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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Asia Pacific Feed Additives Market: By Product Type, By Species, By Formulation Type, By Source and Country
Asia Pacific Feed Additives Market: By Product Type, By Species, By Formulation Type, By Source and Country
Asia Pacific Feed Additives Market size was valued at US$ 13,729.5 million in 2023 and is projected to grow at 4.3% CAGR from 2024–2030. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animal’s performance and health. The demand for animal products, adoption of modern farming practices, consumption of poultry and rapid urbanization these are the driven factors of the market.
However, some factors limit the market growth which include sustainability of feed and livestock is a major challenge, the cost of raw materials are increasing, operational costs for animal feed production are increasing and strict regulations to approve new products. Some key trends in the market include increasing investments in aquaculture, digital marketing and distribution channels these trends indicate a growing focus on sustainable, efficient, and technologically advanced feed additives that provide the region's evolving livestock and also demand for animal products, growing preference for processed food, rapid urbanization. The Asia-Pacific feed additives market presents significant opportunities due to the region's growing demand for animal protein, industrial-scale livestock farming, and emerging economies. Some key opportunities in this market include, increasing demand for meat & dairy products, shift to sustainable animal nutrition like using organic trace minerals, probiotics, and enzymes and technological advancements in animal nutrition.
There is a greater demand for meat, dairy products, and eggs, particularly in nations like China, India, and Southeast Asia. The need for effective animal feed to increase livestock productivity is fuelled by this development in demand. Urbanisation and shifting dietary patterns: As a greater number of people in the area move into cities, their diets often include more foods high in protein, which increases the need for animal products and, consequently, feed additives to sustain higher production levels. The usage of feed additives including vitamins, amino acids, enzymes, and probiotics has increased as a result of the necessity to maintain the wellbeing and growth of livestock. Due to the substantial impact livestock diseases can have on productivity and financial results, feed additives that boost immunity, lower the stress.
The Asia Pacific region accounted for the largest share, in terms of value, of USD 13,729.5 million, of the global feed additives market in 2023 and is expected to grow at a CAGR of 4.3% in the coming forecast years. Probiotics, prebiotics, binders, minerals, and amino acids were the main feed additive categories utilised in livestock feed in the Asia-Pacific area in 2022. In terms of value, they accounted for 61.2% of the entire feed additives market. China held a significant share value of 42.1% in Asia-Pacific in 2023, the country's increased feed output, which increased from a huge million metric tonnes and was the reason for China's high share percentage. The need for feed additives rose as a result of the rise in feed production.?
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Market Size in 2023 |
US$ 13,729.5 million |
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By Product Type |
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By Species |
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By Formulation Type |
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By Source |
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By Region |
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Asia pacific feed additives market size was valued at US$ 13,729.5 million in 2023 and is projected to grow at a 4.3% CAGR from 2024–2030.
In the market, China and Vietnam regions are dominating the market.
DSM Nutritional Products AG, Evonik Industries AG, Lonza Biologicals, ADM management company, Novozymes Investment Co. Ltd. These are the key market players in the market.
Poultry species majorly uses the feed additives in the market.
