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Bangladesh 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; Competitive Landscape; 2024-2032
Bangladesh Animal Feed Market Size
The Bangladesh animal feed market is projected to grow at a CAGR of 8.70% between 2024 and 2032.
Bangladesh Animal Feed Market Outlook
- In MY 2023/2024, Bangladesh produced 145 tons of soybean in a cultivated area of 80 Ha.
- In Bangladesh, approximately 20% of the population earns their livelihood through work associated with raising cattle and poultry.
- The significant livestock population in Bangladesh, is contributing to a growing demand for animal feed for improved meat quality.
Bangladesh Animal Feed Market Growth
Bangladesh is one among the largest densely populated countries in the world, with a population of 150 million and the current population growth rate of 1.50% per annum. Agriculture and livestock play a key role in the economic development of the country. In 2021, the cattle population in Bangladesh was 2nd among the SAARC countries and 7th among the Asian countries . During FY 2021-22, Bangladesh had a livestock population of more than 43 crores, with 5 crores 67 lakhs of cattle, buffaloes, sheep, and goats, and 37 crores 56 lakhs of poultry.
Soybean is gaining popularity as a cash crop in Bangladesh. It is majorly cultivated in the southern belt, including Noakhali and Lakshmipur districts in Chattagram Division, and Pirojpur, Patuakhali, Bhola, and districts in the Barishal Division. The domestically produced soybeans in the country is predominantly used in feed production.
Commercial poultry farms in Bangladesh are expanding their businesses. The private feed companies have started contract farming for the production of poultry. Moreover, there is a growing use of formulated feed in aquaculture production in the country. The growing adoption of meat-based protein among the rising population in Bangladesh is significantly leading to a demand for animal feed, for enhancing the nutrient profile of the livestock, thereby supporting the market growth.
Bangladesh Animal Feed Industry Segmentation
Bangladesh 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
Bangladesh Animal Feed Market Share
Based on livestock, the market is divided into pork, aquatic animal, cattle, and poultry, among others. The cattle segment is anticipated to grow significantly with the growing demand for beef from the large Muslim population, rising demand for dairy products, and increasing awareness regarding the health benefits of meat.
Leading Companies in the Bangladesh 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.
- New Hope Liuhe Co., Ltd
- Quality Feeds Ltd
- AGATA Feed Mills Ltd
- Astha Feed
- Aftab Feed Products Ltd
- Paragon Feed Limited
- Others
The market players are increasing their production capacity, launching new feed products, and investing in research and development.
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 |
|
| 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 Bangladesh Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Bangladesh Animal Feed Historical Market (2018-2023)
9.3 Bangladesh Animal Feed Market Forecast (2024-2032)
10 Bangladesh 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 Bangladesh 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 Bangladesh 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 New Hope Liuhe Co., Ltd.
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 Quality Feeds Ltd.
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 AGATA Feed Mills Ltd.
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 Astha Feed
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 Aftab Feed Products 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 Paragon Feed Limited
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 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. Bangladesh Animal Feed Market: Key Industry Highlights (USD Billion), 2018 and 2032
4. Bangladesh Animal Feed Market: Key Industry Highlights (Billion Tons), 2018 and 2032
5. Bangladesh Animal Feed Historical Market: Breakup by Type (USD Billion), 2018-2023
6. Bangladesh Animal Feed Market Forecast: Breakup by Type (USD Billion), 2024-2032
7. Bangladesh Animal Feed Historical Market: Breakup by Type (Billion Tons), 2018-2023
8. Bangladesh Animal Feed Market Forecast: Breakup by Type (Billion Tons), 2024-2032
9. Bangladesh Animal Feed Historical Market: Breakup by Livestock (USD Billion), 2018-2023
10. Bangladesh Animal Feed Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
11. Bangladesh Animal Feed Historical Market: Breakup by Livestock (Billion Tons), 2018-2023
12. Bangladesh Animal Feed Market Forecast: Breakup by Livestock (Billion Tons), 2024-2032
13. Bangladesh Animal Feed Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
14. Bangladesh Animal Feed Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
15. Bangladesh Animal Feed Historical Market: Breakup by Raw Material (Billion Tons), 2018-2023
16. Bangladesh Animal Feed Market Forecast: Breakup by Raw Material (Billion Tons), 2024-2032
17. Bangladesh Animal Feed Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 8.70% between 2024 and 2032.
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 total population of Bangladesh is about 150 million.
The livestock population in Bangladesh during FY 21-22 was more than 43 crores.
Animal feed refers to the raw or processed foods given to domesticated animals.
The major players in the market are Alltech Inc, Nutreco N.V, New Hope Liuhe Co., Ltd, Quality Feeds Ltd, AGATA Feed Mills Ltd, Astha Feed, Aftab Feed Products Ltd, and Paragon Feed Limited, among others.
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