Asia Pacific Animal Feed Market Size By Sales Channel (Stores and E-commerce), By Product Type (Fodder, Compound Feed, and Forage), By Animal Type (Poultry, Cattle, Swine), By Geographic Scope And Forecast

Asia Pacific Animal Feed Market Size And Forecast

Asia Pacific Animal Feed Market size was valued at USD 147.21 Billion in 2024 and is projected to reach USD 203.65 Billion by 2031, growing at a CAGR of 4.14% during the forecasted period 2024 to 2031.

The growing animal population in the Asia Pacific region will help to boost the demand for Animal Feed across the Asia Pacific. The Asia Pacific report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Asia Pacific Animal Feed Market Definition

Animal feed is essentially food items prepared for the consumption of farm animals or poultry. The farmers pick the animal feed in line with the digestion animal. Outbursts of sicknesses through animals as well as the ban on the usage of antibiotic growth promoters (AGPS) on animals are driving the boom of the marketplace.

Asia Pacific Animal Feed Market Overview

Hey, guess what? All those animals in Asia Pacific are multiplying like crazy, and that's going to mean a bigger need for Animal Feed! We're talking major market share here, especially with all those folks in China and India. Think about itanimal feed is key to the whole food thing, so as the food industry in Asia Pacific grows, so will the market for animal feed. After all, we need feed to get safe and plentiful animal proteins to feed everyone, right? Plus, as people earn more money and start craving more meat and dairy, this trend will just keep going. Basically, if we want more animal products, we need more animal feed. And get this – the increasing interest in natural growth methods will play a big role too. More cow farms also mean more animal feed needed! What's really driving demand is that people are starting to understand how feed additives can help keep animals healthy and cut down on diseases. Learn More.

Some of the protein-rich animal food supplements are costlier than conventional food items. This might hinder the market growth for the animal feed over the forecasted period. In addition to this, growing raw material costs and substantial increase in the operational costs for the animal feed productions are leading to the excessive pricing modules from the manufacturers. This will further limit the market growth for the Asia Pacific animal feed market.

Asia Pacific Animal Feed MarketSegmentation Analysis

The Asia Pacific Animal Feed Market is segmented based on Sales Channel, Product Type, Animal Type, and Geography.

Asia Pacific Animal Feed Market by Sales Channel

• Stores• E-commerce

Based on Sales Channel, the market is bifurcated into Stores and E-commerce. Stores accounted for the largest market share of 73.09% in 2020, with a market value of USD 101,675.41 Million, and are projected to grow at a CAGR of 3.58% during the forecast period. E-commerce was the second-largest market in 2020.

Asia Pacific Animal Feed Market by Product Type

• Fodder• Compound Feed• Forage

Based on the Product Type, the market is bifurcated into Fodder, Compound Feed, and Forage. Compound Feed accounted for the largest market share of 49.93% in 2020, with a market value of USD 69,457.04 Million and is projected to grow at the highest CAGR of 4.93% during the forecast period. Fodder was the second-largest market in 2020.

Asia Pacific Animal Feed Market by Animal Type

• Poultry• Cattle• Swine• Aqua• Others

Based on the Animal Type, the market is bifurcated into Poultry, Cattle, Swine, Aqua, and Others. Poultry accounted for the largest market share of 43.06% in 2020, with a market value of USD 59,897.44 Million, and is projected to grow at a CAGR of 3.36% during the forecast period. Cattle were the second-largest market in 2020.

Asia Pacific Animal Feed Market by Geography

On the basis of Geography, the market is classified into China, Australia, Indonesia, Philippines, Bangladesh, Thailand, Malaysia, Vietnam, Myanmar, South Korea, Singapore, Sri Lanka, Taiwan, Hong Kong, Rest of Asia Pacific. China accounted for the largest market share of 30.05% in 2020, with a market value of USD 41,800.49 Million, and is projected to grow at a CAGR of 4.65% during the forecast period. Australia was the second-largest market in 2020.

Key Players

The “Asia Pacific Animal Feed Market” study report will provide valuable insight with an emphasis on the Asia Pacific Market. The major players in the market are Cargill, Incorporated, Purina Animal Nutrition (Land O’Lakes), New Hope Group, Tyson Foods, Archer Daniels Midland, De Heus, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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