Feed Supplements Market Share

Global Feed Supplements Market Overview

Feed Supplements Market Size was valued at USD 33.5 Billion in 2022. The Feed Supplements market industry is projected to grow from USD 35.28 Billion in 2024 to USD 53.32 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period (2024- 2032). Increased health awareness, a rise in meat and animal product intake, and raising awareness are the key market drivers enhancing market growth.

 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Feed Supplements Market Trends

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  Growing demand and consumption of animal-based goods are driving the market growth

  
  

Market CAGR for feed supplements is driven by the increasing use of feed additives to help farm animals grow and develop and is likely to increase as the demand and consumption of livestock-based goods like dairy and dairy-based products, meat, and eggs rise. Due to its high demand, low production costs, and low prices in developed and emerging countries, poultry meat is the main thing driving the growth of the overall meat industry. Also, because more people are learning about how food nutrients, especially protein, affect general physical growth and development, there is a growing trend toward getting protein from meat, eggs, or milk. It is why feed chemicals are used to make feed more nutritious.

Additionally, growing knowledge of the significance of feed additives and growing demand for commercial farming of meat and dairy products are expected to be key factors driving the feed vitamins market. Researchers and scientists have been able to create novel feed supplements that are more adaptable for animals because of advances in molecular biology and gene sequencing. Even though there is little question that feeding additives help animals develop and maintain healthy digestive systems, consumers face challenges with some adverse effects on animal development. The feed supplements market has improved prospects for growth due to recent technological advances.

For instance, ADM announced that they had signed a Strategic Development Agreement to work together on research and development to advance new and novel proteins for nutrition. As a result, it is anticipated that demand for feed supplements will increase throughout the projection period due to the rising demand for feed supplements. Thus, the driving factor is feed supplements market revenue. Thus, the driving factor is feed supplements market revenue.

Feed Supplements Market Segment Insights

Feed Supplements Type Insights

The Feed Supplements market segmentation, based on type, includes protein, vitamins, amino acids, fatty acids, minerals, and others. In 2022, the vitamins segment led the feed supplements market in revenue because it is an important part of chicken bird feed used to make more eggs fertile. Due to their value for growth and productivity, poultry birds ate the most feed vitamins.

Feed Supplements Form Insights

The Feed Supplements market segmentation, based on the form, includes dry, liquid, and others. The dry category is expected to develop at a CAGR of 5.30% over the projected period, making up the largest market share because it is easy to mix with feed, store, and handle. It's also available in pellet and mash form, which gives customers more mixing choices. It should help the growth of this market segment.

Figure 1: Feed Supplements Market by Form, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Feed Supplements Livestock Insights

The Feed Supplements market segmentation, based on livestock, includes ruminants, poultry, swine, aquaculture, and others. The Company has the largest poultry market share, expected to grow fastest at a CAGR of 5.30% over the next several years. More people want chicken feed additives because they are worried about animal health and want a certain color of yolk and meat.

Feed Supplements Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American feed supplements market will dominate because people are becoming more concerned about their health, and the amount of meat each person eats in the country is increasing, which help the business grow even more. During the forecast period, abundant raw materials like maize and dextrose will likely drive the market.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: FEED SUPPLEMENTS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s feed supplements market accounts for the second-largest market share because of its growing population, use of foreign technology, and increased consumer ability to buy in Europe. Further, the German feed supplements market held the largest market share, and the UK feed supplements market was the fastest-growing market in the European region.

The Asia-Pacific feed supplements market is expected to grow at the fastest CAGR from 2023 to 2032 because increasing demand for meat and dairy products has led to a higher penetration rate, more feed output, and a rise in additives in commercial animal farming. Moreover, China’s feed supplements market held the largest market share, and the Indian feed supplements market was the fastest-growing market in the Asia-Pacific region.

