Thailand Animal feed Market - Forecasts from 2019 to 2024
Thailand Animal feed market is expected to grow at a compound annual growth rate of 2.24% over the forecast period to reach a market size of US$7.628 billion in 2024 from US$6.678 billion in 2018. Rapid in industrialization in poultry production and increasing consumer preference for poultry meat are expected to be the prime driver for the growth of the market during the forecast period. Demand for aquatic feed is also expected to high due to increasing number of aquaculture activities in the country and growing demand for sea food. In addition, growing government initiative for the farmers also expected to propel the market growth opportunities in the coming years. For instance, Thai government has recently introduced the farmer’s reconstruction and development fund, consisting of Baht 4.5 billion non performing loans which are expected to increase the adoption of animal feed in the country.
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 Thailand 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 Thailand 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 Thailand Animal feed market has been analyzed through following segments:
By Raw Materials
By Production Systems
Key insights offered
What will be the Thailand Animal feed market size from 2018 to 2024?
How the major drivers and restraints affecting the Thailand 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.
Kemin Industries, Inc.
Royal Agrifirm Group
Charoen Pokphand Foods PCL
J.R. Simplot Company
Archer Daniels Midland Company
Royal DSM N.V.