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Report
Australia Feed Additives - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2029
Market Report I 2024-02-17 I 403 Pages I Mordor Intelligence
The Australia Feed Additives Market size is estimated at USD 234.71 million in 2024, and is expected to reach USD 296.52 million by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
- In Australia, amino acids, binders, minerals, and probiotics are the major feed additive types used in animal feed, and they accounted for a significant market share of 56% in the total feed additives market in 2022. Among the feed amino acids used in animal feed, lysine and methionine were the most significant, accounting for 54.7% of the total feed amino acids market value in 2022. The higher share of these amino acids was due to their efficiency in improving gut health, easy animal digestion, and increased meat production.
- Synthetic feed binders play a crucial role in preventing diseases by improving animal digestion and nutrition intake. Synthetic binders held the largest share in 2022, accounting for 65.4% of the binders segment in the country. Poultry birds were the major animal types in the Australian feed additives market in 2022, accounting for 52.1% of the market share value, owing to their high feed intake and production, which was more than 4.3 million metric tons in 2022.
- Antioxidants such as citric acid are crucial in reducing the colonization of pathogens and limiting the production of toxic metabolites, thereby improving the availability of protein, calcium, phosphorus, magnesium, and zinc. Antioxidants are expected to be the fastest-growing segment in the Australian feed additives market, with a CAGR of 5.6% during the forecast period. They are used to prolong the shelf life of animal feeds.
- Based on the importance of feed additives in animal nutrition and the factors mentioned above, the demand for feed additives is anticipated to grow and record a CAGR of 4.8% during the forecast period in Australia.
Australia Feed Additives Market Trends
The steady increase in the consumption of eggs and poultry industry is witnessing increase in export demand which is increasing the poultry production
- The Australian poultry market is currently experiencing a surge in demand due to its position as the most consumed meat in the country. In 2020, poultry meat production in Australia amounted to 1.2 million tons, valued at USD 2.9 billion. This represented an increase of 2.8% from the previous year, with production increasing by 10.1% between 2017 and 2022 to meet rising demand.
- Despite this growth, the Australian poultry industry faced challenges in 2020 due to the impact of diseases like Avian influenza on farming. However, the industry remained resilient and continued to expand to meet the rising demand. In 2022, per capita consumption of poultry meat reached 44.50 kg, up from 43.35 kg in 2017, indicating a steady increase in demand.
- The consumption of poultry eggs has also been on the rise in Australia, and the per capita consumption grew to 249 eggs in 2021, an increase of 7.8% compared to 2017. As a result, egg production in the country rose to 6.3 billion eggs in 2021, up from 5.521 billion eggs. This trend is expected to continue, with layer production projected to increase in the coming years to meet demand.
- The growth of poultry production in Australia is not limited to the domestic market, as the industry is also experiencing increasing export demand. In 2020, the total value of poultry exports reached USD 85 million, representing a 30% increase from the previous year, with Papua New Guinea as the largest export market in terms of volume and value. As a profitable sector, poultry farming is becoming increasingly popular among Australian farmers, with many shifting toward it to drive growth.
Seafood consumption has been increasing which is increased fish production and the companies are increasing aqua feed production to meet the increased demand for feed consumption
- The aquaculture industry has been experiencing a steady growth within the Australian seafood sector. From 2002 to 2022, aquatic feed production increased by 53.2%, reaching 0.2 million metric tons. This growth was attributed to the rising demand for aquatic feed due to increased aquaculture production in the country. In 2022, aquaculture production in Australia surged by 13.7%, reaching 1.7 million metric tons.
- Fish feed production accounted for the largest share of the total aquaculture feed production in 2022, representing 57.9%. This production increased by 5% compared to the previous year, mainly due to the growing seafood consumption. As a result, producers are focusing on improving performance and increasing feed efficiency. Seafood consumption in Australia also increased to 14.5 kg per person during 2020-21 from 13.5 kg per person during 2019-20. Similarly, shrimp feed production increased by 27.5% from 2020 to 2022, driven by the growing shrimp production and expansion of shrimp aquaculture farming.
- As seafood forms a significant part of the Australian diet, the stress on producers is increasing tremendously to meet the growing demand for a nutritional diet, given the rising population. During 2020-21, exports of aquaculture products accounted for USD 2.14 billion, highlighting the critical role that the industry plays in the country's economy. Consequently, compound feed production is expected to increase to improve productivity and produce a quality product. Feed production is projected to increase from 183.6 thousand metric tons in 2023 to 195.7 thousand metric tons by 2029. This increase in feed production is expected to support the growth of the aquaculture industry and meet the increasing demand for seafood domestically and internationally.
