Asia - Pacific Feed Additives Market - Analysis of Growth, Trends, and Forecast (2019 - 2024)

The Asia - Pacific feed additives market is segmented by animal type into Ruminant, Swine, Poultry, Aquaculture, and Other Animal Types. The market is segmented by additive type into antibiotics, antioxidants, amino acids, binders, enzymes, minerals, mycotoxin detoxifiers, pigments, vitamins, acidifiers, flavors and sweeteners, prebiotics and probiotics, The market is segmented by geography to include the top markets in the region.

Market Snapshot

snapshot
Study Period:

2015-2024

Base Year:

2018

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The Asia - Pacific feed additives market was valued at USD 10.21 billion in 2018 and is projected to register a robust CAGR of 4.69%, over the forecast period of 2019-2024. The increasing consumption of meat and animal byproducts worldwide and the growth of the meat industry, especially in the emerging economies of Asia-Pacific, such as China and India, are the major drivers of the market studied.

 

Scope of the Report

A feed additive is a supplement that is added to the animal feed to supply necessary nutrients that animals might miss out on from regular meals. Vitamins, amino acids, fatty acids, and minerals are some common feed additives in use.

The end consumers of feed additives are compound feed manufacturers, integrators, farmers, home-mixers, livestock, and the aquaculture industry. Growth in the industrial production of livestock and the processed meat industry is driving the demand for the feed additives market in Asia-Pacific. Issues regarding livestock disease outbreak further necessitate the application of various additives to manage and maintain animal health and wellness.

Additive Type
Antibiotics
Tetracycline
Penicillin
Sulfonamide
Macrolide
Aminoglycoside
Cephalosporin
Other Antibiotics
Vitamins
Vitamin A
Vitamin E
Vitamin B
Vitamin C
Other Vitamins
Antioxidants
BHA
BHT
Ethoxyquin
Other Antioxidants
Amino Acids
Tryptophan
Lysine
Methionine
Threonine
Other Amino Acids
Enzymes
Carbohydrase
Phytase
Other Enzymes
Acidifiers
Lactic Acid
Propionic Acid
Fumaric Acid
Other Acidifiers
Mycotoxin Detoxifiers
Binder
Biotransformer
Prebiotics
Insulin
Fructooligosaccharide
Galactooligosaccharide
Other Prebiotics
Probiotics
Lactobacilli
Bifidobacteria
Other Probiotics
Palatability Enhancers
Flavours
Sweeteners
Pigments
Carotenoids
Curcumin and Spirulina
Binders
Natural
Synthetic
Minerals
Macro Mineral
Micro Mineral
Animal Type
Swine
Poultry
Ruminant
Aquaculture
Other Animal Types
Geography
China
India
Japan
Thailand
Australia
Rest of Asia-Pacific

Report scope can be customized per your requirements. Click here.

Key Market Trends

Changing Demographics in the Asia - Pacific Region

The demand for meat-based food products is increasing in the Asia-Pacific region, especially in China and India, with rapid population growth and economic growth in these regions. This increased demand for meat protein has triggered increased uptake of feed additives and feed enzymes. Apart from improving nutritional value, feed enzymes are gaining importance for their role in meat quality improvement with concern over the environment.

The increase in demand can be attributed to the continuous economic growth of countries in these regions that has led to a change in demographics, food habits, and lifestyle. The impact of globalization and urbanization tend to change the mindset of people in the region, where consumers experiment with their food habits. The food habits and eating patterns have shifted from cereal and vegetable-based to more meat protein based, currently.

Key trends 1

To understand key trends, Download Sample Report

China Leads the Asia - Pacific Market

The Chinese feed additives market was valued at USD 5,162.7 million in 2018 and is expected to reach USD 6,848.8 million by 2024, registering a CAGR of 4.85%, during the forecast period.

Chinese animal feed additive industry is heavily influenced by the governmental initiatives (the country’s efforts to modernize and find efficiencies in its structure and practices). Increasing demand for meat and animal products to meet the protein needs of the growing population of 1.38 billion is considered as the major driver for the Chinese animal feed additive market.

Picture1

To understand geography trends, Download Sample Report

Competitive Landscape

The Asia-Pacific feed additives market is highly concentrated, with the top ten companies accounting for more than 50.0% of the market share. The leading players in the market are focused on business expansion and are targeting emerging communities like Vietnam, Philippines, etc., by either investing in a new production unit or acquiring established small players in the region. Investment in the R&D activities to introduce new useful products is another strategy adopted by manufacturers to stay ahead of the competition in the matured markets of North America and Europe.

