Feed Preservatives Market - Industry Segments, Growth Drivers, Future Trends And Outlook 2027

by Mit K. SEO

The global feed preservatives market size is estimated to be valued at USD 4.8 billion in 2022 and is projected to reach USD 6.7 billion by 2027, recording a CAGR of 6.7% in terms of value. Feed preservatives such as feed acidifiers, mold inhibitors, feed antioxidants, and anticaking agents are chemical substances or extracts which are added to feed products to enhance their growth and restrict any disease indication. Feed preservatives cater to a wide range of livestock such as cattle, poultry, swine, aquaculture, and other livestock species such as equines and companion animals. The number of zoonotic diseases in recent years has been rising, which are caused by ingesting pathogenic microorganisms such as bacteria, viruses, and parasites along with food or water and can be transmitted to humans. Feed preservatives offer many desirable properties such as inhibition of growth of e.coli & salmonella which are among the most common foodborne pathogens.

The Asia Pacific region accounted for the largest market share in the global feed preservatives market. The region is also projected to witness significant growth due presence of several players in the region. The increased meat consumption and rising focus on reducing feed costs have resulted in the growing feed preservatives market in the region. Along with this, the growth in poultry production in countries like India and China has witnessed tremendous growth over the last decade with the Asia Pacific dominating the global poultry industry.

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Leading players profiled in this report include the following:

· BASF SE (Germany)

· Cargill (US)

· Nutreco NV (Netherlands)

· Alltech Inc. (US)

· Perstorp Holding AB (Sweden)

· Novus International Inc. (US)

· DSM (Netherlands)

Based on livestock, poultry segment is projected to be the largest and fastest growing segment during the forecast period. Poultry production and consumption have been on the rise in the last decade and meat producers are increasingly focusing on the quality of meat which gives a boost to the feed preservatives market in the poultry segment. Due to the improving economic conditions and rising awareness in feed hygiene in countries like China and India which are global leaders in poultry production, meat consumption and demand for feed preservatives is likely to witness further growth over the forecasted period, in terms of value.

Among feed type, compound feed accounted for the major market share in the overall feed preservatives market. The significant increase in consumption of meat and other animal product have propelled the consumption of compound feed on a global scale. Compound feeds such as pea protein are gaining popularity in the industry as they cater to a range of livestock species such as aquaculture and companion animals. In addition, compound feed have a long shelf life when used with feed preservatives such as feed acidifiers, mold inhibitors and feed antioxidants which has also contributed to the rising demand for compound feed on a global scale.