The global novel feed additives market is poised for significant expansion, with sales projected to reach USD 5,584.2 million by the end of 2024, and surpass USD 10,581.2 million by 2034. This growth reflects a strong compound annual growth rate (CAGR) of 6.6% over the next decade, fueled by rising demand for animal products that are free from artificial additives and antibiotics.
As concerns about the environmental impact of farming and the quality of animal products grow, farmers and producers are increasingly turning to innovative feed additives. Companies like Evonik Industries and Alltech are at the forefront, developing additives that not only promote animal health and productivity but also help reduce methane emissions, aligning with global sustainability initiatives.
Key Growth Drivers
- Sustainability and Environmental Concerns: There is a rising demand for feed additives that contribute to reducing the environmental footprint of livestock farming. For example, Evonik and Alltech have introduced solutions that minimize methane emissions from cattle, while boosting nutrient absorption through natural additives.
- Health-Conscious Consumers: Consumers are increasingly concerned about the quality and safety of meat, milk, and eggs. This trend is pushing producers to adopt feed additives that improve the health of animals without the use of antibiotics. Notable companies such as Novus International are focusing on probiotics and prebiotics to improve gut health and immunity in livestock.
- Technological Innovations: The rapid advancement in biotechnology has led to the development of highly potent feed additives, such as microalgae and nanoparticles. These innovations are improving feed efficiency, promoting animal growth, and driving the demand for sophisticated feed solutions.
Competitive Landscape
The competition in the innovative feed additives market is highly intense, with companies employing various strategies to expand their market presence. One effective approach is to offer a diverse range of solution-oriented products, which enhances product differentiation.
To maintain their competitive edge, firms are also focusing on patented formulations and compounding techniques. Collaborations with research institutions and universities are common, enabling companies to stay relevant and innovate. For instance, Alltech partners with academic institutions to develop the next generation of feed solutions.
Geographic expansion is another key strategy, with companies venturing into new regions to attract more customers. Nutreco, for example, is expanding its operations in Asia and Africa while adapting its products to meet local needs. Additionally, manufacturers are increasingly targeting environmentally conscious consumers by producing sustainable products and practices.
ADM emphasizes sustainable sourcing and production, making its policies appealing to manufacturers looking to enhance their market share and sales in this competitive landscape.
For instance
- In 2023, MiAlgae introduced its omega-3 product NaturAlgae, which includes a high DHA and other oils containing dry powder suited for the aquafeed recipes promoting the well-known omega-3 health benefits. The company has developed its own technologically advanced production to lessen the load on naturally captured fish, the long-known source of omega-3.
- In 2024, DSM-firmenich’s product named Bovaer, a methane-reducing feed additive for beef cattle was granted approval for marketing in South Korea. This approval represents a major advancement in the goals of sustainable agriculture in South Korea.
Leading Brands
- Volac International Limited
- Chemlife Innovations Pvt Ltd
- All microalgae
- DSM
- Corbion
- Bioproton
- Land O’Lakes, Inc. (PMI Nutrition)
- Orffa
- Arshine Feed Additives Co., Ltd.
- Imerys
- Others
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Segments of the Report
By Ingredients:
As per Ingredients, the industry has been categorized into Microalgae based ingredients (De-oiled Microalgae meal, and Microalgae oil), Probiotics/ Direct Fed Microbial (DFM), Prebiotics (Yeast Cell Wall, and Clay minerals), Alkalizers and buffers, Antibiotic Growth Promoters, Phyto biotics, Acidifiers/ Organic Acids, Nanoparticles as Feed additive, Antifungal Additives and Mycotoxin Binders, Bio-minerals or Chelated trace minerals, and Others.
By Sources:
As per sources, the industry has been categorized into Natural, (Plants, Animals, Micro-organisms), and Synthetic.
By Form:
This segment is further categorized into Powder and Liquid.
By Species:
As per species, the industry has been categorized into Ruminant (Calves, Dairy, Cattle, Beef Cattle, and Others), Poultry (Boilers, Layers, Ducks, Turkey, and Others (Geese, pheasants)), Swine, Aquaculture, and Pet animal.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and Middle East & Africa.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube