Asia Pacific Feed Minerals Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.20 Billion |
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Market Size (2029) | USD 1.48 Billion |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 4.24 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Feed Minerals Market Analysis
The Asia-Pacific Feed Minerals Market size is estimated at 1.20 billion USD in 2024, and is expected to reach 1.48 billion USD by 2029, growing at a CAGR of 4.24% during the forecast period (2024-2029).
1.20 Billion
Market Size in 2024 (USD)
1.48 Billion
Market Size in 2029 (USD)
6.22 %
CAGR (2017-2023)
4.24 %
CAGR (2024-2029)
Largest Market by Sub-Additive
88.36 %
value share, Macrominerals, 2023
Macrominerals is the largest segment as they provide nutrients and play an important role in the metabolic functions of livestock. Their demand also grew due to increased demand for milk, meat, and egg products.
Largest Market by Country
45.36 %
value share, China, 2023
China is the largest market because of the increased livestock population and demand for meat and dairy.
Fastest-growing Market by Sub-Additive
4.28 %
Projected CAGR, Macrominerals, 2024-2029
Macrominerals is the fastest sub-additive in the market due to the increase in the livestock population. Poultry animals are the largest consumers of minerals.
Fastest-growing Market by Country
5.20 %
Projected CAGR, Japan, 2024-2029
Japan is the fastest-growing market due to increased feed production and demand for livestock products such as milk and eggs.
Leading Market Player
9.36 %
market share, Cargill Inc., 2022
Cargill Inc. is the market leader because it has a distribution partnership with BASF SE and around 22 manufacturing facilities for minerals in Vietnam and China.
- The Asia-Pacific feed mineral market is a growing segment in the feed additives market. It accounted for a 10.7% market share in terms of value in 2022. This market segment grew significantly by 38.0% from 2017 to 2022 due to the increasing demand for high-quality meat. Poultry was the largest user of minerals, accounting for 44.0% of the Asia-Pacific feed minerals market in 2022. Swine, ruminants, and aquaculture followed with 26.7%, 18.5%, and 9.9% shares, respectively.
- Macrominerals are expected to be the fastest-growing segment in the minerals market, registering a CAGR of 4.3% during 2023-2029. In 2022, macrominerals accounted for USD 980.5 million, which is 9.4% of the feed additives market. Poultry is also the largest user of macrominerals, accounting for 43.1% of the Asia-Pacific macrominerals market. Swine and ruminants held the region's second- and third-largest market share, accounting for 26.2% and 20.1% of the market by value, respectively.
- Microminerals are estimated to grow and register a CAGR of 3.8% during the forecast period, accounting for 11.6% of the Asia-Pacific feed minerals market. The poultry segment is the largest user of microminerals, accounting for 50.3% of the market by value in 2022. The swine and aquaculture segments are the second- and third-largest users, accounting for 30.7% and 10.9% of the market by value, respectively. The demand for microminerals increases in stressful circumstances that change an animal's physiological requirements.
- The increasing demand for high-quality meat is expected to boost the Asia-Pacific feed minerals market, registering a CAGR of 4.2% during 2023-2029. The market growth is attributed to the rising demand for meat and the increasing awareness of the benefits of using feed minerals in animal nutrition.
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- The Asia-Pacific feed additives market saw significant growth in 2022, with feed minerals accounting for around 10.7% of its value and 18.3% of its volume. The market is projected to record a CAGR of 4.2% over the forecast period. Minerals are a crucial component of livestock feed, as they support metabolic functions when consumed in substantial amounts.
- In the Asia-Pacific region, macrominerals were the most widely used feed minerals in animal feed, with a market value of USD 980.6 million in 2022. Poultry birds and swine were the largest consumers of these minerals, accounting for 44% and 26.7% of the market share, respectively.
- China was the biggest market for feed minerals in the Asia-Pacific region, with a market size of USD 501.6 million in 2022, largely due to a high per capita meat consumption rate, which reached 45.7 kg in 2020 and is projected to continue growing over the forecast period. The country's expanding livestock population, which grew by 1.8% from 2017 to 2022, and the shift toward organized livestock production were also factors that contributed to the market's growth.
- Japan was the fastest-growing country in the region, expected to record a CAGR of 5.2% during the forecast period from USD 65.0 million in 2022 to USD 92.5 million in 2029.
- India was the second-largest market for feed minerals in the region, with a CAGR of 4.9% during the forecast period, making it the second-fastest-growing country. Ruminants were the primary consumers of feed minerals, accounting for 52.4% of the market in terms of value in 2022.
- The growing use of feed minerals to fulfill animals' nutritional requirements is projected to drive the feed minerals market in the Asia-Pacific region.
