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Asia-Pacific Poultry Feed Premix Market Size, Share, Trends, COVID-19 Impact And Growth Forecasts Report - Segmented By Ingredient Type And Country (India, China, Japan, South Korea and Australia, South Africa, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of Asia - Pacific) – Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 549
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia-Pacific Poultry Feed Premix Market Size (2024 to 2029)

The size of the Asia-Pacific poultry feed premix market is expected to be valued at USD 0.95 bn in 2024 and reach USD 1.09 bn by 2029, growing at a CAGR of 3.8% from 2024 to 2029.

Premix is defined as a uniform mixture of one or more micro-ingredients with diluent and/or carrier, which are usually required in small amounts and are not intended for direct feeding to animals.

Poultry is the most widely consumed meat in the world and its production is more than any other meat category. Poultry feed premix has become an essential part of the globally increasing livestock and meat production industries. Manufacturers supply premixes to ensure a uniform supply of nutrients to the animals and to enhance their quality and productivity. The end consumers of the Poultry Feed Premix are poultry, pigs, ruminants, fish, etc.

The growth of the Asia-Pacific poultry feed premix market is mainly driven by reasons such as the rise in global meat consumption, the rise in the mass production of meat, and the swing in consumption patterns from red meat to white meat. The increasing population in this part of the world is also supporting the growth of the Asia-Pacific meat market, ultimately increasing demand for poultry feed premix. Volatile economies and growing costs of operations are the major restrictive factors for the Asia-Pacific market.

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

Asia-Pacific Poultry Feed Premix Market – By Ingredient Type:

  • Minerals
  • Antibiotics
  • Vitamins
  • Amino Acids
  • Other Ingredients

The vitamins segment leads the poultry feed premix market, followed by the minerals segment. Vitamins and minerals have been gaining substantial growth, as they serve as a vital factor in enhancing the growth of livestock and in the growth of the immune system. The reputation of trace minerals such as zinc, manganese, iodine, and selenium for their functional benefits leads to the strong growth of this segment along with vitamins.

Asia-Pacific Poultry Feed Premix Market – By Country:

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

This region offers substantial opportunities for the Poultry Feed Premix market, with China and India being the most populous countries in this region contributing to the increasing demand. China is the major poultry feed premix manufacturer in the world and accounts for around half of the production of poultry feed premix in the Asia-Pacific region.

KEY MARKET PLAYERS:

Some of the major companies dominating the market in this region are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales.

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FAQ's

What is the current size of the Asia-Pacific poultry feed premix market?

As of the latest data, the Asia-Pacific poultry feed premix market is valued at USD 0.95 million in 2024.

Which Asian countries significantly contribute to the growth of the poultry feed premix market?

Asia-Pacific includes China, India, and Vietnam, where a burgeoning poultry industry and increasing demand for quality poultry products drive the need for feed premixes.

How does the demand for organic poultry products influence the use of feed premixes in Japan?

In Japan, the demand for organic poultry products influences the use of organic feed premixes, leading to the development of formulations compliant with organic farming practices.

Are there any specific safety regulations influencing the composition of poultry feed premixes in India?

In India, safety regulations govern the composition of poultry feed premixes, ensuring product safety for animal consumption and adherence to stringent quality standards.

How does the demand for specialty poultry products impact the feed premix market in Australia?

In Australia, the demand for specialty poultry products, such as free-range and organic options, impacts the feed premix market, leading to the development of customized formulations.

 

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