Feed Preservatives Market Analysis

Feed Preservatives Market Overview 

The feed preservatives market size is projected to register a CAGR of 8.1% from 2022-2030. Preservatives play a major part in keeping food from deteriorating. The feed preservatives market size is expected to reach approximately USD 13.8 billion by 2030. To stop animal fats and oils from oxidizing, preservatives or antioxidants are required in food items, particularly animal food products. These goods, such as kibble or dry pet food, cannot be produced without them. Feed preservatives are employed in animal food items to prevent food deterioration and extend shelf life. Animal-derived products such as meat, milk, eggs, and other things are improved in quality by adding nutritional supplements referred to as "feed additives." Animals are certain of their utmost health and immunity due to vitamins, minerals, amino acids, and other essential nutrients found in feed additives. All these factors are anticipated to drive market growth

COVID-19 Impact Analysis

Feed preservatives are essential in creating nutrient-rich feed since feed is crucial to the growth of various livestock animals. This nutrient-based feed benefits animals by assisting with brand equity, reproduction, and lactation. The raw material supply chain has influenced  consumption and production patterns due to the pandemic and lockdown. Since conventional feed does not provide enough nutrition for animals, feed preservatives are added to their daily meals, containing vitamins, fatty acids, amino acids, and trace minerals. The COVID-19 outbreak, which started in December 2019, affected more than 100 nations around the globe and had a big impact on the market in 2020.

Feed Preservatives Market Dynamics

The market is expected to be driven by incidents of animal feed deterioration brought on by bacterial and fungal contamination. Additionally, the detrimental effects of the feed produced without including feed preservatives have increased the need for preservatives. Moreover, the demand for food preservatives has increased dramatically due to rising egg and cattle feed industry demands. Antimicrobial components stimulate growth and control infections; however, the European Union has outlawed these components because they risk food safety and public health. As a result, producers of feed preservatives are embracing new kinds of natural feed preservatives, which may create new opportunities and spur feed preservative demand.

Feed Preservatives Market Drivers

• Growing applications of livestock in the food industry to fuel its production

The increased animal production demand has impacted the livestock sector. Reasons including soaring meat consumption, growth in the need for meat and dairy products, and rising egg demand are driving the market. The demand for feed preservatives has greatly expanded due to the growing demand for livestock in the food business.

Market Restraints:

• Low-profit margins

Achieving large margins is challenging in the animal nutrition sector. The sales volume has decreased during the last few decades due to the lower volume at which high-margin products are sold. The available margins have been reduced, and sales have decreased due to oversupply, overpromising, and under delivering principles. Principles that fall short of expectations have reduced the profit margin and, in turn, reduced demand for feed preservatives.

Market Opportunities:

• The rise in demand for natural preservatives

Feed preservatives are used to extend the shelf life and increase the effectiveness of the feed. The widespread use of antibiotics has brought on antibiotic-resistant bacteria and their residue in animal products. However, they can no longer be utilized to preserve the feeds. According to the European Union, antibiotics cannot enhance growth. Natural feed preservatives now have a chance to expand due to the restriction on antibiotics.

Feed Preservatives Market Segmentation

Type Insights

The feed preservatives market segmentation, based on type, is feed acidifiers, mold inhibitors, feed antioxiders, and anticaking agents. The feed preservatives market growth was prominently high under the anticaking agents’ category in 2021. Anticaking agents maintain the feed dry for a long time by absorbing extra moisture or repelling water and oil. They are added to the feed to prevent lumps and make product transportation easier.

Livestock Insights

The feed preservatives market segmentation, based on livestock, is cattle, poultry, swine, aquaculture, and other livestock. In 2021, the poultry segment accounted for the largest market share of the market. It is expected that there will be a rise in demand for poultry due to the rising demand for eggs for adequate protein and vitamins. Additionally, the need for feed preservatives in the chicken industry would increase as awareness of optimal nutrition and care increased.  

Feed Type Insights

Based on feed type, the feed preservatives market is divided into compound feed, feed premix, feed meal, silage, and other feed types. The compound feed category dominated the market for contact lenses in 2021. Compound feed is produced based on animals’ different growth stages, physiological requirements, and production uses.

Global Feed Preservatives Market Share, by Region, 2021 (%)

Global Feed Preservatives Market Overview, by Region

By region, the market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Asia-Pacific will exhibit the highest CAGR during the forecast period.

North America

North America dominated the market share in 2021. The region's easy access to raw materials like dextrose and maize is expected to increase the manufacturing of feed preservatives. For instance, the US is one of the top producers of maize. About 96000000 acres of land have been set aside in the US for maize farming, and 13% of the crop's annual yield is exported. Furthermore, leading regional market players like Cargill Incorporated, Dupont Nutrition & Health, and others are anticipated to spur market expansion.

Asia-Pacific

Asia-Pacific accounted for the highest growth rate in the market in 2021. The market for feed preservatives in Asia-Pacific is anticipated to increase due to the region's expanding growth of the cattle and poultry industries as well-organized sectors, particularly in India and China. Additionally, it is anticipated that the region will use feed preservatives more frequently due to the favorable view of disease-free bovine meat. China is one of the globe’s major meat producers, which is anticipated to continue to be advantageous for market expansion.

Feed Preservatives Market Competitive Landscape

Details about each competitor are included in the market competitive landscape. The company's financials, revenue generated, market potential, investment in R&D, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. To evaluate broilers' health and weight performance, Cargill put together a portfolio of AI-driven breakthroughs in January 2022, including Birdoo and Galleon Microbiome Analysis. The business is creating these technologies through in-house research and development and strategic alliances to give customers useful insights for operational optimization. In February 2022, BASF SE increased the size of its feed enzymes manufacturing facility in Ludwigshafen, Germany. This development will aid in boosting manufacturing capacity and addressing the escalating client demand.

Prominent players in the feed preservatives market research include Kemin Industries, Inc., Nutreco N.V, Impextraco NV, Biomin Holding GmbH, Merck Animal Health, Alltech, Inc., BASF Animal Nutrition, Cargill, Inc., E.I. Dupont De Nemours and Company, Novus International, Inc., Perstorp Holding AB, and Dupont Nutrition & Health, among others.

Scope of the Feed Preservatives Market Report

Type Outlook

• Feed Acidifiers


• Mold Inhibitors


• Feed Antioxiders


• Anticaking Agents

Livestock Outlook

• Cattle


• Poultry


• Swine


• Aquaculture


• Other Livestock

Feed Type Outlook

• Compound Feed


• Feed Premix


• Feed Meal


• Silage


• Other Feed Types

Region Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Australia and New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • South America
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

Feed Preservatives Market Forecast & Size:

To identify and estimate the market size for the feed preservatives market report segmented by type, livestock and feed type by value (in US dollars). Also, to understand the consumption/ demand created by consumers of feed preservatives market forecast between 2021 and 2027

Market Landscape and Trends:

To identify the feed preservatives market growth and infer the drivers, restraints, opportunities, and challenges.

Market Influencing Factors:

To find out the factors which are affecting the feed preservatives market size

Impact of COVID-19:

To identify and understand the various factors involved in the market affected by the pandemic

Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

• Feed preservatives manufacturers and distributors


• Marketing directors


• Research officers and quality control officers


• Government and Non-government research institutes and institutional laboratories


• Animal husbandry companies and large-scale ranches and poultries


• Key executives from various key companies and organizations in the feed preservatives market