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The Feed Additives Market is projected to reach $51.2 billion by 2030, at a CAGR of 5.3% during the forecast period (2023–2030). The growth of this market is driven by the consistent growth in the compound feed sector, rising demand for meat and dairy products, and increasing disease outbreaks in livestock. In addition, factors such as the growing industrialization of the livestock sector and increasing utilization of feed additives in developing countries provide a significant opportunity for manufacturers in the global feed additives market. However, the ban on the use of antibiotics in animal feed hinders the growth of the feed additives market.
Here are the top 10 companies operating in Feed Additives Market
BASF SE is involved in the research & development, manufacturing, and marketing of various products for agriculture, automotive & transportation, chemicals, construction, energy & resources, paint & coatings, and pharmaceutical industries. The company operates through seven business segments—Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Chemicals, and Others. The company offers feed additives through its Nutrition & Care business. It also offers innovative feed additives for ruminants, poultry, aquaculture, dairy cows, swine, and companion animals.
With six verbund sites and 241 additional production sites in more than 90 countries, the company has a geographical presence in Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.
Koninklijke DSM N.V. (Netherlands)
Koninklijke DSM N.V. is a science-based company engaged in sourcing, manufacturing, and marketing nutritional products and functional materials. The company operates through four business segments: Nutrition, Materials, Innovation Center, Corporate Activities, and Other. These segments serve the global animal feed, food and beverages, pharmaceutical, infant nutrition, dietary supplements, personal care, medical devices, automotive, paints, electrical & electronics, life protection, alternative energy, and bio-based materials industries. The company offers feed additive products such as vitamins, carotenoids, enzymes, and eubiotics for aquaculture, poultry, ruminants, swine, and pets.
With production sites in Austria, Greanzach, Jiangshan, Maroussi, Sisseln, and Village-Neuf, the company has a geographic presence in North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Kemin Industries Inc. provides over 500 specialty ingredients for human and animal health and nutrition, pet food, aquaculture, nutraceutical, food technologies, crop technologies and textile industries. The company offers feed additives for poultry, swine, dairy, beef, equine, and aquaculture.
With operations in 90 countries, including manufacturing facilities in Belgium, Brazil, China, India, Italy, Russia, San Marino, Singapore, South Africa, and the U.S. and services in more than 120 countries, the company has a global presence across North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Evonic Industries AG (Germany)
Evonic Industries AG is engaged in manufacturing specialty chemicals. The company operates through six business segments: Smart Materials, Nutrition & Care, Specialty Additives, Performance Material, Technology & Infrastructure, and Other Activities. It offers specialty chemicals, principally for use in consumer goods, daily needs, animal nutrition, and healthcare products through the Nutrition & Care segment. Furthermore, the company’s Nutrition & Care segment is engaged in offering feed additives to species such as poultry, swine, ruminants, and aquaculture.
The company is active in more than 100 countries globally and has a presence across Europe, North America, Asia, Australia/Oceania, Africa, the Middle East, and Latin America.
International Flavors & Fragrances Inc. (U.S.)
International Flavors & Fragrances Inc. (IFF) manufactures and markets beverages, food, health and biosciences, scent and pharma solutions, and complementary products, such as cosmetics, active ingredients, and natural health ingredients. The company operates in four segments, namely, Nourish, Health & Biosciences, Scent, and Pharma Solutions. The company offers feed additives for poultry, swine, and ruminants through the Nourish segment.
With 16 operational sites, 6 R&D centers, and 9 application labs, the company has a geographical presence across North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Meticulous Research in its latest publication on Feed Additives Market has predicted the growth of 5.3% during the forecast year 2023-2030.
Biovet S.A. (Spain)
Biovet S.A. is engaged in manufacturing additives and premixes for animal nutrition. The company offers services such as product development, additive manufacturing, feed formulation service, training, and consulting, zootechnical services, analytical services, microbiological analysis, and mycotoxin analysis service. Furthermore, it offers feed additives for various species, including poultry, pigs, ruminants, and aquaculture.
The company has a geographical presence across Europe, North America, and Asia-Pacific.
Cargill, Incorporated is involved in the manufacturing and marketing of food, agriculture, and financial & industrial products & services worldwide. The company operates through five business segments: Food Ingredients & Bio-industrial, Animal Nutrition, Protein & Salt, Agriculture Supply Chain & Energy, and Transportation & Metals. The company offers feed additives products for swine, poultry, ruminants, and aquaculture through the Animal Nutrition segment.
With its subsidiaries and a strong distribution network in more than 125 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Archer-Daniels-Midland Company (U.S.)
ADM is involved in manufacturing, selling, and distributing food ingredients and flavors for foods and beverages, supplements, nutrition for pets and livestock and more. The company operates through four business segments: Agricultural Services & Oilseeds, Carbohydrate Solutions, Nutrition, and Other. ADM operates in the animal nutrition market through the Nutrition segment.
With around 480 crop procurement locations, more than 345 food & feed processing locations, and more than 50 innovation centers, the company has a presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Nutreco N.V. is involved in sourcing, manufacturing, and selling nutritional products and services for animal nutrition and fish feed. The company operates through two divisions, namely, Skretting and Trouw Nutrition. The Skretting division is engaged in manufacturing and supplying aquaculture feeds, and the Trouw Nutrition division is engaged in providing innovative feed specialties, premixes, and nutritional services for the animal nutrition industry.
The company has a geographic presence in North America, Latin America, Europe, Asia, and the Middle East & Africa. Its global brands, Skretting (fish feed) and Trouw Nutrition (animal nutrition), have sales in over 90 countries.
Bluestar Adisseo Co. (China)
Bluestar Adisseo Co. is engaged in developing and marketing animal nutrition products. The company operates through three business segments: Performance Products, Specialty Products, and Other Products. Furthermore, the company offers products to industries such as animal feed additives, methionine, and protective methionine. Bluestar Adisseo offers nutritional solutions and additives for various animal species, including poultry, swine, ruminants, and aquaculture. The company also provides innovative feed additives solutions to around 3,900 customers in over 110 countries globally.
With the 10 R&D centers and production sites in Europe, the U.S., Singapore, and China, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mentions: Alltech Inc. (U.S.), ADDCON GROUP GmbH (Germany), Royal Agrifirm Group (Netherlands), Land O’Lakes, Inc (U.S.), and Altilis Nutrition Animale (France).
Authoritative Research on the Feed Additives Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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