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Asia-Pacific Feed Vitamins Market Size

The Asia-Pacific feed vitamins market is projected to experience steady growth, driven by the increasing demand for animal protein and heightened awareness of the benefits of feed vitamins. This market's expansion is influenced by the essential role vitamins play in animal nutrition, promoting health and well-being. China leads the region in market share, attributed to its substantial livestock population, while India follows as the second-largest market. Thailand and Japan are noted for their rapid growth, spurred by advancements in livestock and feed production. Overall, the market is expected to grow consistently, reflecting the broader trends in feed production and animal population growth across the region.

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Market Size of asia-pacific feed vitamins Industry

Asia-Pacific Feed Vitamins Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 592.90 Million
svg icon Market Size (2029) USD 731.72 Million
svg icon Largest Share by Sub Additive Vitamin E
svg icon CAGR (2024 - 2029) 4.30 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Feed Vitamins Market Analysis

The Asia-Pacific Feed Vitamins Market size is estimated at 592.90 million USD in 2024, and is expected to reach 731.72 million USD by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).

592.90 Million

Market Size in 2024 (USD)

731.72 Million

Market Size in 2029 (USD)

6.49 %

CAGR (2017-2023)

4.30 %

CAGR (2024-2029)

Largest Market by Sub-Additive

26.92 %

value share, Vitamin E, 2023

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Vitamin E is the largest segment in the market due to the increase in feed production and promoting health by increasing both physiological and immunological performance.

Largest Market by Country

44.30 %

value share, China, 2023

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China is the largest country because of import policy changes of feed and feed additives, increased kg/person meat consumption, and high feed production.

Fastest-growing Market by Sub-Additive

4.44 %

Projected CAGR, Vitamin C, 2024-2029

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Vitamin C is the fastest-growing segment due to the increased animal population and rising awareness about the benefits of healthy animal feed to improve animal productivity.

Fastest-growing Market by Country

5.23 %

Projected CAGR, Thailand, 2024-2029

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Thailand is the fastest-growing market due to the growth in livestock population, increase in feed production, and increase in commercial rearing.

Leading Market Player

13.14 %

market share, DSM Nutritional Products AG, 2022

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DSM is the market leader because it has a joint venture and expanded its product portfolio by acquiring Nenter's Jingzhou vitamins E production facility.

  • In 2022, feed vitamins constituted 5.3% of the Asia-Pacific feed additive market. These vitamins play a crucial role in animal feed, promoting animal growth, preventing diseases due to vitamin deficiencies, and aiding bone development. Among the vitamins, vitamin E was the most widely used, with a market value of USD 147.0 million. Its high usage was influenced by its ability to enhance resistance to infection and improve immune response against infections in farm animals.
  • Poultry birds were the largest animal type segment in the Asia-Pacific feed vitamins market, accounting for 47.0% of the market share in 2022. The poultry segment is expected to register a CAGR of 5.0% during the forecast period. Poultry birds cannot synthesize optimum amounts of vitamins during stress conditions, making vitamin supplementation in their diets beneficial.
  • China held the largest market share for feed vitamin A in the Asia-Pacific region, with a share of 43.6% in 2022, followed by India with a share of 10.5%. The higher share of China can be attributed to the higher headcount of livestock in the country. In 2022, China accounted for about 81.6% of the total swine headcount in the region.
  • Japan and Indonesia are projected to be the fastest-growing countries in the feed vitamin C segment, with CAGRs of 5.6% each during the forecast period (2023-2029). Their high growth rate is associated with the increased livestock headcount in these countries. For instance, the ruminant population in Indonesia increased by 7.8% between 2017 and 2022. Therefore, the market is anticipated to record a CAGR of 4.3% during the forecast period.
  • The Asia-Pacific feed vitamins market is expected to grow steadily during the forecast period, owing to the rising demand for animal protein and the growing awareness of the benefits of feed vitamins.
Asia-Pacific Feed Vitamins Market
  • Vitamins are essential components of animal nutrition, playing a crucial role in maintaining their health and well-being. In the Asia-Pacific region, the vitamins market held a market value of 5.3% and 1.1% in terms of value and volume, respectively, in 2022. The market is anticipated to register a CAGR of 4.3% during the forecast period.
  • China dominates the Asia-Pacific feed vitamin market, accounting for a market value of USD 242.3 million in 2022. The market is expected to register a CAGR of 4.2% during the forecast period. Vitamin E and vitamin B are the most widely used vitamins in China, accounting for 29.8% and 23.6% of the feed vitamin market value, respectively. Poultry is the primary consumer of vitamins in China, holding a 46.0% value share of the market for feed vitamins.
  • India holds the second-largest share in the vitamins market in the Asia-Pacific, with a market value of USD 52.2 million in 2022. The market is expected to register a CAGR of 4.6% during the forecast period. The increasing overall livestock population in India, which grew by 5.6% from 2017 to 2022, is the primary driver of the feed vitamin market growth.
  • Thailand and Japan are the fastest-growing markets in the Asia-Pacific region, registering a CAGR of 5.2% and 5.1%, respectively, during the forecast period. The growth of livestock production and feed production in these countries is driving market growth. For example, Thailand's feed production increased by 21.7% from 2017 to 2022.
  • Between 2017 and 2022, overall feed production in the Asia-Pacific region increased by 30.3%. With the growth in feed production and animal population, the feed vitamin market is expected to grow in the future.

