Philippines Animal Feed Market (2024-2030) | Companies, industry, Size, Share, Revenue, Analysis, Forecast, Growth, Outlook

Topics Covered in the Philippines Animal Feed Market

Philippines 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.

Philippines Animal Feed Market Synopsis

Philippines Animal Feed Market is booming industry that is tightly regulated, constantly evolving, and catered to provide well-formulated and healthy diets to various animals. The growing demand for meat and dairy products, increased investment in animal husbandry practices, and a shift towards high-quality animal products have all contributed to the rapid expansion of the Philippines animal feed market growth. Animal feed is essential for the growth and health of livestock in the Philippines. The country's livestock industry has continued to grow over the recent years, thereby leading to an increase in demand for animal feed products. The Philippines animal feed market has been one of the fastest-growing industries in the country with significant contributions to the country's economy. With a large and growing population, the demand for animal protein and related products is also increasing rapidly. This trend has helped stimulate the growth of the animal feed industry that caters to the needs of various livestock and poultry sectors in the country.

According to 6Wresearch, the Philippines Animal Feed Market Size is estimated to grow at a CAGR of 4.8% during the forecast period of 2024-2030. One of the significant drivers of the Philippines animal feed market is the growing demand for meat products. The increasing population and urbanization have led to an increase in demand for meat and related products such as milk and eggs. This has prompted the demand for animal feed, which is a critical input in livestock production. Moreover, the high incidence of livestock disease outbreaks in the country has escalated the demand for quality animal feed. Despite the growth in the market, there are several challenges that the industry players are facing. One of the significant challenges is the high cost of imported raw materials such as soybean meal and corn, which are mainly used in animal feed production. Another significant challenge is the outbreak of animal diseases, which can significantly impact the demand for animal feed. For instance, an outbreak of African Swine Fever (ASF) in the country led to the loss of millions of swine, which had a significant impact on the demand for swine feed. Apart from this, one of the emerging trends in the Philippines Animal Feed Industry is the growing demand for organic and natural animal feed. Consumers are becoming more concerned about the safety and quality of animal-derived products they consume, which has prompted the shift towards natural and organic animal feed. Furthermore, there is a growing interest in feed additives such as enzymes, amino acids, and probiotics, which can improve animal health, and support the growth and development of livestock and poultry.

Government policies and schemes introduced in the Philippines Animal Feed Market

The Philippines has been known for its agriculture and animal husbandry. With its fertile land and abundant natural resources, it has become one of the biggest suppliers of livestock. The animal feed industry, in particular, has grown rapidly due to the growing demand for meat and poultry products. As such, the government has implemented policies and schemes to ensure the sustainable growth of the industry while addressing the concerns on quality and affordability of feeds. One of the notable policies introduced is the Rapid Livestock and Poultry Feasibility Studies and master plans by the Department of Agriculture (DA). This program provides assistance in the development of livestock and poultry production in various regions of the country. As part of the Feed and Livestock Program, the DA also initiated the “Integrated Livestock-Fisheries Gallen Development Project.” This project focuses on the development of livestock, poultry, and aquaculture projects in one location. Another initiative by the government is the formulation and implementation of animal welfare laws, particularly the Animal Welfare Act of 1998. The law provides guidelines for the proper treatment of animals, including livestock. This act aims to prevent and punish any form of cruelty, maltreatment, and neglect of animals.

Leading players in the Philippines Animal Feed Market

Some of the leading players in the animal feed industry in the Philippines include San Miguel Corporation, B-MEG, Cargill, and Universal Robina Corporation. These companies offer a wide range of feeds for livestock and poultry, including concentrates, supplements, and complete feeds. They also provide technical assistance, training, and even financial support to local farmers and entrepreneurs.

Market analysis by Form

By Form, Pellets are the most common form of feed in the Philippines as they contain the necessary nutrients and are easy to digest. Crumbles are another popular form of feed, especially for young and small animals. Mash, on the other hand, is a finely ground feed that is mixed with water or milk to form a porridge-like substance. The other form of animal feed includes zooplankton and insects. Among these four forms of animal feed, pellets stand out as the dominating segment as they are convenient for farmers to store and transport, and they offer high feed efficiency, which promotes livestock growth.

Market Analysis by Species

According to Nikhil, Senior Research Analyst, 6Wresearch, poultry is the largest market segment, accounting for a significant share of the total animal feed market. Poultry feed is mostly in the form of pellets, as they provide the necessary nutrients for chickens to grow and lay eggs.

Market Analysis by Type

By Type, antibiotics are expected to dominate the Philippines Animal Feed Market Share due to the increasing concern about antibiotic resistance.

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:

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

Philippines Animal Feed Market: FAQs