Global Feed Preservatives Market Insights Forecasts to 2032

• The Global Feed Preservatives Market Size was valued at USD 4.7 Billion in 2022.
• The Market is growing at a CAGR of 6.5% from 2022 to 2032
• The Worldwide Feed Preservatives Market Size is expected to reach USD 8.9 Billion by 2032
• Europe is expected to grow the fastest during the forecast period

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The Global Feed Preservatives Market is projected to exceed USD 8.9 billion by 2032, growing at a CAGR of 6.5% from 2022 to 2032. Feed preservatives are used to improve the nutritional value of livestock and protect it from microbial contamination, extending the lifespan of the item. Increasing hygiene concerns about the security of food, as well as rising meat consumption worldwide, are driving up demand for feed preservatives.

 

Market Overview

The feed preservatives industry refers to the additives used to prevent spoilage and maintain the nutritional quality of animal feed. Feed preservatives aid in the improvement of livestock health and productivity, thereby improving the quality of meat and dairy products. The rising demand for livestock feed, as well as the increasing number of animals needed to meet the rising demand for animal-based goods such as milk, eggs, and meat, are projected to propel the worldwide feed preservative market during the forecast period. According to the International Feed Industry Federation (IFIF), the livestock feed sector has reached 1 billion metric tonnes of production and is expected to continue growing as the population grows.

 

The key players in the feed preservatives market include BASF SE, DuPont de Nemours, Inc., Kemin Industries, Inc., Cargill, Inc., Perstorp Group, Nutreco N.V., Adisseo France SAS, Novozymes A/S, Alltech, and Biomin Holding GmbH, among others. These players are adopting various growth strategies, such as mergers and acquisitions, collaborations, and new product launches, to strengthen their market position and expand their product portfolios.

 

For instance, in March 2023, Volac, a UK-based company, introduced an entirely novel feed additives division in order to assist the international feed industry in increasing efficiency and meeting the Net Zero challenge. Their top priority remains to provide technical advice, novel items, and added-value services that help the feed industry enhance livestock farming efficiency and sustainability.

 

Report Coverage

This research report categorizes the market for the global feed preservatives market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the feed preservatives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the feed preservatives market.

 

Driving Factors

The livestock industry has been influenced by the global surge in demand for livestock production. The market is being driven by factors such as increased meat consumption, increased demand for meat and dairy products, and increased demand for eggs. The growing demand for livestock in the consumption sector has increased the demand for feed preservatives significantly.

 

Feed acidifiers for poultry, swine, and aquaculture usage may be the most profitable during the period of prediction. Industrial development of the poultry field, the unpredictability of crop harvesting patterns, a rise in consumer demand for healthy and safe livestock products, and the invention of newer preservatives may drive the feed preservatives market during the study period.

 

Restraining Factors

It is difficult to achieve high margins in the animal nutrition industry. High-margin products have been sold at a lower volume in recent decades, reducing sales volume. Oversupply, over-promise, and under-delivery principles have reduced available margins and sales volume. Principles that fail to deliver have reduced available profit and, as a result, reduced demand for feed preservatives.

 

Market Segmentation

The Global Feed Preservatives Market share is classified into type, livestock, and feed type.

• The anticaking agents segment is anticipated to expand at the fastest CAGR in the feed preservatives market over the study period.

The global feed preservatives market is divided into four types: feed acidifiers, feed antioxidants, mould inhibitors, and anticaking agents. Among these, the anticaking agents segment is anticipated to expand at the fastest CAGR in the feed preservatives market over the study period. The reason for the increase is that anticaking agents absorb additional moisture or resist water and oil, maintaining the feed dry for an extended period of time. These are included in the feed to prevent lumps and make the product easier for transportation.

 

• The poultry segment is expected to account for the largest share of the global feed preservatives market throughout the period of projection. 

The global feed preservatives market is divided into four segments based on livestock: cattle, poultry, swine, and aquaculture. Among these, the poultry segment is estimated to hold the largest share of the global feed preservatives market during the forecast period. The increase can be attributed to the rising demand for eggs for appropriate vitamins and protein, which is projected to push up demand for poultry. Furthermore, increased awareness of proper nutrition and care would increase demand for feed preservatives in the poultry industry.

 

• The compound feed segment is expected to hold the largest share of the global feed preservatives market over the forecast period.

On the basis of the feed type, the global feed preservatives market is segmented into feed premix, compound feed, feed meal, and silage. Among these, the compound feed segment is expected to hold the largest share of the global feed preservatives market over the forecast period. The growth can be attributed due to the compound feed is widely used in animal husbandry and is the preferred choice of feed for most farmers. Compound feed is a mixture of various ingredients such as grains, cereals, and other additives that are used to provide a balanced diet to animals. Compound feed is used to meet the nutritional requirements of the animals and to improve their overall health.

 

 Regional Segment Analysis of the Feed Preservatives Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is estimated to hold the largest share of the feed preservatives market over the predicted timeframe.

 

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North America is estimated to hold the largest share of the global feed preservatives market over the predicted timeframe. North America holds the largest market for feed preservatives due to the increasing demand for meat products and the adoption of advanced technologies in animal husbandry. The United States is the major contributor to the North American market due to its large livestock population and the presence of major feed preservative manufacturers in the region.

 

Europe is expected to grow at the highest rate in the global feed preservatives market over the predicted timeframe. Europe is anticipated to grow at the fastest pace for feed preservatives due to the high consumption of meat and dairy products in the region. The demand for feed preservatives in Europe is driven by increasing concerns over the quality and safety of animal feed and the stringent regulations on the use of antibiotics in animal feed.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global feed preservatives along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• BASF SE
• Cargill, Inc 
• Alltech, Inc. 
• Perstorp Holding AB 
• DSM N.V. 
• Kemin Industries 
• Eastman Chemical Company 
• Bluestar Adisseo Nutrition Group Ltd. 
• Archer-Daniels-Midland Company 
• Jungbunzlauer Suisse AG 
• Niacet Corporation
• Pestell Minerals & Ingredients, Inc.
• Impextraco NV 
• Novus International, Inc. 
• Nutreco N.V. 
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In January 2022, BASF has increased the manufacturing capacity of its enzymes plant in Ludwigshafen, Germany. BASF has significantly increased the annual number of feasible fermentations runs by expanding the existing plant.

 

• In January 2023, Nutreco and BiomEdit have revealed a groundbreaking, for a long time strategic studies and commercial operations collaboration to provide innovative and truly novel feed additives developed through microbiome technology to livestock producers.

 

• In April 2023, CH4 Global has announced the release of Methane Tamer Beef Feedlot, the first of several new formulations in the Methane Tamer line, a natural feed supplement line that addresses the urgent problem of animal emissions from cattle and other ruminant livestock.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Feed Preservatives Market based on the below-mentioned segments:

 

Global Feed Preservatives Market, By Type

• Feed Acidifiers
• Feed Antioxidants
• Mold Inhibitors
• Anticaking Agents

 

Global Feed Preservatives Market, By Livestock

• Cattle
• Poultry
• Swine
• Aquaculture

 

Global Feed Preservatives Market, By Feed Type

• Feed Premix
• Compound Feed
• Feed Meal
• Silage

 

Global Feed Preservatives Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa