South Korea Feed Additives Market – Forecasts from 2017 to 2022
In 2022, the South Korean feed additive market is projected to reach US$ 0.148 billion, increasing from US$ 0.131 billion in 2016, growing at a CAGR of 2.14% during this period. South Korea is one of the largest feed markets in Asia which creates ample opportunities for feed additive players in this region. The booming economy and supportive governmental policies attract international players with the market. Moreover, the rising consumption of meat and rising demand for quality meat products further contributes to the feed additive market growth. However, ban on antibiotics and socio-economic instability does hamper 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.
South Korea feed additive market has been segmented on the basis of product and livestock as follows
By Product Type
- Amino Acid
- Aquatic Animals
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, and Alltech Inc.
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS