Market Entry-Feed Additives Industry in Phillipennes

  • ID: 4114994
  • Report
  • 70 pages
  • Mordor Intelligence
1 of 3
Amino acids and phosphates dominate the global feed additives market with 40% and 26% market share respectively. All the other segments (vitamins, non-protein nitrogen, carotenoids, and enzymes) combined contribute to the remaining 34% of the market. Growing preference for white meat, especially in India and China, is expected to drive poultry feed additive demand over the next six years. However, the difference in regulations in various countries affects the global meat market adversely, especially in the developing and developed nations. The poultry industry in the Asia-Pacific region benefits from lenient feed related regulations. Swine and poultry feed sector is dominated by Asia-Pacific, as China claims the largest animal feed additives market, worth over USD 5.1 billion. Another leading player in this region is India, with its rich agro-technological advantage. Addiseo, BASF, Lonza and Novus International, are few international players holding a significant share in the market.

About the Geography

The Philippines is one of the largest markets in Southeast Asia with an estimated 103 million people and ruled by a presidential democratic republic. With the 12th largest population and the 30th largest economy, there is certainly scope for development, as it has grown from being an agriculture-based to services-based economy in the early 21st-century.

In comparison to its neighbors like Indonesia, Malaysia, and Thailand, Philippines have failed to meet expectations in terms of the volume of FDI. However, recent economic resurgence brought about by strong and consistent economic growth since 2010, new anti-corruption measures and credit rating upgrades have improved their international reputation and created a new impetus for attracting FDI’s into the country. The Aquino government helped with this by the passage of laws to liberalize the entry of foreign banks into the country, relaxing the Cabotage law allowing foreign vessels to ply import and export within the archipelago. The Customs Tariff and Modernization Act of 2016 to meet international standards, reflects efforts of the nation towards increasing FDI.

In spite of all this, the World Bank ranked the Philippines at the 103rd place (out of 185 economies) for ease of doing business. The major challenges for doing business include bureaucracy, corruption, restrictions on ownership of land by foreign companies, and restrictions on investment in certain sectors. The islands of Philippines are strategically placed among high growth countries like Mainland China, Malaysia, and Singapore, which makes it easier for export to these Asian countries. Also, a large English-speaking population and strong services sector are factors that make the Philippines an obvious choice for companies looking to take advantage of the low domestic wages and an educated workforce.
READ MORE
Note: Product cover images may vary from those shown
2 of 3
Introduction
1.1 Scope of the Report
1.2 Regional Analysis
1.2.1 PESTLE Analysis
1.2.2 Analysis of Ease of Doing Business
2. Market Dynamics
2.1 Drivers
2.2 Restraints
2.3 Opportunities
3. Market Demand Analysis
3.1 Socio-Economic Segmentation
3.2 Demographic Strengths & Weaknesses
3.3 Spending Patterns
3.4 Target Market Identification
4. Market Size of Feed Additives Industry by Type (USD millions)
4.1 Antibiotics
4.2 Vitamins
4.3 Antioxidants
4.4 Amino Acids
4.5 Enzymes
4.6 Acidifiers
4.7 Mycotoxin Detoxifiers
4.8 Prebiotics
4.9 Probiotics
4.10 Palatability Enhancers
4.11 Feed Pigments
4.12 Feed Binders
4.13 Others
5. Market Entry
5.1 Market Entry: The Strategy
5.1.1 Types of Entry Modes, by Market Entry Objectives
5.1.2 Competition Analysis
5.1.2.1 Market Share
5.1.2.2 Strategies Adopted, Recent Events
5.1.3 Pricing Strategy
5.1.4 Supply Chain Analysis
5.1.4.1 Trade (Import-Export Analysis)
5.1.4.2 Distribution Network & Retail Analysis
5.2 Market Entry: The Administration
5.2.1 How to Register a Company (Flowchart)
5.2.2 Registration Processes
5.2.2.1 Ministries Involved
5.2.2.2 Criteria and Conditions
5.2.3 List of Forms & Documents
5.2.4 Product Control Guidelines specified by the Government
6. Sources
7. Disclaimer
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
Note: Product cover images may vary from those shown
Adroll
adroll