Category

ASEAN Animal Feed Import Outlook From 2019 To 2026

Published: Aug 2021 | Report Code:  KSI061614129 | Pages:  70

Some of the common feeds include pasture grasses, hay and silage crops, cereal grains, and other by-products of food crops, such as pineapple bran, brewers' grains, and sugar beet pulp.

The United Nations Food and Agriculture Organization (FAO) estimates that by 2050 the demand for food will grow by 60% and that between 2010 and 2050 production of animal proteins is expected to grow by around 1.7% per year, with meat production projected to rise by nearly 70%, aquaculture by 90% and dairy by 55%. The ASEAN countries host dairy farms, pisciculture, and meats farms and are also ardent consumers of the same. Moreover, agriculture is a labor-intensive practice in these countries which uses cows, ox, bulls, donkeys, and horses avidly. Mixed farming is also widely practiced. This has led to high imports of animal feed from several sources.

By type, fodder is the most popular variety of animal feed.  By ingredients, wheat, corn, and soybean are widely used because of their nutrient contents. Hence, they hold a noticeable market share. By livestock, cows and swine hold a significant share. Cows and alike are the common farm animals used in both agriculture and reared for meat. Aquatic animals like fish and crustaceans are reared for food both commercially and privately. They are a budding market.

Growth Factors.

  • Increasing Fortification for Animal Feed.

Many farmers are focusing to find the fortification of animal feed with important vitamins, minerals, and other nutrients to boost its quality and strength. New prospects for animal feed will be fostered by the growing popularity of meat and meat-related products and increasing animal health problem. Livestock consumes annually about 6 billion tons of feed dry matter; 86% of the global livestock feed intake are not of edible quality, says FAO. Research and development (R&D) investments by companies to boost the nutritional value of their products are expected to stimulate market growth.

Restraint.

As the import of animal feed increases in the ASEAN countries due to several growth factors, the high price of the animal feeds and certain government regulations are impeding the growth of the market. As agriculture and livestock remain largely unorganized in these countries, the majority of the farmers and rearers are unable to bear the cost of these imported feeds.

Impact of COVID–19.

The import of Animal Feed has slowed amid the COVID-19 pandemic. Most countries have imposed restrictions on lockdown or transport, which harm production as a result of less labor footfall. In these times of crisis, producers and suppliers of the feed industry are doing their utmost to ensure that feed is accessible to all processing animals while complying with protocols to protect their employees against COVID-19 and preserve productivity. However, logistical disruption is the key problem that leads to shortages and difficulties in distribution. The government has tried to regulate the imports but as the buying capacity of the workers falls due to low production levels has left an impact. Moreover, some countries have imposed strict restrictions on import quotas which also negatively affected the imports.

Competitive Insights.

The market leaders for the ASEAN Animal Feed Import are Cargill, Inc., Purina Animal Nutrition (Land O'Lakes), New Hope Group, Archer-Daniels-Midland Company, Weston Milling Animal Nutrition, De Heus Animal Nutrition, Tyson Foods, Inc., Alltech, East Hope Group Company Ltd, and BASF SE. The key players in the market implement growth strategies such as product launches, mergers, and acquisitions, etc. to gain a competitive advantage over their competitors. For instance,

  • Cargill Inc partnered with United Nations World Food Programme (WFP) in China to reduce and mitigate the risks that corn farmers face and help them achieve food security while enhancing resilience at the community level in 2021.
  • De Heus Animal Nutrition acquired Golpasz on March 2021 and plans to acquire Coppens Diervoeding later the same year.
  • Tyson Foods Inc launched in 2021 True Meals, a premium dry dog food. Archer-Daniels-Midland Company in 2019 acquired Neovia for €1.544 billion.
  • BASF SE in 2019 launched next-generation phytase, Natuphos E, for the feed industry in Indonesia.

Segmentation:

  • By Type
    • Fodder
    • Forage
    • Compound Feed
    • Ingredients
    • Wheat
    • Corn
    • Soybean
    • Others
  • By Livestock
    • Cow
    • Poultry
    • Swine
    • Horse
    • Aquatic Animals
    • Others
  • By Country
    • Indonesia
    • Cambodia
    • Vietnam
    • Malaysia
    • Thailand
    • Laos
    • Others

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