Australia Animal Feed Additive Market (2023-2029) | Share, Analysis, Trends, Industry, Revenue, Growth, Size, Forecast, Segmentation, Outlook & COVID-19 IMPACT

Australia Animal Feed Additive Market | Country-Wise Share and Competition Analysis

In the year 2021, the USA  was the largest exporter in terms of value, followed by China. It has registered a growth of 1.77% over the previous year. While China registered a growth of 86.88% as compared to the previous year. In the year 2017, the UK was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1793 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  777 which signifies high competitiveness in the market.

Australia Animal Feed Additive Market - Export Market Opportunities

Topics Covered in the Australia Animal Feed Additive Market

Australia Animal Feed Additive Market report thoroughly covers the market by additive type, by livestock, by form, and by function. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Animal Feed Additive Market Synopsis

Australia Animal Feed Additive Market is estimated to gain momentum in the country owing to the Animal-based products such as meat, milk, and eggs demand increasing the growing population in the country. Additionally, the rising shift towards natural feed additives than traditional chemically produced feed additives with increasing awareness about animal health.

According to 6Wresearch, the Australia Animal Feed Additive Market size is projected to witness considerable growth during 2023-2029. The market is driven by a rise in the health-conscious population seek for organic & clean animal meat which further accelerates the demand for organic feed additives. Furthermore, rising environmental concerns, hence the demand for organic and natural feed additives are gaining popularity and are further resulting in a massive surge in market growth. However, strict regulations create issues at times of approval to innovate new feed additives products, and price volatility due to raw material price fluctuations are some challenges that hamper the market growth. In response to these challenges, the market still holds a huge potential to grow significantly the advancements in technology advancements have resulted in improved efficiency in production, and using quality controlling measures are ongoing trend likely o boost the Australia Animal Feed Additive Market growth.

COVID-19 Impact on the Australia Animal Feed Additive Market

The outburst of COVID-19 had left an adverse impact on the Australia Animal Feed Additive industry. Restriction on trade practices had affected the logistics which further resulted in delays in the supply of raw materials and led to a slowdown in the manufacturing of feed additives. All these measures caused by the pandemic lockdown resulted in a major disruption in the agriculture sector for the short term. Additionally, financial constraints were also the next reason that affected the purchase of the products due to low purchasing power.

Key Players in the Australia Animal Feed Additive Market

Australia Animal Feed Additive Market is highly competitive with the presence of many well-renowned players in the country who are investing in R&D to innovate feed additive products. Some of them are mentioned below:

• Cargill Inc.
• Evonik Industries AG 
• Alltech Inc.
• DSM Nutritional Products AG 
• Kemin Industries Inc.
• Novozymes A/S

These companies have gained popularity in the country with their massive market presence and still are expanding their product portfolio to cater to diverse customers’ needs.

Market Analysis by Additive Type

Based on additive type, all additive types are dominating Australia Animal Feed Additive Market revenue due to all having their unique properties like Enzymes for better digestion and vitamins & minerals for better body function.

Market Analysis by Livestock

Based on livestock, each livestock sector including, Swine, Ruminants, Poultry, and Aquatic Animals experiencing growth by accelerating demand for feed additives at a rapid pace.

Market Analysis by Form

Based on form, both dry and liquid feed additives in the market are influenced by various drivers such as feed formulation practices, and availability of raw materials.  The different types of needs of the animals, and feed processing methods are the major drivers of the forms.

Market Analysis by Function

According to Shivankar, Research Manager, 6Wresearch, single function, and multifunctional feed additives both are gaining traction in the market which are dependent upon different factors like evolving industry needs, and the easy offering of different types of feed additives in the country.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Australia Animal Feed Additive Market Outlook
• Market Size of Australia Animal Feed Additive Market, 2022
• Forecast of Australia Animal Feed Additive Market, 2029
• Historical Data and Forecast of Australia Animal Feed Additive Revenues & Volume for the Period 2019 - 2029
• Australia Animal Feed Additive Market Trend Evolution
• Australia Animal Feed Additive Market Drivers and Challenges
• Australia Animal Feed Additive Price Trends
• Australia Animal Feed Additive Porter's Five Forces
• Australia Animal Feed Additive Industry Life Cycle
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Additive Type for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Amino acids for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Antioxidants for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Feed enzymes for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Feed acidifiers for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Vitamins for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Minerals for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Antibiotics for the Period 2019 - 2029
• Historical Data and Forecast of Australia Amino acids Animal Feed Additive Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Livestock for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Swine for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Ruminants for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Poultry for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Aquatic Animals for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Form for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Dry for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Liquid for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Single Function for the Period 2019 - 2029
• Historical Data and Forecast of Australia Animal Feed Additive Market Revenues & Volume By Multifunction for the Period 2019 - 2029
• Australia Animal Feed Additive Import Export Trade Statistics
• Market Opportunity Assessment By Additive Type
• Market Opportunity Assessment By Livestock
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Function
• Australia Animal Feed Additive Top Companies Market Share
• Australia Animal Feed Additive Competitive Benchmarking By Technical and Operational Parameters
• Australia Animal Feed Additive Company Profiles
• Australia Animal Feed Additive Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Additive Type

• Amino Acids
• Antioxidants
• Feed Enzymes
• Feed Acidifiers
• Vitamins
• Minerals
• Antibiotics
• Others

By Livestock

• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others

By Form

• Dry
• Liquid
• Others

By Function

• Single Function
• Multifunction