Asia-Pacific Compound Feed Market by Ingredients (Cereals, Cereals by-Product, Oilseed Meal, Oil, Molasses, Supplements and others), by Supplements (Vitamins, Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and others), by Animal type (Ruminant, Swine, Poultry, Aquaculture and others), and by Region
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PR-Inside.com: 2017-09-14 12:05:44
According to the report Asia Pacific Compound Feed Market, published by Market Data Forecast, the Market was worth USD 203.5 billion in 2016 and estimated to be growing at a CAGR of 1.8 %, to reach USD 222.5 billion by 2021. The Asia-Pacific Compound Feed market is developing at a significant rate due to the increase in the livestock population.
Compound feed is a combination of raw materials and supplements, obtained from either plants or animals, supplied to the livestock orally. Most frequently used raw materials are soybean, corn, barley; wheat and sorghum. Regular additives which are used to form compound feed are, minerals, amino acids, antibiotics and colorants. Compound feed has become a vital part of the universally increasing livestock industry and meat production industry. The end customers of the compound feed are poultry, pig, ruminants, fish etc. Livestock producers in the Asia Pacific region are identifying new ways to stimulate production and deliver the same benefits provided by antibiotic growth promoters at an affordable price.
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The growth of the Asia-Pacific Compound feed market is mainly driven by reasons such as the rise in the global meat consumption, rise in the mass production of meat, and recent livestock disease outbreaks. Increasing population in this part of the world is also supporting the growth of the Asia-Pacific meat market, ultimately increasing demand for compound feed. Volatile economies and growing cost of operations are the major restrictive factors for the Asia-Pacific market. And an up surge in the cost of raw materials is also a key challenge for the companies in the market.
The Asia-Pacific Compound feed market is segmented based on Ingredients, Supplements and Animal type. The market for Compound feed, on the basis of Ingredients, is classified into Cereals, Cereals by-Product, Oilseed Meal, Oil, Molasses, Supplements and others. On the basis of Supplements, the Asia-Pacific Compound feed market is segmented into Vitamins, Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and others. On the basis of Animal category, the Asia-Pacific Compound feed market is segmented into Ruminant, Swine, Poultry, Aquaculture and others. Poultry, pork, and cattle are the largest consumers of compound feed in this region accounting for the major share of the overall compound feed market. Cereals are the most widely used ingredients in compound feed whereas Vitamins are the most widely used additives, accounting for around 25% of the total feed additives market.
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The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers substantial opportunities for the Compound feed market, with China and India being the most populous countries in this region contributing to the increasing demand. The Asia-Pacific region is expected to offer profitable growth prospects, owing to the substantial increase in feed production and growing awareness among the consumers about the quality of meat products and due to the rise in disposable incomes in developing economies, primarily in China and India. China is the major compound feed manufacturer in the world and accounts for around half the production of compound feed in Asia-Pacific region. Asia-Pacific region is the largest consumer of aqua feed and is also the largest consumer of molasses accounting for the major part of the global molasses consumption.
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Some of the major companies dominating this market in this region are Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ lakes, Inc., Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V., Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A., DeKalb Feeds, Inc., De Heus B.V, Ballance Agri-Nutrients Ltd., J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP.
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