Report Overview

Asia-Pacific Compound Feed Market – Industry Trends & Forecast Report, 2029

Asia-Pacific compound feed market size was estimated at USD 81.69 billion in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific compound feed market is projected to grow at a CAGR of 4.22% reaching a value of USD 115.12 billion by 2029. Major factor driving the growth of the Asia-Pacific compound feed market is an increasing demand for high-quality animal protein products due to population growth and rising disposable incomes. Also, there was a shift towards more sustainable and organic feed options, driven by environmental and health concerns. The market also saw technological advancements in feed formulations and production processes to enhance nutritional value and feed efficiency. The adoption of innovative ingredients and additives, coupled with the expansion of the livestock industry, contributed to the overall development of the compound feed sector in the Asia-Pacific region.

Asia-Pacific Compound Feed Market - Overview

Compound feed, also known as manufactured feed, is a nutritionally balanced mixture of various ingredients designed to meet the dietary requirements of livestock and poultry. This ready-to-eat feed includes cereals, grains, protein-rich sources (e.g., soybean meal), vitamins, minerals, and additives. Produced through precise formulation and processing, compound feed ensures optimal growth, health, and productivity of animals, while reducing wastage and cost inefficiencies associated with individual ingredient feeding. It plays a crucial role in modern livestock farming, supporting efficient and sustainable meat, milk, and egg production. Balanced compound feed enhances animal welfare and fosters food security by supporting the livestock industry's growth and productivity.

Growth Drivers

Rising Demand for Protein-rich Foods Propelling Growth of Asia-Pacific Compound Feed Market

In the rapidly developing Asia-Pacific region, the compound feed market is being driven by the escalating demand for protein-rich food products. As economies grow, so does the purchasing power of consumers, leading to a shift in dietary preferences towards protein-heavy diets. Also, a surge in population and urbanization further fuels the demand for livestock and poultry products. Compound feed, being a cost-effective and efficient means of enhancing animal growth and productivity, has become a crucial factor in meeting the escalating protein requirements. This growing appetite for protein-based diets is expected to fuel the continuous expansion of the Asia-Pacific Compound feed market.

Restraints

Sustainability Challenges

In the rapidly growing Asia-Pacific compound feed market, one significant restraint is the mounting pressure for sustainable practices. With increasing awareness of environmental concerns and consumer demands for ethically sourced products, feed manufacturers face challenges in sourcing sustainable ingredients. Satisfying the rising demand for livestock and aquaculture feed while adhering to eco-friendly practices requires substantial investments in research and development. Also, compliance with stringent regulations related to emissions, waste management, and resource utilization further complicates the industry's expansion. Successfully navigating these sustainability constraints will be crucial for the long-term growth and viability of the region's compound feed market.

Asia-Pacific Compound Feed Market

Segmental Coverage

Asia-Pacific Compound Feed Market – By Ingredient

Based on ingredients, the Asia-Pacific compound feed market is divided into Cereals, Cakes & Meals, and Animal B-products segments. The largest segment in the Asia-Pacific compound feed market is cereals, which encompasses various grains and cereals used in animal feed production. This segment is characterized by its significant market share and widespread use in the region. The other segments, cakes & meals and animal B-products are also important components of the market but do not match the dominance of the cereals segment. As demand for livestock and poultry products continues to grow in the region, the cereals segment is expected to maintain its leading position in the compound feed industry.

Asia-Pacific Compound Feed Market – By Livestock

By livestock, the Asia-Pacific compound feed market is divided into Ruminants, Poultry, Swine, and Aquaculture segments. The poultry segment holds the highest market share, reflecting its significance and demand within the region. Poultry farming is prevalent in many countries, driven by the increasing consumption of poultry products. Factors such as population growth, rising incomes, and changing dietary preferences have contributed to the growth of the poultry segment in the Asia-Pacific compound feed market, making it the most prominent and influential sector in the industry.

Asia-Pacific Compound Feed Market – By Form

Based on form, Asia-Pacific compound feed market is divided into Mash, Pallets, and Crumbles segments. Each segment represents a specific form of compound feed used in animal nutrition. Mash refers to finely ground feed, while pellets are compacted and shaped feed products. Crumbles are small particles formed from crushed pellets. These segments offer different benefits and are tailored to meet the specific nutritional needs and feeding preferences of various livestock species. The diversity in product forms enables farmers and feed manufacturers to select the most suitable option based on the target animal's age, size, and dietary requirements, contributing to the overall growth and efficiency of the regional feed industry.

Asia-Pacific Compound Feed Market – By Source

On the basis of source, Asia-Pacific compound feed market is bifurcated into Plant- based and Animal-based segment. In the plant-based segment, the feed is primarily derived from various plant sources, such as grains, soybean, and other agricultural products. On the other hand, the animal-based segment comprises feed that is sourced from animal-derived ingredients like fishmeal or meat by-products. These segments cater to the diverse nutritional needs of livestock, poultry, and aquaculture industries in the region. The compound feed industry in Asia Pacific plays a crucial role in supporting the growing demand for high-quality and balanced nutrition for animal farming operations.

Asia-Pacific Compound Feed Market – By Country

By country, Asia-Pacific compound feed market is segmented into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. These countries have distinct agricultural practices, livestock preferences, and economic factors that influence their compound feed consumption patterns. Understanding the dynamics of these segments is crucial for stakeholders and businesses seeking to capitalize on the diverse opportunities in the booming Asia-Pacific compound feed market.

Competitive Landscape

Major players in the Asia-Pacific Compound feed market include Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Ingredient

• • Cereals

  • Cakes & Meals

  • Animal B-products

By Livestock

• • Ruminants

  • Poultry

  • Swine

  • Aquaculture

By Form

• • Mash

  • Pallets

  • Crumbles

By Source

• • Plant- based

  • Animal-based

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. APAC Compound Feed Market Insights
   1. Source Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Surge in demand for appropriate livestock nutrition
         2. Advancement in technology
      2. Restraints
         1. Volatile raw material prices for manufacturing of compound feed
      3.  Opportunities
         1. Growing importance of livestock feeding practice in developing economies
      4. Challenges
         1. Stringent regulatory framework
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. 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. APAC Compound Feed Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Ingredient
         1. Cereals
         2. Cakes & Meals
         3. Animal B-products
         4. Others
      2. By Livestock
         1. Ruminants
         2. Poultry
         3. Swine
         4. Aquaculture
         5. Others
      3. By Form
         1. Mash
         2. Pallets
         3. Crumbles
         4. Others
      4. By Source
         1. Plant- based
         2. Animal-based
      5. 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 Compound Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Ingredient
      2. By Livestock
      3. By Form
      4. By Source
6. India Compound Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Ingredient
      2. By Livestock
      3. By Form
      4. By Source
7. Japan Compound Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Ingredient
      2. By Livestock
      3. By Form
      4. By Source
8. South Korea Compound Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Ingredient
      2. By Livestock
      3. By Form
      4. By Source
9. Australia & New Zealand Compound Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Ingredient
      2. By Livestock
      3. By Form
      4. By Source
10. Indonesia Compound Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Ingredient
       2. By Livestock
       3. By Form
       4. By Source
11. Malaysia Compound Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Ingredient
       2. By Livestock
       3. By Form
       4. By Source
12. Singapore Compound Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Ingredient
       2. By Livestock
       3. By Form
       4. By Source
13. Vietnam Compound Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Ingredient
       2. By Livestock
       3. By Form
       4. By Source
14. Rest of APAC Compound Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Ingredient
       2. By Livestock
       3. By Form
       4. By Source
15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Compound Feed Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia-Pacific Compound Feed Market
17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Charoen Pokphand Foods
    2. Cargill Inc.
    3. Land O Lakes Purina
    4. Alltech Inc.
    5. Archer Daniels Midland
    6. ForFarmers
    7. DeKalb Feeds
    8. Kent Feeds
    9. Weston Milling Animal Nutrition
    10. Nutreco NV
    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 Region
    5.    Assumptions & Limitations

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

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

List of Figures

Figure 1       Asia-Pacific Compound Feed Segmentation                      

Figure 2       Asia-Pacific Compound Feed Market Value Chain Analysis                    

Figure 3       Company Market Share Analysis, 2022                  

Figure 4       Asia-Pacific Compound Feed Market Size, By Value (USD Billion), 2019–2029                   

Figure 5       Asia-Pacific Compound Feed Market Share, By Ingredient, By Value, 2019–2029                            

Figure 6       Asia-Pacific Compound Feed Market Share, By Livestock, By Value, 2019–2029                            

Figure 7       Asia-Pacific Compound Feed Market Share, By Form, By Value, 2019–2029                      

Figure 8       Asia-Pacific Compound Feed Market Share, By Source, By Value, 2019–2029                   

Figure 9       Asia-Pacific Compound Feed Market Share, By Country, By Value, 2019–2029                   

Figure 10     China Compound Feed Market Size, By Value (USD Billion), 2019–2029                   

Figure 11     China Compound Feed Market Share, By Ingredient, By Value, 2019–2029                       

Figure 12     China Compound Feed Market Share, By Livestock, By Value, 2019–2029                        

Figure 13     China Compound Feed Market Share, By Form, By Value, 2019–2029                     

Figure 14     China Compound Feed Market Share, By Source, By Value, 2019–2029                   

Figure 15     India Compound Feed Market Size, By Value (USD Billion), 2019–2029                   

Figure 16     India Compound Feed Market Share, By Ingredient, By Value, 2019–2029                       

Figure 17     India Compound Feed Market Share, By Livestock, By Value, 2019–2029                         

Figure 18     India Compound Feed Market Share, By Form, By Value, 2019–2029                      

Figure 19     India Compound Feed Market Share, By Source, By Value, 2019–2029                   

Figure 20     Japan Compound Feed Market Size, By Value (USD Billion), 2019–2029                           

Figure 21     Japan Compound Feed Market Share, By Ingredient, By Value, 2019–2029                      

Figure 22     Japan Compound Feed Market Share, By Livestock, By Value, 2019–2029                        

Figure 23     Japan Compound Feed Market Share, By Form, By Value, 2019–2029                     

Figure 24     Japan Compound Feed Market Share, By Source, By Value, 2019–2029                   

Figure 25     South Korea Compound Feed Market Size, By Value (USD Billion), 2019–2029                            

Figure 26     South Korea Compound Feed Market Share, By Ingredient, By Value, 2019–2029                            

Figure 27     South Korea Compound Feed Market Share, By Livestock, By Value, 2019–2029                            

Figure 28     South Korea Compound Feed Market Share, By Form, By Value, 2019–2029                    

Figure 29     South Korea Compound Feed Market Share, By Source, By Value, 2019–2029                   

Figure 30     Australia & New Zealand Compound Feed Market Size, By Value (USD Billion), 2019–2029                    

Figure 31     Australia & New Zealand Compound Feed Market Share, By Ingredient, By Value, 2019–2029                    

Figure 32     Australia & New Zealand Compound Feed Market Share, By Livestock, By Value, 2019–2029                    

Figure 33     Australia & New Zealand Compound Feed Market Share, By Form, By Value, 2019–2029                    

Figure 34     Australia & New Zealand Compound Feed Market Share, By Source, By Value, 2019–2029                    

Figure 35     Indonesia Compound Feed Market Size, By Value (USD Billion), 2019–2029                     

Figure 36     Indonesia Compound Feed Market Share, By Ingredient, By Value, 2019–2029                            

Figure 37     Indonesia Compound Feed Market Share, By Livestock, By Value, 2019–2029                   

Figure 38     Indonesia Compound Feed Market Share, By Form, By Value, 2019–2029                        

Figure 39     Indonesia Compound Feed Market Share, By Source, By Value, 2019–2029                      

Figure 40     Malaysia Compound Feed Market Size, By Value (USD Billion), 2019–2029                       

Figure 41     Malaysia Compound Feed Market Share, By Ingredient, By Value, 2019–2029                   

Figure 42     Malaysia Compound Feed Market Share, By Livestock, By Value, 2019–2029                    

Figure 43     Malaysia Compound Feed Market Share, By Form, By Value, 2019–2029                          

Figure 44     Malaysia Compound Feed Market Share, By Source, By Value, 2019–2029                       

Figure 45     Singapore Compound Feed Market Size, By Value (USD Billion), 2019–2029                     

Figure 46     Singapore Compound Feed Market Share, By Ingredient, By Value, 2019–2029                            

Figure 47     Singapore Compound Feed Market Share, By Livestock, By Value, 2019–2029                   

Figure 48     Singapore Compound Feed Market Share, By Form, By Value, 2019–2029                        

Figure 49     Singapore Compound Feed Market Share, By Source, By Value, 2019–2029                     

Figure 50     Vietnam Compound Feed Market Size, By Value (USD Billion), 2019–2029                       

Figure 51     Vietnam Compound Feed Market Share, By Ingredient, By Value, 2019–2029                   

Figure 52     Vietnam Compound Feed Market Share, By Livestock, By Value, 2019–2029                    

Figure 53     Vietnam Compound Feed Market Share, By Form, By Value, 2019–2029                          

Figure 54     Vietnam Compound Feed Market Share, By Source, By Value, 2019–2029                        

Figure 55     Rest of APAC Compound Feed Market Size, By Value (USD Billion), 2019–2029                            

Figure 56     Rest of APAC Compound Feed Market Share, By Ingredient, By Value, 2019–2029                            

Figure 57     Rest of APAC Compound Feed Market Share, By Livestock, By Value, 2019–2029                            

Figure 58     Rest of APAC Compound Feed Market Share, By Form, By Value, 2019–2029                   

Figure 59     Rest of APAC Compound Feed Market Share, By Source, By Value, 2019–2029                            

List of Tables

Table 1        Asia-Pacific Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 2        Asia-Pacific Compound Feed Market Size, By Ingredient, By Value, 2019–2029         

Table 3        Asia-Pacific Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 4        Asia-Pacific Compound Feed Market Size, By Form, By Value, 2019–2029     

Table 5        Asia-Pacific Compound Feed Market Size, By Source, By Value, 2019–2029   

Table 6        Asia-Pacific Compound Feed Market Size, By Country, By Value, 2019–2029 

Table 7        China Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 8        China Compound Feed Market Size, By Ingredient, By Value, 2019–2029      

Table 9        China Compound Feed Market Size, By Livestock, By Value, 2019–2029        

Table 10      China Compound Feed Market Size, By Form, By Value, 2019–2029    

Table 11      China Compound Feed Market Size, By Source, By Value, 2019–2029  

Table 12      India Compound Feed Market Size, By Value (USD Billion), 2019–2029

Table 13      India Compound Feed Market Size, By Ingredient, By Value, 2019–2029       

Table 14      India Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 15      India Compound Feed Market Size, By Form, By Value, 2019–2029     

Table 16      India Compound Feed Market Size, By Source, By Value, 2019–2029  

Table 17      Japan Compound Feed Market Size, By Value (USD Billion), 2019–2029        

Table 18      Japan Compound Feed Market Size, By Ingredient, By Value, 2019–2029      

Table 19      Japan Compound Feed Market Size, By Livestock, By Value, 2019–2029       

Table 20      Japan Compound Feed Market Size, By Form, By Value, 2019–2029    

Table 21      Japan Compound Feed Market Size, By Source, By Value, 2019–2029 

Table 22      South Korea Compound Feed Market Size, By Value (USD Billion), 2019–2029         

Table 23      South Korea Compound Feed Market Size, By Ingredient, By Value, 2019–2029         

Table 24      South Korea Compound Feed Market Size, By Livestock, By Value, 2019–2029         

Table 25      South Korea Compound Feed Market Size, By Form, By Value, 2019–2029    

Table 26      South Korea Compound Feed Market Size, By Source, By Value, 2019–2029 

Table 27      Australia & New Zealand Compound Feed Market Size, By Value (USD Billion), 2019–2029 

Table 28      Australia & New Zealand Compound Feed Market Size, By Ingredient, By Value, 2019–2029 

Table 29      Australia & New Zealand Compound Feed Market Size, By Livestock, By Value, 2019–2029 

Table 30      Australia & New Zealand Compound Feed Market Size, By Form, By Value, 2019–2029 

Table 31      Australia & New Zealand Compound Feed Market Size, By Source, By Value, 2019–2029 

Table 32      Indonesia Compound Feed Market Size, By Value (USD Billion), 2019–2029  

Table 33      Indonesia Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 34      Indonesia Compound Feed Market Size, By Livestock, By Value, 2019–2029  

Table 35      Indonesia Compound Feed Market Size, By Form, By Value, 2019–2029        

Table 36      Indonesia Compound Feed Market Size, By Source, By Value, 2019–2029     

Table 37      Malaysia Compound Feed Market Size, By Value (USD Billion), 2019–2029    

Table 38      Malaysia Compound Feed Market Size, By Ingredient, By Value, 2019–2029  

Table 39      Malaysia Compound Feed Market Size, By Livestock, By Value, 2019–2029   

Table 40      Malaysia Compound Feed Market Size, By Form, By Value, 2019–2029

Table 41      Malaysia Compound Feed Market Size, By Source, By Value, 2019–2029       

Table 42      Singapore Compound Feed Market Size, By Value (USD Billion), 2019–2029  

Table 43      Singapore Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 44      Singapore Compound Feed Market Size, By Livestock, By Value, 2019–2029 

Table 45      Singapore Compound Feed Market Size, By Form, By Value, 2019–2029       

Table 46      Singapore Compound Feed Market Size, By Source, By Value, 2019–2029     

Table 47      Vietnam Compound Feed Market Size, By Value (USD Billion), 2019–2029    

Table 48      Vietnam Compound Feed Market Size, By Ingredient, By Value, 2019–2029  

Table 49      Vietnam Compound Feed Market Size, By Livestock, By Value, 2019–2029    

Table 50      Vietnam Compound Feed Market Size, By Form, By Value, 2019–2029

Table 51      Vietnam Compound Feed Market Size, By Source, By Value, 2019–2029       

Table 52      Rest of APAC Compound Feed Market Size, By Value (USD Billion), 2019–2029         

Table 53      Rest of APAC Compound Feed Market Size, By Ingredient, By Value, 2019–2029         

Table 54      Rest of APAC Compound Feed Market Size, By Livestock, By Value, 2019–2029         

Table 55      Rest of APAC Compound Feed Market Size, By Form, By Value, 2019–2029   

Table 56      Rest of APAC Compound Feed Market Size, By Source, By Value, 2019–2029

Table 57      Charoen Pokphand Foods Company Overview

Table 58      Charoen Pokphand Foods Financial Overview

Table 59      Cargill Inc. Company Overview

Table 60      Cargill Inc. Financial Overview

Table 61      Land O Lakes Purina Company Overview

Table 62      Land O Lakes Purina Financial Overview

Table 63      Alltech Inc. Company Overview

Table 64      Alltech Inc. Financial Overview

Table 65      Archer Daniels Midland Company Overview

Table 66      Archer Daniels Midland Financial Overview

Table 67      ForFarmers Company Overview

Table 68      ForFarmers Financial Overview

Table 69      DeKalb Feeds Company Overview

Table 70      DeKalb Feeds Financial Overview

Table 71      Kent Feeds Company Overview

Table 72      Kent Feeds Financial Overview

Table 73      Weston Milling Animal Nutrition Company Overview

Table 74      Weston Milling Animal Nutrition Financial Overview

Table 75      Nutreco NV Company Overview

Table 76      Nutreco NV Financial Overview