Feed Supplements Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the feed supplements market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the feed supplements industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the feed supplements industry to benefit clients and increase the market sector. In recent years, the feed supplements industry has offered some of the most significant technological advancements. Major players in the feed supplements market, including BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), Land O’Lakes Inc. (U.S.), Grain Corp Ltd. (Australia), LEO BIO-CARE PVT. LTD (India), Dallas Keith Ltd (U.K.), and others are attempting to increase market demand by investing in research and development operations.

ADM is a pioneer in human and animal nutrition and is one of the biggest nutrition firms in the world. For people worldwide, we unlock nature's power and transform crops into ingredients and solutions for foods, beverages, and supplements. We also offer various products and services for livestock, aquaculture, and pets. ADM aims to unleash nature's potential and improve quality of life. We are the world's leading agricultural origination and processing firm and a leader in human and animal nutrition. ADM connects crops to markets on six continents from its headquarters in Chicago, Illinois. 2020's net sales were $64 billion. In May 2023, ADM announced the creation of a new Customer Creation and Innovation Centre (CCIC) in Manchester, England, to expand its already significant presence in the UK and serve as a focus for food innovation in the country. ADM is extending its culinary expertise and food solutions into new savory culinary creations for the UK and providing ongoing assistance for the beverage, sweet products, and dairy sectors, with a state-of-the-art kitchen, chef's presentation theatre, and flavor creation lab.

Cargill manages the food chain function to your benefit. We link producers with consumers, buyers with ingredients, and families with everyday necessities—from the food they eat to the floors they walk on. Innovating with a purpose, our 160,000 team members around the globe empower our partners and communities as we work to feed the world safely, responsibly, and sustainably. The endless possibilities range from waste-based renewable energy to provide that minimizes methane emissions. But we still have the same values. People come foremost to us. We extend further. We behave morally. The needs of the people we call neighbors and the needs of the planet we call home have been fulfilled in this way for 157 years, and it is how we will continue to do so for future generations. In April 2023, Cargill and Kotug, the first electric pusher tug and barge with zero emissions, will be unveiled. Cargill and Kotug International are using the E-PusherTM and E-Barges, the world's first fully electric pusher boat and barges, to transport cocoa beans from the Port of Amsterdam, the largest cocoa import port in the world, to Cargill's cocoa factory in Zaandam, the Netherlands.

Key Companies in the Feed Supplements market include.

• BASF SE (Germany)


• Archer Daniels Midland Company (U.S.)


• Cargill Incorporated (U.S.)


• Land O’Lakes Inc. (U.S.)


• Grain Corp Ltd. (Australia)


• LEO BIO-CARE PVT. LTD (India)


• Dallas Keith Ltd (U.K.)

Feed Supplements Industry Developments

Herbalife, a leading health and wellness company and community, today announced the launch of the Herbalife® GLP-1 Nutrition Companion, a new line of food and supplement product combinations powered by the #1 Protein Shake in the World* and designed to meet the nutritional needs of people taking GLP-1 and other weight-loss medications. Herbalife's Classic and Vegan tastes are now available in the United States and Puerto Rico.

In 2023, Gramik, a peer commerce platform, produced three cow feed supplements: 'Doodh Sagar', 'Heifer Mix', and 'Urja Pashu PoshakAahar'. The new variety of products is developed with a purpose to help livestock farmers in India acquire an edge in the industry by purchasing premium cow feed supplements.

In 2022, Dyet Nutrition, one of India's major health supplement brands, plans to expand its product portfolio with a new line of goods. Dyet Nutrition's freshly announced products include chocolate and vanilla flavored whey protein concentrates as well as multivitamins.

Feed Supplements Market Segmentation

Feed Supplements Type Outlook

• Protein


• Vitamin


• Amino Acid


• Fatty Acid


• Minerals


• Others

Feed Supplements Form Outlook

• Dry


• Liquid


• Others

Feed Supplements Livestock Outlook

• Ruminants


• Poultry


• Swine


• Aquaculture


• Others

Feed Supplements Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

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

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

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