Asia-Pacific Feed Minerals Market Trends
The growing disposable income in developing countries of Asia-Pacific and government support schemes for poultry industry, and China is largest producer of eggs are helping in growth of poultry population in the region
- The Asia-Pacific region dominated the global agricultural sector, with poultry being the largest segment, accounting for 42.4% of global poultry production in 2022. This increase in poultry consumption is driven by a rise in popularity, rapid urbanization, and growing disposable incomes in developing countries such as India and Vietnam, which recorded a 37.3% increase in poultry population in 2021 from 2017.
- In 2021, China, Indonesia, and India held a significant share of the poultry market in the region, with market shares of 39.7%, 25.3%, and 5.7%, respectively. This growth in demand for poultry products can be attributed to increased demand for eggs, meat, and government schemes that support the poultry industry. For instance, the Department of Animal Husbandry and Dairy in India is introducing capital fund schemes to support poultry businesses, educating farmers on improving their yield quality, and boosting the market growth.
- China was the largest producer of eggs in the world, with consumption and production accounting for over 40% of global production in 2022. With over 900 million stock-laying hens and the country's largest layer poultry farming center hatching 60 million chicks per year, the country's layer farming recorded significant growth.
- Broiler production in the region is also growing rapidly due to the increased consumer demand for chicken meat. The Philippines, for instance, recorded a 2.2% increase in chicken meat production in 2021 from 2017. As such, the region's poultry production is expected to increase further, driven by a shift in consumer preferences toward poultry meat and the rapid development of the poultry industry. This growth in poultry production is expected to lead to an increase in demand for feed additives.
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Improvement in fish farming technologies, expansion in number of feed mills and Indian government initiatives are helping in increasing the aquaculture feed production
- The Asia-Pacific region was a major player in the global aquaculture feed production market, with fish and shrimp being the primary products. In 2021, the region produced 37.6 million metric tons of aquaculture feed, which accounted for 8.7% of the region's total feed production. Several countries in the region are focusing on expanding their aquaculture production and intensification through technological advancements and increased use of feed to meet the growing demand.
- India, for instance, increased its budget allocation to the Department of Fisheries to boost production. Fish had a significant share of aquaculture feed, accounting for 31.1 million metric tons in 2022, an increase from 66% compared to 2017. This growth was due to the conversion of agricultural land to aquaculture ponds, the improvement of fish farming technologies, and the intensification of production.
- Shrimp feed production accounted for 4.2% of the aquafeed production in the region in 2022. It is expected to increase rapidly during the forecast period as some countries in the region started implementing a self-sufficient aquaculture system through a number of government initiatives to increase the production of certified sustainable seafood.
- China dominated the aquafeed market in the Asia-Pacific region, accounting for 51.2% of the market share in 2022 due to increased feed mills with higher capacities. For instance, AB Agri opened its ninth feed mill in China, a plant with an annual capacity of 240,000 tons. Factors such as an increase in aquaculture production, expansion of aqua farming, and rise in consumption of feed are expected to drive the growth of aquafeed production in the region during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- China has the largest sheep and goats in the region and Asia-Pacific region's ruminants population is growing owing to high profit margins in beef business and surge in demand for milk products
- The high demand for broiler feed, increase in Indonesia's poultry bird population and recovery from avian influenza are increasing the demand for poultry feed production
- Increase in large scale farms in China by 16,000, and introduction of new animal-rearing practices are increasing the swine feed production in the region
- Asia-Pacific is the leading producer of pork meat and changes in food consumption pattern of people with high consumption in South Korea and China are the factors driving the increase in the swine population
- High number of dairy cattle producers, demand for increasing milk yield and government schemes are increasing the demand for nutrient rich ruminant feed
Asia Pacific Feed Minerals Industry Overview
The Asia-Pacific Feed Minerals Market is fragmented, with the top five companies occupying 36.84%. The major players in this market are Archer Daniel Midland Co., BASF SE, Cargill Inc., SHV (Nutreco NV) and Solvay S.A. (sorted alphabetically).
Asia Pacific Feed Minerals Market Leaders
Archer Daniel Midland Co.
BASF SE
Cargill Inc.
SHV (Nutreco NV)
Solvay S.A.
Other important companies include Adisseo, Kemin Industries, MIAVIT Stefan Niemeyer GmbH, Novus International, Inc., Phibro Animal Health Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific Feed Minerals Market News
- January 2023: Novus International acquired the Biotech company Agrivida to develop new feed additives.
- April 2022: Novus International opened a new corporate office in India. This helps the company to improve its market and access the advantage of the location.
