Indonesia Animal Feed Market (2024-2030) | Value, Trends, Outlook, Companies, Growth, Industry, Forecast, Share, Analysis, Revenue & Size

Topics Covered in the Indonesia Animal Feed Market

Indonesia Animal Feed Market report thoroughly covers the market 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.

Indonesia Animal Feed Market Synopsis

Indonesia Animal Feed Market remains one of the most dynamic and promising sectors, which plays a significant role in the development of the animal production niche. The Philippines has one of the largest animal husbandry industries in Southeast Asia, with a wide range of animal production and livestock farming activities.

According to 6Wresearch, the Indonesia Animal Feed Market Size is expected to grow at a CAGR of 4% during the forecast period of 2024-2030. Increase in the livestock population, the growth of the poultry and swine industries, and rising consumer demand for protein-rich food are the primary drivers of the market development. The Indonesia Animal Feed Market Growth has also been driven by an increase in urbanization, the growing middle class and changing consumer preferences, and the availability of foreign investment. The Indonesia animal feed market faces several challenges, including high production costs due to a lack of raw materials, low-quality feed and rampant counterfeit products. Indonesia relies heavily on imported corn and soy products, which account for over 75% of the raw materials for animal feed. Prices of these products are often volatile, causing fluctuations in the production costs, which ultimately affects the profitability of feed mills. The Indonesia animal feed market has witnessed significant trends in recent years, including an increasing shift towards the use of alternative protein sources in animal feed, such as insect meal and algae. The use of these alternative sources aims to reduce the reliance on imported soy and corn, and consequently, the production costs. Additionally, animal welfare, sustainability, and traceability have become critical factors impacting consumer preferences. The Indonesia animal feed market presents significant opportunities for stakeholders. As the country continues to witness economic growth, the demand for protein is expected to rise, consequently driving demand for animal feed. There is also a growing demand for organic and sustainable animal feed products, providing opportunities for companies to innovate and produce environmentally friendly products. Moreover, the government's push towards reducing the reliance on imports and encouraging self-sufficiency presents significant opportunities for the animal feed industry to explore alternative and local sourcing of raw materials.

Government policies and schemes introduced in the Indonesia Animal Feed Market

The government has taken various initiatives to support and promote the animal feed industry. One of the significant schemes introduced is the "Feedmill Sector Development Program" aimed at upgrading and modernizing the feed manufacturing processes of small and medium-sized businesses in the sector. The program provides financial assistance for the installation of new machinery, upgrading old equipment, and training to improve quality control and safety. Besides, the government has implemented a program to improve the quality of raw materials used in animal feed, which has led to a better supply of locally sourced corn and soybean meal. The government has set up several schemes to boost the Indonesia animal feed industry. One of the key schemes is the "Feed Quality Control Center" that provides quality testing and analysis services such as protein level, moisture content, and mycotoxin level. This program aims to enhance animal health and welfare by ensuring the quality and safety of livestock feed. Another noteworthy scheme is the "Animal Husbandry Development Program," which focuses on improving the productivity of livestock and supporting the development of high-quality feed.

Leading players in the Indonesia Animal Feed Market

There are several leading players making a significant contribution to the Indonesia Animal Feed Market. Some of the well-known companies such as PT. Charoen Pokphand Tbk, PT. Japfa Comfeed Indonesia Tbk, and PT. Malindo Feedmill Tbk have a strong market presence. PT. Charoen Pokphand Tbk is the largest producer of animal feed in Indonesia, followed by PT. Japfa Comfeed Indonesia Tbk, which has a broad range of feed products. On the other hand, PT Malindo Feedmill Tbk is the third-largest producer of animal feed and is known for its poultry and swine feed products.

Market analysis by Form

According to Dhaval, Research Manager, 6Wresearch, Pellets are expected to lead the Indonesia Animal Feed Market Share owing to their efficiency and cost-effectiveness, which are essential for the emerging poultry and aquaculture industries. With the government's focus on improving food security in the country, the demand for animal feed is expected to grow in the coming years. The animal feed industry is poised for growth, making it an attractive investment opportunity for manufacturers looking to expand their operations in Indonesia.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Indonesia Animal Feed Market Outlook
• Market Size of Indonesia Animal Feed Market, 2023
• Forecast of Indonesia Animal Feed Market, 2030
• Historical Data and Forecast of Indonesia Animal Feed Revenues & Volume for the Period 2020 - 2030
• Indonesia Animal Feed Market Trend Evolution
• Indonesia Animal Feed Market Drivers and Challenges
• Indonesia Animal Feed Price Trends
• Indonesia Animal Feed Porter's Five Forces
• Indonesia Animal Feed Industry Life Cycle
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Indonesia Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• Indonesia Animal Feed Top Companies Market Share
• Indonesia Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Animal Feed Company Profiles
• Indonesia Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others