Market Overview:
The global specialty feed additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for meat and dairy products, rising awareness about animal health and nutrition, and growing concerns about food safety. The global specialty feed additives market is segmented by type into flavors & sweeteners, minerals, binders, vitamins, acidifiers, antioxidants, and others. The flavors & sweeteners segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for processed foods that contain added flavors and sweeteners. The global specialty feed additives market is also segmented by application into swine, ruminants poultry aquaculture animals other segments).
Product Definition:
A specialty feed additive is a substance that is added to animal feed in order to improve its nutritional value, or to help the animals digest it more easily. Specialty feed additives can include probiotics, enzymes, prebiotics, and antioxidants. They are often used to improve the health of livestock or poultry, and can help reduce the incidence of disease.
Flavors & Sweeteners:
Flavors and sweeteners are used in the feed industry to enhance the palatability of animal food. They help improve digestion, increase nutrient absorption and provide energy to animals. The demand for flavors and sweeteners is increasing globally owing to growing consumer preference towards high-quality meat products with natural ingredients.
Minerals:
Minerals are naturally occurring inorganic substances, which are necessary to build strong bones and teeth. These minerals also assist in the proper functioning of the immune system. Minerals can be obtained from natural sources such as water, milk, meat (liver), eggs, vegetables (such as calcium & iron), and cereals. However; some minerals cannot be produced by humans and must be supplied through diet or supplementation.
Application Insights:
The global specialty feed additives market has been classified into seven segments based on application as swine, ruminants, poultry, aquatic animals, others and mixed species. The swine segment held the largest share in 2017 owing to the high consumption of animal protein derived from grains and soybean meal. Moreover, increasing demand for pork products is expected to drive this segment over the forecast period.
Ruminants are expected to be one of the fastest-growing segments due to rising meat consumption in emerging countries such as China India Brazil and Mexico.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017 owing to high demand from meat processing industries. The region is expected to maintain its dominance during the forecast period due to increasing consumption of specialty feed additives in U.S and Canada for improving meat quality and decreasing food cost per serving, which is anticipated to drive industry growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 5.0% during the forecast period on account of rising livestock population, especially cattle and swine herds in China, India, Brazil, Argentina as well as other emerging economies such as Vietnam.
Growth Factors:
- Increasing demand for meat and dairy products due to rising population and changing dietary habits
- Growing awareness about the benefits of specialty feed additives among farmers and livestock owners
- Rising demand for organic food products, which necessitates the use of organic feed additives
- Technological advancements in the field of animal husbandry that help improve the efficiency of specialty feed additives
- Stringent regulations governing the use of synthetic chemicals in animal feed
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Feed Additives Market Research Report
By Type
Flavors & Sweeteners, Minerals, Binders, Vitamins, Acidifiers, Antioxidants, Others
By Application
Swine, Ruminants, Poultry, Aquatic Animals, Others
By Companies
BASF, Evonik Industries, Nutreco, Novozymes, Alltech, Invivo NSA, Chr Hansen Holding, Kemin Industries, Biomin Holding, Lucta
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Feed Additives Market Report Segments:
The global Specialty Feed Additives market is segmented on the basis of:
Types
Flavors & Sweeteners, Minerals, Binders, Vitamins, Acidifiers, Antioxidants, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Swine, Ruminants, Poultry, Aquatic Animals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Evonik Industries
- Nutreco
- Novozymes
- Alltech
- Invivo NSA
- Chr Hansen Holding
- Kemin Industries
- Biomin Holding
- Lucta
Highlights of The Specialty Feed Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flavors & Sweeteners
- Minerals
- Binders
- Vitamins
- Acidifiers
- Antioxidants
- Others
- By Application:
- Swine
- Ruminants
- Poultry
- Aquatic Animals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Specialty Feed Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Specialty feed additives are substances that are added to animal feeds in order to improve the nutritional quality of the food. These additives can be used to improve the digestibility of feed, increase milk production, or reduce disease risk.
