With the vigorous development of animal husbandry, aquaculture and feed industry, the feed additive industry has developed by leaps and bounds, and the output value and output of feed additive products have continued to grow steadily.
Feed additive products can improve animal production performance, protect animal health, save feed costs, improve the quality of animal products, improve breeding efficiency, and achieve environmental friendliness. It is of great significance to my country's aquaculture industry. At the same time, the scale trend of the aquaculture industry will further stimulate the market demand for feed additives. With the rapid growth of the national economy, the market competition system and the continuous improvement of relevant laws, regulations and policies, the feed additive industry has developed by leaps and bounds.
In recent years, the output of feed additives in China has maintained a growth trend. With the progress of science and technology, the types of feed additives are becoming more and more abundant, and their effects are becoming more and more obvious, which has played a huge role in promoting the animal husbandry industry. In 2022, the total output of feed additives nationwide was 14.688 million tons, basically the same as that of the same period last year; the output value of feed additive products was 126.77 billion billion yuan, an increase of 9.8 percent over the same period last year.
With the continuous expansion of the scale of China's feed additive industry in recent years, the number of related enterprises in the industry has also continued to grow. According to enterprise investigation and other data, in 2021, the number of registered enterprises related to China's feed additive industry reached 64900, and the feed additive industry was booming, but the overall concentration was still low, in a fully competitive market, bringing important strategic development opportunities to the company. The concentration is relatively high in mature market segments such as flavorings and baiting substances.