The global feed additives market, valued at $45.38bn in 2024, is projected to grow to $59.82bn by 2029, according to a report by Markets and Markets
The sector is expected to expand at a compound annual growth rate of 5.7 per cent during the forecast period, driven by increasing demand for high-quality animal products and the pursuit of sustainable agriculture practices.
Feed additives, including vitamins, minerals, amino acids, enzymes, and probiotics, play a crucial role in improving animal health, productivity, and overall farming efficiency.
With a rising global appetite for meat, dairy, and other animal-based products, the demand for these nutritional supplements continues to grow. Key factors fueling this expansion include heightened awareness of animal health, consumer preferences for premium animal products, and innovations aimed at minimizing environmental impacts.
According to the report, natural feed additives, such as phytogenic, probiotics, enzymes, carotenoids, and vitamins, which are plant, herb, spice, fungi, bacteria, and essential oil-based, are gaining a lot of ground in the feed additives market.
This is because of the growing awareness and demand for organic and natural products among consumers.
Consumers are increasingly opting for meat and dairy products from animals raised with fewer synthetic additives, which has led feed producers to look for natural alternatives.
With increasing concern worldwide over the use of antibiotics in animal husbandry, the industry is tightening its regulations and bans on their use. These outcomes have forced manufacturers to seek less harmful, naturally favorable practices that support animal health without using antimicrobials.
The global feed additives market is on a growth trajectory, underpinned by technological advancements, evolving consumer preferences, and the push for sustainability in agriculture.
With innovations in product formulations and a rising demand for natural solutions, the market is expected to continue its robust performance through 2029.