South Korea Animal Feed Market - Forecasts From 2019 To 2024

120 pages
Published on : May 2019
Report Code : KSI061612389


South Korea Animal feed market is expected to grow at a compound annual growth rate of 2.47% over the forecast period to reach a market size of US$5.096 billion in 2024 from US$4.403 billion in 2018. Increasing government regulation concerning food labeling and ingredient content is expected to drive the animal feed market in the country during the forecast period. Increasing consumption of beef and rising health consciousness is further anticipated to drive the growth of the market in the coming years. Furthermore, increasing poultry population in the country is considered as one of the prime drivers for the growth of the market. According to FAO stats, chicken production in Korea have increased from 1492 thousand in 2010 to 1701.470 thousand in 2017 which is further expected to increase in the coming years.  

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 implemented in each of the geographical regions. 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 South Korea 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 South Korea Animal feed market.

Major industry players profiled as part of the report are Cargill, Kemin Industries, Inc., Novus International, BASF SE, Novozymes and Royal Agrifirm Group among others.


The South Korea Animal feed market has been analyzed through following segments:

By Type



Compound Feed


By Livestock


Aquatic Animals





By Raw Materials



Rendered Meal


By Production Systems


Commercial mills


Target audience




Service Providers

Government Agencies

Research Organizations



Key insights offered

What will be the South Korea Animal feed market size from 2018 to 2024?

How the major drivers and restraints affecting the South Korea Animal are feed market growth and the opportunities which exist for key vendors?

Which segment and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants’ behaviour

Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.