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Report overview
The global Feed Additives market was valued at US$ 83810 million in 2022 and is projected to reach US$ 87940 million by 2029, at a CAGR of 0.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Animal feed additives are enzyme supplements, phosphate, calcium and trace mineral mixtures that can be given to grazing animals during the dry or rainy season. These animal feed supplements can be mixed with fodder and have an extra shelf life.
Animal nutrition focuses on the dietary needs of animals, primarily those in agriculture and food production, but also in zoos, aquariums, and wildlife management. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals? performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given following a scientific evaluation demonstrating that the additive has no harmful effects, on human and animal health and on the environment.
This report aims to provide a comprehensive presentation of the global market for Feed Additives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Feed Additives. This report contains market size and forecasts of Feed Additives in global, including the following market information:
Evonik is the leading company in the global feed additives market, but only has a market share of less than 4%. China is the global leading producer of feed additives, accounting for more than 30% of the market. In terms of type, the sales share of minerals is more than 50%. In the application field, the revenue share of poultry feed accounts for more than 40%.
We surveyed the Feed Additives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Feed Additives Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Feed Additives Market Segment Percentages, by Type, 2022 (%)
Global Feed Additives Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Feed Additives Market Segment Percentages, by Application, 2022 (%)
Global Feed Additives Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Feed Additives Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Feed Additives revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Feed Additives revenues share in global market, 2022 (%)
Key companies Feed Additives sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Feed Additives sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: