Latest News- Animal Feed Additives Market: Poultry is expected to lead the Application segment during 2025-2029

The Animal Feed Additives Market is being driven by Rise in global meat consumption

The Animal Feed Additives Market is expected to grow at a CAGR of 6.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11111.1 million. The animal feed additives market is poised for significant expansion due to the increasing number of product launches from both regional and international players. Manufacturers are implementing innovative and strategic distribution methods to expand their market reach. Furthermore, technological advancements by key players, such as Corbion's recent introduction of AlgaPrime DHA P3, a high-performance omega-3 ingredient for pet food manufacturers on September 25, 2023, are anticipated to fuel market growth during the forecast period. These developments underscore the dynamic nature of the global animal feed additives market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Poultry
  • Ruminants
  • Swine
  • Others
• Type
  • Dry
  • Liquid
• Product
  • Vitamins
  • Minerals
  • Feed enzymes
  • Antioxidants
  • Others
• Source
  • Synthetic
  • Natural
• Product Type
  • Single function
  • Multifunction
• Geography
  • APAC
    • China
    • India
  • North America
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in global meat consumption
• Growing demand for feed additives owing to rising disease outbreaks in livestock
• Increasing investments and focus on expanding production capabilities

However, the market also witnesses some limitations, which are as follows:

• Increase in raw material prices of animal feed additives
• Increasing popularity of vegan diets
• Stringent regulations and bans on using antibiotics

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Market Scope in Animal Feed Additives Market Research Report

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Research Analysis Overview

The Animal Feed Additives Market focuses on enhancing natural growth and improving animal nutrition for optimal performance in feed formulation. This involves boosting feed intake, enhancing digestive health, and promoting gut health through animal science and livestock management. Feed processing and safety regulations ensure feed quality, while nutritional supplements address specific nutrient requirements. Sustainable agriculture and alternative feed ingredients contribute to reducing feed costs and addressing consumer concerns for antibiotic alternatives, organic feed, and ethical meat consumption. Precision feeding, feed digestibility, and veterinary care are essential for animal health management. Feed safety, feed technology, and feed analysis ensure the production of safe and high-quality animal products, meeting industry trends for grass-fed, antibiotic-free, and pasture-raised livestock. Addressing antibiotic resistance and meat quality through feed additives is crucial for maintaining consumer trust and promoting sustainable farming practices.

Market Research Overview

The Animal Feed Additives Market encompasses a range of products, including essential oils, metabolic modifiers, sustainable practices, non-nutritive ingredients, and synthetic feed additives. This market's growth is driven by several factors. Firstly, the increasing demand for sustainable and eco-friendly practices in animal farming is leading to a surge in the use of natural feed additives, such as essential oils. Additionally, the adoption of metabolic modifiers to enhance animal productivity and improve feed efficiency is gaining traction. Furthermore, non-nutritive ingredients, such as antioxidants and phytogenics, are increasingly being used to improve animal health and reduce the reliance on antibiotics. Synthetic feed additives continue to hold a significant market share due to their cost-effectiveness and proven efficacy in enhancing animal performance. Overall, the Animal Feed Additives Market is poised for robust growth in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/