Market Size of thailand feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 488.39 Million |
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Market Size (2029) | USD 641.83 Million |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 5.62 % |
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Fastest Growing by Additive | Amino Acids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Feed Additives Market Analysis
The Thailand Feed Additives Market size is estimated at 488.39 million USD in 2024, and is expected to reach 641.83 million USD by 2029, growing at a CAGR of 5.62% during the forecast period (2024-2029).
488.39 Million
Market Size in 2024 (USD)
641.83 Million
Market Size in 2029 (USD)
6.52 %
CAGR (2017-2023)
5.62 %
CAGR (2024-2029)
Largest Market by Additive
25.28 %
value share, Amino Acids, 2023
The amino acid is the largest segment owing to its benefits and application in animals for different purposes such as gut health, muscle development, and egg formation.
Largest Market by Animal
57.80 %
value share, Poultry, 2023
Poultry is the largest segment as the poultry feed is produced mainly due to high poultry production and the high demand for poultry meat and products.
Fastest-growing Market by Additive
6.10 %
Projected CAGR, Amino Acids, 2024-2029
The amino acids are the fastest growing segment for the development of animal gut health and muscle development, and also is a major feed additive consumed by poultry.
Fastest-growing Market by Animal
6.70 %
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
11.53 %
market share, DSM Nutritional Products AG, 2022
DSM Nutritional Products is the market leader because the company has expanded its animal nutrition business by having strategic partnerships and establishing a new facility.
- The feed additives market in the country witnessed significant growth in 2022, with amino acids, binders, minerals, and probiotics being the major additives used in compound feed, accounting for 55.8% of the market share. Among these, methionine and lysine were the most significant feed amino acids, representing 30.8% and 21.8% of the market value, respectively, due to their efficiency characteristics, including improved gut health and easy digestion in animals, along with meat production.
- In addition to pelleting feed, synthetic feed binders were found to enhance animal digestion and nutrient intake, thereby preventing diseases. Synthetic binders held the largest share of the feed binders market in the country, accounting for 63.8% in 2022. Swine dominated the feed additives market, accounting for 57.2% of the market share by value, followed by poultry birds, which had a higher feed intake and production of approximately 12.2 million metric tons in 2022. The highest market share is mainly due to the increasing production of livestock in the country.
- Amino acids, prebiotics, and probiotics are expected to be the fastest-growing segments in the country's feed additives market, with amino acids registering a projected CAGR of 6.1%, followed by prebiotics and probiotics registering a projected CAGR of 6% each during the forecast period. Amino acids were crucial in protein synthesis and meat and milk production, which contributed to their high growth rate.
- Given the importance of feed additives in animal nutrition, the demand for feed additives in the country is anticipated to grow and register a CAGR of 5.6% during the forecast period.
Understand The Key Trends Shaping This Market
