Philippines Animal Feed Industry Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Philippines Animal Feed Industry Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Philippines Feed Additives Market size is expected to grow from USD 533.85 million in 2023 to USD 704.69 million by 2028, at a CAGR of 5.71% during the forecast period (2023-2028).

Key Highlights

• Amino Acids is the Largest Additive : The amino acids segment is the largest in the market due to increased awareness of balancing the gut pH, increasing livestock population, and reducing infections.
• Swine is the Largest Animal : The swine segment is the largest in the market because of the increased demand for exporting pork, the swine population, and the increasing feed production.
• Pigments is the Fastest-growing Additive : Pigments are the fastest growing segment as there is demand for the dark yellow color yolk, which enhances the appearance of poultry feed and increases investment by producers.
• Poultry is the Fastest-growing Animal : 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.

Philippines Feed Additives Market Trends

Amino Acids is the largest Additive

• In 2022, amino acids, binders, minerals, and probiotics were the main types of feed additives used in the animal feed industry in the country. These types of additives together represented 55.1% of the country's total feed additives market in terms of value. Among these types of feed additives, methionine and lysine were the most significant feed amino acids, accounting for 34.1% and 30.2% of the market share, respectively. The popularity of these amino acids was due to their ability to improve gut health, aid in easy digestion, and enhance meat production in animals.
• Synthetic binders held the largest share of the total feed binders market in the country in 2022, accounting for 66.7%. Synthetic binders were preferred because they not only served in pellet feed but also aided in preventing diseases by improving digestion and nutrition intake in animals. Swine was the major animal type in the feed additives market in 2022, accounting for 52% of the market share value. This high share was due to the high feed intake and feed production, which was more than 7.8 million metric tons in 2022.
• Pigments and amino acids are expected to be the fastest-growing segments in the feed additives market in the country, registering CAGRs of 5.5% and 5.4%, respectively, during the forecast period. Pigments were used to enhance the appearance and nutritional value of animal feed, and as animals were unable to synthesize carotenoids, they needed to be supplied in the diet.
• Based on the importance of feed additives in animal nutrition, the demand for feed additives is anticipated to register a CAGR of 4.9% during the forecast period in the country. This growth is expected to be driven by improved gut health and easy digestion in animals, as well as the growing demand for high-quality animal protein.

Philippines Feed Additives Industry Overview

The Philippines Feed Additives Market is fragmented, with the top five companies occupying 27.02%. The major players in this market are Alltech, Inc., Archer Daniel Midland Co., Cargill Inc., DSM Nutritional Products AG and IFF(Danisco Animal Nutrition) (sorted alphabetically).

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