Consumer & Retail

According to a market report by Lucintel, the future of the feed additive market looks promising with opportunities in the poultry, ruminant, swine, and aquatic animal livestock segments. The global feed additive market is expected to reach an estimated $28.6 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing demand for animal based protein product and rising awareness towards animal health.



In this market, dry and liquid are the two forms of feed additives used by various end use industries. Lucintel forecast that dry will remain the larger growing segment over the forecast period because due to growing demand for dry additives among livestock producers as it convenient to mix with feed and also can be stored and handled easily.



Within this market, poultry is expected to remain the largest segment due to the increasing demand for poultry product along with growing concern among consumers regarding the use of antibiotics and other chemical in animal feed.



APAC will remain the largest region due to increase in the number of feed mills and feed output and presence of high cattle population in the region.

Cargill, DuPont, Evonik, Ajinomoto, and Novozymes are the major suppliers in the global feed additive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global feed additive market by product type, livestock, form, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Feed Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global feed additive market by product type, livestock, form, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the feed additive market by product type (antioxidants, amino acids, vitamins, antibiotics, probiotics, organic acids pigmenters, and mold inhibitors), Livestock (Poultry, Ruminants, Swine, and Aquatic Animals), form (Dry and Liquid), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?