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Thailand Animal Feed Market Size, Share, Trends, Growth: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
Thailand Animal Feed Market Size
The Thailand animal feed market reached a volume of approximately 19.79 million tons in 2023. The market is projected to grow at a CAGR of 1.60% between 2024 and 2032, reaching a volume of around 22.87 million tons by 2032.
Thailand Animal Feed Market Outlook
- As per the industry reports, the animal feed sector in Thailand is responsible for 95% of production while aquafeed accounts for 5%.
- As per a report by USDA, chicken meat exports are expected to grow by 3% in 2024 as compared to 2023.
- As per a survey, Charoen Pokphand Foods Public Co. Ltd. (CPF) is the leading producer of animal feed in Thailand and is among the top 5 companies in global rankings.
Thailand Animal Feed Market Growth
The animal feed market is poised for exponential growth owing to the increasing awareness regarding animal nutrition and developments in feed manufacturing technology. Animal nutrition plays a key role in boosting the health and productivity of the animal. For instance, CP Foods recently implemented a compartment system for chickens to minimize the risk of diseases such as Avian Influenza (AI), and Newcastle disease through constant monitoring to increase yields and raise poultry standards. Additionally, the demand for protein-rich feed such as meat and poultry are on the surge due to an increase in income and population growth.
Moreover, feed manufacturing technology is being continuously improved in Thailand to meet domestic requirements. For instance, Full Circle Biotechnology- a nutrient recapture company that produces insect feed for shrimps and pigs has leveraged artificial intelligence (AI) to study data and maximize production at a lower cost to make insect feed more affordable than soybean meal.
Also, there is a rising demand for animal feed produced using sustainable methods, driven by a burgeoning focus on the safety of both the animal and the environment. For instance, in March 2024, Alltech and Thai Wah entered in a partnership to reduce carbon footprint, enhance optimal health, and effectively utilize waste through a biogas project to promote sustainability practices along with animal feed production.
Thailand Animal Feed Industry Segmentation
“Thailand 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
Thailand Animal Feed Market Share
Based on livestock, the market is segmented into pork, aquatic animals, cattle, and poultry, among others. Poultry holds a significant position in terms of market share as chickens and ducks are widely consumed throughout the country and exported on a large scale. For instance, animal feed companies such as CP Foods have implemented the compartment system to boost poultry production and help in disease prevention.
Leading Companies in Thailand Animal Feed Market
Market players are continuously investing in feed manufacturing technologies and promoting environmental sustainability.
- Alltech Inc.
- Nutreco N.V.
- Archer-Daniels-Midland Company
- Cargill, Incorporated
- Charoen Pokphand Foods PCL
- Intech Group
- SPM Animal Feed Company Limited
- Betagro Public Company Limited
- Thailuxe Enterprise (Thailand) Co., Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Livestock |
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| Breakup by Raw Material |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Animal Feed Historical Market (2018-2023)
8.3 Asia Pacific Animal Feed Market Forecast (2024-2032)
9 Thailand Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Thailand Animal Feed Historical Market (2018-2023)
9.3 Thailand Animal Feed Market Forecast (2024-2032)
10 Thailand Animal Feed Market by Type
10.1 Fodder and Forage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Thailand Animal Feed Market by Livestock
11.1 Pork
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aquatic Animal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cattle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Poultry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Thailand Animal Feed Market by Raw Material
12.1 Soy
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corn
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Alltech Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Nutreco N.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Archer-Daniels-Midland Company
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Cargill, Incorporated
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Charoen Pokphand Foods PCL
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Intech Group
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 SPM Animal Feed Company Limited
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Betagro Public Company Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Thailuxe Enterprise (Thailand) Co., Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
2. Asia Pacific Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
3. Thailand Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
4. Thailand Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
5. Thailand Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
6. Thailand Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
7. Thailand Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
8. Thailand Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
9. Thailand Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
10. Thailand Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
11. Thailand Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
12. Thailand Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
13. Thailand Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
14. Thailand Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
15. Thailand Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
16. Thailand Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
17. Thailand Animal Feed Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of 19.79 million tons.
The Thailand animal feed market is estimated to grow at a CAGR of 1.60% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a volume of 22.87 million tons by 2032.
The key drivers of the market are growing awareness of animal nutrition, increasing investment in facility expansion, technological advancements, and the expansion of the livestock industry.
The key trends of the market are rising demand for protein-rich feed and cattle and poultry products along with increasing domestic consumption of animal-based products.
Based on type, market segmentations include fodder and forage and compound feed.
The major players in the market are Alltech Inc., Nutreco N.V., Archer-Daniels-Midland Company, Cargill, Incorporated, Charoen Pokphand Foods PCL, Intech Group, SPM Animal Feed Company Limited, Betagro Public Company Limited, Thailuxe Enterprise (Thailand) Co., Ltd., among others.
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