essential constituent for improving quality of feed and thereby health and performance of animals. Industrialization of meat production, growing awareness regarding the importance of a diet rich in proteins, and growing consumption of meat are driving demand for animal feed additives. Also, the growing awareness regarding consumption of disease-free and high quality meat has boosted the demand for feed additives. Meat consumption increased in some of the fast developing countries in the region, backed by technological advancements in meat processing. Meat quality remains crucial in developed countries of North America and Europe, providing ample support to continued demand growth for feed additives in these markets. Increased regulatory supervision also led to standardization of meat products, which is driving demand for various feed additives.

Amid the COVID-19 crisis, the global market for Animal Feed Additives estimated at US$13.4 Billion in the year 2020, is projected to reach a revised size of US$18 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Amino Acids, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$6.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Antibiotics/Antibacterials segment is readjusted to a revised 4.2% CAGR for the next 7-year period. This segment currently accounts for a 25% share of the global Animal Feed Additives market. Amino Acids constitute the largest segment, owing to their ability to regulate all metabolic processes. Amino acid-based feed additives are also vital in ensuring proper weight gain and faster growth of livestock. Lysine especially is used in the form of growth promoter in swine and cattle feed. Antibiotics were once the popular feed additives for their medical as well as non-medical uses. Their perceived ability to improve yield led to their unscrupulous use, although increased resistance to various antibacterial drugs led to their higher scrutiny in feed usage. Europe and a few other countries, including the US recently, banned their usage, while a few others are expected to toe the line in the near future.

The U.S. Market is Estimated at $2.8 Billion in 2021, While China is Forecast to Reach $4.4 Billion by 2026


The Animal Feed Additives market in the U.S. is estimated at US$2.8 Billion in the year 2021. The country currently accounts for a 20.43% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$4.4 Billion in the year 2026 trailing a CAGR of 6.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$4.7 Billion by the end of the analysis period. Asia-Pacific represents the leading regional market, driven by the region`s emergence as a leading exporter of meat. One of the key growth driving factors for the market in this region lately has been the ban on usage of last-resort antibiotic, Colistin, in animal feed from China in the year 2017. Going forward, feed additives demand in the region is anticipated to be the strongest from the aqua feed market segment due to the rapid increase in aquaculture activities, which is in turn supported by the rising demand for seafood products across many Asian countries including China, India, and Vietnam among others. Europe and North America represent the other two leading markets. In Europe, Russia is an important market with strong government push for reducing meat imports and increasing domestic production driving market gains.

Vitamins Segment to Reach $1.9 Billion by 2026


Vitamins, including B12, B6, B2, B1, K, E, D, C, A and folic acid, caplan, niacin, and biotin are used as additives. Of these, Vitamin E constitutes the most extensively consumed vitamin because it can enhance stability, compatibility, handling and dispersion features for fortification of feed. Increasing demand for protein, cost-effective management of agricultural commodities, and industrialization is boosting the demand for feed-grade vitamins. In the global Vitamins segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$968.8 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$319.3 Million by the year 2026, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 272 Featured) -