- December 2021: Nutreco partnered with the tech start-up Stellapps. This will give accessibility for the company to sell feed products, premixes, and feed additives to three million smallholder farmers using Stellapps’ technology.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers difficult-to-find data of various regions on feed production through various animal categories such as Ruminants, Poultry, Swine, and Aquaculture.
Asia Pacific Feed Minerals Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Animal Headcount
- 4.1.1 Poultry
- 4.1.2 Ruminants
- 4.1.3 Swine
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4.2 Feed Production
- 4.2.1 Aquaculture
- 4.2.2 Poultry
- 4.2.3 Ruminants
- 4.2.4 Swine
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4.3 Regulatory Framework
- 4.3.1 Australia
- 4.3.2 China
- 4.3.3 India
- 4.3.4 Indonesia
- 4.3.5 Japan
- 4.3.6 Philippines
- 4.3.7 South Korea
- 4.3.8 Thailand
- 4.3.9 Vietnam
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Sub Additive
- 5.1.1 Macrominerals
- 5.1.2 Microminerals
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5.2 Animal
- 5.2.1 Aquaculture
- 5.2.1.1 By Sub Animal
- 5.2.1.1.1 Fish
- 5.2.1.1.2 Shrimp
- 5.2.1.1.3 Other Aquaculture Species
- 5.2.2 Poultry
- 5.2.2.1 By Sub Animal
- 5.2.2.1.1 Broiler
- 5.2.2.1.2 Layer
- 5.2.2.1.3 Other Poultry Birds
- 5.2.3 Ruminants
- 5.2.3.1 By Sub Animal
- 5.2.3.1.1 Beef Cattle
- 5.2.3.1.2 Dairy Cattle
- 5.2.3.1.3 Other Ruminants
- 5.2.4 Swine
- 5.2.5 Other Animals
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5.3 Country
- 5.3.1 Australia
- 5.3.2 China
- 5.3.3 India
- 5.3.4 Indonesia
- 5.3.5 Japan
- 5.3.6 Philippines
- 5.3.7 South Korea
- 5.3.8 Thailand
- 5.3.9 Vietnam
- 5.3.10 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Adisseo
- 6.4.2 Archer Daniel Midland Co.
- 6.4.3 BASF SE
- 6.4.4 Cargill Inc.
- 6.4.5 Kemin Industries
- 6.4.6 MIAVIT Stefan Niemeyer GmbH
- 6.4.7 Novus International, Inc.
- 6.4.8 Phibro Animal Health Corporation
- 6.4.9 SHV (Nutreco NV)
- 6.4.10 Solvay S.A.
7. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Global Market Size and DROs
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF POULTRY, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 2:
- POPULATION OF RUMINANTS, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 3:
- POPULATION OF SWINE, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 4:
- PRODUCTION VOLUME OF AQUACULTURE FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 5:
- PRODUCTION VOLUME OF POULTRY FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 6:
- PRODUCTION VOLUME OF RUMINANTS FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 7:
- PRODUCTION VOLUME OF SWINE FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 8:
- VOLUME OF FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF MACROMINERALS FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VALUE OF MACROMINERALS FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE SHARE OF MACROMINERALS FEED MINERALS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 17:
- VOLUME OF MICROMINERALS FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE OF MICROMINERALS FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE SHARE OF MICROMINERALS FEED MINERALS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 20:
- VOLUME OF FEED MINERALS BY ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VALUE OF FEED MINERALS BY ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VOLUME SHARE OF FEED MINERALS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 23:
- VALUE SHARE OF FEED MINERALS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 24:
- VOLUME OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VOLUME SHARE OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 27:
- VALUE SHARE OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 28:
- VOLUME OF FISH FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VALUE OF FISH FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE SHARE OF FISH FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 31:
- VOLUME OF SHRIMP FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VALUE OF SHRIMP FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE SHARE OF SHRIMP FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 34:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VALUE OF OTHER AQUACULTURE SPECIES FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 37:
- VOLUME OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VOLUME SHARE OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 40:
- VALUE SHARE OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 41:
- VOLUME OF BROILER FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE OF BROILER FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 43:
- VALUE SHARE OF BROILER FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 44:
- VOLUME OF LAYER FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE OF LAYER FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 46:
- VALUE SHARE OF LAYER FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 47:
- VOLUME OF OTHER POULTRY BIRDS FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VALUE OF OTHER POULTRY BIRDS FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 49:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 50:
- VOLUME OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VOLUME SHARE OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 53:
- VALUE SHARE OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 54:
- VOLUME OF BEEF CATTLE FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE OF BEEF CATTLE FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- VALUE SHARE OF BEEF CATTLE FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 57:
- VOLUME OF DAIRY CATTLE FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE OF DAIRY CATTLE FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- VALUE SHARE OF DAIRY CATTLE FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 60:
- VOLUME OF OTHER RUMINANTS FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VALUE OF OTHER RUMINANTS FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- VALUE SHARE OF OTHER RUMINANTS FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 63:
