Asia Pacific Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Swine, Aquatic Animals, Cattle, Poultry, Others), By Raw Materials (Soya, Canola, Rendered Meal, Others), By Production Systems (Integrated, Commercial Mills), By Distribution Channel (Direct Selling, Distributor), And By Country - Forecasts From 2024 To 2029

Asia Pacific animal feed market is estimated to reach US$233.974 billion in 2029 from an initial value of US$174.150 billion in 2024, at a CAGR of 6.08%.

Animal feed can be described as food products fed to livestock, such as cattle, pigs, aquatic animals, and chickens. Animal feed offers numerous benefits to livestock owners, as it increases the production of animal products, like dairy, eggs, and others, and also increases the fertility of the animals. These feeds also improve the livestock's growth and the quality of animal products.

The region consists of economies, namely China and India, which are among the major meat production nations globally. The economies are witnessing positive growth in demand for high-quality meat and animal protein, which is a major driving factor for the regional market's growth. Moreover, rapid population growth and improvement in living standards are also acting as additional market drivers. In addition, rising consumer health awareness is further expected to widen growth opportunities for vendors and manufacturers.

According to an FAO study, livestock production in the APAC region is expected to rise by 14% between 2021 and 2030. The development and growth of livestock production across the region will lead to significant demand for highly nutritious animal feed products. The rise in the industrial production of beef, pork, mutton, and poultry overgrazing and mixed farming is projected to boost the demand for high-grade animal feed products in the Asia Pacific. 

ASIA PACIFIC ANIMAL FEED MARKET DRIVERS:

• Growing focus on animal health and increased demand for organic meat will propel market growth.

Increased cattle farming is projected to drive demand for animal feed due to the burgeoning human demand for animal-based products. Natural growth supporters are thus forecasted to be active in the market as their momentum grows further. Consumer awareness regarding the benefits of feed additives to prevent harmful diseases has created a shift from standard animal feed to functional and premium variants. These additives help improve enzootic disease immunity while also reducing the risk of metabolic disorders, injuries, acidosis, and infections.

Furthermore, favorable initiatives and investments are undertaken by the governing authorities across various countries in the region to bolster animal farming, and the undertaking of new animal-rearing practices is anticipated to create a drive in the demand for animal feed. Increasing meat production in Southeast Asian countries such as Thailand is likely to be a favorable trend in the coming years. For instance, the estimated meat production increased from 4,799 tonnes in 2022 to 4,971 tonnes in 2023. Moreover, farmers feed their animals so that they provide high-quality products. The increased demand for meat and other products in supermarkets, stores, and fast food chains has also encouraged this development. For instance, with 1,225 new stores in 2022, Thailand has 21,548 stores nationwide. These include a variety of meat products and other confectioneries. Ready-to-consume foods form about 74% of the total products stocked in supermarkets, from where they can be bought.

Asia Pacific Animal Feed Market Segment Analysis

• Cattle segment to show substantial growth in the livestock segment

The robust growth in the cattle population is the main factor driving the market demand for cattle fields. Cattle's rising need for animal feed results from the dairy and beef industries' explosive demand, which is fostering the market's expansion. The nation's expanding cattle population is the main driver of the animal feed segment's demand. It is anticipated that a growing demand for beef will propel market expansion. Further, there is an increase in demand for animal products because individuals have better health practices and increased income levels. Hence, protein level consumption is currently on the rise, leading to more consumption levels of beef and other products made from animals like mutton or goat meat, among others. At the same time, it has resulted in an increase in the consumer demand for these products, leading to an upsurge in livestock farming. Creative ways of feeding these animals are applied to give them optimum nutrition and a good feed conversion rate.

• India is projected to show significant growth.

Country-wise, the Asia Pacific animal feed market is segmented into China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Thailand, Taiwan, and others. India is anticipated to constitute a significant share of the market owing to the growing livestock & poultry farming and booming demand for dairy-based products, driving the demand for high-quality animal feed to improve the overall product’s quality. According to the USDA’s “Grain and Annual Feed-2024” report, commercial feed caters to 75% poultry, 15% aquaculture, and 10% dairy in India. As per the same source, wheat & corn are one of the major feed ingredients in the Indian market. In 2023, India’s wheat feed & residual consumption stood at 6,750 thousand metric tons.

Asia Pacific Animal Feed Key Market Developments:

• In October 2023, De Heus India announced the setting up of a new state-of-the-art production plant at Vividha Industrial Park, Punjab, where the company would produce high-quality feed products. The plant is set to be operational by 2025 and will have a production capacity of 180 Kilometric Tons.
• In April 2023, CH4 Global Inc. launched “Methane Tamer™ Beef Feedlot,” a methane-reducing digestive aide feed formulation consisting of Asparagopsis seaweed. The product is ideal for ruminant animals and reduces methane formation in them.
• In April 2023, the CP group in Thailand developed a corn feed traceability system that tracks grain from plantation to feed mill to ensure sustainable operations.
• In October 2021, BASF and Cargill announced a collaborative partnership in the animal nutrition business, augmenting R&D capabilities with new markets to the partners' existing feed enzyme distribution agreements.

Asia Pacific Animal Feed Key Market Players:

• Cargill is one of the leading players in the animal feed market. The company offers major solutions, including cost-effective feed products and the best feed additives, to its customers. The company's strategy is focused on strategic partnerships for long-term growth, such as its move to accelerate swine feed production. Cargill came into partnership with the VPF group in 2024. This will enable the company to gain a competitive advantage with more innovative feed offerings.
• Kemin Industries, Inc. is a leading player in the Asia Pacific animal feed market. The company offers feed products to suit all kinds of requirements. It helps customers achieve optimal nutrition targets and gut health and provides supreme feed quality.
• New Hope Liuhe Co., Ltd. is a top company with over 200 modern fodder mills in domestic and overseas operations. It offers high-quality feed to its customers in different categories, such as meat ducks, broilers, swine, laying hens, and aquatic products.
• Archer-Daniels-Midland Company is a prominent company with over 120 years of rich experience dealing in animal feed products. The board portfolio provided by the company includes feed additives and other ingredients for adequate animal health.
• De Heus Beheer B.V. is a pioneer in animal feed nutrition products, such as compound feed and optimized feeds, that enhance the nutritional status of various animals. The feed variety comprises poultry, swine, and aquaculture, among others.
• Novozymes Animal Health & Nutrition collaborates with its partners to provide enzymatic and probiotic feed solutions that help the company achieve healthier animals and more efficient production. The company concentrated on developing, producing, and studying microorganisms, industrial enzymes, and biopharmaceutical ingredients.

Asia Pacific Animal Feed Market Scope:

Report Metric	Details
Market Size Value in 2024	US$174.150 billion
Market Size Value in 2029	US$233.974 billion
Growth Rate	CAGR of 6.08% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type Livestock Raw Materials Production System Distribution Channel Country
Companies Covered	Cargill, Incorporated Kemin Industries, Inc. New Hope Liuhe Co., Ltd., Archer-Daniels-Midland Company Weston Milling Animal Nutrition
Regions Covered	China, Japan, India, South Korea, Australia, Indonesia, Vietnam, Thailand, Taiwan, Others
Customization Scope	Free report customization with purchase

 

The Asia Pacific Animal Feed market is segmented and analyzed as follows:

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Livestock
  • Swine
  • Aquatic Animals
  • Cattle
  • Poultry
  • Others
• By Raw Materials
  • Soya
  • Canola
  • Rendered Meal
  • Others
• By Production System
  • Integrated
  • Commercial mills
• By Distribution Channel
  • Direct Selling
  • Distributor
• By Country
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Vietnam
  • Thailand
  • Taiwan
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. ASIA PACIFIC ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder

5.3. Forage

5.4. Compound Feed

6. ASIA PACIFIC ANIMAL FEED MARKET BY LIVESTOCK 

6.1. Introduction

6.2. Swine

6.3. Aquatic Animals

6.4. Cattle

6.5. Poultry

6.6. Others

7. ASIA PACIFIC ANIMAL FEED MARKET BY RAW MATERIALS

7.1. Introduction

7.2. Soya

7.3. Canola

7.4. Rendered Meal

7.5. Others

8. ASIA PACIFIC ANIMAL FEED MARKET BY PRODUCTION SYSTEM

8.1. Introduction

8.2. Integrated

8.3. Commercial mills

9. ASIA PACIFIC ANIMAL FEED MARKET BY DISTRIBUTION CHANNEL

9.1. Introduction

9.2. Direct Selling

9.3. Distributor

10. ASIA PACIFIC ANIMAL FEED MARKET BY COUNTRY

10.1. Introduction

10.2. China

10.3. Japan

10.4. India

10.5. South Korea

10.6. Australia

10.7. Indonesia

10.8. Vietnam

10.9. Thailand

10.10. Taiwan

10.11. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Cargill, Incorporated

12.2. Kemin Industries, Inc.

12.3. New Hope Liuhe Co., Ltd., 

12.4. Archer-Daniels-Midland Company

12.5. Weston Milling Animal Nutrition 

12.6. De Heus Beheer B.V.

12.7. Tyson Foods Inc.

12.8. Alltech Inc.

12.9. East Hope Group

12.10. Godrej Agrovet Limited

Cargill, Incorporated

Kemin Industries, Inc.

New Hope Liuhe Co., Ltd., 

Archer-Daniels-Midland Company

Weston Milling Animal Nutrition 

De Heus Beheer B.V.

Tyson Foods Inc.

Alltech Inc.

East Hope Group

Godrej Agrovet Limited