Reports
Sale
Asia Pacific Animal Feed Market Size, Share, Trends, Growth: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Asia Pacific Animal Feed Market Size
The Asia Pacific animal feed market is projected to grow at a CAGR of 6.30% between 2024 and 2032.
Asia Pacific Animal Feed Outlook
- As per the industry reports, animal feed production in Asia Pacific has witnessed a healthy growth rate of 5.7% with India and China being the largest contributors.
- As per a survey by Alltech, in 2021, Japan recorded 24.797 million tonnes of animal feed production.
- In 2022, Indonesia played a significant role in the expansion of the aquaculture feed industry by contributing to a 10% growth in the Asia Pacific region.
Asia Pacific Animal Feed Market Growth
The outlook of the animal feed market is being positively shaped due to increasing animal nutrition awareness and advancements in technology in feed manufacturing. Animal nutrition plays a key role in improving livestock production and preventing diseases. According to Poultry Hub Australia, in Timor Leste, the One Page Feed Formulation (OPFF) Tool for chickens has been altered to provide a balanced diet for pigs.
Moreover, feed manufacturing technology is being constantly revised in the APAC region to meet regional requirements. For instance, eFeed- a precision management and nutrition organisation integrated dairy farming with artificial intelligence (AI) to offer better yield boosting recommendations. Additionally, there is a rising demand for meat and dairy products which is driving market expansion in Asia- Pacific.
Also, there is a rising demand for animal feed produced using sustainable methods, driven by increased emphasis on maintaining animal health. Examples of sustainable animal feed include algae feed, insect feed, single-cell protein (SCP) feed, and phytogenic feed. Algae feed is used to enrich animal feed with essential fatty acids, vitamins, and minerals. Insect-based feed is high in protein and can be used as a nutritious feed supplement. SCP feed is derived from microorganisms and is a high-quality protein source. Phytogenic feed additives are derived from plant-based sources and can be used to improve animal health and reduce antibiotic use.
Asia Pacific Animal Feed Industry Segmentation
“Asia Pacific Animal Feed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Fodder and Forage
- Compound Feed
Market Breakup by Livestock
- Pork
- Aquatic Animal
- Cattle
- Poultry
- Others
Market Breakup by Raw Material
- Soy
- Corn
- Others
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
Asia Pacific Animal Feed Market Share
The primary raw materials used to produce animal feed are soy and corn. Soybean meal is highly preferred for monogastric animals such as swine because it contains high protein, amino acids, and low fiber and aids in energy metabolisation. Corn, on the other hand, is considered the most important component in animal feed and a prominent source of energy. Moreover, it is estimated that 70-80% of corn produce is utilised as an ingredient for animal feed apart from other raw materials.
Among countries, India is the largest producer of milk and buffalo meat, and the second largest producer of goat meat. This significant production of milk and meat products drives the demand for animal feed in the country to ensure optimum animal well-being. Moreover, India's exports of animal products in 2022-23 were valued at USD 4,062.15 million, where buffalo meat accounted for over 78.65% of total exports. The significant exports of animal products, including buffalo meat, goat meat, and poultry products also drive the demand for animal feed in the country.
Leading Companies in Asia Pacific Animal Feed Market
Market players are continuously investing in feed manufacturing technologies and promoting environmental sustainability
- Cargill, Incorporated
- Nutreco N.V.
- Alltech Inc.
- Archer Daniels Midland Company
- Charoen Pokphand Foods Public Company Limited
- BRF S.A
- De Heus Voeders BV
- Leong Hup International Berhad
- New Hope Liuhe Co., Ltd.
- FEED ONE CO., LTD.
- BioMar Group
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Livestock |
|
| Breakup by Raw Material |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Global Animal Feed Historical Market (2018-2023)
8.3 Global Animal Feed Market Forecast (2024-2032)
8.4 Global Animal Feed Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Animal Feed Historical Market (2018-2023)
9.3 Asia Pacific Animal Feed Market Forecast (2024-2032)
10 Asia Pacific Animal Feed Market by Type
10.1 Fodder and Forage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Asia Pacific Animal Feed Market by Livestock
11.1 Pork
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aquatic Animal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cattle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Poultry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Asia Pacific Animal Feed Market by Raw Material
12.1 Soy
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corn
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Asia Pacific Animal Feed Market by Country
13.1 China
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Japan
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 ASEAN
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cargill, Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nutreco N.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Alltech Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Archer Daniels Midland Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Charoen Pokphand Foods Public Company Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BRF S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 De Heus Voeders BV
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Leong Hup International Berhad
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 New Hope Liuhe Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 FEED ONE CO., LTD.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 BioMar Group
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Animal Feed Market: Key Industry Highlights (USD Billion), 2018 and 2032
2. Global Animal Feed Market: Key Industry Highlights (Billion Tons), 2018 and 2032
3. Asia Pacific Animal Feed Market: Key Industry Highlights (USD Billion), 2018 and 2032
4. Asia Pacific Animal Feed Market: Key Industry Highlights (Billion Tons), 2018 and 2032
5. Asia Pacific Animal Feed Historical Market: Breakup by Type (USD Billion), 2018-2023
6. Asia Pacific Animal Feed Market Forecast: Breakup by Type (USD Billion), 2024-2032
7. Asia Pacific Animal Feed Historical Market: Breakup by Type (Billion Tons), 2018-2023
8. Asia Pacific Animal Feed Market Forecast: Breakup by Type (Billion Tons), 2024-2032
9. Asia Pacific Animal Feed Historical Market: Breakup by Livestock (USD Billion), 2018-2023
10. Asia Pacific Animal Feed Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
11. Asia Pacific Animal Feed Historical Market: Breakup by Livestock (Billion Tons), 2018-2023
12. Asia Pacific Animal Feed Market Forecast: Breakup by Livestock (Billion Tons), 2024-2032
13. Asia Pacific Animal Feed Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
14. Asia Pacific Animal Feed Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
15. Asia Pacific Animal Feed Historical Market: Breakup by Raw Material (Billion Tons), 2018-2023
16. Asia Pacific Animal Feed Market Forecast: Breakup by Raw Material (Billion Tons), 2024-2032
17. Asia Pacific Animal Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
18. Asia Pacific Animal Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
19. Asia Pacific Animal Feed Historical Market: Breakup by Country (Billion Tons), 2018-2023
20. Asia Pacific Animal Feed Market Forecast: Breakup by Country (Billion Tons), 2024-2032
21. Asia Pacific Animal Feed Market Structure
Key Questions Answered in the Report
The animal feed market is estimated to grow at a CAGR of 6.30% between 2024 and 2032.
The rising awareness regarding animal nutrition, technological advancements, rising demand for meat and dairy products, and expansion of the livestock industry are the major drivers of the market.
Key trends aiding market expansion include the integration of AI into feed production technologies, availability of wide variety of animal feed to cater to specific diet requirement, and rising exports of poultry and livestock.
The countries included in report are India, China, Japan, Malaysia, ASEAN, and Australia, among others.
Based on type, market segmentations include fodder and forage and compound feed.
Proper animal nutrition is essential to both the safety and quality of products derived from animals as well as the health and welfare of the animals.
The major players in the market are Cargill, Incorporated, Nutreco N.V., Alltech Inc., Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, BRF S.A, De Heus Voeders BV, Leong Hup International Berhad, New Hope Liuhe Co., Ltd., FEED ONE CO., LTD, and BioMar Group, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER