Asia Pacific Animal Feed Market Size and Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Asia Pacific Animal Feed Market Growth

The Asia Pacific animal feed market value is being positively shaped due to increasing animal nutrition awareness and advancements in technology in feed manufacturing. Animal nutrition plays a key role in improving livestock production and preventing diseases. According to Poultry Hub Australia, in Timor Leste, the One Page Feed Formulation (OPFF) Tool for chickens has been altered to provide a balanced diet for pigs.

Moreover, feed manufacturing technology is being constantly revised in the APAC region to meet regional requirements. For instance, eFeed- a precision management and nutrition organisation integrated dairy farming with artificial intelligence (AI) to offer better yield, boosting recommendations. Additionally, a rising demand for meat and dairy products drives market expansion in Asia-Pacific.

Also, there is a rising animal feed demand produced using sustainable methods, driven by increased emphasis on maintaining animal health. Examples of sustainable animal feed include algae feed, insect feed, single-cell protein (SCP) feed, and phytogenic feed. Algae feed is used to enrich animal feed with essential fatty acids, vitamins, and minerals. Insect-based feed is high in protein and can be used as a nutritious feed supplement. SCP feed is derived from microorganisms and is a high-quality protein source. Phytogenic feed additives are derived from plant-based sources and can be used to improve animal health and reduce antibiotic use.

Key Trends and Recent Developments

Increasing consumption of poultry products, investment in aquafeed, awareness of animal nutrition, and technological advancements are driving the Asia Pacific animal feed market value.

August 2024

Kemin Industries South Asia Pvt Ltd., a leading animal feed-producing company in South Asia launched KEMZYME® PROMACH 5, a premium protease enzyme technology specifically designed to cater for the needs of South Asian poultry producers. The product contains a unique Penta protease formulation which combines five enzymes for improved amino acid digestibility and rapid protein breakdown.

January 2023

Singapore-based Protenga, an animal feed and pet food producing company announced its successful funding round in the Asia Pacific with leading investors such as Yield Lab Asia-Pacific, SEEDS Capital and JBI Innovations. The funding secured will be used to invest in the second phase of its Smart Insect Farm development which started in 2023. Smart Insect Farm captures nutrients from insect feed and converts the same into protein-rich animal feed cost-effectively and sustainably.

November 2023

Singapore-based Entobel has opened a black soldier fly larvae (BSL) production facility in Vietnam, capable of producing 10,000 tonnes of protein meal for animal feed consumption in Asia Pacific.  Besides protein meal, the plant also produces fertilizers and oils using insect waste. It is estimated to be one of the largest animal feed-producing facilities in the Asia Pacific region.

May 2021

Wisium, a part of the multi-national animal feed brand ADM, acquired Vietnam’s Golden Farm Production & Commerce Company Limited (GF) to expand its business in the country. Golden Farm produces a range of customised animal feed products such as vitamins and minerals premixes for swine, poultry, ruminants, fish, shrimp, frogs and pets. Besides, the collaboration will also enable Wisium to access Golden Farm’s world-class production facility in Long Khanh Dong Nai which meets all stringent international safety and quality standards.

Increasing Consumption of Poultry Products Leading to Growth of Asia Pacific Animal Feed Market

The Asia Pacific region is witnessing tremendous population growth. According to the United Nations Population Fund (UNFPA), the region is home to 60% of the world’s population and includes the most populous countries - India and China which drive their per capita food consumption demand. Moreover, a major share of the population consumes protein-rich poultry products to meet their nutrition requirements, propelling the animal feed market growth in the region.

Investment in Aquafeed Production is Creating New Market Opportunities

Traditionally, animal feed production has largely catered to the poultry farming sector. However, key industry players are searching for new market opportunities in the aquafeed sector to increase their revenue and market share In the Asia Pacific region. For instance, Nutreco, a leading supplier of animal feed in Asia Pacific invested EUR 18.5 million to build a world-class aquafeed production facility in Surat, India through its global aquafeed division Skretting.

Awareness of Animal Nutrition Driving Animal Feed Demand Growth

The growing domestication of animals is creating awareness among pet and poultry owners regarding animal nutrition. This is being reflected in the increasing demand for quality animal feed, customised to meet the health and nutrition needs of animals. Leading animal feed producers are striving to meet this growth with increased research and development. For instance, EW Nutrition, a leading animal feed producer, has announced the launch of its xylanase enzyme product, Axxess XY, designed to unlock the trapped nutrients of animal feed to improve gut health and reduce viscosity.

Technological Advancements Enhancing Productivity in the Animal Feed Industry

Technological advancements in the animal feed industry are driving its productivity and efficiency. Market players are increasingly using feed production technologies and AI to increase their overall production and improve site management. For instance, a leading animal feed technology company in the Asia Pacific, CBS Inc., has been investing in groundbreaking innovations for decades including multi-carbohydrase technology, enhanced yeast technology, grain management technology, functional fatty acids, phytogenics and probiotics.

Asia Pacific Animal Feed Industry Segmentation

“Asia Pacific Animal Feed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Fodder and Forage
• Compound Feed 

Market Breakup by Livestock

• Pork
• Aquatic Animal
• Cattle
• Poultry
• Others

Market Breakup by Raw Material

• Soy
• Corn
• Others

Market Breakup by Country

• China
• Japan
• India
• ASEAN
• Australia
• Others

Asia Pacific Animal Feed Market Share

The primary raw materials used to produce animal feed are soy and corn. Soybean meal is highly preferred for monogastric animals such as swine because it contains high protein, amino acids, and low fibre and aids in energy metabolisation. Corn, on the other hand, is considered the most important component in animal feed and a prominent source of energy. Moreover, it is estimated that 70-80% of corn produce is utilised as an ingredient for animal feed apart from other raw materials.

As per Asia Pacific animal feed industry analysis, India is the largest producer of milk and buffalo meat, and the second largest producer of goat meat. This significant production of milk and meat products drives the demand for animal feed in the country to ensure optimum animal well-being. Moreover, India's exports of animal products in 2022-23 were valued at USD 4,062.15 million, where buffalo meat accounted for over 78.65% of total exports. The significant exports of animal products, including buffalo meat, goat meat, and poultry products also drive the demand for animal feed in the country.

Leading Companies in Asia Pacific Animal Feed Market

Market players are continuously investing in feed manufacturing technologies and promoting environmental sustainability

• Cargill, Incorporated
• Nutreco N.V.
• Alltech Inc.
• Archer Daniels Midland Company
• Charoen Pokphand Foods Public Company Limited
• BRF S.A
• De Heus Voeders BV
• Leong Hup International Berhad
• New Hope Liuhe Co., Ltd.
• FEED ONE CO., LTD.
• BioMar Group
• Others