Asia Pacific Feed Additives Market Size, Scope 2022-2028
The asia pacific feed additives market size was valued at USD x billion in 2021, growing at a CAGR of x% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Asia Pacific Feed Additives Market: By Product Type (Antibiotics, Antioxidants, Acidifiers, Vitamins and minerals, Enzymes, Amino acids, Binders), By Species (Poultry, Swine, Aquatic, Ruminants, Others), By Formulation Type (Liquids, Solids, Others), and Country- Global/Region/Country Forecast to 2028’.
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Increasing awareness about livestock diseases in emerging countries is fuelling the Asia Pacific Feed Additives Market
Enhancing the animal nutrition and improving nutrition properties of animal fodder with adding feed additives in the animal feed production. These include fats/oils, grains, added vitamins and other nutritional and energy sources. These additives are either chemical or neutral and are available in pellets, liquids and powders to help in preventing the vitamin and nutritional deficiencies in animals. Increasing R&D expenditure to develop novel products, growing consciousness regarding livestock illnesses in emerging economies like China and India and huge adoption of novel feed additive products are the factors fuel the growth of the Asia Pacific feed additives market over the evaluation time span. In addition, increase in the meat consumption because of the growing demand for food rich in protein and increasing health related problems particularly in the countries like China and India impel the market. On the other hand, high price of feed and environmental factors, strict regulations for the approval of product and ban on certain kinds of antibiotics in the animal feed are obstructing the Asia pacific feed additives market growth.
Regional Analysis – Asia Pacific Feed Additives Market
On the basis of regional analysis, Asia Pacific feed additives market is categorized into India, China, South Korea, ASEAN countries, New Zealand and Rest of Asia pacific. Growing adoption of new products in the economy, increasing demand for healthy meat and other livestock products and growing disposable income are reinforcing the market growth. China feed additives market is also witnessing important growth attributed to the introduction of new products by the major players, increase in international trading of livestock products and business expansion by different key layers in different countries. India feed additives market records profitable growth over the estimation time span due to frequent release of novel products and increase in animal healthcare expenditure.
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Competitive Analysis - Asia Pacific Feed Additives Market
A few of the key players working in the Asia Pacific feed additives market are Nutreco N.V. (The Netherlands), Koninklijke DSM N.V. (The Netherlands), Evonik Industries AG (Germany), InVivo Nutrition Et Sante Animales (France), Novus International Inc. (U.S), Novozymes (Novo Holdings A/S) (Denmark), Adisseo (China), BASF SE (Germany), Kemin Industries (U.S), Archer Daniels Midland Company (U.S) and Cargill Inc. (U.S). Key players in the market hugely focus on adopting collaborations, acquisitions and novel product launches to retain their position in the market.
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