The feed additives market is valued at USD 38.3 billion in 2021 and is poised to grow at a significant CAGR of 5.7% over 2022–2028. Antimicrobial ingredients are frequently present in poultry feeds to aid growth and illness management. Due to the risk, they posed to public health, food safety, and cross-resistance, the European Union outlawed feed-grade antibiotic growth promoters. As a result, feed makers are using current technology to embrace new kinds of natural feed additives in addition to antibiotics. The botanical reserves in this new generation of growth promoters comprise appropriate herb or plant extract mixes. Various bioactive components, including alkaloids, bitters, flavonoids, glycosides, mucilage, saponins, and tannins, are present in herbs and plant extracts used as feed additives. Since herbs and plant extracts affect hunger and intestinal microbiota, they are predicted to have various impacts. This is because they stimulate pancreatic secretions, boosting immunological function and endogenous enzyme activity. Numerous plant products and their elements have extensive antibacterial action, antioxidant characteristics, and sedative effects. Probiotics aid in the microbial ecology of the gastrointestinal tract by preventing and controlling enteric infections in animals. Probiotics will be widely used in animal feed additives in the upcoming years due to research showing positive effects on the immune systems and digestion of cattle, ruminants, and poultry. Moreover, commercial farming includes activities like raising livestock and agriculture, both of which are growing. The economies of nations like China, India, the United Kingdom, and the United States, among others, depend heavily on commercial agriculture and aquaculture cultivation. Commercial farms’ production has expanded due to the rise in demand for meat and seafood products. The demand for premium meat and seafood products and rising levels of meat and dairy consumption are driving growth in the commercial farming sector. The development of the retail and agricultural industry may be advantageous for the market for animal feed additives. Global protein demand has increased commercial animal production, and inorganic phosphate supplements significantly aid the expansion of the animal feed sector.
Recent Market Developments:
In February 2021, Kemin Industries launched a new product named KemTRACE Chromium-OR, an organic compliant chromium propionate feed ingredient for swine, cattle, broiler, and horse diets.
In July 2020, ADM launched NutriPass L, an encapsulated lysine supplement that is rumen-stable and intestinally available to cows. Through effective encapsulation, NutriPass supplies a consistent and stable supply of metabolizable lysine for lactating cows and growing cattle.