Asia-Pacific Animal Feed Market - Industry Analysis, Growth, Demand, Share, & Forecast To 2027

Animal feed is a sustenance made by blending several raw materials and additives. These are fed to various livestock and aquatic animals. Animal feed market report is widely segmented by various ingredients such as Cereals, By-products, Supplements, and Cakes & Meal. The demand in Asia-Pacific region is boosting constantly due to growing animal population across Asia pacific. The rapid growing nations such as China & India currently hold a huge customer base which is also estimated to hold a major share in the market. According to the research report “Asia-Pacific Animal Feed Market Outlook, 2027" published by Actual Market Research, animal feed requires large and plentiful amount of protein feeds. The rise in per capita income and inclination towards meat & dairy products can contribute to the constant rising demand for meat and dairy products can contribute in the continuation of this trend. Also, another fact is market demand for meat shall increase if human demands for animal based products are increasing. The Asia-Pacific animal feed market is projected to grow with CAGR of 2.32% during the forecast period. China & India are the two main countries in Asia pacific region contributing to highly developing interest and growing demand of animal feed. China is the largest animal feed manufacturer in the world due to its high range of meat producing capacity. Meat based market of China supports many countries and even some region in providing meat and meat based animal feed products. Amid the covid-19 pandemic, the protein-rich meat based animal feed products have faced huge surge in prices over the forecasted period. Addition to this, every operational cost which involved manufacturing of feeds has increased heavily. These factors have hindered the growth of Asia-pacific animal feed market. Except India & Australia every other country of Asia-pacific has major share of Poultry feed in the animal feed sector, whereas India & Australia are among the major market holder of Cattle feed. The demand of Aqua feed is rising constantly among Asia-pacific market. Again, here too China dominates the Aqua feed industry with massive production and rapid consumption carp species and it’s rapidly rising outputs also gaining in exports. Issues such as popularity of aquaculture feed among small scale farmers have been hard because of low awareness in the market. The demand for aquaculture feeds is gaining dominance because sea foods play a major role in daily dietary habits of several Asian countries. Due to rising per capita income and increasing health consciousness among people, the dietary habits are changing rapidly from just a carbohydrate based diet to protein-rich diet. Major Companies present in the market: Cargill Inc., Guangdong Haid Group, Chareon Pokphand Foods, For Farmers, New Hope Liuhe Co Ltd, Archer Daniels Midland Co, Feed One Co, Ltd, Alltech Inc, Nutreco N.V, Kent Nutrition Group Considered in this report: • Geography: Asia-Pacific • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Asia-Pacific animal feed market with its value and forecast along with its segments • Country-wise animal feed products market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report • China • Japan • India • Australia • Rest Of Asia-Pacific Types of feed ingredients in the report: • Cereals • By-Products • Cakes & Meals • Supplements Types of feed by livestock in the report: • Cattle Feeds • Poultry Feeds • Pig Feeds • Aqua Feeds Types of form in the report: • Pellet • Mash • Crumbles • Cubes & Cakes The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to animal feed industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.