Rising population, industrialization of livestock production, and growing preference for a protein-rich diet to boost demand for animal feed additives in Asia-Pacific through 2023. According to TechSci Research report, “Asia-Pacific Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, the Asia-Pacific animal feed additive market is forecast to surpass $ 6.3 billion by 2023, owing to increasing consumption of animal meat, which is leading to higher production of livestock across the region.
Important Aspects of the Asia-Pacific Animal Feed Additive Market
Increasing awareness among farmers is also driving the demand for quality feed additives for livestock. With the rising population, growing consumption of protein-rich food is being witnessed across the region, as people are becoming more focused on their health and reducing risks of diet-related diseases. The subsidies on meat exports in countries like India are also driving various meat manufacturers to increase meat production. Consequently, the growing focus on the dietary needs of animals is positively impacting the Asia-Pacific animal feed additive market.
Browse 34 market data Figures and Tables spread through 65 Pages and an in-depth TOC on the “Asia-Pacific Animal Feed Additive Market“.
Increasing government regulations pertaining to food safety have coaxed the manufacturers of feed additives to comply with the new regulations that analyze risk-based preventive control for animal food manufacturing facilities. Demand for better quality meat to ensure safety from various diseases that occur due to infected meat is a major factor anticipated to continue to fuel the region’s animal feed additive market.
Amino acid type of feed additives is among the most popular product categories in Asia-Pacific, as it meets the nutritional requirements of animals and offers a cost-effective means of supplying protein. The poultry sector generates the largest demand for animal feed additives, owing to the huge production of guinea, geese, chicken, pigeons, and other domesticated birds across the region, especially backed by the large-scale requirement for chicken meat.
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“China controls the largest share in Asia-Pacific animal feed additive market, mainly due to higher livestock production compared to other Asian countries. As a result of the growing population in the country, the demand for meat and milk products would continue to grow in the coming years. The region witnesses higher adoption of intensive farming, which in turn is anticipated to aid the country’s animal feed additive market over the course of the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Asia-Pacific Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the animal feed additive market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia-Pacific animal feed additive market.
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