Some of the major companies in the specialty feed additives market are BASF, Evonik Industries, Nutreco, Novozymes, Alltech, Invivo NSA, Chr Hansen Holding, Kemin Industries, Biomin Holding, Lucta.
The specialty feed additives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specialty Feed Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Specialty Feed Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Specialty Feed Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Specialty Feed Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Specialty Feed Additives Market Size & Forecast, 2018-2028
4.5.1 Specialty Feed Additives Market Size and Y-o-Y Growth
4.5.2 Specialty Feed Additives Market Absolute $ Opportunity
Chapter 5 Global Specialty Feed Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Specialty Feed Additives Market Size Forecast by Type
5.2.1 Flavors & Sweeteners
5.2.2 Minerals
5.2.3 Binders
5.2.4 Vitamins
5.2.5 Acidifiers
5.2.6 Antioxidants
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Specialty Feed Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Specialty Feed Additives Market Size Forecast by Applications
6.2.1 Swine
6.2.2 Ruminants
6.2.3 Poultry
6.2.4 Aquatic Animals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialty Feed Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Specialty Feed Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Specialty Feed Additives Analysis and Forecast
9.1 Introduction
9.2 North America Specialty Feed Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Specialty Feed Additives Market Size Forecast by Type
9.6.1 Flavors & Sweeteners
9.6.2 Minerals
9.6.3 Binders
9.6.4 Vitamins
9.6.5 Acidifiers
9.6.6 Antioxidants
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Specialty Feed Additives Market Size Forecast by Applications
9.10.1 Swine
9.10.2 Ruminants
9.10.3 Poultry
9.10.4 Aquatic Animals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Specialty Feed Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Specialty Feed Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Specialty Feed Additives Market Size Forecast by Type
10.6.1 Flavors & Sweeteners
10.6.2 Minerals
10.6.3 Binders
10.6.4 Vitamins
10.6.5 Acidifiers
10.6.6 Antioxidants
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Specialty Feed Additives Market Size Forecast by Applications
10.10.1 Swine
10.10.2 Ruminants
10.10.3 Poultry
10.10.4 Aquatic Animals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Specialty Feed Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Specialty Feed Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Specialty Feed Additives Market Size Forecast by Type
11.6.1 Flavors & Sweeteners
11.6.2 Minerals
11.6.3 Binders
11.6.4 Vitamins
11.6.5 Acidifiers
11.6.6 Antioxidants
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Specialty Feed Additives Market Size Forecast by Applications
11.10.1 Swine
11.10.2 Ruminants
11.10.3 Poultry
11.10.4 Aquatic Animals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Specialty Feed Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Specialty Feed Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Specialty Feed Additives Market Size Forecast by Type
12.6.1 Flavors & Sweeteners
12.6.2 Minerals
12.6.3 Binders
12.6.4 Vitamins
12.6.5 Acidifiers
12.6.6 Antioxidants
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Specialty Feed Additives Market Size Forecast by Applications
12.10.1 Swine
12.10.2 Ruminants
12.10.3 Poultry
12.10.4 Aquatic Animals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Specialty Feed Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Specialty Feed Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Specialty Feed Additives Market Size Forecast by Type
13.6.1 Flavors & Sweeteners
13.6.2 Minerals
13.6.3 Binders
13.6.4 Vitamins
13.6.5 Acidifiers
13.6.6 Antioxidants
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Specialty Feed Additives Market Size Forecast by Applications
13.10.1 Swine
13.10.2 Ruminants
13.10.3 Poultry
13.10.4 Aquatic Animals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Specialty Feed Additives Market: Competitive Dashboard
14.2 Global Specialty Feed Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Evonik Industries
14.3.3 Nutreco
14.3.4 Novozymes
14.3.5 Alltech
14.3.6 Invivo NSA
14.3.7 Chr Hansen Holding
14.3.8 Kemin Industries
14.3.9 Biomin Holding
14.3.10 Lucta
