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Asia-Pacific Animal Feed Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Animal Feed Market By Type (Amino Acid, Minerals, Vitamins, Acidifiers, Mycotoxin Detoxifiers, Enzymes, Phosphate, Carotenoids, Antioxidants, Flavors & Sweeteners, Antibiotics, Non-Protein Nitrogen and Others), Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others), Form (Dry and Liquid), – Industry Trends and Forecast to 2029

Asia-Pacific Animal Feed Market

Market Analysis and Size

To meet the needs of changing population diet patterns, livestock production has increased in several countries around the world, particularly in developing markets. The livestock sector in the Asia-Pacific market, particularly in Asia-Pacific, is becoming increasingly industrial, despite the fact that a large number of farmers in countries such as India and China remain small and marginal.

Data Bridge Market Research analyses that the animal feed market which was growing at a value of 140744.14 million in 2021 and is expected to reach the value of USD 201689.74 million by 2029, at a CAGR of 4.6% during the forecast period of 2022 to 2029.  

Market Definition

Animal feed is a nutritious food with high levels of proteins, minerals, and vitamins that is given to livestock, farm, and aquatic animals. It is primarily consumed by domestic animals in the form of fodder, hay, silage, pelleted feeds, oilseeds, sprouted grains, and forage, among other things. Animal feed is an important component of animal rearing, and it varies depending on whether the animals are raised for meat, eggs, or milk.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Amino Acid, Minerals, Vitamins, Acidifiers, Mycotoxin Detoxifiers, Enzymes, Phosphate, Carotenoids, Antioxidants, Flavors & Sweeteners, Antibiotics, Non-Protein Nitrogen and Others), Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others), Form (Dry and Liquid)

Countries Covered

China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Philippines, Malaysia and Rest of Asia-Pacific

Market Players Covered

CHR. Hansen Holdings A/S (Denmark), Lallemand Inc. (Canada), Novus International (U.S), DSM (Netherlands), BASF SE (Germany), Alltech (US), ADM (U.S), Charoen Popkphand Foods PCL (Thailand), Associated British Foods Plc (U.K), Cargill Incorporated (U.S), Purina Animal Nutrition LLC (US), Zinpro Corp (US), Dallas Keith (UK), Balchem Inc., (US), Kemin Industries, Inc. (US)

Opportunities

  • Shifts in diet patterns
  • Rising demand for animal based protein
  • Rising geriatric population and rising income levels

Animal Feed Market Dynamics

Drivers

  • Growing focus on the animal health

Increased focus on animal health will also drive market expansion. Increased cattle farming will almost certainly increase demand for animal feed. The growing demand for animal-based products by humans will drive up market demand. Natural growth supporters are expected to be active in the market as their momentum grows. Consumer awareness of the advantages of using feed additives to reduce disease has increased market demand.

  • Increase in the demand for organic meat

Concerns about food safety have increased the demand for high-quality animal feed to ensure the safety of meat. Another factor driving the growth of the animal feed market is increasing farm owner awareness of the importance of maintaining a healthy animal diet. As a result, they are shifting from standard animal feed to functional and premium variants that help improve enzootic disease immunity while also minimising the risk of metabolic disorders, acidosis, injuries, and infections.

Furthermore, an increase in demand for organic meat from consumers in developed countries, as well as the adoption of new animal rearing practises and the upholding of high farming standards, has created a positive outlook for the industry.

Opportunity

Rising meat consumption in developing economies such as China, India, and Brazil is expected to drive Asia-Pacific demand. Australia is a major pork exporting country that is expected to drive product demand during the forecast period.

Restraints

During the forecast period, high raw material prices, as well as an increasing number of restrictions and regulatory bans, will act as market restraints for animal feed growth. Product awareness will be a restraint on the growth of the animal feed market during the forecast period.

