Asia Pacific Animal Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Swine, Aquatic Animals, Cattle, Poultry, Others), By Raw Materials (Soya, Canola, Rendered Meal), By Production Systems (Integrated, Commercial Mills), By Distribution Channel (Direct Selling, Distributor), And By Country - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061610149 Pages: 110

The Asia Pacific animal feed market is expected to grow at a CAGR of 6.14% over the forecast period to reach a market size of US$214.546 billion in 2027 from US$141.349 billion in 2020. 

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, with the changing technology and growing meat industry in the region the market is anticipated to grow significantly 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. Further, 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. 

Growing focus on animal health and increase in the demand for organic meat to propel market growth

A rising focus on animal health is also predicted to drive market expansion. 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 advantages of using feed additives to mitigate or even prevent harmful diseases is projected to increase market demand. Concerns about food safety are likely to augment the demand for high-quality animal feed to guarantee the safety of meat. Further,  the growth of the animal feed market in the region is also growing due to the growing farm owners’ awareness of the importance of maintaining a healthy diet for the animals. As a result, they are shifting from using the standard animal feed to adopting functional and premium variants that would help improve enzootic disease immunity while also alleviating 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 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.
  • In July 2021, De Heus acquired Coppens Diervoeding, which is a Dutch feed manufacturing company that specialises in the pig farming sector. Through this acquisition, the company successfully doubled its production capacity and also increase its regional presence.

COVID-19 Impact on the Asia Pacific Animal Feed Market

During the COVID-19 pandemic, agriculture and food production were considered as critical sectors in Asia-Pacific. Consequently, farmers have always strived to provide high-quality nutrition to their farm animals in order to cater to a growing volume of Asia-Pacific consumer demographic. However, the supply chain got disrupted majorly during the pandemic due to social distancing measures and mandated lockdowns, which caused a stir in the production, as well as transportation of these products. However, China, which is a major producer and exporter of animal feed products, managed to stockpile sufficient products to counter supply for the next 2-3 months during the emergence of the pandemic while many businesses were closed for the Lunar New Year.

Asia Pacific Animal Feed Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$141.349 billion
 Market Size Value in 2027  US$214.546 billion
 Growth Rate  CAGR of 6.14% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Livestock, Raw Materials, Production Systems, Distribution Channel, And Country
 Regions Covered China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Thailand, Taiwan, Others
 Companies Covered NCargill, Incorporated, Kemin Industries, Inc., New Hope Liuhe Co., Ltd., Archer-Daniels-Midland Company, Weston Milling Animal Nutrition, De Heus Beheer B.V., Tyson Foods Inc., Alltech Inc., East Hope Group, Godrej Agrovet Limited
 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. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

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

 

5. ASIA PACIFIC ANIMAL FEED MARKET, BY TYPE

5.1. Introduction

5.2. Fodder

5.3. Forage

5.4. Compound Feed

 

6. ASIA PACIFIC ANIMAL FEED MARKET, BY LIVESTOCK

6.1. Introduction

6.2. Swine

6.3. Aquatic Animals

6.4. Cattle

6.5. Poultry

6.6. Others

 

7. ASIA PACIFIC ANIMAL FEED MARKET, BY RAW MATERIALS

7.1. Introduction

7.2. Soya

7.3. Canola

7.4. Rendered Meal

7.5. Others

 

8. ASIA PACIFIC ANIMAL FEED MARKET, BY PRODUCTION SYSTEMS

8.1. Introduction

8.2. Integrated

8.3. Commercial mills

 

9. ASIA PACIFIC ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL

9.1. Introduction

9.2. Direct selling 

9.3. Distributor 

 

10. ASIA PACIFIC ANIMAL FEED MARKET, BY COUNTRY

10.1. Introduction

10.2. China

10.3. Japan

10.4. India

10.5. South Korea

10.6. Australia

10.7. Indonesia

10.8. Vietnam

10.9. Thailand

10.10. Taiwan

10.11. Others

 

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Emerging Players and Market Lucrativeness

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Vendor Competitiveness Matrix

 

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 

 De Heus Beheer B.V.

Tyson Foods Inc.

Alltech Inc.

East Hope Group

Godrej Agrovet Limited

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