The Japan animal feed market is projected to witness a compound annual growth rate of 2.15% to grow to US$12,868.450 million by 2028, from US$11,090.446 million in 2021.
Several variables interact to shape the dynamics of the animal feed industry in Japan. The market for animal products, shifting consumer tastes, legal issues, economic situations, technical developments, environmental concerns, and disease outbreaks are some of the major forces at play. The market is also shaped by population changes, the effects of climate change and natural catastrophes, international trade agreements, and trade policies. Moreover, feed compositions and manufacturing methods are influenced by current research and development initiatives, health and nutrition trends, and other factors. Together, these variables affect the industry's sustainability, demand, and composition in Japan, reflecting changes in the nation's food production and consumption patterns.
According to FAS/Tokyo, with higher output in 2021 and 2022, cattle stockpiles will rise to 3.995 million metric tonnes (MT) by the end of 2023. FAS/Tokyo predicts that the output of beef in 2023 will be 490,000 MT, unchanged from 2022. The demand for food services is gradually rebounding from the demand shocks caused by COVID-19; nonetheless, some consumers are switching from beef to pork due to increased retail costs for imported beef. As per the same source, Japan will produce 1.305 million MT of pork by the end of 2023, while imports will stay the same at 1.485 million MT.
The growth of the animal feed market in Japan has been fueled by the rising consumption of meat and other animal products. The Japanese livestock sector has grown to satisfy the growing consumer demand for meat, poultry, dairy, and associated goods. The need for animal feed has increased as a result of the increase in livestock output to maintain the animals' health, growth, and quality of product. To meet this demand, the Japanese animal feed industry developed customized feed formulas, incorporated cutting-edge technology, and addressed changing health and welfare regulations. All of these actions have helped the country's animal feed market to expand and remain sustainable.
As per the FAS, pork consumption is predicted to be almost stable in 2021 at 2.725 million MT, a small increase from 2020. A reduction in the total consumption for 2020 to 2.724 million is made because of the pandemic's weak demand for food services. Early in 2021, these patterns are anticipated to continue. Approximately half of Japan's pork supply is normally consumed at home, compared to just 40% for beef, according to industry sources. The Ministry of International Affairs and Communications (MIAC) survey data indicates that, in 2020, household consumption of pork (including gammon and sausage) increased by 8% from 2019 to 11 kg per person. Furthermore, as per GAIN, in 2020, 33 percent of household consumption was made up of beef, up three percent from the year before. Pork comprised 54% of household consumption in 2020, representing a 4% rise from the year before. In addition, 44 percent came from chicken, up four percent from 2019.
The market is set to expand at a CAGR of XX%. Feed forms an integral part of poultry diets as it helps in the development of their bones and eggs, improves overall digestion, and also enhances the egg-laying capacity. The booming demand for protein-rich meals in Japan has bolstered chicken consumption in the country, which is projected to drive the market demand and consumption of feed products to improve poultry health and end-products. According to the USDA’s “Poultry and Products Annual” report, in January 2023, chicken meat consumption in Japan stood at 2,879 thousand metric tons, which represented a 0.1% increase over January 2022 consumption scale. The moderate growth is attributable to the reported HPAI cases in Japan in the winter season (From October 2022 to May 2023), which led to the culling of 18 million birds in Japan, of which 93% were egg layers. However, the necessary steps taken by the government to limit the HPAI spread are expected to positively impact the poultry sector in Japan. According to the Agriculture and Livestock Industries Corporation, in the first half of 2023, chicken production witnessed 0.2% growth in comparison to the first half of 2022
Moreover, the growing disposable income and improvement in lifestyle are further expected to increase the chicken meat demand, especially broiler, in the coming years, thereby augmenting the overall poultry feed in Japan. According to the data provided by the Ministry of Agriculture, Forestry, and Fisheries, as of February 2023, the broiler chicken population in Japan witnessed a 2% year-on-year growth.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$11,090.446 million |
| Market Size Value in 2028 | US$12,868.450 million |
| Growth Rate | CAGR of 2.15% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | System, Devices and Components, and Mode of Transportation |
| Companies Covered | Japan Nutrition Co., Ltd. (Itochu Corporation), Feedone Co., Ltd., Lallemand Inc., Chr. Hansen Holding A/S, Alltech, Inc., Showa Sangyo Co., Ltd., Feed One Co., Ltd., Nestle Japan Ltd., Marubeni Nisshin Feed Co., Ltd., Nosan Corporation (Mitsubishi Corporation) |
| Customization Scope | Free report customization with purchase |
Japan Animal Feed Market Segmentation: