China animal feed market is expected to grow at a compound annual growth rate of 3.12% over the forecast period to reach a market size of US$54.293 billion in 2024 from US$45.152 billion in 2018. China animal feed market is dominating the overall Asia Pacific animal feed market and is anticipated to maintain its dominance over the forecast period. Rapid urbanization and increasing disposable income is considered as the prime driver for the animal feed market in the coming years. In addition, growing population coupled with increasing meat consumption in the country is expected to propel the market growth opportunities during the forecast period. Furthermore, overall production capacity in the country is expected to grow marginally and the country’s animal feed market is highly dependent on the price of raw material like corn, soy and wheat.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottoms-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the China animal feed value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the China Animal feed market.
Major industry players profiled as part of the report are East Hope Group, Alltech, New Hope Group, Cargill, Incorporated and Wen’s Group among others.
The China animal feed market has been analyzed through following segments:
By Raw Materials
By Production Systems