The China feed additives market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to shifting consumption behavior and lifestyles
Food security is vital to all countries well-being. Food insecurity is common in fragile nations, as restricted availability to basic essentials can jeopardize a country's social and economic stability.
Years of economic expansion have allowed China's government to make significant achievements in improving food access throughout the nation, but the country's economic boom has created a new set of demographic demands and environmental pressures.
Accelerated economic expansion has resulted in significant decreases in China's undernourished population.
In China, sea food is consumed at large capacity which makes the manufacture of fish feed additives for the aquaculture industry a growing business. Use of natural compounds are employed for a variety of goals including boosting the immune systems of farmed fish encouraging development achieving the ideal flesh and skin color, and enhancing the organoleptic qualities of the farmed product.
Feed firms developed locally and nationally, and China feed sector has become increasingly varied since its inception, with privately-owned enterprises leading the way. The country currently contains some of the world's major feed firms.
China has agreements with Australia to gradually reduce tariffs on beef and dairy imports, and it also has deals with numerous Eastern European nations to import cattle, sheep, and pig. China is also making international investments in the meat and dairy industries.
As health issues become increasingly visible and standards continue to climb, China on July 1, 2020 formally prohibited antibiotic growth promoters (AGPs) feed additives and phenylarsonic feed additives to reduce arsenic's risk to human and ecosystem health.
Market Trends, Drivers, Restraints, and Opportunities
- Rise of the urban middle class has coincided with a move away from a grain-based diet are projected to boost the market during the forecast period.
- Increasing meat intake is estimated to fuel the market in the coming years.
- Growing taste for other high-resource meals such as dairy goods are key factors driving the market in the coming years.
- Increasing demand for meat products, and scientifically confirmed benefits of animal feed additives are estimated to push the market.
- Government regulations and guidelines regarding feed additives are anticipated to hinder the market.
- New advanced feed machinery technologies are anticipated to drive the demand for premium packaging.
- Rising environmental standards and production costs act as key factors hampering the market growth during the forecast period.
- Innovative technologies to enhance feed protein utilization is expected to create lucrative opportunities for the market players.
Scope of the Report
The report on the China feed additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Feed Additives Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Animal Types (Swine, Ruminants, Poultry, and Others), Additive Types (Antioxidants, Amino acids, Prebiotics, Antibiotics Vitamins, Enzymes Mycotoxin Detoxifiers, Probiotics, Flavors & Sweeteners, Minerals Pigments, and Binders)
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Country Scope
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China
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill Inc.; Adisseo; Alltech; Elanco; BASF SE
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China Feed Additives Market Segment Insights
The poultry segment is projected to represent a large market share
Based on animal types, the China feed additives market is divided into swine, ruminants, poultry, and others. The poultry segment is expected to represent a key share of the market during the forecast period in regard to meat products such beef, chicken, and pork it is the largest meat consumer in the world and the demand is still exploding. Moreover, rising demand for nutrient rich dairy product is thriving the market.
The probiotics segment is anticipated to expand at a substantial CAGR
On the basis of additive types, the China feed additives market is segregated into antioxidants, amino acids, prebiotics, antibiotics vitamins, enzymes mycotoxin detoxifiers, probiotics, flavors & sweeteners, minerals pigments, and binders. The probiotics segment is expected to constitute a key share of the market during the forecast period owing to improve the health and metabolism of animals.
Segments
The China feed additives market has been segmented on the basis of
Animal Types
- Swine
- Ruminants
- Poultry
- Others
Additive Types
- Antioxidants
- Amino acids
- Prebiotics
- Antibiotics Vitamins
- Enzymes Mycotoxin Detoxifiers
- Probiotics
- Flavors & Sweeteners
- Minerals Pigments
- Binders
Country
Key Players
- Cargill Inc
- Adisseo
- Alltech
- Elanco
- BASF SE
Competitive Landscape
Key players competing in the China feed additives market include Cargill Inc.; Adisseo; Alltech; Elanco; BASF SE.
Some of these players are coming up with several markets strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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