Asia-Pacific Feed Amino Acids Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia Pacific Feed Amino Acids Market is segmented by Type (Tryptophan, Lysine, Methionine, Threonine, and Other Types), Animal Type (Ruminant, Poultry, and Swine) in the countries like China, India, Japan, Australia, Thailand and Rest of Asia Pacific.

Market Snapshot

Market Overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 2.7 %

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Market Overview

The Asia Pacific feed amino acids market is projected to register a CAGR of 2.7% during the forecast period 2020-2025. Amino acids are an important additive to enhance the quality and productivity of animal products and consequently for the growing meat industry, which is driven by the increasing demand for animal-derived protein, increasing awareness among people toward safety and quality of meat, and recent disease outbreaks in livestock. Amino acids have been used in animal feeds for many decades now because of their contribution to animal growth.

Scope of the report

Depending on whether the animal body can synthesize the amino acids or not, they are classified into essential and non-essential amino acids. Lysine, methionine, and threonine are among the most essential amino acids that should be included in the animal feed for better nutrition. The Asia Pacific Feed Amino Acids Market is segmented by Type (Tryptophan, Lysine, Methionine, Threonine, and Other Types), Animal Type (Ruminant, Poultry, and Swine) in the countries like China, India, Japan, Australia, Thailand and Rest of Asia Pacific.

Type
Tryptophan
Lysine
Methionine
Threonine
Other Types
Animal Type
Swine
Poultry
Ruminant
Aquaculture
Other Animal Types
Geography
China
India
Japan
Thailand
Australia
Rest of Asia-Pacific

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Key Market Trends

Growing Demand For Meat and Meat Products

The demand for meat-based food products is rising in the Asia-Pacific region especially in China, India, Japan, Australia, etc. with rapid economic growth in the 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 have led to 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 more in terms of their food habits. Vietnam and Thailand are estimated to be the fastest-growing consumer markets for meat-based products. India is a potential market, due to the increased intensive farming system. Hence the more consumption of meat will drive the global future feed amino acid market during the forecasting period.

Asia Feed Amino Acid Market, Meat and Fish Demand, In Million MT, 2017-2050

China Dominates the Market in the Region

China being the engaging market for business growth along with, economic growth, the industrialization of the livestock industry, increasing awareness among farmers, and government support are the major factors driving the market in the region. According to the AllTech feed survey in the year 2019, China has around 4,600 feed mills with the feed production of 168 million metric tons annually. The animal feed additive market in China is regulated by a legal system with registration, permit and supervision, and inspection. The responsible government departments are the State Ministry of Agriculture and the feed administration departments at the provincial level. In the feed industry, Chiatai Macro of Thailand and Ajinomoto of Japan have both set up their joint ventures in China to produce feed grade lysine. Round-Planc has set up a joint venture in Tianjin to produce feed grade methionine.  New Entrants and investors in the Chinese animal feed additive market are required to abide by the numerous, complicated regulations. The importance of food safety has increased in the country, as the government undertook significant steps and formulated regulations regarding the same, such as the Food Safety Law during the study period.

Asia Pacific Feed Amino Acid Market, Per capita Meat Consumption in China, In Kg, 2016-2019

Competitive Landscape

The feed companies are continuously developing new products, proposing premium-priced feed, with special brands or attributes. Most of the companies are accentuating their expansion into branded consumer products sold in supermarkets and company-operated specialty shops. Some of the major players are Adisseo France SAS, Ajinomoto Co. Inc., Archer Daniels Midland Company, Evonik Ind, and Sumitomo Chemical Company Limited, among others. Other players are focusing on strengthening and maintaining product quality, services, and commitment to their businesses, investing in product lifecycle development, and developing new chemical and biological entities. Many of these companies are pursuing the vision of becoming world leaders in animal nutrition by offering profitable, natural, and differentiated solutions.

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 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Tryptophan

      2. 5.1.2 Lysine

      3. 5.1.3 Methionine

      4. 5.1.4 Threonine

      5. 5.1.5 Other Types

    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 BASF SE

      2. 6.3.2 Danisco AS

      3. 6.3.3 Novozymes AS

      4. 6.3.4 Alltech Inc

      5. 6.3.5 Archer Daniels Midland Co. (ADM)

      6. 6.3.6 Biovet JSC

      7. 6.3.7 Cargill Inc

      8. 6.3.8 DSM Nutritional Products Inc.

      9. 6.3.9 Elanco Animal Health Inc.

      10. 6.3.10 Kemin Industries Inc.

      11. 6.3.11 Novus International Inc.

      12. 6.3.12 Nutreco NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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Frequently Asked Questions

The Asia-Pacific Feed Amino Acids Market market is studied from 2016 - 2026.

The Asia-Pacific Feed Amino Acids Market is growing at a CAGR of 2.7% over the next 5 years.

BASF SE, Cargill inc., Kemin Industries, AllTech, Sumitomo Chemicals are the major companies operating in Asia-Pacific Feed Amino Acids Market.

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