# Animal Feed Additives Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-03-02
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Animal Feed Additives Market: Growth, Trends, and Forecast
Meta Description: Explore the latest trends in the animal feed additives market, including the growth of plant-based additives and the increasing demand for amino acids in
URL: https://financedigest.com/animal-feed-additives-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2031html

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As per ESOMAR-certified consulting firm Future Market Insights (FMI), the [animal feed additives market](https://www.futuremarketinsights.com/reports/animal-feed-additives-market) reached **US$ 16,364.1** Mn in 2021. With increasing adoption of protein-based animal feed additives, the market is poised to expand at a steady **2.70% CAGR** between 2021-2031.

The increasing demand for high-quality and nutritious animal products such as eggs, meat, and milk have underscored the need for a balanced diet in livestock. Driven by this, farmers are heavily investing in animal feed additives to suffice the dietary requirements in livestock, thereby promoting [sales in the market](https://www.financedigest.com/robotic-vacuum-cleaners-market-to-gain-over-75-of-revenue-from-in-house-robots-sales-fmi.html "Robotic Vacuum Cleaners Market to Gain Over 75% of Revenue from In-house Robots Sales: FMI").

Moreover, the ever-increasing meat consumption in various countries is generating demand for animal feed additives in animal husbandry and pisciculture.

To promote better health and productivity in animals, governments in various countries have banned the use of antibiotics in animal feed, which is [increasing the adoption of plant-based animal feed additives in the market](https://www.financedigest.com/metrology-software-market-will-increase-at-a-cagr-of-7-0-from-2021-2031.html "Metrology Software Market will increase at a CAGR of 7.0% from 2021-2031.").

Stringent regulations regarding product labeling are [encouraging](https://www.financedigest.com/over-half-of-britons-say-loyalty-cards-encourage-them-to-buy-a-product-niq.html "Over half of Britons say loyalty cards encourage them to buy a product – NIQ") producers to improve ingredient selection and enhance research and development for launching better products in the market. Increasing awareness regarding a balanced diet in the livestock [industry will remain a major factor driving](https://www.financedigest.com/car-sharing-industry-revs-up-with-wembley-park-residents-in-the-driving-seat.html "Car sharing industry revs up with Wembley Park residents in the driving seat") sales in the market.

As per FMI’s [regional analysis](https://www.financedigest.com/powdered-soft-drinks-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2032.html "Powdered Soft Drinks Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2032"), the U.S. will dominate the animal feed additives market, owing to the presence of well-established agriculture and livestock industry. Apart from this, the growing population and meat consumption in the country is [anticipated to shoulder market growth in the near future](https://www.financedigest.com/microalgae-market-is-anticipated-to-account-a-growth-for-8-0-cagr-during-2022-to-2028-data-analysis-by-future-market-insights-inc.html "Microalgae Market is Anticipated to Account a Growth for ~ 8.0% CAGR During 2022 to 2028 | Data Analysis by Future Market Insights Inc. ").

Rising meat consumption across the world, coupled with demand for high-quality and nutrient-rich anima-based products, will provide tailwinds to animal feed additives [sales growth through 2031,” says](https://www.financedigest.com/aldi-uk-says-december-sales-up-26.html "Aldi UK says December sales up 26%") the FMI analyst.

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**Key Takeaways from Animal Feed Additives** [Market Analysis](https://www.financedigest.com/banana-flakes-market-growth-future-prospects-and-competitive-analysis-2022-to-2032.html "Banana Flakes Market Growth, Future Prospects And Competitive Analysis 2022 to 2032")

- Amino acids will emerge as the most preferred product type, owing to their health [benefits](https://www.financedigest.com/aon-completes-acquisition-of-health-and-benefits-brokerage-and-solutions-firm-admix.html "Aon completes acquisition of health and benefits brokerage and solutions firm Admix") including improved digestion and gut health.
- Animal feed additives will be widely adopted in the poultry sector, due to growing demand for eggs and chicken in several countries.
- Sales of plant-based animal feed additives will gain traction for improving the texture, taste, and odor of animal feed.
- The U.S. is anticipated to witness high demand for animal feed additives due to expansions in the agriculture and livestock industry.
- China will exhibit lucrative growth patterns, owing to increasing [meat production and consumption](https://www.financedigest.com/meat-substitutes-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2032.html "Meat Substitutes Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2032") in the country.
- Prevalence of regional and [global market](https://www.financedigest.com/the-feds-rate-hike-that-wasnt-and-brexit-a-snapshot-of-global-financial-markets.html "The Fed’s rate hike that wasn’t and Brexit: a snapshot of global financial markets") players will shape the sales outlook of animal feed additives in Germany.
- Growing population and shifting [consumer preference towards protein-rich diet will foster sales](https://www.financedigest.com/germany-to-lower-sales-tax-on-gas-to-7-in-bid-to-relieve-consumers.html "Germany to lower sales tax on gas to 7% in bid to relieve consumers") of animal feed additives in India.
- Japan and South Korea will collectively [account for 13% of the total market](https://www.financedigest.com/opec-meeting-to-take-into-account-market-conditions-iraqi-official.html "OPEC+ meeting to take into account market conditions – Iraqi official") share.

**Competitive Landscape**

Ajinomoto Co., Inc., Akzo Nobel N.V., Alltech Inc., Archer Daniels Midland Company, BASF SE, Biomin GmbH, Cargill Inc., Chr. Hansen Holding A/S, CP Group, E. I. du Pont de Nemours and Company, Evonik Industries AG, Invivo Group, Koninklijke DSM N.V., Kemin Industries, Lallemand Inc., Norel S.A., Novozymes A/S, Nutreco, Phibro Animal Health Corporation, Novus International Inc., Tyson Foods, Inc., and Solvay Group are among the leading [players operating in the animal feed additives market](https://www.financedigest.com/therapeutic-robots-market-2022-industry-research-segmentation-key-players-analysis-and-forecast-to-2029.html "Therapeutic Robots Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2029").

[Top 5 players in the market](https://www.financedigest.com/head-band-ophthalmoscopes-market-growth-share-industry-dynamics-top-trends-and-regional-analysis-forecast-to-2027.html "Head Band Ophthalmoscopes Market Growth Share, Industry Dynamics, Top Trends and Regional Analysis Forecast to 2027") include BASF SE, EVONIK INDUSTRIES AG, Cargill, Inc., Koninklijke DSM N.V., and Nutreco N.V., accounting for **30-40%** of the total market share.

As per FMI’s analysis, [key players operating in the market](https://www.financedigest.com/phosphatidylserine-market-industry-research-segmentation-key-players-analysis-and-forecast-to-2032.html "Phosphatidylserine Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2032") are focusing on mergers and acquisitions as a part of their inorganic growth strategies. Apart from this, production facility expansions and product portfolio advancements are helping players gain a [competitive edge in the animal feed additives market](https://www.financedigest.com/digital-instrument-clusters-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Digital Instrument Clusters Market Competitive Growth Strategies Based on Type, Applications, End User and Region"). For instance:

- In May 2021, Kemin Industries acquired Bio-Cide International Inc., an Oklahoma-based leader in chlorine dioxide-based antimicrobial technology. The acquisition was aimed at strengthening Kemin Industries’ processes to provide [food safety in animal feed products](https://www.financedigest.com/end-of-cheap-money-for-u-s-farmers-plows-trouble-into-food-production.html "End of cheap money for U.S. farmers plows trouble into food production").
- In January 2021, Philbro Animal Health Corporation announced the opening of a new production facility in Omaha, Nebraska. The new production facility will manufacture and supply animal feed additives and mineral premixes to U.S. livestock producers while guaranteeing food safety.

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**More Insights into the Animal Feed Additives Market Report**

Animal Feed Additives Market by Category

**By Additive Type:**

- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Feed Enzymes
- Feed Additives
- Minerals

**By Application Type:**

- Ruminants
- Poultry
- Swine
- Aquatic

**By Source Type:**

- Plant
- Animal
- Micro-organisms

**By Region:**

- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- Japan
- Oceania
- MEA

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