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Australia 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; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
Australia Animal Feed Market Size
The Australia animal feed market is projected to grow at a CAGR of 3.50% between 2024 and 2032.
Australia Animal Feed Market Outlook
- The red meat sector in Australia consists of about 73,000 business of various sizes.
- In 2022, the per capita consumption of beef in Australia was approximately 23.7kg.
- The livestock export from Australia provides over AUD 1.6 billion to the economy.
Australia Animal Feed Market Growth
The growing population and moderating cost of living pressures in Australia support the growth of pork and beef consumption, further aiding the animal feed market growth in the country. Australia boasts 1.5% of the global cattle herd and 5% of the global sheep flock. An estimated 38% of Australian farm businesses are divided as broadacre livestock farms (33,500 farms), of which 19,400 are beef specialists, 10,400 are sheep specialists, and about 3,600 produce a mix of beef cattle and sheep.
Soybean, a key raw material for animal feed production, plays a key role in many farming systems as a rotation crop across eastern Australia by improving soil fertility and as a disease break. In FY 2022/2023, Australia produced 42 thousand tons of soybean in an area of 21 thousand Ha.
In 2021-2022, New South Wales (28%), Victoria (24%) and Queensland (21%), Western Australia (13.7%), South Australia (8.5%), Tasmania (3%), and the Northern Territory (1%) represented the total red meat and livestock sector turnover. Australia continues to be a top meat-consuming country globally, with around 44.84 kilos of poultry per capita on average in 2023. The increasing importance of meat-based proteins is leading to a greater demand for livestock production, further aiding the Australian animal feed market growth.
Australia Animal Feed Industry Segmentation
Australia 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
Australia Animal Feed Market Share
Based on raw material, the market is divided into soy and corn, among others. Corn is increasingly preferred for animal feed because of the high energy and feed value of the kernel, leaf and stem, and their increasing cultivation.
Leading Companies in the Australia Animal Feed Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and product launches.
- Alltech Inc
- Nutreco N.V.
- Archer-Daniels-Midland Company
- Ridley Corporation Limited
- Reid Stockfeeds
- Milne AgriGroup
- Aus Organic Feeds Pty Ltd
- Harwood Grains Pty Ltd
- Hyfeed Holdings Pty Ltd
- Castlereagh Feeds
- Others
The market players are engaged in offering new products, along with other business strategies aimed at increasing their market share and gaining a competitive edge.
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:
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| Breakup by Type |
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| Breakup by Livestock |
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| Breakup by Raw Material |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Asia Pacific Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Animal Feed Historical Market (2018-2023)
8.3 Asia Pacific Animal Feed Market Forecast (2024-2032)
9 Australia Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Australia Animal Feed Historical Market (2018-2023)
9.3 Australia Animal Feed Market Forecast (2024-2032)
10 Australia 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 Australia 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 Australia 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 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Alltech Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nutreco N.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Archer-Daniels-Midland Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Ridley Corporation Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Reid Stockfeeds
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Milne AgriGroup
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Aus Organic Feeds Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Harwood Grains Pty Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Hyfeed Holdings Pty Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Castlereagh Feeds
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Animal Feed Market: Key Industry Highlights (USD Billion), 2018 and 2032
2. Asia Pacific Animal Feed Market: Key Industry Highlights (Billion Tons), 2018 and 2032
3. Australia Animal Feed Market: Key Industry Highlights (USD Billion), 2018 and 2032
4. Australia Animal Feed Market: Key Industry Highlights (Billion Tons), 2018 and 2032
5. Australia Animal Feed Historical Market: Breakup by Type (USD Billion), 2018-2023
6. Australia Animal Feed Market Forecast: Breakup by Type (USD Billion), 2024-2032
7. Australia Animal Feed Historical Market: Breakup by Type (Billion Tons), 2018-2023
8. Australia Animal Feed Market Forecast: Breakup by Type (Billion Tons), 2024-2032
9. Australia Animal Feed Historical Market: Breakup by Livestock (USD Billion), 2018-2023
10. Australia Animal Feed Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
11. Australia Animal Feed Historical Market: Breakup by Livestock (Billion Tons), 2018-2023
12. Australia Animal Feed Market Forecast: Breakup by Livestock (Billion Tons), 2024-2032
13. Australia Animal Feed Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
14. Australia Animal Feed Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
15. Australia Animal Feed Historical Market: Breakup by Raw Material (Billion Tons), 2018-2023
16. Australia Animal Feed Market Forecast: Breakup by Raw Material (Billion Tons), 2024-2032
17. Australia Animal Feed Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 3.50% between 2024 and 2032.
Animal feed refers to any raw or processed food provided to domestic animals, including complete feed, concentrated feed, feed additives and traditional feed.
The key raw materials include soy, and corn, among others.
The major classifications based on type include fodder and forage, and compound feed.
The livestock include pork, aquatic animals, cattle, poultry, and others.
The major drivers include growing food demands due to population growth, the rising livestock production, and the growing demand for animal-based protein.
The current population of Australia is 26,679,755 (as of June 4, 2024).
The major players in the market are Alltech Inc, Nutreco N.V., Archer-Daniels-Midland Company, Ridley Corporation Limited, Reid Stockfeeds, Milne AgriGroup, Aus Organic Feeds Pty Ltd, Harwood Grains Pty Ltd, Hyfeed Holdings Pty Ltd, and Castlereagh Feeds, among others.
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