Animal Feed Additives Market Size, Share, Growth Analysis, By Source (Natural, Synthetic), By Form (Dry, Liquid), By Livestock (Poultry, Cattle), By Region -Industry Forecast 2024-2031

As per the animal feed additives market forecast, Asia-Pacific in 2023 had the highest market share and will grow at a significant CAGR during the projection period. There are a few factors pushing the increased demand for animal feed additives in Asia-Pacific. Primarily, meat, dairy, and poultry product demand are experiencing high rise due to fast urbanization and population growth requiring enhanced animal productivity. Changes in diets towards higher protein diets have resulted in increased demand for animal products, and the growing aquaculture sector in the region will require specialized feed additives to enhance the growth and welfare of aquatic species. Increasing knowledge of the health and welfare of livestock among customers and producers are also driving the use of feed additives to improve animal welfare.

North America animal feed additives industry is expected to come out profitable in the forecast years due to some great reasons. But the leading key driver comes from the surging demand for meat, particularly between the US and Canadian economies, as people continue upping their search for more high-quality protein sources. Increasing demand for meat in the region, coupled with strict regulations on meat quality, is compelling livestock farmers to take up the latest feed additives that help improve animal productivity and health. In addition, growing awareness about sustainable agriculture techniques is making farmers invest in premium feed solutions. For all these reasons combined, the animal feed additives industry is expected to grow substantially in North America.