APAC Feed Additives Market

Asia Pacific Feed Additives Market (2024 to 2029)

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.

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 Analysis 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 Analysis 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 Analysis By Form

• Dry
• Liquid

Asia Pacific Feed Additives Market Analysis By Source

• Natural
• Synthetic

COUNTRY ANALYSIS

• 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.