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Specialty Feed Additives Market

Specialty Feed Additives Market

Specialty Feed Additives Market Report By Feedstock (Binders, Acidifiers, Minerals, Antioxidants, Vitamins), By Form (Dry, Liquid), By Functionality (Palatability Enhancement, Mycotoxin Management, Preservation of Functional Ingredients) & Regional Forecast 2021-2031

Specialty Feed Additives Market
  • Oct-2021
  • List of Tables : 100
  • List of Figures : 100
  • 170 Pages
  • Food & Beverage

Specialty Feed Additives Market Outlook

The specialty feed additives industry is anticipated to surge at a CAGR of 5.5% from 2021 to 2031. Demand for specialty feed acidifiers will emerge the strongest, generating an absolute opportunity worth US$ 550 Mn by 2031. Overall, the market is anticipated to be valued at US$ 10.8 Bn by 2021-end.

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Key Points Covered in Specialty Feed Additives Industry Survey

  • Market Estimates and Forecasts 2016-2031
  • Key drivers and restraints shaping market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Specialty Feed Additives and How to Navigate
  • Recommendation on a Key Winning Strategy

Specialty Feed Additives Consumption Analysis 2016-2020 Vs Outlook 2021-2031

The global market for specialty feed additives expanded at a CAGR of 5% from 2016 to 2020, according to Fact.MR. This growth was backed by growing emphasis on sustainability of animal nutrition products across the developed as well as developing regions.

Further, the market escalated with the snowballing consumption of dairy, poultry and meat products worldwide. According to a United Nations report, “By 2050 the planet could have as many as 9.7 billion mouths to feed. The significant gush in overall population across key regions like India and China is projected to amplify the demand for specialty feed additives.

Attributed by the augmented focus on livestock health after the outbreak of diseases such as bird flu and swine flu, which often creates sudden public panic, the global specialty feed additives market is estimated to surpass US$ 18.4 Bn by the end of forecast period ranging from 2021-2031.

An Adaptive Approach to Modern-day Research Needs

Rising Frequency of Zoonotic Diseases to Enhance Specialty Feed Uptake?

Recent years have seen an explosion of various zoonotic diseases across the world. Various categories of bacterial, viral or parasitic infections have been documented amongst animals of all species. In addition, their prevalence has posed a major threat to human existence as well, the well-documented instance of the same being the current COVID-19 pandemic.

According to the World Health Organization, zoonoses comprise a large percentage of all newly identified infectious diseases, with some infections such as HIV beginning as zoonosis and later mutating into human-only strains. Consequently, efforts are underway to mitigate this incidence across the world.

Based on this development, the need to incorporate specialty feed additives and ingredients in animal feeds has acquired paramount importance. In January 2021, Novus International partnered with Agrivida, to leverage its technology of embedding feed additives directly into corn grown for production animals. By having the additive inside of the grain, the molecules are more efficiently absorbed, and producers can improve both animal performance and their bottom line.

How is the Foray for Discovering Novel Additives Stimulating Market Growth?

Companies are constantly investing in innovative, cutting-edge and science-based technologies to make sustainable animal production possible. For instance, Erbo Spraytec AG’ has invested nearly 4 Mn Euros at its headquarters in Buetzberg, Switzerland.

In many countries the use of feed additives is more and more questioned by the consumers: substances such as antibiotics and β-agonists with expected high risks are banned in animal diets. Therefore, the feed industry is highly interested in valuable alternatives which could be accepted by the consumers. Probiotics, prebiotics, enzymes and highly available minerals as well as herbs can be seen as alternatives to metabolic modifiers and antibiotics.

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Country-wise insights

How is Rising Meat Production Broadening Scope across the U.S?

In terms of global consumption, the U.S is amongst the largest consumer of specialty feed additives. Growth in the meat industry will cater to the demand for specialty feed additives in U.S.

As recognized by the Food & Drug Administration, animal feed additives are classified under Generally Recognized as Safe (GRAS), which ensures that animal food quality meet the required standards. Soaring meat & meat products consumption has led to rise in incorporation of various additives such as vitamins, and organic and inorganic trace minerals, which will augment demand.

Growing fondness for processed food and upsetting obligation to improve food security is driving the aquaculture sector, which in turn is predicted to positively influence the country’s animal feed additive market in the coming years. Fact.MR predicts the U.S market to surge at a CAGR of 5% until 2031.

Why China Is Witnessing High Traction in Specialty Feed Additives Market?

With a fast-growing animal feed industry, and a growing industrial manufacturing sector, the specialty feed additives market in China will contribute more than 35% of total revenue in 2021.

A recent study on the Chinese feed market by World Grain, concluded that, “Livestock production became more commercialized in the 2000s and producers were more willing to pay for commercially mixed feeds compared to backyard producers. Feed companies expanded regionally and nationally, and compared to its initial beginnings, China’s feed industry has become more diverse, while privately-owned companies are leading the way.

