Asia-Pacific Feed Premix Market Size (2024 - 2029)

The Asia-Pacific Feed Premix market is experiencing growth driven by the rising demand for high-value animal protein and declining feed conversion rates. This market is characterized by a high concentration, with a few international players holding a significant portion of the market share. The increasing demand for meat, fueled by higher disposable incomes, has led to a surge in the production of various types of meat. Consequently, the need for feed premix has escalated to support the growing requirements of cattle, poultry, and swine, thereby enhancing the market's overall revenue.

Home Market Analysis Animal Nutrition & Wellness Research Feed Additives Research Feed Premix Research Asia-Pacific Feed Premix Market Market Size

Market Size of Asia-Pacific Feed Premix Industry

Market Snapshot
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration High

Major Players

Asia-Pacific Feed Premix Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Feed Premix Market Analysis

The Asia Pacific Feed Premix market is estimated to register a CAGR of 4.5% during the forecast period. The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market in the region. The market for feed premix is highly concentrated with the dominance of a few international players accounting for the major share in the market. The rising demand for meat across the region owing to the high-quality protein they provide and a significant rise in disposable income has led to the increased production of all types of meat. Therefore, to meet the feed requirement of the increasing cattle, poultry, and swine, the demand for feed premix has also increased, boosting the overall revenue generated across the region.

APAC Feed Premix Industry Segmentation

A premix is a value-added solution to livestock feed consisting of a mixture of requisite vitamins, minerals, diluents, and other nutrients. The increasing demand for high-value animal protein and declining feed conversion rates are driving the global animal feed premix market. The scope of the premix market includes segmentation based on the type of ingredients such as antibiotics, vitamins, antioxidants, amino acids, minerals, and others and also on the basis of animals like ruminants, poultry, swine, aquaculture, and others. Additionally, the report presents a detailed analysis of the markets based on geography, extending to all the major countries across the Asia Pacific Region.

Ingredient Type
Antibiotics
Vitamins
Antioxidants
Amino Acids
Minerals
Other Ingredient Types
Animal Type
Ruminant
Poultry
Swine
Acquaculture
Other Animal
Geography
China
India
Japan
Australia
Thailand
Rest of Asia-Pacific
Need A Different Region Or Segment?
Customize Now

Asia-Pacific Feed Premix Market Size Summary

The Asia-Pacific feed premix market is experiencing steady growth, driven by the increasing demand for high-value animal protein and improved feed conversion rates. This growth is largely attributed to the rising consumption of meat and dairy products, fueled by health-conscious consumers and higher disposable incomes in the region. The market is characterized by a high concentration of international players who dominate the landscape, leveraging their resources to meet the growing demand for livestock products. The need for enhanced productivity in livestock production, particularly in countries with land constraints, has led to the adoption of capital-intensive technologies, further propelling the feed premix market. The emphasis on environmentally safe and chemical-residue-free animal products is also contributing to the market's expansion, as producers seek to meet consumer preferences for quality and safety.

China plays a significant role in the Asia-Pacific feed premix market, being one of the largest producers globally. However, the African Swine Fever outbreaks in recent years have posed challenges, leading to a reduction in pig herds and a temporary shortfall in swine feed demand. Despite these challenges, the market is expected to recover as herd numbers rebound, potentially driving further growth in feed premix sales. Major players in the market, such as Cargill, ADM, BASF, and others, are actively pursuing expansion opportunities in developing regions, either through new investments or acquisitions, to strengthen their market presence. This strategic focus on growth and adaptation to regional demands is anticipated to sustain the market's upward trajectory during the forecast period.

Explore More

Asia-Pacific Feed Premix Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredient Type

      1. 2.1.1 Antibiotics

      2. 2.1.2 Vitamins

      3. 2.1.3 Antioxidants

      4. 2.1.4 Amino Acids

      5. 2.1.5 Minerals

      6. 2.1.6 Other Ingredient Types

    2. 2.2 Animal Type

      1. 2.2.1 Ruminant

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Acquaculture

      5. 2.2.5 Other Animal

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 Australia

      5. 2.3.5 Thailand

      6. 2.3.6 Rest of Asia-Pacific

Asia-Pacific Feed Premix Market Size FAQs

The Asia-Pacific Feed Premix Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Charoen Pokphand Foods, Cargill, Inc., Archer Daniels Midland Company (ADM), Godrej Agrovet Limited and BASF SE are the major companies operating in the Asia-Pacific Feed Premix Market.

Asia-Pacific Feed Premix Report Snapshots

Asia-Pacific Feed Premix Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)