Summary

The global feed additives market is estimated to be valued at USD 45.38 billion in 2024 and is projected to reach USD 59.82 billion by 2029 at a CAGR of 5.7%.
The feed additives market is also benefiting from ongoing innovation and technological advancements. Companies are investing heavily in research and development to create new and improved products that cater to the evolving needs of the livestock industry. In December 2023, Adisseo (France) inaugurated its European R&I Centre, ELISE (European Lab for Innovation, Science & Expertise), located in Lyon, France. The center consolidates Research and Innovation teams focused on process chemistry, engineering, and nutrition research. With 100 researchers, the facility aims to foster collaboration with universities and regional technology partners. Additional research activities remain in Commentary, La Rochelle, and Toulouse, while Adisseo's global R&I workforce spans France, China, Singapore, and the USA.
The development of new feed additives aimed at reducing methane emissions is significantly contributing to the growth of the feed additives market. In January 2024, Clemson University, in partnership with the University of Florida and Auburn University, launched a project to develop safe, effective, and affordable feed additives to mitigate enteric methane emissions in grass-fed cattle. Methane is a potent greenhouse gas produced during ruminant digestion. Funded by a USD 5 million USDA grant, the project supports sustainability efforts and enhances demand for innovative feed solutions.
Innovations such as artificial intelligence and advanced enzyme formulations are enhancing feed performance and livestock management. These technologies are designed to address specific challenges in animal nutrition and health, providing more precise and effective solutions. In March 2023, MASCO (US) introduced AI audio sensors that revolutionized swine production by continuously monitoring respiratory events, thereby reducing mortality rates and improving herd health management. This system delivers real-time, objective alerts for timely intervention. Additionally, Danisco Animal Nutrition & Health, a business unit of IFF (US), has launched Axtra PRIME, an enzyme blend formulated to address key digestibility challenges in piglet production. This blend, which includes xylanase, beta-glucanase, alpha-amylase, and protease, enhances nutrient digestion and gut health, supporting faster growth and better performance during stressful periods such as weaning. These advancements reflect the industry’s commitment to leveraging technology to optimize animal health and feed efficiency.

“Disruptions in Feed Additives Market”
Raw material supply challenges in the feed additives market are exacerbated by various global factors, including volatile costs and supply chain disruptions. According to Alltech's 2024 Agri-Food Outlook, overall feed production slightly declined by 0.2% in 2023, reflecting the tightening margins and reduced demand for animal feed. This decline is linked to increasing production costs, geopolitical tensions, and changing consumption patterns driven by inflation. Additionally, certain sectors like beef feed witnessed more pronounced decreases due to stricter sustainability policies in Europe and shifts in cattle cycles in the U.S. Meanwhile, feed efficiency improvements are helping offset raw material disruptions in some regions, but fluctuations in costs and availability remain critical challenges impacting production and pricing globally.
The Key representative of animal nutrition at ADM (US) outlines four critical factors influencing the feed additives market in 2023: geopolitical tensions, food security, energy challenges, and the rise of plant-based protein. Heightened tensions between nations, notably the US-China rivalry and the Ukraine-Russia conflict, have disrupted global supply chains, creating significant challenges for feed ingredients like vitamins and amino acids, which are predominantly manufactured in China. Additionally, soaring energy costs have increased production and transportation expenses, further straining the industry. The growing development of plant-based and cultured proteins is also shifting demand away from animal protein, particularly in emerging markets.
These dynamics disrupt the feed additives market by increasing operational costs, complicating supply chain logistics, and reducing demand for traditional animal-based feed additives. However, opportunities remain in enhancing feed conversion efficiency, meeting consumer preferences for antibiotic-free livestock, and driving sustainability through innovations like methane-reducing seaweed additives. While growth is expected in aquaculture and poultry production across Asia and Africa, the market faces long-term hurdles such as slower growth rates, industry consolidation, and a pressing need to focus on sustainability and animal health.
“Poultry emerges as the dominant livestock segment during the forecast period.”
Poultry has emerged as the dominant segment in the livestock industry due to its significant economic contribution and steady production growth. According to USDA, In 2023, the combined value of production from broilers, eggs, turkeys, and chickens reached USD 67.1 billion, with broilers alone contributing 64% of this total, equivalent to USD 42.6 billion. This dominance is driven by the consistent demand for poultry meat, which is favored for its affordability and versatility compared to other meats. Broiler production amounted to 9.16 billion birds, with a total live weight of 59.7 billion pounds, reflecting a steady increase from the previous year. The egg sector followed, contributing 27% to the total value, underscoring the essential role of poultry in the global diet.
Key players are actively enhancing their offerings to meet rising consumer demand and improve production efficiency. In December 2023, Cargill introduced tailored solutions to improve poultry health and performance, including innovative feed additives like Dia V MBPRO and postbiotics. These advancements aim to reduce antibiotic use while addressing consumer preferences for healthier poultry products. Additionally, Cargill launched REVEAL Layers, a patent-pending NIR technology that provides real-time, mobile-accessible insights into the relationship between body fat and egg production in laying poultry. This tool allows for the optimization of diet composition, enhancing profitability and contributing to the segment's growth and innovation.
“Amino acids are estimated to dominate the feed additives market during the forecast period”
Amino acids are fundamental to animal growth and development. They are the building blocks of proteins, which are crucial for muscle development, tissue repair, and overall health in livestock. For instance, L-lysine and DL-methionine are essential amino acids often supplemented in poultry feed to meet the specific nutritional needs of broilers and layers. By ensuring that the diet contains adequate levels of these amino acids, producers can enhance growth rates and egg production. For example, L-lysine supplementation in broiler diets has been shown to improve weight gain and feed conversion ratios, leading to more efficient production and better economic returns.
Amino acids help in optimizing feed efficiency and reducing feed costs. By supplementing animal feeds with specific amino acids, feed manufacturers can formulate more balanced and nutrient-dense diets. This approach reduces the need for protein-rich ingredients such as soybean meal, which are often more expensive. Companies such as ADM (US) are innovating by offering amino acids in liquid and encapsulated forms. These formats improve nutritional absorption, reduce dust in feed mills, and enhance feed efficiency. Liquid lysine allows for accurate dosing and minimizes waste, contributing to a cleaner production environment.
“US is estimated to dominate the feed additives market in the North American region during the forecasted period”
Feed additives in North America are currently being dominated by the United States. With estimates indicating a rise in poultry meat, poultry products, and swine meat, investment towards the expansion of production capacities is expected to rise in the United States. Another reason for increased expenditure on livestock nutrition is the growing acceptance of precision feeding practices in order to satisfy high-quality feed demand. This has been a major factor in the increased use of effective feed additives in the region.
In June 2024, Kemin Industries Inc. (US) introduced FORMYL, a feed acidifier for swine in the US market. According to Kemin, FORMYL combines calcium formate and citric acid into a single product that will beneficially affect gut health, lead to the defeat of pathogens, and enhance digestion.
The strategic licensing deal Alltech (US) has formed with EnviroEquine (US) in September 2024, would be used in introducing the latter's equine nutritional supplements using Alltech's advanced technologies. The products would be strengthened with science-based solutions for greater efficacy while brand presence in North America and Europe is consolidated. It is according to the two companies' mutual commitment to sustainability and quality in animal nutrition. The initiatives by Kemin Industries and the partnership between Alltech and EnviroEquine clearly demonstrate the growing demand for feed additives in the North American market.
The break-up of the profile of primary participants in the feed additives market:
• By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
• By Designation: Directors – 20%, Managers – 50%, Others - 30%
• By Region: North America – 25%, Europe – 30%, Asia Pacific – 20%, South America – 15% and Rest of the World – 10%
Prominent companies include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), dsm-firmenich (Switzerland), Ajinomoto Co., Inc. (Japan), Novonesis Group (Denmark), Adisseo (France), Solvay (Belgium), Nutreco (Netherlands), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), BRF Global (Brazil), Bentoli (US), VITALAC (France), Alltech (US), Neospark Drugs and Chemicals Private Limited (India), Tex Biosciences (P) Ltd. (India), Volac International Ltd. (England), Global Nutrition International (France), Centafarm SRL (Italy), NUQO Feed additives (France), Palital Feed Additives B.V. (Netherlands), Novus International, Inc. (US) among others.
Research Coverage:
This research report categorizes the feed additives market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & sweeteners, Antibiotics, Minerals, Antioxidants, Nonprotein Nitrogen, Phytogenics, Preservatives, and Probiotics), Source (Natural and Synthetic), Form (Dry and Liquid), Livestock (Ruminants, Swine, Poultry, Aquatic Animals, Other Livestock), Functions (Gut Health, Palatability Enhancers, Growth Boosters, Immune System Support, Other Functions), and Region (North America, Europe, Asia Pacific, South America, and Rest of the World).
The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the feed additives market. It also provides a detailed analysis of the major players in the market, including their business overview, products offered; key strategies; partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the feed additives market is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall feed additives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increase in demand and consumption of livestock-based products), restraints (Ban on antibiotics in different nations), opportunities (Developing countries emerge as strong consumers of feed additives), and challenges (High Sustainability of feed and livestock chain) influencing the growth of the feed additives market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the feed additives market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the feed additives market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the feed additives market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), dsm-firmenich (Switzerland), Ajinomoto Co., Inc. (Japan), Novonesis Group (Denmark), Adisseo (France), Solvay (Belgium), Nutreco (Netherlands), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), BRF Global (Brazil), Bentoli (US), VITALAC (France), and Alltech (US), among others in the feed additives market strategies. The report also helps stakeholders understand the feed additives market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.3 STUDY SCOPE 34
1.3.1 MARKET SEGMENTATION 34
1.3.2 INCLUSIONS AND EXCLUSIONS 35
1.3.3 REGIONS COVERED 38
1.3.4 YEARS CONSIDERED 38
1.4 UNITS CONSIDERED 39
1.4.1 CURRENCY CONSIDERED 39
1.4.2 VOLUME UNIT CONSIDERED 39
1.5 STAKEHOLDERS 40
1.6 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
2.1.1 SECONDARY DATA 43
2.1.1.1 Key data from secondary sources 43
2.1.2 PRIMARY DATA 43
2.1.2.1 Key data from primary sources 44
2.1.2.2 Breakdown of primary profiles 44
2.1.2.3 Key insights from industry experts 45
2.2 MARKET SIZE ESTIMATION 46
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPES AND SUBTYPES, BY REGION) 47
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET) 48
2.2.3 SUPPLY-SIDE ANALYSIS 49
2.3 DATA TRIANGULATION 50
2.4 RESEARCH ASSUMPTIONS 51
2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 52
3 EXECUTIVE SUMMARY 53
4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FEED ADDITIVES MARKET 59
4.2 ASIA PACIFIC: FEED ADDITIVES MARKET, BY TYPE AND COUNTRY 59
4.3 FEED ADDITIVES MARKET, BY TYPE 60
4.4 FEED ADDITIVES MARKET, BY FORM 61
4.5 FEED ADDITIVES MARKET, BY SOURCE 61

4.6 FEED ADDITIVES MARKET, BY LIVESTOCK AND REGION 62
4.7 FEED ADDITIVES MARKET, BY KEY COUNTRY 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 MACROECONOMIC OUTLOOK 64
5.2.1 RISE IN DEMAND FOR COMPOUND FEED 64
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING REGIONS 65
5.3 MARKET DYNAMICS 66
5.3.1 DRIVERS 66
5.3.1.1 Increase in demand and consumption of livestock-based products 66
5.3.1.2 Growth in feed production 68
5.3.1.3 Rise in awareness about feed quality 69
5.3.1.4 Rise in global demand for naturally produced feed and feed additives 70
5.3.1.5 Standardization of meat products owing to disease outbreaks 70
5.3.1.6 Implementation of innovative animal husbandry practices to improve meat quality 71
5.3.2 RESTRAINTS 72
5.3.2.1 Ban on antibiotics in different nations 72
5.3.2.2 Volatile raw material prices 73
5.3.2.3 Stringent regulatory framework 73
5.3.3 OPPORTUNITIES 74
5.3.3.1 Shift toward natural growth promoters 74
5.3.3.2 Increase in demand for nutritional supplements for monogastric animals 75
5.3.4 CHALLENGES 75
5.3.4.1 Quality control of genetic feed additive products manufactured by Asian companies 75
5.3.4.2 Sustainability of feed and livestock chain 76
5.4 IMPACT OF GEN AI ON ANIMAL NUTRITION 77
5.4.1 INTRODUCTION 77
5.4.2 USE OF GEN AI IN ANIMAL NUTRITION 77
5.4.3 CASE STUDY ANALYSIS 78
5.4.3.1 Revolutionizing dairy nutrition through AI innovations 78
5.4.3.2 Enhancing livestock feed formulation through decision support tools 78
5.4.4 IMPACT ON FEED ADDITIVES MARKET 79
5.4.5 ADJACENT ECOSYSTEM WORKING ON GEN AI 79
6 INDUSTRY TRENDS 80
6.1 INTRODUCTION 80
6.2 SUPPLY CHAIN ANALYSIS 80
6.3 VALUE CHAIN ANALYSIS 81
6.3.1 RESEARCH AND PRODUCT DEVELOPMENT 81
6.3.2 RAW MATERIAL SOURCING 81
6.3.3 PRODUCTION 82
6.3.4 QUALITY CONTROL & SAFETY 82
6.3.5 DISTRIBUTION & LOGISTICS 82
6.3.6 MARKETING & SALES 82
6.3.7 END USERS 83
6.4 TRADE ANALYSIS 83
6.4.1 EXPORT SCENARIO OF ANIMAL FEEDING RELATED TO FEED ADDITIVES 83
6.4.2 IMPORT SCENARIO OF ANIMAL FEEDING RELATED TO FEED ADDITIVES 84
6.5 TECHNOLOGY ANALYSIS 86
6.5.1 KEY TECHNOLOGIES 86
6.5.1.1 Agglomeration (pelletizing) 86
6.5.1.2 Dosing systems 87
6.5.2 COMPLEMENTARY TECHNOLOGY 87
6.5.2.1 Animal health monitoring systems 87
6.5.3 ADJACENT TECHNOLOGIES 88
6.5.3.1 Precision nutrition 88
6.6 PRICING ANALYSIS 88
6.6.1 INTRODUCTION 88
6.6.2 INDICATIVE PRICE TREND AMONG KEY PLAYERS 89
6.6.3 AVERAGE SELLING PRICE TREND, BY LIVESTOCK, 2020–2024 90
6.6.4 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 91
6.7 ECOSYSTEM ANALYSIS/MARKET MAP 92
6.7.1 DEMAND SIDE 92
6.7.2 SUPPLY SIDE 92
6.8 TRENDS/DISRUPTIONS IMPACTING BUYERS 94
6.9 PATENT ANALYSIS 95
6.9.1 LIST OF MAJOR PATENTS 96
6.10 KEY CONFERENCES AND EVENTS, 2024–2025 99
6.11 TARIFF AND REGULATORY LANDSCAPE 100
6.11.1 TARIFF RELATED TO FEED ADDITIVES 100
6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100
6.11.3 REGULATIONS 105
6.11.3.1 Feed additives regulatory approval from European Union 105
6.11.3.2 Time duration for feed additives in register 106
6.11.3.3 Registration of feed additives 106
6.11.3.4 Packaging of feed additives 106
6.11.3.5 Labeling of feed additives 107
6.11.3.6 Manufacture and sale of feed additives 107
6.11.3.7 Import of feed additives 108
6.11.3.8 Revaluation of feed additives 108
6.11.4 REGULATORY FRAMEWORK, BY COUNTRY 108
6.11.4.1 US 108
6.11.4.1.1 Labeling 109
6.11.4.1.2 Association of American Feed Control Officials (AAFCO) 109
6.11.4.2 Canada 109
6.11.4.2.1 Legal authorities 109
6.11.4.3 China 110
6.11.4.4 European Union 110
6.11.4.5 Japan 111
6.11.4.6 South Africa 111
6.12 PORTER’S FIVE FORCES ANALYSIS 111
6.12.1 INTENSITY OF COMPETITIVE RIVALRY 112
6.12.2 BARGAINING POWER OF SUPPLIERS 113
6.12.3 BARGAINING POWER OF BUYERS 113
6.12.4 THREAT OF SUBSTITUTES 113
6.12.5 THREAT OF NEW ENTRANTS 113
6.13 KEY STAKEHOLDERS & BUYING CRITERIA 114
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 114
6.13.2 BUYING CRITERIA 114
6.14 CASE STUDIES 115
6.14.1 DSM EXPANSION IN INDIA TO OFFER NUTRIENT-RICH FEED ADDITIVES 115
6.14.2 RISING ANIMAL HEALTH RELATED PROBLEMS DRIVES THE DEMAND FOR FEED ADDITIVES 116
6.14.3 PICHIA GUILLIERMONDII IN AQUACULTURE FEED BY ADM 116
6.15 INVESTMENT & FUNDING SCENARIO 117
7 FEED ADDITIVES MARKET, BY TYPE 118
7.1 INTRODUCTION 119
7.2 AMINO ACIDS 123
7.2.1 METHIONINE 123
7.2.1.1 Ability to tailor amino acid supplements for livestock to drive market 123
7.2.2 LYSINE 123
7.2.2.1 Relatively high value and digestibility of lysine to boost market 123
7.2.3 THREONINE 124
7.2.3.1 Role in providing optimal protein synthesis to boost market 124
7.2.4 TRYPTOPHAN 124
7.2.4.1 Ability to improve protein utilization and stress reduction in livestock to drive market 124
7.2.5 OTHER AMINO ACIDS 124
7.3 PHOSPHATES 126
7.3.1 DICALCIUM PHOSPHATE 127
7.3.1.1 Role in regulating energy metabolism and maintaining adequate dietary levels for livestock to drive market 127
7.3.2 MONOCALCIUM PHOSPHATE 127
7.3.2.1 Ability to prevent abnormal development of bones in livestock to propel market 127
7.3.3 MON0-DICALCIUM PHOSPHATE 127
7.3.3.1 Enhancement of functioning of immune system to drive market 127
7.3.4 DEFLUORINATED PHOSPHATE 127
7.3.4.1 Role in reducing fluorine content in animal feed to boost market 127
7.3.5 TRICALCIUM PHOSPHATE 128
7.3.5.1 Role in enhancement of immune system and energy regulation of livestock to drive market 128
7.3.6 OTHER PHOSPHATES 128
7.4 VITAMINS 130
7.4.1 FAT-SOLUBLE VITAMINS 130
7.4.1.1 Role of vitamins as a key constituent of metabolic functions to drive market 130
7.4.2 WATER-SOLUBLE VITAMINS 131
7.4.2.1 Significance of water-soluble vitamins for optimum growth and development of livestock to drive market 131
7.5 ACIDIFIERS 133
7.5.1 PROPIONIC ACID 133
7.5.1.1 Role in silage production and prevention of fertility disorders in livestock to drive market 133
7.5.2 FORMIC ACID 133
7.5.2.1 Role in consistent feed formulations and feed preservation to drive market 133
7.5.3 CITRIC ACID 134
7.5.3.1 Importance of citric acid in enhancing immunity of vaccinated broilers to boost market 134
7.5.4 LACTIC ACID 134
7.5.4.1 Significance of lactic acid in improving animal health and productivity to drive market 134
7.5.5 SORBIC ACID 134
7.5.5.1 Importance of sorbic acid in feed preservation to drive market 134
7.5.6 MALIC ACID 134
7.5.6.1 Role as cost-efficient preservative and acidity regulator to drive market 134
7.5.7 BENZOIC ACID 134
7.5.7.1 Strong antimicrobial properties and low pungency to drive market 134
7.5.8 OTHER ACIDIFIERS 135
7.6 CAROTENOIDS 137
7.6.1 ASTAXANTHIN 137
7.6.1.1 Health benefits of astaxanthin to fuel market growth 137
7.6.2 CANTHAXANTHIN 138
7.6.2.1 Role of canthaxanthin in providing consistent egg color to boost market 138
7.6.3 LUTEIN 138
7.6.3.1 Health benefits of lutein and improvement of feed palatability to drive market 138
7.6.4 BETA CAROTENE 138
7.6.4.1 Improvement of reproductive performance of ruminants and protection against oxidative stress to accelerate market growth 138
7.6.5 OTHER CAROTENOIDS 138
7.7 ENZYMES 140
7.7.1 PHYTASE 141
7.7.1.1 Low cost and nutritional benefits to boost growth 141
7.7.2 CARBOHYDRASE 141
7.7.2.1 Significance in the improvement of digestibility of carbohydrates in feed ingredients to drive market 141
7.7.3 PROTEASE 141
7.7.3.1 Role in reduction of dietary protein levels of livestock to drive market 141
7.7.4 OTHER ENZYMES 141
7.8 MYCOTOXIN DETOXIFIERS 144
7.8.1 BINDERS 144
7.8.1.1 Increase in awareness regarding benefits of binders to drive market 144
7.8.2 MODIFIERS 145
7.8.2.1 Enhancement of feed by conversion of mycotoxin into lesser toxic compounds to drive market 145
7.9 FLAVORS & SWEETENERS 147
7.9.1 FEED FLAVORS 147
7.9.1.1 Rise in focus on improving livestock performance to drive market 147
7.9.2 FEED SWEETENERS 147
7.9.2.1 Role of sweeteners to mask undesired taste of feed to drive market 147
7.10 ANTIBIOTICS 149
7.10.1 TETRACYCLINE 150
7.10.1.1 Role in improvement of egg production and feed efficiency to drive market 150
7.10.2 PENICILLIN 150
7.10.2.1 Significance of penicillin as antibiotic to drive market 150
7.10.3 OTHER ANTIBIOTICS 150
7.11 MINERALS 152
7.11.1 POTASSIUM 152
7.11.1.1 Regulation of metabolism of proteins and carbohydrates to boost market 152
7.11.2 CALCIUM 152
7.11.2.1 Role of calcium in strengthening of bones and improvement of eggshell quality to drive market 152
7.11.3 PHOSPHORUS 153
7.11.3.1 Vital role of phosphorus in egg production and prevention of skeletal deformities to drive market 153
7.11.4 MAGNESIUM 153
7.11.4.1 Necessity of magnesium for bone growth and stability to drive market 153
7.11.5 SODIUM 153
7.11.5.1 Role of sodium in regulation of acid-base equilibrium and maintenance of osmotic pressure to drive market 153
7.11.6 IRON 153
7.11.6.1 Significance of iron in formation of hemoglobin and myoglobin to drive market 153
7.11.7 ZINC 153
7.11.7.1 Role of zinc in development of immune system and reproductive capacity to drive market 153
7.11.8 COPPER 154
7.11.8.1 Health benefits of copper and vital role in cellular respiration to boost market 154
7.11.9 MANGANESE 154
7.11.9.1 Role in efficient functioning of mitochondria in cells and prevention of oxidative stress to drive market 154
7.11.10 OTHER MINERALS 154
7.12 ANTIOXIDANTS 156
7.12.1 SYNTHETIC ANTIOXIDANTS 157
7.12.1.1 Role in protection of fat-soluble vitamins against oxidative degradation to drive market 157
7.12.2 NATURAL ANTIOXIDANTS 157
7.12.2.1 Fewer side effects than synthetic antioxidants to drive market 157
7.13 NONPROTEIN NITROGEN 159
7.13.1 UREA 159
7.13.1.1 Low cost and easy availability to drive market 159
7.13.2 AMMONIA 159
7.13.2.1 Role of ammonia in improving digestibility and increasing feed intake to drive market 159
7.13.3 OTHER NONPROTEIN NITROGEN 160
7.14 PHYTOGENICS 162
7.14.1 ESSENTIAL OILS 162
7.14.1.1 Role in improvement of gut health and healthy digestion in poultry to boost market 162
7.14.2 FLAVONOIDS 162
7.14.2.1 Improvement of gut health and heart stress control in livestock to boost market 162
7.14.3 SAPONINS 163
7.14.3.1 Role of saponins in suppressing intestinal and ruminal ammonia production to drive market 163
7.14.4 OLEORESINS 163
7.14.4.1 Role of oleoresins in imparting color, flavor, and aroma to livestock feed to drive market 163
7.14.5 OTHER PHYTOGENICS 163
7.15 PRESERVATIVES 165
7.15.1 MOLD INHIBITORS 166
7.15.1.1 Role of mold inhibitors in preventing mold growth and contamination to drive market 166
7.15.2 ANTICAKING AGENTS 166
7.15.2.1 Significance of anticaking agents in preventing accumulation of feed nutrients to drive market 166
7.16 PROBIOTICS 168
7.16.1 LACTOBACILLI 169
7.16.1.1 Potential to replace antibiotic growth promoters to drive market 169
7.16.2 BIFIDOBACTERIA 169
7.16.2.1 Benefits to adult livestock, such as controlling pH level of large intestine to accelerate market growth 169
7.16.3 STREPTOCOCCUS THERMOPHILUS 169
7.16.3.1 Usage in manufacture of various feed probiotic products to drive market 169
7.16.4 YEAST & FUNGI 169
7.16.4.1 Role in increased production of milk in dairy cattle to drive market 169
8 FEED ADDITIVES MARKET, BY LIVESTOCK 172
8.1 INTRODUCTION 173
8.2 POULTRY 175
8.2.1 RISE IN DEMAND FOR HIGH-QUALITY CHICKEN AND EGGS TO DRIVE MARKET 175
8.2.2 BROILERS 175
8.2.3 LAYERS 176
8.2.4 BREEDERS 176
8.3 RUMINANTS 177
8.3.1 INCREASE IN CONSUMPTION OF DAIRY PRODUCTS AND BEEF TO DRIVE DEMAND 177
8.3.2 CALF 178
8.3.3 DAIRY 178
8.3.4 BEEF 178
8.3.5 OTHER RUMINANTS 178
8.4 SWINE 180
8.4.1 RISE IN PORK TRADE AND CONCERNS OVER MEAT SAFETY TO BOOST MARKET 180
8.4.2 STARTERS 180
8.4.3 GROWERS 180
8.4.4 SOWS 180
8.5 AQUATIC ANIMALS 182
8.5.1 INCREASE IN AQUAFEED PRODUCTION TO DRIVE MARKET 182
8.5.2 FISH 182
8.5.3 CRUSTACEANS 182
8.5.4 MOLLUSKS 183
8.5.5 OTHER AQUATIC ANIMALS 183
8.6 OTHER LIVESTOCK 185
9 FEED ADDITIVES MARKET, BY SOURCE 187
9.1 INTRODUCTION 188
9.2 SYNTHETIC 189
9.2.1 COST-EFFECTIVENESS AND HIGH STABILITY PROPERTIES TO PROPEL GROWTH 189
9.3 NATURAL 190
9.3.1 ANTIBIOTIC CONCERNS TO DRIVE MARKET 190
10 FEED ADDITIVES MARKET, BY FORM 192
10.1 INTRODUCTION 193
10.2 DRY 194
10.2.1 CONVENIENCE IN STORAGE, HANDLING, AND TRANSPORTATION TO DRIVE MARKET 194
10.3 LIQUID 195
10.3.1 UNIFORM MIXING AND PRECISE DOSING OF LIQUID FEED ADDITIVES TO PROPEL MARKET 195
11 FEED ADDITIVES MARKET, BY FUNCTION 197
11.1 INTRODUCTION 197
11.2 GUT HEALTH 197
11.2.1 INCREASED DEMAND FOR HEALTHY GUT MICROBIOTA TO IMPROVE DIGESTION AND PREVENT GASTROINTESTINAL DISEASES 197
11.3 PALATABILITY ENHANCERS 197
11.3.1 IMPROVED TASTE, SMELL, AND OVERALL APPEAL OF ANIMAL FEED TO DRIVE DEMAND 197
11.4 GROWTH BOOSTERS 198
11.4.1 RISING DEMAND FOR MEAT TO DRIVE DEMAND FOR GROWTH BOOSTERS 198
11.5 IMMUNE SYSTEM SUPPORT 198
11.5.1 INCREASED DISEASE INCIDENCES TO DRIVE DEMAND 198
11.6 OTHER FUNCTIONS 198
12 FEED ADDITIVES MARKET, BY REGION 199
12.1 INTRODUCTION 200
12.2 NORTH AMERICA 203
12.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 203
12.2.2 US 209
12.2.2.1 Increasing trend of precision feeding techniques to boost demand for effective feed additives 209
12.2.3 CANADA 210
12.2.3.1 Rise in demand for meat and lenient regulations pertaining to use of growth promoters to boost market 210
12.2.4 MEXICO 212
12.2.4.1 Significant rise in livestock production to drive feed additive consumption in Mexico 212
12.3 EUROPE 213
12.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 213
12.3.2 SPAIN 218
12.3.2.1 Increased preference for meat and dairy products to boost market 218
12.3.3 RUSSIA 219
12.3.3.1 Increasing feed production rate to drive market 219
12.3.4 GERMANY 220
12.3.4.1 Technological advancements in livestock management to drive market 220
12.3.5 FRANCE 222
12.3.5.1 High domestic demand for meat products to drive market 222
12.3.6 ITALY 223
12.3.6.1 Focus on improving animal health and nutrition to drive market 223
12.3.7 UK 224
12.3.7.1 Rising demand for high-quality meat and dairy products to boost market 224
12.3.8 REST OF EUROPE 226
12.4 ASIA PACIFIC 227
12.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC & OCEANIA 227
12.4.2 CHINA 233
12.4.2.1 Large feed production to drive market 233
12.4.3 INDIA 234
12.4.3.1 Increased consumption of meat and dairy products to drive market 234
12.4.4 JAPAN 236
12.4.4.1 Increasing consumer demand for premium animal-based products to drive market 236
12.4.5 THAILAND 237
12.4.5.1 Export opportunities in poultry and aquaculture industry to drive market 237
12.4.6 INDONESIA 239
12.4.6.1 High demand for feed due to growing poultry sector to drive market 239
12.4.7 REST OF ASIA PACIFIC 240
12.5 SOUTH AMERICA 241
12.5.1 MACROECONOMIC OUTLOOK FOR LATIN AMERICA 242
12.5.2 BRAZIL 246
12.5.2.1 Brazil's thriving meat export industry to drive market 246
12.5.3 ARGENTINA 247
12.5.3.1 High consumption of meat and thriving livestock industry to drive market 247
12.5.4 REST OF SOUTH AMERICA 248

12.6 REST OF THE WORLD (ROW) 249
12.6.1 MACROECONOMIC OUTLOOK FOR ROW 250
12.6.2 MIDDLE EAST 254
12.6.2.1 Rising demand for animal-based products to drive market 254
12.6.3 AFRICA 256
12.6.3.1 Increase in disease outbreaks to drive market 256
13 COMPETITIVE LANDSCAPE 258
13.1 OVERVIEW 258
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 259
13.3 REVENUE ANALYSIS, 2021–2023 260
13.4 MARKET SHARE ANALYSIS, 2023 261
13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 264
13.5.1 STARS 264
13.5.2 EMERGING LEADERS 264
13.5.3 PERVASIVE PLAYERS 264
13.5.4 PARTICIPANTS 265
13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 266
13.5.5.1 Company footprint 266
13.5.5.2 Region footprint 267
13.5.5.3 Type footprint 268
13.5.5.4 Livestock footprint 269
13.5.5.5 Form footprint 270
13.5.5.6 Source footprint 271
13.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 272
13.6.1 PROGRESSIVE COMPANIES 272
13.6.2 RESPONSIVE COMPANIES 272
13.6.3 DYNAMIC COMPANIES 272
13.6.4 STARTING BLOCKS 272
13.6.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023 274
13.6.5.1 Detailed list of key startups/SMEs 274
13.6.5.2 Competitive benchmarking of key startups/SMEs 274
13.7 COMPANY VALUATION AND FINANCIAL METRICS 276
13.7.1 COMPANY VALUATION 276
13.7.2 EV/EBITDA 276
13.8 BRAND COMPARISON ANALYSIS 277
13.8.1 CARGILL, INCORPORATED (DELACON) 277
13.8.2 ADM (PANCOSMA) 277
13.8.3 NUTRECO (SELKO) 278
13.8.4 ADISSEO (RHODIMET) 278
13.8.5 DSM-FIRMENICH (MYCOFIX) 278

13.9 COMPETITIVE SCENARIO AND TRENDS 278
13.9.1 PRODUCT LAUNCHES 279
13.9.2 DEALS 280
13.9.3 EXPANSIONS 281
13.9.4 OTHERS 282
14 COMPANY PROFILES 283
14.1 KEY PLAYERS 283
14.1.1 CARGILL, INCORPORATED 283
14.1.1.1 Business overview 283
14.1.1.2 Products/Solutions/Services offered 284
14.1.1.3 Recent developments 286
14.1.1.3.1 Deals 286
14.1.1.3.2 Expansions 288
14.1.1.4 MnM view 288
14.1.1.4.1 Key strengths 288
14.1.1.4.2 Strategic choices 288
14.1.1.4.3 Weaknesses and competitive threats 288
14.1.2 ADM 289
14.1.2.1 Business overview 289
14.1.2.2 Products/Solutions/Services offered 290
14.1.2.3 Recent developments 294
14.1.2.3.1 Product launches 294
14.1.2.3.2 Deals 295
14.1.2.3.3 Expansions 295
14.1.2.4 MnM view 295
14.1.2.4.1 Key strengths 295
14.1.2.4.2 Strategic choices 296
14.1.2.4.3 Weaknesses and competitive threats 296
14.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC. 297
14.1.3.1 Business overview 297
14.1.3.2 Products/Solutions/Services offered 298
14.1.3.3 Recent developments 300
14.1.3.3.1 Product launches 300
14.1.3.3.2 Expansions 301
14.1.3.4 MnM view 302
14.1.3.4.1 Key strengths 302
14.1.3.4.2 Strategic choices 302
14.1.3.4.3 Weaknesses and competitive threats 302

14.1.4 EVONIK INDUSTRIES AG 303
14.1.4.1 Business overview 303
14.1.4.2 Products/Solutions/Services offered 304
14.1.4.3 Recent developments 306
14.1.4.3.1 Product launches 306
14.1.4.3.2 Deals 306
14.1.4.3.3 Expansions 307
14.1.4.4 MnM view 308
14.1.4.4.1 Key strengths 308
14.1.4.4.2 Strategic choices 308
