APAC Feed Minerals Market Size

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Study Period: | 2017 - 2029 |
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Largest Share by Sub Additive: | Macrominerals |
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Largest Share by Country: | China |
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CAGR: | 4.21 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
APAC Feed Minerals Market Analysis
The Asia-pacific Feed Minerals Market is projected to register a CAGR of 4.21%
- Macrominerals is the Largest Sub Additive : Macrominerals is the largest segment as they provide nutrients and play an important role in the metabolic functions of livestock. Their demand also grew due to increased demand for milk, meat, and egg products.
- China is the Largest Country : China is the largest market because of the increased livestock population and demand for meat and dairy.
- Macrominerals is the Fastest-growing Sub Additive : Macrominerals is the fastest sub-additive in the market due to the increase in the livestock population. Poultry animals are the largest consumers of minerals.
- Japan is the Fastest-growing Country : Japan is the fastest-growing market due to increased feed production and demand for livestock products such as milk and eggs.
APAC Feed Minerals Industry Segmentation
Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam are covered as segments by Country.Sub Additive | |
Macrominerals | |
Microminerals |
Animal | |||||||
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Swine | |||||||
Other Animals |
Country | |
Australia | |
China | |
India | |
Indonesia | |
Japan | |
Philippines | |
South Korea | |
Thailand | |
Vietnam | |
Rest Of Asia-Pacific |
APAC Feed Minerals Market Trends
This section covers the major market trends shaping the Asia-pacific Feed Minerals Market according to our research experts:
Macrominerals is the largest Sub Additive
- The Asia-Pacific feed mineral market is a growing segment in the feed additives market. It accounted for a 10.7% market share in terms of value in 2022. This market segment grew significantly by 38.0% from 2017 to 2022 due to the increasing demand for high-quality meat. Poultry was the largest user of minerals, accounting for 44.0% of the Asia-Pacific feed minerals market in 2022. Swine, ruminants, and aquaculture followed with 26.7%, 18.5%, and 9.9% shares, respectively.
- Macrominerals are expected to be the fastest-growing segment in the minerals market, registering a CAGR of 4.3% during 2023-2029. In 2022, macrominerals accounted for USD 980.5 million, which is 9.4% of the feed additives market. Poultry is also the largest user of macrominerals, accounting for 43.1% of the Asia-Pacific macrominerals market. Swine and ruminants held the region's second- and third-largest market share, accounting for 26.2% and 20.1% of the market by value, respectively.
- Microminerals are estimated to grow and register a CAGR of 3.8% during the forecast period, accounting for 11.6% of the Asia-Pacific feed minerals market. The poultry segment is the largest user of microminerals, accounting for 50.3% of the market by value in 2022. The swine and aquaculture segments are the second- and third-largest users, accounting for 30.7% and 10.9% of the market by value, respectively. The demand for microminerals increases in stressful circumstances that change an animal's physiological requirements.
- The increasing demand for high-quality meat is expected to boost the Asia-Pacific feed minerals market, registering a CAGR of 4.2% during 2023-2029. The market growth is attributed to the rising demand for meat and the increasing awareness of the benefits of using feed minerals in animal nutrition.

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China is the largest Country
- The Asia-Pacific feed additives market saw significant growth in 2022, with feed minerals accounting for around 10.7% of its value and 18.3% of its volume. The market is projected to record a CAGR of 4.2% over the forecast period. Minerals are a crucial component of livestock feed, as they support metabolic functions when consumed in substantial amounts.
- In the Asia-Pacific region, macrominerals were the most widely used feed minerals in animal feed, with a market value of USD 980.6 million in 2022. Poultry birds and swine were the largest consumers of these minerals, accounting for 44% and 26.7% of the market share, respectively.
- China was the biggest market for feed minerals in the Asia-Pacific region, with a market size of USD 501.6 million in 2022, largely due to a high per capita meat consumption rate, which reached 45.7 kg in 2020 and is projected to continue growing over the forecast period. The country's expanding livestock population, which grew by 1.8% from 2017 to 2022, and the shift toward organized livestock production were also factors that contributed to the market's growth.
