Feed additives are small or trace substances added to feed to meet special needs, which are used in small amounts in feed but have significant effects. Feed additives are the necessary raw materials used in modern feed industry, which have obvious effects on strengthening the nutritional value of basic feed, improving animal production performance, promoting animal growth and development, and improving the quality of animal products.

China's animal husbandry production continues to grow steadily, pig production is generally stable, poultry eggs and milk supply is sufficient, the development potential is great. China's animal husbandry industry is booming and is the world's largest pig producer and breeding country. According to data released by the National Bureau of Statistics, pig production was generally stable in 2022, and cattle, sheep and poultry production continued to increase. The annual output of pigs, cattle, sheep and poultry was 92.27 million tons, an increase of 3.8 percent over the previous year, exceeding 90 million tons for the first time; the output of poultry meat was 24.43 million tons, an increase of 2.6 percent; the output of milk was 39.32 million tons, an increase of 6.8 percent; and the output of poultry eggs was 34.56 million tons, an increase of 1.4 percent.

According to the data released by the animal husbandry and Veterinary Bureau of the Ministry of agriculture and rural areas and the China Feed Industry Association, the feed output value and output of the national feed industry will increase in 2022, the operation situation of large-scale enterprises is generally stable, and the pace of innovation and development of the feed industry is accelerated. In 2022, the total output of industrial feed in China was 302.234 million tons, up 3.0 percent year-on-year; the output value of feed products was 1,181.66 billion billion yuan, up 7.8 percent year-on-year. The company's main business market pig feed and ruminant feed production increased by 4% and 9.2, respectively. According to the "Ottege Agricultural Food Outlook 2023" released by Ottege, global feed production will remain stable in 2022, with a total of 1.266 billion tons. China is still the world's largest feed producer, and Asia-Pacific is still the region with the largest feed production.

Cyclical, regional and seasonal characteristics of the industry (1) Periodicity Market demand is basically the same as that of the feed industry, while the market demand situation of the feed industry and its changes are directly affected by the downstream aquaculture industry, and ultimately depends on the diet structure of the population and the consumption of meat and other products. China is a country with a large population. With the continuous growth of population and the continuous improvement of people's consumption level, the demand for livestock, poultry and aquatic products will remain at a high level and remain stable. The huge demand for animal food will promote the development of livestock, poultry and aquaculture industry, thus stimulating the growth of feed industry.

The vigorous development of animal husbandry in China has provided a broad space for the development of feed additive industry. With the continuous improvement of the concentration of the aquaculture industry and the requirements of aquaculture enterprises for production efficiency, the people's requirements for the quality and safety of animal food are gradually increasing, and feed additive products will continue to grow in the future. From the four aspects of performance as follows: