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Thailand Feed Additives Market Size

The Thailand Feed Additives Market is projected to experience significant growth over the forecast period, driven by the increasing demand for animal nutrition solutions. The market's expansion is characterized by the dominance of amino acids, binders, minerals, and probiotics, which play a crucial role in enhancing animal health and productivity. Swine and poultry segments are particularly influential in shaping the market size, with swine holding a substantial share due to the rising livestock production. The market's growth trajectory is further supported by the rapid development of amino acids, prebiotics, and probiotics, which are expected to be the fastest-growing segments, reflecting their essential role in protein synthesis and overall animal performance.

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Market Size of thailand feed additives Industry

Thailand Feed Additives Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 488.39 Million
svg icon Market Size (2029) USD 641.83 Million
svg icon Largest Share by Additive Amino Acids
svg icon CAGR (2024 - 2029) 5.62 %
svg icon Fastest Growing by Additive Amino Acids
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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Thailand Feed Additives Market Analysis

The Thailand Feed Additives Market size is estimated at 488.39 million USD in 2024, and is expected to reach 641.83 million USD by 2029, growing at a CAGR of 5.62% during the forecast period (2024-2029).

488.39 Million

Market Size in 2024 (USD)

641.83 Million

Market Size in 2029 (USD)

6.52 %

CAGR (2017-2023)

5.62 %

CAGR (2024-2029)

Largest Market by Additive

25.28 %

value share, Amino Acids, 2023

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The amino acid is the largest segment owing to its benefits and application in animals for different purposes such as gut health, muscle development, and egg formation.

Largest Market by Animal

57.80 %

value share, Poultry, 2023

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Poultry is the largest segment as the poultry feed is produced mainly due to high poultry production and the high demand for poultry meat and products.

Fastest-growing Market by Additive

6.10 %

Projected CAGR, Amino Acids, 2024-2029

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The amino acids are the fastest growing segment for the development of animal gut health and muscle development, and also is a major feed additive consumed by poultry.

Fastest-growing Market by Animal

6.70 %

Projected CAGR, Poultry, 2024-2029

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The poultry segment has witnessed the fastest growth in the market due to increased demand for eggs and poultry meat for consumption and feed production.

Leading Market Player

11.53 %

market share, DSM Nutritional Products AG, 2022

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DSM Nutritional Products is the market leader because the company has expanded its animal nutrition business by having strategic partnerships and establishing a new facility.

  • The feed additives market in the country witnessed significant growth in 2022, with amino acids, binders, minerals, and probiotics being the major additives used in compound feed, accounting for 55.8% of the market share. Among these, methionine and lysine were the most significant feed amino acids, representing 30.8% and 21.8% of the market value, respectively, due to their efficiency characteristics, including improved gut health and easy digestion in animals, along with meat production.
  • In addition to pelleting feed, synthetic feed binders were found to enhance animal digestion and nutrient intake, thereby preventing diseases. Synthetic binders held the largest share of the feed binders market in the country, accounting for 63.8% in 2022. Swine dominated the feed additives market, accounting for 57.2% of the market share by value, followed by poultry birds, which had a higher feed intake and production of approximately 12.2 million metric tons in 2022. The highest market share is mainly due to the increasing production of livestock in the country.
  • Amino acids, prebiotics, and probiotics are expected to be the fastest-growing segments in the country's feed additives market, with amino acids registering a projected CAGR of 6.1%, followed by prebiotics and probiotics registering a projected CAGR of 6% each during the forecast period. Amino acids were crucial in protein synthesis and meat and milk production, which contributed to their high growth rate.
  • Given the importance of feed additives in animal nutrition, the demand for feed additives in the country is anticipated to grow and register a CAGR of 5.6% during the forecast period.
Thailand Feed Additives Market

Thailand Feed Additives Industry Segmentation

Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast are covered as segments by Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal.

  • The feed additives market in the country witnessed significant growth in 2022, with amino acids, binders, minerals, and probiotics being the major additives used in compound feed, accounting for 55.8% of the market share. Among these, methionine and lysine were the most significant feed amino acids, representing 30.8% and 21.8% of the market value, respectively, due to their efficiency characteristics, including improved gut health and easy digestion in animals, along with meat production.
  • In addition to pelleting feed, synthetic feed binders were found to enhance animal digestion and nutrient intake, thereby preventing diseases. Synthetic binders held the largest share of the feed binders market in the country, accounting for 63.8% in 2022. Swine dominated the feed additives market, accounting for 57.2% of the market share by value, followed by poultry birds, which had a higher feed intake and production of approximately 12.2 million metric tons in 2022. The highest market share is mainly due to the increasing production of livestock in the country.
  • Amino acids, prebiotics, and probiotics are expected to be the fastest-growing segments in the country's feed additives market, with amino acids registering a projected CAGR of 6.1%, followed by prebiotics and probiotics registering a projected CAGR of 6% each during the forecast period. Amino acids were crucial in protein synthesis and meat and milk production, which contributed to their high growth rate.
  • Given the importance of feed additives in animal nutrition, the demand for feed additives in the country is anticipated to grow and register a CAGR of 5.6% during the forecast period.
Additive
Acidifiers
By Sub Additive
Fumaric Acid
Lactic Acid
Propionic Acid
Other Acidifiers
Amino Acids
By Sub Additive
Lysine
Methionine
Threonine
Tryptophan
Other Amino Acids
Antibiotics
By Sub Additive
Bacitracin
Penicillins
Tetracyclines
Tylosin
Other Antibiotics
Antioxidants
By Sub Additive
Butylated Hydroxyanisole (BHA)
Butylated Hydroxytoluene (BHT)
Citric Acid
Ethoxyquin
Propyl Gallate
Tocopherols
Other Antioxidants
Binders
By Sub Additive
Natural Binders
Synthetic Binders
Enzymes
By Sub Additive
Carbohydrases
Phytases
Other Enzymes
Flavors & Sweeteners
By Sub Additive
Flavors
Sweeteners
Minerals
By Sub Additive
Macrominerals
Microminerals
Mycotoxin Detoxifiers
By Sub Additive
Binders
Biotransformers
Phytogenics
By Sub Additive
Essential Oil
Herbs & Spices
Other Phytogenics
Pigments
By Sub Additive
Carotenoids
Curcumin & Spirulina
Prebiotics
By Sub Additive
Fructo Oligosaccharides
Galacto Oligosaccharides
Inulin
Lactulose
Mannan Oligosaccharides
Xylo Oligosaccharides
Other Prebiotics
Probiotics
By Sub Additive
Bifidobacteria
Enterococcus
Lactobacilli
Pediococcus
Streptococcus
Other Probiotics
Vitamins
By Sub Additive
Vitamin A
Vitamin B
Vitamin C
Vitamin E
Other Vitamins
Yeast
By Sub Additive
Live Yeast
Selenium Yeast
Spent Yeast
Torula Dried Yeast
Whey Yeast
Yeast Derivatives
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Dairy Cattle
Other Ruminants
Swine
Other Animals
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Thailand Feed Additives Market Size Summary

The Thailand Feed Additives Market is experiencing robust growth, driven by the increasing demand for animal nutrition and the rising production of livestock. The market is characterized by the significant use of amino acids, binders, minerals, and probiotics, with methionine and lysine being the most prominent amino acids due to their benefits in enhancing gut health and digestion in animals. The swine sector holds a dominant position in the market, followed by poultry, which is supported by the growing demand for poultry meat and eggs. The market is also witnessing a shift towards synthetic feed binders, which are gaining popularity for their role in improving animal digestion and nutrient absorption. The demand for feed additives is expected to continue its upward trajectory, fueled by the increasing farm sizes and the consolidation of producers in the country.

Aquaculture is another significant segment contributing to the feed additives market, with fish being the largest aquaculture species due to their high demand both domestically and internationally. The rapid development of aquaculture in Thailand has led to a substantial increase in the production of high-quality aquaculture feed, which is essential for enhancing productivity and reducing disease risks. The growing population and the rising demand for animal protein, coupled with the popularity of seafood, are further propelling the demand for compound feed. This trend is expected to drive the production of feed additives and compound feed, with major players like Archer Daniel Midland Co., BASF SE, Cargill Inc., DSM Nutritional Products AG, and SHV (Nutreco NV) leading the market. Collaborations and acquisitions among these companies are enhancing their expertise and global presence, contributing to the market's expansion.

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Thailand Feed Additives 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 Additive

      1. 1.1.1 Acidifiers

        1. 1.1.1.1 By Sub Additive

          1. 1.1.1.1.1 Fumaric Acid

          2. 1.1.1.1.2 Lactic Acid

          3. 1.1.1.1.3 Propionic Acid

          4. 1.1.1.1.4 Other Acidifiers

      2. 1.1.2 Amino Acids

        1. 1.1.2.1 By Sub Additive

          1. 1.1.2.1.1 Lysine

          2. 1.1.2.1.2 Methionine

          3. 1.1.2.1.3 Threonine

          4. 1.1.2.1.4 Tryptophan

          5. 1.1.2.1.5 Other Amino Acids

      3. 1.1.3 Antibiotics

        1. 1.1.3.1 By Sub Additive

          1. 1.1.3.1.1 Bacitracin

          2. 1.1.3.1.2 Penicillins

          3. 1.1.3.1.3 Tetracyclines

          4. 1.1.3.1.4 Tylosin

          5. 1.1.3.1.5 Other Antibiotics

      4. 1.1.4 Antioxidants

        1. 1.1.4.1 By Sub Additive

          1. 1.1.4.1.1 Butylated Hydroxyanisole (BHA)

          2. 1.1.4.1.2 Butylated Hydroxytoluene (BHT)

          3. 1.1.4.1.3 Citric Acid

          4. 1.1.4.1.4 Ethoxyquin

          5. 1.1.4.1.5 Propyl Gallate

          6. 1.1.4.1.6 Tocopherols

          7. 1.1.4.1.7 Other Antioxidants

      5. 1.1.5 Binders

        1. 1.1.5.1 By Sub Additive

          1. 1.1.5.1.1 Natural Binders

          2. 1.1.5.1.2 Synthetic Binders

      6. 1.1.6 Enzymes

        1. 1.1.6.1 By Sub Additive

          1. 1.1.6.1.1 Carbohydrases

          2. 1.1.6.1.2 Phytases

          3. 1.1.6.1.3 Other Enzymes

      7. 1.1.7 Flavors & Sweeteners

        1. 1.1.7.1 By Sub Additive

          1. 1.1.7.1.1 Flavors

          2. 1.1.7.1.2 Sweeteners

      8. 1.1.8 Minerals

        1. 1.1.8.1 By Sub Additive

          1. 1.1.8.1.1 Macrominerals

          2. 1.1.8.1.2 Microminerals

      9. 1.1.9 Mycotoxin Detoxifiers

        1. 1.1.9.1 By Sub Additive

          1. 1.1.9.1.1 Binders

          2. 1.1.9.1.2 Biotransformers

      10. 1.1.10 Phytogenics

        1. 1.1.10.1 By Sub Additive

          1. 1.1.10.1.1 Essential Oil

          2. 1.1.10.1.2 Herbs & Spices

          3. 1.1.10.1.3 Other Phytogenics

      11. 1.1.11 Pigments

        1. 1.1.11.1 By Sub Additive

          1. 1.1.11.1.1 Carotenoids

          2. 1.1.11.1.2 Curcumin & Spirulina

      12. 1.1.12 Prebiotics

        1. 1.1.12.1 By Sub Additive

          1. 1.1.12.1.1 Fructo Oligosaccharides

          2. 1.1.12.1.2 Galacto Oligosaccharides

          3. 1.1.12.1.3 Inulin

          4. 1.1.12.1.4 Lactulose

          5. 1.1.12.1.5 Mannan Oligosaccharides

          6. 1.1.12.1.6 Xylo Oligosaccharides

          7. 1.1.12.1.7 Other Prebiotics

      13. 1.1.13 Probiotics

        1. 1.1.13.1 By Sub Additive

          1. 1.1.13.1.1 Bifidobacteria

          2. 1.1.13.1.2 Enterococcus

          3. 1.1.13.1.3 Lactobacilli

          4. 1.1.13.1.4 Pediococcus

          5. 1.1.13.1.5 Streptococcus

          6. 1.1.13.1.6 Other Probiotics

      14. 1.1.14 Vitamins

        1. 1.1.14.1 By Sub Additive

          1. 1.1.14.1.1 Vitamin A

          2. 1.1.14.1.2 Vitamin B

          3. 1.1.14.1.3 Vitamin C

          4. 1.1.14.1.4 Vitamin E

          5. 1.1.14.1.5 Other Vitamins

      15. 1.1.15 Yeast

        1. 1.1.15.1 By Sub Additive

          1. 1.1.15.1.1 Live Yeast

          2. 1.1.15.1.2 Selenium Yeast

          3. 1.1.15.1.3 Spent Yeast

          4. 1.1.15.1.4 Torula Dried Yeast

          5. 1.1.15.1.5 Whey Yeast

          6. 1.1.15.1.6 Yeast Derivatives

    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 Dairy Cattle

          2. 1.2.3.1.2 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

Thailand Feed Additives Market Size FAQs

The Thailand Feed Additives Market size is expected to reach USD 488.39 million in 2024 and grow at a CAGR of 5.62% to reach USD 641.83 million by 2029.

In 2024, the Thailand Feed Additives Market size is expected to reach USD 488.39 million.

Feed Additives Market in Thailand Report Snapshots

Thailand Feed Additives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029