Total output value, output, import and export and trend of feed additives, Chinese herbal feed additives are favored

1、 Total output value and output of feed additives

Feed additive refers to a small amount or trace substance added in the process of feed processing, production and use, which is effective in strengthening the nutritional value of basic feed, improving animal production performance, ensuring animal health and saving feed costs. The total output value of feed additives has grown rapidly since 2016. Affected by classical swine fever in 2019, the total output value has declined. By 2020, the total output value of feed additives in China will recover to 93.3 billion yuan.

The output of feed additives in China has maintained a growth trend, driven by demand. In 2019, the output of feed additives in China was less affected by classical swine fever, and the output continued to rise, reaching 11.99 million tons. In 2020, the output of feed additives will be affected by the COVID-19, reaching 1391, with a year-on-year growth of 16%, and the output will accelerate.

2、 Analysis on the Export of Feed Additives in China

According to Chinese customs data, the export volume of feed additives made in China in 2020 declined to 937406 tons due to the impact of the COVID-19, a year-on-year decrease of 4.6%, and the export amount was US $863.19 million, a year-on-year decrease of 1.7%. In 2015-2019, although the export volume of feed additives made in China showed a gradual upward trend, the growth rate gradually slowed down. On the one hand, the rising cost has raised the price of feed additives, weakening the competitive advantage in the international market; on the other hand, the feed additive market has gradually become saturated.

3、 Analysis on the import of feed additives in China

According to Chinese customs data, affected by the COVID-19, the import volume of feed additives made in China rose rapidly in 2020, reaching 45152 tons, up 34.2% year on year, and the import amount was $182.57 million, up 46.1% year on year. In 2019, China imported 33653 tons of manufactured feed additives, a year-on-year decrease of 32.7%. The import volume of feed additives made in 2019 declined rapidly, mainly due to the increase of import prices, which made China reduce the import of feed additives made.

4、 Future development trend of feed additive industry in China

1. Chinese herbal feed additives are favored

Chinese herbal medicine feed additive is a kind of feed additive made from Chinese herbal medicine. It is a natural product and has the basic function of feed additive. In recent years, with people's growing awareness of food safety, non-toxic, harmless, and residue free animal food has attracted more and more attention. As a natural and safe additive, Chinese herbal feed additives are increasingly favored by people.

2. Biotechnology products are the main development trend in the future

Feed additive is an inevitable raw material for modern feed industry. It has obvious effects on strengthening the nutritional value of basic feed, improving animal production performance, ensuring animal health, saving feed costs, and improving the quality of animal products. With the development of feed additives towards green, efficient, safe and multi-function, the development of new safe additives with specific biological activities and functions for animals using modern biotechnology has become the main trend of feed additive technology development.