Increasing Focus on Animal Health and Sustainability Gaining Traction for Market Growth
Furthermore, the rising awareness and enforcement of animal welfare standards drive the demand for animal feed additives that support overall animal health well-being, due to this many market players are increasingly focusing on launching products that prevent diseases and improve animal health using probiotics, prebiotics, and other health-enhancing additives. For instance, in April 2023, Kemin AquaScience announced to launch pathorol, a natural pathogen-based feed additive that reduces the impact of parasitic infection in farmed shrimps and promotes the hepatopancreatic health in shrimps, enabling healthy growth performance, reduces size variability and yield outcome in shrimp ponds.
Increasing Transparency, Traceability and Partnership Boosting Market Growth
However, growing emphasis on maintaining animal health and welfare, and rising demand for animal protein, resulting in increasing traceability of feed ingredients and the transparency of feed production processes and increasing partnerships and collaboration between market players and organisations to increase stricter regulations regarding animal feed safety and quality to adapt to new standards and practices. For instance, in April 2024, Phibro animal health corporation announced to acquire Zeotis medicated feed additives product portfolio, to increase focus on livestock investment including vaccines, biologic and genetic programs and expand strong relationship with consumer. In addition, in January 2023, Nutreco and BiomEdit announced partnership to produce innovative and novel feed additives based on microbiome technology and developing ultra-specialty ingredients that promotes feeding and animals health, resulting in boosting feed additives market.
Recent Trends in the Animal feed additive Industry;
- Inclination towards natural and organic product
- Increasing demand for natural feed additives
- Eco-friendly production techniques for animal feed additives
- Sustainability concerns are driving the development of eco-friendly feed additives
- Rising emphasis on improving animal health and welfare
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High Manufacturing Cost and Regulatory Challenges is Hampering Market Growth
Furthermore, ensuring that feed additives are effective and safe for animals, and have no adverse effects on animal health, is crucial and can be challenging. For instance, in June 2024, ADA animal nutrition expands product recall for animal feed products that elevates the level of sodium, calcium, magnesium and chlorides, resulting in harming cattle, chicken, wine and goat more by causing weight loss, decreased appetite, reducing feed efficiency , slow growth rate, weaken bones, egg productivity and mortality.
Advancement in Feed Technology and Improve Feed Conversion Rate is Propelling the Market Growth
However, continuous research and development are on-going to introduce improved feed additives, enhancing effectiveness and safety, and animal health in real time with sustainable product yield, and Increasing consumers demand for high quality and affordable healthy food, due to this many market players are launching innovative feed products that improves gut. For instance, in 2024, Novozyme and DSM announced to launch Balancius TM, an enzyme that improves the gut functionalities in broilers chicken by removing bacterial cell debris, helping better nutrient intake and growth and enabling farmers to produce 3% more feed from same amount of feed.
Additionally, with growing demand for building muscle and growth in animal essential for production of fluid such as milk, many market players are introducing amino-acid based animal feed additives, offering better reproductive health and promoting biochemical and metabolic process of livestock using minimal use of natural resources. For instance, in May 2023, Evonik announced to launch biolys product that contains L-lysine granulated with biomass, produce using fermentation process of corn, containing 62.4% L-lysine and valuable components resulting from fermentation process and additional nutrients and energy that further benefit livestock such as swine and poultry.
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Increasing Demand for High-Quality Animal Protein is Expanding Market Growth
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Animal Feed Additives Market Research Report Covers In-depth Analysis on:
- Animal feed additives market detailed segments and segment-wise market breakdown
- Animal feed additives market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in animal feed additives industry)
- Current, historical and forthcoming 10 years market valuation in terms of animal feed additives market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Animal feed additives market demand analysis
- Animal feed additives market pricing analysis over forecast period (by key segment and by region)
- Animal feed additives market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in animal feed additives market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in animal feed additives market
- Animal feed additives market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on animal feed additives market forecast by countries
- Mergers and acquisitions in animal feed additives market
- Essential information to enhance market position
- Robust research methodology