  • ADDCON GmbH
  • Adisseo France SAS
  • Ajinomoto Co., Inc.
  • Alltech Inc.
  • Archer Daniels Midland Company
  • BASF SE
  • Cargill, Inc.
  • Chr. Hansen A/S
  • CJ CheilJedang Corp.
  • DelaconBiotechnik GmbH
  • DSM Nutritional Products
  • Eastman Chemical Company
  • Elanco Animal Health
  • Evonik Industries AG
  • Kemin Industries, Inc.
  • Lonza Group Ltd.
  • METEX NØØVISTAGO
  • Novozymes A/S
  • Novus International, Inc.
  • Nutreco N.V.
  • Pancosma SA
  • Phibro Animal Health Corporation
  • Provimi Holding B.V.
  • The Mosaic Company
  • Zoetis, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ADDCON GmbH
  • Alltech Inc.
  • Chr. Hansen A/S
  • DSM Nutritional Products
  • Evonik Industries AG
  • METEX NØØVISTAGO
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic-Induced Supply Chain Disruptions Impact Animal Feed Additives Industry
  • An Introduction to Animal Feed Additives
  • Types of Animal Feed Additives
  • Antibiotics/Antibacterials
  • Vitamins
  • Amino Acids
  • Antioxidants
  • Enzymes
  • Feed Acidifiers
  • Animal Feed Additives: A Prelude
  • Global Market Prospects & Outlook
  • Amino Acids Lead the Global Market
  • Developing Economies to Spearhead Long-term Growth
  • Competition
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Trends in Meat Production and Consumption Influence Growth Opportunities in Animal Feed Additives Market
  • Exhibit 2: Global Meat Production in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Exhibit 3: Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Changing Consumer Lifestyles and Growing Demand for Processed Meat
  • Exhibit 4: Energy, Water, Protein and Fat Content for Meat & Eggs Vis-à-vis Grains, Fruits & Vegetables, and Beverages (per 100 grams)
  • Rising Consumption of Poultry Meat Spurs Opportunities
  • Exhibit 5: Global Chicken Meat Production in Thousand Metric Tons (Ready to Cook Equivalent) by Country/Region for 2017-2021
  • Exhibit 6: Global Chicken Meat Consumption in Thousand Metric Tons (Ready to Cook Equivalent) by Country/Region for 2017-2021
  • Pork Meat: A Major Market for Animal Feed Additives
  • Exhibit 7: Global Pork Meat Production in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Exhibit 8: Global Pork Meat Consumption in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Beef & Veal: Demand Trends Support Growth in Feed Additives Market
  • Exhibit 9: Global Production of Beef & Veal in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Exhibit 10: Global Consumption of Beef & Veal in Thousand Metric Tons (Carcass Weight Equivalent) by Country/Region for 2017-2021
  • Rising Importance of Amino Acids in Animal Feed Drives Market Growth
  • Demand for Protein-Rich Diets Dictate Demand for Amino Acids as Feed Additives
  • Ban on Antibiotics Boosts Demand for Amino Acids as Feed Additives
  • Lysine: A Prominent Feed-Grade Amino Acids
  • Exhibit 11: Global Lysine Market Breakdown of Revenues by End-Use (in %) for the Year 2020
  • Methionine Emerges as Another Key Additive for Animal Feed
  • Exhibit 12: Global Methionine Market by End-Use Industry (in %) for 2020
  • Synthetic Methionine in Poultry Diet
  • China: A Major Methionine Market
  • DL-Methionine: An Eco-Friendly Option for Animal Nutrition
  • Focus on Amino Acid Balancing for Ruminants
  • Growing Prominence of Amino Acids in Fish Farming
  • Exhibit 13: Global Aquaculture Production (in Mt) for the Years 2011 through 2027
  • Exhibit 14: Aquaculture as % of Fish & Seafood Production by Region for 2008, 2018 and 2028
  • Focus on Animal Disease Management Stimulates Demand
  • Antibiotics Market: Increasing Focus on Clamping Down Antibiotics Usage as Growth Promoters
  • A Gist of AGP Ban and Prescription Requirements Status in Select Countries
  • Use of Growth-Promoting Antibiotics Wanes
  • Therapeutic Antibiotics Register Growth despite Ban on AGPs
  • Emerging Alternatives for AGPs
  • Feed-Grade Vitamins: Poised for Healthy Growth
  • Rising Demand for Feed Enzymes in Animal Feed
  • Exhibit 15: Global Animal Feed Enzymes Market Breakdown by Application (in %) for 2020
  • Exhibit 16: Global Animal Feed Enzymes Market Breakdown by Product Type (in %) for 2020
  • Encapsulated Acidifiers to Grow at a Rapid Pace
  • Compound Feed Additives Register Increasing Demand
  • Exhibit 17: Global Compound Feed Production Volume (in Million Metric Tons) by Region for 2020
  • Exhibit 18: Worldwide Compound Feed Production Volume Breakdown (in %) by Country for 2020
  • Exhibit 19: Compound Feed Market: Breakdown of Production Volume by Type for 2020
  • Exhibit 20: Number of Compound Feed Mills Worldwide by Region: 2020
  • Natural Growth Promoters (NGPs): Aiming for Prevention than Cure
  • Demand for Organic Trace Minerals on the Rise
  • Rising Trend towards Use of Natural Ingredients in Feed Additives
  • Phytogenic Feed Additives: Natural Attributes Drive Opportunities
  • Eubiotics Gain Prominence as Animal Feed Additives
  • Exhibit 21: Global Eubiotics Market Breakdown of Revenues by End-Use (in %) for 2020
  • Probiotic Additives Find Favor in Animal Feed
  • Exhibit 22: Global Market for Probiotics in Animal Feed by Microbial Genus (in %) for 2020
  • Demand for Animal Feed Prebiotics Heats Up
  • Exhibit 23: Global Feed Prebiotics Market by Prebiotic Type (in %) for the Year 2020
  • Fructans: Widely Researched Prebiotic in Animal Feed
  • Prebiotics for Poultry Feed Offers Huge Untapped Potential
  • Milk Oligosaccharides in Pet Food
  • Organic Acids: A Major Dietary Additive for Growth of Post-Weaning Piglets
  • Specialty Feed Additives: Providing Essential Nutrients to Animals
  • Medicated Feed Additives: Concerns over Antibiotic Resistance Present Challenges
  • Essential Oils in the Want of Further Research to Prove Efficacy
  • Red Seaweed as a Feed Additive Holds Potential to Stop Methane Production
  • Micro-encapsulation Aids in Enhanced Utilization Rates
  • Manufacturers Focus on Product Innovations to Improve Efficacy
  • Changing Feed Technologies to Impact Feed Additives Market
  • Price: A Key Factor Influencing Growth in Animal Feed Additives Market
  • Macro Factors Influencing Trends in the Animal Feed Additives Market
  • Ballooning Global Population
  • Exhibit 24: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Trend
  • Exhibit 25: World Urban Population in Thousands: 1950-2050P
  • Expanding Middle Class Population
  • Exhibit 26: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Exhibit 27: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • United States: A Leading Feed Additives Market
  • Impact of COVID-19 Pandemic on Animal Feed Market
  • Growth in Animal Protein Market to Support Demand for Feed Additives
  • Exhibit 28: US Meat Consumption in 1,000 Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • Exhibit 29: US Meat Production in 1,000 Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
  • FDA Curbs on Antibiotic Usage for Farm Animals Presents Opportunities for Natural Feed Additives
  • Regulatory Environment
  • Market Analytics
CANADA
  • Market Overview
  • Canada Focuses on Limiting Use of Antibiotics in Livestock
  • A Peek into Canadian Meat Market
  • Exhibit 30: Canadian Beef & Veal and Pork Meat Production in 1,000 Metric Tons for the Years 2017-2021
  • Market Analytics
JAPAN
  • Market Overview
  • Market Analytics
CHINA
  • Market Overview
  • Meat Production and Consumption in China
  • Exhibit 31: Meat Production in Thousand Metric Tons by Type in China for 2017-2021
  • Exhibit 32: Meat Consumption in Thousand Metric Tons by Type in China for 2017-2021
  • Rising Use of Amino Acids in Feed Additives
  • Lysine Rapidly Replaces Soybean Meal
  • Whey Proteins Find Prominence in Animal Feed
  • Market Analytics
EUROPE
  • Market Overview
  • Meat Market in Europe: A Review
  • Exhibit 33: EU Meat Production in Thousand Metric Tons for 2017-2021
  • Animal Feeds Drive Opportunities for Amino Acids Market in Europe
  • Exhibit 34: Feed Amino Acids Production Volume (in Million Metric Tons) by Select European Countries: 2019
  • Technological Advancements & Focus on Health Foster Amino Acids Market
  • Adoption of Alternative Growth Promoters Benefits Demand
  • Europe Represents Bright Spot in Global Feed Phytogenic Market
  • Market Analytics
FRANCE