- VOLUME OF SWINE FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE OF SWINE FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE SHARE OF SWINE FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 66:
- VOLUME OF OTHER ANIMALS FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF OTHER ANIMALS FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE SHARE OF OTHER ANIMALS FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 69:
- VOLUME OF FEED MINERALS BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE OF FEED MINERALS BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 71:
- VOLUME SHARE OF FEED MINERALS BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 72:
- VALUE SHARE OF FEED MINERALS BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 73:
- VOLUME OF AUSTRALIA FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VALUE OF AUSTRALIA FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 75:
- VALUE SHARE OF AUSTRALIA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 76:
- VOLUME OF CHINA FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 77:
- VALUE OF CHINA FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- VALUE SHARE OF CHINA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 79:
- VOLUME OF INDIA FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 80:
- VALUE OF INDIA FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 81:
- VALUE SHARE OF INDIA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 82:
- VOLUME OF INDONESIA FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 83:
- VALUE OF INDONESIA FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 84:
- VALUE SHARE OF INDONESIA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 85:
- VOLUME OF JAPAN FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 86:
- VALUE OF JAPAN FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 87:
- VALUE SHARE OF JAPAN FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 88:
- VOLUME OF PHILIPPINES FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 89:
- VALUE OF PHILIPPINES FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 90:
- VALUE SHARE OF PHILIPPINES FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 91:
- VOLUME OF SOUTH KOREA FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 92:
- VALUE OF SOUTH KOREA FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 93:
- VALUE SHARE OF SOUTH KOREA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 94:
- VOLUME OF THAILAND FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 95:
- VALUE OF THAILAND FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 96:
- VALUE SHARE OF THAILAND FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 97:
- VOLUME OF VIETNAM FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 98:
- VALUE OF VIETNAM FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 99:
- VALUE SHARE OF VIETNAM FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 100:
- VOLUME OF REST OF ASIA-PACIFIC FEED MINERALS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 101:
- VALUE OF REST OF ASIA-PACIFIC FEED MINERALS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 102:
- VALUE SHARE OF REST OF ASIA-PACIFIC FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 103:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 104:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 105:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Feed Minerals Industry Segmentation
Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam are covered as segments by Country.
- The Asia-Pacific feed mineral market is a growing segment in the feed additives market. It accounted for a 10.7% market share in terms of value in 2022. This market segment grew significantly by 38.0% from 2017 to 2022 due to the increasing demand for high-quality meat. Poultry was the largest user of minerals, accounting for 44.0% of the Asia-Pacific feed minerals market in 2022. Swine, ruminants, and aquaculture followed with 26.7%, 18.5%, and 9.9% shares, respectively.
- Macrominerals are expected to be the fastest-growing segment in the minerals market, registering a CAGR of 4.3% during 2023-2029. In 2022, macrominerals accounted for USD 980.5 million, which is 9.4% of the feed additives market. Poultry is also the largest user of macrominerals, accounting for 43.1% of the Asia-Pacific macrominerals market. Swine and ruminants held the region's second- and third-largest market share, accounting for 26.2% and 20.1% of the market by value, respectively.
- Microminerals are estimated to grow and register a CAGR of 3.8% during the forecast period, accounting for 11.6% of the Asia-Pacific feed minerals market. The poultry segment is the largest user of microminerals, accounting for 50.3% of the market by value in 2022. The swine and aquaculture segments are the second- and third-largest users, accounting for 30.7% and 10.9% of the market by value, respectively. The demand for microminerals increases in stressful circumstances that change an animal's physiological requirements.
- The increasing demand for high-quality meat is expected to boost the Asia-Pacific feed minerals market, registering a CAGR of 4.2% during 2023-2029. The market growth is attributed to the rising demand for meat and the increasing awareness of the benefits of using feed minerals in animal nutrition.
| Sub Additive | Macrominerals | ||
| Microminerals | |||
| Animal | Aquaculture | By Sub Animal | Fish |
| Shrimp | |||
| Other Aquaculture Species | |||
| Animal | Poultry | By Sub Animal | Broiler |
| Layer | |||
| Other Poultry Birds | |||
| Animal | Ruminants | By Sub Animal | Beef Cattle |
| Dairy Cattle | |||
| Other Ruminants | |||
| Animal | Swine | ||
| Other Animals | |||
| Country | Australia | ||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Philippines | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific |
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Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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