APAC Ruminant Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.90 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Ruminant Feed Market Analysis
The market is poised to witness a CAGR of 3.9%, during the forecast period 2020-2025. Ruminant livestock is the second largest consumers of compound feed in the world. The demand for ruminant feed is high due to the industrialization of dairy and meat.
APAC Ruminant Feed Market Trends
This section covers the major market trends shaping the APAC Ruminant Feed Market according to our research experts:
Growing Demand for Animal Protein
One of the highest growth for meat consumption is recorded in the Asia-Pacific region because of changing diet patterns, urbanization, rising population, and economic growth. In recent years there is an increasing awareness among the population, regarding the health benefits of protein intake. This brought several changes in dietary habits and consumption patterns, where the shift towards the increased consumption of meat and dairy products has been observed. Owing to this, the production quantity of ruminant meat has shown a positive growth rate of 8.3% from 2016 to 2019. Due to rising health consciousness among consumers, they are focusing on nutritious rich products, derived from cattle that are provided by enriched feed products. This increasing demand for various animal products is imposing a positive impact on the growth of the ruminant feed market in this region.
China Dominates the Market
The growing consumption of cattle feed in China is creating opportunities for cattle feed additives and organic feed. Manufacturers are developing innovative techniques to increase production capacity and reduce costs. Feeding bovine livestock is challenging in pacific countries like Australia as compared to India where substitute products for ruminants which are cheaper are widely available. Ruminant feeding has become an important part in developing countries like India as it reduces feed input cost for livestock producers in two ways: firstly, it improves the cattle's digestive system by pH shift and metabolic modification, and secondly, it improves and maintains the growth of the animal by providing important nutrients, such as amino acids and vitamins. Furthermore, the growing population, increasing per capita consumption of meat, and the increasing adoption of intensive farming methods are the major factors driving the demand for ruminant feed in the region.
APAC Ruminant Feed Industry Overview
The Asia-pacific ruminant feed market is consolidated with some feed manufacturers, while the rest of the market is divided among small companies. Major investments are done by companies in their domestic markets to cater to the local demand. Expansion is the second-most preferred growth strategy, followed by investment, in the ruminant feed market. In addition to this, various companies are also enhancing the production capacities of their existing plants across the world. Major companies in the region include Alltech, Cargill, Incorporated, Charoen Pokphand Foods PCL, ADM, and New Hope Group.
APAC Ruminant Feed Market Leaders
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Cargill, Incorporated.
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Charoen Pokphand Foods PCL
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Alltech
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ADM
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New Hope Group
*Disclaimer: Major Players sorted in no particular order
APAC Ruminant Feed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Study Deliverables
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Product
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Animal Type
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5.1.1 Dairy Cattle
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5.1.2 Beef Cattle
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5.1.3 Other Animal Types
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5.2 Ingredients
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5.2.1 Cereals
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5.2.2 Cakes and Meals
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5.2.3 Other Ingredients
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5.3 Geography
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5.3.1 China
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5.3.2 India
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5.3.3 Japan
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5.3.4 Vietnam
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5.3.5 Australia
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5.3.6 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 Cargill, Incorporated
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6.3.2 Charoen Pokphand Foods PCL
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6.3.3 Alltech
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6.3.4 ADM
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6.3.5 New Hope Group
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6.3.6 Godrej Agrovet
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6.3.7 Land O Lakes, Inc.
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6.3.8 Adisseo
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
APAC Ruminant Feed Industry Segmentation
Asia-Pacific Ruminant Feed Market is projected to grow at a CAGR of 3.9% during the forecast period (2020-2025). Ruminant livestock is the second-largest consumer of compound feed. The demand for ruminant feed is high due to the industrialization of dairy and meat in the region. The ruminant feed is one of the prominent aspects of cattle healthcare since it has direct correlation with productivity and outcome from animal farming. Furthermore, increasing focus on cattle health to prevent disease is further anticipated to boost the demand for ruminant feed in this region during the forecast period.
| Animal Type | |
| Dairy Cattle | |
| Beef Cattle | |
| Other Animal Types |
| Ingredients | |
| Cereals | |
| Cakes and Meals | |
| Other Ingredients |
| Geography | |
| China | |
| India | |
| Japan | |
| Vietnam | |
| Australia | |
| Rest of Asia-Pacific |
APAC Ruminant Feed Market Research FAQs
What is the current Asia-Pacific Ruminant Feed Market size?
The Asia-Pacific Ruminant Feed Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Ruminant Feed Market?
Cargill, Incorporated., Charoen Pokphand Foods PCL, Alltech, ADM and New Hope Group are the major companies operating in the Asia-Pacific Ruminant Feed Market.
What years does this Asia-Pacific Ruminant Feed Market cover?
The report covers the Asia-Pacific Ruminant Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Ruminant Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Ruminant Feed Industry Report
Statistics for the 2024 Asia-Pacific Ruminant Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Ruminant Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
