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

The Thai Feed Additives Market is Segmented by Type and Animal Type.

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Thailand Feed Additives Industry Overview

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Study Period: 2018 - 2028
CAGR: 5 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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Thailand Feed Additives Market Analysis

The Thail feed additives market is projected to reach USD 2.56 billion by 2025, with a CAGR of 5.0%, during the forecast period. The drivers identified in this market are the growth of the poultry market in Thailand and growth in the compound feed industry. The restraints identified in the market are government regulations on food safety and the increasing cost of raw materials.

Thailand Feed Additives Industry Segments

A feed additive is a food supplement, which is given to animals in addition to their food requirements. These additives mainly include antibiotics, vitamins, enzymes, amino acids, and others to supplement the nutrient gap in their regular diet. This will further restore the growth of animals.

Type
Acidifiers
Amino Acids
Antibiotics
Antioxidants
Enzymes
Minerals
Mycotoxin Detoxifiers
Pigments
Prebiotics
Probiotics
Vitamins
Other Types
Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types

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Thailand Feed Additives Market Trends

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

Growth in the Compound Feed Industry is Driving the Market

The Thai animal feed industry is growing at a steady pace due to the increase in broiler production, which is driven by rising income, increasing population, higher diversified consumption, and wheat feed demand. The country’s per capita food consumption declines as the rising incomes support shifts from rice toward a more diversified diet with increased meat consumption, especially poultry. In 2017, Thailand imposed regulations that would require feed mills to purchase domestic corn before importing feed wheat at a 3:1 domestic absorption rate of imported feed wheat/domestic corn, resulting in a significant reduction in the Thai feed wheat imports.

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Rapidly Growing Feed Antibiotics Market

The feed binder market has been segmented into synthetic and natural feed binders by type. Wheat, guar, meal, starch, lignin, bentonite, clay, specialty hydrocolloids, gums, etc., form the ingredients for natural binders. Urea-formaldehyde and polymethylocarbamide are vital ingredients for synthetic binders. Good quality pellets are difficult to produce with corn and soy, which are the main ingredients in many feeds (such as those for swine, requiring the use of binders). As chemical-free pasture has to cater to consumer preference for organic meat, natural binders are increasingly being preferred over synthetic binders over the past few years. Owing to the enhanced feed conversion ratio in these animals (due to increased performance, improved immunity system, and increased body weight gain, with the incorporation of feed binders), the feed binders sector is growing in the Thai region.

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Thailand Feed Additives Market Competitor Analysis

There are many international, as well as local, companies in the Thai feed additive market, which are adopting various strategies, like expansions, partnerships, and new developments, to increase their market presence in the country. Cargill recently acquired a feed mill in Prachinburi province in Thailand to expand its animal feed and nutrition business capabilities. The acquisition enables the company to produce poultry and wine feed for its Thailand customer base.

Thailand Feed Additives Market Top Players

  1. Cargill Siam Limited

  2. Adisseo Trading (Thailand Limited)

  3. BASF (Thai) Limited

  4. Alltech Thailand

  5. DSM Nutritional Products (Thailand) Ltd

*Disclaimer: Major Players sorted in no particular order

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Thailand 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 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Acidifiers

      2. 5.1.2 Amino Acids

      3. 5.1.3 Antibiotics

      4. 5.1.4 Antioxidants

      5. 5.1.5 Enzymes

      6. 5.1.6 Minerals

      7. 5.1.7 Mycotoxin Detoxifiers

      8. 5.1.8 Pigments

      9. 5.1.9 Prebiotics

      10. 5.1.10 Probiotics

      11. 5.1.11 Vitamins

      12. 5.1.12 Other Types

    2. 5.2 Animal Type

      1. 5.2.1 Ruminants

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Other Animal Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Nutriad Asia Pacific

      2. 6.3.2 Adisseo Trading (Thailand) Co. Ltd

      3. 6.3.3 BASF (Thai) Limited

      4. 6.3.4 Danisco Animal Nutrition

      5. 6.3.5 Alltech Thailand

      6. 6.3.6 ADM (Thailand) Ltd

      7. 6.3.7 Cargill Siam Limited

      8. 6.3.8 DSM Nutritional Products (Thailand) Ltd

      9. 6.3.9 Kemin Industries Inc.

      10. 6.3.10 Charoen Pokphand Group

      11. 6.3.11 Eurotec Nutrition Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Thailand Feed Additives Market Research FAQs

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

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

Cargill Siam Limited, Adisseo Trading (Thailand Limited), BASF (Thai) Limited, Alltech Thailand, DSM Nutritional Products (Thailand) Ltd are the major companies operating in Thailand Feed Additives Market.

Thailand Feed Additives Industry Reports

In-depth industry statistics and market share insights of the Thailand Feed Additives sector for 2020, 2021, and 2022. The Thailand 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 Thailand Feed Additives report PDF.

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