Animal Feed Additives Market to Surpass Valuation of USD 58.82 Billion by 2031 | SkyQuest Technology

Animal Feed Additives Market size was valued at USD 43.81 Billion in 2023 to USD 58.82 Billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

Westford, USA, Nov. 27, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global animal feed additives market size will reach a value of USD 58.82 Billion by 2031, with a CAGR of 4.3% during the forecast period (2024-2031). This is mostly due to increased production of animal feed as a result of global meat consumption, which is predicted to increase product consumption. So, there are still some good expansion prospects in the future with the onsite increase in the requirements for sustainable feed additives. The world's meat consumption has been increasing as population continues to increase and wealth grows-it also changes eating patterns particularly in low- and middle-income countries. 

Browse in-depth TOC on the "Animal Feed Additives Market" 

Pages – 163

Tables – 95 

Figures – 76 

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Animal Feed Additives Market Overview: 

Report Coverage	Details
Market Revenue in 2023	USD 43.81 Billion
Estimated Value by 2031	USD 58.82 Billion
Growth Rate	Poised to grow at a CAGR of 4.3%
Forecast Period	2024–2031
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Source, Form, Livestock, and Region
Geographies Covered	North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights	More focus on eco-friendly and sustainable practices
Key Market Opportunities	Rising focus on animal welfare
Key Market Drivers	Increased meat intake

Synthetic Source to Hold Significant Growth due to Cost-Effectiveness & Consistent Quality 

The dominance of synthetic sources in the global animal feed additives market is driven by their cost-effectiveness, consistent quality, and scalability. These features serve a purpose of mass production to cater to the increasing demand for livestock nutrition. Synthetic additives supply specific nutritional compositions to ensure the highest state of animal health and productivity. This results in their commercial acceptance of natural alternatives and synthetic sources that provide a reliable solution, aligning with current the global animal feed additives market trends. 

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Liquid Form to Lead Market due to Ensuring Uniform Nutrient Distribution 

Liquid form dominates the global animal feed additives market due to its ease of mixing in feed and water, ensuring uniform nutrient distribution. This is how application happens through less labor for costing equipment. Further, liquid additives show better absorption rates in animals, translating into improved feed efficiency and sustaining its favoring trends in the global animal feed additives market forecast compared to dry forms. 

Asia Pacific to Dominate Market due to Rising Meat Consumption and Population Growth 

Asia Pacific dominates the global animal feed additives market due to its expanding livestock industry, driven by rising meat consumption and population growth. Fast burgeoning cityscapes and more rising disposable incomes fuel high demand for premium animal protein consumption. Apart from these, the increase in livestock productivity and health is among other government initiatives, motivating further usage of additives, with a positive global animal feed additives market forecast. 

Animal Feed Additives Market Insight 

Drivers: 

1. Rising Demand for Animal Protein 
2. Focus on Livestock Health and Productivity 
3. Expanding Livestock Industry 
   

Restraints: 

1. Premium Prices for Specialized Additives 
2. Complex Regulatory Frameworks 
3. Presence of Numerous Small-Scale Producers
   

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Prominent Players in Animal Feed Additives Market 

• BASF SE
• Cargill, Inc.
• Archer Daniels Midland Company
• Evonik Industries AG
• Nutreco N.V.
• Addcon Group
• Aliphos Belgium S.A.
• Kemin Industries Inc.
• DSM-Firmenich N.V.
• Phibro Animal Health Corporation.
• ADM
• DSM-Firmenich
• Elanco
• Alltech, Inc.
• BIOMIN Holding Gmbh 
  

Key Questions Answered in Global Animal Feed Additives Market Report 

• What is the projected market size and growth rate (CAGR) of the global animal feed additives industry by 2031? 
• Why does the Asia Pacific region dominate the market? 
• What advantages make synthetic and liquid forms of animal feed additives significant in the market? 
  

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This report provides the following insights: 

Analysis of key drivers (Consumer preference for organic meat, rise in compound feed production, policies promoting sustainable animal farming), restraints (Limited adoption in developing regions, geopolitical tensions & natural disasters) opportunities (Shift toward sustainable farming, growing demand for enzymes) influencing the growth of animal feed additives market. 

• Market Penetration: Comprehensive information on the product portfolios offered by the top players in the animal feed additives market. 
• Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the animal feed additives market. 
• Market Development: Comprehensive information on lucrative emerging regions 
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market 
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players. 
  

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