The South Korean feed additives market was valued at US$0.371 billion in 2021.
South Korea is one of the largest feed markets in Asia which creates ample opportunities for feed additive players in this region. The booming economy and supportive governmental policies attract international players to the market. Moreover, the rising consumption of meat and rising demand for quality meat products further contribute to the feed additive market growth. However, the ban on antibiotics and socio-economic instability do hamper the market growth.
This research study examines the South Korean feed additives market based on various segments: product type, and livestock. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes South Korea’s feed additives industry. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the South Korean feed additives market. Moreover, the research study analyzes the overall regulatory framework of South Korea’s feed additives sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
South Korea feeds additives market – Forecasts from 2023 to 2028 are a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the South Korean feed additives market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$0.371 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type and Livestock |
| Companies Covered | Cargill Incorporated, Basf Se, Novozymes, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc, Elanco Animal Health, DSM Nutritional Products AG |
| Customization Scope | Free report customization with purchase |
Different segments covered under the South Korean feed additives market report are as below: