Poultry Feed Additives Market size is estimated to reach $12.4 billion by 2027, growing at a CAGR of 5.8% during the forecast period 2022-2027. Poultry feed additives are materials that are included in poultry feed to enhance its nutritional value, improve performance, or curb ailments. The most typical mold inhibitor is propionic acid in different commercial preparations inclusive of multi-blends of acids and additional constituents. The purpose of utilizing amino acid additives in poultry feed is to augment the dearth of equivalent amino acids in compound feed and perform a role in accomplishing the balance of amino acids. Micro-nutrients are vital nutrients that birds need in tiny quantities to carry out different important physiological actions in the body. The micro-nutrients are normally included in the feed as vitamin and mineral premixes, further to their levels in the organic feedstuffs.
Competitive Landscape:
The top 5 players in the Poultry Feed Additives industry are –
1. Novozymes
2. ASAlltech Inc
3. Elanco Animal Health
4. Evonik Industries
5. BASF SE
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Segmental Analysis:
1. Poultry Feed Additives Market based on type can be further segmented into Minerals, Amino Acids, Probiotics, Antibiotics, Antioxidants, Vitamins, Acidifiers, Prebiotics, Feed Enzymes, and Others. The Vitamins Segment held the largest market share in 2021. This growth is owing to the surging application of vitamin micro-nutrients for optimal poultry production.
2. Poultry Feed Additives Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. Asia-Pacific (Poultry Feed Additives Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the surging intake of poultry meat in the Asia-Pacific region.
3. Poultry Feed Additives Market based on the application can be further segmented into Turkeys, Ducks, Geese, and Chicken. The Chicken segment held the largest market share in 2021. This growth is owing to the surging inclination of consumers for broiler meat across the world.
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Report Coverage |
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Report Attributes |
Details |
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By Type |
Minerals, Amino Acids, Probiotics, Antibiotics, Antioxidants, Vitamins, Acidifiers, Prebiotics, Feed Enzymes
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By Application |
Turkeys, Ducks, Geese, Chicken
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By End User |
Patients, Government, Hospitals, Pharmacies, clinicians |
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Market Drivers and Challenges:
1. Surging Applications Of Mold Inhibitors Are Projected To Drive The Growth Of Poultry Feed Additives Market: Mold inhibitors for chicken feed should possess some solubility properties, which are effortless to include in the feed. Mintai Group chicken feed mold inhibitor does not utilize pure propionic acid alone, owing to the solubility of pure propionic acid being comparatively low, The impact of acid molecules is poor.
2. Proliferating Significance Of Micro-nutrients In Poultry Production Is Expected To Boost The Demand For Poultry Feed Additives: Micronutrients are vital nutrients that birds need in tiny amounts to carry out different essential physiological functions in the body. Although dietary needs are insignificant, they perform a principal role in the body’s metabolism, enzyme system, different physiological functions, reproduction, and development.
3. Disadvantages Of Poultry Feed Constituents Are Hampering The Growth Of The Poultry Feed Additives Market : Sorghum is a good source of energy in the poultry diet. It has near proportionate energy to maize with a crude protein of 10% and energy of 3300 KCAL/Kg. The principal limitation of sorghum is that dark sorghum includes tannin, which is an antinutritional determinant that lessens protein and carbohydrate digestibility.
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