出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年10月
Feed Additives Market – Global Forecast to 2028
飼料添加物市場 : 家畜、種類（リン酸塩、アミノ酸、ビタミン、酸味料、カロテノイド、酵素、香料と甘味料、マイコトキシン解毒剤、ミネラル、抗酸化物質）、形態、原料、地域別 – 2028年までの世界予測
Feed Additives Market by Livestock, Type (Phosphates, Amino Acids, Vitamins, Acidifiers, Carotenoids, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, and Antioxidants), Form, Source, and Region – Global Forecast to 2028
| ページ数 | 373 |
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| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
The global market for feed additives is estimated to be valued at USD 42.2 Billion in 2023 and is projected to reach USD 55.8 Billion by 2028, at a CAGR of 5.8% during the forecast period. With an increasing emphasis on animal welfare, nutrition has become a cornerstone of modern livestock production. Farmers and producers recognize that optimizing animal diets is not only essential for the health and well-being of their livestock but also for the efficiency and profitability of their operations. This realization has propelled the demand for feed additives, which play a pivotal role in ensuring that animals receive the essential nutrients they need for growth, immunity, and overall vitality. Simultaneously, the specter of disease outbreaks looms large over the livestock industry. Recent epidemics like African swine fever and avian influenza have underscored the vulnerability of global food systems. In response, feed additives have gained prominence as a proactive measure to bolster animal immunity and mitigate disease risks. Some additives contain components that enhance the immune response of animals, reducing their susceptibility to pathogens.
“By form, the liquid segment is estimated to be growing at a significant CAGR of 4.9% in the feed additives market.”
Liquid forms of feed additives refer to supplements or ingredients that are incorporated into animal diets in a liquid state. Liquid feed additives offer several distinct advantages, contributing to their increasing popularity. Firstly, their liquid form ensures homogenous distribution throughout the feed, leading to consistent nutrient delivery to animals. This improved uniformity helps enhance the overall efficiency of feed utilization, ultimately leading to better animal health and performance. Moreover, liquid additives are often easier to mix and incorporate into animal feed, simplifying the feeding process for livestock producers. Additionally, liquid forms enable the flexibility to adjust dosages more precisely, tailoring nutrient levels to specific animal requirements. Lastly, the growing emphasis on precision nutrition and the demand for specialized feed formulations to address various health and performance issues in livestock have further fueled the popularity of liquid feed additives.
“By type, the probiotics segment is anticipated to be growing at a significant CAGR of 8.2% during the forecast period in the feed additives market.”
Probiotics, beneficial microorganisms such as bacteria and yeast, are increasingly asserting their dominance in the feed additives market. These microorganisms are gaining traction due to their remarkable benefits in animal nutrition and health. Probiotics are used in feed additives as they promote gastrointestinal health by maintaining a balanced gut microbiota, which improves nutrient absorption and digestion. This, in turn, leads to enhanced animal growth and feed conversion efficiency. Additionally, probiotics boost the immune system, making animals more resilient to diseases, reducing the need for antibiotics, and addressing concerns over antibiotic resistance. Lastly, they contribute to overall animal well-being, minimizing stress and promoting healthier livestock. Moreover, regulatory changes and restrictions on antibiotic use in animal feed have encouraged the adoption of probiotics as a natural and sustainable alternative.
“Among livestock, the swine segment is estimated to grow at a CAGR of 5.4% during the forecast period.”
The global demand for pork products, including pork meat and processed products, has been steadily rising due to population growth and increased meat consumption. To meet this growing demand, swine producers are under pressure to maximize their production efficiency and output. Feed additives play a crucial role in achieving this goal by enhancing the overall health and performance of swine. Swine are highly susceptible to various diseases and stressors, which can negatively impact their growth and productivity. Feed additives such as antibiotics, probiotics, prebiotics, enzymes, and growth promoters are essential in maintaining swine health, improving digestion, and promoting efficient nutrient utilization. These additives help reduce the incidence of diseases, improve feed conversion rates, and accelerate weight gain, ultimately leading to higher yields and profitability for swine producers. Additionally, as consumer preferences shift towards antibiotic-free and more sustainable meat production, the demand for natural and alternative feed additives in swine diets is on the rise. This further drives the growth of the swine sub-segment within the feed additives market.
“North America to grow at a significant CAGR during the forecast period in the feed additives market.”
The North American livestock industry is massive, encompassing cattle, poultry, swine, and aquaculture. With a growing population and increasing consumption of meat and dairy products, there is a pressing need for efficient animal husbandry practices. Feed additives play a pivotal role in improving feed efficiency, animal health, and overall productivity, making them indispensable in this context. Additionally, North America places a strong emphasis on food safety and sustainability, which has led to the adoption of feed additives aimed at reducing the environmental footprint of livestock farming. Innovations in feed additives that promote sustainable practices, such as reducing methane emissions and improving nutrient utilization, have gained traction in the region. Furthermore, North American consumers’ growing preference for high-quality, protein-rich diets has driven increased meat and dairy production, necessitating the use of feed additives to meet this rising demand.
The break-up of the profile of primary participants in the feed additives market:
By Company: Tier 1 – 30%, Tier 2 – 25%, Tier 3 – 45%
By Designation: CXOs – 30%, Manager level – 25%, and C-Level- 45%
By Region: North America -18%, Europe – 32%, Asia Pacific – 40%, RoW – 10%,
Major key players operating in the feed additives market include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), CHR. HANSEN (Denmark), and TEGASA (Spain).
Research Coverage:
This research report categorizes the feed additives market, by type (amino acids, phosphate, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavors & sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, phytogenics, preservatives, and probiotics), by form (dry and liquid), source (synthetic and natural), livestock (poultry, ruminants, swine, aquatic animals, and other livestock), and region (North America, Europe, Asia Pacific, South America, and RoW). The scope of this report encompasses a comprehensive examination of major factors, including drivers, restraints, challenges, and opportunities, that significantly influence the growth of the feed additives market. Extensive research has been conducted to analyze key industry players, offering valuable insights into their business overview, product offerings, key strategies, contracts, partnerships, new product launches, as well as mergers and acquisitions associated with the feed additives market. Furthermore, the report includes a competitive analysis of emerging startups in the feed additives market ecosystem.
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 products, Growth in feed production, Rise in awareness about feed quality), restraints (Ban on antibiotics in different nations, Volatile raw material prices for feed additives), opportunities (Shift toward natural growth promoters, increase in demand for natural supplements for monogastric animals), and challenges (Quality control of genetic feed additive products manufactured by Asian companies, Sustainability of feed and livestock chain) influencing the growth of the feed additives market.
- New Product launch/Innovation: Detailed insights on 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 product offerings of leading players like Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), and others in the feed additives market strategies.
