Market Size of asia-pacific feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 11.34 Billion |
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Market Size (2029) | USD 14.38 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 4.86 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
APAC Feed Additive Market Analysis
The Asia-Pacific Feed Additives Market size is estimated at 11.34 billion USD in 2024, and is expected to reach 14.38 billion USD by 2029, growing at a CAGR of 4.86% during the forecast period (2024-2029).
11.34 Billion
Market Size in 2024 (USD)
14.38 Billion
Market Size in 2029 (USD)
7.22 %
CAGR (2017-2023)
4.86 %
CAGR (2024-2029)
Largest Market by Additive
21.40 %
value share, Amino Acids, 2023
Amino acids is the largest segment owing to their benefits and application in animals for different purposes such as gut health, muscle development, and egg formation.
Largest Market by Country
42.15 %
value share, China, 2023
China is the largest market because of the increased livestock population and processed meat consumption due to large meat processing units.
Fastest-growing Market by Additive
5.53 %
Projected CAGR, Antioxidants, 2024-2029
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 Country
5.62 %
Projected CAGR, Thailand, 2024-2029
Thailand is the fastest-growing market due to increased feed production of 24.4% from 2017 to 2022. Amino acids are also highly consumed in the country.
Leading Market Player
6.12 %
market share, DSM Nutritional Products AG, 2022
DSM is leading in the market since it is focused on expanding its market penetration by partnering with regional players such as CPF and Nenter & Co.
- In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in livestock feed in the Asia-Pacific region. Together they accounted for 61.2% of the total feed additives market in terms of value.
- In Asia-Pacific, amino acids are the major additive type consumed. In 2022, amino acids were valued at USD 2,208.9 million, which is expected to reach USD 3,111.7 million in 2029. Among feed amino acids, lysine is one of the most vital amino acids required in animal nutrition. In 2022, it accounted for 33.1% of Asia-Pacific's feed amino acids market in terms of value.
- In the feed additives market, poultry birds are the most consumed animal type in the region. In 2022, the poultry segment accounted for 46.4% of the Asia-Pacific feed additives market in terms of value, followed by swine (32.4%). The high share percentage was associated with an increase in the poultry headcount by 5.6% between 2017 and 2022.
- In Asia-Pacific, China held a major share value of 42.1% in 2022. The high share percentage of China was due to the increase in feed production in the country, from 202.5 million metric tons in 2017 to 243.2 million metric tons in 2022. The increase in feed production led to increased demand for feed additives.
- During the forecast period (2023-2029), poultry is expected to be the fastest-growing segment in the Asia-Pacific feed additives market, registering a CAGR of 5.5%. The growth is attributed to the increasing poultry population and feed production. Due to the importance of feed additives in animal nutrition, the market is anticipated to register an annual growth rate of 4.8% during the forecast period.
Understand The Key Trends Shaping This Market
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- The Asia-Pacific region is currently the largest feed additive market globally. It accounted for 31.3% by value of the global feed additives market in 2022. This market is dominated by China, India, and Japan, which together held about 57.1% of the market share value in the total feed additives market of the region in 2022.
- China, in particular, accounted for a market value of USD 4,356.3 million in 2022, which is expected to reach USD 6,086.6 million in 2029, with an annual growth rate of 4.9%. This high share can be attributed to the high livestock population in the country, with China accounting for 41.0% of the Asia-Pacific's poultry population in 2022. China was also the largest producer of feed in the region, having produced 243.2 million metric tons of compound feed in 2022, accounting for an increase of about 20.1% between 2017-2022.
- On the other hand, India dominated the feed additives market regarding the poultry segment, which represented 62.6% of the market share value among animal types in 2022. The market value for feed additives with respect to poultry increased by 46.1% between 2017 and 2022 due to an increased headcount of 7.1% over the same period.
- In Japan, the total feed production increased from 21.6 million metric tons in 2017 to 24.2 million metric tons in 2029, increasing in demand for feed additives in the country.
- During the forecast period, Indonesia and Thailand are expected to be the fastest-growing countries in the Asia-Pacific's feed additives market, with a projected CAGR of 5.6% due to increased feed production in these countries. However, the overall feed additives market is anticipated to grow at a CAGR of 4.8% during the forecast period in the region.
