The increasing demand for animal food products such as meat, milk and eggs worldwide leads to an increase in the animal population and expansion of the livestock sector, which in turn increases the demand for animal feed. The key factor in this demand is the demand for quality and safe animal food, and therefore the demand for quality and safe animal feed. This demand drives the need for reliable and effective methods of preservation, namely feed preservatives, to ensure the integrity of feed throughout the supply chain. Forecasts reveal that the global feed preservatives market will reach a size of USD 4.9 billion in 2023 and will continue at a CAGR of approximately 4.6% between 2023 and 2030.
By Derya YILDIZ
Feed preservatives are organic and inorganic substances added to animal feeds to extend shelf life and maintain nutritional quality. These preservatives help prevent the growth of harmful microorganisms such as bacteria, yeasts and fungi in feed ingredients and finished feeds and reduce the risk of microbial spoilage. They thus contribute to the overall safety and stability of animal feed, ensuring that animals receive nutritionally complete and uncontaminated feed. In addition, these preservatives are also very important for keeping the feed uncontaminated from production to consumption, i.e. extending its shelf life.
The applications of animal feed preservatives are varied and essential for the welfare and productivity of livestock and poultry. However, because excessive doses or inappropriate use can be dangerous to animals or humans, it is recommended that feed preservatives be used at reasonable levels and with appropriate safety procedures. To ensure the safety and efficacy of feed preservatives, regulatory authorities such as the FDA and the European Food Safety Authority have established recommendations for their use.
COMMONLY USED FEED PRESERVATIVES
Common types of animal feed preservatives include organic acids, antioxidants, mould inhibitors and antimicrobial agents. Each of these preservatives serves specific purposes in maintaining the quality of feed ingredients and finished feeds and are segmented into feed acidifiers, mould inhibitors, feed antioxidants, anti-caking agents. According to market research companies, feed acidulants are the segment with the largest market share in the global feed preservatives market. This segment is expected to grow significantly in the coming years and dominate the global market.
Feed preservatives are also divided into synthetic and natural. Growing concerns over the potential effects of synthetic additives on animal and human health are fuelling the demand for natural alternatives in animal feed preservation. Natural preservatives derived from sources such as herbs, spices and plant extracts are considered as a safer and eco-friendly option to maintain the quality and safety of animal feed.
On the basis of form, the dry feed preservatives segment is expected to witness significant growth in the coming years. Dry feeds, including pellets and granules, are widely used in the livestock and poultry industries owing to their ease of handling, storage, and transportation. However, the dry nature of these feeds makes them susceptible to microbial contamination and oxidation and requires the use of effective preservatives to maintain their nutritional value over time. The growth of the dry segment is attributed to the expanding global livestock and poultry industries where processed and dry feeds are widely used.
FEED PRESERVATIVES MARKET AND FORECASTS
According to a recent report by Acumen Research and Consulting, the global animal feed preservatives market size was realised at USD 4.8 billion in 2022. Pointing out that the market will grow at a CAGR of 6.4% between 2023 and 2032, the company estimates that the total size will reach USD 8.8 billion by 2032.
DataM Intelligence’s report provides similar data on the market size and growth expectations. According to the company’s report on the global feed preservatives market, the market size, which reached USD 4.12 billion in 2022, will reach USD 6.76 billion by 2030, growing at a CAGR of 6.4% during the forecast period 2023-2030.
Spherical Insights & Consulting also estimates the market size at USD 4.7 billion in 2022. According to the company’s report, the feed preservatives market will reach USD 8.9 billion by 2032, growing at a CAGR of 6.5% during the forecast period.
Another market forecast supporting the first 3 reports belongs to Maximize Market Research (MMR). According to MMR’s report, the global feed preservatives market, valued at USD 4.79 billion in 2022, will grow at a CAGR of 6.6% during the forecast period 2023-2029. The company expects the market value to reach USD 7.49 billion in 2029.
Global Market Insights Inc. points to the value of the market in 2023 in its report. According to the company’s report, the market size was USD 5.06 billion in 2023. The company predicts that the market will grow at a CAGR of more than 6.1% from 2024 to 2032.
The current market size and CAGR expectations of these 5 research companies, which are the source of our report on the global feed preservatives market, paint a very similar picture. With an average calculation based on these reports, we can foresee that the global feed preservatives market had a size of USD 4.9 billion in 2023, will grow at a CAGR of 4.6% between 2023 and 2030 and will reach a size of approximately USD 7.6 billion in 2030 with this growth rate.
FACTORS SUPPORTING MARKET DEVELOPMENT
The global feed preservatives market has recorded significant growth in recent years due to various factors. One of these factors is the expansion of the livestock and feed industry. The increasing demand for animal food products such as meat, milk and eggs worldwide leads to an increase in the animal population and expansion of the livestock sector, which in turn increases the demand for animal feed. However, the key factor here is the demand for quality and safe animal food, and therefore the demand for quality and safe animal feed. This demand drives the need for reliable and effective preservation methods to ensure the integrity of feed throughout the supply chain.
Developments in the field of feed preservatives also play a role as a driving force in the growth of the market. The industry is developing innovative and sustainable solutions that fulfil both the need for effective preservation and the growing demand for environmentally friendly applications. Legal regulations for feed safety and quality standards also support these solutions.
Another important factor that cannot be ignored is climate change. The increase in unpredictable weather events due to climate change increases the risk of bacterial and fungal contamination, i.e. the risk of feed spoilage. This situation increases the need for preservatives, considering the possible harmful effects of feeds produced without feed preservatives.
All these factors, along with the awareness of the economic losses related with feed spoilage and contamination, are leading farmers and feed producers to adopt feed preservatives more and more.
According to analysts, the biggest opportunity in the market is expected to be in the natural preservatives segment. Antibiotics are no longer used to preserve feed due to antibiotic resistance resulting from their widespread use. This limitation is considered as a growth opportunity for natural and innovative feed preservatives. Concerns about sustainability are also increasing the shift towards natural products. However, governments are implementing rules and regulations for environmentally friendly production. Therefore, companies are expected to have tremendous growth opportunities by developing natural and organic feed preservatives in the current period.
FACTORS LIMITING MARKET DEVELOPMENT
Low profit margins are considered among the factors that will limit market development. According to analysts, high profit margins are difficult to achieve in the animal nutrition sector. In recent years, high margin products have been sold in lower volumes, which reduces the sales volume. The demand for feed preservatives has gradually decreased as a result of under-delivery principles, which has reduced the profit that was initially accessible.
High production costs are also considered to act as a major limiting factor for the feed preservative market. The development and production of feed preservatives requires specialised equipment with advanced technology and skilled labour force. This increases the production costs. According to the researchers, this may cause a decline in the growth of the market.
Legislation can play a role as a limiting factor in feed preservatives, as in many other areas. Researchers point to strict regulations that limit the use of certain preservatives due to their potential hazards. Developing products in compliance with these regulations is considered to be one of the biggest challenges for companies working in feed preservatives.
Other limiting factors include concerns over the potential impact of preservatives on animal health; increasing competition among key players, which may act as a barrier for new entries into the market. The market is expected to become more competitive in the coming years as many players compete for market share.
Some Feed Preservatives Suppliers in the World:
Adisseo
ADM
Ajinomoto Co.
Akzo Nobel
Albemarle
Alltech
Avon Animal Health
BASF SE
Brenntag Solutions
Cargill
Celanese Corporation
Corbion
Danisco
Danish Agro
Dsm-firmenich
Eastman Chemical Company
Evonik Industries AG
Galactic
Hawkins Watts Limited
Impextraco NV
International Flavors & Fragrances Inc.
Jungbunzlauer Suisse AG
Kemin Industries
Kerry Inc.
Kilo Ltd.
