Market size and future prospects of China's feed additive industry

Feed additives refer to small or trace amounts of substances added during the production, processing, and use of feed, with minimal usage but significant effects in feed. Feed additives are essential raw materials used in modern feed industry, which have significant effects on enhancing the nutritional value of basic feed, improving animal production performance, ensuring animal health, saving feed costs, and improving the quality of livestock products. Feed additives refer to the general term for substances added to feed in small doses for a certain purpose. The purpose of using feed additives is to improve the nutritional value of feed, increase feed utilization, and promote animal production; Improve the physical properties of feed and increase its storage resistance; Enhance animal health, improve the quality of animal products, etc; The ultimate goal is to improve animal production performance and reduce production costs. With the rapid development of animal husbandry and feed industry, the use of feed additives is becoming increasingly widespread and has become an indispensable component of full price compound feed.

As the core of the feed industry, feed additives have experienced rapid development in recent years, with a gradually improved product system and increasing production, playing a positive role in promoting the development of China's feed industry. In terms of import and export, China's feed additives are mainly exported. From 2015 to 2019, the export volume of feed additives made in China increased year by year. However, from 2020 to 2021, due to the impact of the epidemic on the global aquaculture industry, market demand decreased and export volume also declined. According to statistics, as of 2022, the export volume of feed additives in China is 877000 tons, mainly exported to Vietnam, Indonesia, the Netherlands, Brazil and other places.