Table of Contents
1 INTRODUCTION 44
1.1 STUDY OBJECTIVES 44
1.2 MARKET DEFINITION 45
1.3 STUDY SCOPE 45
1.3.1 REGIONAL SEGMENTATION 46
1.3.2 YEARS CONSIDERED 46
1.4 INCLUSIONS & EXCLUSIONS 47
1.5 CURRENCY CONSIDERED 50
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 50
1.6 VOLUME CONSIDERED 50
1.7 STAKEHOLDERS 51
1.8 SUMMARY OF CHANGES 51
1.9 RECESSION IMPACT ANALYSIS 52
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
FIGURE 1 FEED ADDITIVES MARKET: RESEARCH DESIGN 53
2.1.1 SECONDARY DATA 54
2.1.1.1 Key data from secondary sources 54
2.1.2 PRIMARY DATA 54
2.1.2.1 Key data from primary sources 55
2.1.2.2 Breakdown of primaries 55
2.1.2.3 Key primary insights 56
2.2 MARKET SIZE ESTIMATION 56
FIGURE 2 FEED ADDITIVES MARKET SIZE ESTIMATION: DEMAND SIDE 57
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON TYPES AND SUBTYPES, BY REGION) 57
FIGURE 3 FEED ADDITIVES MARKET SIZE ESTIMATION: APPROACH ONE 58
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET) 59
FIGURE 4 FEED ADDITIVES MARKET SIZE ESTIMATION: APPROACH TWO 59
2.3 DATA TRIANGULATION 60
FIGURE 5 DATA TRIANGULATION METHODOLOGY 60
2.4 STUDY ASSUMPTIONS 61
2.5 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 62
2.6 RECESSION IMPACT ANALYSIS 62
2.7 RECESSION MACROINDICATORS 63
FIGURE 6 RECESSION MACROINDICATORS 63
FIGURE 7 GLOBAL INFLATION RATE, 2011–2022 64
FIGURE 8 GLOBAL GDP, 2011–2022 (USD TRILLION) 65
FIGURE 9 RECESSION INDICATORS AND THEIR IMPACT ON FEED ADDITIVES MARKET 66
FIGURE 10 GLOBAL FEED ADDITIVES MARKET: EARLIER FORECAST VS. RECESSION FORECAST 66
3 EXECUTIVE SUMMARY 68
TABLE 2 FEED ADDITIVES MARKET SNAPSHOT, 2023 VS. 2028 68
FIGURE 11 FEED ADDITIVES MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 69
FIGURE 12 FEED ADDITIVES MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 70
FIGURE 13 FEED ADDITIVES MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 70
FIGURE 14 FEED ADDITIVES MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION) 71
FIGURE 15 FEED ADDITIVES MARKET SHARE (VALUE), BY REGION, 2022 72
4 PREMIUM INSIGHTS 73
4.1 ATTRACTIVE OPPORTUNITIES IN FEED ADDITIVES MARKET 73
FIGURE 16 INCREASE IN DEMAND AND CONSUMPTION OF LIVESTOCK-BASED PRODUCTS TO PROPEL MARKET 73
4.2 FEED ADDITIVES MARKET: MAJOR REGIONAL SUBMARKETS 74
FIGURE 17 CHINA PROJECTED TO BE FASTEST-GROWING MARKET FOR FEED ADDITIVES DURING FORECAST PERIOD 74
4.3 ASIA PACIFIC: FEED ADDITIVES MARKET, BY KEY TYPE & COUNTRY 74
FIGURE 18 CHINA ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2022 74
4.4 FEED ADDITIVES MARKET, BY TYPE 75
FIGURE 19 AMINO ACIDS TO DOMINATE MARKET DURING FORECAST PERIOD 75
4.5 NORTH AMERICA FEED ADDITIVES MARKET, BY FORM 76
FIGURE 20 DRY FORM PROJECTED TO DOMINATE NORTH AMERICAN FEED ADDITIVES MARKET DURING FORECAST PERIOD 76
4.6 FEED ADDITIVES MARKET, BY LIVESTOCK 76
FIGURE 21 POULTRY TO DOMINATE LIVESTOCK SEGMENT OF FEED ADDITIVES MARKET DURING FORECAST PERIOD 76
5 MARKET OVERVIEW 77
5.1 INTRODUCTION 77
5.2 MACROECONOMIC INDICATORS 77
5.2.1 RISE IN DEMAND FOR COMPOUND FEED 77
FIGURE 22 COMPOUND FEED PRODUCTION, 2012–2022 (MILLION TONS) 78
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING REGIONS SUCH AS ASIA PACIFIC AND SOUTH AMERICA 78
FIGURE 23 GDP GROWTH RATE IN ASIAN COUNTRIES, 2020–2O21 79
5.3 MARKET DYNAMICS 79
FIGURE 24 FEED ADDITIVES MARKET DYNAMICS 79
5.3.1 DRIVERS 80
5.3.1.1 Increase in demand and consumption of livestock-based products 80
FIGURE 25 REGIONAL MEAT PRODUCTION SNAPSHOT, 2000–2020 (MILLION TONS) 80
FIGURE 26 REGIONAL BOVINE MEAT PRODUCTION SNAPSHOT, 2018–2020 (MILLION TONS) 81
FIGURE 27 REGIONAL SWINE MEAT PRODUCTION SNAPSHOT, 2018–2020 (MILLION TONS) 81
FIGURE 28 REGIONAL CHICKEN MEAT PRODUCTION SNAPSHOT, 2018–2020 (MILLION TONS) 82
FIGURE 29 ANIMAL-BASED PRODUCT CONSUMPTION, BY COMMODITY, 1967–2030 (MILLION TONS) 82
5.3.1.2 Growth in feed production 83
FIGURE 30 REGIONAL FEED PRODUCTION SNAPSHOT, 2022 (MILLION TONS) 83
FIGURE 31 LEADING FEED PRODUCING COUNTRIES, 2022 (MILLION TONS) 83
5.3.1.3 Rise in awareness about feed quality 84
5.3.1.4 Rise in global demand for naturally produced feed and feed additives 84
5.3.1.5 Standardization of meat products owing to disease outbreaks 85
5.3.1.6 Implementation of innovative animal husbandry practices to improve meat quality 86
5.3.2 RESTRAINTS 86
5.3.2.1 Ban on antibiotics in different nations 86
5.3.2.2 Volatile raw material prices for feed additives 87
5.3.2.3 Stringent regulatory framework 87
5.3.3 OPPORTUNITIES 88
5.3.3.1 Shift toward natural growth promoters 88
5.3.3.2 Increase in demand for nutritional supplements for monogastric animals 89
5.3.3.3 Developing countries emerge as strong consumers of feed additives 89
5.3.4 CHALLENGES 90
5.3.4.1 Quality control of genetic feed additive products manufactured by Asian companies 90
5.3.4.2 Sustainability of feed and livestock chain 90
6 INDUSTRY TRENDS 92
6.1 INTRODUCTION 92
6.2 VALUE CHAIN ANALYSIS 92
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 92
6.2.2 RAW MATERIAL SOURCING AND MANUFACTURING 92
6.2.3 ASSEMBLY 93
6.2.4 DISTRIBUTION 93
6.2.5 MARKETING & SALES 93
FIGURE 32 VALUE CHAIN ANALYSIS OF FEED ADDITIVES MARKET: RAW MATERIAL SOURCING AND MANUFACTURING KEY CONTRIBUTORS 93
6.3 SUPPLY CHAIN ANALYSIS 93
FIGURE 33 FEED ADDITIVES MARKET: SUPPLY CHAIN ANALYSIS 94
6.4 TECHNOLOGY ANALYSIS 94
6.4.1 AGGLOMERATION (PELLETIZING) 94
6.4.2 DOSING SYSTEMS 95
6.5 PATENT ANALYSIS 96
FIGURE 34 NUMBER OF PATENTS APPROVED FOR FEED ADDITIVES IN GLOBAL MARKET, 2021–2022 96
FIGURE 35 JURISDICTIONS WITH HIGHEST PATENT APPROVALS FOR FEED ADDITIVES, 2012–2022 97
TABLE 3 OVERVIEW OF PATENTS GRANTED FOR FEED ADDITIVES 97
6.6 MARKET ECOSYSTEM 100
6.6.1 DEMAND SIDE 100
6.6.2 SUPPLY SIDE 100
FIGURE 36 ECOSYSTEM MAP 101
TABLE 4 FEED ADDITIVES MARKET ECOSYSTEM 101
6.7 TRADE ANALYSIS 103
TABLE 5 EXPORT DATA OF PREPARATION USED IN ANIMAL FEEDING, KEY COUNTRIES, 2022 (VALUE AND VOLUME) 103
TABLE 6 IMPORT DATA OF PREPARATION USED IN ANIMAL FEEDING, KEY COUNTRIES, 2022 (VALUE AND VOLUME) 104
6.8 KEY CONFERENCES & EVENTS 105
TABLE 7 FEED ADDITIVES MARKET: CONFERENCES & EVENTS, 2023–2024 105
6.9 TRENDS/DISRUPTIONS IMPACTING BUYERS 106
FIGURE 37 TRENDS/DISRUPTIONS IMPACTING BUYERS IN FEED ADDITIVES MARKET 106
6.10 AVERAGE SELLING PRICE 107
6.10.1 INTRODUCTION 107
FIGURE 38 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE, 2022 (USD/KG) 107
TABLE 8 AVERAGE SELLING PRICE OF KEY PLAYERS FOR FEED ADDITIVE TYPE (USD/KG) 107
TABLE 9 FEED ADDITIVES: AVERAGE SELLING PRICES (ASP), BY REGION, 2019–2022 (USD/TON) 108
TABLE 10 FEED ADDITIVES: AVERAGE SELLING PRICES (ASP), BY KEY TYPE, 2019–2022 (USD/TON) 108
6.11 KEY STAKEHOLDERS & BUYING CRITERIA 109
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 109
FIGURE 39 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FEED ADDITIVE SOURCES 109
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FEED ADDITIVE SOURCES 109
6.11.2 BUYING CRITERIA 110
FIGURE 40 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FEED ADDITIVE SOURCES 110
