Thailand Animal Feed Market (2024-2030) | Industry, Forecast, Value, Growth, Trends, Share, Outlook, Companies, Analysis, Size & Revenue
Market Forecast By Form (Pellets, Crumbles, Mash, Others), By Species (Poultry, Ruminants, Aqua, Swine, Others), By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Vitamins, Minerals, Others), By Regions (Northern, North-Eastern, Central, Southern) And Competitive Landscape
| Product Code: ETC018465 | Publication Date: Nov 2023 | Updated Date: Jul 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 74 | No. of Figures: 24 | No. of Tables: 5 | |
Thailand Animal Feed Market Competition 2023
Thailand Animal Feed market currently, in 2023, has witnessed an HHI of 1148, Which has increased slightly as compared to the HHI of 839 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Thailand Export Potential Assessment For Animal Feed Market (Values in USD Thousand)
Topics Covered in Thailand Animal Feed Market Report
Thailand Animal Feed Market Report thoroughly covers the market by form, species, type and region. Thailand Animal Feed Market Outlook report provides an unbiased and detailed analysis of the ongoing Thailand Animal Feed Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
Thailand Animal Feed Market Synopsis
Thailand animal feed market has witnessed revenue growth, driven by the expansion of the livestock industry and agriculture sector, despite a slight decline in volume. For instance, in 2023, agricultural production was valued at $46.87 billion, with a market size of $21.5 billion and exports reaching $49.7 billion. This growth has been driven by the demand for key products such as tapioca, rubber, canned tuna, and pineapple in neighbouring countries. Additionally, there is a rising demand for animal feed in Thailand, along with an increasing population of live animals, which reached 58,849 in 2023. Moreover, the exports of meat have been significant. For example, Thailand is the leading exporter of prepared meats, with $3.12 billion in exports in 2023. Thailand also exported 1.6 million tonnes of seafood products in 2022, valued at $5.7 billion USD.
According to 6Wresearch, Thailand Animal Feed Market is projected to grow at a CAGR of 5.8% during 2024-2030. The animal feed market in Thailand is poised for significant growth in the years ahead, driven by increasing dairy and meat consumption. In 2022, raw milk production in Thailand reached 1.42 million tonnes. CP-Meiji, a leading milk producer, buys 580-600 tons of raw milk daily from 6,000 dairy farmers and aims to increase milk consumption from 22 liters per person per year to 25 liters by 2027, which will positively impact the animal feed market. Additionally, the Ministry of Agriculture and Cooperatives' 20-year strategy (2017–2036) promotes smart farming techniques for more efficient livestock farming, further boosting the market. Moreover, the increasing pet adoption in Thailand is significant, with the nation’s pet industry being the second largest in Asia, behind China. As a result, the animal feed market in Thailand is anticipated to witness substantial growth during the forecast period.
Market Segmentation by Form
Pellets are expected to dominate the Thailand animal feed industry, primarily driven by their superior feed conversion efficiency. Additionally, they have a longer shelf life and greater stability. The pelleting process kills pathogens and reduces moisture, preventing mold growth and extending usability.
Market Segmentation by Species
In 2023, poultry held the highest revenue share due to the high demand for poultry meat, especially chicken, a staple in Thai diets with significant domestic and international consumption. Thailand, a leading poultry exporter, has a well-developed poultry industry supported by stringent quality standards and efficient practices and substantial market investments contribute to the dominant revenue share of poultry feed.
Market Segmentation by Type
Concentrate animal feed is anticipated to lead the market due to its high nutrient content, including proteins, vitamins, and minerals. It offers significant energy and protein, promoting livestock growth, milk production, and overall health.
Market Segmentation by Regions
The Central and North-eastern regions are projected to dominate the animal feed market due to their high concentration of commercial livestock farms. These regions benefit from advanced infrastructure and logistics networks, which ensure efficient feed distribution and accessibility.
Key Attractiveness of the Report
- 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
- Thailand Animal Feed Market Overview
- Thailand Animal Feed Market Outlook
- Thailand Animal Feed Market Forecast
- Thailand Animal Feed Market Porter’s Five forces Analysis
- Thailand Animal Feed Market Industry Life Cycle Analysis
- Historical Data and Forecast of Thailand Animal Feed Market Revenues, for the Period 2020-2030F
- Market Drivers and Restraints
- Historical Data and Forecast of Thailand Animal Feed Market Revenues, By Type, for the Period 2020-2030F
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volumes, By Form, for the Period 2020-2030F
- Historical Data and Forecast of Thailand Animal Feed Market Revenues, By Spices, for the Period 2020-2030F
- Historical Data and Forecast of Thailand Animal Feed Market Revenues, By Region, for the Period 2020-2030F
- Import-Export Analysis
- Key Performance Indicators
- Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Form
- Pellets
- Crumbles
- Mash
- Others
By Species
- Poultry
- Ruminants
- Aqua
- Others
By Type
- Roughages
- Concentrates
By Regions
- Northern
- North-Eastern
- Central
- Southern
Thailand Animal Feed Market (2024-2030): FAQs
Thailand Animal Feed Market is projected to grow at a CAGR of 5.8% during 2024-2030.
Thailand animal feed market has witnessed revenue growth, driven by the expansion of the livestock industry and agriculture sector.
Pellets are expected to dominate the Thailand animal feed industry, primarily driven by their superior feed conversion efficiency.
Segments which this market report covers are by form, species, type and region.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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| 1 Executive Summary |
| 2 Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of the Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Thailand Animal Feed Market Overview |
| 3.1. Thailand Animal Feed Market Revenues & Volume, 2020-2030F |
| 3.2. Thailand Animal Feed Market - Industry Life Cycle |
| 3.3. Thailand Animal Feed Market - Porter’s Five Forces |
| 4 Thailand Animal Feed Market Dynamics |
| 4.1. Impact Analysis |
| 4.2. Market Drivers |
| 4.3. Market Restraints |
| 5 Thailand Animal Feed Market Trends & Evolution |
| 6 Thailand Animal Feed Market Overview, By Form |
| 6.1 Thailand Animal Feed Market Revenue Share and Revenues, By Form, 2020-2030F |
| 6.1.1 Thailand Animal Feed Market Revenues, By Pellets, 2020-2030F |
| 6.1.2 Thailand Animal Feed Market Revenues, By Crumbles, 2020-2030F |
| 6.1.3 Thailand Animal Feed Market Revenues, By Mash, 2020-2030F |
| 6.1.4 Thailand Animal Feed Market Revenues, By Others, 2020-2030F |
| 6.2 Thailand Animal Feed Market Volume Share and Volume, By Form, 2020-2030F |
| 6.2.1 Thailand Animal Feed Market Volume, By Pellets, 2020-2030F |
| 6.2.2 Thailand Animal Feed Market Volume, By Crumbles, 2020-2030F |
| 6.2.3 Thailand Animal Feed Market Volume, By Mash, 2020-2030F |
| 6.2.4 Thailand Animal Feed Market Volume, By Others, 2020-2030F |
| 7 Thailand Animal Feed Market Overview, By Species |
| 7.1 Thailand Animal Feed Market Revenue Share and Revenues, By Species, 2020-2030F |
| 7.1.1 Thailand Animal Feed Market Revenues, By Poultry, 2020-2030F |
| 7.1.2 Thailand Animal Feed Market Revenues, By Ruminants, 2020-2030F |
| 7.1.3 Thailand Animal Feed Market Revenues, By Aqua, 2020-2030F |
| 7.1.4 Thailand Animal Feed Market Revenues, By Others, 2020-2030F |
| 8 Thailand Animal Feed Market Overview, By Type |
| 8.1 Thailand Animal Feed Market Revenue Share and Revenues, By Type, 2020-2030F |
| 8.1.1 Thailand Animal Feed Market Revenues, By Roughages, 2020-2030F |
| 8.1.2 Thailand Animal Feed Market Revenues, By Concentrates, 2020-2030F |
| 9 Thailand Animal Feed Market Overview, By Regions |
| 9.1 Thailand Animal Feed Market Revenue Share and Revenues, By Regions, 2020-2030F |
| 9.1.1 Thailand Animal Feed Market Revenues, By Northern, 2020-2030F |
| 9.1.2 Thailand Animal Feed Market Revenues, By North-Eastern, 2020-2030F |
| 9.1.3 Thailand Animal Feed Market Revenues, By Central, 2020-2030F |
