The global feed additives market size reached a value of US$ 33.1 Billion in 2018. By 2024, the market value is projected to reach US$ 44.5 Billion, at a projected CAGR of 5% during 2019-2024. As per the analysis by IMARC Group, the top feed additives companies are rapidly investing on several R&D activities to upgrade their manufacturing technologies for improving the yield and quality of the products. Furthermore, the manufacturers strive to provide higher amount of feed additives for the rising livestock population, that is augmented by the growing popularity of industrialized meat production across the world. The companies are also opting innovative solutions for ensuring high-quality feed additive inputs in animal feeds for enhancing the efficiency of meat production. Based on the seafood consumption and aquafeed utilization, the Asia Pacific region dominates the global feed additives industry, with China being the leading country. In these regions, the top players are expected to discover new feed additives which will perform multiple functions in stimulating the fish production capacities, in the upcoming times.
Bluestar Adisseo, a subsidiary of China National Bluestar Group, supplies a range of nutritional feed additives and essential nutrition products around the world. The company’s product portfolio caters to feed digestibility, palatability, feed preservation, and mycotoxin management. The feed additives are marketed under several brands, such as Krave, Gusti, Rhodimet, Microvit, Rovabio, Apex, Salmo-nil, and TOXY-NIL, among various others. With an annual turnover of US$ 1.61 Billion in 2018, the company employs over 12,250 employees around the world.
Headquarter: Kentucky, United States
Alltech is a US-based company that operates in three major segments: animal nutrition, crop science and food & beverages. The company’s animal nutrition-related product portfolio includes Actigen, Aquate, Bioplex, Allzyme SSF, Blueprint Rumagen, Epnix, Economase, Guardicate, DEMP, Integral A+, and Optigen, among several others. With more than 5,000 employees, the company has its presence across 128 countries worldwide.
Archer Daniels Midland
Headquarter: Chicago, Illinois, United States
Archer Daniels Midland (ADM) is an agricultural processor and food ingredient provider. The company primarily deals in four major segments, including food and beverage, animal nutrition, farming, and logistics. The animal nutrition-related products include bioactives, organic trace minerals, antibiotic replacers, egg and milk production enhancers, supplements, and premixes, among various others. In 2018, the company generated annual revenue of US$ 6.8 Billion with about 40,000 employees across 200 countries worldwide.
Headquarter: Ludwigshafen, Germany
BASF SE is primarily engaged in diversified business segments, including animal nutrition, agriculture, chemical, pulp and paper, paints and coatings, among several others. The company offers its feed additives products under various product groups such as enzymes, vitamins, glycinates, clay products, carotenoids, organic acid, etc. BASF reported an annual sale of US$ 62.6 Billion in 2018, with around 122,404 employees working across 90 countries worldwide.
Headquarter: Minnesota, United States
Cargill Inc. majorly deals in agriculture, animal nutrition & protein, and food & beverage, among several others. The company’s feed additive range is available under Cargill’s innovative brand, Promote, including products such as Notox, Valido, Intella, Cinergy, Proviox, and Enzae, among various other products. In 2018, the company generated annual revenue of US$ 3.2 Billion, with more than 160,000 employees working across 70 countries worldwide.
Chr. Hansen Holding
Headquarter: Hoersholm, Denmark
Chr. Hansen is a bioscience company that develops food cultures, enzymes, natural colors, and probiotics for the food, nutritional, pharmaceutical, and agricultural industries. The company’s product portfolio, related to animal health and nutrition, includes probiotics, silage inoculants, and other feed additives for swine, poultry, dairy, and beef production. The annual revenue of the company in 2018 was reported at US$1.28 Billion, with around 3,420 employees working across 140 countries worldwide.
DuPont (Danisco Animal Nutrition)
Headquarter: Michigan, United States
DuPont provides a wide range of products and services for various markets, animal nutrition being one of them. Dupont’s animal nutrition-based product portfolio includes carbohydrase and protease feed enzymes, feed probiotic solutions, feed betaine solutions, and combined feed. These products are marketed under several brands, such as Axtra, Danisco Xylanase, Porzyme, Enviva, Syncra, and Betafin, among various others. In 2018, the company reported net sales of US$ 86 Billion, employing around 98,000 people across 70 countries worldwide.
Evonik Industries AG
Headquarter: Essen, Germany
Evonik Industries caters its products to various end-industries, including animal nutrition, agriculture, construction, food & beverages, and supplements. The company offers a variety of feed additives products, such as alkoxides, essential oils, amino acid, and butadiene, among various others. The annual revenue of the company in 2018 was estimated to be around US$16.6 Billion, with a global presence across 100 countries and 36,043 employees onboard.
Headquarter: Morbihan, France
Neovia, a subsidiary of Archer Daniels Midland Company, deals in animal health and nutrition. Neovia was earlier recognized as Invivo Animal Nutrition and Health. InVivo NSA functions in five major sections in the feed additives industry: complete feed, premix and services, feed additives and ingredients, analysis laboratories, and animal health. With a turnover of US$ 1.8 Billion, the company has its global presence across 26 countries with 8,950 collaborators.
Headquarter: Amersfoort, Netherlands
Nutreco N.V., a wholly-owned subsidiary of SHV Holdings, is a Dutch company that engages in animal nutrition, fish farming and meat processing. The company’s products are mainly marketed under two global brands including Trouw Nutrition (animal nutrition) and Skretting (aquafeed). With net sales of US$ 7.08 Billion in 2018, the company employs over 12,000 people across 37 countries, worldwide.
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About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global feed additives industry, which has enabled clients to set up and expand their businesses successfully.