Market Size of philippines feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 399.43 Million |
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Market Size (2029) | USD 507.63 Million |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 4.91 % |
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Fastest Growing by Additive | Pigments |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Philippines Feed Additives Market Analysis
The Philippines Feed Additives Market size is estimated at 399.43 million USD in 2024, and is expected to reach 507.63 million USD by 2029, growing at a CAGR of 4.91% during the forecast period (2024-2029).
399.43 Million
Market Size in 2024 (USD)
507.63 Million
Market Size in 2029 (USD)
5.33 %
CAGR (2017-2023)
4.91 %
CAGR (2024-2029)
Largest Market by Additive
25.24 %
value share, Amino Acids, 2023
The amino acids segment is the largest in the market due to increased awareness of balancing the gut pH, increasing livestock population, and reducing infections.
Largest Market by Animal
51.45 %
value share, Swine, 2023
The swine segment is the largest in the market because of the increased demand for exporting pork, the swine population, and the increasing feed production.
Fastest-growing Market by Additive
5.49 %
Projected CAGR, Pigments, 2024-2029
Pigments are the fastest growing segment as there is demand for the dark yellow color yolk, which enhances the appearance of poultry feed and increases investment by producers.
Fastest-growing Market by Animal
6.44 %
Projected CAGR, Poultry, 2024-2029
The poultry segment has witnessed the fastest growth in the market due to increased demand for eggs and poultry meat for consumption and feed production.
Leading Market Player
6.63 %
market share, Alltech, Inc., Inc.
Alltech Inc. is the market leader as it has been innovating its products and has partnerships with research institutes to innovate and analyze the products produced.
- In 2022, amino acids, binders, minerals, and probiotics were the main types of feed additives used in the animal feed industry in the country. These types of additives together represented 55.1% of the country's total feed additives market in terms of value. Among these types of feed additives, methionine and lysine were the most significant feed amino acids, accounting for 34.1% and 30.2% of the market share, respectively. The popularity of these amino acids was due to their ability to improve gut health, aid in easy digestion, and enhance meat production in animals.
- Synthetic binders held the largest share of the total feed binders market in the country in 2022, accounting for 66.7%. Synthetic binders were preferred because they not only served in pellet feed but also aided in preventing diseases by improving digestion and nutrition intake in animals. Swine was the major animal type in the feed additives market in 2022, accounting for 52% of the market share value. This high share was due to the high feed intake and feed production, which was more than 7.8 million metric tons in 2022.
- Pigments and amino acids are expected to be the fastest-growing segments in the feed additives market in the country, registering CAGRs of 5.5% and 5.4%, respectively, during the forecast period. Pigments were used to enhance the appearance and nutritional value of animal feed, and as animals were unable to synthesize carotenoids, they needed to be supplied in the diet.
- Based on the importance of feed additives in animal nutrition, the demand for feed additives is anticipated to register a CAGR of 4.9% during the forecast period in the country. This growth is expected to be driven by improved gut health and easy digestion in animals, as well as the growing demand for high-quality animal protein.
Understand The Key Trends Shaping This Market
