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Asia-pacific Feed Additives - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2029

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  • 473 Pages
  • February 2024
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 4763972
The Asia-pacific Feed Additives Market size is estimated at USD 11.34 billion in 2024, and is expected to reach USD 14.38 billion by 2029, growing at a CAGR of 4.86% during the forecast period (2024-2029).
  • In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in livestock feed in the Asia-Pacific region. Together they accounted for 61.2% of the total feed additives market in terms of value.​
  • In Asia-Pacific, amino acids are the major additive type consumed. In 2022, amino acids were valued at USD 2,208.9 million, which is expected to reach USD 3,111.7 million in 2029. Among feed amino acids, lysine is one of the most vital amino acids required in animal nutrition. In 2022, it accounted for 33.1% of Asia-Pacific's feed amino acids market in terms of value.​​
  • In the feed additives market, poultry birds are the most consumed animal type in the region. In 2022, the poultry segment accounted for 46.4% of the Asia-Pacific feed additives market in terms of value, followed by swine (32.4%). The high share percentage was associated with an increase in the poultry headcount by 5.6% between 2017 and 2022.​
  • In Asia-Pacific, China held a major share value of 42.1% in 2022. The high share percentage of China was due to the increase in feed production in the country, from 202.5 million metric tons in 2017 to 243.2 million metric tons in 2022. The increase in feed production led to increased demand for feed additives.​
  • During the forecast period (2023-2029), poultry is expected to be the fastest-growing segment in the Asia-Pacific feed additives market, registering a CAGR of 5.5%. The growth is attributed to the increasing poultry population and feed production. Due to the importance of feed additives in animal nutrition, the market is anticipated to register an annual growth rate of 4.8% during the forecast period.

  • The Asia-Pacific region is currently the largest feed additive market globally. It accounted for 31.3% by value of the global feed additives market in 2022. This market is dominated by China, India, and Japan, which together held about 57.1% of the market share value in the total feed additives market of the region in 2022.​
  • China, in particular, accounted for a market value of USD 4,356.3 million in 2022, which is expected to reach USD 6,086.6 million in 2029, with an annual growth rate of 4.9%. This high share can be attributed to the high livestock population in the country, with China accounting for 41.0% of the Asia-Pacific's poultry population in 2022. China was also the largest producer of feed in the region, having produced 243.2 million metric tons of compound feed in 2022, accounting for an increase of about 20.1% between 2017-2022.​
  • On the other hand, India dominated the feed additives market regarding the poultry segment, which represented 62.6% of the market share value among animal types in 2022. The market value for feed additives with respect to poultry increased by 46.1% between 2017 and 2022 due to an increased headcount of 7.1% over the same period.​
  • In Japan, the total feed production increased from 21.6 million metric tons in 2017 to 24.2 million metric tons in 2029, increasing in demand for feed additives in the country.​
  • During the forecast period, Indonesia and Thailand are expected to be the fastest-growing countries in the Asia-Pacific's feed additives market, with a projected CAGR of 5.6% due to increased feed production in these countries. However, the overall feed additives market is anticipated to grow at a CAGR of 4.8% during the forecast period in the region.

Asia-pacific Feed Additives Market Trends

The growing disposable income in developing countries of Asia-Pacific and government support schemes for poultry industry, and China is largest producer of eggs are helping in growth of poultry population in the region

  • The Asia-Pacific region dominates the global agricultural sector, with poultry being the largest segment. The Asia-Pacific region accounted for 42.4% of global poultry production in 2022. The high share percentage was driven by a rise in population, rapid urbanization, and increasing disposable incomes in developing countries, such as India and Vietnam, which recorded a 37.3% increase in poultry population in 2021 from 2017.
  • In 2021, China, Indonesia, and India held a significant share of the poultry market in the region, with 39.7%, 25.3%, and 5.7%, respectively. The increase in the demand for poultry products can be attributed to the increase in demand for eggs and meat and government schemes that support the poultry industry. The Department of Animal Husbandry & Dairy in India introduced capital fund schemes to support poultry businesses, educating farmers on how to improve their yield quality.
  • China is the largest producer of eggs in the world, accounting for over 40% of global production. With over 900 million stock-laying hens and the largest layer poultry farming center hatching 60 million chicks annually, layer farming in the country has recorded significant growth.
  • Broiler production in the region is rapidly growing due to the increased consumer demand for chicken meat. The Philippines, for instance, recorded a 2.2% increase in chicken meat production in 2021 from 2017. The region's poultry production is expected to increase further, driven by a shift in consumer preferences toward poultry meat and the rapid development of the poultry industry, which would lead to an increase in demand for feed additives.

Improvement in fish farming technologies, expansion in number of feed mills and Indian government initiatives are helping in increasing the aquaculture feed production

  • The Asia-Pacific region is a major player in the global aquaculture feed market, with fish and shrimp being the primary consumers. In 2021, the region produced 37.6 million metric tons of aquaculture feed, which accounted for 8.7% of the region's total aquaculture feed production. Several countries in the region are focusing on expanding and intensifying their aquaculture production through technological advancements and increasing the use of feed to meet the growing demand.
  • India increased its budget allocation for the Department of Fisheries to boost production. Fish holds a significant share of the market for aquaculture feed, with production amounting to 31.1 million metric tons in 2022, increasing by 66% from 2017. This growth was due to the conversion of agricultural land to aquaculture ponds, the improvement of fish farming technologies, and the intensification of production.
  • Shrimp feed production accounted for 4.2% of the aquafeed production in the region in 2022, and it is expected to increase rapidly during the forecast period. The growth is attributed to the implementation of a self-sufficient aquaculture system by some countries in the region through several government initiatives to increase the production of certified sustainable seafood.
  • China dominates the aquafeed market in the Asia-Pacific region, accounting for a 51.2% share in 2022 due to an increase in the number of feed mills with higher capacities. For instance, AB Agri opened its ninth feed mill in China, a plant with an annual capacity of 240,000 tons. Factors such as an increase in aquaculture production, expansion of aquaculture farming, and rise in feed consumption are expected to increase aquafeed production in the region during the forecast period.

Asia-pacific Feed Additives Industry Overview

The Asia-pacific Feed Additives Market is fragmented, with the top five companies occupying 28.19%. The major players in this market are Adisseo, Cargill Inc., DSM Nutritional Products AG, Evonik Industries AG and SHV (Nutreco NV) (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4.1 Animal Headcount
4.1.1 Poultry
4.1.2 Ruminants
4.1.3 Swine
4.2 Feed Production
4.2.1 Aquaculture
4.2.2 Poultry
4.2.3 Ruminants
4.2.4 Swine
4.3 Regulatory Framework
4.3.1 Australia
4.3.2 China
4.3.3 India
4.3.4 Indonesia
4.3.5 Japan
4.3.6 Philippines
4.3.7 South Korea
4.3.8 Thailand
4.3.9 Vietnam
4.4 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
5.1 Additive
5.1.1 Acidifiers By Sub Additive Fumaric Acid Lactic Acid Propionic Acid Other Acidifiers
5.1.2 Amino Acids By Sub Additive Lysine Methionine Threonine Tryptophan Other Amino Acids
5.1.3 Antibiotics By Sub Additive Bacitracin Penicillins Tetracyclines Tylosin Other Antibiotics
5.1.4 Antioxidants By Sub Additive Butylated Hydroxyanisole (BHA) Butylated Hydroxytoluene (BHT) Citric Acid Ethoxyquin Propyl Gallate Tocopherols Other Antioxidants
5.1.5 Binders By Sub Additive Natural Binders Synthetic Binders
5.1.6 Enzymes By Sub Additive Carbohydrases Phytases Other Enzymes
5.1.7 Flavors & Sweeteners By Sub Additive Flavors Sweeteners
5.1.8 Minerals By Sub Additive Macrominerals Microminerals
5.1.9 Mycotoxin Detoxifiers By Sub Additive Binders Biotransformers
5.1.10 Phytogenics By Sub Additive Essential Oil Herbs & Spices Other Phytogenics
5.1.11 Pigments By Sub Additive Carotenoids Curcumin & Spirulina
5.1.12 Prebiotics By Sub Additive Fructo Oligosaccharides Galacto Oligosaccharides Inulin Lactulose Mannan Oligosaccharides Xylo Oligosaccharides Other Prebiotics
5.1.13 Probiotics By Sub Additive Bifidobacteria Enterococcus Lactobacilli Pediococcus Streptococcus Other Probiotics
5.1.14 Vitamins By Sub Additive Vitamin A Vitamin B Vitamin C Vitamin E Other Vitamins
5.1.15 Yeast By Sub Additive Live Yeast Selenium Yeast Spent Yeast Torula Dried Yeast Whey Yeast Yeast Derivatives
5.2 Animal
5.2.1 Aquaculture By Sub Animal Fish Shrimp Other Aquaculture Species
5.2.2 Poultry By Sub Animal Broiler Layer Other Poultry Birds
5.2.3 Ruminants By Sub Animal Beef Cattle Dairy Cattle Other Ruminants
5.2.4 Swine
5.2.5 Other Animals
5.3 Country
5.3.1 Australia
5.3.2 China
5.3.3 India
5.3.4 Indonesia
5.3.5 Japan
5.3.6 Philippines
5.3.7 South Korea
5.3.8 Thailand
5.3.9 Vietnam
5.3.10 Rest of Asia-Pacific
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
6.4.1 Adisseo
6.4.2 Archer Daniel Midland Co.
6.4.3 BASF SE
6.4.4 Cargill Inc.
6.4.5 DSM Nutritional Products AG
6.4.6 Elanco Animal Health Inc.
6.4.7 Evonik Industries AG
6.4.8 IFF(Danisco Animal Nutrition)
6.4.9 Impextraco NV
6.4.10 Phibro Animal Health Corporation
6.4.11 SHV (Nutreco NV)
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Global Market Size and DROs
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Adisseo
  • Archer Daniel Midland Co.
  • Cargill Inc.
  • DSM Nutritional Products AG
  • Elanco Animal Health Inc.
  • Evonik Industries AG
  • IFF(Danisco Animal Nutrition)
  • Impextraco NV
  • Phibro Animal Health Corporation
  • SHV (Nutreco NV)