APAC Compound Feed Market

APAC Compound Feed Market (2023 to 2028)

The size of the Asia-Pacific compound feed market is expected to reach USD 221.17 billion in 2023 and is estimated to be growing at a CAGR of 1.8%, to reach USD 241.80 billion by 2028.

The Asia-Pacific compound feed market is developing at a significant rate due to the increase in the livestock population. Compound feed is a combination of raw materials and supplements obtained from either plants or animals, supplied to the livestock orally. The most frequently used raw materials are soybean, corn, barley; wheat and sorghum. Regular additives that are used to form compound feed are minerals, amino acids, antibiotics, and colorants. Compound feed has become a vital part of the universally increasing livestock and meat production industries. The end customers of the compound feed are poultry, pigs, ruminants, fish, etc. Livestock producers in the Asia Pacific region are identifying new ways to stimulate production and deliver the same benefits provided by antibiotic growth promoters at an affordable price.

The growth of the Asia-Pacific Compound feed market is mainly driven by reasons such as the rise in global meat consumption, the rise in the mass production of meat, and recent livestock disease outbreaks. The increasing population in this part of the world is also supporting the growth of the Asia-Pacific meat market, ultimately increasing demand for compound feed.

Volatile economies and growing costs of operations are the major restrictive factors for the Asia-Pacific market. An upsurge in the cost of raw materials is also a key challenge for the companies in the market.

The Asia-Pacific compound feed market is segmented and sub-segmented into the following categories:

APAC Compound Feed Market - By Ingredients:

• Cereals
• Cereals by-Product
• Oilseed Meal
• Oil
• Molasses
• Supplements
• Others

APAC Compound Feed Market - By Supplements:

• Vitamins
• Antibiotics
• Antioxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
• Others

APAC Compound Feed Market - By Animal:

• Ruminant
• Swine
• Poultry
• Aquaculture
• Others

Poultry, pork, and cattle are the largest consumers of compound feed in this region, accounting for the major share of the overall compound feed market. Cereals are the most widely used ingredients in compound feed, whereas Vitamins are the most widely used additives, accounting for around 25% of the total feed additives market.

APAC Compound Feed Market – By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

This region offers substantial opportunities for the compound feed market, with China and India being the most populous countries in this region and contributing to the increasing demand. The Asia-Pacific region is expected to offer profitable growth prospects, owing to the substantial increase in feed production and growing awareness among consumers about the quality of meat products and due to the rise in disposable incomes in developing economies, primarily in China and India. China is the major compound feed manufacturer in the world and accounts for around half the production of compound feed in the Asia-Pacific region. Asia-Pacific region is the largest consumer of aqua feed and is also the largest consumer of molasses, accounting for a major part of the global molasses consumption.

KEY MARKET PLAYERS:

Cargill Inc, Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ Lakes, Inc, Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, For Farmers B.V, Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A, DeKalb Feeds, Inc, De Heus B.V, Ballance Agri-Nutrients Ltd, J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP. Some major key players are involved in the APAC compound feed market.