Feed production in the Asia-Pacific region will continue to grow

According to the latest Mills Institution survey, the average annual growth rate of global formula feed was 1.1 per cent (963 million tons) in 2013, compared with 1.1 per cent in 2009 and 1.5 per cent in 2011. It is not difficult to see that the current global feed production is in an era of extreme expansion. In 2010, the global production of compound feed was as high as 7.25 tons. From the comparison of the global total feed output over the years (from 1995 to 2011), it can be seen that the global total feed output is basically in a steady growth trend (only a few years decreased slightly). Among them, feed production in Asia-Pacific countries is still in the leading position. At present, the largest feed production region in the world is still concentrated in the Asia-Pacific region.

From the global feed survey in previous years, it can be seen that the global compound feed production in 2000 increased by 3.5% compared with 1995, nearly 5.75% in 2005 compared with 2000, and another 12.25% in 2010. In the latest data survey, the feed industry has entered the fastest growth period since 2005. On the whole, feed production has continued to grow in recent years, but each time the growth rate is slowing down, with an average annual growth rate of 1%.

So far, the Asia-Pacific region is still the world's largest feed market, in which the rapid growth of developing countries, led by China, has a great driving force. From 2007 to 2013, the animal feed additive market in the Asia-Pacific region developed rapidly, mainly due to the enhancement of farmers' awareness and the promotion of government development plans. According to the Asia-Pacific Feed Additives Market Prospect 2018, "in 2010, the export of milk, meat and eggs in Asia reached 266.9 million tons, 123.2 million tons and 42.5 million tons respectively". There has been a surge in demand for animal products, including meat, eggs and milk. In 2012, the Asia-Pacific region produced 33.75% of the world's industrial formula feed. China alone produces 17.4% of the world's formula feed, while the rest of the Asia-Pacific region produces 16.3%. Feed production in Europe (including Russia) accounts for 22.8 per cent of global feed production, 21.75 per cent in North America, 15.6 per cent in Latin America and 6.4 per cent in the Middle East and Africa.

The use of feed additives has promoted the global growth momentum of the feed additive industry. Emerging markets such as the Asia-Pacific region, Latin America, the Middle East and Africa have witnessed the growing demand of the newly wealthy for better-quality meat products. Out of concern for the quality of meat and to ensure the safety of meat products in the event of different disease outbreaks, manufacturers began to focus on the quality of animal feed. There are a large number of product types in the global feed additive market, such as amino acids, enzymes, acidifiers, toxin adsorbents, antimicrobial peptides, microecological preparations and so on.

In the past, the emergence of new diseases reduced the production performance of livestock and affected the production of animal products. In order to reduce this negative impact, farmers in more areas began to add supplementary feed and feed to their livestock to make up for the cost of feed with an increase in income. The use of feed additives has also reduced livestock pollution of land and groundwater.

The global market for animal feed additives is worth $13.5 billion in 2011 and is expected to reach $17.5 billion in 2018, according to a new report. The compound annual growth rate (CAGR) of the global animal feed additive market rose 3.8 per cent from 2011 to 2018, according to a report released by transparent Market Research. In the overall global market, the Asia-Pacific region is expected to maintain its leading position in earnings until 2018, and the Asia-Pacific region is expected to account for 32.4% of the global animal feed additive market.