China Feed Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The China Feed Additives Market is segmented By Additive Type Antibiotics Vitamins, Antioxidants, Aminoacids, Enzymes Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavours and Sweeteners, Pigments, Binders, and Minerals, and By Animal Type (Ruminants, Swine, Poultry and Other Animal Types).

China Feed Additives Industry Overview

Market Overview
Study Period: 2018 - 2028
CAGR: 5.9 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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China Feed Additives Market Analysis

The feed additives market in China is projected to register a CAGR of 5.9%, during the forecast period. Feed additives are essential for animal nutrition, as they improve the quality of feed, and thereby improve animals’ performance and health. They also subsequently improve the yield and quality of food from animal origin. The industrialization of the livestock and meat sector is an important factor driving the demand for the market. The Chinese animal feed additive industry, currently, is heavily influenced by governmental initiatives. The country’s efforts to modernize and find efficiencies in its structure and practices and the increasing demand for meat and animal products to meet the protein needs of the growing population are among the major factors driving the growth of the animal feed additives market.

China Feed Additives Industry Segments

The China Feed Additives Market is segmented By Additive Type Antibiotics Vitamins, Antioxidants, Aminoacids, Enzymes Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavours and Sweeteners, Pigments, Binders, and Minerals, and By Animal Type (Ruminants, Swine, Poultry and Other Animal Types).

Additive Type
Antibiotics
Vitamins
Antioxidants
Amino Acids
Enzymes
Mycotoxin Detoxifiers
Prebiotics
Probiotics
Flavors and Sweeteners
Pigments
Binders
Minerals
Animal Type
Ruminants
Swine
Poultry
Other Animal Types

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China Feed Additives Market Trends

This section covers the major market trends shaping the China Feed Additives Market according to our research experts:

Changing Demographics and Food Habits among Consumers

While considering a business-as-usual (BAU) scenario, the total meat and fish consumption in Asia-Pacific is projected to rise by 73%, by 2050, according to a report published by Asia Research & Engagement (ARE) and sponsored by ADM Capital. Rapid Urbanization and increased disposable income have brought in changes among the dietary preferences of the population, which has led to increased per capita consumption of meat and seafood. However, the Food and Agricultural Organization’s (FAO) report on “Mapping Supply and Demand for Animal Produce to 2030” pegs growth in some countries like China at more than 300%. With greater awareness among the population regarding the importance of protein-rich diets, an increase in the consumption of animal protein sources is anticipated. This is expected to fuel the growth of feed additives market through its usage in compound feed in the industry. Population increase is another driving factor for the overall consumption of meat and seafood. Moreover, most of the largely populated countries, such as China, are not expected to be stable in population growth until 2030.

China Feed Additives Market, Per Capita Meat Consumption, in Kg, 2016-2019

Increasing Compound Feed Production

With the increasing per capita income and growing population level, the demand for food crops and cash crops is also estimated to increase, along with an increase in food from animal origin, including meat, fish, milk, and eggs. According to sources studied, China is one of the top seven countries where the compound feed is produced. The animal feed additives market, including the imports, is highly regulated in China, with the presence of the Ministry of Agriculture and the General Administration of Quality Supervision, Inspection, and Quarantine of the People's Republic of China (AQSIQ). In 2018, AQSIQ made changes to the import policy of feed and feed additives, with feed additives and additive premix been targeted by a separated list. This has led to higher production of compound feed, which is, in turn, driving the market for feed additives in these regions. Thus, higher production of compound feed is anticipated to provide a ready market for feed additives in the near future.

China Feed Additive  Market, Compound Feed Production, in Million MT, By Animal Type,2019

China Feed Additives Market Competitor Analysis

The feed additives market is highly concentrated, with the top ten companies accounting for the majority of the market share. The leading players in the market studied are focused on business expansion. They are targeting countries in Asia-Pacific like China for business expansion, by either investing in new production units or acquiring established small players in the region.

China Feed Additives Market Top Players

  1. BASF SE

  2. Cargill Inc.

  3. Adisseo

  4. Alltech

  5. Elanco

*Disclaimer: Major Players sorted in no particular order

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China Feed Additives Market Report - 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 Additive Type

      1. 5.1.1 Antibiotics

      2. 5.1.2 Vitamins

      3. 5.1.3 Antioxidants

      4. 5.1.4 Amino Acids

      5. 5.1.5 Enzymes

      6. 5.1.6 Mycotoxin Detoxifiers

      7. 5.1.7 Prebiotics

      8. 5.1.8 Probiotics

      9. 5.1.9 Flavors and Sweeteners

      10. 5.1.10 Pigments

      11. 5.1.11 Binders

      12. 5.1.12 Minerals

    2. 5.2 Animal Type

      1. 5.2.1 Ruminants

      2. 5.2.2 Swine

      3. 5.2.3 Poultry

      4. 5.2.4 Other Animal Types

  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 Biovet JSC

      2. 6.3.2 Danisco A/S

      3. 6.3.3 BASF SE

      4. 6.3.4 Novozymes A/S.

      5. 6.3.5 Archer Daniels Midland Co.

      6. 6.3.6 Cargill Inc.

      7. 6.3.7 Chr. Hansen Inc.

      8. 6.3.8 DSM Nutritional Products Inc.

      9. 6.3.9 Elanco Animal Health Inc.

      10. 6.3.10 Evonik Industries AG

      11. 6.3.11 InVivo NSA S.A.

      12. 6.3.12 Kemin Industries Inc.

      13. 6.3.13 Novus International Inc.

      14. 6.3.14 Nutreco N.V.

      15. 6.3.15 Zoetis Inc.

      16. 6.3.16 Borregaard

      17. 6.3.17 Ingredion Incorporated

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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China Feed Additives Market Research FAQs

The China Feed Additives Market is studied from 2018 - 2028.

The China Feed Additives Market is growing at a CAGR of 5.9% over the next 5 years.

BASF SE, Cargill Inc., Adisseo, Alltech, Elanco are the major companies operating in China Feed Additives Market.

China Feed Additives Industry Reports

In-depth industry statistics and market share insights of the China Feed Additives sector for 2020, 2021, and 2022. The China Feed Additives research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the China Feed Additives report PDF.

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