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Bangladesh Animal Feed Market

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 Market

 

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:

  • Type
  • Livestock
  • Raw Material
Breakup by Type
  • Fodder and Forage
  • Compound Feed 
Breakup by Livestock
  • Pork
  • Aquatic Animal
  • Cattle
  • Poultry
  • Others
Breakup by Raw Material
  • Soy
  • Corn
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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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