Asia Pacific Animal Feed Market Share and Forecast by 2027

The APAC animal feed market is expected to grow from US$ 1, 40,947.68 Mn in 2018 to US$ 1, 88, 285.24 Mn by 2027; it is estimated to grow at a CAGR of 3.2% from 2019 to 2027.

China, Japan, South Korea, and India are major economies in APAC. Industrial livestock production has undergone substantial transformation owing to technological advancements in animal vaccinations and antibiotics. According to the Food and Agriculture Organization (FAO) more than half of the world's pork and poultry, one-tenth of its beef and mutton and more than two-thirds of its egg supply have originated from industrial livestock production. The development of industrial livestock production across the globe has led to significant demand for highly nutritious animal feed products. The surge in the industrial production of mutton, beef, pork, and poultry over grazing and mixed farming has necessitated the demand for high grade animal feed products. Industrial livestock production has ensured high volume of meat production at low cost by taking advantage of economies of scales. . The availability of dairy and meat products at low prices has led to an increase in the consumption and thereby contributed to the growth of the industrial livestock production industry. The robust growth witnessed by the industrial livestock production sector has spurred the demand for high quality animal feeds used in rearing a range of livestock including cattle, swine, goats, chicken, fish, shrimps, etc. The crucial role played by industrial livestock production in meeting the nutritional requirement of humans across the globe has led to the proliferation of industrial livestock farms across the world and augmented the sales of animal feeds. Thus, a growth in production of industrial livestock is going to drive the animal feed market in APAC.

As the COVID 19 pandemic continues to grow, it has hampered the animal feed market in the APAC region. The major countries in the APAC region are under lockdown. In many countries of APAC, where the newest strain of the coronavirus (COVID-19) has made an impact, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of animal feed market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC animal feed market. The Asia Pacific animal feed market is expected to grow at a good CAGR during the forecast period.

APAC Animal Feed Market Revenue and Forecast to 2027 (US$ Mn)

APAC Animal Feed market Segmentation

APAC animal feed market – By Form

• Pellets
• Crumbles
• Mash
• Others

APAC animal feed market – By Livestock

• Poultry
• Ruminants
• Swine
• Aquaculture
• Others

APAC animal feed market– By Country

• Japan
• China
• India
• South Korea
• Rest of APAC

Asia Pacific Animal Feed Report Scope