Key players like BASF, Bio-Vet JSC, Cargill Inc., Kemin Industries, Novozymes, and Alltech occupying 92% of the market. These companies majorly focus on expanding their business, primarily in developing countries like India and Thailand. Moreover, there is an increase in their investment in R&D activities for launching new products with better, latest, and new features

Major Players

  1. BASF
  2. Cargill Inc
  3. Kemin Industries
  4. Alltech
  5. Bio-Vet JSC

* Complete list of players covered available in the table of contents below

CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Additive Type

      1. 5.1.1 Antibiotics

        1. 5.1.1.1 Tetracycline

        2. 5.1.1.2 Penicillin

        3. 5.1.1.3 Sulfonamide

        4. 5.1.1.4 Macrolide

        5. 5.1.1.5 Aminoglycoside

        6. 5.1.1.6 Cephalosporin

        7. 5.1.1.7 Other Antibiotics

      2. 5.1.2 Vitamins

        1. 5.1.2.1 Vitamin A

        2. 5.1.2.2 Vitamin E

        3. 5.1.2.3 Vitamin B

        4. 5.1.2.4 Vitamin C

        5. 5.1.2.5 Other Vitamins

      3. 5.1.3 Antioxidants

        1. 5.1.3.1 BHA

        2. 5.1.3.2 BHT

        3. 5.1.3.3 Ethoxyquin

        4. 5.1.3.4 Other Antioxidants

      4. 5.1.4 Amino Acids

        1. 5.1.4.1 Tryptophan

        2. 5.1.4.2 Lysine

        3. 5.1.4.3 Methionine

        4. 5.1.4.4 Threonine

        5. 5.1.4.5 Other Amino Acids

      5. 5.1.5 Enzymes

        1. 5.1.5.1 Carbohydrase

        2. 5.1.5.2 Phytase

        3. 5.1.5.3 Other Enzymes

      6. 5.1.6 Acidifiers

        1. 5.1.6.1 Lactic Acid

        2. 5.1.6.2 Propionic Acid

        3. 5.1.6.3 Fumaric Acid

        4. 5.1.6.4 Other Acidifiers

      7. 5.1.7 Mycotoxin Detoxifiers

        1. 5.1.7.1 Binder

        2. 5.1.7.2 Biotransformer

      8. 5.1.8 Prebiotics

        1. 5.1.8.1 Insulin

        2. 5.1.8.2 Fructooligosaccharide

        3. 5.1.8.3 Galactooligosaccharide

        4. 5.1.8.4 Other Prebiotics

      9. 5.1.9 Probiotics

        1. 5.1.9.1 Lactobacilli

        2. 5.1.9.2 Bifidobacteria

        3. 5.1.9.3 Other Probiotics

      10. 5.1.10 Palatability Enhancers

        1. 5.1.10.1 Flavours

        2. 5.1.10.2 Sweeteners

      11. 5.1.11 Pigments

        1. 5.1.11.1 Carotenoids

        2. 5.1.11.2 Curcumin and Spirulina

      12. 5.1.12 Binders

        1. 5.1.12.1 Natural

        2. 5.1.12.2 Synthetic

      13. 5.1.13 Minerals

        1. 5.1.13.1 Macro Mineral

        2. 5.1.13.2 Micro Mineral

    2. 5.2 Animal Type

      1. 5.2.1 Swine

      2. 5.2.2 Poultry

      3. 5.2.3 Ruminant

      4. 5.2.4 Aquaculture

      5. 5.2.5 Other Animal Types

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 Thailand

      5. 5.3.5 Australia

      6. 5.3.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Adisseo France SaS

      2. 6.3.2 BASF SE

      3. 6.3.3 Danisco AS

      4. 6.3.4 Novozymes AS

      5. 6.3.5 Alltech Inc.

      6. 6.3.6 Archer Daniels Midland Co. (ADM)

      7. 6.3.7 Biovet JSC

      8. 6.3.8 Cargill Inc.

      9. 6.3.9 Chr. Hansen Inc.

      10. 6.3.10 DSM Nutritional Products Inc.

      11. 6.3.11 Elanco Animal Health Inc.

      12. 6.3.12 Evonik Industries AG

      13. 6.3.13 InVivo NSA SA

      14. 6.3.14 Kemin Industries Inc.

      15. 6.3.15 ADDCON Group

      16. 6.3.16 Novus International Inc.

      17. 6.3.17 Nutreco NV

      18. 6.3.18 Pfizer Animal Health

      19. 6.3.19 Phibro Animal Health Corp.

      20. 6.3.20 Provimi Holding BV

      21. 6.3.21 Tessenderlo Group

      22. 6.3.22 Balchem Corp.

      23. 6.3.23 Lallemand Inc.

      24. 6.3.24 Qualitech Inc.

      25. 6.3.25 Zinpro Corporation

      26. 6.3.26 Avebe UA

      27. 6.3.27 Beneo GmbH

      28. 6.3.28 Borregaard

      29. 6.3.29 CP Kelco

      30. 6.3.30 Ajinomoto Co. Inc.

      31. 6.3.31 Ingredion Incorporated

      32. 6.3.32 The Roquette Group

      33. 6.3.33 Uniscope Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information