Asia Pacific Animal Nutrition Market - Forecast(2023 - 2028)

Asia Pacific Animal Nutrition Market was estimated to be valued at $6.2Bn by 2025, growing at a CAGR of 5.39% during the forecast period 2020-2025. Asia Pacific region has a booming animal nutrition market owing to huge non-vegetarian population. The developing nations in this region are witnessing considerable growth in income, and major population in these economies are now able to afford meat consumption. The growing consumption of meat across Asia Pacific is creating a definite demand influx in the livestock feed market. In the cattle field industry of Asia-Pacific, livestock are fed with heterotrophic nutrition that is a type of nutrition in which organisms depend upon other organisms for food to survive. 

The Poultry segment held the largest share in the Asia Pacific Animal Nutrition market in 2019 and is estimated to grow at a CAGR of 3.98% during the forecast period 2020-2025. The growth in this segment is owing to the requirement of healthy food products and stringent rules and regulations regarding diet habits of poultry animals. In the Asia-Pacific region, it is mandatory for poultry famers to abide by the laws to initiate exports and import. It is estimated that wrist India Animal Nutrition to be the fastest growing segment and is poised to register a highest CAGR during the forecast period 2020-2025.

China region dominated the market, by holding 37% of the Asia-Pacific Animal Nutrition Market. It is owing to the fact that farms in the country raise their livestock animals by feeding high quality broiler feed, livestock feed and nutrition to ensure that they are fit for marketing purposes. The stringent rules and regulation in the country also ensures that their livestock are fed with quality food materials for optimal health and quality of meat. 

Increasing consumption of poultry and pork as sources of protein is a key factor anticipated to boost demand for the animal nutrition market in the Asia-Pacific region. According to the Department of Animal Husbandry and Dairying, in India broiler production was approximately 4.5 million in 2017. Changing food habits of the middle-class population in this region and growing demand for more plentiful and less costly protein products is inciting the demand for broiler feed market. Increasing employment levels, growing demand for ready-to-eat foods, a general preference for poultry over other meats on a price basis, have influenced the Asia-Pacific animal nutrition market size. As a part of the Mid-Day Meal Scheme initiated by the Ministry of Human Resource Development in some states of India, eggs are supplied as a nutrient-rich food item in their menu. To ensure balanced and nutritious diet to children of primary and upper primary groups, the government of India has taken this initiative, which in turn, led the higher consumption of eggs thereby increasing the demand for animal nutrition market share in this region. 

The high cost of animal nutrition foods in the region is set to be a hurdle for the growth of the market. In order to procure quality animal food and supplements, they would have to buy from famous brands at higher costs. On the other hand, famers have to spend on medication and nutritional supplements for growing immunity against diseases such as rumen acidosis, and others. 

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the wearable blood pressure monitor market. In 2019, Asia Pacific Animal Nutrition market share is mildly consolidated by the top ten players present in the market. Asia Pacific Animal Nutrition top 10 companies are Cargill Incorporated, Purina Animal Nutrition, New Hope Group, Archer Daniels Midland, and Weston Milling Animal Nutrition, Nutreco, Alltech Inc., Charoen Pokphand Foods, and others.