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Australia Feed Additives Market Size

The Australia Feed Additives Market is projected to experience growth over the forecast period, driven by the increasing demand for various types of feed additives such as amino acids, binders, minerals, and probiotics. These additives play a crucial role in enhancing animal nutrition, improving gut health, and boosting meat production. Amino acids, particularly lysine and methionine, hold a significant portion of the market due to their effectiveness. Synthetic feed binders are essential for disease prevention and improving digestion, while antioxidants are anticipated to be the fastest-growing segment, contributing to the overall expansion of the market. The poultry sector, with its substantial feed intake, represents a major portion of the market share, further influencing the market's growth trajectory.

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Market Size of australia feed additives Industry

Australia Feed Additives Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 234.71 Million
svg icon Market Size (2029) USD 296.52 Million
svg icon Largest Share by Additive Amino Acids
svg icon CAGR (2024 - 2029) 4.79 %
svg icon Fastest Growing by Additive Antioxidants
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Australia Feed Additives Market Analysis

The Australia Feed Additives Market size is estimated at 234.71 million USD in 2024, and is expected to reach 296.52 million USD by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).

234.71 Million

Market Size in 2024 (USD)

296.52 Million

Market Size in 2029 (USD)

3.68 %

CAGR (2017-2023)

4.79 %

CAGR (2024-2029)

Largest Market by Additive

24.05 %

value share, Amino Acids, 2023

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Amino acids are the largest segment due to their benefits to animals and their characteristics, such as providing good gut health, muscle development, and egg formation.

Largest Market by Animal

52.13 %

value share, Poultry, 2023

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Poultry is the largest segment, as poultry feed is largely produced due to high poultry production and the high demand for poultry meat and products.

Fastest-growing Market by Additive

5.59 %

Projected CAGR, Antioxidants, 2024-2029

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The segment for antioxidants is the fastest-growing segment due to benefits such as an increase in the shelf life of feed, limiting the production of toxic metabolites, and providing protein.

Fastest-growing Market by Animal

5.90 %

Projected CAGR, Ruminants, 2024-2029

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Ruminants are the fastest-growing animal segment due to the increasing animal population, increasing demand for milk, and the health benefits of feed additives.

Leading Market Player

12.09 %

market share, IFF(Danisco Animal Nutrition), 2022

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IFF is the market leader as the company is expanding its regional product portfolio by launching new products. For instance, it launched Axtra Phy.

  • 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

Australia Feed Additives Industry Segmentation Australia Feed Additives Industry Segmentation

Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast are covered as segments by Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal.

  • 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.
Additive
Acidifiers
By Sub Additive
Fumaric Acid
Lactic Acid
Propionic Acid
Other Acidifiers
Amino Acids
By Sub Additive
Lysine
Methionine
Threonine
Tryptophan
Other Amino Acids
Antibiotics
By Sub Additive
Bacitracin
Penicillins
Tetracyclines
Tylosin
Other Antibiotics
Antioxidants
By Sub Additive
Butylated Hydroxyanisole (BHA)
Butylated Hydroxytoluene (BHT)
Citric Acid
Ethoxyquin
Propyl Gallate
Tocopherols
Other Antioxidants
Binders
By Sub Additive
Natural Binders
Synthetic Binders
Enzymes
By Sub Additive
Carbohydrases
Phytases
Other Enzymes
Flavors & Sweeteners
By Sub Additive
Flavors
Sweeteners
Minerals
By Sub Additive
Macrominerals
Microminerals
Mycotoxin Detoxifiers
By Sub Additive
Binders
Biotransformers
Phytogenics
By Sub Additive
Essential Oil
Herbs & Spices
Other Phytogenics
Pigments
By Sub Additive
Carotenoids
Curcumin & Spirulina
Prebiotics
By Sub Additive
Fructo Oligosaccharides
Galacto Oligosaccharides
Inulin
Lactulose
Mannan Oligosaccharides
Xylo Oligosaccharides
Other Prebiotics
Probiotics
By Sub Additive
Bifidobacteria
Enterococcus
Lactobacilli
Pediococcus
Streptococcus
Other Probiotics
Vitamins
By Sub Additive
Vitamin A
Vitamin B
Vitamin C
Vitamin E
Other Vitamins
Yeast
By Sub Additive
Live Yeast
Selenium Yeast
Spent Yeast
Torula Dried Yeast
Whey Yeast
Yeast Derivatives
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
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Australia Feed Additives Market Size Summary

The Australian feed additives market is poised for steady growth, driven by the increasing demand for animal nutrition solutions. Key components such as amino acids, binders, minerals, and probiotics dominate the market, with amino acids like lysine and methionine being particularly significant due to their benefits in enhancing gut health and meat production. Synthetic feed binders are crucial for improving animal digestion and nutrition intake, holding a substantial share of the market. The poultry sector is a major consumer of these additives, reflecting the high feed intake and production levels in the country. Antioxidants are emerging as a rapidly growing segment, valued for their role in prolonging feed shelf life and improving nutrient availability.

The poultry industry in Australia is experiencing robust growth, supported by rising domestic consumption and increasing export demand. Despite challenges such as disease outbreaks, the sector has shown resilience and continues to expand. The aquaculture industry also contributes to the market's growth, with significant increases in aquatic feed production and seafood consumption. This trend is expected to continue, driven by the need to meet the nutritional demands of a growing population. The market is moderately consolidated, with major players like DSM Nutritional Products AG and IFF (Danisco Animal Nutrition) leading the charge. Recent strategic acquisitions and collaborations aim to enhance feed additive offerings and expand global presence, further fueling market growth.

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Australia Feed Additives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Additive

      1. 1.1.1 Acidifiers

        1. 1.1.1.1 By Sub Additive

          1. 1.1.1.1.1 Fumaric Acid

          2. 1.1.1.1.2 Lactic Acid

          3. 1.1.1.1.3 Propionic Acid

          4. 1.1.1.1.4 Other Acidifiers

      2. 1.1.2 Amino Acids

        1. 1.1.2.1 By Sub Additive

          1. 1.1.2.1.1 Lysine

          2. 1.1.2.1.2 Methionine

          3. 1.1.2.1.3 Threonine

          4. 1.1.2.1.4 Tryptophan

          5. 1.1.2.1.5 Other Amino Acids

      3. 1.1.3 Antibiotics

        1. 1.1.3.1 By Sub Additive

          1. 1.1.3.1.1 Bacitracin

          2. 1.1.3.1.2 Penicillins

          3. 1.1.3.1.3 Tetracyclines

          4. 1.1.3.1.4 Tylosin

          5. 1.1.3.1.5 Other Antibiotics

      4. 1.1.4 Antioxidants

        1. 1.1.4.1 By Sub Additive

          1. 1.1.4.1.1 Butylated Hydroxyanisole (BHA)

          2. 1.1.4.1.2 Butylated Hydroxytoluene (BHT)

          3. 1.1.4.1.3 Citric Acid

          4. 1.1.4.1.4 Ethoxyquin

          5. 1.1.4.1.5 Propyl Gallate

          6. 1.1.4.1.6 Tocopherols

          7. 1.1.4.1.7 Other Antioxidants

      5. 1.1.5 Binders

        1. 1.1.5.1 By Sub Additive

          1. 1.1.5.1.1 Natural Binders

          2. 1.1.5.1.2 Synthetic Binders

      6. 1.1.6 Enzymes

        1. 1.1.6.1 By Sub Additive

          1. 1.1.6.1.1 Carbohydrases

          2. 1.1.6.1.2 Phytases

          3. 1.1.6.1.3 Other Enzymes

      7. 1.1.7 Flavors & Sweeteners

        1. 1.1.7.1 By Sub Additive

          1. 1.1.7.1.1 Flavors

          2. 1.1.7.1.2 Sweeteners

      8. 1.1.8 Minerals

        1. 1.1.8.1 By Sub Additive

          1. 1.1.8.1.1 Macrominerals

          2. 1.1.8.1.2 Microminerals

      9. 1.1.9 Mycotoxin Detoxifiers

        1. 1.1.9.1 By Sub Additive

          1. 1.1.9.1.1 Binders

          2. 1.1.9.1.2 Biotransformers

      10. 1.1.10 Phytogenics

        1. 1.1.10.1 By Sub Additive

          1. 1.1.10.1.1 Essential Oil

          2. 1.1.10.1.2 Herbs & Spices

          3. 1.1.10.1.3 Other Phytogenics

      11. 1.1.11 Pigments

        1. 1.1.11.1 By Sub Additive

          1. 1.1.11.1.1 Carotenoids

          2. 1.1.11.1.2 Curcumin & Spirulina

      12. 1.1.12 Prebiotics

        1. 1.1.12.1 By Sub Additive

          1. 1.1.12.1.1 Fructo Oligosaccharides

          2. 1.1.12.1.2 Galacto Oligosaccharides

          3. 1.1.12.1.3 Inulin

          4. 1.1.12.1.4 Lactulose

          5. 1.1.12.1.5 Mannan Oligosaccharides

          6. 1.1.12.1.6 Xylo Oligosaccharides

          7. 1.1.12.1.7 Other Prebiotics

      13. 1.1.13 Probiotics

        1. 1.1.13.1 By Sub Additive

          1. 1.1.13.1.1 Bifidobacteria

          2. 1.1.13.1.2 Enterococcus

          3. 1.1.13.1.3 Lactobacilli

          4. 1.1.13.1.4 Pediococcus

          5. 1.1.13.1.5 Streptococcus

          6. 1.1.13.1.6 Other Probiotics

      14. 1.1.14 Vitamins

        1. 1.1.14.1 By Sub Additive

          1. 1.1.14.1.1 Vitamin A

          2. 1.1.14.1.2 Vitamin B

          3. 1.1.14.1.3 Vitamin C

          4. 1.1.14.1.4 Vitamin E

          5. 1.1.14.1.5 Other Vitamins

      15. 1.1.15 Yeast

        1. 1.1.15.1 By Sub Additive

          1. 1.1.15.1.1 Live Yeast

          2. 1.1.15.1.2 Selenium Yeast

          3. 1.1.15.1.3 Spent Yeast

          4. 1.1.15.1.4 Torula Dried Yeast

          5. 1.1.15.1.5 Whey Yeast

          6. 1.1.15.1.6 Yeast Derivatives

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

Australia Feed Additives Market Size FAQs

The Australia Feed Additives Market size is expected to reach USD 234.71 million in 2024 and grow at a CAGR of 4.79% to reach USD 296.52 million by 2029.

In 2024, the Australia Feed Additives Market size is expected to reach USD 234.71 million.

Australia Feed Additives Market Report Snapshots

Australia Feed Additives Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2029