Report Overview

Australia and New Zealand Animal Feed Additives Market - Industry Trends & Forecast Report, 2030

The Australia and New Zealand Animal Feed Additives Market size was estimated to be worth USD 9.82 billion in 2023. During the forecast period between 2024 and 2030, the Australia and New Zealand Animal Feed Additives Market size is projected to grow at a CAGR of 6.14%, reaching a value of USD 12.11 billion by 2030. Major growth factors for the Australia and New Zealand Animal Feed Additives Market include rising meat consumption and the increasing prevalence of zoonotic diseases.

By volume, the Australia and New Zealand Animal Feed Additives Market size was estimated at 2.46 million tons in 2023. During the forecast period between 2024 and 2030, the Australia and New Zealand Animal Feed Additives Market size is expected to expand at a CAGR of 7.30%, reaching a volume of 3.75 million tons by 2030. Growing consumer awareness and concerns and stringent government regulations surrounding meat quality and safety are anticipated to drive the Australia and New Zealand Animal Feed Additives Market during the period in analysis.

Animal Feed Additives – Overview

Feed additives play a significant role in animal nutrition by enhancing feed quality, animal health, and the yield and quality of food derived from animals. Their primary function is to boost feed efficiency, but they may also accelerate ruminant growth rates on a high-roughage diet. Enhancing the digestibility of feed ingredients and serving as an addition for farm animals whose usual diets lack appropriate nutrients also enhances the health and performance of the animals. In animal rations, some of the most often utilized feed additives include colors, pro- and prebiotics, antioxidants, and antibiotic growth promoters.

Australia and New Zealand Animal Feed Additives Market

Growth Drivers

Increasing Demand for Meat and other Animal-based Products

The rising meat consumption and demand for other animal-based products in Australia and New Zealand is propelling the animal husbandry industry, which in turn is driving the demand for animal feed additives in the region. According to estimates, the per capita meat consumption in Australia and New Zealand is 106.8 kilograms and 73.6 kilograms, respectively. Additionally, rising health consciousness among consumers is influencing the demand for animal-based products, including dairy products such as milk. The increasing GDP and disposable income of consumers is mainly attributed to surging meat consumption.

Challenges

Stringent Government Regulations on Certain Additives

With the rising use of animal feed additives, concerns surrounding its impact on human health are also rising. As a result, governing bodies of several regions are imposing strict regulations on these additives to regulate their usage. Several countries have already banned the use of antibiotic-based feed additives. According to a paper published in the National Center for Biotechnology Information, the usage of antibiotics in food animals breeds microbes resistant to human antibiotics, which might infect people through food and lead to the growth-promoter ban.

Australia and New Zealand Animal Feed Additives Market

Segmental Coverage

Australia and New Zealand Animal Feed Additives Market – By Additive Type

Based on additive type, the Australia and New Zealand Animal Feed Additives Market is segmented into amino acids, antioxidants, feed enzymes, feed acidifiers, vitamins, minerals, binders, antibiotics, and others (sweeteners and flavors). The amino acid segment holds the largest share in the Australia and New Zealand Animal Feed Additives Market. Amino acids improve feed efficiency, enabling physiological development in animals. Higher productivity and greater fertility in cattle with better physiological growth are the results of improved nutrition utilization, which also reduces the prevalence of illness.

Australia and New Zealand Animal Feed Additives Market – By Form

Based on form, the Australia and New Zealand Animal Feed Additives Market is segmented into dry, liquid, and others. The dry segment holds the largest share in the Australia and New Zealand Animal Feed Additives Market. Dry feed additives are easier to carry, transport, and store compared to liquid products and have lower chances of contamination and leakage, which may result in significant losses to farmers. Furthermore, dry products are also cost effective, which plays a crucial role in driving market growth. However, liquid animal feed additives are also anticipated to witness a significant growth rate during the forecast period as they are more convenient to mix in the feed.

Australia and New Zealand Animal Feed Additives Market – By Function

Based on function, the Australia and New Zealand Animal Feed Additives Market is segmented into single function and multi-function. The multi-function segment accounts for the higher share of the market by function.

Australia and New Zealand Animal Feed Additives Market – By Country

The in-depth research report on the Australia and New Zealand Animal Feed Additives Market covers the market in Australia and New Zealand. Australia dominates the Australia and New Zealand animal feed additives market. Together with India and Brazil, Australia is one of the world's top livestock producers, which has a direct impact on the demand for animal feed additives in the nation. New Zealand holds a significant portion of the market. Australia was given a 'C' rating in the Animal Protection Index, whereas New Zealand obtained the highest 'A' rating from the UK-based World Animal Protection (WAP) Organization.

Competitive Landscape

Major players operating in the Australia and New Zealand Animal Feed Additives Market include Ridley Corporation Limited, Alltech, Kemin Industries, Inc, Dsm-Firmenich, Zagro, BEC Feed Solutions Pty Ltd, Reid Stockfeeds, Nutrinza, ADM, and Nutritech International Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In August 2023 – CH4 Global, a climate tech company based in Australia, announced that it had raised the first close (USD 29 million) of a USD 45 million series B round.

Scope of the Report

By Additive Type

• Amino Acids

• Antioxidants

• Feed Enzymes

• Feed Acidifiers

• Vitamins

• Minerals

• Binders

• Antibiotics

• Others (Sweeteners, Flavors)

By Livestock

• Swine

• Ruminants

• Poultry

• Aquatic Animals

• Others

By Form

• Dry

• Liquid

• Others

By Function

• Single Function

• Multi-function

By Country

• Australia

• New Zealand

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Australia and New Zealand Animal Feed Additives Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Demand for Meat and Meat-Based Products
         2. Rising Consumer Awareness about the Disease Caused by Livestock Animals
         3. Growing Organic Farming Segment
      2. Restraints
         1. Increase in Prices of Raw Materials such as Maize, Wheat, Barley, and Others
         2. Growing Demand for Plant-Based Proteins
      3. Opportunities
         1. Rising Consumption of Poultry Meat
         2. Rising Prominence of Probiotics in Animal Feed Additives
      4. Challenges
         1. Consumer Scepticism
         2. Stringent Regulatory Guidelines for Feed Additives
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Australia and New Zealand Animal Feed Additives Market Overview: Marketing Strategies
5. Australia and New Zealand Animal Feed Additives Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share and Forecast
      1. By Additive Type
         1. Amino Acids
         2. Antioxidants
         3. Feed Enzymes
         4. Feed Acidifiers
         5. Vitamins
         6. Minerals
         7. Binders
         8. Antibiotics
         9. Others (Sweeteners and Flavors)
      2. By Livestock
         1. Swine
         2. Ruminants
         3. Poultry
         4. Aquatic Animals
         5. Others
      3. By Form
         1. Dry
         2. Liquid
         3. Others
      4. By Function
         1. Single Function
         2. Multi-function
      5. By Country
         1. Australia
         2. New Zealand
6. Australia Animal Feed Additives Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million tons)
   2. Market Share & Forecast
      1. By Additive Type
      2. By Livestock
      3. By Form
      4. By Function
7. New Zealand Animal Feed Additives Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million tons)
   2. Market Share & Forecast
      1. By Additive Type
      2. By Livestock
      3. By Form
      4. By Function
8. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Australia and New Zealand Animal Feed Additives Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
9. Impact of Escalating Geopolitical Tensions on Australia and New Zealand Animal Feed Additives Market
10. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Ridley Corporation Limited
    2. Alltech
    3. Kemin Industries, Inc
    4. Dsm-Firmenich
    5. Zagro
    6. BEC Feed Solutions Pty Ltd
    7. Reid Stockfeeds
    8. Nutrinza
    9. ADM
    10. Nutritech International Ltd
    11. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Australia and New Zealand Animal Feed Additives Segmentation

Figure 2       Australia and New Zealand Animal Feed Additives Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Australia and New Zealand Animal Feed Additives Market Size, By Value (USD Billion), 2019–2030

Figure 5       Australia and New Zealand Animal Feed Additives Market Size, By Volume (Million Tons), 2019–2030

Figure 6       Australia and New Zealand Animal Feed Additives Market Share, By Additive Type, By Value, 2019–2030

Figure 7       Australia and New Zealand Animal Feed Additives Market Share, By Additive Type, By Volume (Million Tons), 2019–2030

Figure 8       Australia and New Zealand Animal Feed Additives Market Share, By Livestock, By Value, 2019–2030

Figure 9       Australia and New Zealand Animal Feed Additives Market Share, By Livestock, By Volume (Million Tons), 2019–2030

Figure 10     Australia and New Zealand Animal Feed Additives Market Share, By Form, By Value, 2019–2030

Figure 11     Australia and New Zealand Animal Feed Additives Market Share, By Form, By Volume (Million Tons), 2019–2030

Figure 12     Australia and New Zealand Animal Feed Additives Market Share, By Function Industry, By Value, 2019–2030

Figure 13     Australia and New Zealand Animal Feed Additives Market Share, By Function Industry, By Volume (Million Tons), 2019–2030

Figure 14     Australia and New Zealand Animal Feed Additives Market Share, By Country, By Value, 2019–2030

Figure 15     Australia and New Zealand Animal Feed Additives Market Share, By Country, By Volume (Million Tons), 2019–2030

Figure 16     Australia Animal Feed Additives Market Size, By Value (USD Billion), 2019–2030

Figure 17     Australia Animal Feed Additives Market Size, By Volume (Million Tons), 2019–2030

Figure 18     Australia Animal Feed Additives Market Share, By Additive Type, By Value, 2019–2030

Figure 19     Australia Animal Feed Additives Market Share, By Additive Type, By Volume (Million Tons), 2019–2030

Figure 20     Australia Animal Feed Additives Market Share, By Livestock, By Value, 2019–2030

Figure 21     Australia Animal Feed Additives Market Share, By Livestock, By Volume (Million Tons), 2019–2030

Figure 22     Australia Animal Feed Additives Market Share, By Form, By Value, 2019–2030

Figure 23     Australia Animal Feed Additives Market Share, By Form, By Volume (Million Tons), 2019–2030

Figure 24     Australia Animal Feed Additives Market Share, By Function Industry, By Value, 2019–2030

Figure 25     Australia Animal Feed Additives Market Share, By Function Industry, By Volume (Million Tons), 2019–2030

Figure 26     New Zealand Animal Feed Additives Market Size, By Value (USD Billion), 2019–2030

Figure 27     New Zealand Animal Feed Additives Market Size, By Volume (Million Tons), 2019–2030

Figure 28     New Zealand Animal Feed Additives Market Share, By Additive Type, By Value, 2019–2030

Figure 29     New Zealand Animal Feed Additives Market Share, By Additive Type, By Volume (Million Tons), 2019–2030

Figure 30     New Zealand Animal Feed Additives Market Share, By Livestock, By Value, 2019–2030

Figure 31     New Zealand Animal Feed Additives Market Share, By Livestock, By Volume (Million Tons), 2019–2030

Figure 32     New Zealand Animal Feed Additives Market Share, By Form, By Value, 2019–2030

Figure 33     New Zealand Animal Feed Additives Market Share, By Form, By Volume (Million Tons), 2019–2030

Figure 34     New Zealand Animal Feed Additives Market Share, By Function Industry, By Value, 2019–2030

Figure 35     New Zealand Animal Feed Additives Market Share, By Function Industry, By Volume (Million Tons), 2019–2030

List of Table

Table 1         Australia and New Zealand Animal Feed Additives Market Size, By Value (USD Billion), 2019–2030

Table 2         Australia and New Zealand Animal Feed Additives Market Size, By Volume (Million Tons), 2019–2030

Table 3         Australia and New Zealand Animal Feed Additives Market Share, By Additive Type, By Value, 2019–2030

Table 4         Australia and New Zealand Animal Feed Additives Market Share, By Additive Type, By Volume (Million Tons), 2019–2030

Table 5         Australia and New Zealand Animal Feed Additives Market Share, By Livestock, By Value, 2019–2030

