Specialty Feed Additives Market

Global Specialty Feed Additives Market Size (2024 to 2032)

The global specialty feed additives market was valued at USD 10.07 billion in 2023 and is anticipated to reach USD 10.62 billion in 2024 from USD 13.88 billion by 2032, growing at a CAGR of 5.5% from 2024 to 2032.

Specialty feed additives are a vital market to society as they enhance the quality of meat and other animal products, thus adding nutrition to human life as well. The recent period has seen a significant rise in the importance paid to specialty feed additives for livestock. Specialty feed additives facilitate the provision of nutrition to farm animals, which cannot be gained through regular meals. They enhance the digestive system of the animals and are provided in the form of palatable food materials.

Market Drivers

The growth of the global specialty feed additives market is mainly driven by factors such as a rise in the consumption of meat and other animal products like dairy, leather, etc are favoring the growth of this market. The increasing spread of diseases amongst the livestock and innovation in the livestock rearing culture is another major factor driving the growth of the market. However, lack of awareness, high investment costs, and government regulations are preventing the growth of the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Specialty Feed Additives Market By Type of Feed

The Acidifiers segment leads the global market on the basis of the type of feed and is also projected to witness a higher growth rate during the forecast period.

Global Specialty Feed Additives Market By Livestock

Under this segment, feed additives for the poultry segment are leading the market currently.

Global Specialty Feed Additives Market By Form of Feed

The dry feed is further classified as Pellets and Powders. The liquid feed additives market is expected to have a higher CAGR among the feed additives based on the form of feed.

REGIONAL ANALYSIS

In 2016, Europe led the global specialty feed additives market. However, the Asia Pacific region is projected to grow the highest during the forecast period due to various factors such as the growing urban population, increase in spending, and the rise in population.

KEY MARKET PLAYERS

Novus International, BASF SE, Evonik Industries, Luca S.A, Chr. Hansen Holdings A/S, Biomin Holding GmbH, Invivo NSA, DSM, Akzo Nobel Surface Chemistry AB, Kemin Industries Inc, Biomin Holding GmbH, Nutreco N.V. These are market players that dominate the global specialty feed additives market.

DETAILED SEGMENTATION OF THE GLOBAL SPECIALITY FEED ADDITIVES MARKET INCLUDED IN THIS REPORT

This research report on the global specialty feed additives market is segmented and sub-segmented into the following categories.

By Type of feed

• Vitamins
• Antioxidants
• Flavors and Sweeteners
• Minerals
• Binders
• Acidifiers
• others

By Livestock

• Aquatic animals
• Poultry
• Swine
• Ruminants
• others

By Form of feed

• Liquid feed and Dry feed

By Function

• Palatability enhancement
• Mycotoxin Management

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa