Canada Feed Additives Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Acidifiers, Amino Acids, Antibiotics, Enzymes, Flavours and Sweeteners, Minerals, Probiotics, Vitamins), By Source (Natural, Synthetic), By Form (Dry, Liquid), By Livestock (Aquatic, Poultry, Ruminants, Swine & Others), and Country Forecast 2019-2030.

Canada Feed Additives Market size was valued at US$ 389.2 million in 2023 and is projected to grow at 5.8% CAGR from 2024–2030. Feed additives are substances, microorganisms, or preparations that are intentionally added to animal feed or water to perform specific functions like improving feed quality, improve food quality, and improve animal health and performance. The key market drivers of market are growing demand for meat led to an increase in animal feed production which aided market growth, increasing use of probiotics as supplements in animal feed, increase focus on animal health and nutrition, rise in organic farming as it is gaining momentum leading to a growing demand for natural, non-GMO, and organic feed additives to comply with organic certification standards.

However, some restraints which hamper the growth of the market are high costs of feed additives as production of feed additives often requires costly ingredients, such as enzymes, amino acids, and probiotics, which can drive up the overall cost of feed. This can make it difficult for small-scale or price-sensitive farmers to adopt feed additives, particularly in developing regions, high R&D costs, limited knowledge among farmers regarding benefits of feed additives, storage challenges regarding certain feed additives, resistance of antibiotics in animals.

For instance, as per instructions from The World Health Organization (WHO), several farmers and the food industry stopped the routine use of antibiotics to promote growth and disease prevention in healthy animals. Emerging key opportunities of market are increase in export opportunities. For instance, Canada generated about $3.33 billion in revenue from international exports of livestock feed and feed ingredients. Moreover, demand for expansion of aquaculture industry, increase in innovation and technological advancements also create lucrative opportunities for Canada Feed Additives Market. Additionally, the key trends of market are increase in Canadian beef exports, increase in demand for consumption of poultry products as the current market trend favours the poultry farmers as prices for eggs are rising. For instance, the Animal welfare of poultry birds has a contribution of around US$ 3 million investment by the Government of Canada to support the poultry industry. 

Key Developments

• In October 2022, With BASF, Evonik was granted nonexclusive license rights to OpteinicsTM – an ever-changing digital solution towards improved comprehension and reduced environmental impact in feed and animal protein industries.
• In April 2022, A strategic partnership has been made between Elanco and Royal DSM for Bovaer, an innovative, methane-reducing feed additive for cattle.