GERMANY
  • Market Overview
  • Market Analytics
ITALY

UNITED KINGDOM

SPAIN

RUSSIA
  • Market Overview
  • Market Analytics
REST OF EUROPE

ASIA-PACIFIC
  • Market Overview
  • Market Analytics
AUSTRALIA
  • Market Overview
  • Market Analytics
INDIA
  • Market Overview
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL
  • Market Overview
  • Exhibit 35: Meat Production in Thousand Metric Tons in Brazil for 2017-2021
  • Market Analytics
MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 272
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ADDCON GmbH
  • Adisseo France SAS
  • Ajinomoto Co., Inc.
  • Alltech Inc.
  • Archer Daniels Midland Company
  • BASF SE
  • Cargill, Inc.
  • Chr. Hansen A/S
  • CJ CheilJedang Corp.
  • DelaconBiotechnik GmbH
  • DSM Nutritional Products
  • Eastman Chemical Company
  • Elanco Animal Health
  • Evonik Industries AG
  • Kemin Industries, Inc.
  • Lonza Group Ltd.
  • METEX NØØVISTAGO
  • Novozymes A/S
  • Novus International, Inc.
  • Nutreco N.V.
  • Pancosma SA
  • Phibro Animal Health Corporation
  • Provimi Holding B.V.
  • The Mosaic Company
  • Zoetis, Inc.
Note: Product cover images may vary from those shown
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