Asia-Pacific Feed Preservatives Market

Asia Pacific Feed Preservatives Market Size (2024 to 2029):

Asia Pacific's feed preservatives market is expected to reach USD 3.20 billion in 2024 and USD 4.80 billion by 2029, which is estimated to grow at a CAGR of 8.47% from 2024 to 2029.

The market is predicted to show evident potential in the given forecasting period. The market continues to build momentum with increasing awareness regarding feed management practises and customization in formulations to reduce costs for production and improve livestock health, which has resulted in an increase in investments on high quality feed products thus creating the need for preservatives.

Feed Preservatives can be categorized into a bunch of additives for feed, like feed acidifiers, antioxidants, etc., which are used for maintaining better hygiene for animals and hence improving their productivity. They are basically used to improve feed quality by increasing the content of nutrients in animal feed.

There are various factors contributing to the growth of the feed preservatives market, and thus, the market is responsible for showing such potential in the mentioned period. The major factors include unpredictable crop harvest patterns, which have led to the need for feed storage and regulatory requirements to improve feed quality. Further, Industrialization in the poultry sector across developing markets has also driven the growth of the market. As far as restraints and challenges are concerned, there has been just one key factor holding down the market from reaching its potential recently, which is the limited margins of profit in the End Product. Due to these low profits the market has experienced lower investments than expected.

This research report on the Asia Pacific feed preservatives market is segmented and sub-segmented into the following categories.

Asia Pacific Feed Preservatives Market - By Type:

• Feed acidifiers
• Mold inhibitors
• Feed antioxidants
• Anticaking Agents

 Asia Pacific Feed Preservatives Market - By Livestock:

• Cattle
• Poultry
• Swine
• Aquaculture
• Other livestock

 Asia Pacific Feed Preservatives Market - By Feed Type:

• Compound feed
• Feed premix
• Feed meal
• Silage
• Other feed types

 Asia Pacific Feed Preservatives Market – By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

KEY MARKET PLAYERS:

Some of the major companies dominating the market, by their products and services, include E.I. Dupont De Nemours and Company, BASF SE, Nutreco N.V., Novus International Inc., Alltech Inc., Perstorp Holding AB, Cargill Inc., Biomin Holding GmbH, Kemin Industries Inc., Impextraco NV.