Japan Feed Additives Market Size

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