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Novel Feed Additives Market

Novel Feed Additives Market Size, Share & Trends Analysis Report By Ingredients (Microalgae-based ingredients, Probiotics/DFM, Prebiotics, Alkalizers and buffers, Antibiotic Growth Promoters, Phytobiotics, Acidifiers/Organic Acids, Nanoparticles as feed additives, Antifungal additives and Mycotoxin binders, Bio-minerals or Chelated trace minerals, Others), By Source, By Form, By Species, By Region, And By Segment Forecasts, 2024-2031

Report ID : 2875 | Published : 2024-11-07 | Pages: 170 | Format: PDF/EXCEL

The Novel Feed Additives Market Size is valued at USD 5.23 billion in 2023 and is predicted to reach USD 8.16 billion by the year 2031 at a 5.9% CAGR during the forecast period for 2024-2031.

novel feed additives

Innovative substances or mixtures added to animal feed with the goal of enhancing sustainability, production, and animal health are known as novel feed additives. These additions are intended to improve intestinal health, lessen environmental effects, or improve nutrient utilization. They are becoming more and more significant as substitutes for antibiotics, which are being phased out in many nations because of worries about antibiotic resistance. The industry is expanding due to remarkable consumer demand for animal products devoid of antibiotics and artificial ingredients. Additionally, customers' concerns regarding the safety and quality of milk, eggs, and meat are growing. Producers are being pressured by this trend to utilize feed additives that enhance animal health without using antibiotics. This will boost the novel feed additives market growth.

Furthermore, the novel feed additives market is seeing a change in favour of natural substitutes, with businesses like Kemin Industries and Cargill at the forefront of the supply of antioxidants and plant-based additives to satisfy consumer demand for animal products devoid of antibiotics. Antimicrobial resistance is one of the largest problems facing the cattle business. In order to solve this problem, businesses are creating probiotic formulations and non-antibiotic growth boosters that improve animal health and accelerate market expansion.

Competitive Landscape

Some Major Key Players In The Novel Feed Additives Market:

  • Volac International Limited
  • All microalgae
  • Chemlife Innovations Pvt Ltd
  • DSM
  • Corbion
  • Land O'Lakes, Inc. (PMI Nutrition)
  • Bioproton
  • Imerys
  • Orffa
  • Arshine Feed Additives Co., Ltd.
  • Other Market Players

Market Segmentation:

The novel feed additives market is segmented based on ingredients, source, assay type, indication, and end-user. As per the ingredients, the market is segmented 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. The source segment includes Natural (Plants, Animals, Micro-organisms) and Synthetic. By form, the market is segmented into Powder and Liquid. By species, the market is segmented into Ruminant (Calves, Dairy, Cattle, Beef Cattle, and Others), Poultry (Boilers, Layers, Ducks, Turkey, and Others (Geese, pheasants)), Swine, Aquaculture, and Pet animals.

Based On The Source, The Natural Segment Accounts For A Major Contributor To The Novel Feed Additives Market.

The natural category is expected to hold a major global market share in 2023. Farmers are turning to natural feed additives because customers are attracted to organic and antibiotic-free animal products. The primary sources of these feed products include microbes, plants, and even animals. Companies like Kemin Industries are using cutting-edge technology to create natural performance boosters like essential oils and antioxidants. These goods are also in great demand since they fulfil customer preferences and the guidelines for producing organic food. The acceptance of natural alternative additives is also influenced by growing environmental concerns about the effects of animal agriculture.

Poultry Segment To Witness Growth At A Rapid Rate

Producers must improve the animals' health and feed conversion efficiency in order to meet the growing demand for chicken products. The industry is increasingly using probiotics, prebiotics, and other such additions to help enhance the digestive health of chickens, which in turn helps increase growth and lower mortality rates. In addition to probiotics, the makers concentrate on creating compounds that aid in boosting the production and calibre of eggs. For instance, the reproductive activities of hens depend on calcium regulators. Businesses are embracing innovative approaches to boost the expansion of chicken producers by enhancing nutritional absorption via meal additives-containing enzymes.

In The Region, The North American Novel Feed Additives Market Holds A Significant Revenue Share.

