Specialty Feed Additives Market
Specialty Feed Additives Market By Feedstock (Binders, Acidifiers, Minerals, Antioxidants, Flavors & Sweeteners, Vitamins), By Form (Dry, Liquid), By Functionality (Palatability Enhancement, Mycotoxin Management, Preservation of Functional Ingredients), & Region - Global Market Insights 2023 to 2033
Analysis of Specialty Feed Additives market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Specialty Feed Additives Market Outlook (2023-2033)
Worldwide demand for specialty feed additives is projected to increase at 5.2% CAGR From 2023 to 2033. Currently, the global specialty feed additives market enjoys a valuation of US$ 12.3 billion and is expected to reach US$ 20.5 billion by the end of 2033.
Growing consumption of meat and other animal-derived products across the world is a primary prospect that is anticipated to shape specialty feed additive demand in the future. Increasing focus on improving the environmental impact of cattle breeding and animal husbandry is also expected to provide growth scope for specialty feed additive manufacturers over the coming years. Increasing demand for poultry feed, swine feed, and aquaculture feed is also anticipated to promulgate specialty feed additive shipments across the forecast period.
Increasing prevalence of zoonotic diseases, advancements in the animal husbandry industry, growing awareness about the benefits associated with specialty feed additives use, rising focus on maintaining animal health, growing world population, and high incidence of animal disease outbreaks such as bird flu and swine flu are other factors that affect sales of specialty feed additives across the forecast period.
- As per a United Nations report, the global population could reach 9.7 billion by the end of 2050. This increase in population is expected to subsequently drive up the demand for various foods and also influence the sales of feed additives.
On the flip side, changing regulatory standards for the use of different feed ingredients and high costs of production of specialty feed additives are anticipated to have an inhibiting effect on the overall market development through 2033. For instance, many countries across the world have banned the use of antibiotic growth promoters in animal feed as their excessive use led to drug resistance in animals and resulted in incurable zoonotic diseases. This ban led to major changes and reforms in the food additive business and also hampered market development for a certain period.
Specialty Feed Additives Market Size (2023)
US$ 12.3 Billion
Projected Market Value (2033F)
US$ 20.5 Billion
Global Market Growth Rate (2023-2033)
Palatability Enhancement Segment Market Growth Rate (2023-2033)
China Market Share (2022)
United States Market Growth Rate (2023-2033)
Key Companies Profiled
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Why is Consumption of Specialty Feed Additives Increasing Steadily?
“Increasing Focus on Keeping Animals Healthy & Disease-Free Creating Attractive Business Scope”
The world has witnessed a notable increase in chronic diseases amongst humans that were transferred from animals or mutated into human strains. One of the prime examples of zoonosis mutating into a human-only strain can be seen in HIV (human immunodeficiency virus), which is currently incurable and the disease can only be managed through medication to prevent progression. The global pandemic of COVID-19 that began in 2020 is also widely debated to have a zoonotic origin.
High incidence of such outbreaks, increasing awareness about the importance of animal health, and rising recommendations of inclusion of specialty feed additives to mitigate the risks of zoonotic diseases that could also be of potential threat to human existence. All of the aforementioned factors are slated to positively influence the intake of specialty feed additives across the world through 2033.
How Could Environmental Concerns Create Remunerative Opportunities for Start-ups?
“New Companies Should Focus on Methane Reduction in Farm Animals”
Upcoming specialty feed additive manufacturers are focusing on sustainability trends to create novel products and bolster their market presence in the global landscape. New entrants are also expected to focus on raising new funds and capital to advance their research and improve business potential.
- In July 2022, Rumin8, an Australian climate technology organization announced that it had raised US$ 7 million from international and domestic climate impact funds. The company manufactures a methane-busting bioactive that is found in red seaweed (Asparagopsis) and creates a feed supplement that helps in the reduction of livestock methane production.
- In June 2022, Symbrosia, a start-up founded in 2018 with the sole focus of reducing livestock methane by using seaweed closed its Series A funding round led by Danone Manifesto Ventures at US$ 7 million. The capital was expected to be used to scale Symbrosia’s business across the world.
More new companies are expected to follow suit in the livestock methane reduction trend and focus on research and development of novel products that help solve this issue in the wake of increasing awareness about sustainability and emissions.
More insights about the current and forecasted scenario have been discussed in detail in this updated specialty feed additives research analysis by Fact.MR, a market research and competitive intelligence provider.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Which Country is the Leading Market in North America?
“United States to Account for Dominant Regional Market Share”
High meat consumption is expected to be a significant factor influencing demand for specialty feed additives in the U.S. over the coming years. Implementation of strict food safety mandates, high demand for processed meat products, and increasing awareness about health and fitness are other prospects that could positively impact specialty feed additive sales in the country throughout the forecast period.
Efforts taken by meat providers to incorporate more vitamins and minerals in their products are also expected to promote the adoption of specialty feed additives in the country over the next ten years. Shipments of specialty feed additives in the U.S. are projected to rise at 5% CAGR.
What Trends are Influencing Specialty Feed Additive Sales in Japan?
“Growing Consumption of Different Types of Meat Products”
The Japanese diet is witnessing some major changes owing to changing consumer preferences, rising disposable income, and increasing consumption of beef and poultry meats by the younger population. The presence of key chemical manufacturing companies in Japan is also expected to create lucrative opportunities for new as well as established specialty feed additive companies over the coming years.
Increasing globalization and the adoption of western lifestyle habits are also expected to alter market potential in Japan across the forecast period. The aforementioned factors are also expected to impact the market for specialty feed additives in Korea as well.
Should Specialty Feed Additive Suppliers Invest in European Countries?
“High Per Capita Consumption of Meat by Europeans”
European customers consume around twice the amount of meat per week than an average global citizen and this is expected to be a significant aspect propelling sales of specialty feed additives in European countries such as Germany, the United Kingdom, France, Spain, and Italy. Europe is also known for its robust cheese production and this is also a factor that is projected to augment market potential in this region throughout the forecast period.
However, increasing focus on sustainability and crackdown on the environmental impact of cattle rearing and animal husbandry are factors that are expected to reduce meat consumption trends in this region by more than 50% by the end of 2030. This factor is expected to prove to be a major challenge for specialty feed additive manufacturers in Europe.
Which Feedstock is Expected to Be Most Popular?
“Acidifiers to Witness High Demand Over the Decade”
Based on feedstock, the market for specialty feed additives is segmented into binders, acidifiers, minerals, antioxidants, flavors & sweeteners, vitamins, and other specialty feed additives.
Acidifiers have been known to be easily digested and metabolized by animals and they also have a low pH level. They also have a direct bactericidal action and this makes them crucial in maintaining animal health and also aid in food safety goals.
Rising awareness regarding the benefits associated with the consumption of animal feed containing acidifiers and growing demand for improved animal growth performance are also expected to boost demand for acidifiers. Sales of acidifiers are projected to rise at 6% CAGR over the next ten years.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Prime specialty feed additive manufacturers are taking up collaborative efforts to develop new products and expand their business scope across the world. These established market players are also increasing their market presence through new mergers, acquisitions, and partnerships.
- In June 2022, Cargill, a leading food conglomerate announced that it had signed an agreement to acquire a renowned name in the plant-based phytogenic additives business called Delacon. Through this acquisition, Cargill has strengthened its foothold in the additives and animal feed business.
Specialty feed additive suppliers are investing in R&D to fast-track the launch of novel products that will allow them to maximize their revenue generation capacity globally.
- In November 2022, ADM, a leading name in animal and human nutrition announced the launch of two new products in its in-feed sweetening solution range called SUCRAM for livestock. These new sweeteners are developed by ADM’s global feed additive business.
- In April 2022, Amlan International, the animal health division of Oil-Dri Corporation of America announced the launch of new feed additives to its existing product portfolio. The addition includes a natural alternative to anticoccidial drugs and for antibiotic-free poultry production, the company launched a natural pathogen.
Key Segments of Specialty Feed Additives Industry Research
By Feedstock :
- Flavors & Sweeteners
- Other Specialty Feed Additives
By Form :
By Functionality :
- Palatability Enhancement
- Mycotoxin Management
- Preservation of Functional Ingredients
- Other Functionalities
By Region :
- North America
- Latin America
- FAQs -
At present, the global specialty feed additives market accounts for a revenue of US$ 12.3 billion.
Sales of specialty feed additives are expected to reach a US$ 20.5 billion value by 2033-end.
From 2023 to 20333, shipments of specialty feed additives are predicted to rise at 5.2% CAGR
Growing meat consumption and high demand for animal-derived products are prime aspects driving market growth.
Demand for specialty feed additives in Asia Pacific accounted for the highest market share in 2022.
BASF SE, Nutreco N.V., Novus International, and Neovia Group are key manufacturers of specialty feed additives.