Table 6         Australia and New Zealand Animal Feed Additives Market Share, By Livestock, By Volume (Million Tons), 2019–2030

Table 7         Australia and New Zealand Animal Feed Additives Market Share, By Form, By Value, 2019–2030

Table 8         Australia and New Zealand Animal Feed Additives Market Share, By Form, By Volume (Million Tons), 2019–2030

Table 9         Australia and New Zealand Animal Feed Additives Market Share, By Function Industry, By Value, 2019–2030

Table 10       Australia and New Zealand Animal Feed Additives Market Share, By Function Industry, By Volume (Million Tons), 2019–2030

Table 11       Australia and New Zealand Animal Feed Additives Market Share, By Country, By Value, 2019–2030

Table 12       Australia and New Zealand Animal Feed Additives Market Share, By Country, By Volume (Million Tons), 2019–2030

Table 13       Australia Animal Feed Additives Market Size, By Value (USD Billion), 2019–2030

Table 14       Australia Animal Feed Additives Market Size, By Volume (Million Tons), 2019–2030

Table 15       Australia Animal Feed Additives Market Share, By Additive Type, By Value, 2019–2030

Table 16       Australia Animal Feed Additives Market Share, By Additive Type, By Volume (Million Tons), 2019–2030

Table 17       Australia Animal Feed Additives Market Share, By Livestock, By Value, 2019–2030

Table 18       Australia Animal Feed Additives Market Share, By Livestock, By Volume (Million Tons), 2019–2030

Table 19       Australia Animal Feed Additives Market Share, By Form, By Value, 2019–2030

Table 20       Australia Animal Feed Additives Market Share, By Form, By Volume (Million Tons), 2019–2030

Table 21       Australia Animal Feed Additives Market Share, By Function Industry, By Value, 2019–2030

Table 22       Australia Animal Feed Additives Market Share, By Function Industry, By Volume (Million Tons), 2019–2030

Table 23       New Zealand Animal Feed Additives Market Size, By Value (USD Billion), 2019–2030

Table 24       New Zealand Animal Feed Additives Market Size, By Volume (Million Tons), 2019–2030

Table 25       New Zealand Animal Feed Additives Market Share, By Additive Type, By Value, 2019–2030

Table 26       New Zealand Animal Feed Additives Market Share, By Additive Type, By Volume (Million Tons), 2019–2030

Table 27       New Zealand Animal Feed Additives Market Share, By Livestock, By Value, 2019–2030

Table 28       New Zealand Animal Feed Additives Market Share, By Livestock, By Volume (Million Tons), 2019–2030

Table 29       New Zealand Animal Feed Additives Market Share, By Form, By Value, 2019–2030

Table 30       New Zealand Animal Feed Additives Market Share, By Form, By Volume (Million Tons), 2019–2030

Table 31       New Zealand Animal Feed Additives Market Share, By Function Industry, By Value, 2019–2030

Table 32       New Zealand Animal Feed Additives Market Share, By Function Industry, By Volume (Million Tons), 2019–2030

Table 33       Ridley Corporation Limited Company Overview

Table 34       Ridley Corporation Limited Financial Overview

Table 35       Alltech Company Overview

Table 36       Alltech Financial Overview

Table 37       Kemin Industries, Inc Company Overview

Table 38       Kemin Industries, Inc Financial Overview

Table 39       Dsm-Firmenich Company Overview

Table 40       Dsm-Firmenich Financial Overview

Table 41       Zagro Company Overview

Table 42       Zagro Financial Overview

Table 43       BEC Feed Solutions Pty Ltd Company Overview

Table 44       BEC Feed Solutions Pty Ltd Financial Overview

Table 45       Reid Stockfeeds Company Overview

Table 46       Reid Stockfeeds Financial Overview

Table 47       Nutrinza Company Overview

Table 48       Nutrinza Financial Overview

Table 49       ADM Company Overview

Table 50       ADM Financial Overview

Table 51       Nutritech International Ltd Company Overview

Table 52       Nutritech International Ltd Financial Overview

Table 53       Other Prominent Players Company Overview

Table 54       Other Prominent Players Financial Overview