The North American novel feed additives market is expected to record the significant market share in revenue in the near future. One key driver of growth in this area is the increasing emphasis on antibiotic-free animal husbandry. Companies like Elance and Zoetis have developed innovative feed components that support livestock health and growth without requiring the use of antibiotics due to limitations combined with consumer preference for meat free of antibiotics. In addition, Asia Pacific is projected to grow rapidly in the global novel feed additives market. The government's emphasis on environmentally friendly and productive livestock production is a major component in the industry's healthy expansion in this region. Innovative feed additives are becoming possible thanks to rules that increase feed efficiency and reduce the usage of antibiotics.

Recent Developments:

  • In April 2023, NaturAlgae, a new omega-3 product from MiAlgae, contains dry powder that is suitable for aquafeed recipes. It highlights the well-known health advantages of omega-3 fatty acids and contains a high DHA content. The business has created its own cutting-edge production process to reduce the need for naturally caught fish, which is a well-known source of omega-3 fatty acids.

Novel Feed Additives Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 5.23 Bn

Revenue Forecast In 2031

USD 8.16 Bn

Growth Rate CAGR

CAGR of 5.9% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Ingredients, Source, Form, Species

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea

Competitive Landscape

Volac International Limited, All microalgae, Chemlife Innovations Pvt Ltd, DSM, Corbion, Land O'Lakes, Inc. (PMI Nutrition), Bioproton, Imerys, Orffa, Arshine Feed Additives Co., Ltd., and Others.

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1.       Methodology and Scope

1.1.      Research Methodology

1.2.      Research Scope & Assumptions

Chapter 2.       Executive Summary

Chapter 3.       Global Novel Feed Additives Market Snapshot

Chapter 4.       Global Novel Feed Additives Market Variables, Trends & Scope

4.1.      Market Segmentation & Scope

4.2.      Drivers

4.3.      Challenges

4.4.      Trends

4.5.      Investment and Funding Analysis

4.6.      Porter's Five Forces Analysis

4.7.      Incremental Opportunity Analysis (US$ MN), 2024-2031

4.8.      Global Novel Feed Additives Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031

4.9.      Competitive Landscape & Market Share Analysis, By Key Player (2023)

4.10.    Use/impact of AI on Novel Feed Additives Industry Trends

Chapter 5.       Novel Feed Additives Market Segmentation 1: By Ingredients, Estimates & Trend Analysis

5.1.      Market Share by Ingredients, 2023 & 2031

5.2.      Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Ingredients:

5.2.1.   Microalgae based ingredients

5.2.1.1.            De-oiled Microalgae meal

5.2.1.2.            Microalgae oil

5.2.2.   Probiotics/ Direct Fed Microbial (DFM)

5.2.2.   Prebiotics

5.2.2.1.         Yeast Cell Wall

5.2.2.2.         Clay minerals

5.2.3.   Alkalizers and buffers

5.2.4.   Antibiotic Growth Promoters

5.2.5.   Phyto biotics

5.2.6.   Acidifiers/ Organic Acids

5.2.7.   Nanoparticles as Feed additive

5.2.8.   Antifungal Additives and Mycotoxin Binders

5.2.9.   Bio-minerals or Chelated trace minerals

5.2.10. Others

Chapter 6.       Novel Feed Additives Market Segmentation 2: By Sources, Estimates & Trend Analysis

6.1.      Market Share by Sources, 2023 & 2031

6.2.      Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Sourcess:

6.2.1.   Natural

6.2.1.1.            Plants

6.2.1.2.            Animals

6.2.1.3.            Micro-organisms

6.2.2.   Synthetic

Chapter 7.       Novel Feed Additives Market Segmentation 3: By Form, Estimates & Trend Analysis

7.1.      Market Share by Form, 2023 & 2031

7.2.      Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Forms:

7.2.1.   Powder

7.2.2.   Liquid

Chapter 8.       Novel Feed Additives Market Segmentation 4: By Species, Estimates & Trend Analysis

8.1.      Market Share by Species, 2023 & 2031

8.2.      Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Speciess:

8.2.1.   Ruminant

8.2.1.1.            Calves

8.2.1.2.            Dairy Cattle

8.2.1.3.            Beef Cattle

8.2.1.4.            Others

8.2.2.   Poultry

8.2.2.1.            Boilers

8.2.2.2.            Layers

8.2.2.3.            Ducks

8.2.2.4.            Turkey

8.2.2.5.            Others

8.2.3.   Swine

8.2.4.   Aquaculture

8.2.5.   Pet animal

Chapter 9.       Novel Feed Additives Market Segmentation 5: Regional Estimates & Trend Analysis

9.1.      Global Novel Feed Additives Market, Regional Snapshot 2023 & 2031

9.2.      North America

9.2.1.   North America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

9.2.1.1.            US

9.2.1.2.            Canada

9.2.2.   North America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031

9.2.3.   North America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Sources, 2024-2031

9.2.4.   North America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

9.2.5.   North America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031

9.3.      Europe

9.3.1.   Europe Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

9.3.1.1.            Germany

9.3.1.2.            U.K.

9.3.1.3.            France

9.3.1.4.            Italy

9.3.1.5.            Spain

9.3.1.6.            Rest of Europe

9.3.2.   Europe Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031

9.3.3.   Europe Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Sources, 2024-2031

9.3.4.   Europe Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

9.3.5.   Europe Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031

9.4.      Asia Pacific

9.4.1.   Asia Pacific Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

9.4.1.1.            India

9.4.1.2.            China

9.4.1.3.            Japan

9.4.1.4.            Australia

9.4.1.5.            South Korea

9.4.1.6.            Hong Kong

9.4.1.7.            Southeast Asia

9.4.1.8.            Rest of Asia Pacific

9.4.2.   Asia Pacific Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031

9.4.3.   Asia Pacific Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Sources, 2024-2031

9.4.4.   Asia Pacific Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts By Form, 2024-2031

9.4.5.   Asia Pacific Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031

9.5.      Latin America

9.5.1.   Latin America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031

9.5.1.1.            Brazil

9.5.1.2.            Mexico

9.5.1.3.            Rest of Latin America

9.5.2.   Latin America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031

9.5.3.   Latin America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Sources, 2024-2031

9.5.4.   Latin America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

9.5.5.   Latin America Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031

9.6.      Middle East & Africa

9.6.1.   Middle East & Africa Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

9.6.1.1.            GCC Countries

9.6.1.2.            Israel

9.6.1.3.            South Africa

9.6.1.4.            Rest of Middle East and Africa

9.6.2.   Middle East & Africa Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031

9.6.3.   Middle East & Africa Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Sources, 2024-2031

9.6.4.   Middle East & Africa Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031

9.6.5.   Middle East & Africa Novel Feed Additives Market Revenue (US$ Million) Estimates and Forecasts by Species, 2024-2031

Chapter 10.     Competitive Landscape

10.1.    Major Mergers and Acquisitions/Strategic Alliances

10.2.    Company Profiles

 

10.2.1. Volac International Limited

10.2.1.1.          Business Overview

10.2.1.2.          Key Product/Service Offerings

10.2.1.3.          Financial PerIngredientsance

10.2.1.4.          Geographical Presence

10.2.1.5.          Recent Developments with Business Strategy

10.2.2. All microalgae

10.2.3. Chemlife Innovations Pvt Ltd

10.2.4. DSM

10.2.5. Corbion

10.2.6. Land O'Lakes, Inc. (PMI Nutrition)

10.2.7. Bioproton

10.2.8. Imerys

10.2.9. Orffa

10.2.10.           Arshine Feed Additives Co., Ltd.

10.2.11.           Other Market Players

Segmentation of Novel Feed Additives Market-

Novel Feed Additives Market By Ingredients-

  • Microalgae based ingredients
    • De-oiled Microalgae meal
    • Microalgae oil
  • Probiotics/ Direct Fed Microbial (DFM)
  • Prebiotics
    • Yeast Cell Wall
    • 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
  • Others

novel feed additives

Novel Feed Additives Market By Source-

  • Natural
    • Plants
    • Animals
    • Micro-organisms
  • Synthetic

Novel Feed Additives Market By Form-

  • Powder
  • Liquid

Novel Feed Additives Market By Species-

  • Ruminant
    • Calves
    • Dairy
    • Cattle
    • Beef Cattle
    • Others
  • Poultry
    • Boilers
    • Layers
    • Ducks
    • Turkey
    • Others (Geese, pheasants))
  • Swine
  • Aquaculture
  • Pet animal

Novel Feed Additives Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

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Frequently Asked Questions

How big is the Novel Feed Additives Market Size?

The Novel Feed Additives Market is expected to grow at a 5.9% CAGR during the forecast period for 2024-2031.

Volac International Limited, All microalgae, Chemlife Innovations Pvt Ltd, DSM, Corbion, Land O'Lakes, Inc. (PMI Nutrition), Bioproton, Imerys, Orffa,

Ingredients, Source, Form, and Species are the key segments of the Novel Feed Additives Market.

North American region is leading the Novel Feed Additives Market.

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