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Asia Pacific Feed Additives Market

: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Asia Pacific Feed Additives Market: By Product Type (Antibiotics, Antioxidants, Acidifiers, Vitamins and minerals, Enzymes, Amino acids, Binders), By Species (Poultry, Swine, Aquatic, Ruminants, Others), By Formulation Type (Liquids, Solids, Others), and Country

 

Asia Pacific feed additives market was valued at US$ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.

 

Market Outline: Asia Pacific Feed Additives Market

Feed additives are the ingredients added in the production of animal feed to enhance the animal nutrition and improve the nutrition properties of animal fodder. These include grains, added vitamins, fats/oils, minerals, and other nutritional & energy sources. Feed additives are available in liquids, powders, and pellets and these are help to prevent the nutritional and vitamin deficiencies in animals. Feed additives are either chemical or neutral additives.

 

Market Dynamics: Asia Pacific Feed Additives Market

Increase in meat consumption due to surge in demand for protein rich food coupled with rise in health concerns especially in the countries such as India and China are drive the Asia Pacific feed additives market. Moreover, rise in grow in R&D expenditure for the development of newer products, adoption of newer feed additive products, and grow in awareness about the livestock diseases in emerging countries such as India and China are surge the Asia Pacific feed additives market over the forecast years. However, stringent regulations for product approval, ban on certain types of antibiotics in the animal feed, high cost of feed and environmental factors leads to feed deterioration are impede the growth of Asia Pacific feed additives market.

 

Market Scope: Asia Pacific Feed Additives Market

Asia Pacific feed additives market is segmented based on product type, livestock type, formulation, and end user

Based on the product type, Asia Pacific feed additives market segmented as follows

  • Antibiotics
  • Antioxidants
  • Acidifiers
  • Vitamins and minerals
  • Enzymes
  • Amino acids
  • Binders

Based on species, Asia Pacific feed additives market segmented as follows

  • Poultry
  • Swine
  • Aquatic
  • Ruminants
  • Others

Based on formulation type, Asia Pacific feed additives market segmented as follows:

  • Liquids
  • Solids
  • Others

Based on Country, Asia Pacific feed additives market segmented as follows:

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia Pacific

 

Regional Analysis: Asia Pacific Feed Additives Market

Geographically, Asia Pacific feed additives market is segmented into Japan, China, India, Australia & New Zealand, ASEAN countries, South Korea, and Rest of Asia Pacific. Japan feed additives market is poised to grow due to surge in the demand for healthy meat and other livestock products, rise in disposable income, and adoption of newer products in the country are bolster the market. China feed additives market has prominent share attributed to expansion of business by the market players in various country, launch of newer products by the market players, and grow in international trading of livestock products are fuel the market. India feed additives market has a lucrative growth over the forecast period attributed to rise in animal healthcare expenditure, frequent launching of newer products, and grow in consumption of meat due to rise in population are upsurge the revenue of market.

 

Competition Assessment: Asia Pacific Feed Additives Market

Some of the players in the Asia Pacific feed additives market include:

  • Nutreco N.V. (The Netherlands)
  • Koninklijke DSM N.V. (The Netherlands)
  • Charoen Popkhand Foods (Thailand)
  • Evonik Industries AG (Germany)
  • InVivo Nutrition Et Sante Animales (France)
  • Novus International Inc. (U.S)
  • Novozymes (Novo Holdings A/S) (Denmark)
  • Adisseo (China)
  • BASF SE (Germany)
  • Kemin Industries (U.S)
  • Archer Daniels Midland Company (U.S)
  • Cargill Inc. (U.S)

 Notable Market Developments: Asia Pacific Feed Additives Market

  • In February 2018, Adisseo completed the acquisition of Belgian feed additives firm Nutriad for the expansion of business in Europe