The Japan feed additive market is projected to witness a compounded annual growth rate of 6.13% to grow to US$639.974 million by 2027, from US$421.853 million in 2020.
The key driver influencing the market for animal feed is the high consumption of meat-related products in the country. According to the agriculture ministry of Japan, total meat consumption adds to 89.7 grams per capita per day. Japan being a health-conscious country has a high stander for meat quality and safety. The government of Japan has a strict framework regarding feed additives and comes under Food and Agricultural Materials Inspection Centre (FAMIC). Further, increasing the industrialization of meat production is another key driver driving the market growth. With increasing, mass production of meat, and livestock in accordance with strict guidelines are anticipated to propel the market in the coming years.
Further, increasing research and technology are anticipated to add to the market, for instance, a study conducted by the University of Tokyo suggests tastier pork comes from pigs that eat the barley leftover after making the Japanese liquor shochu. According to a team of professional brewers and academic farmers, nutrients in the leftover fermented barley may lessen the stress on the animals and produce better-tasting sirloin and fillets.
Growth Factor:
increasing consumption of meat
The increasing consumption of meat plays an important role in the feed additive market. As per OECD, the poultry meat consumption has reached 17.785 Kg per capita in 2021 which was only 16.315 Kg per capita in 2016 and is expected to reach 18.122 Kg per capita in 2026. This trend can be observed in the following chart. According to OECD, poultry meat is expected to reach 18.4 Kilograms per capita by 2029. Similarly, Pork is expected to reach 15.9 Kilograms per capita, beef and veal are expected to reach 7.7 Kilograms per capita, and Sheep meat is expected to reach 0.1 Kilograms per capita in the same year. Japan has a high demand for fish. Aquaculture is a prominent sector in the region. According to Japan’s Fisheries Agency, domestic fish and seafood consumption amount to about 7.24 million metric tons. And Japan contributes 52% to the total demand. ALIC indicated that Japan consumes poultry at a rate of about 53% for food services, 40% for households, and 7% for food processing. Following the Government of Japan's (GOJ) COVID-19 vaccination program and anticipated relaxation of travel restrictions, USDA forecasted that Japan's consumption of chicken will continue to rise in 2022.
COVID-19 Impact:
The COVID-19 pandemic had a negative impact on Japan feed additives market. The robust outbreak of the virus and its exponential spread resulted in the implementation of a nationwide lockdown. Trade constraints resulted in supply chain constraints in the feed additives market, which hampered the market growth. Furthermore, demand for meat and pork was also shaken by the pandemic, owing to healthcare concerns and cautiousness, which contracted the demand for feed additives by the animal husbandry industry.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$421.853 million |
| Market Size Value in 2027 | US$639.974 million |
| Growth Rate | CAGR of 6.13% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Product Type, And Livestock |
| Companies Covered | Bayer AG, Kohkim Chemical co. LTD., Sinsui Inc., Cargill Inc., BASF SE, Japan Nutrition Co, Ltd., Feedone Co. Ltd., Lallemand Inc., Daiwa Fine Chemicals Co., Ltd, Alltech Inc. |
| Customization Scope | Free report customization with purchase |
Market segmentation: