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Animal Feed Additives Market Trends

  • Report ID: GMI144
  • Published Date: Aug 2024
  • Report Format: PDF

Animal Feed Additives Market Trends

Natural and organic feed additives are in greater demand as customers become more aware of the safety and quality of animal products. Consumers and producers share a common interest for animal welfare and health. Due to this, there is now more focus on feed additives that support gut health, boost immune system performance, and increase overall animal performance. To accomplish these goals, probiotics, prebiotics, enzymes, and organic acids are employed.
 

Regulatory constraints and customer demand for meat devoid of antibiotics have caused the use of antibiotic growth promoters in animal feed to decline. Since antibiotics are no longer necessary, there are now prospects for substitute additives including probiotics, prebiotics, essential oils, and organic acids that can boost animal health and performance.
 

New feed additives with enhanced efficacy and safety have been created because of ongoing research and technical breakthroughs. For instance, delicate ingredients are protected and their targeted release in the digestive system is ensured using encapsulation methods.
 

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of animal feed additives reached USD 23.9 billion in 2023 and will grow at a 4.4% CAGR from 2024 to 2032, due to the increasing demand for animal protein.

The vitamins segment will demonstrate a 2.8% CAGR through 2032, driven by the need for enhancing livestock health and productivity.

Asia Pacific market is projected to reach USD 12.1 billion by 2032, due to increasing demand for high-quality animal products, rising awareness of animal health, and the need for enhanced feed efficiency.

Alltech Inc., Biomin Holdings GmbH, Dr. Eckel GmbH, Impextraco, IPTSA (Industrial T

Animal Feed Additives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 172
  • Countries covered: 45
  • Pages: 200
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