The global animal feed additives market size was valued at USD 27 billion in 2020 and is projected to reach USD 36 billion by 2026, representing a CAGR of 4.87% during the forecast period. Pet owners are very concerned about their pet health which is driving the demand for premium and organic pet foods in the animal food market.

The report "Feed Additives Market By Type (Amino acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin detoxifiers, Flavors & sweeteners, Antibiotics, Minerals, Antioxidants, Non-protein nitrogen, Phytogenics, Preservatives, and Probiotics), By Livestock (Ruminants, Poultry, Swine, Aquatic animal, others (equine and pets)), and Region - Global Forecast to 2029".

The compound feed industry plays a major part in food chain which provides sustainable and nutritious food. The major forces driving the compound feed market are increase in the use of animal derived products in direct human.