Nutritional Feed Additives Market Size and Forecast 2024-2033|BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V

Overview and Scope

Nutritional feed additives various types of products used in animal nutrition to improve the nutritional content and quality of feed, or to improve the health and performance of animals. They help improve the nutritional content and quality of feed, resulting in higher productivity and disease prevention.

Sizing and Forecast

The nutritional feed additives market size has grown strongly in recent years. It will grow from $4.18 billion in 2023 to $4.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to livestock health and productivity, disease prevention, nutritional supplementation, increased meat and dairy production.

The nutritional feed additives market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to sustainable animal agriculture, antibiotic alternatives, precision livestock farming, product innovation. Major trends in the forecast period include functional feed additives, amino acids and protein supplements, omega-3 fatty acids, sustainable and ethical farming.

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Segmentation & Regional Insights

The nutritional feed additives market covered in this report is segmented –

1) By Form: Dry, Liquid, Other Forms

2) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals

3) By Livestock: Ruminants, Poultry, Swine, Aquatic

4) By Distribution Channel: Direct, Indirect, Hypermarket/Supermarket, Specialty Stores, Online Retail

North America was the largest region in the nutritional feed additives market in 2023. Asia-Pacific was the second-largest region in the nutritional feed additives market report. The regions covered in the nutritional feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rise in consumption of meat products is one of the driving factors for the nutritional feed additives market. Due to high meat consumption, the concern for high-quality meat is also increasing. Thus, to deliver high-quality meat, add-on nutrition feed additives are fed to the animals so that they have good digestion to build on more muscle and weight. This increases the yield and productivity and, hence, the demand for nutritional feed additives. Currently, meat and poultry consumption in the US is more than 100 billion pounds every year.

Key Industry Players

Major companies operating in the nutritional feed additives market include BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V, Kemin Industries Inc., Adisseo Company, Alltech Biotechnology Pvt. Ltd., Phibro Animal Health Corporation, DuPont de Nemours Inc., Koninklijke DSM N.V, Novozymes A/S, InVivo Group, Lallemand Inc., Elanco Animal Health Incorporated, Addcon Group, Aliphos Belgium S.A, The Archer-Daniels-Midland Company, Solvay Group, Ajinomoto Group, Chr. Hansen A/S, AFB International, Vitablend Asia Pacific Pte Ltd., Kalsec Inc., America-Pac, FoodSafe Technology, Biomin Holding GmbH, Penny Newman, Danisco Animal Nutrition, Provimi Holding B.V., Pancosma S.A., Biovet JSC, BioResource International Inc., Novus International Inc., Vetco (India) Limited, Vetoquinol S.A., Zagro Corporation, Zinpro Corporation, Trouw Nutrition International B.V., Biostadt India Limited

The nutritional feed additives market report table of contents includes:

1. Executive Summary

2. Nutritional Feed Additives Market Characteristics

3. Nutritional Feed Additives Market Trends And Strategies

4. Nutritional Feed Additives Market – Macro Economic Scenario

5. Global Nutritional Feed Additives Market Size and Growth

26. South America Nutritional Feed Additives Market

27. Brazil Nutritional Feed Additives Market

28. Middle East Nutritional Feed Additives Market

29. Africa Nutritional Feed Additives Market

30. Nutritional Feed Additives Market Competitive Landscape And Company Profiles

Top Major Players: