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Thailand Feed Additives Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4827963
  • Report
  • April 2019
  • Region: Thailand
  • 85 pages
  • Mordor Intelligence
until Mar 31st 2020
1 of 4


  • ADM (Thailand) Ltd.
  • Alltech Thailand
  • BASF (Thai) Limited
  • Cargill Siam Limited
  • Charoen Pokphand Group
  • Danisco Animal Nutrition
  • MORE
Market Overview

The Thailand Feed Additives Market was valued at USD 2.31 billion in 2018, and is projected to reach USD 2.42 billion by 2024, with a CAGR of 4.99%, during the forecast period. The drivers identified in this market are 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 increasing cost of raw materials.

Scope of the Report

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 for the nutrient gap in their regular diet. This will further restore the growth of animals.

Key Market Trends

Growth in the Compound Feed Industry is driving the market

The Thailand Animal Feed Industry is growing at a steady pace due to the increase in broiler production, which is driven by rising income, increasing population, greater 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.

Rapidly Growing Feed Antibiotics Market

The Thailand feed antibiotics market was valued at USD 45.30 million in 2018 and is projected to reach USD 60.66 million by 2024, with a CAGR of 4.99%, during the forecast period. The World Health Organization South East Asia region (SEAR: Bangladesh, Bhutan, Democratic People’s Republic of Korea, India, Indonesia, the Maldives, Myanmar, Nepal, Sri Lanka, Thailand, and Timor-Leste) has developed intensive farming systems, leading to the rising consumption of fertilizers, antibiotics, and pesticides, of which, many farmers have limited technical knowledge. Thailand is projected to be the fastest-growing market, owing to the increasing meat production capacity. The increased industrial meat production to cater to the rising meat consumption is bolstering the demand for feed antibiotics, owing to lax regulations regarding the use of antibiotics as growth promoters in animal husbandry.

Competitive Landscape

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 in order to expand its animal feed and nutrition business capabilities. The acquisition enables the company to produce poultry and wine feed for its Thai customer base.
Note: Product cover images may vary from those shown
2 of 4


  • ADM (Thailand) Ltd.
  • Alltech Thailand
  • BASF (Thai) Limited
  • Cargill Siam Limited
  • Charoen Pokphand Group
  • Danisco Animal Nutrition
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5.1 Type
5.1.1 Acidifiers
5.1.2 Amino Acids
5.1.3 Antibiotics
5.1.4 Antioxidants
5.1.5 Enzymes
5.1.6 Minerals
5.1.7 Mycotoxin Detoxifiers
5.1.8 Pigments
5.1.9 Prebiotics
5.1.10 Probiotics
5.1.11 Vitamins
5.1.12 Other Types
5.2 Animal Type
5.2.1 Ruminants
5.2.2 Poultry
5.2.3 Swine
5.2.4 Aquaculture
5.2.5 Other Animal Types

6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nutriad Asia Pacific
6.3.2 Adisseo Trading (Thailand) Co., Ltd.
6.3.3 BASF (Thai) Limited
6.3.4 Danisco Animal Nutrition
6.3.5 Alltech Thailand
6.3.6 ADM (Thailand) Ltd.
6.3.7 Cargill Siam Limited
6.3.8 DSM Nutritional Products (Thailand) Ltd
6.3.9 Kemin Industries Inc.
6.3.10 Charoen Pokphand Group
6.3.11 Eurotec Nutrition Group

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


4 of 4
  • Nutriad Asia Pacific
  • Adisseo Trading (Thailand) Co., Ltd.
  • BASF (Thai) Limited
  • Danisco Animal Nutrition
  • Alltech Thailand
  • ADM (Thailand) Ltd.
  • Cargill Siam Limited
  • DSM Nutritional Products (Thailand) Ltd
  • Kemin Industries Inc.
  • Charoen Pokphand Group
  • Eurotec Nutrition Group
Note: Product cover images may vary from those shown