The latest report by IMARC Group, titled “Asia Pacific Feed Additives Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,“ offers a comprehensive analysis of the industry, which comprises insights into the Asia Pacific feed additives market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Asia Pacific feed additives market size reached US$ 14.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.33% during 2024-2032.
Asia Pacific Feed Additives Market Overview:
Feed additives are substances added to animal feed to enhance their nutritional value, improve feed efficiency, and promote animal health and performance. They include vitamins, minerals, amino acids, enzymes, probiotics, prebiotics, and growth promoters. They can help prevent diseases and improve the overall well-being of livestock, resulting in higher productivity and enhanced quality products. They serve various purposes, such as supporting growth, optimizing digestion, strengthening immune function, and enhancing feed palatability. They play a crucial role in meeting the specific nutritional requirements of different animal species and life stages. As they ensure that animals receive all the nutrients they need for optimal growth and development, the demand for feed additives is rising in the Asia Pacific region.
Request to Get the Sample Report: https://www.imarcgroup.com/asia-pacific-feed-additives-market/requestsample
Asia Pacific Feed Additives Market Trends:
At present, increasing preferences for high-quality meat and dairy products among individuals represent one of the primary factors strengthening the growth of the market in the Asia Pacific region. Additionally, the rising adoption of feed additives through online platforms, as it allows farmers to purchase a wide range of products in a time-saving and convenient manner, is offering lucrative growth opportunities to industry investors. Apart from this, the growing demand for feed additives that reduce environmental impact is positively influencing the market in the region. In addition, the increasing adoption of feed additives that improve feed conversion ratios is propelling the market growth. Besides this, the rising prevalence of diseases in livestock, such as avian influenza and swine flu, is supporting the market growth.
Furthermore, the increasing focus on animal welfare and health is contributing to the market growth in the Asia Pacific region. In line with this, the escalating demand for functional feed additives that offer additional health benefits, such as improved meat quality and reduced use of antibiotics, along with the rising utilization of natural feed additives derived from plant extracts and organic sources, is offering a positive market outlook.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/asia-pacific-feed-additives-market
Key Market Segmentation:
Breakup by Source:
- Synthetic
- Natural
Breakup by Product Type:
- Amino Acids
- Lysine
- Methionine
- Threonine
- Tryptophan
- Phosphates
- Monocalcium Phosphate
- Dicalcium Phosphate
- Mono-Dicalcium Phosphate
- Defulorinated Phosphate
- Tricalcium Phosphate
- Others
- Vitamins
- Fat-Soluble
- Water-Soluble
- Acidifiers
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Malic Acid
- Acetic Acid
- Others
- Carotenoids
- Astaxanthin
- Canthaxanthin
- Lutein
- Beta-Carotene
- Enzymes
- Phytase
- Protease
- Others
- Mycotoxin Detoxifiers
- Binders
- Modifiers
- Flavors and Sweeteners
- Flavors
- Sweeteners
- Antibiotics
- Tetracycline
- Penicillin
- Others
- Minerals
- Potassium
- Calcium
- Phosphorus
- Magnesium
- Sodium
- Iron
- Zinc
- Copper
- Manganese
- Others
- Antioxidants
- Bha
- Bht
- Ethoxyquin
- Others
- Non-Protein Nitrogen
- Urea
- Ammonia
- Others
- Preservatives
- Mold Inhibitors
- Anticaking Agents
- Phytogenics
- Essential Oils
- Herbs and Spices
- Oleoresin
- Others
- Probiotics
- Lactobacilli
- Stretococcus Thermophilus
- Bifidobacteria
- Yeast
Breakup by Livestock:
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Breeders
- Swine
- Starters
- Growers
- Sows
- Aquatic Animal
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments
0 comment