TABLE 12 KEY BUYING CRITERIA FOR FEED ADDITIVE SOURCES 110
6.12 PORTER’S FIVE FORCES ANALYSIS 111
TABLE 13 FEED ADDITIVES MARKET: PORTER’S FIVE FORCES ANALYSIS 111
6.12.1 INTENSITY OF COMPETITIVE RIVALRY 111
6.12.2 BARGAINING POWER OF SUPPLIERS 112
6.12.3 BARGAINING POWER OF BUYERS 112
6.12.4 THREAT OF SUBSTITUTES 112
6.12.5 THREAT OF NEW ENTRANTS 112
6.13 CASE STUDIES 113
TABLE 14 GROWING INNOVATION IN ANIMAL DIET 113
TABLE 15 INCREASE IN CONCERN TO IMPROVE LIVESTOCK HEALTH IN ASIA PACIFIC 113
6.14 REGULATIONS 113
6.14.1 FEED ADDITIVES REGULATORY APPROVAL FROM EUROPEAN UNION 113
6.14.2 TIME DURATION FOR FEED ADDITIVES IN REGISTER 114
6.14.3 REGISTRATION OF FEED ADDITIVES 114
6.14.4 PACKAGING OF FEED ADDITIVES 115
6.14.5 LABELING OF FEED ADDITIVES 115
6.14.6 MANUFACTURE AND SALE OF FEED ADDITIVES 115
6.14.7 IMPORT OF FEED ADDITIVES 116
6.14.8 REEVALUATION OF FEED ADDITIVES 116
6.15 REGULATORY FRAMEWORK, BY COUNTRY 117
6.15.1 US 117
6.15.1.1 Labeling 117
6.15.1.2 Association of American Feed Control Officials (AAFCO) 117
6.15.2 CANADA 117
6.15.2.1 Legal authorities 118
6.15.3 BRAZIL 118
6.15.4 CHINA 118
6.15.5 EUROPEAN UNION 119
6.15.6 JAPAN 119
6.15.7 SOUTH AFRICA 119
7 FEED ADDITIVES MARKET, BY LIVESTOCK 120
7.1 INTRODUCTION 121
FIGURE 41 FEED ADDITIVES MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 121
TABLE 16 FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 121
TABLE 17 FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 122
TABLE 18 FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (KT) 122
TABLE 19 FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (KT) 122
7.2 POULTRY 123
7.2.1 RISE IN DEMAND FOR HIGH-QUALITY CHICKEN AND EGGS TO DRIVE MARKET 123
7.2.2 BROILERS 123
7.2.3 LAYERS 123
7.2.4 BREEDERS 123
TABLE 20 POULTRY: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 124
TABLE 21 POULTRY: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 124
TABLE 22 POULTRY: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 124
TABLE 23 POULTRY: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 24 POULTRY: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 125
TABLE 25 POULTRY: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 125
7.3 RUMINANTS 125
7.3.1 INCREASING CONSUMPTION OF DAIRY PRODUCTS AND BEEF TO SPUR DEMAND FOR ADDITIVES IN RUMINANT FEED 125
7.3.2 CALF 126
7.3.3 DAIRY 126
7.3.4 BEEF 126
7.3.5 OTHER RUMINANTS 126
TABLE 26 RUMINANTS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 126
TABLE 27 RUMINANTS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 126
TABLE 28 RUMINANTS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 29 RUMINANTS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 127
TABLE 30 RUMINANTS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 127
TABLE 31 RUMINANTS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 128
7.4 SWINE 128
7.4.1 RISE IN PORK TRADE AND CONCERNS OVER MEAT SAFETY TO BOOST MARKET 128
7.4.2 STARTERS 128
7.4.3 GROWERS 128
7.4.4 SOWS 128
TABLE 32 SWINE: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 129
TABLE 33 SWINE: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 129
TABLE 34 SWINE: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 35 SWINE: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 129
TABLE 36 SWINE: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 130
TABLE 37 SWINE: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 130
7.5 AQUATIC ANIMALS 130
7.5.1 INCREASE IN AQUAFEED PRODUCTION TO PROPEL MARKET FOR AQUATIC FEED ADDITIVES 130
TABLE 38 AQUATIC ANIMALS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 131
TABLE 39 AQUATIC ANIMALS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 131
TABLE 40 AQUATIC ANIMALS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 131
TABLE 41 AQUATIC ANIMALS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 132
7.6 OTHER LIVESTOCK 132
TABLE 42 OTHER LIVESTOCK: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 132
TABLE 43 OTHER LIVESTOCK: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 133
TABLE 44 OTHER LIVESTOCK: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 133
TABLE 45 OTHER LIVESTOCK: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 133
8 FEED ADDITIVES MARKET, BY TYPE 134
8.1 INTRODUCTION 135
FIGURE 42 FEED ADDITIVES MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 136
TABLE 46 FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 137
TABLE 47 FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 138
TABLE 48 FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (KT) 138
TABLE 49 FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (KT) 139
8.2 AMINO ACIDS 139
8.2.1 EFFORTS TO REDUCE ENVIRONMENTAL IMPACT THROUGH AMINO ACID SUPPLEMENTATION TO DRIVE MARKET 139
8.2.2 LYSINE 140
8.2.2.1 Relatively high value and digestibility of lysine to boost market 140
8.2.3 METHIONINE 140
8.2.3.1 Ability to tailor amino acid supplements for livestock to drive market 140
8.2.4 THREONINE 140
8.2.4.1 Role in providing optimal protein synthesis to boost market 140
8.2.5 TRYPTOPHAN 140
8.2.5.1 Ability to improve protein utilization and stress reduction in livestock to drive market 140
8.2.6 OTHER AMINO ACIDS 141
TABLE 50 AMINO ACIDS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 141
TABLE 51 AMINO ACIDS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 141
TABLE 52 AMINO ACIDS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 142
TABLE 53 AMINO ACIDS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 142
TABLE 54 AMINO ACIDS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 142
TABLE 55 AMINO ACIDS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 143
8.3 PHOSPHATES 143
8.3.1 ROLE IN PROMOTING BONE HEALTH AND IMMUNITY TO DRIVE DEMAND FOR FEED CONTAINING PHOSPHATES 143
8.3.2 MONOCALCIUM PHOSPHATE 143
8.3.2.1 Ability to prevent abnormal development of bones in livestock to propel market 143
8.3.3 DICALCIUM PHOSPHATE 144
8.3.3.1 Role in regulating energy metabolism and maintaining adequate dietary levels for livestock to drive market 144
8.3.4 MON0-DICALCIUM PHOSPHATE 144
8.3.4.1 Enhancement of functioning of immune system to fuel market growth 144
8.3.5 DEFLUORINATED PHOSPHATE 144
8.3.5.1 Role in reducing fluorine content in animal feed to boost market 144
8.3.6 TRICALCIUM PHOSPHATE 144
8.3.6.1 Role in enhancement of immune system and energy regulation of livestock to drive market 144
8.3.7 OTHER PHOSPHATES 144
TABLE 56 PHOSPHATES: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 145
TABLE 57 PHOSPHATES: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 145
TABLE 58 PHOSPHATES: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 145
TABLE 59 PHOSPHATES: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 146
TABLE 60 PHOSPHATES: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 146
TABLE 61 PHOSPHATES: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 146
8.4 VITAMINS 147
8.4.1 INCREASE IN AWARENESS OF HEALTH BENEFITS OF VITAMINS TO ACCELERATE MARKET GROWTH 147
8.4.2 FAT-SOLUBLE VITAMINS 147
8.4.2.1 Role of vitamins as key constituent of metabolic functions to propel market 147
8.4.3 WATER-SOLUBLE VITAMINS 147
8.4.3.1 Significance of water-soluble vitamins for optimum growth and development of livestock to drive market 147
TABLE 62 VITAMINS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 147
TABLE 63 VITAMINS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 148
TABLE 64 VITAMINS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 148
TABLE 65 VITAMINS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 148
TABLE 66 VITAMINS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 149
TABLE 67 VITAMINS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 149
8.5 ACIDIFIERS 149
8.5.1 ROLE OF ACIDIFIERS IN IMPROVING GUT HEALTH AND DIGESTION IN ANIMALS TO DRIVE MARKET 149
8.5.2 PROPIONIC ACID 150
8.5.2.1 Role in silage production and prevention of fertility disorders in livestock to fuel market growth 150
8.5.3 FORMIC ACID 150
8.5.3.1 Role in consistent feed formulations and feed preservation to drive market 150
8.5.4 CITRIC ACID 150
8.5.4.1 Importance of citric acid in enhancing immunity of vaccinated broilers to boost market 150
8.5.5 LACTIC ACID 150
8.5.5.1 Significance of lactic acid in improving animal health and productivity to accelerate market growth 150
8.5.6 SORBIC ACID 151
8.5.6.1 Importance of sorbic acid in feed preservation to drive market 151
8.5.7 MALIC ACID 151
8.5.7.1 Role as cost-efficient preservative and acidity regulator to propel market growth 151
8.5.8 BENZOIC ACID 151
8.5.8.1 Strong antimicrobial properties and low pungency to drive market 151
8.5.9 ACETIC ACID 151
8.5.9.1 Significance of acetic acid in controlling mold and improving feed utilization to boost market 151
8.5.10 OTHER ACIDIFIERS 152
TABLE 68 ACIDIFIERS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 152
TABLE 69 ACIDIFIERS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 152
TABLE 70 ACIDIFIERS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 153
TABLE 71 ACIDIFIERS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 153
TABLE 72 ACIDIFIERS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 153
TABLE 73 ACIDIFIERS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 154
8.6 CAROTENOIDS 154
8.6.1 CAROTENOIDS’ ROLE IN ENHANCING ANIMAL SKIN AND EGG YOLK COLORATION TO DRIVE MARKET 154
8.6.2 ASTAXANTHIN 154
8.6.2.1 Health benefits of astaxanthin to fuel market growth 154
8.6.3 CANTHAXANTHIN 154
8.6.3.1 Role of canthaxanthin in providing consistent egg color to boost market 154
8.6.4 LUTEIN 155
8.6.4.1 Health benefits of lutein and improvement of feed palatability to drive market 155
8.6.5 BETA CAROTENE 155
8.6.5.1 Improvement of reproductive performance of ruminants and protection against oxidative stress to accelerate market growth 155
8.6.6 OTHER CAROTENOIDS 155
TABLE 74 CAROTENOIDS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 155
TABLE 75 CAROTENOIDS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 156
TABLE 76 CAROTENOIDS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 156
TABLE 77 CAROTENOIDS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 156
TABLE 78 CAROTENOIDS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 157
TABLE 79 CAROTENOIDS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 157
8.7 ENZYMES 157
8.7.1 ROLE OF ENZYMES IN IMPROVING FEED DIGESTIBILITY AND NUTRIENT UTILIZATION TO ACCELERATE MARKET GROWTH 157
8.7.2 PHYTASE 157
8.7.2.1 Low cost and nutritional benefits to boost growth 157
8.7.3 CARBOHYDRASE 158
8.7.3.1 Significance in improvement of digestibility of carbohydrates in feed ingredients to fuel market growth 158
8.7.4 PROTEASE 158
8.7.4.1 Role in reduction of dietary protein levels of livestock to propel market growth 158
8.7.5 OTHER ENZYMES 158
TABLE 80 ENZYMES: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 158
TABLE 81 ENZYMES: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 159
TABLE 82 ENZYMES: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 159
TABLE 83 ENZYMES: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 159
TABLE 84 ENZYMES: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 160
TABLE 85 ENZYMES: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 160
8.8 MYCOTOXIN DETOXIFIERS 160
8.8.1 GROWING AWARENESS OF MYCOTOXIN CONTAMINATION IN FEED TO DRIVE MARKET 160
8.8.2 BINDERS 161
8.8.2.1 Increasing awareness regarding benefits of binders to drive market 161
8.8.3 MODIFIERS 161
8.8.3.1 Enhancement of feed by conversion of mycotoxin into lesser toxic compounds to fuel market growth 161
TABLE 86 MYCOTOXIN DETOXIFIERS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 161
TABLE 87 MYCOTOXIN DETOXIFIERS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 161
TABLE 88 MYCOTOXIN DETOXIFIERS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 162
TABLE 89 MYCOTOXIN DETOXIFIERS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 162
TABLE 90 MYCOTOXIN DETOXIFIERS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 162
TABLE 91 MYCOTOXIN DETOXIFIERS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 163
8.9 FLAVORS & SWEETENERS 163
8.9.1 GROWING CONSUMER PREFERENCE FOR PALATABLE AND APPEALING FEED TO DRIVE MARKET 163
8.9.2 FEED FLAVORS 163
8.9.2.1 Rise in focus on improving livestock performance to drive market 163
8.9.3 FEED SWEETENERS 163
8.9.3.1 Role of sweeteners to mask undesired taste of feed to propel market growth 163
TABLE 92 FLAVORS & SWEETENERS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 164
TABLE 93 FLAVORS & SWEETENERS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 164
TABLE 94 FLAVORS & SWEETENERS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 164
TABLE 95 FLAVORS & SWEETENERS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 165
TABLE 96 FLAVORS & SWEETENERS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 165
TABLE 97 FLAVORS & SWEETENERS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 165
8.10 ANTIBIOTICS 166
8.10.1 RISING CONCERNS ABOUT LIVESTOCK DISEASES AND BACTERIAL INFECTIONS TO DRIVE DEMAND FOR FEED ANTIBIOTICS 166
8.10.2 TETRACYCLINE 166
8.10.2.1 Role in improvement of egg production and feed efficiency to drive market 166
8.10.3 PENICILLIN 166
8.10.3.1 Significance of penicillin as an antibiotic to accelerate market growth 166
8.10.4 OTHER ANTIBIOTICS 166
TABLE 98 ANTIBIOTICS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 166
TABLE 99 ANTIBIOTICS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 167
TABLE 100 ANTIBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 167
TABLE 101 ANTIBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 167
TABLE 102 ANTIBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 168
TABLE 103 ANTIBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 168
8.11 MINERALS 168
8.11.1 GROWING AWARENESS OF MINERAL DEFICIENCIES IN LIVESTOCK TO DRIVE DEMAND FOR MINERALS IN FEED 168
8.11.2 POTASSIUM 169
8.11.2.1 Regulation of metabolism of proteins and carbohydrates to boost market 169
8.11.3 CALCIUM 169
8.11.3.1 Role of calcium in strengthening of bones and improvement of eggshell quality to fuel market growth 169
8.11.4 PHOSPHORUS 169
8.11.4.1 Vital role of phosphorus in egg production and prevention of skeletal deformities to accelerate market growth 169
8.11.5 MAGNESIUM 169
8.11.5.1 Necessity of magnesium for bone growth and stability to drive market 169
8.11.6 SODIUM 170
8.11.6.1 Role of sodium in regulation of acid-base equilibrium and maintenance of osmotic pressure to accelerate market growth 170
8.11.7 IRON 170
8.11.7.1 Significance of iron in formation of hemoglobin and myoglobin to propel market growth 170
8.11.8 ZINC 170
8.11.8.1 Role of zinc in development of immune system and reproductive capacity to drive market 170
8.11.9 COPPER 170
8.11.9.1 Health benefits of copper and vital role in cellular respiration to boost market 170
8.11.10 MANGANESE 170
8.11.10.1 Important role of manganese in efficient functioning of mitochondria in cells and prevention of oxidative stress to fuel market growth 170
8.11.11 OTHER MINERALS 171
TABLE 104 MINERALS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 171
TABLE 105 MINERALS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 172
TABLE 106 MINERALS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 172
TABLE 107 MINERALS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 172
TABLE 108 MINERALS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 173
TABLE 109 MINERALS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 173
8.12 ANTIOXIDANTS 173
8.12.1 INCREASED FOCUS ON OXIDATIVE STRESS MANAGEMENT IN LIVESTOCK PRODUCTION TO DRIVE DEMAND FOR ANTIOXIDANTS IN FEED 173
8.12.2 SYNTHETIC ANTIOXIDANTS 174
8.12.2.1 Role in protection of fat-soluble vitamins against oxidative degradation to drive market 174
8.12.3 NATURAL ANTIOXIDANTS 174
8.12.3.1 Fewer side effects than synthetic antioxidants to drive market 174
TABLE 110 ANTIOXIDANTS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 174
TABLE 111 ANTIOXIDANTS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 174
TABLE 112 ANTIOXIDANTS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 175
TABLE 113 ANTIOXIDANTS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 175
TABLE 114 ANTIOXIDANTS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 175
TABLE 115 ANTIOXIDANTS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 176
8.13 NONPROTEIN NITROGEN 176
8.13.1 INCREASED FOCUS ON ADDRESSING NITROGEN UTILIZATION IN RUMINANT DIETS TO FUEL MARKET GROWTH 176
8.13.2 UREA 176
8.13.2.1 Low cost and easy availability to propel market growth 176
8.13.3 AMMONIA 176
8.13.3.1 Role of ammonia in improving digestibility and increasing feed intake to accelerate market growth 176
8.13.4 OTHER NONPROTEIN NITROGEN 177
TABLE 116 NONPROTEIN NITROGEN: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 177
TABLE 117 NONPROTEIN NITROGEN: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 177
TABLE 118 NONPROTEIN NITROGEN: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 119 NONPROTEIN NITROGEN: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 178
TABLE 120 NONPROTEIN NITROGEN: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 178
TABLE 121 NONPROTEIN NITROGEN: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 178
8.14 PHYTOGENICS 179
8.14.1 RISING DEMAND FOR NATURAL GROWTH PROMOTERS IN LIVESTOCK PRODUCTION TO DRIVE MARKET 179
8.14.2 ESSENTIAL OILS 179
8.14.2.1 Role in improvement of gut health and healthy digestion in poultry to boost market 179
8.14.3 FLAVONOIDS 179
8.14.3.1 Improvement of gut health and heart stress control in livestock to boost market 179
8.14.4 SAPONINS 179
8.14.4.1 Role of saponins in suppressing intestinal and ruminal ammonia production to drive market 179
8.14.5 OLEORESINS 180
8.14.5.1 Role of oleoresins in imparting color, flavor, and aroma to livestock feed to drive market 180
8.14.6 OTHER PHYTOGENICS 180
TABLE 122 PHYTOGENICS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 180
TABLE 123 PHYTOGENICS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 180
TABLE 124 PHYTOGENICS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 181
TABLE 125 PHYTOGENICS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 181
TABLE 126 PHYTOGENICS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 181
TABLE 127 PHYTOGENICS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 182
8.15 PRESERVATIVES 182
8.15.1 EXTENDED SHELF LIFE AND PRODUCT QUALITY PRESERVATION TO DRIVE DEMAND FOR PRESERVATIVES IN FEED 182
8.15.2 MOLD INHIBITORS 182
8.15.2.1 Role of mold inhibitors in preventing mold growth and contamination to drive market 182
8.15.3 ANTICAKING AGENTS 182
8.15.3.1 Significance of anticaking agents in preventing accumulation of feed nutrients to propel market growth 182
TABLE 128 PRESERVATIVES: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 183
TABLE 129 PRESERVATIVES: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 183
TABLE 130 PRESERVATIVES: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 183
TABLE 131 PRESERVATIVES: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 183
TABLE 132 PRESERVATIVES: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 184
TABLE 133 PRESERVATIVES: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 184
8.16 PROBIOTICS 184
8.16.1 SPUR IN CONSUMER DEMAND FOR ANTIBIOTIC-FREE AND SUSTAINABLE ANIMAL PRODUCTS TO DRIVE MARKET 184
8.16.2 LACTOBACILLI 185
8.16.2.1 Potential to replace antibiotic growth promoters to fuel market growth 185
8.16.3 BIFIDOBACTERIA 185
8.16.3.1 Benefits to adult livestock, such as controlling pH level of large intestine to accelerate market growth 185
8.16.4 STREPTOCOCCUS THERMOPHILUS 185
8.16.4.1 Usage in manufacture of various feed probiotic products to drive market 185
8.16.5 YEAST 185
8.16.5.1 Role of in increased production of milk in dairy cattle to accelerate market growth 185
TABLE 134 PROBIOTICS: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 185
TABLE 135 PROBIOTICS: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 186
TABLE 136 PROBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 186
TABLE 137 PROBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 186
TABLE 138 PROBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 187
TABLE 139 PROBIOTICS: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 187
9 FEED ADDITIVES MARKET, BY FORM 188
9.1 INTRODUCTION 189
FIGURE 43 FEED ADDITIVES MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 189
TABLE 140 FEED ADDITIVES MARKET, BY FORM, 2018–2022 (USD MILLION) 189
TABLE 141 FEED ADDITIVES MARKET, BY FORM, 2023–2028 (USD MILLION) 190
9.2 DRY 190
9.2.1 CONVENIENCE IN STORAGE, HANDLING, AND TRANSPORTATION TO DRIVE MARKET 190
TABLE 142 DRY: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 190
TABLE 143 DRY: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 191
9.3 LIQUID 191
9.3.1 UNIFORM MIXING AND PRECISE DOSING OF LIQUID FEED ADDITIVES LIKELY TO PROPEL MARKET 191
TABLE 144 LIQUID: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 191
TABLE 145 LIQUID: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 192
