Thailand Feed Additives Market Size, Growth Forecast 2031

Segments - Thailand Feed Additives Market by Types (Enzymes, Antibiotics, Vitamins, Antioxidants, Minerals, Acidifiers, Mycotoxin Detoxifiers, Pigments, Amino Acids, Prebiotics, Probiotics, and Others), Animal Types (Aquaculture, Swine, Poultry, Ruminants, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The Thailand feed additives market size was valued at USD 438.64 Million in 2022 and is projected to reach USD 716.28 Million by 2031, expanding at a CAGR of 5.6% during the forecast period 2023-2031. The growth of the market is attributed to the increasing expansion of the poultry business and growing demand for animal feed additives for improving animal health.

A feed additive is a type of food supplement primarily given to animals in addition to their normal diet to improve the overall growth conditions of animals. These feed & animal-derived foods increase the digestibility of feed materials and ensure required nutrition for healthy growth. Thailand is one of Southeast Asia's main markets for feed additives as the country witness a wide practice of animal husbandry as a profession for a large number of the population.

Some of the key factors such as rising demand for meat and cheap production costs are the principal drivers of the overall meat production growth. The increasing demand for meat can be attributed to rising number of health-conscious population and their tendency toward animal-sourced protein to maintain balance diet.

Regular intake of food nutrients, particularly protein, helps in building up strong physical and mental growth, which represent as a key aspect of the market expansion in the country. The COVID-19 epidemic has posed a major threat to the market due to prolonged shut down of feed manufacturing sectors and disruption of supply chain.

Thailand Feed Additives Market Trends, Drivers, Restraints, and Opportunities

Rising demand for livestock-based products such as dairy-based products, meat, and eggs is projected to drive the market during the targeted period.
Increasing population of the country and wide commercialization of meat-based products by a large number of the population are key drivers that boost the market.
High fluctuation of raw material prices and lack of strong supply chain for feed additives are major challenges that can hinder the market growth.
Issues concerning to growing incidences of virus spread from animal to human and several evidence of flu cases are projected to hamper the market expansion.
Availability of various basic feed items such as corn, wheat, and barley along with increasing awareness of several healthy feed products of animals present key factors that offer lucrative growth opportunities of the market.

Scope of Thailand Feed Additives Market Report

The report on the Thailand feed additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Feed Additives Market - Thailand Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Enzymes, Antibiotics, Vitamins, Antioxidants, Minerals, Acidifiers, Mycotoxin Detoxifiers, Pigments, Amino Acids, Prebiotics, Probiotics, and Others) and Animal Types (Aquaculture, Swine, Poultry, Ruminants, and Others)
Country	Thailand
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BASF (Thai) Ltd.; Adisseo Trading (Thailand Ltd.); Cargill Siam Ltd.; DSM Nutritional Products (Thailand) Ltd. and Alltech Thailand

Thailand Feed Additives Market Segment Insights

Antibiotics segment is expected to grow at a rapid pace

Based on types, the Thailand feed additives market is divided into enzymes, antibiotics, vitamins, antioxidants, minerals, acidifiers, mycotoxin detoxifiers, pigments, amino acids, prebiotics, probiotics, and others. The antibiotic segment is expected to grow at a rapid pace during the forecast period as it is widely given to maintain proper growth by providing basic immune protection from diseases. Moreover, the wide availability of facilities for treating unwell animals clinically and wide incidence of infectious disease among domesticated animals are key drivers of the segment.

Poultry segment is anticipated to account for a major market share

On the basis of animal types, the market is segregated into aquaculture, swine, poultry, ruminants, and others. The poultry segment is anticipated to account for a major market share during the forecast period due to massive practice of poultry farming in the country. Increasing demand for chicken meat and eggs, impacted by the rising number of the population preferring to consume meat presents another key factor for the segment expansion.

On the other hand, the swine segment is projected to register a high CAGR during the forecast period owing to wide farming practice and high demand for pork-meat products. The expansion of the processed meat products of pork in the country play another key factor for the segment growth.

Segments

The Thailand feed additives market has been segmented on the basis of

Types

Enzymes
Antibiotics
Vitamins
Antioxidants
Minerals
Acidifiers
Mycotoxin Detoxifiers
Pigments
Amino Acids
Prebiotics
Probiotics
Others

Animal Types

Aquaculture
Swine
Poultry
Ruminants
Others

Country

Thailand

Key Players

BASF (Thai) Ltd.
Adisseo Trading (Thailand Ltd.)
Cargill Siam Ltd.
DSM Nutritional Products (Thailand) Ltd.
Alltech Thailand

Competitive Landscape

Key players competing in the Thailand feed additives market are BASF (Thai) Ltd.; Adisseo Trading (Thailand Ltd.); Cargill Siam Ltd.; DSM Nutritional Products (Thailand) Ltd. and Alltech Thailand. Some of these players are taping the market potential by using various market strategies such as acquisition of other companies, investing in their R&D programs, and launching new products to enhance their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Feed Additives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Feed Additives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Feed Additives Market - Supply Chain
  4.5. Global Feed Additives Market Forecast
     4.5.1. Feed Additives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Feed Additives Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Feed Additives Market Absolute $ Opportunity
5. Global Feed Additives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Feed Additives Market Size and Volume Forecast by Types
     5.3.1. Enzymes
     5.3.2. Antibiotics
     5.3.3. Vitamins
     5.3.4. Antioxidants
     5.3.5. Minerals
     5.3.6. Acidifiers
     5.3.7. Mycotoxin Detoxifiers
     5.3.8. Pigments
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Feed Additives Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Feed Additives Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Feed Additives Demand Share Forecast, 2019-2026
7. North America Feed Additives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Feed Additives Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Feed Additives Market Size and Volume Forecast by Types
     7.4.1. Enzymes
     7.4.2. Antibiotics
     7.4.3. Vitamins
     7.4.4. Antioxidants
     7.4.5. Minerals
     7.4.6. Acidifiers
     7.4.7. Mycotoxin Detoxifiers
     7.4.8. Pigments
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Feed Additives Demand Share Forecast, 2019-2026
8. Latin America Feed Additives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Feed Additives Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Feed Additives Market Size and Volume Forecast by Types
     8.4.1. Enzymes
     8.4.2. Antibiotics
     8.4.3. Vitamins
     8.4.4. Antioxidants
     8.4.5. Minerals
     8.4.6. Acidifiers
     8.4.7. Mycotoxin Detoxifiers
     8.4.8. Pigments
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Feed Additives Demand Share Forecast, 2019-2026
9. Europe Feed Additives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Feed Additives Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Feed Additives Market Size and Volume Forecast by Types
     9.4.1. Enzymes
     9.4.2. Antibiotics
     9.4.3. Vitamins
     9.4.4. Antioxidants
     9.4.5. Minerals
     9.4.6. Acidifiers
     9.4.7. Mycotoxin Detoxifiers
     9.4.8. Pigments
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Feed Additives Demand Share Forecast, 2019-2026
10. Asia Pacific Feed Additives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Feed Additives Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Feed Additives Market Size and Volume Forecast by Types
     10.4.1. Enzymes
     10.4.2. Antibiotics
     10.4.3. Vitamins
     10.4.4. Antioxidants
     10.4.5. Minerals
     10.4.6. Acidifiers
     10.4.7. Mycotoxin Detoxifiers
     10.4.8. Pigments
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Feed Additives Demand Share Forecast, 2019-2026
11. Middle East & Africa Feed Additives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Feed Additives Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Feed Additives Market Size and Volume Forecast by Types
     11.4.1. Enzymes
     11.4.2. Antibiotics
     11.4.3. Vitamins
     11.4.4. Antioxidants
     11.4.5. Minerals
     11.4.6. Acidifiers
     11.4.7. Mycotoxin Detoxifiers
     11.4.8. Pigments
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Feed Additives Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Feed Additives Market: Market Share Analysis
  12.2. Feed Additives Distributors and Customers
  12.3. Feed Additives Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. BASF (Thai) Ltd.
     12.4.2. Adisseo Trading (Thailand Ltd.)
     12.4.3. Cargill Siam Ltd.
     12.4.4. DSM Nutritional Products (Thailand) Ltd.
     12.4.5. Alltech Thailand