South Korea Fermented Feed Ingredient Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The South Korea Fermented Feed Ingredient Market has experienced significant growth in recent years, driven by the increasing demand for sustainable and nutritious animal feed. Fermented feed ingredients are gaining popularity due to their ability to enhance digestion, improve the absorption of nutrients, and support animal health. As the agricultural industry in South Korea becomes more advanced, industries are actively seeking innovative feed solutions to improve the productivity of livestock and poultry.
Fermented feed ingredients are created through the fermentation of organic materials, such as grains, oilseeds, and other agricultural by-products. The fermentation process helps break down complex nutrients, making them more digestible and bioavailable to animals. This contributes to better growth rates, improved feed conversion ratios, and healthier animals overall. Given these benefits, fermented feed ingredients are increasingly becoming an essential part of the South Korean animal feed market.
Industries in South Korea, particularly those involved in animal farming and aquaculture, are increasingly adopting fermented feed ingredients to meet the growing demand for high-quality and sustainable food products. Poultry, swine, and dairy farms are some of the primary sectors driving this shift, as they seek ways to improve the nutritional quality of their animals' feed. The aquaculture industry also stands to benefit significantly from fermented feed ingredients, as they contribute to improved water quality and healthier fish populations.
One of the key drivers for this market's growth is the rising awareness of the environmental impact of traditional feed ingredients. Fermented feed ingredients, being more efficient in nutrient utilization, help reduce the need for conventional feed additives, which are often linked to environmental degradation. In addition, fermented feed ingredients help reduce the carbon footprint of animal farming, making them an attractive choice for industries committed to sustainable practices.
As the demand for fermented feed ingredients continues to rise, the South Korean market is expected to see further innovation and development. Companies are investing in research and development to enhance the fermentation process, improve the quality of the ingredients, and expand their range of applications. This includes exploring the use of fermented by-products as feed for livestock, which could contribute to a more circular economy in agriculture.
The South Korea Fermented Feed Ingredient Market is expected to continue its upward trajectory, driven by advancements in technology, sustainability goals, and growing awareness of the benefits of fermentation in animal nutrition. The future of this market looks promising as more industries recognize the value of fermented feed ingredients in optimizing animal performance while minimizing environmental impacts.
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AB Vista
Archer Daniels Midland
Ajinomoto
Alltech
Angel Yeast
Balchem
BASF
Bluestar Adisseo
Cargill
Chr. Hansen
CJ CheilJedang
DowDuPont
Evonik Industries
Fermented Nutrition
Kemin Industries
Kent Nutrition Group
Kerry Group
Koninklijke DSM
Lonza Group
Lallemand
Novozymes
Novus International
Nutreco
SweetPro Feeds
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Fermented Feed Ingredient Market
Probiotics
Prebiotics
Fermented Protein Sources
Fermented Forages
Cattle
Poultry
Pigs
Fish and Aquaculture
Others (sheep, goats, etc.)
Animal Nutrition
Feed Additives
Supplements
Specialty Feeds
Liquid Formulations
Dry Powder Formulations
Granular Formulations
Direct Sales
Retail Sales
Online Sales
Distributors and Wholesalers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Fermented Feed Ingredient Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Fermented Feed Ingredient Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Fermented Feed Ingredient Market, By Type
6. South Korea Fermented Feed Ingredient Market, By Application
7. South Korea Fermented Feed Ingredient Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Fermented Feed Ingredient Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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