Market Size of Japan Feed Additives Industry
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 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 Additives Market Size Summary
The Japan feed additives market is poised for significant growth, driven by increasing meat consumption and heightened concerns over the quality and safety of meat products. The market is experiencing a shift due to urbanization, rising incomes, and changes in food supply chains, which have altered dietary preferences in Japan. The aquaculture segment leads the market, supported by advancements in production technologies and the growing demand for quality meat. The poultry sector, in particular, holds a substantial share of the market, with chicken being a staple in Japanese cuisine. This demand for poultry has spurred the need for specialized feed additives that enhance growth, health, and productivity, aligning with Japan's stringent animal health and food safety regulations.
The market landscape is characterized by a few dominant players who hold a significant portion of the market share. Companies such as JAPAN NUTRITION Co. Ltd., Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S, and Alltech, Inc. are at the forefront, focusing on expanding their business through investments in new production facilities and strategic acquisitions. The cost-benefit ratio of using feed additives is favorable, particularly in the cattle industry, which supports market expansion. The shift away from antibiotic growth promoters towards natural feed additives is also influencing market dynamics, as seen in Nutriad's distribution agreement with Watanabe Chemicals to promote natural solutions in Japanese aquaculture.
Japan Feed Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Additive Type
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2.1.1 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Enzymes
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2.1.6 Mycotoxin Detoxifiers
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2.1.7 Prebiotics
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2.1.8 Probiotics
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2.1.9 Flavors and Sweeteners
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2.1.10 Pigments
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2.1.11 Binders
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2.1.12 Minerals
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Others
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Japan Feed Additives Market Size 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.