This animal feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the animal feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Animal Feed Market

During the COVID-19 situation, agriculture and food production have been identified as critical sectors in Asia-Pacific. As a result, farmers have continued to provide high-quality nutrition to farm animals in order to feed an increasing number of Asia-Pacific consumers. However, supply chain disruption has become the most significant factor affecting the animal feed market. China is a major producer and exporter of animal feed, and it stockpiled enough product for 2-3 months' supply during the emergence of the COVID-19 situation while businesses were closed for the Lunar New Year. Additionally, logistics issues have hampered the supply of containers and vessels, as well as the transportation of certain micro-ingredients.

Recent Development

  •  In October 2021, Cargill and BASF announced a partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners' existing feed enzymes distribution agreements. This collaboration aided 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 specialising in the pig farming sector. With this acquisition, the company was able to double its production capacity and increase its regional presence by 400k.

Asia-Pacific Animal Feed Market Scope

The animal feed market is segmented on the basis of type, livestock and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Amino acid
  • Minerals
  • Vitamins
  • Acidifiers
  • Mycotoxin detoxifiers
  • Enzymes
  • Phosphate
  • Carotenoids
  • Antioxidants
  • Flavors & sweeteners
  • Antibiotics
  • Non-protein nitrogen
  • Others

Based on type, the market is segmented into amino acids, minerals, vitamins, acidifiers, mycotoxin detoxifiers, enzymes, phosphate, carotenoids, antioxidants, flavors & sweeteners, antibiotics, non-protein nitrogen and others.

Livestock

  • Swine
  • Poultry
  • Ruminants
  • Aquatic animals
  • Others

Based on livestock, the market is segmented into swine, poultry, ruminants, aquatic animals and others.

Form

  • Dry
  • Liquid

Based on form, the market is segmented into dry and liquid. 

Animal Feed Market Regional Analysis/Insights

The animal feed market is analysed and market size insights and trends are provided by country, type, livestock and form as referenced above.

The countries covered in the animal feed market report are China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Philippines, Malaysia and Rest of Asia-Pacific.

Asia accounts for roughly half of Asia-Pacific output and is the most important market for pork consumption and production. Due to the high consumption of pork meat, the Asia-Pacific region is the largest market for animal feed products. Southeast Asia is the world's largest producer and exporter of pork. China is the most important market for pork producers, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Pork consumption markets in Japan, South Korea, and Taiwan are saturated, whereas Vietnam and the Philippines are emerging.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Animal Feed Market Share Analysis

The animal feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to animal feed market.

Some of the major players operating in the animal feed market are:

  • CHR. Hansen Holdings A/S (Denmark)
  • Lallemand Inc. (Canada)
  • Novus International (U.S)
  • DSM (Netherlands)
  • BASF SE (Germany)
  • Alltech (US)
  • ADM (U.S)
  • Charoen Popkphand Foods PCL (Thailand)
  • Associated British Foods Plc (U.K)
  • Cargill Incorporated (U.S)
  • Purina Animal Nutrition LLC (US)
  • Zinpro Corp (US)
  • Dallas Keith (UK)
  • Balchem Inc., (US)
  • Kemin Industries, Inc. (US)


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Frequently Asked Questions

This animal feed market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
The major players covered in the report are Cargill, Incorporated, BASF SE, DuPont, Archer Daniels Midland Company, Evonik Industries AG, Solvay, Kemin Industries, Inc., Alltech, DSM, Nutreco (A subsidiary of SHV Holdings N.V.), Tyson Foods, Inc., AJINOMOTO CO.,INC., George Weston Foods Limited, AMBOS Stockfeeds, AUSTRALIAN PREMIUM FEEDS, Chr. Hansen Holding A/S, INVIVO, Charoen Pokphand Group, New Hope Group, Guangdong Haid Group Co., Ltd. among other players in Asia-Pacific.
The Asia-Pacific Animal Feed Market is to grow at a CAGR of 4.6% during the forecast by 2029.
The Asia-Pacific Animal Feed Market value is expected USD 201689.74 million by 2029.