Asia Pacific Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Swine, Aquatic Animals, Cattle, Poultry, Others), By Raw Materials (Soya, Canola, Rendered Meal, Others), By Production Systems (Integrated, Commercial Mills), By Distribution Channel (Direct Selling, Distributor), And By Country - Forecasts From 2024 To 2029
- Published : Feb 2024
- Report Code : KSI061610149
- Pages : 110
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The Asia Pacific animal feed market is evaluated at US$155.521 billion for the year 2022 growing at a CAGR of 6.16% reaching the market size of US$236.309 billion by the year 2029.
Rapid urbanization and rising disposable income in the region are expected to be the prime drivers behind this growth during the forecast period. In countries like India, the livestock population especially cattle, are associated with the rising human population, changing technology and growing meat industry in the region in the coming years. In addition, rising consumer health awareness is further expected to widen up growth opportunities for vendors and manufacturers in the region. According to a study by the FAO, it has been predicted that livestock production in the APAC region is expected to rise by 14% between 2021 and 2030. The development and growth of livestock production across the region are expected to lead to significant demand for highly nutritious animal feed products. The rise in the industrial production of beef, pork, mutton, and poultry overgrazing and mixed farming is projected to boost the demand for high-grade animal feed products in the Asia Pacific.
Market Drivers
- Growing focus on animal health and increase in the demand for organic meat to propel market growth.
Increased cattle farming is projected to drive demand for animal feed, due to the burgeoning demand for animal-based products by humans. Natural growth supporters are thus forecasted to be active in the market as their momentum grows further. Growing consumer awareness regarding the benefits of using feed additives to mitigate or even prevent harmful diseases has resulted in a shift from using standard animal feed to adopting functional and premium variants that would help improve enzootic disease immunity while also reducing the risk of metabolic disorders, injuries, acidosis, and infections. Furthermore, a rise in the demand for organic meat from consumers across various countries in the region, as well as the undertaking of new animal-rearing practices and the maintenance of high farming standards, has projected a positive outlook for the market in the region.
Key Developments
- In October 2023: De Heus India announced to set up a new state-of-the-art production plant at Vividha Industrial Park, Punjab where the company would produce high-quality feed products that would bolster farm practices, The plant will be operational by 2025 and will produce 180 kMT (Kilo metric Tons) of animal feed.
- In April 2023: CH4 Global Inc. launched “Methane Tamer™ Beef Feedlot” which is a methane-reducing digestive aide feed formulation consisting of Asparagopsis seaweed. The new formulation will reduce methane emissions in cattle by 90% without negatively impacting their overall health and meat quality.
- In October 2021, BASF and Cargill announced a collaborative partnership in the animal nutrition business, augmenting R&D capabilities with new markets to the existing feed enzymes distribution agreements of the partners. This collaboration has aided in the creation, manufacturing, marketing, as well as sales of consumer-focused enzyme products, services and solutions for animals.
Asia Pacific Animal Feed Market Scope:
| Report Metric | Details |
| Market Size Value in 2022 | US$155.521 billion |
| Market Size Value in 2029 | US$236.309 billion |
| Growth Rate | CAGR of 6.16% from 2022 to 2029 |
| Base Year | 2022 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
|
| Companies Covered |
|
| Regions Covered | China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Thailand, Taiwan, Others |
| Customization Scope | Free report customization with purchase |
Segmentation:
- By Type
- Fodder
- Forage
- Compound Feed
- By Livestock
- Swine
- Aquatic Animals
- Cattle
- Poultry
- Others
- By Raw Materials
- Soya
- Canola
- Rendered Meal
- Others
- By Production Systems
- Integrated
- Commercial mills
- By Distribution Channel
- Direct Selling
- Distributor
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Vietnam
- Thailand
- Taiwan
- Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. ASIA PACIFIC ANIMAL FEED MARKET BY TYPE
5.1. Introduction
5.2. Fodder
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Forage
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Compound Feed
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
6. ASIA PACIFIC ANIMAL FEED MARKET BY LIVESTOCK
6.1. Introduction
6.2. Swine
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Aquatic Animal
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Cattle
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
6.5. Poultry
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
6.5.3. Geographic Lucrativeness
6.6. Others
6.6.1. Market Trends and Opportunities
6.6.2. Growth Prospects
6.6.3. Geographic Lucrativeness
7. ASIA PACIFIC ANIMAL FEED MARKET BY RAW MATERIALS
7.1. Introduction
7.2. Soya
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Canola
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Rendered Meal
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
7.5. Others
7.5.1. Market Trends and Opportunities
7.5.2. Growth Prospects
7.5.3. Geographic Lucrativeness
8. ASIA PACIFIC ANIMAL FEED MARKET BY PRODUCTION SYSTEMS
8.1. Introduction
8.2. Integrated
8.2.1. Market Trends and Opportunities
8.2.2. Growth Prospects
8.2.3. Geographic Lucrativeness
8.3. Commercial Mills
8.3.1. Market Trends and Opportunities
8.3.2. Growth Prospects
8.3.3. Geographic Lucrativeness
9. ASIA PACIFIC ANIMAL FEED MARKET BY DISTRIBUTION CHANNEL
9.1. Introduction
9.2. Direct Selling
9.2.1. Market Trends and Opportunities
9.2.2. Growth Prospects
9.2.3. Geographic Lucrativeness
9.3. Distributor
9.3.1. Market Trends and Opportunities
9.3.2. Growth Prospects
9.3.3. Geographic Lucrativeness
10. ASIA PACIFIC ANIMAL FEED MARKET BY COUNTRY
10.1. Introduction
10.2. China
10.2.1. Market Trends and Opportunities
10.2.2. Growth Prospects
10.2.3. Geographic Lucrativeness
10.3. Japan
10.3.1. Market Trends and Opportunities
10.3.2. Growth Prospects
10.3.3. Geographic Lucrativeness
10.4. India
10.4.1. Market Trends and Opportunities
10.4.2. Growth Prospects
10.4.3. Geographic Lucrativeness
10.5. South Korea
10.5.1. Market Trends and Opportunities
10.5.2. Growth Prospects
10.5.3. Geographic Lucrativeness
10.6. Australia
10.6.1. Market Trends and Opportunities
10.6.2. Growth Prospects
10.6.3. Geographic Lucrativeness
10.7. Indonesia
10.7.1. Market Trends and Opportunities
10.7.2. Growth Prospects
10.7.3. Geographic Lucrativeness
10.8. Vietnam
10.8.1. Market Trends and Opportunities
10.8.2. Growth Prospects
10.8.3. Geographic Lucrativeness
10.9. Thailand
10.9.1. Market Trends and Opportunities
10.9.2. Growth Prospects
10.9.3. Geographic Lucrativeness
10.10. Taiwan
10.10.1. Market Trends and Opportunities
10.10.2. Growth Prospects
10.10.3. Geographic Lucrativeness
10.11. Others
10.11.1. Market Trends and Opportunities
10.11.2. Growth Prospects
10.11.3. Geographic Lucrativeness
11. COMPETITIVE ENVIRONMENT AND ANALYSIS
11.1. Major Players and Strategy Analysis
11.2. Market Share Analysis
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Competitive Dashboard
12. COMPANY PROFILES
12.1. Cargill, Incorporated
12.2. Kemin Industries, Inc.
12.3. New Hope Liuhe Co., Ltd.,
12.4. Archer-Daniels-Midland Company
12.5. Weston Milling Animal Nutrition
12.6. De Heus Beheer B.V.
12.7. Tyson Foods Inc.
12.8. Alltech Inc.
12.9. East Hope Group
12.10. Godrej Agrovet Limited
Cargill, Incorporated
Kemin Industries, Inc.
New Hope Liuhe Co., Ltd.,
Archer-Daniels-Midland Company
Weston Milling Animal Nutrition
Tyson Foods Inc.
Alltech Inc.
East Hope Group
Godrej Agrovet Limited
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