Global Feed Additives Market 2023-2029

Feed additives are substances that are added to animal feed to improve the nutritional value, palatability, and overall quality of the feed. They are commonly used in the livestock and poultry industries to improve animal health, growth, and productivity. Feed additives can be divided into several categories, including nutritional additives, such as vitamins and minerals, amino acids, and enzymes; sensory additives, such as flavors and sweeteners; and performance-enhancing additives, such as antibiotics, hormones, and growth promoters. The global feed additives market is anticipated to increase by USD 15.2 billion till 2029 at an average annual growth of 5.54 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global feed additives market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the amino acids, animal type, and region. The global market for feed additives can be segmented by amino acids: binders, minerals, antibiotics, probiotics, prebiotics, acidifiers, mycotoxin detoxifiers, vitamins, yeast, enzymes, others. The amino acids segment was the largest contributor to the global feed additives market in 2022. Feed additives market is further segmented by animal type: poultry, ruminants, swine, others. According to the research, the poultry segment had the largest share in the global feed additives market. Based on region, the feed additives market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest revenue share in 2022.

The antibiotics market is further segmented into tetracyclines, Penicillins. The tetracyclines segment is estimated to account for the largest share of the global feed additives market. Furthermore, the vitamins market has been categorized into vitamin A, vitamin B, vitamin C, vitamin E, others. The vitamin B segment held the largest share of the global feed additives market in 2022 and is anticipated to hold its share during the forecast period. The amino acids market is further divided into tryptophan, lysine, methionine, threonine, others. In 2022, the lysine segment made up the largest share of revenue generated by the feed additives market. The mycotoxin detoxifiers market is further segmented into binders, biotransformers. The binders segment is estimated to account for the largest share of the global feed additives market. Furthermore, the prebiotics market has been categorized into inulin, Galacto oligosaccharide, Fructo oligosaccharides, others. The inulin segment held the largest share of the global feed additives market in 2022 and is anticipated to hold its share during the forecast period. The probiotics market is further divided into lactobacilli, bifidobacteria, others. In 2022, the lactobacilli segment made up the largest share of revenue generated by the feed additives market. The binders market is further segmented into natural binders, synthetic binders. The synthetic binders segment is estimated to account for the largest share of the global feed additives market. Furthermore, the minerals market has been categorized into microminerals, macrominerals. The macrominerals segment held the largest share of the global feed additives market in 2022 and is anticipated to hold its share during the forecast period.

Market Segmentation
By amino acids: binders, minerals, antibiotics, probiotics, prebiotics, acidifiers, mycotoxin detoxifiers, vitamins, yeast, enzymes, others
By animal type: poultry, ruminants, swine, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Bluestar Adisseo Co., Ltd., BASF SE, DuPont de Nemours Inc., Archer Daniels Midland Company (ADM), Cargill Inc., Kemin Industries Inc., Nutreco NV, Phibro Animal Health Corp., Lallemand Inc., Alltech Inc., Novozymes AS, Elanco Animal Health Incorporated, Sumitomo Corporation, Evonik Industries AG, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global feed additives market.
• To classify and forecast the global feed additives market based on amino acids, animal type, region.
• To identify drivers and challenges for the global feed additives market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global feed additives market.
• To identify and analyze the profile of leading players operating in the global feed additives market.

Why Choose This Report
• Gain a reliable outlook of the global feed additives market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.