The presence of prominent key players of feed additives in China has strong armed the nation’s economy. As per the reports of U.S. Department of Agriculture Economic Research Service (ERS), “China has agreements with Australia to phase out tariffs on imports of beef and dairy products, and it also has agreements with several Eastern European countries to import cattle, sheep and pork. Along with this, China is also making overseas investments focused on meat and dairy production, including the purchase of Smithfield Foods by China’s Shuanghui Group.”

Specialty feed additives market forecast analysis by Fact.MR

Category-wise Insights

Why are Specialty Feed Acidifiers Set to Gain Major Traction?

The acidifiers segment is expected to be the most lucrative during the forecast period, at a CAGR of about 6%. Acidifiers are easily metabolized by animals. In addition to inhibitory effects due to low pH, acidifiers have a direct bactericidal action.

Acidifiers are powerful tools to maintain animal health and assist with food safety goals. Consistent beneficial effects on productivity in livestock and poultry have been reported in numerous scientific studies with results showing decreased microbial counts and improved animal growth performance, reduced diarrhoea, morbidity, and mortality rates.

Palatability Enhancement to be Primary Function of Specialty Feed Additives?

Based on functionality, palatability enhancements is likely to be the fastest expanding segment, registering a CAGR of 4.5% through 2031, according to Fact.MR. Palatability enhancement influences ease of prehension and mastication. Furthermore, greater sensory response towards feeds can integrate nutritive value.

Including pleasant taste and odor in animal feeds increases intake of specialty feed additives, as they invoke a positive sensory response amongst animals. For instance, sheep prefer the taste of monosodium glutamate and the odor of butyric acid over acetic acid. Also, palatability enhancement are associated with digestive modifications.

Competitive Landscape

Primary focus of leading manufacturers of specialty feed additives is on introducing novel product lines into the global market. Besides this, players are reliant on strategic partnerships with existing entities to enhance their production capacities. Notable developments in the market as follows:

  • In September 2021, Koninklijke DSM NV announced its strategic decision to fully focus on its resources and capabilities, by establishing an independent animal nutrition & health business group, focusing entirely on specialty solutions for a radical, yet achievable, transformation in the sustainability of animal protein production.
  • In March 2019, BASF SE introduced a new phytase, Natuphos E, to unlock vital nutrients for the feed industry in Indonesia. Natuphos E helps animals better utilize important nutrients- rendering livestock feed more cost effective and environmentally friendly.

Report Scope

Attribute Details
Market Size Value in 2021 USD 10.8 Billion
Market Value Forecast in 2031 USD 18.4 Billion
Growth Rate CAGR of 5.5% from 2021 to 2031
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & Kilo Tons for Volume
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
Key Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Nordics
  • China
  • Japan
  • India
  • Australia
  • New Zealand
  • Brazil
  • Mexico
  • GCC
  • Turkey          
  • South Africa
Key Segments Covered
  • Feedstock
  • Form
  • Functionality
  • Region
Key Companies Profiled
  • Koninklijke DSM N.V.
  • DuPont de Nemours Inc.
  • Evonik Industries
  • Novozymes A/S
  • Nutreco N.V.
  • Novus International
  • Akzo Nobel Surface Chemistry AB
  • Kemin Industries Inc.
  • Brookside Agra
  • Neovia Group
  • Chr. Hansen Holdings A/S
Pricing Available upon Request

Key Segments Covered

  • Feedstock

    • Specialty Feed Binders
    • Specialty Feed Acidifiers
    • Specialty Feed Minerals
    • Specialty Feed Antioxidants
    • Specialty Feed Flavors & Sweeteners
    • Specialty Feed Vitamins
    • Other Specialty Feed Additives
  • Form

    • Dry Specialty Feed Additives
    • Liquid Specialty Feed Additives
  • Functionality

    • Specialty Feed Additives for Palatability Enhancement
    • Specialty Feed Additives for Mycotoxin Management
    • Specialty Feed Additives for Preservation of Functional Ingredients
    • Specialty Feed Additives for Other Functionalities

- FAQs -

As of 2021, sales of specialty feed additives are estimated to reach US$ 10.8 Bn

From 2016 to 2020, the specialty feed additives market expanded at around 5% CAGR

The market for specialty feed additives is likely to bolster at a growth rate of 5.5% over the 2021-2031 forecast period

By 2031, specialty feed additives value will likely reach US$ 18.4 Bn, as per Fact.MR

Increased prevalence of zoonotic diseases and their transmission to humans is prompting increased incorporation of specialty feed additives

As per Fact.MR, the U.S is expected to be the fastest growing market, at a CAGR of 5%

Koninklijke DSM N.V., DuPont, BASF SE, Evonik Industries, Novozymes A/S, Nutreco N.V., etc. are some prominent manufacturers of specialty food additives profiled in Fact.MR’s report

China is likely to be the dominant market in Asia, capturing over 35% market share by 2031

Specialty feed acidifiers are likely to remain preferred, growing at a 6% CAGR

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