Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Form (Pellets, Crumbles, Mash, Others), By Species (Poultry, Ruminants, Aqua, Swine, Others), By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Vitamins, Minerals, Others) And Competitive Landscape
Product Code: ETC056898 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Animal Feed Market report thoroughly covers the market by countries, by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific Animal Feed Market has been witnessing a rapid rise owing to the increasing demand for meat products and high-quality animal protein. With a population of over 4.5 billion people, the demand for meat and dairy products has only been on a consistent rise, and this has subsequently spurred the Asia Pacific Animal Feed Market Share. The competition in the market is also steep, and it can be challenging for businesses to navigate through the market complexities. Agriculture has been the backbone of Asia Pacific’s economy since ages. The region’s animal feed sector has been experiencing a remarkable growth attributed to the burgeoning demand for animal feed products driven by the rise in livestock population, increased meat and dairy consumption, and the need to enhance livestock productivity.
According to 6Wresearch, the Asia Pacific Animal Feed Market Size is projected to grow at a CAGR of 4.8% during the forecast period of 2024-2030. The Asia Pacific animal feed market is driven by increasing demand for meat and dairy products, growing population and urbanization, and rapid industrialization of animal husbandry. Despite the market’s growth opportunities, it is still faced with a variety of challenges that impede its potential growth. For instance, the Asia Pacific animal feed market is heavily dependent on raw materials such as corn, soybean, wheat, and barley. Factors such as weather conditions, political malfunctions, and currency fluctuations affect the prices of these raw materials, thereby affecting the manufacturing of animal feeds. Moreover, the Asia Pacific animal feed market is governed by stringent regulations concerning feed quality and safety, labeling requirements, and other guidelines that enhance traceability, transparency, and consumer protection. Complying with these regulations can be challenging and can impact the feasibility of new entrants. The Asia Pacific animal feed market is evolving, characterizing new trends that underscore the changing dynamics in the sector. The outlook for the Asia Pacific animal feed market is promising. The sector is expected to be driven by the growth in livestock population, urbanization, rising meat consumption, and the adoption of new feed technologies.
As one of the world's largest markets for agricultural products, the Asia Pacific region plays a significant role in the global animal feed industry. Governments in the region recognize the importance of sustaining the industry's growth and have introduced policies and schemes to help farmers, agribusinesses, and other stakeholders. The government in the Asia Pacific region have introduced policies and schemes to boost the Asia Pacific Animal Feed Market Growth. For instance, the Indian government created a National Livestock Mission to help enhance livestock productivity, capacity building, and disease control.
China's Ministry of Agriculture and Rural Affairs launched a scheme to encourage the use of compound feed for pig farming to improve the quality of pork products in the domestic market. The introduction of government policies and schemes in the Asia Pacific animal feed market has several benefits. It helps to improve the productivity and efficiency of animal farming, reduce dependency on imports, ensure the quality and safety of animal feed products, and promote sustainable development. The policies and schemes also create opportunities for investors, entrepreneurs, and other stakeholders to invest in the industry and contribute to the region's economic growth.
The Asia Pacific animal feed industry is highly competitive with many players operating in the region. Some of the leading companies include Cargill Inc., ADM Animal Nutrition, Charoen Pokphand Group, and New Hope Group. Cargill Inc. is a US-based company that operates animal feed production facilities across the Asia Pacific. ADM Animal Nutrition is a subsidiary of Archer Daniels Midland Company that supplies animal feeds, premixes, additives, and specialty ingredients to customers in the region. Charoen Pokphand Group is a Thailand-based conglomerate that has businesses in animal feeds, livestock, and aquaculture production.
According to Mayank, Senior Research Analyst, 6Wresearch, Probiotics are increasingly recognized for their role in promoting digestive health and enhancing overall animal performance. Growing awareness of the importance of gut health in livestock has proliferated the demand for probiotic additives in animal feed formulations.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Animal Feed Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Animal Feed Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Animal Feed Market - Industry Life Cycle |
3.4 Asia Pacific Animal Feed Market - Porter's Five Forces |
3.5 Asia Pacific Animal Feed Market Revenues & Volume Share, By Countries, 2023 & 2030F |
3.6 Asia Pacific Animal Feed Market Revenues & Volume Share, By Form, 2023 & 2030F |
3.7 Asia Pacific Animal Feed Market Revenues & Volume Share, By Species, 2023 & 2030F |
3.8 Asia Pacific Animal Feed Market Revenues & Volume Share, By Type, 2023 & 2030F |
4 Asia Pacific Animal Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Animal Feed Market Trends |
6 Asia Pacific Animal Feed Market, 2020 - 2030 |
6.1 Asia Pacific Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
6.2 Asia Pacific Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
6.3 Asia Pacific Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
7 China Animal Feed Market, 2020 - 2030 |
7.1 China Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
7.2 China Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
7.3 China Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
8 India Animal Feed Market, 2020 - 2030 |
8.1 India Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
8.2 India Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
8.3 India Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
9 Japan Animal Feed Market, 2020 - 2030 |
9.1 Japan Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
9.2 Japan Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
9.3 Japan Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
10 Australia Animal Feed Market, 2020 - 2030 |
10.1 Australia Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
10.2 Australia Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
10.3 Australia Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
11 Indonesia Animal Feed Market, 2020 - 2030 |
11.1 Indonesia Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
11.2 Indonesia Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
11.3 Indonesia Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
12 Philippines Animal Feed Market, 2020 - 2030 |
12.1 Philippines Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
12.2 Philippines Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
12.3 Philippines Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
13 Thailand Animal Feed Market, 2020 - 2030 |
13.1 Thailand Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
13.2 Thailand Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
13.3 Thailand Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
14 Malaysia Animal Feed Market, 2020 - 2030 |
14.1 Malaysia Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
14.2 Malaysia Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
14.3 Malaysia Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
15 Singapore Animal Feed Market, 2020 - 2030 |
16 Rest of Asia Animal Feed Market, 2020 - 2030 |
16.1 Rest of Asia Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
16.2 Rest of Asia Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
16.3 Rest of Asia Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
17 Asia Pacific Animal Feed Market Key Performance Indicators |
18 Asia Pacific Animal Feed Market - Opportunity Assessment |
18.1 Asia Pacific Animal Feed Market Opportunity Assessment, By Countries, 2023 & 2030F |
18.2 Asia Pacific Animal Feed Market Opportunity Assessment, By Form, 2023 & 2030F |
18.3 Asia Pacific Animal Feed Market Opportunity Assessment, By Species, 2023 & 2030F |
18.4 Asia Pacific Animal Feed Market Opportunity Assessment, By Type, 2023 & 2030F |
19 Asia Pacific Animal Feed Market - Competitive Landscape |
19.1 Asia Pacific Animal Feed Market Revenue Share, By Companies, 2023 |
19.2 Asia Pacific Animal Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |