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.
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 |
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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 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Ingredients, Source, Form, Species |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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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. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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