China Feed Additives Market - Forecasts from 2018 to 2023
In 2022, the China feed additives market is projected to reach US$ 4.956 billion, increasing from US$ 3.394 billion in 2016, growing at a CAGR of 6.51% during this period. Many factors contribute to this growth like growing economy, market reform, growing awareness, and government supportive policies. However, the major factor contributing to the feed additive market growth in china is its high consumption of meat and dairy products and this growth is expected to climb sharply due to large population base coupled with strong growth in per capita income. The players within the market are highly focusing on technological advancement for product innovation which, in turn, creates ample opportunities for market growth. However, new dietary guidelines introduced by China’s health ministry recommend reducing the meat consumption in order to decrease greenhouse gas emission and thereby impact the feed additive market growth negatively. Moreover, lack of adequate intellectual property guidelines also restraints the market growth.
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.
China feed additive market has been segmented on the basis of product and livestock as follows
By Product Type
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, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc., Elanco Animal Health and Novus International.
ARCHER DANIELS MIDLAND COMPANY
ELANCO ANIMAL HEALTH