South Korea Feed and Feed Additives Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, and Others), By Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others), and South Korea Feed and Feed Additives Market Insights, Industry Trend, Forecasts to 2035
Industry: Food & BeveragesSouth Korea Feed and Feed Additives Market Insights Forecasts to 2035
- The South Korea Feed and Feed Additives Market size is Expected to Grow at a CAGR of around 4.9% from 2025 to 2035
- The South Korea Feed and Feed Additives Market size is expected to hold a significant Share by 2035
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According to a research report published by Spherical Insights & Consulting, the South Korea Feed and Feed Additives Market is anticipated to grow at a CAGR of 4.9% from 2025 to 2035. The market is driven by rising demand for high-quality animal protein and growing adoption of nutritional supplements in livestock farming. Regulatory restrictions on antibiotic use and increasing focus on sustainable and efficient feed solutions are further boosting market growth.
Market Overview
The South Korea feed and feed additives business is the business that is engaged in the production and supply of animal feed and nutritional supplements like amino acids, enzymes, vitamins, antioxidants, and other supplements utilized to promote animal health, growth, and efficiency. It serves the country's poultry, swine, ruminant, and aquaculture livestock markets. Demand has grown consistently over the past few years with more and more consumption of eggs, meat, and dairy products and a move towards intensive and commercial production methods. With the government's emphasis on food safety and regulations limiting the use of antibiotics, more usage of high-tech feed additives such as probiotics and phytogenics has been seen. In addition, increasing attention towards feed efficiency and sustainable farming practices has fueled investment in technology and research by local as well as foreign investors. As livestock farmers are looking to enhance productivity and address consumers' needs for quality and safety, the feed and feed additives market is expected to increase consistently.
Report Coverage
This research report categorizes the market for the South Korea feed and feed additives market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea feed and feed additives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea feed and feed additives market.
South Korea Feed and Feed Additives Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 4.9% |
Historical Data for: | 2020-2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 126 |
Segments covered: | By Product Type, By Livestock and COVID-19 Impact Analysis |
Companies covered:: | Cargill, Incorporated, BASF SE, Evonik Industries AG, Novozymes A S, CJ CheilJedang, Nonghyup Feed, Sunjin Co., Ltd., Easy Bio, Inc., Others. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
South Korean feed and feed additives market is driven by growing demand for high-quality animal protein, like meat, eggs, and dairy, with consumers shifting their preference towards healthier and safer foods. The government's recent prohibition on antibiotic growth promoters has sped up the use of alternative additives like probiotics, enzymes, and phytogenics. Advances in feed technology and precision nutrition are also improving feed efficiency. Also driving market growth is growth in commercial livestock production and emphasis on green animal nutrition.
Restraining Factors
The South Korean feed and feed additives market are constrained by the high prices of raw materials and reliance on imports of the majority of ingredients such as corn and soymeal. Regulated new additive approvals by the authorities and inadequate awareness among small farmers are disincentives to large-scale application and market growth.
Market Segmentation
The South Korea feed and feed additives market share is classified into product type and livestock.
- The amino acids segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea feed and feed additives market is segmented by product type into antibiotics, vitamins, antioxidants, amino acids, enzymes, and others. Among these, the amino acids segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to their critical role in enhancing feed conversion efficiency, particularly in poultry and swine nutrition.
- The poultry segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea feed and feed additives market is segmented by livestock into poultry, ruminants, swine, aquaculture, and others. Among these, the poultry segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to a strong domestic demand for chicken meat and eggs and thus intensive utilization of feed supplements to aid bird productivity and well-being.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea feed and feed additives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Cargill, Incorporated
- BASF SE
- Evonik Industries AG
- Novozymes A S
- CJ CheilJedang
- Nonghyup Feed
- Sunjin Co., Ltd.
- Easy Bio, Inc.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea feed and feed additives market based on the below-mentioned segments:
South Korea Feed and Feed Additives Market, By Product Type
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Enzymes
- Others
South Korea Feed and Feed Additives Market, By Livestock
- Poultry
- Ruminants
- Swine
- Aquaculture
- Others
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