Asia-Pacific Animal Feed Market is expected to grow with the steady CAGR of 4.1% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.
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Asia-Pacific animal feed market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific animal feed market are introducing strong range of product portfolio. It has also helped the company to maximize the sales with enhanced product portfolio.
For instance, in September 2019, DuPont Animal Nutrition, a part of DuPont Nutrition & Biosciences (DuPont), launched Axtra PHY in Japan. The product is a fast-acting phytase enzyme that is designed to reduce phosphorus waste and improve animal performance. With this launch, the company will be able to fulfil the growing demands of customers across Asia-Pacific region.
New Hope Group is the dominating player in the animal feed market and accounts the highest market share in 2019, which is followed by BASF SE, AMBOS Stockfeeds, DuPont, Archer Daniels Midland Company, Evonik Industries AG, Solvay, Kemin Industries, Inc., Alltech, DSM, Nutreco (A subsidiary of SHV Holdings N.V.), Tyson Foods, Inc., AJINOMOTO CO.,INC., George Weston Foods Limited, AUSTRALIAN PREMIUM FEEDS, Chr. Hansen Holding A/S, INVIVO, Charoen Pokphand Group, New Hope Group, Guangdong Haid Group Co., Ltd. among others.
New Hope Group
New Hope Group headquartered in Beijing and Chengdu, China, was founded in 1982. The company performs its businesses through their industry categories namely, food and modern agriculture, real estate and infrastructure, dairy and FMCG & chemical industry and resources.
The company has wide global presence across the globe such as Australia, New Zealand, Asia & Africa, Europe and North America. In addition to it, the company also generates its revenue from their subsidiary companies such as New Hope International (Hong Kong) Limited (Hong Kong), Australian NaturalCare Products Pty. Ltd. (Australia), Wuhu Hope Feedstuff Co., Ltd. (South Korea), Feichang Dairy Co., Ltd. (China) among others.
BASF SE headquartered in Ludwigshafen, Germany, was established in 1865. The company generates the revenue from their business segments, which are functional materials & solutions, chemicals, performance products and agricultural solutions.
The company has wide global presence across the globe such as Americas, Asia, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as BASF Coatings GmbH (Germany), Wintershall , BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) among others.
AMBOS Stockfeeds is headquartered in New South Wales, Australia. The company is engaged in manufacturing of animal feeds for Australian farmers. The company offers its product in several categories such as information about the AMBOS range of feed products, information about AMBOS special and customised feeds, information about AMBOS grain and meal commodity products
The company has their presence in Australia.
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