Merck Animal Health
Niacet Corporation
Nor-Feed
Novus International
Nutreco (Selko)
Nutriad International
Perstorp Holding
Pestell Nutrition (Barentz)
Saideep Exports Pvt. Ltd.
Solvay Group
Tate & Lyle Plc
Univar Inc.
Vee Excel Drugs and Pharmaceuticals Pvt. Ltd.
Vinayak Ingredients
MARKET SITUATION BY ANIMAL SPECIES
In terms of animal species, the poultry segment is expected to witness significant growth in the coming years. As the global demand for poultry products such as chicken meat and eggs continues to grow, the need for high quality and safe poultry feed is increasing. Animal feed preservatives, including antioxidants, mould inhibitors, and antimicrobial agents, are essential to maintain the freshness and nutritional integrity of poultry feed throughout production and supply chain.
The poultry industry’s emphasis on efficiency and productivity has led to greater adoption of preservatives to prevent feed spoilage and contamination. Moreover, intensification of poultry farming practices, especially in emerging economies, is contributing to the demand for improved feed preservation methods.
The other key segment in feed preservatives is the cattle segment. According to research companies, the cattle segment will continue to hold a significant market share in the global feed preservatives market in the upcoming period.
MARKET DEVELOPMENT ON REGIONAL BASIS
North America stands out as the dominant region in the animal feed preservatives market due to its high livestock population, developed livestock industry, presence of major feed preservative manufacturers, high sophistication in the feed additive sector and stringent regulatory standards. Especially the United States and Canada have an important role in shaping the market. The North American livestock sector, which includes poultry, swine and cattle farming, is an extensive and highly industrialised sector, resulting in a significant demand for high quality and preserved animal feed. One of the key factors contributing to North America’s dominance in the animal feed preservatives market is the region’s commitment to feed safety and quality standards. Strict regulations enforced by agencies such as the U.S. Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) mandate the use of preservatives to ensure the integrity of animal feed. Compliance with these regulations has driven the adoption of advanced preservative technologies, positioning North America as a leading market for innovative and effective solutions. The region is also at the forefront of technological innovation in feed preservation. The region’s abundant access to raw materials such as dextrose and corn is likely to boost feed preservative production.
According to research companies, despite the dominance of North America, Asia Pacific holds great potential for the future of the feed preservatives market. The cattle and poultry industries in the region, particularly in India and China, are rapidly developing and industrialising. This will increase the demand for animal feed and with it feed preservatives in the coming years. It is also predicted that the region will use feed preservatives more frequently due to the favourable outlook for disease-free beef. China, one of the world’s largest meat producers, is expected to continue to be favourable for market expansion in the region.
MARKET ENVIRONMENT IN TERMS OF SUPPLIERS
Key players in the feed preservatives market are implementing various growth strategies such as mergers & acquisitions, collaborations, and new product launches to strengthen their market position and expand their product portfolio. A significant number of these players are actively engaged in offering a wide range of organic and natural feed preservatives, which has heightened their popularity in the market. Focusing on research and development to offer effective products to their customers, these players are also focusing on improving customer experience and increasing their production capacity in the market by implementing new marketing strategies.
Sources:
1. Animal Feed Preservatives Market Size Report Forecast 2032 (acumenresearchandconsulting.com)
2. Animal Feed Preservative Market Size, Share, Trend & Forecast 2034 | FMI (futuremarketinsights.com)
3. Feed Preservatives Market Trends, Global Outlook & Forecast (exactitudeconsultancy.com)
4. Global Feed Preservatives Market Research Report 2023 | Market Research Reports® Inc.
5. Feed Preservatives Market Size, Share, Industry, Forecast and Outlook (2023-2030) (datamintelligence.com)
6. Global Feed Preservatives Market Size, Share, Growth. (sphericalinsights.com)
7. Feed Preservatives Market – Global Industry Analysis and Forecast 2029 (maximizemarketresearch.com)
8. Animal Feed Preservatives Market Size, Share & Forecast – 2032 (gminsights.com)