14.1.4.4.3 Weaknesses and competitive threats 308
14.1.5 BASF SE 309
14.1.5.1 Business overview 309
14.1.5.2 Products/Solutions/Services offered 310
14.1.5.3 Recent developments 313
14.1.5.3.1 Product launches 313
14.1.5.3.2 Deals 313
14.1.5.4 MnM view 314
14.1.5.4.1 Right to win 314
14.1.5.4.2 Strategic choices 314
14.1.5.4.3 Weaknesses and competitive threats 314
14.1.6 DSM-FIRMENICH 315
14.1.6.1 Business overview 315
14.1.6.2 Products/Solutions/Services offered 316
14.1.6.3 Recent developments 319
14.1.6.3.1 Deals 319
14.1.6.3.2 Expansions 321
14.1.6.4 MnM view 321
14.1.7 ALLTECH 322
14.1.7.1 Business overview 322
14.1.7.2 Products/Solutions/Services offered 323
14.1.7.3 Recent developments 324
14.1.7.3.1 Product launches 324
14.1.7.3.2 Deals 325
14.1.7.4 MnM view 325
14.1.8 AJINOMOTO CO., INC. 326
14.1.8.1 Business overview 326
14.1.8.2 Products/Solutions/Services offered 328
14.1.8.3 Recent developments 328
14.1.8.3.1 Deals 328
14.1.8.4 MnM view 328

14.1.9 NOVONESIS GROUP 329
14.1.9.1 Business overview 329
14.1.9.2 Products/Solutions/Services offered 330
14.1.9.3 Recent developments 334
14.1.9.3.1 Deals 334
14.1.9.4 MnM view 334
14.1.10 ADISSEO 335
14.1.10.1 Business overview 335
14.1.10.2 Products/Solutions/Services offered 336
14.1.10.3 Recent developments 338
14.1.10.3.1 Deals 338
14.1.10.3.2 Expansions 339
14.1.10.4 MnM view 339
14.1.11 JUBILANT INGREVIA LIMITED 340
14.1.11.1 Business overview 340
14.1.11.2 Products/Solutions/Services offered 342
14.1.11.3 Recent developments 342
14.1.11.4 MnM view 342
14.1.12 NUTRECO 343
14.1.12.1 Business overview 343
14.1.12.2 Products/Solutions/Services offered 343
14.1.12.3 Recent developments 345
14.1.12.3.1 Deals 345
14.1.12.3.2 Expansions 347
14.1.12.4 MnM view 347
14.1.13 BRF GLOBAL 348
14.1.13.1 Business overview 348
14.1.13.2 Products/Solutions/Services offered 349
14.1.13.3 Recent developments 350
14.1.13.3.1 Deals 350
14.1.13.4 MnM view 350
14.1.14 VOLAC INTERNATIONAL LTD. 351
14.1.14.1 Business overview 351
14.1.14.2 Products/Solutions/Services offered 351
14.1.14.3 Recent developments 353
14.1.14.3.1 Expansions 353
14.1.14.3.2 Others 353
14.1.14.4 MnM view 353

14.1.15 KEMIN INDUSTRIES, INC. 354
14.1.15.1 Business overview 354
14.1.15.2 Products/Solutions/Services offered 355
14.1.15.3 Recent developments 357
14.1.15.3.1 Product launches 357
14.1.15.3.2 Deals 358
14.1.15.3.3 Expansions 358
14.1.15.4 MnM view 358
14.1.16 LALLEMAND INC. 359
14.1.16.1 Business overview 359
14.1.16.2 Products/Solutions/Services offered 359
14.1.16.3 Recent developments 361
14.1.16.3.1 Deals 361
14.1.16.4 MnM view 361
14.1.17 BENTOLI 362
14.1.17.1 Business overview 362
14.1.17.2 Products/Solutions/Services offered 362
14.1.17.3 Recent developments 364
14.1.17.3.1 Deals 364
14.1.17.4 MnM view 364
14.1.18 NEOSPARK DRUGS AND CHEMICALS PRIVATE LIMITED 365
14.1.18.1 Business overview 365
14.1.18.2 Products/Solutions/Services offered 365
14.1.18.3 Recent developments 366
14.1.18.4 MnM view 366
14.1.19 NOVUS INTERNATIONAL, INC. 367
14.1.19.1 Business overview 367
14.1.19.2 Products/Solutions/Services offered 367
14.1.19.3 Recent developments 369
14.1.19.3.1 Deals 369
14.1.19.4 MnM view 370
14.1.20 GLOBAL NUTRITION INTERNATIONAL 371
14.1.20.1 Business overview 371
14.1.20.2 Products/Solutions/Services offered 371
14.1.20.3 Recent developments 373
14.1.20.4 MnM view 373
14.2 OTHER PLAYERS 374
14.2.1 VITALAC 374
14.2.2 TEX BIOSCIENCES (P) LTD. 375
14.2.3 CENTAFARM SRL 376
14.2.4 NUQO FEED ADDITIVES 378

14.2.5 PALITAL FEED ADDITIVES B.V. 379
14.2.6 PHYTOBIOTICS FUTTERZUSATZSTOFFE GMBH 380
15 ADJACENT AND RELATED MARKETS 381
15.1 INTRODUCTION 381
15.2 LIMITATIONS 381
15.3 AQUAFEED MARKET 381
15.3.1 MARKET DEFINITION 381
15.3.2 MARKET OVERVIEW 382
15.4 FEED PHOSPHATES MARKET 383
15.4.1 MARKET DEFINITION 383
15.4.2 MARKET OVERVIEW 383
15.5 COMPOUND FEED MARKET 384
15.5.1 MARKET DEFINITION 384
15.5.2 MARKET OVERVIEW 384
16 APPENDIX 385
16.1 DISCUSSION GUIDE 385
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 394
16.3 CUSTOMIZATION OPTIONS 396
16.4 RELATED REPORTS 396
16.5 AUTHOR DETAILS 397