Asia-Pacific Feed Vitamins Industry Segmentation

Vitamin A, Vitamin B, Vitamin C, Vitamin E are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam are covered as segments by Country.

  • In 2022, feed vitamins constituted 5.3% of the Asia-Pacific feed additive market. These vitamins play a crucial role in animal feed, promoting animal growth, preventing diseases due to vitamin deficiencies, and aiding bone development. Among the vitamins, vitamin E was the most widely used, with a market value of USD 147.0 million. Its high usage was influenced by its ability to enhance resistance to infection and improve immune response against infections in farm animals.
  • Poultry birds were the largest animal type segment in the Asia-Pacific feed vitamins market, accounting for 47.0% of the market share in 2022. The poultry segment is expected to register a CAGR of 5.0% during the forecast period. Poultry birds cannot synthesize optimum amounts of vitamins during stress conditions, making vitamin supplementation in their diets beneficial.
  • China held the largest market share for feed vitamin A in the Asia-Pacific region, with a share of 43.6% in 2022, followed by India with a share of 10.5%. The higher share of China can be attributed to the higher headcount of livestock in the country. In 2022, China accounted for about 81.6% of the total swine headcount in the region.
  • Japan and Indonesia are projected to be the fastest-growing countries in the feed vitamin C segment, with CAGRs of 5.6% each during the forecast period (2023-2029). Their high growth rate is associated with the increased livestock headcount in these countries. For instance, the ruminant population in Indonesia increased by 7.8% between 2017 and 2022. Therefore, the market is anticipated to record a CAGR of 4.3% during the forecast period.
  • The Asia-Pacific feed vitamins market is expected to grow steadily during the forecast period, owing to the rising demand for animal protein and the growing awareness of the benefits of feed vitamins.
Sub Additive
Vitamin A
Vitamin B
Vitamin C
Vitamin E
Other Vitamins
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Feed Vitamins Market Size Summary

The Asia-Pacific feed vitamins market is poised for steady growth, driven by the increasing demand for animal protein and heightened awareness of the benefits of feed vitamins. These vitamins are essential for animal nutrition, playing a vital role in promoting growth, preventing diseases, and aiding bone development. The market is characterized by a significant share of poultry, which represents the largest segment due to the inability of poultry birds to synthesize adequate vitamins under stress conditions. China leads the market, particularly in vitamin A, due to its substantial livestock population, while India follows with a strong presence in the feed vitamin sector. The region's dominance in global poultry production and the rapid urbanization and rising disposable incomes in countries like India and Vietnam further bolster the market's expansion.

The Asia-Pacific region also plays a crucial role in the global aquaculture feed production market, with countries like China, India, and Indonesia contributing significantly to the production of fish and shrimp feed. The region's focus on expanding aquaculture production and integrating technological advancements is expected to drive the feed vitamins market forward. The market is fragmented, with major players such as Adisseo, BASF SE, Cargill Inc., DSM Nutritional Products AG, and Lonza Group Ltd. holding substantial shares. Strategic acquisitions and partnerships, like DSM's collaboration with CPF and the acquisition of Erber Group’s Biomin, are enhancing product offerings and strengthening market positions. This dynamic landscape indicates a promising growth trajectory for the Asia-Pacific feed vitamins market in the coming years.

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Asia-Pacific Feed Vitamins Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Vitamin A

      2. 1.1.2 Vitamin B

      3. 1.1.3 Vitamin C

      4. 1.1.4 Vitamin E

      5. 1.1.5 Other Vitamins

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Philippines

      7. 1.3.7 South Korea

      8. 1.3.8 Thailand

      9. 1.3.9 Vietnam

      10. 1.3.10 Rest of Asia-Pacific

Asia-Pacific Feed Vitamins Market Size FAQs

The Asia-Pacific Feed Vitamins Market size is expected to reach USD 592.90 million in 2024 and grow at a CAGR of 4.30% to reach USD 731.72 million by 2029.

In 2024, the Asia-Pacific Feed Vitamins Market size is expected to reach USD 592.90 million.

Asia-pacific Feed Vitamins Market Report Snapshots

Asia-Pacific Feed Vitamins Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029