South Korea Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder & Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), By Raw Materials (Soya, Corn, Others), And By Country - Forecasts From 2025 To 2030

The South Korea Animal Feed market is expected to grow at a CAGR of 2.07%, reaching a market size of US$7,653.615 million in 2030 from US$6,914.181 million in 2025.

Several factors are propelling the market for South Korean animal feed such as increased production and demand for animal-related meat products. For example, the demand for pork meat has increased from 28.8 kg/capita in 2022 to 29.9 kg/capita in 2024.

Further, key developments within the country propitiate the market growth. For instance, in March 2023, BASF and Cargill expanded their partnership, adding South Korea, the first Asian nation, to their existing feed enzymes development and distribution agreement. The companies are committed to bringing enzyme-based solutions to the market.

Moreover, in 2025, Korea's chicken production is projected to be around 945,000 MT. This is an increase of 1% from the previous year’s 935,000 MT, driven by an increase in broiler inventory throughout 2024 and steady growth in chicken demand. Chicken consumption will also rise by 0.9 per cent (10,000 MT) in 2025. These factors will propel the demand for the poultry in the country.

What are the South Korea Animal Feed Market drivers?

• Increasing demand for meat is contributing to the South Korean animal Feed market expansion.

One of the key factors pushing the market for animal feed in South Korea is the increased demand for meat. This is possibly due to demographic factors and shifting consumption patterns in the country.

According to the data provided by OECD countries, meat consumption in the country has increased subsequently in a few years. The per capita consumption of beef and veal in kilograms was 11.4 in 2021, increased to 12 in 2022, and reached 12.1 in 2023. This increased demand for meat propels the need for animal feed to ensure proper growth and nutrition.

An increase in research and development activities, followed by a rise in government initiatives, is also expected to drive South Korea Animal Feed market growth.

Governments may invest in research for alternative feed sources and their alternatives, reducing environmental impact while promoting animal welfare through improved living conditions. This could increase demand for high-quality, nutritious feed. Additionally, subsidies could be offered to support domestic South Korean animal Feed production, reducing import reliance and potentially lowering farmers' costs. Further, the growth of livestock production has subsequently assisted the rise in the demand for highly nutritious South Korean animal Feed items, which is anticipated to upgrade the South Korean animal Feed demand.

South Korea Animal Feed Market is analyzed into the following segments.

• By raw material, soy is anticipated to hold a substantial market share

The growing demand for high-protein animal feed, particularly in the ever-increasing livestock and poultry industries, is expanding the market. Soybean meal, a byproduct of processing soybeans, is valued for its high nutritional and protein content.

Moreover, growing populations and rising incomes, which also result in higher meat consumption, drive the demand for high-protein animal feed. Furthermore, the demand has increased as a result of South Korea's increased production of soy; for instance, 110.8K tons of soy was produced in 2021 which increased to 129.9K tons in 2022. 

Furthermore, the cattle and poultry industries significantly impact South Korea's demand for soybean meal. The meal is an important source of protein for pigs, poultry, and other livestock feedstock. Furthermore, South Korean soybeans are genetically modified organisms, or GMOs. Concerns from both domestic and international consumers, along with GMO regulations, are affecting the soybean meal market in South Korea. Additionally, seed innovation aims to give end users in larger soy markets favourable qualities for animal feed and soybean oil.

Moreover, Cargill manufactures various categories of animal feed products from soybean-related raw materials in one of the largest feed mills across the continents, located in Pyeongtaek, South Korea. This plant includes highlighting their contribution to high-quality nutrition for the livestock industry. It focuses on sustainability and innovative feed solutions to cater to the increase in animal protein demand within the country.

Key launches in the South Korea Animal Feed Market:

• In September 2024. Bovaer, which lowers methane emissions in beef cattle, was the first product approved in South Korea. This DSM-Firmenich product is a big milestone in South Korea's direction toward sustainable agriculture.
• In June 2024, leading Ukrainian pet food company Kormotech introduced its Club 4 Paws and Optimeal products in South Korea. In South Korea, these brands can be found in niche internet marketplaces.

South Korea Animal Feed Market Scope:

Report Metric	Details
South Korea Animal Feed Market Size in 2025	US$6,914.181 million
South Korea Animal Feed Market Size in 2030	US$7,653.615 million
Growth Rate	CAGR of 2.07%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Type Livestock Raw Materials
List of Major Companies in South Korea Animal Feed Market	Cargill Kemin Industries, Inc. BASF SE Archer Daniels Midland Company Royal DSM N.V.
Customization Scope	Free report customization with purchase

 

The South Korea Animal Feed market is segmented and analyzed as follows:

• By Type
  • Fodder & Forage
  • Compound Feed
• By Livestock
  • Pork
  • Aquatic animal
  • Cattle
  • Poultry
  • Others
• By Raw Materials
  • Soy
  • Corn
  • Rendered Meal
  • Others

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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 to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

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. SOUTH KOREA ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder & Forage

5.3. Compound Feed

6. SOUTH KOREA ANIMAL FEED MARKET BY LIVESTOCK

6.1. Introduction

6.2. Pork

6.3. Aquatic animal

6.4. Cattle

6.5. Poultry

6.6. Others

7. SOUTH KOREA ANIMAL FEED MARKET BY RAW MATERIAL

7.1. Introduction

7.2. Soy

7.3. Corn

7.4. Rendered Meal

7.5. Others 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Cargill

9.2. Kemin Industries, Inc.

9.3. BASF SE

9.4. Archer Daniels Midland Company

9.5. Royal DSM N.V.

9.6. Alltech

9.7. SUNJIN Co., Ltd.

9.8. CJ Feed&Care Corporation

9.9. Hanil Feed Co., Ltd

9.10. NongHyup Feed Inc.

9.11. Jeil Feed

9.12. Daesang Corporation

Cargill

Kemin Industries, Inc.

BASF SE

Archer Daniels Midland Company

Royal DSM N.V.

Alltech

SUNJIN Co., Ltd.

CJ Feed&Care Corporation

Hanil Feed Co., Ltd

NongHyup Feed Inc.

Jeil Feed

Daesang Corporation