10 FEED ADDITIVES MARKET, BY SOURCE 193
10.1 INTRODUCTION 194
FIGURE 44 FEED ADDITIVES MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 194
TABLE 146 FEED ADDITIVES MARKET, BY SOURCE, 2018–2022 (USD MILLION) 194
TABLE 147 FEED ADDITIVES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 195
10.2 SYNTHETIC 195
10.2.1 COST-EFFECTIVENESS AND HIGH STABILITY PROPERTIES TO PROPEL GROWTH OF SYNTHETIC FEED ADDITIVES 195
TABLE 148 SYNTHETIC: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 195
TABLE 149 SYNTHETIC: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 196
10.3 NATURAL 196
10.3.1 SPIKE IN DEMAND AND ANTIBIOTIC CONCERNS TO DRIVE MARKET 196
TABLE 150 NATURAL: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 197
TABLE 151 NATURAL: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 197
11 FEED ADDITIVES MARKET, BY REGION 198
11.1 INTRODUCTION 199
FIGURE 45 FEED ADDITIVES MARKET: GEOGRAPHICAL SNAPSHOT, 2023–2028 (USD MILLION) 200
TABLE 152 FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 200
TABLE 153 FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 201
TABLE 154 FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 201
TABLE 155 FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 201
11.2 NORTH AMERICA 202
FIGURE 46 NORTH AMERICA: FEED ADDITIVES MARKET SNAPSHOT 202
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 203
FIGURE 47 INFLATION: COUNTRY-LEVEL DATA, 2017–2022 203
FIGURE 48 NORTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 204
TABLE 156 NORTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 204
TABLE 157 NORTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 204
TABLE 158 NORTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (KT) 204
TABLE 159 NORTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (KT) 205
TABLE 160 NORTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 205
TABLE 161 NORTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 206
TABLE 162 NORTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (KT) 206
TABLE 163 NORTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (KT) 207
TABLE 164 NORTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 207
TABLE 165 NORTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 208
TABLE 166 NORTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (KT) 208
TABLE 167 NORTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (KT) 208
TABLE 168 NORTH AMERICA: FEED ADDITIVES MARKET, BY FORM, 2018–2022 (USD MILLION) 209
TABLE 169 NORTH AMERICA: FEED ADDITIVES MARKET, BY FORM, 2023–2028 (USD MILLION) 209
TABLE 170 NORTH AMERICA: FEED ADDITIVES MARKET, BY SOURCE, 2018–2022 (USD MILLION) 209
TABLE 171 NORTH AMERICA: FEED ADDITIVES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 209
11.2.2 US 210
11.2.2.1 Increasing trend of precision feeding techniques to boost demand for effective feed additives 210
TABLE 172 US: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 210
TABLE 173 US: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 210
11.2.3 CANADA 211
11.2.3.1 Spike in demand for meat and lenient regulations pertaining to use of growth promoters to boost market 211
TABLE 174 CANADA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 211
TABLE 175 CANADA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 211
11.2.4 MEXICO 212
11.2.4.1 Significant rise in livestock production to drive feed additive consumption in Mexico 212
TABLE 176 MEXICO: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 212
TABLE 177 MEXICO: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 212
11.3 ASIA PACIFIC 213
FIGURE 49 ASIA PACIFIC: FEED ADDITIVES MARKET SNAPSHOT 214
11.3.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 214
FIGURE 50 ASIA PACIFIC: INFLATION RATES, BY KEY COUNTRY, 2017–2022 215
FIGURE 51 ASIA PACIFIC: RECESSION IMPACT ANALYSIS, 2022 VS. 2023 216
TABLE 178 ASIA PACIFIC: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 216
TABLE 179 ASIA PACIFIC: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 217
TABLE 180 ASIA PACIFIC: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (KT) 217
TABLE 181 ASIA PACIFIC: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (KT) 217
TABLE 182 ASIA PACIFIC: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 218
TABLE 183 ASIA PACIFIC: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 218
TABLE 184 ASIA PACIFIC: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (KT) 219
TABLE 185 ASIA PACIFIC: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (KT) 219
TABLE 186 ASIA PACIFIC: FEED ADDITIVES MARKET, BY FORM, 2018–2022 (USD MILLION) 220
TABLE 187 ASIA PACIFIC: FEED ADDITIVES MARKET, BY FORM, 2023–2028 (USD MILLION) 220
TABLE 188 ASIA PACIFIC: FEED ADDITIVES MARKET, BY SOURCE, 2018–2022 (USD MILLION) 220
TABLE 189 ASIA PACIFIC: FEED ADDITIVES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 220
TABLE 190 ASIA PACIFIC: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 221
TABLE 191 ASIA PACIFIC: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 221
TABLE 192 ASIA PACIFIC: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (KT) 221
TABLE 193 ASIA PACIFIC: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (KT) 222
11.3.2 CHINA 222
11.3.2.1 Huge production of feed in country to drive market 222
TABLE 194 CHINA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 223
TABLE 195 CHINA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 223
11.3.3 INDIA 223
11.3.3.1 Increased consumption of meat and dairy products to boost market demand 223
TABLE 196 INDIA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 224
TABLE 197 INDIA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 224
11.3.4 JAPAN 224
11.3.4.1 Increasing consumer demand for premium animal-based products to accelerate market growth 224
TABLE 198 JAPAN: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 225
TABLE 199 JAPAN: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 225
11.3.5 THAILAND 226
11.3.5.1 Export opportunities in poultry and aquaculture industry to fuel market growth 226
TABLE 200 THAILAND: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 226
TABLE 201 THAILAND: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 227
11.3.6 INDONESIA 227
11.3.6.1 High demand for feed due to growing poultry sector to fuel market growth 227
TABLE 202 INDONESIA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 228
TABLE 203 INDONESIA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 228
11.3.7 REST OF ASIA PACIFIC 228
TABLE 204 REST OF ASIA PACIFIC: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 229
TABLE 205 REST OF ASIA PACIFIC: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 229
11.4 EUROPE 229
11.4.1 EUROPE: RECESSION IMPACT ANALYSIS 230
FIGURE 52 EUROPE: INFLATION RATES, BY KEY COUNTRY, 2017–2022 230
FIGURE 53 EUROPE: RECESSION IMPACT ANALYSIS, 2022 231
TABLE 206 EUROPE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 232
TABLE 207 EUROPE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 232
TABLE 208 EUROPE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (KT) 232
