Report Overview

Asia Pacific Animal Feed Market – Industry Trends & Forecast Report, 2030

Asia Pacific Animal Feed Market size was estimated at USD 60,772.03 Million in 2023. During the forecast period between 2024 and 2029, the size of Asia Pacific Animal Feed Market is projected to grow at a CAGR of 7.31% reaching a value of USD 99,556.75 Million by 2030. The Asia Pacific Animal Feed Market is driven by increasing demand for meat products from rising population, and urbanization. Growing awareness of animal nutrition, coupled with a focus on livestock health and productivity, fuels the demand for quality feed. Economic development and a shift towards higher protein diets contribute to market growth.

Animal Feed – Overview

Animal feed is a crucial component of modern agriculture, formulated to meet the nutritional needs of livestock, poultry, and aquaculture. Comprising grains, protein-rich sources, vitamins, and minerals, it enhances animal growth, health, and product quality. Feed production involves careful blending to achieve balanced diets, promoting optimal animal performance. Innovations, such as precision nutrition and sustainable sourcing, are gaining prominence. Quality feed is pivotal for efficient livestock farming, impacting food production and global supply chains. As agriculture evolves, the animal feed sector plays a pivotal role in ensuring sustainable and ethical practices for the livestock industry.

Asia Pacific Animal Feed Market  

Growth Drivers

Rapid Industrialization Boosting Market Growth

The industrialization of livestock production in the Asia Pacific region emerges as a pivotal growth driver for the animal feed market. The increasing demand for high-quality and efficient feed solutions is propelled by the modernization of farming practices. Advanced technologies, streamlined supply chains, and optimized production processes contribute to enhanced productivity and meet the rising protein requirements. The transformative shift toward industrialized livestock production is fostering significant market expansion, reflecting a dynamic and sustainable trajectory for the Asia Pacific Animal Feed Market.

Challenges

Volatile Raw Material Prices

The Asia Pacific Animal Feed Market grapples with the challenge of unpredictable raw material prices, leading to increased operational uncertainties for industry stakeholders. However, proactive measures, such as strategic hedging, have emerged as crucial safeguards, helping to buffer the market against sudden price fluctuations. Despite this, the ongoing volatility necessitates continuous adaptation and innovative risk management strategies within the sector.

Impact of Escalating Geopolitical Tensions on Asia Pacific Animal Feed Market  

Escalating geopolitical tensions in the Asia Pacific, exacerbated by the Russia-Ukraine war, have significantly impacted the animal feed market. Political uncertainties and trade disruptions have disrupted the supply chain, leading to increased prices and reduced availability of key feed ingredients. The conflict's spillover effect has heightened market volatility, causing concerns among stakeholders. Import-dependent nations face challenges in securing stable supplies, affecting livestock farmers and food production. Additionally, fluctuating currency values and regulatory uncertainties further compound the market's challenges. The Asia Pacific Animal Feed Market is navigating a complex landscape, with geopolitical tensions serving as a pivotal factor in shaping its trajectory.

Asia Pacific Animal Feed Market  

Segmental Coverage

Asia Pacific Animal Feed Market – By Product

Based on product, Asia Pacific Animal Feed Market is divided into Fodder and Forage segments. The fodder segment accounts for a higher market share, indicating a substantial focus on processed feed products for livestock. This underscores the region's emphasis on nutritionally balanced and formulated feeds to enhance animal health and productivity. The fodder segment's prominence signifies the pivotal role it plays in meeting the diverse dietary needs of livestock across the Asia Pacific region, reflecting the evolving trends and demands within the animal feed industry in this expansive market.

Asia Pacific Animal Feed Market – By Livestock

Based on livestock, Asia Pacific Animal Feed Market is divided into Pork, Aquatic Animals, Cattle, and Poultry segments. The poultry segment is the largest in the Asia Pacific Animal Feed Market. Poultry feed commands a significant share, driven by the region's growing demand for poultry products. Population growth, urbanization, and changing dietary preferences contribute to the prominence of the poultry segment. The sector benefits from the rising consumption of poultry meat and eggs across the Asia Pacific region, making it a pivotal component of the Animal Feed Market. The poultry segment's dominance underscores its economic importance and the strategic focus of the industry in catering to evolving consumer preferences.

Asia Pacific Animal Feed Market – By Country

By country, Asia Pacific Animal Feed Market is divided into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China stands out as the largest contributor to the Asia Pacific Animal Feed Market. Boasting a robust agricultural industry and a significant demand for animal feed, China plays a pivotal role in shaping the regional market. With its vast population and growing livestock sector, China leads in both the production and consumption of animal feed, influencing market dynamics across the Asia Pacific region. The nation's agricultural strength, coupled with its economic significance, positions China as the dominant force in shaping the overall landscape of the animal feed industry in the Asia Pacific region.

Competitive Landscape

Major players in the Asia Pacific Animal Feed Market include Charoen Pokphand Foods PCL, Cargill Incorporated, ADM Animal Nutrition, Alltech Inc., Novus International, DSM Nutritional Products AG, Evonik Industries AG, BASF SE, Lallemand Inc., and Zinpro Corp. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In October 2021 - Cargill and BASF formed a partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners' existing feed enzyme distribution agreements. The collaboration aims in the creation, manufacture, marketing, and sale of customer-focused enzyme products and solutions for animals, including swine.

• In July 2021 - De Heus acquired Coppens Diervoeding, a Dutch feed manufacturing company specializing in the pig farming sector. With this acquisition, De Heus aimed to double its production capacity and increase its regional presence by 400k.

Scope of Reports:

By Product

• Fodder

• Forage

By Livestock

• Pork

• Aquatic Animals

• Cattle

• Poultry

By Country

• China

• India

• Japan

• South Korea

• Australia & New Zealand

• Indonesia

• Malaysia

• Singapore

• Vietnam

• Rest of APAC

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia Pacific Animal Feed Market Insights
   1. Technology Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing population and increasing disposable income
         2. Industrialization of livestock production
         3. Expansion of the aquaculture sector
      2. Restraints
         1. Volatility in raw material prices
         2. Disease outbreaks such as avian influenza and African swine fever
      3. Opportunities
         1. Rising demand for specialty feeds
         2. High export potential
      4. Challenges
         1. Maintaining feed safety and quality
         2. Competition from imports
   3. Technological Advancements/Recent Developments
   4. Consumer Behaviour and Insights
   5. Regulatory Framework
   6. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Asia Pacific Animal Feed Market Overview
   1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Fodder
         2. Forage
         3. Others
      2. By Livestock
         1. Pork
         2. Aquatic Animals
         3. Cattle
         4. Poultry
         5. Others
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia & New Zealand
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Vietnam
         10. Rest of APAC
5. China Animal Feed Market Overview
   1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Livestock
6. India Animal Feed Market Overview
   1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Livestock
7. Japan Animal Feed Market Overview
   1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Livestock
8. South Korea Animal Feed Market Overview
   1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Livestock
9. Australia & New Zealand Animal Feed Market Overview
   1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Livestock
10. Indonesia Animal Feed Market Overview
    1. Market Size & Forecast by Value, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Distribution Channel
11. Malaysia Animal Feed Market Overview
    1. Market Size & Forecast by Value, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Livestock
12. Singapore Animal Feed Market Overview
    1. Market Size & Forecast by Value, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Livestock
13. Vietnam Animal Feed Market Overview
    1. Market Size & Forecast by Value, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Livestock
14. Rest of APAC Animal Feed Market Overview
    1. Market Size & Forecast by Value, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Livestock
15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Animal Feed Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Geopolitical Tension on Asia Pacific Animal Feed Market
17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Charoen Pokphand Foods PCL
    2. Cargill Incorporated
    3. ADM Animal Nutrition
    4. Alltech Inc.
    5. Novus International
    6. DSM Nutritional Products AG
    7. Evonik Industries AG
    8. BASF SE
    9. Lallemand Inc.
    10. Zinpro Corp.
    11. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1 Asia Pacific Animal Feed Market Segmentation

Figure 2 Asia Pacific Animal Feed Value Chain Analysis

Figure 3 Company Market Share Analysis, 2023

Figure 4       Asia Pacific Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 5       Asia Pacific Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 6       Asia Pacific Animal Feed Market Size, By Country, By Value, 2019−2030

Figure 7       China Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 8       China Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 9       India Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 10     India Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 11     Japan Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 12     Japan Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 13     South Korea Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 14     South Korea Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 15     Australia & New Zealand Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 16     Australia & New Zealand Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 17     Indonesia Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 18     Indonesia Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 19     Malaysia Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 20     Malaysia Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 21     Singapore Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 22     Singapore Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 23     Philippines Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 24     Philippines Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 25     Vietnam Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 26     Vietnam Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Figure 27     Rest of APAC Animal Feed Market Size, By Product, By Value, 2019−2030

Figure 28     Rest of APAC Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

List of Tables

Table 1         Asia Pacific Animal Feed Market Size, By Product, By Value, 2019−2030

Table 2         Asia Pacific Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 3         Asia Pacific Animal Feed Market Size, By Country, By Value, 2019−2030

Table 4         China Animal Feed Market Size, By Product, By Value, 2019−2030

Table 5         China Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 6         India Animal Feed Market Size, By Product, By Value, 2019−2030

Table 7         India Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 8         Japan Animal Feed Market Size, By Product, By Value, 2019−2030

Table 9         Japan Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 10       South Korea Animal Feed Market Size, By Product, By Value, 2019−2030

Table 11       South Korea Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 12       Australia & New Zealand Animal Feed Market Size, By Product, By Value, 2019−2030

Table 13       Australia & New Zealand Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 14       Indonesia Animal Feed Market Size, By Product, By Value, 2019−2030

Table 15       Indonesia Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 16       Malaysia Animal Feed Market Size, By Product, By Value, 2019−2030

Table 17       Malaysia Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 18       Singapore Animal Feed Market Size, By Product, By Value, 2019−2030

Table 19       Singapore Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 20       Philippines Animal Feed Market Size, By Product, By Value, 2019−2030

Table 21       Philippines Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 22       Vietnam Animal Feed Market Size, By Product, By Value, 2019−2030

Table 23       Vietnam Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 24       Rest of APAC Animal Feed Market Size, By Product, By Value, 2019−2030

Table 25       Rest of APAC Animal Feed Market Size, By Distribution Channel, By Value, 2019−2030

Table 26       Charoen Pokphand Foods PCL Company Overview

Table 27       Charoen Pokphand Foods PCL Financial Overview

Table 28       Cargill Incorporated Company Overview

Table 29       Cargill Incorporated Financial Overview

Table 30       ADM Animal Nutrition Company Overview

Table 31       ADM Animal Nutrition Financial Overview

Table 32       Alltech Inc. Company Overview

Table 33       Alltech Inc. Financial Overview

Table 34       Novus International Company Overview

Table 35       Novus International Financial Overview

Table 36       DSM Nutritional Products AG Company Overview

Table 37       DSM Nutritional Products AG Financial Overview

Table 38       Evonik Industries AG Company Overview

Table 39       Evonik Industries AG Financial Overview

Table 40       BASF SE Company Overview

Table 41       BASF SE Financial Overview

Table 42       Lallemand Inc. Company Overview

Table 43       Lallemand Inc. Financial Overview

Table 44       Zinpro Corp. Company Overview

Table 45       Zinpro Corp. Financial Overview

Table 46       Other Prominent Players Company Overview

Table 47       Other Prominent Players Financial Overview