Asia Pacific Animal Feed Market Size Expands at Significant CAGR of 7.31% to Touch USD 99.5 Billion by 2030

Published | 08 January 2024

Asia Pacific Animal Feed Market is propelled by rising demand for meat and dairy products from growing population, increasing awareness about animal nutrition, advancements in feed technology, and expanding livestock industry.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia Pacific Animal Feed Market size at USD 60,772.03 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Asia Pacific Animal Feed Market size to grow at a CAGR of 7.31% reaching a value of USD 99,556.75 million by 2030. The Asia Pacific Animal Feed Market is driven by increasing demand for meat products from growing population and rapid urbanization. Growing awareness of animal nutrition, coupled with a focus on livestock health and productivity, fuels the demand for quality feed. Economic development and a shift toward higher protein diets further contribute to market growth.

Opportunity – Specialty feed surge fuels unprecedented growth

In the dynamic landscape of the Asia Pacific Animal Feed Market, the escalating demand for specialty feeds emerges as a major growth driver. The surge, driven by evolving consumer preferences and a heightened focus on animal nutrition, propels the market to unprecedented heights. Stakeholders are capitalizing on this trend, fostering innovations in specialized feed formulations to meet the unique dietary needs of diverse livestock, ultimately contributing to the robust expansion of the regional animal feed industry.

Impact of Escalating Geopolitical Tensions on Asia Pacific Animal Feed Market    

Escalating geopolitical tensions in the Asia Pacific, exacerbated by the Russia-Ukraine war, have significantly impacted the Animal Feed Market. Political uncertainties and trade disruptions have disrupted the supply chain, leading to increased prices and reduced availability of key feed ingredients. The conflict's spillover effect has heightened market volatility, causing concerns among stakeholders. Import-dependent nations face challenges in securing stable supplies, affecting livestock farmers and food production. Additionally, fluctuating currency values and regulatory uncertainties further compound the market's challenges.

Sample Request @ https://www.blueweaveconsulting.com/report/asia-pacific-animal-feed-market/report-sample

Asia Pacific Animal Feed Market    

Segmental Coverage

Asia Pacific Animal Feed Market – By Product

Based on product, Asia Pacific Animal Feed Market is divided into Fodder and Forage segments. The fodder segment accounts for a higher market share, indicating a substantial focus on processed feed products for livestock. This underscores the region's emphasis on nutritionally balanced and formulated feeds to enhance animal health and productivity. The fodder segment's prominence signifies the pivotal role it plays in meeting the diverse dietary needs of livestock across the Asia Pacific region, reflecting the evolving trends and demands within the animal feed industry in this expansive market.

Asia Pacific Animal Feed Market – By Livestock

Based on livestock, Asia Pacific Animal Feed Market is divided into Pork, Aquatic Animals, Cattle, and Poultry segments. The poultry segment is the largest in the Asia Pacific Animal Feed Market. The poultry feed segment commands a significant share, driven by the region's growing demand for poultry products. Population growth, urbanization, and changing dietary preferences contribute to the prominence of the poultry segment. The segment benefits from the rising consumption of poultry meat and eggs across the Asia Pacific region, making it a pivotal component of the animal feed market. The poultry segment's dominance underscores its economic importance and the strategic focus of the industry in catering to evolving consumer preferences.

Competitive Landscape

Asia Pacific Animal Feed Market is fiercely competitive. Major companies in the market include Charoen Pokphand Foods PCL, Cargill Incorporated, ADM Animal Nutrition, Alltech Inc., Novus International, DSM Nutritional Products AG, Evonik Industries AG, BASF SE, Lallemand Inc., and Zinpro Corp. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Asia Pacific Animal Feed Market.

Don’t miss the business opportunity Asia Pacific Animal Feed Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia Pacific Animal Feed Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Asia Pacific Animal Feed Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com