| 9.1.4 Thailand Animal Feed Market Revenues, By Southern, 2020-2030F |
| 10 Thailand Animal Feed Market – Import-Export Analysis |
| 10.1 Thailand Animal Feed Market Imports from Major Countries |
| 10.2 Thailand Animal Feed Market Exports to Major Countries |
| 11 Thailand Animal Feed Market - Key Performance Indicators |
| 12 Thailand Animal Feed Market - Opportunity Assessment |
| 12.1. Thailand Animal Feed Market Opportunity Assessment, By Form, 2030F |
| 12.2. Thailand Animal Feed Market Opportunity Assessment, By Species, 2030F |
| 12.3. Thailand Animal Feed Market Opportunity Assessment, By Type, 2030F |
| 12.4. Thailand Animal Feed Market Opportunity Assessment, By Regions, 2030F |
| 13 Thailand Animal Feed Market Competitive Landscape |
| 13.1 Thailand Animal Feed Market Revenue Ranking, By Companies, 2023 |
| 13.2 Thailand Animal Feed Market Competitive Benchmarking, By Technical Parameters / Operating Parameters |
| 14 Company Profiles |
| 14.1 Charoen Pokphand Foods (CPF) |
| 14.2 Cargill Incorporated |
| 14.3 Alltech Incorporated |
| 14.4 Betagro Public Co. Ltd. |
| 14.5 SPM Feed Mill Co. Ltd. |
| 14.6 Sun Feed Co. Ltd. |
| 14.7 Thai Luxe Enterprise PCL |
| 14.8 The Union Feed Co. Ltd. Public Co. Ltd. |
| 14.9 Laemthong Corporation Feed Co. Ltd. |
| 14.10 Inteqc Feed Co. Ltd. |
| 15 Key Strategic Recommendations |
| 16 Disclaimer |
| List of Figures |
| 1. Thailand Animal Feed Market Revenues and Volume, 2020-2030F (USD Million, Thousand Tons) |
| 2. Thailand Live Animals (In Thousand), 2019-2023 |
| 3. Thailand Pet Market Segmentation, 2019 |
| 4. Thailand, Total Milk Consumed Per Person Per Year (In Liters), 2019-2027E |
| 5. Thailand, Total Dairy Cattle (In Thousands) And Milk Produced (In Thousand Tons/Year), 2019-2021 |
| 6. Thailand Animal Feed Market Revenue Share, By Form, 2023 & 2030F |
| 7. Thailand Animal Feed Market Volume Share, By Form, 2023 & 2030F |
| 8. Thailand Animal Feed Market Revenue Share, By Species, 2023 & 2030F |
| 9. Thailand Animal Feed Market Revenue Share, By Type, 2023 & 2030F |
| 10. Thailand Animal Feed Market Revenue Share, By Regions, 2023 & 2030F |
| 11. Thailand Share of Top 3 Import Partners for HS Code 2309, 2023 |
| 12. Market Import Data, By Country for HS Code, 2023 (in $ Million) |
| 13. Thailand Share of Top 3 Export Partners for HS Code 2309, 2023 |
| 14. Market Export Data, By Country for HS Code ,2023 (in $ Million) |
| 15. Thailand Agriculture Market Size and Local Production (Billion USD), 2020-2023 |
| 16. Thailand's Total Exports and Imports (Billion USD), 2020-2023 |
| 17. Thailand Eggs, Dairy Products Consumption (In MT) And Live Animals (‘00), 2019-2023 |
| 18. Thailand Total Meat Products and consumable meat products (in MT),2019-2023 |
| 19. Thailand Animal Feed Market Opportunity Assessment, By Form, 2030F ($ Million) |
| 20. Thailand Animal Feed Market Opportunity Assessment, By Species, 2030F ($ Million) |
| 21. Thailand Animal Feed Market Opportunity Assessment, By Type, 2030F ($ Million) |
| 22. Thailand Animal Feed Market Opportunity Assessment, By Region, 2030F ($ Million) |
| 23. Thailand Animal Feed Market Revenue Share, By Companies, 2023 |
| 24. Animal Farms location in Thailand |
| List of Tables |
| 1. Thailand Alternative Feed Source |
| 2. Thailand Animal Feed Market Revenues, By Form, 2020-2030F ($ Million) |
| 3. Thailand Animal Feed Market Volumes, By Form, 2020-2030F (Thousand Tons) |
| 4. Thailand Animal Feed Market Revenues, By Species, 2020-2030F ($ Million) |
| 5. Thailand Animal Feed Market Revenues, By Type, 2020-2030F ($ Million) |
| 6. Thailand Animal Feed Market Revenues, By Regions, 2020-2030F ($ Million) |
Market Forecast 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: ETC018465 | Publication Date: Oct 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Thailand Animal Feed Market is projected to grow over the coming year. Thailand Animal Feed Market report is a part of our periodical regional publication Asia Pacific Animal Feed Market outlook report. 6W tracks Animal Feed market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Animal Feed Market outlook report annually.
Thailand Animal Feed Market report thoroughly covers market by Form, species and type. The market report provides an unbiased and detailed analysis of the on-going 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.
Thailand Animal Feed Market Synopsis
Thailand Animal Feed Market is anticipated to gain momentum during the forthcoming period on account of increasing disposable income. The rising standard of living is driving the demand for high quality animal product further leading to the growth of the market. Moreover, the growing consumption of meat and animal based products triggers the potential growth of the Animal Feed Market in Thailand. Increasing number of super markets, restaurant and multiplex are boosting the demand for meat further propelling the growth of animal feed market in Thailand.
According to 6Wresearch, Thailand Animal Feed Market size is projected to register growth during 2020-2026. The growing awareness among consumer regarding the health benefits of consumption of sea food is fueling the growth of the market. The rising disease among animals due to the consumption of stale food is shifting the market towards animal food. However, the suffered a setback due to the COVID-19 restriction on movement of farmers. The restricted movement led to the late arrival of raw material further led to the negative growth of the market. The nationwide lockdown led to the disruption in supply further hampering the development of the animal feed market.
Market Analysis by Species
On the basis of species, Poultry segment is anticipated to dominate the market during the upcoming period on account of the increasing popularity of chicken among Thai consumers.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Thailand Animal Feed Market Outlook
- Market Size of Thailand Animal Feed Market, 2019
- Forecast of Thailand Animal Feed Market, 2026
- Historical Data and Forecast of Thailand Animal Feed Revenues & Volume for the Period 2016 - 2026
- Thailand Animal Feed Market Trend Evolution
- Thailand Animal Feed Market Drivers and Challenges
- Thailand Animal Feed Price Trends
- Thailand Animal Feed Porter's Five Forces
- Thailand Animal Feed Industry Life Cycle
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Form for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Pellets for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Crumbles for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Mash for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Species for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Poultry for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Ruminants for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Aqua for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Swine for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Type for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Acidifiers for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Probiotics for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Enzyme for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Antioxidants for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Antibiotics for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Vitamins for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Minerals for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Animal Feed Market Revenues & Volume By Others for the Period 2016 - 2026
- Thailand Animal Feed Import Export Trade Statistics
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Species
- Market Opportunity Assessment By Type
- Thailand Animal Feed Top Companies Market Share
- Thailand Animal Feed Competitive Benchmarking By Technical and Operational Parameters
- Thailand Animal Feed Company Profiles
- Thailand Animal Feed Key Strategic Recommendations
Market Segmentation:
The report provides a detailed analysis of the following 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
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- Global License$ 3,795
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