Japan Feed Additive Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Feed Additive Market Analysis
The Japan feed additives market is projected to grow at a CAGR of 5.4% during the forecast period. Growth is largely fuelled by increasing meat consumption and rising concern over its quality and safety. Some major drivers of the country's feed additives market are increasing awareness towards meat quality and safety, increasing mass production of meat, and recent livestock disease outbreaks. Rising concern over the animal health will drive the market growth positively. The aquaculture segment dominates the market, owing to the development in production technologies and increasing meat consumption. Some of the leading players in the market are JAPAN NUTRITION Co. Ltd., Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S, and Alltech, Inc. With recent bans on antibiotic growth promoters (AGPs) and growing demand for natural feed additives, Nutriad signed a distribution agreement with a Japanese company Watanabe Chemicals in June 2018, promoting the use of natural feed additives, and thereby, helping in resolving disease issues in Japanese aquaculture
Japan Feed Additive Market Trends
This section covers the major market trends shaping the Japan Feed Additives Market according to our research experts:
Shift in Consumer Preference Towards Meat and Animal Sourced Products
Japan has experienced the most dramatic shifts in the dietary preferences of its citizens during the past few years. This is due to a bag of factors with urbanization, rising incomes, changes in food supply chains. According to the Organisation for Economic Co-operation and Development (OECD) poultry and pork meat are the highest consumed in Japan. In 2019 Per capita consumption of poultry meat was 17 kg and 16.2 Kg of pork meat. In order to meet the demand, meat and milk producers tend to provide quality feed to the animals so as to meet the necessary diet requirements and enhance the animal yield. Owing to increasing meat consumption, meat production is increasing. According to the Food and Agriculture Organization (FAO), in 2016 poultry bird population was 310130 thousand heads and has increased in 2018 with a population count of 323128 thousand heads. The growing production creates an opportunity for the feed additives market as animal health has become a serious concern.
Aquaculture Segment Dominates the Market
The well-developed aquaculture industry is favoring the aquafeed market. According to the Ministry of Agriculture, Forestry, and Fisheries (MAFF), the total aquafeed produced by the country was reported as 0.5 million metric tons in 2019. The output of fisheries and aquaculture was USD 14.8 billion in 2016, of which inland water fisheries and aquaculture increased by USD 0.1 billion to USD 1.06 billion. In recent years the average price for fisheries and aquaculture is in recording an upward trend.
Japan's seafood processors started to shift their business focus from catching fish from the sea to inland fish farming in 2019 as new technologies make this kind of aquaculture more popular. As the inland farming requires the fish feed in huge quantities, this aid the growth of the aquafeed market.
Japan Feed Additive Industry Overview
The Japan feed additives market is highly concentrated, with the few leading companies accounting for the majority of the market share. The leading players in the market studied are focused on business expansion, by either investing in new production units or acquiring established small players in the region. Some of the leading players in the market are JAPAN NUTRITION Co. Ltd., Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S, and Alltech, Inc.
Japan Feed Additive Market Leaders
JAPAN NUTRITION Co.,Ltd.
Feedone Co., Ltd.
Lallemand Inc.
Chr. Hansen Holding A/S
Alltech, Inc.
*Disclaimer: Major Players sorted in no particular order
Japan Feed Additive Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Additive Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Enzymes
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5.1.6 Mycotoxin Detoxifiers
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5.1.7 Prebiotics
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5.1.8 Probiotics
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5.1.9 Flavors and Sweeteners
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5.1.10 Pigments
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5.1.11 Binders
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5.1.12 Minerals
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Alltech Inc.
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6.3.3 BASF SE
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6.3.4 Elanco Animal Health
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6.3.5 JAPAN NUTRITION Co.,Ltd
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6.3.6 Archer Daniels Midland
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6.3.7 Feedone Co., Ltd.
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6.3.8 NOVOZYMES
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6.3.9 Lallemand Inc
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6.3.10 Chr. Hansen Holding A/S
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6.3.11 Nutreco NV
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Japan Feed Additive Industry Segmentation
With the industrialization of the sector, the use of feed additives has been increasing over the years. The price volatility of natural feed sources during the past decade leads to an increment in the usage of different feed additives in the animal feed industry. Industrialization of the livestock, feed, and processed meat industry has necessitated the application of feed additives, as they act as a supplement, nutrient enhancer, feed conditioner, etc., with all required essential elements for optimum growth of the animals.
| Additive Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Mycotoxin Detoxifiers | |
| Prebiotics | |
| Probiotics | |
| Flavors and Sweeteners | |
| Pigments | |
| Binders | |
| Minerals |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Others |
Japan Feed Additive Market Research FAQs
What is the current Japan Feed Additives Market size?
The Japan Feed Additives Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Japan Feed Additives Market?
JAPAN NUTRITION Co.,Ltd. , Feedone Co., Ltd., Lallemand Inc. , Chr. Hansen Holding A/S and Alltech, Inc. are the major companies operating in the Japan Feed Additives Market.
What years does this Japan Feed Additives Market cover?
The report covers the Japan Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Feed Additive Industry Report
Statistics for the 2024 Japan Feed Additive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Feed Additive analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