| 1.Executive Summary |
| 2. Asia Pacific Feed Additives Market Introduction |
| 2.1. Asia Pacific Feed Additives Market - Taxonomy |
| 2.2. Asia Pacific Feed Additives Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Species |
| 2.2.3.Formulation Type |
| 2.2.4.Source |
| 2.2.5.Region |
| 3. Asia Pacific Feed Additives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Asia Pacific Feed Additives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Feed Additives Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Antibiotics |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Antioxidants |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Acidifiers |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Vitamins and minerals |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Enzymes |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Amino acids |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Binders |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Asia Pacific Feed Additives Market By Species, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Poultry |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Swine |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Aquatic |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Ruminants |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Asia Pacific Feed Additives Market By Formulation Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Liquids |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Solids |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Others |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Asia Pacific Feed Additives Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Synthetic |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Natural |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Asia Pacific Feed Additives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Asia Pacific (APAC) |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. China |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. India |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Australia and New Zealand (ANZ) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Rest of APAC |
| 9.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.6.3. Market Opportunity Analysis |
| 10.Asia Pacific (APAC) Asia Pacific Feed Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Antibiotics |
| 10.1.2.Antioxidants |
| 10.1.3.Acidifiers |
| 10.1.4.Vitamins and minerals |
| 10.1.5.Enzymes |
| 10.1.6.Amino acids |
| 10.1.7.Binders |
| 10.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Poultry |
| 10.2.2.Swine |
| 10.2.3.Aquatic |
| 10.2.4.Ruminants |
| 10.2.5.Others |
| 10.3. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Liquids |
| 10.3.2.Solids |
| 10.3.3.Others |
| 10.4. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Synthetic |
| 10.4.2.Natural |
| 11.China Asia Pacific Feed Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Antibiotics |
| 11.1.2.Antioxidants |
| 11.1.3.Acidifiers |
| 11.1.4.Vitamins and minerals |
| 11.1.5.Enzymes |
| 11.1.6.Amino acids |
| 11.1.7.Binders |
| 11.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Poultry |
| 11.2.2.Swine |
| 11.2.3.Aquatic |
| 11.2.4.Ruminants |
| 11.2.5.Others |
| 11.3. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Liquids |
| 11.3.2.Solids |
| 11.3.3.Others |
| 11.4. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Synthetic |
| 11.4.2.Natural |
| 12.India Asia Pacific Feed Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Antibiotics |
| 12.1.2.Antioxidants |
| 12.1.3.Acidifiers |
| 12.1.4.Vitamins and minerals |
| 12.1.5.Enzymes |
| 12.1.6.Amino acids |
| 12.1.7.Binders |
| 12.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Poultry |
| 12.2.2.Swine |
| 12.2.3.Aquatic |
| 12.2.4.Ruminants |
| 12.2.5.Others |
| 12.3. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Liquids |
| 12.3.2.Solids |
| 12.3.3.Others |
| 12.4. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Synthetic |
| 12.4.2.Natural |
| 13.Australia and New Zealand (ANZ) Asia Pacific Feed Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Antibiotics |
| 13.1.2.Antioxidants |
| 13.1.3.Acidifiers |
| 13.1.4.Vitamins and minerals |
| 13.1.5.Enzymes |
| 13.1.6.Amino acids |
| 13.1.7.Binders |
| 13.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Poultry |
| 13.2.2.Swine |
| 13.2.3.Aquatic |
| 13.2.4.Ruminants |
| 13.2.5.Others |
| 13.3. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Liquids |
| 13.3.2.Solids |
| 13.3.3.Others |
| 13.4. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Synthetic |
| 13.4.2.Natural |
| 14.Latin America Asia Pacific Feed Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Antibiotics |
| 14.1.2.Antioxidants |
| 14.1.3.Acidifiers |
| 14.1.4.Vitamins and minerals |
| 14.1.5.Enzymes |
| 14.1.6.Amino acids |
| 14.1.7.Binders |
| 14.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Poultry |
| 14.2.2.Swine |
| 14.2.3.Aquatic |
| 14.2.4.Ruminants |
| 14.2.5.Others |
| 14.3. Formulation Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Liquids |
| 14.3.2.Solids |
| 14.3.3.Others |
| 14.4. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Synthetic |
| 14.4.2.Natural |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Nutreco N.V. (The Netherlands) |
| 15.2.2.Koninklijke DSM N.V. (The Netherlands) |
| 15.2.3.Charoen Popkhand Foods (Thailand) |
| 15.2.4.Evonik Industries AG (Germany) |
| 15.2.5.InVivo Nutrition Et Sante Animales (France) |
| 15.2.6.Novus International Inc. (U.S) |
| 15.2.7.Novozymes (Novo Holdings A/S) (Denmark) |
| 15.2.8.Adisseo (China) |
| 15.2.9.BASF SE (Germany) |
| 15.2.10.Kemin Industries (U.S) |
| 15.2.11.Archer Daniels Midland Company (U.S) |
| 15.2.12.Cargill Inc. (U.S) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.