MARKET REPORT 76 FEED & ADDITIVE MAGAZINE February 2025 North America, with a developed livestock industry and strict regulations on animal feed and food safety, is characterised by high adoption rate of advanced feed technologies and growing demand for natural and organic feed additives. According to analysts, the regional market, although mature, still offers growth opportunities. Growing consumer preference for antibiotic-free and sustainably produced meat products is fuelling the demand for alternative feed additives such as probiotics, prebiotics and enzymes. Furthermore, the growing pet food market also contributes to the demand for specialised feed additives. Europe Europe is another major market for feed additives with a market size of USD 8.68 billion in 2024, which is expected to reach USD 10.78 billion by 2030, growing at a CAGR of 4.44%. The growth is driven by increasing demand for high quality animal protein, strict legislations promoting animal health and food safety, and adoption of advanced feed technologies. In the coming years, the European market is expected to witness steady growth driven by increasing consumer demand for high quality and sustainably produced animal products. The region's focus on livestock welfare, environmental sustainability and reducing antibiotic usage creates opportunities for natural and organic feed additives and alternative feeding strategies. Latin America Latin America is a growing market for feed additives due to the region's large livestock population and increasing demand for animal protein. Research companies forecast the market size to reach USD 4.32 billion by 2030, growing at a CAGR of 4.1%, from an estimated USD 3.45 billion by 2024. The market is witnessing increasing adoption of modern agricultural practices and growing awareness on animal health and nutrition. The Latin American market is expected to experience significant growth in the coming years. Factors such as increasing urbanisation, rising disposable incomes and increasing export opportunities for meat products will drive demand for feed additives. Middle East and Africa The Middle East and Africa region is an emerging market for feed additives. The market size of USD 3.45 billion in 2024 is expected to reach USD 4.32 billion by 2030, growing at a CAGR of 4.1%. The growth is driven by increasing demand for animal proteins such as meat and milk, as well as growing animal population and adoption of advanced feed technologies. However, factors such as limited access to advanced agricultural technologies, varying levels of regulatory oversight, and political instability may pose challenges to the market growth. The Middle East & Africa market is expected to witness steady growth due to increasing urbanisation, rising disposable incomes, and government initiatives to promote agricultural development. Growing awareness regarding animal health and nutrition is also contributing to the demand for feed additives in the region. References: 1. Feed Additives, Their Role, and Technological Properties | ResearchGate 2. Feed additives | EFSA 3. XIX. Feed Additives – A Guide to the Principles of Animal Nutrition I Oregon State University 4. Study reveals consumers value animal welfare more than environmental sustainability when buying meat and dairy products | University of Portsmouth 5. Feed Additives Market Size & Share Analysis - Industry Research Report - Growth Trends I Mordor Intelligence 6. Feed Additives Market Industry Analysis | Types, Advantages, and Forecast I Markets and Markets 7. Feed Additives Market Forecast, Share, Strategies, Scope, Overview I Data Bridge Market Research 8. Feed Additives Market Size, Share | Industry Report [ [2032] I Fortune Business Insights 9. Animal Feed Additives Market Size, Share & Forecast to 2029 I Research and Markets
RkJQdWJsaXNoZXIy MTUxNjkxNQ==