Philippines Animal Feed Additive Market (2023-2029) | Trends, Analysis, Share, Value, Growth, Revenue, Size, Industry, Segmentation, Outlook & COVID-19 IMPACT

Philippines Animal Feed Additive Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 54.79% over the previous year. While the USA registered a decline of -8.67% as compared to the previous year. In the year 2017, the USA was the largest exporter followed by the Netherlands. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the Philippines has a Herfindahl index of 904 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  991 which signifies high competitiveness in the market.

Philippines Animal Feed Additive Market | Country-Wise Share and Competition Analysis

Topics Covered In the Philippines Animal Feed Additive Market Report

The Philippines Animal Feed Additive Market report thoroughly covers the market by additive types, livestock, form, and by function. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Animal Feed Additive Market Synopsis

The Philippines Animal Feed Additive Market is projected to grow in the forecast year.  The country has strong economic growth due to its young age and rapidly growing population. Increasing urbanization and a rise in household income are bolstering the market.

According to 6Wresearch, Philippines Animal Feed Additive Market size is expected to grow during 2023 -2029. The need for feed additives is increasing to improve the quality of the livestock. The market is primarily driven by the high demand for poultry products. The government is also taking various measures to enhance the market. The other factors which bolstered the growth of the market are the increase in the production of livestock, the rise in disposable income, and the expansion of the trade.  The government of the Philippines has imposed a ban on imported meat to boost the local feed additive market. The government has also started various programs to support the Philippines Animal Feed Additive Industry.  There are certain challenges faced by the market.  The cost of the raw material is high. There is a lack of awareness among people regarding the benefits of these products. The farmers face difficulty in accessing the distribution channels as these channels are underdeveloped.

COVID-19 Impact on the Philippines Animal Feed Additive Market

The COVID-19 pandemic has caused significant disruptions to the Animal Feed Additive Market in Phillippines.  The major challenge faced by farmers was the disruptions in the supply chain and it led to a shortage of raw materials for the production of the additives. There was a decrease in demand for meat products due to less consumption by the population. There was a shift in consumer behavior as people were staying at home and the culture of pet ownership increased. Many farmers found it difficult to access markets or transport their goods due to social distancing measures.

Philippines Animal Feed Additive Market: Key players

The key players operating in the country are:-

• Cargill Philippines Inc.
• DSM Nutritional Products
• Evonik Philippines Inc.
• Novus International Inc.
• Adisseo Asia Pacific Pte Ltd
• Alltech Philippines
• BASF Philippines Inc.
• Kemin Industries Inc.
• Jefo Philippines Inc.
• Biomin Philippines Inc.

Market by Additives Type

Based on additives type, the market is segmented into Amino Acids, Antioxidants, Feed Enzymes, Feed Acidifiers, Vitamins, Minerals, Antibiotics and Others. All the segments will dominate the market on the back end of increasing the overall well-being of animals and it will increase the Philippines Animal Feed Additive Market Growth.

Market by Livestock

Based on Livestock, the market is segmented into Swine, Ruminants, Poultry, Aquatic Animals, and Others. All the segment is expected to witness growth due to the unique and distinctive requirement of the different species, leading to an increase in Philippines Animal Feed Additive Market Share.

Market by Form

Based on form, the market is divided into Dry, Liquid, and Others. Dry and liquid segments will dominate the market for the overall efficiency of the livestock sector.

Market by Function

According to Dhaval, Research Manager, 6Wresearch, based on function the market is segmented into Single Function and Multifunction.  Both segments will dominate the market to cater to the various need of the producers.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines Animal Feed Additive Market Outlook
• Market Size of Philippines Animal Feed Additive Market, 2022
• Forecast of Philippines Animal Feed Additive Market, 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Revenues & Volume for the Period 2019 - 2029
• Philippines Animal Feed Additive Market Trend Evolution
• Philippines Animal Feed Additive Market Drivers and Challenges
• Philippines Animal Feed Additive Price Trends
• Philippines Animal Feed Additive Porter's Five Forces
• Philippines Animal Feed Additive Industry Life Cycle
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Additive Type for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Amino acids for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Antioxidants for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Feed enzymes for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Feed acidifiers for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Vitamins for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Minerals for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Antibiotics for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Amino acids Animal Feed Additive Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Livestock for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Swine for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Ruminants for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Poultry for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Aquatic Animals for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Form for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Dry for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Liquid for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Single Function for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Animal Feed Additive Market Revenues & Volume By Multifunction for the Period 2019 - 2029
• Philippines Animal Feed Additive Import Export Trade Statistics
• Market Opportunity Assessment By Additive Type
• Market Opportunity Assessment By Livestock
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Function
• Philippines Animal Feed Additive Top Companies Market Share
• Philippines Animal Feed Additive Competitive Benchmarking By Technical and Operational Parameters
• Philippines Animal Feed Additive Company Profiles
• Philippines Animal Feed Additive Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Additive Type

• Amino Acids
• Antioxidants
• Feed Enzymes
• Feed Acidifiers
• Vitamins
• Minerals
• Antibiotics
• Others

By Livestock

• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others

By Form

• Dry
• Liquid
• Others

By Function

• Single Function
• Multifunction