The Global Animal feed additives Market to surpass USD 28.3 billion by 2030 from USD 21.2 billion in 2020 at a CAGR of 4.64% in the coming years, i.e., 2020-30.Global Animal Feed Additives Market is expected to project a notable CAGR of 4.64% in 2030.
The animal feed market growth is anticipated to be double due to an increase in the higher demand for meat-based products by 2030. Improved consumer demand and excess consumption in livestock-based products has increased the animal feed additives market growth. Excessive consumption of feed additives in both developing and non-developing countries has acquired the Global animal feed additives market growth.
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Global Animal Feed Additives Market: Key Players
 Cargill
 New Hope Group Co. Ltd.
 Perdue Farms Inc.
 Evonik Industries
 Guangdong Haid Group Co. Ltd.
 Nutreco NV
 Archer Daniels Midland Co.
 Land O’Lakes Inc.
 Charoen Pokphand Foods Plc
 For Farmers NV
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Market Segments
Poultry segment to grow with the highest CAGR during 2020-30
Global Animal Feed Additives Market is segmented by livestock into Swine, Poultry, Aquatic, and others. Poultry segment is projected to lead the market during 2020 and 2030. In the global meat industry, poultry comes out to be the second-largest meat-producing segment. The global consumption of the poultry segment has triggered the overall Animal Feed Additives market growth. Mounting sales in the poultry meat segment is further expected to promote the Animal feed additives market.
Market Dynamics
Drivers
Boost in demand and consumption of livestock-based products
Global Animal Feed Additives market has observed prominent growth at a large pace. The increasing demand for livestock-based products such as meat & dairy products, eggs, are projected to rapidly boost the animal feed additives market growth. Poultry meat is the major driver for the growth of the market, globally, owing to its high demand, high population, lower cost of production. In addition, high consumption of animal feed by gym trainers as considering it the best source of protein is a prime factor driving meat production globally.
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Restraint
Stern regulations for use of antibiotics
Unyielding regulations in the use of antibiotics in animal feed are anticipated to restraint the market growth. Europe restricted the use of antibiotics in feeds as microbes extend to antibiotics that can be used as a risk to human and animal infections. The certain restrictions by Europe aid to decline the regional market. This was projected to become the major restraint for the Animal Feed Additive market. Additionally, mount in the prices of raw materials such as wheat, barley, bajra, maize, and others and severe regulations for feed additives hinder the market growth.
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