Australia Animal Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Swine, Aquatic Animals, Cattle, Poultry, Others), By Production Systems (Integrated, Commercial Mills), By Source (Organic, Conventional), By Form (Liquid, Dry), And By Raw Materials (Soya, Corn, Rendered Meal, Others), And By Territory - Forecasts From 2023 To 2028

The Australia animal feed market was estimated at US$4.761 billion in 2021 and is expected to grow at a CAGR of 3.06% to reach a market size of US$5.878 billion by 2028.

Animal feed plays an important character in worldwide food production since it enables the economic production of animal additives. Animal feed is the most important source of nutrition intake by animals that ensures improved immunity, accelerating growth and good health. Furthermore, with an increasing initiative for the production of sustainable protein animal feed acts as a high-value protein source for both livestock and fish. The livestock and the animal feed market are harmonious with each other in growth. The prime factor which is expected to drive the growth of animal feed during the forecast period is the surging consumption of meat products for greater protein intake which has resulted in higher demand for nutritious feed aiming at better health for the animals. Lucrative growth in livestock industrialization also plays an important role in growth in the industry. Furthermore, increased awareness regarding the importance of nutrition intake and animal health accompanied by the availability of goods has encouraged farmers and slaughterhouses to inculcate superior animal feed in their livestock diet.

Growth Factors

Growing meat consumption has significantly increased demand for healthy livestock which in turn drives the market for animal feed

The rise in the production and demand of meat and aquaculture is one of the prime drivers of the animal feed market in Australia. Beef production in Australia in 2021 is forecasted to reach 2.075 metric tons (MT) carcass weight equivalent (CWE), down 2 per cent from 2020. (Source: USDA). The rise in poultry consumption is ensuring downstream demand and is boosting industry revenue. Simultaneously, the rise in the population and disposable income over the past few years is leading to a significant rise in the consumption of meat in the country. In addition, the growing number of slaughterhouse and the cheaper price of poultry in retail outlets and rising awareness regarding the benefits of meat and milk products is further augmenting the growth of meat as more consumers are shifting their preference to meat. Consumers are getting more health conscious and are demanding protein-rich healthy food which is leading to the increase in the demand for meat, thus benefitting the animal feed industry.

The Australian government is also investing in the agriculture sector which is expected to drive the growth of the market.

The government is focusing on improving the productivity and efficiency of the cattle industry, which will increase the demand for high-quality cattle feed. The Australian government has also invested in various initiatives to support the cattle industry, such as the Cattle Industry Structural Adjustment Program (CISAP), which provides funding for farmers to improve their productivity and efficiency. The market is also supported by several product offerings by key companies in the Australian cattle feed market. For instance, Ridley Corporation Limited, an Australian supplier of animal nutrition solutions offers around 10 different cattle feed products for dairy and beef cattle.

The Australia animal feed market is segmented into swine, aquatic animals, cattle, poultry and others, based on livestock. The Australian aquatic animal feed market is relatively small compared to other segments, but it is growing due to the increasing demand for seafood. The aquatic animal's feed includes fish, shrimp, and other aquatic species. The Australian government is also investing in aquaculture, which is expected to drive the demand for aquatic animal feed. Cattle feed is one of the largest segments of the Australia animal feed market. The demand for beef is high, both domestically and for export. The cattle feed market is expected to grow due to the increasing population and income levels, which are driving the demand for meat products. The Australian poultry feed market is also growing due to the increasing demand for poultry products. The demand for chicken meat and eggs is high, and the trend is expected to continue. The government is also encouraging the production of poultry, which is expected to drive the demand for poultry feed.

Segmentation:

• By Type
  • Fodder & Forage
  • Compound Feed
• By Livestock
  • Swine
  • Aquatic Animals
  • Cattle
  • Poultry
  • Others
• By Form
  • Liquid
  • Dry
• By Production Systems
  • Integrated
  • Commercial Mills
• By Source
  • Organic
  • Conventional
•  By Raw Materials
  • Corn
  • Soy
  • Others
• By Territory
  • NSW
  • Victoria
  • Queensland
  • Tasmania
  • 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

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters 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

5. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Fodder

5.3. Forage

5.4. Compound Feed

6. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY LIVESTOCK

6.1. Introduction

6.2. Swine

6.3. Aquatic Animals

6.4. Cattle

6.5. Poultry

6.6. Others

7. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY FORM

7.1. Introduction

7.2. Liquid

7.3. Dry 

8. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY PRODUCTION SYSTEMS

8.1. Introduction

8.2. Integrated

8.3. Commercial Mills

9. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY SOURCE

9.1. Introduction

9.2. Organic

9.3. Conventional

10. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY RAW MATERIALS

10.1. Introduction

10.2. Corn

10.3. Soy

10.4.  Others

11. AUSTRALIA ANIMAL FEED MARKET ANALYSIS, BY TERRITORY

11.1. Introduction

11.2. NSW

11.3. Victoria

11.4. Queensland

11.5. Tasmania

11.6. Others

12. COMPETITIVE ENVIRONMENT AND ANALYSIS

12.1. Major Players and Strategy Analysis

12.2. Emerging Players and Market Lucrativeness

12.3. Mergers, Acquisitions, Agreements, and Collaborations

12.4. Vendor Competitiveness Matrix

13. COMPANY PROFILES 

13.1. Archer Daniels Midland Company

13.2. Cargill, Incorporated

13.3. Alltech

13.4. Kemin Industries, Inc.

13.5. Biomin (Australia) Pty Ltd

13.6. Customvac Australia

13.7. Elanco Australasia

13.8. Feedworks Pty Ltd

Archer Daniels Midland Company

Cargill, Incorporated

Alltech

Kemin Industries, Inc.

Biomin (Australia) Pty Ltd

Customvac Australia

Elanco Australasia

Feedworks Pty Ltd