Japan Feed Additive Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 650.43 Million |
| Market Size (2029) | USD 852.41 Million |
| CAGR (2024 - 2029) | 5.56 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Japan Feed Additive Market Analysis
The Japan Feed Additives Market size is estimated at USD 650.43 million in 2024, and is expected to reach USD 852.41 million by 2029, growing at a CAGR of 5.56% during the forecast period (2024-2029).
The Japan feed additives market growth is largely fuelled by increasing meat consumption and rising concern over its quality and safety. Some major drivers of the country's feed additives market are increasing awareness of meat quality and safety, increasing mass production of meat, and recent livestock disease outbreaks. Rising concern over animal health will drive the market growth positively. The aquaculture segment dominates the market, owing to the development in production technologies and increasing meat consumption. Some of the leading players in the market are JAPAN NUTRITION Co. Ltd., Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S, and Alltech, Inc. With recent bans on antibiotic growth promoters (AGPs) and growing demand for natural feed additives, Nutriad signed a distribution agreement with a Japanese company Watanabe Chemicals in June 2018, promoting the use of natural feed additives, and thereby, helping in resolving disease issues in Japanese aquaculture
Japan Feed Additive Market Trends
Shift in Consumer Preference Towards Meat and Animal Sourced Products
Japan has experienced the most dramatic shifts in the dietary preferences of its citizens during the past few years. This is due to a bag of factors with urbanization, rising incomes, changes in food supply chains. According to the Organisation for Economic Co-operation and Development (OECD) poultry and pork meat are the highest consumed in Japan. In 2019 Per capita consumption of poultry meat was 17 kg and 16.2 Kg of pork meat. In order to meet the demand, meat and milk producers tend to provide quality feed to the animals so as to meet the necessary diet requirements and enhance the animal yield. Owing to increasing meat consumption, meat production is increasing. According to the Food and Agriculture Organization (FAO), in 2016 poultry bird population was 310130 thousand heads and has increased in 2018 with a population count of 323128 thousand heads. The growing production creates an opportunity for the feed additives market as animal health has become a serious concern.
Poultry Segment Dominates the Market
In Japan, the poultry sector leads the feed additives market, holding a 42.7% value share, followed by ruminants at 32% in 2022. The cost-benefit ratio of using additives is projected to economize the cattle industry, aiding market expansion. Chicken is integral to Japanese cuisine and featured in dishes like yakitori, karaage, and teriyaki chicken, and is in high demand. This demand boost requires more poultry production, which in turn drives the need for poultry-specific feed additives. Poultry farming is economically favorable, with faster returns on investment than other livestock due to chickens' shorter lifecycles and rapid growth rates. This encourages farmers to go with poultry farming, increasing the demand for feed additives that improve the birds' growth, health, and productivity. The poultry industry has adopted advanced feed additives to enhance production. Additives such as probiotics, prebiotics, enzymes, and vitamins are crucial in improving feed conversion, immunity, and overall health, making them essential in the industry. Additionally, Japan's strict animal health and food safety regulations necessitate the development and use of compliant poultry feed additives.
Japan Feed Additive Industry Overview
The Japan feed additives market is highly concentrated, with the few leading companies accounting for the majority of the market share. The leading players in the market studied are focused on business expansion, by either investing in new production units or acquiring established small players in the region. Some of the leading players in the market are JAPAN NUTRITION Co. Ltd., Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S, and Alltech, Inc.
Japan Feed Additive Market Leaders
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JAPAN NUTRITION Co.,Ltd.
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Feedone Co., Ltd.
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Lallemand Inc.
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Chr. Hansen Holding A/S
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Alltech, Inc.
*Disclaimer: Major Players sorted in no particular order
Japan Feed Additive Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Additive Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Enzymes
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5.1.6 Mycotoxin Detoxifiers
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5.1.7 Prebiotics
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5.1.8 Probiotics
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5.1.9 Flavors and Sweeteners
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5.1.10 Pigments
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5.1.11 Binders
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5.1.12 Minerals
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Alltech Inc.
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6.3.3 BASF SE
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6.3.4 Elanco Animal Health
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6.3.5 JAPAN NUTRITION Co.,Ltd
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6.3.6 Archer Daniels Midland
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6.3.7 Feedone Co., Ltd.
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6.3.8 NOVOZYMES
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6.3.9 Lallemand Inc
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6.3.10 Chr. Hansen Holding A/S
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6.3.11 Nutreco NV
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Japan Feed Additive Industry Segmentation
Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products.
The Japan feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, and minerals) and animal type (ruminants, swine, poultry, and other animal types). The report offers market estimation and forecasts in value (USD million) for all the above segments.
| Additive Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Mycotoxin Detoxifiers | |
| Prebiotics | |
| Probiotics | |
| Flavors and Sweeteners | |
| Pigments | |
| Binders | |
| Minerals |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Others |
Japan Feed Additive Market Research FAQs
How big is the Japan Feed Additives Market?
The Japan Feed Additives Market size is expected to reach USD 650.43 million in 2024 and grow at a CAGR of 5.56% to reach USD 852.41 million by 2029.
What is the current Japan Feed Additives Market size?
In 2024, the Japan Feed Additives Market size is expected to reach USD 650.43 million.
Who are the key players in Japan Feed Additives Market?
JAPAN NUTRITION Co.,Ltd., Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S and Alltech, Inc. are the major companies operating in the Japan Feed Additives Market.
What years does this Japan Feed Additives Market cover, and what was the market size in 2023?
In 2023, the Japan Feed Additives Market size was estimated at USD 614.27 million. The report covers the Japan Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Feed Additive Industry Report
Statistics for the 2024 Japan Feed Additive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan Feed Additive analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
