Asia-Pacific Feed Vitamins Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 592.90 Million |
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Market Size (2029) | USD 731.72 Million |
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Largest Share by Sub Additive | Vitamin E |
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CAGR (2024 - 2029) | 4.30 % |
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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 Vitamins Market Analysis
The Asia-Pacific Feed Vitamins Market size is estimated at 592.90 million USD in 2024, and is expected to reach 731.72 million USD by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).
592.90 Million
Market Size in 2024 (USD)
731.72 Million
Market Size in 2029 (USD)
6.49 %
CAGR (2017-2023)
4.30 %
CAGR (2024-2029)
Largest Market by Sub-Additive
26.92 %
value share, Vitamin E, 2023
Vitamin E is the largest segment in the market due to the increase in feed production and promoting health by increasing both physiological and immunological performance.
Largest Market by Country
44.30 %
value share, China, 2023
China is the largest country because of import policy changes of feed and feed additives, increased kg/person meat consumption, and high feed production.
Fastest-growing Market by Sub-Additive
4.44 %
Projected CAGR, Vitamin C, 2024-2029
Vitamin C is the fastest-growing segment due to the increased animal population and rising awareness about the benefits of healthy animal feed to improve animal productivity.
Fastest-growing Market by Country
5.23 %
Projected CAGR, Thailand, 2024-2029
Thailand is the fastest-growing market due to the growth in livestock population, increase in feed production, and increase in commercial rearing.
Leading Market Player
13.14 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader because it has a joint venture and expanded its product portfolio by acquiring Nenter's Jingzhou vitamins E production facility.
- In 2022, feed vitamins constituted 5.3% of the Asia-Pacific feed additive market. These vitamins play a crucial role in animal feed, promoting animal growth, preventing diseases due to vitamin deficiencies, and aiding bone development. Among the vitamins, vitamin E was the most widely used, with a market value of USD 147.0 million. Its high usage was influenced by its ability to enhance resistance to infection and improve immune response against infections in farm animals.
- Poultry birds were the largest animal type segment in the Asia-Pacific feed vitamins market, accounting for 47.0% of the market share in 2022. The poultry segment is expected to register a CAGR of 5.0% during the forecast period. Poultry birds cannot synthesize optimum amounts of vitamins during stress conditions, making vitamin supplementation in their diets beneficial.
- China held the largest market share for feed vitamin A in the Asia-Pacific region, with a share of 43.6% in 2022, followed by India with a share of 10.5%. The higher share of China can be attributed to the higher headcount of livestock in the country. In 2022, China accounted for about 81.6% of the total swine headcount in the region.
- Japan and Indonesia are projected to be the fastest-growing countries in the feed vitamin C segment, with CAGRs of 5.6% each during the forecast period (2023-2029). Their high growth rate is associated with the increased livestock headcount in these countries. For instance, the ruminant population in Indonesia increased by 7.8% between 2017 and 2022. Therefore, the market is anticipated to record a CAGR of 4.3% during the forecast period.
- The Asia-Pacific feed vitamins market is expected to grow steadily during the forecast period, owing to the rising demand for animal protein and the growing awareness of the benefits of feed vitamins.
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- Vitamins are essential components of animal nutrition, playing a crucial role in maintaining their health and well-being. In the Asia-Pacific region, the vitamins market held a market value of 5.3% and 1.1% in terms of value and volume, respectively, in 2022. The market is anticipated to register a CAGR of 4.3% during the forecast period.
- China dominates the Asia-Pacific feed vitamin market, accounting for a market value of USD 242.3 million in 2022. The market is expected to register a CAGR of 4.2% during the forecast period. Vitamin E and vitamin B are the most widely used vitamins in China, accounting for 29.8% and 23.6% of the feed vitamin market value, respectively. Poultry is the primary consumer of vitamins in China, holding a 46.0% value share of the market for feed vitamins.
- India holds the second-largest share in the vitamins market in the Asia-Pacific, with a market value of USD 52.2 million in 2022. The market is expected to register a CAGR of 4.6% during the forecast period. The increasing overall livestock population in India, which grew by 5.6% from 2017 to 2022, is the primary driver of the feed vitamin market growth.
- Thailand and Japan are the fastest-growing markets in the Asia-Pacific region, registering a CAGR of 5.2% and 5.1%, respectively, during the forecast period. The growth of livestock production and feed production in these countries is driving market growth. For example, Thailand's feed production increased by 21.7% from 2017 to 2022.
- Between 2017 and 2022, overall feed production in the Asia-Pacific region increased by 30.3%. With the growth in feed production and animal population, the feed vitamin market is expected to grow in the future.
Asia-Pacific Feed Vitamins 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 dominates the global agricultural sector, with poultry as the largest industry, accounting for 42.4% of global poultry production in 2022. The 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 resulted in the region recording a 37.3% increase in poultry population in 2021 from 2017.
- In 2021, China, Indonesia, and India held significant shares of the Asia-Pacific poultry market, amounting to 39.7%, 25.3%, and 5.7%, respectively. This growth in demand for poultry products can be attributed to increased demand for eggs and meat and increasing government schemes to support the poultry industry. For instance, India's Department of Animal Husbandry & Dairy is introducing capital fund schemes to support poultry businesses and educate farmers on improving their yield quality, which will boost the market growth.
- China is the largest producer of eggs in the world, with its production accounting for over 40% of global production. With over 900 million stock-laying hens and the country's largest layer poultry farming center hatching 60 million chicks per year, layer farming has recorded significant growth in the country.
- Broiler production in the region is also rapidly growing 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 is a significant 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 ton 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 integrating technological advancements amid the 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 accounts for a significant share of aquaculture feed, amounting to 31.1 million metric ton in 2022, an increase of 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, and its share is expected to grow rapidly during the forecast period as some countries in the region have started implementing self-sufficient aquaculture systems with the assistance of several government initiatives to increase the production of certified sustainable seafood.
- China dominates the aquaculture feed market in the Asia-Pacific region, accounting for 51.2% of the market share in 2022 due to an increase in the number of feed mills with higher capacities. For instance, AB Agri has opened its ninth feed mill in China, a plant with an annual capacity of 240,000 ton. Factors such as an increase in aquaculture production, expansion of aqua farming, and rise in feed consumption are expected to drive 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 Vitamins Industry Overview
The Asia-Pacific Feed Vitamins Market is fragmented, with the top five companies occupying 39.69%. The major players in this market are Adisseo, BASF SE, Cargill Inc., DSM Nutritional Products AG and Lonza Group Ltd. (sorted alphabetically).
Asia-Pacific Feed Vitamins Market Leaders
Adisseo
BASF SE
Cargill Inc.
DSM Nutritional Products AG
Lonza Group Ltd.
Other important companies include Archer Daniel Midland Co., Biovet S.A., Brenntag SE, Impextraco NV, Prinova Group LLC.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Feed Vitamins Market News
- January 2022: DSM and CPF have agreed on a Memorandum of Understanding to enhance animal protein production by applying DSM's Intelligent Sustainability Service (Sustell).
- December 2020: The acquisition of Erber Group’s Biomin further strengthens DSM's product portfolio by expanding its product offerings. The enterprise value of the combined company is about USD 1,046.1 million.
- November 2020: Adisseo acquired Framelco Group, a Dutch feed additive company. This allowed the company to provide value-added, innovative livestock and aqua specialty products.
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 Vitamins 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
-
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 Vitamin A
- 5.1.2 Vitamin B
- 5.1.3 Vitamin C
- 5.1.4 Vitamin E
- 5.1.5 Other Vitamins
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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
-
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 Biovet S.A.
- 6.4.5 Brenntag SE
- 6.4.6 Cargill Inc.
- 6.4.7 DSM Nutritional Products AG
- 6.4.8 Impextraco NV
- 6.4.9 Lonza Group Ltd.
- 6.4.10 Prinova Group LLC
7. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
8. APPENDIX
-
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 VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF VITAMIN A FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VALUE OF VITAMIN A FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE SHARE OF VITAMIN A FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 17:
- VOLUME OF VITAMIN B FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE OF VITAMIN B FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE SHARE OF VITAMIN B FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 20:
- VOLUME OF VITAMIN C FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VALUE OF VITAMIN C FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE SHARE OF VITAMIN C FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 23:
- VOLUME OF VITAMIN E FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- VALUE OF VITAMIN E FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE SHARE OF VITAMIN E FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 26:
- VOLUME OF OTHER VITAMINS FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VALUE OF OTHER VITAMINS FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE SHARE OF OTHER VITAMINS FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 29:
- VOLUME OF FEED VITAMINS BY ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE OF FEED VITAMINS BY ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- VOLUME SHARE OF FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 32:
- VALUE SHARE OF FEED VITAMINS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 33:
- VOLUME OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 34:
- VALUE OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VOLUME SHARE OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 36:
- VALUE SHARE OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 37:
- VOLUME OF FISH FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE OF FISH FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE SHARE OF FISH FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 40:
- VOLUME OF SHRIMP FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- VALUE OF SHRIMP FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE SHARE OF SHRIMP FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 43:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- VALUE OF OTHER AQUACULTURE SPECIES FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 46:
- VOLUME OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 47:
- VALUE OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VOLUME SHARE OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 49:
- VALUE SHARE OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 50:
- VOLUME OF BROILER FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF BROILER FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VALUE SHARE OF BROILER FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 53:
- VOLUME OF LAYER FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 54:
