Asia Pacific Feed Additives Market - Forecasts from 2018 to 2023
Asia Pacific feed additives market is projected to reach US$ 9.263 billion in 2022, increasing from US$ 6.528 billion in 2016, growing at a CAGR of 6.01% during this period.
Asia Pacific is expected to be the fastest growing feed additive market because of rising population combined with the increase in per-capita meat consumption with respect to growth in middle-class spending capacity, especially in South Korea, China, and India. In addition to this, adoption and implementation of innovative animal husbandry practices further, drives the feed additive market in this region. The outbreak of disease coupled with rising health concern pressurizes regional governments to form regulation in order to standardize animal products which, in turn, create ample opportunities for future market growth. In addition to this, factors like the modernization of retail trends, an increase in the number of fast food chains and favorable demographics attract various players across the globe while augmenting the market growth. Indian feed additive market is expected to growth at the fastest rate followed by china owing to high population base coupled with rising meat consumptions.
This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.
In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Asia Pacific feed additive Market has been segmented on the basis of product, livestock, and geography as follows
- By Product Type
- Amino Acid
- By Livestock
- Aquatic Animals
- By Country
- South Korea
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Cargill Incorporated, BASF SE, Novozymes, Adisseo France SAS, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc. and Elanco Animal Health.