The Global Specialty Feed Additives Market accounted for USD 9.44 Billion in 2020 and is expected to reach USD 16.78 Billion by 2028, growing at a CAGR of 7.5% from 2021 to 2028.
Market Overview
The Global Specialty Feed Additives Market accounted for USD 9.44 Billion in 2020 and is expected to reach USD 16.78 Billion by 2028, growing at a CAGR of 7.5% from 2021 to 2028.
The adding up of specialty feed additives such as sweeteners and flavors aids to improve the flavor of the feed. This in turn leads to a huge feed consumption by the livestock animals thus making them perform well. As a result, these flavor enhancers are seeing significant growth and gaining market share in the worldwide specialty feed additives industry. Furthermore, rising animal product usage and the prevalence of diseases in livestock animals such as swine flu, avian flu, and foot-and-mouth infections exacerbate security and apprehension concerns, and are the most crucial elements for the worldwide specialty feed additives market.
COVID-19 Impact Analysis
More than 100 nations have been affected by the COVID-19 epidemic, which will have a substantial impact on the compound feed and additives market in 2020. The coronavirus disease (COVID-19) pandemic is spreading rapidly and claiming human lives all over the world. To slow the spread of the virus and save lives, lockdowns, isolation, and broad closures are required. The coronavirus outbreak is having an influence on worldwide economic activity. Because feed is such an important component in the development of various livestock animals, feed additives are an important component in the manufacture of nutrition-fortified feed. This nutrient-rich feed aids animals in maintaining their health, reproduction, lactation, and brand equity. The raw ingredient supply chain has been influenced by the pandemic and lockdown, affecting consumption and manufacturing patterns around the world. Because animals cannot acquire enough nourishment from conventional feed, feed additives containing vitamins, fatty acids, amino acids, and trace minerals are added to their daily meal.
Growth Factors
The major growth factors of Specialty Feed Additives Market are: Infectious illness is prevalent in typical farmed animals at a high rate, the current high rate of disease infliction in common farm animals is the most essential element attributed to the thriving expansion of the worldwide specialty feed additives market. With animal health being so closely linked to commercial success, it is becoming increasingly important for firms and individuals that own and manage these animals to ensure that they are free of hazardous infections, diseases, and parasites.
Innovations in animal husbandry, Increased cost efficiency, enhanced animal welfare, improved working conditions, better production monitoring and improved provision of essential production data are just a few of the advantages of new technology. Electronic records, milking, heat detection walk-over-weighing, auto-drafting, genetic improvement, feeding, barn environment optimization, and health recording are some of the primary technologies that livestock farmers require.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Livestock Segment Analysis
As a result of the rise in diseases such as avian flu, stricter laws and standards have been implemented, driving greater demand for specialized chemicals. Furthermore, worldwide chicken meat production is predicted to grow at a rapid pace, resulting in increased demand for poultry feed over the forecast period. The growth is likely to be driven by rising pork consumption in North America, Europe, and Asia Pacific. The top producers and consumers of swine feed are Canada, Brazil, the United States, and China. In these regions, this factor is expected to boost demand for feed and feed additives. The feed is divided into three categories: grower feed, sow feed, and pig starter feed, depending on the stage of growth. As a result, suitable formulations and rations must be provided at each stage of growth.
Product Segment Analysis
The Specialty feed additives market is divided into amino acids, vitamins, antibiotics, antioxidants, acidifiers, enzymes, and others based on product. In terms of revenue, amino acids accounted for 35% of the overall market in 2020. Growing consumer awareness regarding the benefits related with the use of feed additives to reduce the prevalence of diseases has supported the demand. Amino acids square measure thought of as macromolecule building blocks for eutherian health. Amino acids square measure answerable for enhancing gut health, food intake, copy, and metastasis, among others. totally different sorts of amino acids embody threonine, tryptophan, lysine, and essential amino acid. essential amino acid is primarily utilized in the pork business, whereas essential amino acid is preponderantly utilized in the poultry business. Antibiotics in animal feed boost growth and help to avoid disease.
Regional Segment Analysis
In terms of volume, North America accounted for 21% of the global market share in 2020. The demand for meat is projected to continue to be driven by strict meat quality rules. Furthermore, demand is expected to be fueled by the high availability of raw materials such as dextrose, maize, and corn over the projection period. Because of the vast number of regional and global industry participants, the specialized feed additives market in North America is extremely competitive and consolidated.
The Asia Pacific region is projected to grow at a CAGR of 9.3% over the forecast period.
With a large economy based on livestock and agriculture, Asia Pacific is expected to be a highly capable area of interest for major participants in the global specialty feed additives market. Due to strong economic growth in rising economies such as China, Indonesia, and India, the region has seen a significant increase in demand. Growing population and growing living standards have boosted regional meat demand, which is expected to continue to increase product demand.
Key Market Players & Competitive Landscape
Some of key players in Specialty Feed Additives market are BASF SE, Novus International, Evonik Industries, DSM, AkzoNobel Surface Chemistry AB, Nutreco N.V., Novozymes A/S, Kemin Industries Inc., and Brookside Agra, among others.
The Global Specialty Feed Additives Market is segmented as follows:
By Function
By Livestock
By Product
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Function
FIG NO. 2. Market Attractiveness Analysis, By Livestock
FIG NO. 3. Market Attractiveness Analysis, By Product
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Specialty Feed Additives Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Function, 2020 & 2028
FIG NO. 8. Global Specialty Feed Additives Market for Gut Health & Digestive Performance, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Specialty Feed Additives Market for Gut Health & Digestive Performance, By Country, 2020 & 2028
FIG NO. 10. Global Specialty Feed Additives Market for Mycotoxin Management, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Specialty Feed Additives Market for Mycotoxin Management, By Country, 2020 & 2028
FIG NO. 12. Global Specialty Feed Additives Market for Palatability Enhancement, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Specialty Feed Additives Market for Palatability Enhancement, By Country, 2020 & 2028
FIG NO. 14. Global Specialty Feed Additives Market for Preservation of Functional Ingredients, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Specialty Feed Additives Market for Preservation of Functional Ingredients, By Country, 2020 & 2028
FIG NO. 16. Global Specialty Feed Additives Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Specialty Feed Additives Market for Others, By Country, 2020 & 2028
FIG NO. 18. Market Revenue Share, By Livestock, 2020 & 2028
FIG NO. 19. Global Specialty Feed Additives Market for Swine, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Specialty Feed Additives Market for Swine, By Country, 2020 & 2028
FIG NO. 21. Global Specialty Feed Additives Market for Ruminants, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Specialty Feed Additives Market for Ruminants, By Country, 2020 & 2028
FIG NO. 23. Global Specialty Feed Additives Market for Poultry, Revenue (USD Billion) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Specialty Feed Additives Market for Poultry, By Country, 2020 & 2028
FIG NO. 25. Global Specialty Feed Additives Market for Aquatic Animals, Revenue (USD Billion) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Specialty Feed Additives Market for Aquatic Animals, By Country, 2020 & 2028
FIG NO. 27. Global Specialty Feed Additives Market for Pork, Revenue (USD Billion) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Specialty Feed Additives Market for Pork, By Country, 2020 & 2028
FIG NO. 29. Global Specialty Feed Additives Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Specialty Feed Additives Market for Others, By Country, 2020 & 2028
FIG NO. 31. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 32. Global Specialty Feed Additives Market for Amino Acids, Revenue (USD Billion) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Specialty Feed Additives Market for Amino Acids, By Country, 2020 & 2028
FIG NO. 34. Global Specialty Feed Additives Market for Vitamins, Revenue (USD Billion) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Specialty Feed Additives Market for Vitamins, By Country, 2020 & 2028
FIG NO. 36. Global Specialty Feed Additives Market for Antibiotics, Revenue (USD Billion) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Specialty Feed Additives Market for Antibiotics, By Country, 2020 & 2028
FIG NO. 38. Global Specialty Feed Additives Market for Antioxidants, Revenue (USD Billion) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of Specialty Feed Additives Market for Antioxidants, By Country, 2020 & 2028
FIG NO. 40. Global Specialty Feed Additives Market for Acidifiers, Revenue (USD Billion) 2016 – 2028
FIG NO. 41. Comparative Revenue Analysis of Specialty Feed Additives Market for Acidifiers, By Country, 2020 & 2028
FIG NO. 42. Global Specialty Feed Additives Market for Enzymes, Revenue (USD Billion) 2016 – 2028
FIG NO. 43. Comparative Revenue Analysis of Specialty Feed Additives Market for Enzymes, By Country, 2020 & 2028
FIG NO. 44. Global Specialty Feed Additives Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 45. Comparative Revenue Analysis of Specialty Feed Additives Market for Others, By Country, 2020 & 2028
FIG NO. 46. Global Specialty Feed Additives Market Revenue Share, By Region, 2020 & 2028
FIG NO. 47. North America Specialty Feed Additives Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 48. Porter’s Five Forces Analysis for Global Specialty Feed Additives Market
FIG NO. 49. PEST Analysis for Global Specialty Feed Additives Market
FIG NO. 50. Pricing Analysis for Global Specialty Feed Additives Market
FIG NO. 51. Value Chain Analysis for Global Specialty Feed Additives Market
FIG NO. 52. Company Share Analysis, 2019
FIG NO. 53. Radar Determinant Chart, 2019
FIG NO. 54. Company Strategic Developments – Heat Map Analysis
FIG NO. 55. BASF SE Business Segment Revenue Share, 2020 (%)
FIG NO. 56. BASF SE Geographical Segment Revenue Share, 2020 (%)
FIG NO. 57. Market Channels
FIG NO. 58. Marketing Channel Development Trend
FIG NO. 59. Growth in World Gross Product, 2008-2018
FIG NO. 60. Research Methodology – Detailed View
FIG NO. 61. Research Methodology
List of Tables
TABLE NO. 1: Global Specialty Feed Additives Market: Snapshot
TABLE NO. 2: Quarterly Specialty Feed Additives Market Revenue by Region, 2020
TABLE NO. 3: Quarterly Specialty Feed Additives Market Revenue Forecast by Region, 2021
TABLE NO. 4: Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5: Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6: Global Specialty Feed Additives Market for Gut Health & Digestive Performance, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7: Global Specialty Feed Additives Market for Mycotoxin Management, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8: Global Specialty Feed Additives Market for Palatability Enhancement, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9: Global Specialty Feed Additives Market for Preservation of Functional Ingredients, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10: Global Specialty Feed Additives Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Specialty Feed Additives Market for Swine, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12: Global Specialty Feed Additives Market for Ruminants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13: Global Specialty Feed Additives Market for Poultry, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14: Global Specialty Feed Additives Market for Aquatic Animals, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15: Global Specialty Feed Additives Market for Pork, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16: Global Specialty Feed Additives Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17: Global Specialty Feed Additives Market for Amino Acids, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18: Global Specialty Feed Additives Market for Vitamins, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 19: Global Specialty Feed Additives Market for Antibiotics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 20: Global Specialty Feed Additives Market for Antioxidants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 21: Global Specialty Feed Additives Market for Acidifiers, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 22: Global Specialty Feed Additives Market for Enzymes, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 23: Global Specialty Feed Additives Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 24: Global Specialty Feed Additives Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 25: North America Specialty Feed Additives Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 26: North America Specialty Feed Additives Market Revenue, By Function, 2016 – 2028 (USD Billion)
TABLE NO. 27: North America Specialty Feed Additives Market Revenue, By Livestock, 2016 – 2028 (USD Billion)
TABLE NO. 28: North America Specialty Feed Additives Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 29: U.S. Specialty Feed Additives Market Revenue, By Function, 2016 – 2028 (USD Billion)
TABLE NO. 30: U.S. Specialty Feed Additives Market Revenue, By Livestock, 2016 – 2028 (USD Billion)
TABLE NO. 31: U.S. Specialty Feed Additives Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 32: Canada Specialty Feed Additives Market Revenue, By Function, 2016 – 2028 (USD Billion)
TABLE NO. 33: Canada Specialty Feed Additives Market Revenue, By Livestock, 2016 – 2028 (USD Billion)
TABLE NO. 34: Canada Specialty Feed Additives Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 35: Mexico Specialty Feed Additives Market Revenue, By Function, 2016 – 2028 (USD Billion)
TABLE NO. 36: Mexico Specialty Feed Additives Market Revenue, By Livestock, 2016 – 2028 (USD Billion)
TABLE NO. 37: Mexico Specialty Feed Additives Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 38: Drivers for the Specialty Feed Additives Market: Impact Analysis
TABLE NO. 39: Restraints for the Specialty Feed Additives Market: Impact Analysis
TABLE NO. 40: Major Buyers of Specialty Feed Additives
TABLE NO. 41: Distributors/Traders List of Specialty Feed Additives
TABLE NO. 42: Global Specialty Feed Additives Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 43: Global Specialty Feed Additives Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
Request the coronavirus impact analysis across industries and markets
The global Specialty Feed Additives market was valued at USD 9.44 Billion in 2020.
The global Specialty Feed Additives market is expected to reach USD 16.78 Billion by 2028, growing at a CAGR of 7.5% between 2021 to 2028.
Some of the key factors driving the global Specialty Feed Additives market growth are Infectious illness is prevalent in typical farmed animals at a high rate and animal husbandry innovations, increased cost efficiency, higher animal welfare, better working conditions, improved production monitoring, and improved availability of key production data are just a few of the benefits of new technology.
In 2020, North America accounted for 21% of worldwide market share. Strict meat quality regulations are expected to continue to stimulate beef demand. Asia Pacific is likely to be a very capable area of interest for major participants in the worldwide specialized feed additives market, with a huge economy dependent on livestock and agriculture.
Some of the major companies operating in the Specialty Feed Additives market are BASF SE, Novus International, Evonik Industries, DSM, AkzoNobel Surface Chemistry AB, Nutreco N.V., Novozymes A/S, Kemin Industries Inc., and Brookside Agra, among others.
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed