Asia-Pacific Feed Premix Market

Description

The Asia-Pacific market has emerged to be the market leader in the Feed Premix industry. The Asia-Pacific Feed premix market has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Although the macronutrients market dominates the mineral feed additives market, feed premix market, which consists of a mixture of micronutrients and trace elements, has helped the micronutrients segment to show a noticeable growth in recent years. Growing awareness about animal health, changing food habits and rising awareness about the side-effects of chemical additives in processed meat have helped the market to grow.

Market Dynamics:

Enhanced industrialization of the livestock industry, growth of the compound feed and feed additives industry and an overall growth in the consumption of meat have been the key factors in the development of feed premix market in the Asia-Pacific region. Growing organization in the animal foods industry and recent findings in the field of animal nutrition have helped the feed premix market to grow recently. For maximum efficacy, the provision of supplements has to be done in a regulated manner. Increasing research is being done to find out the effect of various elements on growth and development of animals and the perfect combination of a premix of nutrients for optimum results. Often, two minerals, equally important, cannot be given together, due to metabolism issues of the animal. Thus, the research in this industry only focuses on developing an efficient combination of supplementary minerals, but an overall- more wholesome feed with all the essential minerals. The end consumers of feed premix are compound feed manufacturers, integrators, farmers, home-mixers, livestock, and aquaculture industry. Supplementary minerals in the diets of animals are safer than additives that are used to get the desired texture and shelf life of meat. Increasing awareness about the side-effects of the additives and governments’ regulations regarding the same, especially those imposed by the European Union have also shaped the industry. Adoption of intensive animal farming, especially in south-eastern nations of Asia, like Thailand, Vietnam, Malaysia, etc. has provided new regions to thrive in

Market Segmentation:

On the basis of ingredients, the market is broadly divided into Amino Acids, Antibiotics, Antioxidants, Vitamins, Minerals, etc. The Vitamins comprise of largest market share. On the basis of animal type, the market is divided into Pork, Dairy, Fish and Poultry feed. The Poultry feed segment has always been dominant in terms of market share. Pork is the fastest growing segment in the region. Fish Feed is the potential market especially in China, India, and Thailand due to the recent and continuous adoption of aquaculture in the region.

Geographical Analysis:

China has the largest market share in the Asia-Pacific Feed premix market, mainly because of the presence of a large meat-consuming population and industrialization of the meat industry. Other prominent consumers in the market include India, Vietnam, Japan, Australia and South Korea. The market is expected to show a high, yet, a steady growth rate in India and China. Recent government initiatives in the South-East Asian nations like Thailand and Indonesia to strengthen trade relationships for animal food exports have indirectly helped the growth of Feed Premix industry in the region.

Key Players

Some of the key players in the region include DBN Group (China), Cargill Inc. (U.S.), Land O Lakes Feed (U.S.), Charoen Pokphand (Thailand), and Archer Daniels Midland (U.S.)