TABLE 209 EUROPE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (KT) 233
TABLE 210 EUROPE: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 233
TABLE 211 EUROPE: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 234
TABLE 212 EUROPE: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (KT) 234
TABLE 213 EUROPE: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (KT) 235
TABLE 214 EUROPE: FEED ADDITIVES MARKET, BY FORM, 2018–2022 (USD MILLION) 235
TABLE 215 EUROPE: FEED ADDITIVES MARKET, BY FORM, 2023–2028 (USD MILLION) 235
TABLE 216 EUROPE: FEED ADDITIVES MARKET, BY SOURCE, 2018–2022 (USD MILLION) 236
TABLE 217 EUROPE: FEED ADDITIVES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 236
TABLE 218 EUROPE: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 236
TABLE 219 EUROPE: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 237
TABLE 220 EUROPE: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (KT) 237
TABLE 221 EUROPE: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (KT) 237
11.4.2 SPAIN 238
11.4.2.1 Increased preference for meat and dairy products to boost market 238
TABLE 222 SPAIN: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 238
TABLE 223 SPAIN: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 239
11.4.3 RUSSIA 239
11.4.3.1 Increasing feed production rate in country to drive market 239
TABLE 224 RUSSIA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 239
TABLE 225 RUSSIA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 240
11.4.4 GERMANY 240
11.4.4.1 Technological advancements in livestock management to fuel market growth 240
TABLE 226 GERMANY: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 240
TABLE 227 GERMANY: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 241
11.4.5 FRANCE 241
11.4.5.1 High domestic demand for meat products to stimulate market growth 241
TABLE 228 FRANCE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 241
TABLE 229 FRANCE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 242
11.4.6 ITALY 242
11.4.6.1 Focus on improving animal health and nutrition to accelerate market growth 242
TABLE 230 ITALY: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 242
TABLE 231 ITALY: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 243
11.4.7 UK 243
11.4.7.1 Rising demand for high-quality meat and dairy products to boost market 243
TABLE 232 UK: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 243
TABLE 233 UK: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 244
11.4.8 REST OF EUROPE 244
TABLE 234 REST OF EUROPE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 244
TABLE 235 REST OF EUROPE: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 245
11.5 SOUTH AMERICA 246
11.6 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 246
FIGURE 54 SOUTH AMERICA: INFLATION RATES, BY KEY COUNTRY, 2017–2022 247
FIGURE 55 SOUTH AMERICA: RECESSION IMPACT ANALYSIS, 2022 247
TABLE 236 SOUTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 247
TABLE 237 SOUTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 248
TABLE 238 SOUTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (KT) 248
TABLE 239 SOUTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (KT) 248
TABLE 240 SOUTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 249
TABLE 241 SOUTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 249
TABLE 242 SOUTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (KT) 250
TABLE 243 SOUTH AMERICA: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (KT) 250
TABLE 244 SOUTH AMERICA: FEED ADDITIVES MARKET, BY FORM, 2018–2022 (USD MILLION) 251
TABLE 245 SOUTH AMERICA: FEED ADDITIVES MARKET, BY FORM, 2023–2028 (USD MILLION) 251
TABLE 246 SOUTH AMERICA: FEED ADDITIVES MARKET, BY SOURCE, 2018–2022 (USD MILLION) 251
TABLE 247 SOUTH AMERICA: FEED ADDITIVES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 251
TABLE 248 SOUTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 251
TABLE 249 SOUTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 252
TABLE 250 SOUTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2018–2022 (KT) 252
TABLE 251 SOUTH AMERICA: FEED ADDITIVES MARKET, BY COUNTRY, 2023–2028 (KT) 252
11.6.1 BRAZIL 252
11.6.1.1 Brazil’s thriving meat export industry to drive market 252
TABLE 252 BRAZIL: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 253
TABLE 253 BRAZIL: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 253
11.6.2 ARGENTINA 254
11.6.2.1 High consumption of meat and thriving livestock industry to boost market 254
TABLE 254 ARGENTINA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 254
TABLE 255 ARGENTINA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 255
11.6.3 REST OF SOUTH AMERICA 255
TABLE 256 REST OF SOUTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 255
TABLE 257 REST OF SOUTH AMERICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 256
11.7 REST OF THE WORLD (ROW) 256
11.7.1 ROW: RECESSION IMPACT ANALYSIS 256
FIGURE 56 ROW: INFLATION RATES, BY KEY COUNTRY, 2018–2022 257
FIGURE 57 ROW: RECESSION IMPACT ANALYSIS, 2022 258
TABLE 258 ROW: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 258
TABLE 259 ROW: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 258
TABLE 260 ROW: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (KT) 259
TABLE 261 ROW: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (KT) 259
TABLE 262 ROW: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (USD MILLION) 260
TABLE 263 ROW: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (USD MILLION) 261
TABLE 264 ROW: FEED ADDITIVES MARKET, BY TYPE, 2018–2022 (KT) 261
TABLE 265 ROW: FEED ADDITIVES MARKET, BY TYPE, 2023–2028 (KT) 262
TABLE 266 ROW: FEED ADDITIVES MARKET, BY FORM, 2018–2022 (USD MILLION) 262
TABLE 267 ROW: FEED ADDITIVES MARKET, BY FORM, 2023–2028 (USD MILLION) 262
TABLE 268 ROW: FEED ADDITIVES MARKET, BY SOURCE, 2018–2022 (USD MILLION) 263
TABLE 269 ROW: FEED ADDITIVES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 263
TABLE 270 ROW: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (USD MILLION) 263
TABLE 271 ROW: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (USD MILLION) 263
TABLE 272 ROW: FEED ADDITIVES MARKET, BY REGION, 2018–2022 (KT) 263
TABLE 273 ROW: FEED ADDITIVES MARKET, BY REGION, 2023–2028 (KT) 264
11.7.2 MIDDLE EAST 264
11.7.2.1 Rising demand for animal-based products to drive market 264
TABLE 274 MIDDLE EAST: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 265
TABLE 275 MIDDLE EAST: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 265
11.7.3 AFRICA 265
11.7.3.1 Escalating disease outbreaks to accelerate market growth 265
TABLE 276 AFRICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2022 (USD MILLION) 266
TABLE 277 AFRICA: FEED ADDITIVES MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 266
12 COMPETITIVE LANDSCAPE 267
12.1 OVERVIEW 267
12.2 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 268
FIGURE 58 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 268
12.3 MARKET SHARE ANALYSIS, 2022 268
TABLE 278 FEED ADDITIVES MARKET: DEGREE OF COMPETITION 269
12.4 KEY PLAYERS’ ANNUAL REVENUE VS. GROWTH 270
FIGURE 59 ANNUAL REVENUE, 2022 (USD BILLION) VS. REVENUE GROWTH, 2020–2022 (%) 270
12.5 KEY PLAYERS’ EBITDA 271
FIGURE 60 EBITDA, 2022 (USD BILLION) 271
12.6 STRATEGIES ADOPTED BY KEY PLAYERS 271
12.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 273
FIGURE 61 FEED ADDITIVES MARKET: GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022 273
12.8 COMPANY EVALUATION MATRIX (KEY PLAYERS) 274
12.8.1 STARS 274
12.8.2 EMERGING LEADERS 274
12.8.3 PERVASIVE PLAYERS 274
12.8.4 PARTICIPANTS 275
FIGURE 62 FEED ADDITIVES MARKET: COMPANY EVALUATION MATRIX, 2022 (KEY PLAYERS) 275
12.8.5 PRODUCT FOOTPRINT 276
TABLE 279 COMPANY FOOTPRINT, BY LIVESTOCK 276
TABLE 280 COMPANY FOOTPRINT, BY TYPE 277
TABLE 281 COMPANY FOOTPRINT, BY REGION 278
TABLE 282 FEED ADDITIVES MARKET: OVERALL COMPANY FOOTPRINT OF KEY PLAYERS 279
12.9 FEED ADDITIVES MARKET: STARTUP/SME EVALUATION QUADRANT, 2022 280
12.9.1 PROGRESSIVE COMPANIES 280
12.9.2 STARTING BLOCKS 280
12.9.3 RESPONSIVE COMPANIES 280
12.9.4 DYNAMIC COMPANIES 280
FIGURE 63 FEED ADDITIVES MARKET: COMPANY EVALUATION MATRIX, 2022 (STARTUPS/SMES) 281
12.9.5 COMPETITIVE BENCHMARKING 282
TABLE 283 DETAILED LIST OF KEY STARTUPS/SMES 282
TABLE 284 COMPETITIVE BENCHMARKING (OTHER PLAYERS), 2022 283
12.10 COMPETITIVE SCENARIO 284
12.10.1 PRODUCT LAUNCHES 284
TABLE 285 FEED ADDITIVES MARKET: PRODUCT LAUNCHES (2019–2023) 284
12.10.2 DEALS 287
TABLE 286 FEED ADDITIVES MARKET: DEALS (2019–2023) 287
12.10.3 OTHERS 294
TABLE 287 FEED ADDITIVES MARKET: OTHERS (2019-2023) 294
13 COMPANY PROFILES 297
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS 297
13.1.1 CARGILL, INCORPORATED 297
TABLE 288 CARGILL, INCORPORATED: BUSINESS OVERVIEW 297
FIGURE 64 CARGILL, INCORPORATED: COMPANY SNAPSHOT 298
TABLE 289 CARGILL, INCORPORATED: PRODUCTS OFFERED 298
TABLE 290 CARGILL, INCORPORATED: DEALS 300
TABLE 291 CARGILL, INCORPORATED: OTHERS 300
13.1.2 ADM 302
TABLE 292 ADM: BUSINESS OVERVIEW 302
FIGURE 65 ADM: COMPANY SNAPSHOT 303
TABLE 293 ADM: PRODUCTS/OFFERED 303
TABLE 294 ADM: PRODUCT LAUNCHES 304
TABLE 295 ADM: DEALS 305
TABLE 296 ADM: OTHERS 305
13.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC. 307
TABLE 297 INTERNATIONAL FLAVORS & FRAGRANCES: BUSINESS OVERVIEW 307
FIGURE 66 INTERNATIONAL FLAVORS & FRAGRANCES: COMPANY SNAPSHOT 308
TABLE 298 INTERNATIONAL FLAVORS & FRAGRANCES: PRODUCTS OFFERED 308
TABLE 299 INTERNATIONAL FLAVORS & FRAGRANCES: PRODUCT LAUNCHES 309
TABLE 300 INTERNATIONAL FLAVORS & FRAGRANCES: PRODUCT LAUNCHES 310
13.1.4 EVONIK INDUSTRIES AG 312
TABLE 301 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW 312
FIGURE 67 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 313
TABLE 302 EVONIK INDUSTRIES AG: PRODUCTS OFFERED 313
TABLE 303 EVONIK INDUSTRIES AG: PRODUCT LAUNCHES 315
TABLE 304 EVONIK INDUSTRIES AG: DEALS 315
TABLE 305 EVONIK INDUSTRIES AG: OTHERS 317
13.1.5 BASF SE 319
TABLE 306 BASF SE: BUSINESS OVERVIEW 319
FIGURE 68 BASF SE: COMPANY SNAPSHOT 320
TABLE 307 BASF SE: PRODUCTS OFFERED 320
TABLE 308 BASF SE: PRODUCT LAUNCHES 322
TABLE 309 BASF SE: DEALS 322
TABLE 310 BASF SE: OTHERS 323
13.1.6 DSM 324
TABLE 311 DSM: BUSINESS OVERVIEW 324
FIGURE 69 DSM: COMPANY SNAPSHOT 325
TABLE 312 DSM: PRODUCTS OFFERED 325
TABLE 313 DSM: PRODUCT LAUNCHES 326
TABLE 314 DSM: DEALS 326
TABLE 315 DSM: OTHERS 328
13.1.7 AJINOMOTO 329
TABLE 316 AJINOMOTO: BUSINESS OVERVIEW 329
FIGURE 70 AJINOMOTO: COMPANY SNAPSHOT 330
TABLE 317 AJINOMOTO: PRODUCTS OFFERED 330
TABLE 318 AJINOMOTO: DEALS 331
13.1.8 NOVOZYMES 332
TABLE 319 NOVOZYMES: BUSINESS OVERVIEW 332
FIGURE 71 NOVOZYMES: COMPANY SNAPSHOT 333
TABLE 320 NOVOZYMES: PRODUCTS OFFERED 333
TABLE 321 NOVOZYMES: PRODUCT LAUNCHES 334
TABLE 322 NOVOZYMES: DEALS 334
TABLE 323 NOVOZYMES: OTHERS 335
13.1.9 CHR. HANSEN 336
TABLE 324 CHR. HANSEN: BUSINESS OVERVIEW 336
FIGURE 72 CHR. HANSEN: COMPANY SNAPSHOT 337
TABLE 325 CHR. HANSEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 337
TABLE 326 CHR. HANSEN: PRODUCT LAUNCHES 338
TABLE 327 CHR. HANSEN: OTHERS 338
13.1.10 TEGASA 340
TABLE 328 TEGASA: BUSINESS OVERVIEW 340
TABLE 329 TEGASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 340
TABLE 330 TEGASA: DEALS 341
13.1.11 NUTRECO 342
TABLE 331 NUTRECO: BUSINESS OVERVIEW 342
TABLE 332 NUTRECO: PRODUCTS OFFERED 342
TABLE 333 NUTRECO: DEALS 343
13.1.12 KEMIN INDUSTRIES INC. 346
TABLE 334 KEMIN INDUSTRIES INC: BUSINESS OVERVIEW 346
TABLE 335 KEMIN INDUSTRIES INC.: PRODUCTS OFFERED 346
TABLE 336 KEMIN INDUSTRIES INC.: PRODUCT LAUNCHES 347
TABLE 337 KEMIN INDUSTRIES INC.: DEALS 348
TABLE 338 KEMIN INDUSTRIES INC.: OTHERS 348
13.1.13 ADISSEO 349
TABLE 339 ADISSEO: BUSINESS OVERVIEW 349
TABLE 340 ADISSEO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 349
TABLE 341 ADISSEO: DEALS 350
TABLE 342 ADISSEO: OTHERS 350
13.1.14 BRF 352
TABLE 343 BRF: BUSINESS OVERVIEW 352
TABLE 344 BRF: PRODUCTS/SOLUTIONS/SERVICES OFFERED 352
13.1.15 SOLVAY 353
TABLE 345 SOLVAY: BUSINESS OVERVIEW 353
FIGURE 73 SOLVAY: COMPANY SNAPSHOT 354
TABLE 346 SOLVAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 354
13.2 STARTUPS/SMES 356
13.2.1 GLOBAL NUTRITION INTERNATIONAL 356
TABLE 347 GLOBAL NUTRITION INTERNATIONAL: BUSINESS OVERVIEW 356
TABLE 348 GLOBAL NUTRITIONAL INTERNATIONAL: PRODUCTS OFFERED 356
13.2.2 CENTAFARM SRL 358
TABLE 349 CENTAFARM SRL: BUSINESS OVERVIEW 358
TABLE 350 CENTAFARM SRL: PRODUCTS OFFERED 358
TABLE 351 CENTAFARM SRL: PRODUCT LAUNCHES 359
13.2.3 BENTOLI 360
TABLE 352 BENTOLI: BUSINESS OVERVIEW 360
TABLE 353 BENTOLI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 360
13.2.4 NUQO FEED ADDITIVES 362
TABLE 354 NUQO FEED ADDITIVES: BUSINESS OVERVIEW 362
TABLE 355 NUQO FEED ADDITIVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 362
TABLE 356 NUQO FEED ADDITIVES: DEALS 363
TABLE 357 NUQO FEED ADDITIVES: OTHERS 363
13.2.5 NOVUS INTERNATIONAL INC. 364
TABLE 358 NOVUS INTERNATIONAL INC.: BUSINESS OVERVIEW 364
TABLE 359 NOVUS INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 364
TABLE 360 NOVUS INTERNATIONAL INC.: DEALS 365
13.2.6 PALITAL FEED ADDITIVES B.V. 367
13.2.7 VITAFORMS 368
13.2.8 ALLTECH 369
13.2.9 NEOSPARK DRUGS AND CHEMICALS PRIVATE LIMITED 370
13.2.10 TEX BIOSCIENCES (P) LTD. 371
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 372
14.1 INTRODUCTION 372
TABLE 361 ADJACENT MARKETS TO FEED ADDITIVES 372
14.2 LIMITATIONS 372
14.3 PHYTOGENIC FEED ADDITIVES 372
14.3.1 MARKET DEFINITION 372
14.3.2 MARKET OVERVIEW 373
TABLE 362 PHYTOGENIC FEED ADDITIVES MARKET, BY LIVESTOCK, 2018–2021 (USD MILLION) 373
TABLE 363 PHYTOGENIC FEED ADDITIVES MARKET, BY LIVESTOCK, 2022–2027 (USD MILLION) 373
14.4 FEED ENZYMES MARKET 374
14.4.1 MARKET DEFINITION 374
14.4.2 MARKET OVERVIEW 374
TABLE 364 FEED ENZYMES MARKET, BY LIVESTOCK, 2018–2025 (USD MILLION) 374
15 APPENDIX 375
15.1 DISCUSSION GUIDE 375
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 381
15.3 CUSTOMIZATION OPTIONS 383
15.4 RELATED REPORTS 383
15.5 AUTHOR DETAILS 384