Indonesia Poultry Feed Market Size, Share, Opportunities, And Trends By Raw Materials (Corn, Wheat, Others), By Type (Boilers, Layers, Others), And By Province - Forecasts From 2024 To 2029

The Indonesian poultry feed market is projected to grow at a CAGR of 7.87% over the forecast period, from US$5,741.213 million in 2024 to US$8,386.463 million by 2029.

The improvements in feed formulation technologies, growing sustainable farming methods, and animal welfare in Indonesia have emphasized how crucial creative feed solutions are. Moreover, government rules, which prioritize safety standards and encourage ethical production methods, and import of feed also aid in the development of the animal feed sector. For instance, Ministry of Agriculture (MOA) Regulation Number 13/2019 outlines new regulations regarding importing animal-based feed ingredients.

The growing middle class and expanding population in Indonesia are the main factors driving the market. Due to shifts in lifestyles, there has been a keen observable upward trend in meat consumption, which has been running concurrently with an expansion of the livestock sector, leading to increased production of corn and wheat in Indonesia. For instance, the installed capacity for corn mills is predicted to rise from 4,000 MT per day in 2021/22 to 4,500 MT per day in 2022/2023.

 INDONESIA POULTRY FEED MARKET DRIVERS:

• The rising demand for chicken meat is expected to propel the growth of Indonesia's poultry feed market.

The population's growing meat consumption is closely correlated with Indonesia's growing meat demand. The nation's total meat consumption is rising as more people look for meat products. Rising incomes, standards of living, and knowledge about the health advantages of eating meat have coincided with more people opting for meat compared to other food types like carbohydrate-rich foods, especially corn products. This leads to more people preferring meat agencies in a given environment over time. Chicken production mainly has driven this demand growth as shown by increased sales of chicken products such as eggs and macaroni in Indonesia thus poultry feed market expansion. For instance, poultry meat production increased from 50,830.76 tonnes in 2022 to 51,270.23 tonnes in 2023.

In Indonesia, the main causes of changing consumption patterns include a rapidly urbanizing country, adopting a busy lifestyle, and the increasing importance of mega supermarket chains and foreign food companies. This stimulates demand for more convenient products among others like TESCO and Carrefour outlets, etc. In this regard, even more people are opting out of home-cooked meals for packaged snacks like burgers or fried chicken from their neighboring fast-food restaurants, hence contributing to this trend of unhealthy eating habits. Moreover, higher incomes lead to more wealth, which means more animal feed can be imported into the country. for instance, between 2022 and 2023, Indonesia experienced a rise in GDP per capita from $4,787.9 in 2022 to $4,940.9 in 2023.

Indonesia Poultry Feed Market Segment Analysis

• Wheat segment is predicted to contribute at a significant pace to market growth

Wheat is one of the major poultry feed ingredients owing to its high protein, mineral, and gluten content, which improves chickens' overall gizzard functioning. Besides aquaculture, Indonesia has also invested in land animal farming, comprising goats, pigs, poultry, and buffalos, among others. Poultry accounts for a major portion of the country’s total feed production, owing to the high demand for chicken meat.

According to the USDA’s “Grain and Annual Feed” issued in April 2024, poultry accounts for 90% of Indonesian feed production. With the increase in Grand Parent Stock (GPS) import, the poultry population in Indonesia will witness positive growth, thereby simultaneously driving wheat consumption as a feed ingredient. The same USDA report stated that in 2022, the wheat consumption for feed stood at 1.1 MT (Million Tons), and in 2023, the consumption reached 1.6 MT, thereby signifying a 45.5% growth. Moreover, the forecasted consumption for 2024 is marked at 1.8 MT.

Additionally, the Indonesian agriculture ministry’s effort to bolster local corn production has hindered its overall productivity since corn seeds provided at subsidized rates have lower yields. Such futile efforts have further incentivized wheat usage in feed production thereby providing a major growth to its overall market demand and consumption.

Indonesia Poultry Feed Key Market Developments:

• May 2023- PT Japfa Comfeed Indonesia Tbk (JAPFA) launched Olagud, its newest brand, through its downstream company, JAPFA Food. Olagud provides a range of goods, from ready-to-eat probiotic chicken dishes to fresh probiotic chicken. It is well known that probiotic chicken has more protein and less fat than conventional chicken.

Indonesia Poultry Feed Key Market Players:

• Cargill- Cargill Indonesia provides producers, feed manufacturers, and retailers with a comprehensive range of animal nutrition and management solutions. Their brands provide goods and services that offer the best answers for the animals you raise, whether premixes, base mixes, additives, or complete feed.
• PT Charoen Pokphand- PT Charoen Pokphand Indonesia is the country's largest producer of poultry feed, day-old chicks, and processed chickens. Its primary activity is agro-business, namely producing feed for poultry.
• PT Japfa Comfeed - PT Japfa Comfeed Indonesia Tbk is an agri-food enterprise. The company has six operating segments: animal feed, poultry breeding, commercial farm, poultry processing and consumer products, aquaculture, trading, and others.

Indonesia Poultry Feed Market Scope:

Market Segmentation:

The Indonesia Poultry Feed Market is segmented and analyzed as below:

• By Raw Material
  • Corn
  • Wheat
  • Others
• By Type
  • Boilers
  • Layers
  • Others
• By Province
  • Sumatera Utara
  • Jawa Barat
  • Jawa Timur
  • 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. INDONESIA POULTRY FEED MARKET BY RAW MATERIAL 

5.1. Introduction

5.2. Corn

5.3. Wheat

5.4. Others

6. INDONESIA POULTRY FEED MARKET BY TYPE 

6.1. Introduction

6.2. Boilers

6.3. Layers

6.4. Others

7. INDONESIA POULTRY FEED MARKET BY PROVINCE 

7.1. Introduction

7.2. Sumatera Utara

7.3. Jawa Barat

7.4. Jawa Timur

7.5. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. East Hope Group

9.2. Kemin Industries, Inc.

9.3. Novus International, Inc. (Mitsui & Co., Ltd.)

9.4. PT Japfa Comfeed Indonesia

9.5. Cargill Indonesia

9.6. PT Malindo Feedmill Tbk

9.7. PT Charoen Pokphand Indonesia Tbk

9.8. Royal DSM N.V

9.9. Lautan Luas 

9.10. Orffa 

9.11. Roxell

East Hope Group

Kemin Industries, Inc.

Novus International, Inc. (Mitsui & Co., Ltd .)

PT Japfa Comfeed Indonesia

Cargill  Indonesia

PT Malindo Feedmill Tbk

PT Charoen Pokphand Indonesia Tbk

Royal DSM N.V

Lautan Luas 

Orffa 

Roxell