Asia-Pacific Feed Amino Acids Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Feed Amino Acids Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia Pacific feed amino acids market is projected to register a CAGR of 2.7% during the forecast period 2020-2025. Amino acids are an important additive to enhance the quality and productivity of animal products and consequently for the growing meat industry, which is driven by the increasing demand for animal-derived protein, increasing awareness among people toward safety and quality of meat, and recent disease outbreaks in livestock. Amino acids have been used in animal feeds for many decades now because of their contribution to animal growth.

Key Market TrendsGrowing Demand For Meat and Meat Products

The demand for meat-based food products is rising in the Asia-Pacific region especially in China, India, Japan, Australia, etc. with rapid economic growth in the regions. This increased demand for meat protein has triggered increased uptake of feed additives and feed enzymes. Apart from improving nutritional value, feed enzymes are gaining importance for their role in meat quality improvement, with concern over the environment. The increase in demand can be attributed to the continuous economic growth of countries in these regions that have led to change in demographics, food habits, and lifestyle; the impact of globalization and urbanization tend to change the mindset of people in the region, where consumers experiment more in terms of their food habits. Vietnam and Thailand are estimated to be the fastest-growing consumer markets for meat-based products. India is a potential market, due to the increased intensive farming system. Hence the more consumption of meat will drive the global future feed amino acid market during the forecasting period.

China Dominates the Market in the Region

China being the engaging market for business growth along with, economic growth, the industrialization of the livestock industry, increasing awareness among farmers, and government support are the major factors driving the market in the region. According to the AllTech feed survey in the year 2019, China has around 4,600 feed mills with the feed production of 168 million metric tons annually. The animal feed additive market in China is regulated by a legal system with registration, permit and supervision, and inspection. The responsible government departments are the State Ministry of Agriculture and the feed administration departments at the provincial level. In the feed industry, Chiatai Macro of Thailand and Ajinomoto of Japan have both set up their joint ventures in China to produce feed grade lysine. Round-Planc has set up a joint venture in Tianjin to produce feed grade methionine. New Entrants and investors in the Chinese animal feed additive market are required to abide by the numerous, complicated regulations. The importance of food safety has increased in the country, as the government undertook significant steps and formulated regulations regarding the same, such as the Food Safety Law during the study period.

Competitive Landscape

The feed companies are continuously developing new products, proposing premium-priced feed, with special brands or attributes. Most of the companies are accentuating their expansion into branded consumer products sold in supermarkets and company-operated specialty shops. Some of the major players are Adisseo France SAS, Ajinomoto Co. Inc., Archer Daniels Midland Company, Evonik Ind, and Sumitomo Chemical Company Limited, among others. Other players are focusing on strengthening and maintaining product quality, services, and commitment to their businesses, investing in product lifecycle development, and developing new chemical and biological entities. Many of these companies are pursuing the vision of becoming world leaders in animal nutrition by offering profitable, natural, and differentiated solutions.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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