- Japan was the fastest-growing country in the region, expected to record a CAGR of 5.2% during the forecast period from USD 65.0 million in 2022 to USD 92.5 million in 2029.
- India was the second-largest market for feed minerals in the region, with a CAGR of 4.9% during the forecast period, making it the second-fastest-growing country. Ruminants were the primary consumers of feed minerals, accounting for 52.4% of the market in terms of value in 2022.
- The growing use of feed minerals to fulfill animals' nutritional requirements is projected to drive the feed minerals market in the Asia-Pacific region.

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APAC Feed Minerals Industry Overview
The Asia-pacific Feed Minerals Market is fragmented, with the top five companies occupying 38.33%. The major players in this market are Archer Daniel Midland Co., BASF SE, Cargill Inc., SHV (Nutreco NV) and Solvay S.A. (sorted alphabetically).
APAC Feed Minerals Market Leaders
Archer Daniel Midland Co.
BASF SE
Cargill Inc.
SHV (Nutreco NV)
Solvay S.A.
*Disclaimer: Major Players sorted in no particular order

APAC Feed Minerals Market News
- January 2023: Novus International acquired the Biotech company Agrivida to develop new feed additives.
- April 2022: Novus International opened a new corporate office in India. This helps the company to improve its market and access the advantage of the location.
- December 2021: Nutreco partnered with the tech start-up Stellapps. This will give accessibility for the company to sell feed products, premixes, and feed additives to three million smallholder farmers using Stellapps’ technology.
APAC Feed Minerals Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Animal Headcount
2.2. Feed Production
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION
3.1. Sub Additive
3.1.1. Macrominerals
3.1.2. Microminerals
3.2. Animal
3.2.1. Aquaculture
3.2.1.1. By Sub Animal
3.2.1.1.1. Fish
3.2.1.1.2. Shrimp
3.2.1.1.3. Other Aquaculture Species
3.2.2. Poultry
3.2.2.1. By Sub Animal
3.2.2.1.1. Broiler
3.2.2.1.2. Layer
3.2.2.1.3. Other Poultry Birds
3.2.3. Ruminants
3.2.3.1. By Sub Animal
3.2.3.1.1. Beef Cattle
3.2.3.1.2. Dairy Cattle
3.2.3.1.3. Other Ruminants
3.2.4. Swine
3.2.5. Other Animals
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Philippines
3.3.7. South Korea
3.3.8. Thailand
3.3.9. Vietnam
3.3.10. Rest Of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Adisseo
4.4.2. Archer Daniel Midland Co.
4.4.3. BASF SE
4.4.4. Cargill Inc.
4.4.5. Kemin Industries
4.4.6. MIAVIT Stefan Niemeyer GmbH
4.4.7. Novus International, Inc.
4.4.8. Phibro Animal Health Corporation
4.4.9. SHV (Nutreco NV)
4.4.10. Solvay S.A.
5. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Global Market Size and DROs
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- ASIA-PACIFIC FEED MINERALS MARKET, ANIMAL HEAD COUNT, NUMBER, BY POULTRY, 2017-2022
- Figure 2:
- ASIA-PACIFIC FEED MINERALS MARKET, ANIMAL HEAD COUNT, NUMBER, BY RUMINANTS, 2017-2022
- Figure 3:
- ASIA-PACIFIC FEED MINERALS MARKET, ANIMAL HEAD COUNT, NUMBER, BY SWINE, 2017-2022
- Figure 4:
- ASIA-PACIFIC FEED MINERALS MARKET, FEED PRODUCTION, METRIC TON, BY AQUACULTURE, 2017-2022
- Figure 5:
- ASIA-PACIFIC FEED MINERALS MARKET, FEED PRODUCTION, METRIC TON, BY POULTRY, 2017-2022
- Figure 6:
- ASIA-PACIFIC FEED MINERALS MARKET, FEED PRODUCTION, METRIC TON, BY RUMINANTS, 2017-2022
- Figure 7:
- ASIA-PACIFIC FEED MINERALS MARKET, FEED PRODUCTION, METRIC TON, BY SWINE, 2017-2022
- Figure 8:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME, METRIC TON, 2017 - 2029
- Figure 9:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE, USD, 2017 - 2029
- Figure 10:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ADDITIVE, VOLUME, METRIC TON, 2017 - 2029
- Figure 11:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ADDITIVE, VALUE, USD, 2017 - 2029
- Figure 12:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME SHARE(%), BY SUB ADDITIVE, 2017 - 2029
- Figure 13:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2017 - 2029
- Figure 14:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ADDITIVE, VOLUME, METRIC TON, 2017 - 2029
- Figure 15:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ADDITIVE, VALUE, USD, 2017 - 2029
- Figure 16:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY ANIMAL, 2022 - 2029
- Figure 17:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ADDITIVE, VOLUME, METRIC TON, 2017 - 2029
- Figure 18:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ADDITIVE, VALUE, USD, 2017 - 2029
- Figure 19:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY ANIMAL, 2022 - 2029
- Figure 20:
- ASIA-PACIFIC FEED MINERALS MARKET, BY ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 21:
- ASIA-PACIFIC FEED MINERALS MARKET, BY ANIMAL, VALUE, USD, 2017 - 2029
- Figure 22:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME SHARE(%), BY ANIMAL, 2017 - 2029
- Figure 23:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY ANIMAL, 2017 - 2029
- Figure 24:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 25:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 26:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME SHARE(%), BY SUB ANIMAL, 2017 - 2029
- Figure 27:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ANIMAL, 2017 - 2029
- Figure 28:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 29:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 30:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 31:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 32:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 33:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 34:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 35:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 36:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 37:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 38:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 39:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME SHARE(%), BY SUB ANIMAL, 2017 - 2029
- Figure 40:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ANIMAL, 2017 - 2029
- Figure 41:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 42:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 43:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 44:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 45:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 46:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 47:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 48:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 49:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 50:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 51:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 52:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME SHARE(%), BY SUB ANIMAL, 2017 - 2029
- Figure 53:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ANIMAL, 2017 - 2029
- Figure 54:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 55:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 56:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 57:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 58:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 59:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 60:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 61:
- ASIA-PACIFIC FEED MINERALS MARKET, BY SUB ANIMAL, VALUE, USD, 2017 - 2029
- Figure 62:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 63:
- ASIA-PACIFIC FEED MINERALS MARKET, BY ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 64:
- ASIA-PACIFIC FEED MINERALS MARKET, BY ANIMAL, VALUE, USD, 2017 - 2029
- Figure 65:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 66:
- ASIA-PACIFIC FEED MINERALS MARKET, BY ANIMAL, VOLUME, METRIC TON, 2017 - 2029
- Figure 67:
- ASIA-PACIFIC FEED MINERALS MARKET, BY ANIMAL, VALUE, USD, 2017 - 2029
- Figure 68:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 69:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 70:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 71:
- ASIA-PACIFIC FEED MINERALS MARKET, VOLUME SHARE(%), BY COUNTRY, 2017 - 2029
- Figure 72:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY COUNTRY, 2017 - 2029
- Figure 73:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 74:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 75:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 76:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 77:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 78:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 79:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 80:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 81:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 82:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 83:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 84:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 85:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 86:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 87:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 88:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 89:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 90:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 91:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 92:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 93:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 94:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 95:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 96:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 97:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 98:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 99:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 100:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
- Figure 101:
- ASIA-PACIFIC FEED MINERALS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
- Figure 102:
- ASIA-PACIFIC FEED MINERALS MARKET, VALUE SHARE(%), BY SUB ADDITIVE, 2022 - 2029
- Figure 103:
- ASIA-PACIFIC FEED MINERALS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2016 - 2022
- Figure 104:
- ASIA-PACIFIC FEED MINERALS MARKET, MOST ADOPTED STRATEGIES, 2016 - 2022
- Figure 105:
- ASIA-PACIFIC FEED MINERALS MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Market Definition
- FUNCTIONS - For the purpose of the study, feed additives are considered to be commercially-manufactured products that are used to enhance the characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling of feed additives without value addition have been excluded from the market scope, in order to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms