Thailand Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder & Forage, Compound Feed), By Livestock (Aquatic Animals, Cattle, Poultry, Others), By Form (Dry, Liquid), By Production System (Integrated, Commercial Mills), By Source (Organic, Conventional), By Raw Material (Cereals & Grains, Oilseeds, Pulses, Others), And By Province - Forecasts From 2024 To 2029

The Thailand animal feed market is projected to grow at a CAGR of 2.87% over the forecast period, from US$6.543 billion in 2024 to US$7.539 billion by 2029.

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

One of the major drivers for increasing market demand for animal feed in Thailand is the growing consumption of chicken and its products. The US Department of Agriculture, in its Foreign Agriculture Service report of 2022, stated that the consumption of poultry products in Thailand witnessed a significant increase. According to the report, the nation's total poultry meat production in 2021 was 32,20,000 million tons, which grew to 32,70,000 million tons in 2022. The new data reveals that the total poultry meat production in the nation reached 33,60,000 million tons in 2023.

THAILAND ANIMAL FEED MARKET DRIVERS:

• The growing consumption of meat & other products is expected to bolster the demand for the Thailand animal feed market expansion.

A rapidly growing population, increasing incomes, and expanding urbanization are fueling what is known as the demand-led "livestock revolution," or the production of animal feed globally. One of the main variables boosting the market growth during the projected period is the growing consumption of meat and other end products, such as milk and eggs, throughout the various regions. Due to more facilities producing meat and other products, there is a growing requirement for feed. This has also led to an increase in the production of meat in Thailand. 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.

Thailand Animal Feed Market Segment Analysis

• The cattle segment is expected to provide major expansion in the market.

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. For instance, compared to older Thais, younger consumers (under 30) eat beef more frequently, averaging 3.3 beef meals per week as opposed to 2.4 for older consumers.

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 animal products like mutton or goat meat, among others. At the same time, it has resulted in an increment in 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.

• The cereal and grains segment is predicted to contribute significantly to market growth.

With the growth of poultry production along with domestic consumption, the market for cereals and grains is anticipated to witness an upward trend in the coming years. In addition to this, favorable steps by the Thai government will boost the market during the forecast period. For instance, in 2022, the government announced an ease of regulations for grain imports, such as corn and wheat, among others, amid the animal feed shortage in the country.

The country's increased livestock is expected to propel animal feed demand across major feed mills, with increased usage of cereals and grains in feed preparation. For instance, as per the Thai Feed Mill Association, the production of broilers and layers has increased. Broiler production accounts for around 1780 million birds, and layers account for nearly 67 million birds. Additionally, the feed consumption demand reached up to 20 million metric tons in 2023, higher than the previous year.

Furthermore, the adoption of sustainability measures by key players will emerge as a notable innovative trend in the country. For instance, the CP group in Thailand developed a corn feed traceability system in 2023 that tracks grain from plantation location to feed mill to ensure sustainable operations.

Thailand Animal Feed Market Scope:

 

Report Metric	Details
Market Size Value in 2024	US$6.543 billion
Market Size Value in 2029	US$7.539 billion
Growth Rate	CAGR of 2.87% 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 Form Production System Source Raw Material Province
Companies Covered	East Hope Group Cargill Kemin Industries Inc. Novus International BASF SE
Regions Covered	Bangkok, Songkhla, Prachinburi, Others
Customization Scope	Free report customization with purchase

 

Market Segmentation:

Thailand's Animal Feed Market is segmented and analyzed as below:

• By Type
  • Fodder & Forage
  • Compound Feed
• By Livestock
  • Aquatic animals
  • Cattle
  • Poultry
  • Others
• By Form
  • Dry
  • Liquid
• By Production System
  • Integrated
  • Commercial Mills
• By Source
  • Organic
  • Conventional
• By Raw Material
  • Cereals & Grains
    • Wheat
    • Maize
    • Barley
  • Oilseeds
    • Soybean
    • Rapeseed
    • Others
  • Pulses
  • Others
• By Province
  • Bangkok
  • Songkhla
  • Prachinburi
  • 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. THAILAND ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder & Forage

5.3. Compound Feed

6. THAILAND ANIMAL FEED MARKET BY LIVESTOCK

6.1. Introduction

6.2. Aquatic animals

6.3. Cattle

6.4. Poultry

6.5. Others

7. THAILAND ANIMAL FEED MARKET BY FORM 

7.1. Introduction

7.2. Liquid

7.3. Dry

8. THAILAND ANIMAL FEED MARKET BY PRODUCTION SYSTEMS 

8.1. Introduction

8.2. Integrated

8.3. Commercial Mills

9. THAILAND ANIMAL FEED MARKET BY SOURCE

9.1. Introduction

9.2. Organic

9.3. Conventional

10. THAILAND ANIMAL FEED MARKET BY RAW MATERIALS

10.1. Introduction

10.2. Cereals & Grains

10.2.1. Wheat

10.2.2. Maize

10.2.3. Barley

10.3. Oilseeds

10.3.1. Soybean

10.3.2. Rapeseed

10.3.3. Others

10.4. Pulses

10.5. Others

11. THAILAND ANIMAL FEED MARKET BY PROVINCE

11.1. Introduction 

11.2. Bangkok

11.3. Songkhla

11.4. Prachinburi

11.5. Others

12. COMPETITIVE ENVIRONMENT AND ANALYSIS

12.1. Major Players and Strategy Analysis

12.2. Emerging Players and Markey Lucrativeness

12.3. Mergers, Acquisitions, Agreements, and Collaborations

12.4. Competitive Dashboard

13. COMPANY PROFILES

13.1. East Hope Group

13.2. Cargill

13.3. Kemin Industries Inc.

13.4. Novus International

13.5. BASF SE

13.6. Novozymes

13.7. Simplot Company

13.8. Archer Daniels Midland Company

13.9. Royal DSM N.V

13.10. Charoen Pokphand Foods PCL

13.11. Verde Tech

13.12. Lee Pattana Product Public Company Ltd.

13.13. Betagro Public Company Ltd.

East Hope Group

Cargill

Kemin Industries Inc.

Novus International

BASF SE

Novozymes

Simplot Company

Archer Daniels Midland Company

Royal DSM N.V

Charoen Pokphand Foods PCL

Verde Tech

Lee Pattana Product Public Company Ltd.

Betagro Public Company Ltd.