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Asia-Pacific Feed Additives Market Research Report – Segmented By Type, Livestock, Form, Source, and Country (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 279
Pages: 145
Formats: report pdf report excel report power bi report ppt

APAC Feed Additives Market (2023 to 2028)

The Asia Pacific feed additives market is expected to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2028.

One of the major driving factors that help the growth of the Asia Pacific feed additives market is the increased production of livestock across the area. Increasing preference for processed food and growing consumption of poultry and pork as sources of protein are some of the driving factors of the Asia Pacific Feed Additives market. Rapid urbanization is also one of the crucial driving factors that propel the growth of the market in this locale.

Strict regulations required for approving new products into the market are a growth-affecting factor in the Asia Pacific feed additives market. The sustainability of feed and livestock is one of the major challenging factors that is limiting the expansion of the Asia Pacific feed additives market.

Impact of COVID-19 on Asia Pacific feed additives market:

The coronavirus pandemic has had its impact on all businesses in three ways direct effect on production, disruption in the supply chain, and market disturbance due to financial losses. COVID-19 has an impact on various sectors like restaurants, manufacturing units, flights, traveling and so many that have halted their services. Due to the coronavirus, the Asia Pacific feed additives market is also facing difficulties and witnessed huge financial losses due to financial crises in the manufacturing industries. As per the market analysis, the industry experts hope that the target market will reach its normal stage with the development of the vaccine for this pandemic. As we all are aware in most countries, the government has already lifted the lockdown and gave permission for the companies to start their businesses with strict rules and regulations.

This market research report on the Asia Pacific feed additives market is segmented and sub-segmented into the following categories.

Asia Pacific Feed Additives Market – By Type:

  • Vitamins
  • Acidifiers
  • Amino acids
  • Phosphates
  • Carotenoids
  • Enzymes
  • Mycotoxin detoxifiers
  • Flavors & sweeteners
  • Antibiotics
  • Minerals
  • Antioxidants
  • Non-protein nitrogen
  • Phytogenics
  • Preservatives and probiotics

Among these, the mineral segment holds the prominent share of the regional market in terms of volume as they are essential for sustaining and improving the health of the livestock.

Asia Pacific Feed Additives Market – By Livestock:

  • Ruminants
    • Dairy
    • Beef
    • Calf
    • Goats
    • Sheep
  • Poultry
    • Broilers
    •  Layers and breeders
  • Swine
    • Starter
    • Sow and grower
  • Aquatic animal
  • Others, such as equine and pets

Asia Pacific Feed Additives Market – By Form:

  • Dry
  • Liquid

Asia Pacific Feed Additives Market – By Source:

  • Natural
  • Synthetic

Asia Pacific Feed Additives Market – By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Asia Pacific region has the largest share of the feed additives market because of the increased production of livestock across the area, especially in some of the emerging economies such as China and India, which propels the growth of the Feed Additives market in the Asia Pacific locale.

KEY MARKET PLAYERS:

Some of the key players in the Asia Pacific feed additives market are Evonik (SEA) Pte. Ltd., DuPont Asia-Pacific Ltd, Novozymes (China) Investment Co. Ltd, BASF Asia-Pacific, DSM Dyneema, Adisseo Asia-Pacific Pte Ltd, Cargill Asia-Pacific Holdings Pte Limited, Lonza Biologics Tuas Pte Ltd, ADM (Shanghai) Management Company, and Chr. Hansen (Beijing) Trading Co., Ltd.

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FAQ's

What Is The Expected Growth Rate Of The Asia Pacific Feed Additives Market?

The Asia Pacific feed additives market is expected to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2028.

What Are The Dominating Factors In Asia Pacific Feed Additives Market?

The mineral segment holds a prominent share of the regional market in terms of volume as they are essential for sustaining and improving the health of the livestock.

What Are The Key Market Players Involved In Asia Pacific Feed Additives Market?

Some of the key players in the Asia Pacific Feed Additives market are Evonik (SEA) Pte. Ltd., DuPont Asia-Pacific Ltd, Novozymes (China) Investment Co. Ltd, BASF Asia-Pacific, DSM Dyneema, Adisseo Asia-Pacific Pte Ltd, Cargill Asia-Pacific Holdings Pte Limited, Lonza Biologics Tuas Pte Ltd, ADM (Shanghai) Management Company, and Chr. Hansen (Beijing) Trading Co., Ltd.

 

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