Australia Feed Additives Industry Overview
The Australia Feed Additives Market is moderately consolidated, with the top five companies occupying 44.75%. The major players in this market are DSM Nutritional Products AG, IFF(Danisco Animal Nutrition), Lonza Group Ltd., SHV (Nutreco NV) and Solvay S.A. (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 Animal Headcount
4.1.1 Poultry
4.1.2 Ruminants
4.1.3 Swine
4.2 Feed Production
4.2.1 Aquaculture
4.2.2 Poultry
4.2.3 Ruminants
4.2.4 Swine
4.3 Regulatory Framework
4.3.1 Australia
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
5.1 Additive
5.1.1 Acidifiers
5.1.1.1 By Sub Additive
5.1.1.1.1 Fumaric Acid
5.1.1.1.2 Lactic Acid
5.1.1.1.3 Propionic Acid
5.1.1.1.4 Other Acidifiers
5.1.2 Amino Acids
5.1.2.1 By Sub Additive
5.1.2.1.1 Lysine
5.1.2.1.2 Methionine
5.1.2.1.3 Threonine
5.1.2.1.4 Tryptophan
5.1.2.1.5 Other Amino Acids
5.1.3 Antibiotics
5.1.3.1 By Sub Additive
5.1.3.1.1 Bacitracin
5.1.3.1.2 Penicillins
5.1.3.1.3 Tetracyclines
5.1.3.1.4 Tylosin
5.1.3.1.5 Other Antibiotics
5.1.4 Antioxidants
5.1.4.1 By Sub Additive
5.1.4.1.1 Butylated Hydroxyanisole (BHA)
5.1.4.1.2 Butylated Hydroxytoluene (BHT)
5.1.4.1.3 Citric Acid
5.1.4.1.4 Ethoxyquin
5.1.4.1.5 Propyl Gallate
5.1.4.1.6 Tocopherols
5.1.4.1.7 Other Antioxidants
5.1.5 Binders
5.1.5.1 By Sub Additive
5.1.5.1.1 Natural Binders
5.1.5.1.2 Synthetic Binders
5.1.6 Enzymes
5.1.6.1 By Sub Additive
5.1.6.1.1 Carbohydrases
5.1.6.1.2 Phytases
5.1.6.1.3 Other Enzymes
5.1.7 Flavors & Sweeteners
5.1.7.1 By Sub Additive
5.1.7.1.1 Flavors
5.1.7.1.2 Sweeteners
5.1.8 Minerals
5.1.8.1 By Sub Additive
5.1.8.1.1 Macrominerals
5.1.8.1.2 Microminerals
5.1.9 Mycotoxin Detoxifiers
5.1.9.1 By Sub Additive
5.1.9.1.1 Binders
5.1.9.1.2 Biotransformers
5.1.10 Phytogenics
5.1.10.1 By Sub Additive
5.1.10.1.1 Essential Oil
5.1.10.1.2 Herbs & Spices
5.1.10.1.3 Other Phytogenics
5.1.11 Pigments
5.1.11.1 By Sub Additive
5.1.11.1.1 Carotenoids
5.1.11.1.2 Curcumin & Spirulina
5.1.12 Prebiotics
5.1.12.1 By Sub Additive
5.1.12.1.1 Fructo Oligosaccharides
5.1.12.1.2 Galacto Oligosaccharides
5.1.12.1.3 Inulin
5.1.12.1.4 Lactulose
5.1.12.1.5 Mannan Oligosaccharides
5.1.12.1.6 Xylo Oligosaccharides
5.1.12.1.7 Other Prebiotics
5.1.13 Probiotics
5.1.13.1 By Sub Additive
5.1.13.1.1 Bifidobacteria
5.1.13.1.2 Enterococcus
5.1.13.1.3 Lactobacilli
5.1.13.1.4 Pediococcus
5.1.13.1.5 Streptococcus
5.1.13.1.6 Other Probiotics
5.1.14 Vitamins
5.1.14.1 By Sub Additive
5.1.14.1.1 Vitamin A
5.1.14.1.2 Vitamin B
5.1.14.1.3 Vitamin C
5.1.14.1.4 Vitamin E
5.1.14.1.5 Other Vitamins
5.1.15 Yeast
5.1.15.1 By Sub Additive
5.1.15.1.1 Live Yeast
5.1.15.1.2 Selenium Yeast
5.1.15.1.3 Spent Yeast
5.1.15.1.4 Torula Dried Yeast
5.1.15.1.5 Whey Yeast
5.1.15.1.6 Yeast Derivatives
5.2 Animal
5.2.1 Aquaculture
5.2.1.1 By Sub Animal
5.2.1.1.1 Fish
5.2.1.1.2 Shrimp
5.2.1.1.3 Other Aquaculture Species
5.2.2 Poultry
5.2.2.1 By Sub Animal
5.2.2.1.1 Broiler
5.2.2.1.2 Layer
5.2.2.1.3 Other Poultry Birds
5.2.3 Ruminants
5.2.3.1 By Sub Animal
5.2.3.1.1 Beef Cattle
5.2.3.1.2 Dairy Cattle
5.2.3.1.3 Other Ruminants
5.2.4 Swine
5.2.5 Other Animals
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
6.4.1 Archer Daniel Midland Co.
6.4.2 BASF SE
6.4.3 Cargill Inc.
6.4.4 DSM Nutritional Products AG
6.4.5 IFF(Danisco Animal Nutrition)
6.4.6 Lonza Group Ltd.
6.4.7 Novus International, Inc.
6.4.8 Phibro Animal Health Corporation
6.4.9 SHV (Nutreco NV)
6.4.10 Solvay S.A.
7 KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Global Market Size and DROs
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
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