- VALUE OF LAYER FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE SHARE OF LAYER FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 56:
- VOLUME OF OTHER POULTRY BIRDS FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 57:
- VALUE OF OTHER POULTRY BIRDS FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 59:
- VOLUME OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 60:
- VALUE OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VOLUME SHARE OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 62:
- VALUE SHARE OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 63:
- VOLUME OF BEEF CATTLE FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE OF BEEF CATTLE FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE SHARE OF BEEF CATTLE FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 66:
- VOLUME OF DAIRY CATTLE FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF DAIRY CATTLE FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE SHARE OF DAIRY CATTLE FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 69:
- VOLUME OF OTHER RUMINANTS FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE OF OTHER RUMINANTS FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 71:
- VALUE SHARE OF OTHER RUMINANTS FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 72:
- VOLUME OF SWINE FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 73:
- VALUE OF SWINE FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VALUE SHARE OF SWINE FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 75:
- VOLUME OF OTHER ANIMALS FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 76:
- VALUE OF OTHER ANIMALS FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 77:
- VALUE SHARE OF OTHER ANIMALS FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 78:
- VOLUME OF FEED VITAMINS BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 79:
- VALUE OF FEED VITAMINS BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 80:
- VOLUME SHARE OF FEED VITAMINS BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 81:
- VALUE SHARE OF FEED VITAMINS BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 82:
- VOLUME OF AUSTRALIA FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 83:
- VALUE OF AUSTRALIA FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 84:
- VALUE SHARE OF AUSTRALIA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 85:
- VOLUME OF CHINA FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 86:
- VALUE OF CHINA FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 87:
- VALUE SHARE OF CHINA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 88:
- VOLUME OF INDIA FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 89:
- VALUE OF INDIA FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 90:
- VALUE SHARE OF INDIA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 91:
- VOLUME OF INDONESIA FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 92:
- VALUE OF INDONESIA FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 93:
- VALUE SHARE OF INDONESIA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 94:
- VOLUME OF JAPAN FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 95:
- VALUE OF JAPAN FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 96:
- VALUE SHARE OF JAPAN FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 97:
- VOLUME OF PHILIPPINES FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 98:
- VALUE OF PHILIPPINES FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 99:
- VALUE SHARE OF PHILIPPINES FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 100:
- VOLUME OF SOUTH KOREA FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 101:
- VALUE OF SOUTH KOREA FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 102:
- VALUE SHARE OF SOUTH KOREA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 103:
- VOLUME OF THAILAND FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 104:
- VALUE OF THAILAND FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 105:
- VALUE SHARE OF THAILAND FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 106:
- VOLUME OF VIETNAM FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 107:
- VALUE OF VIETNAM FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 108:
- VALUE SHARE OF VIETNAM FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 109:
- VOLUME OF REST OF ASIA-PACIFIC FEED VITAMINS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 110:
- VALUE OF REST OF ASIA-PACIFIC FEED VITAMINS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 111:
- VALUE SHARE OF REST OF ASIA-PACIFIC FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 112:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 113:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 114:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Feed Vitamins Industry Segmentation
Vitamin A, Vitamin B, Vitamin C, Vitamin E 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.
- In 2022, feed vitamins constituted 5.3% of the Asia-Pacific feed additive market. These vitamins play a crucial role in animal feed, promoting animal growth, preventing diseases due to vitamin deficiencies, and aiding bone development. Among the vitamins, vitamin E was the most widely used, with a market value of USD 147.0 million. Its high usage was influenced by its ability to enhance resistance to infection and improve immune response against infections in farm animals.
- Poultry birds were the largest animal type segment in the Asia-Pacific feed vitamins market, accounting for 47.0% of the market share in 2022. The poultry segment is expected to register a CAGR of 5.0% during the forecast period. Poultry birds cannot synthesize optimum amounts of vitamins during stress conditions, making vitamin supplementation in their diets beneficial.
- China held the largest market share for feed vitamin A in the Asia-Pacific region, with a share of 43.6% in 2022, followed by India with a share of 10.5%. The higher share of China can be attributed to the higher headcount of livestock in the country. In 2022, China accounted for about 81.6% of the total swine headcount in the region.
- Japan and Indonesia are projected to be the fastest-growing countries in the feed vitamin C segment, with CAGRs of 5.6% each during the forecast period (2023-2029). Their high growth rate is associated with the increased livestock headcount in these countries. For instance, the ruminant population in Indonesia increased by 7.8% between 2017 and 2022. Therefore, the market is anticipated to record a CAGR of 4.3% during the forecast period.
- The Asia-Pacific feed vitamins market is expected to grow steadily during the forecast period, owing to the rising demand for animal protein and the growing awareness of the benefits of feed vitamins.
| Sub Additive | Vitamin A | ||
| Vitamin B | |||
| Vitamin C | |||
| Vitamin E | |||
| Other Vitamins | |||
| 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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