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Japan Compound Feed Market Size (2024 - 2029)

The Japan compound feed market is experiencing growth driven by an increase in meat consumption and the rising prices of imported meat, which are prompting local producers to boost production. This scenario is leading to a heightened demand for compound feed as animal farming expands. The market size is influenced by the need to support this growth in production, with several major companies playing a significant role in the market dynamics.

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Market Size of Japan Compound Feed Industry

compound feed
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.70 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Japan Compound Feed Market Analysis

The Japan compound feed market is projected to register a CAGR of 3.7% during the forecast period. Meat consumption in Japan is witnessing a healthy growth rate. The majority of meat consumed in Japan is, however, imported. The continuous rise in imported meat prices and the increasing demand for meat is exerting pressure on local producers to increase production to meet the demand. Under these circumstances, the demand for compound feed is rising, as animal farming is seeing a healthy growth rate during the forecast period. The major companies like Cargill Inc, Nutreco NV, KYODO INTERNATIONAL, INC., Alltech Inc., JAPAN NUTRITION Co. Ltd, Nosan Corporation., Feedone Co., Ltd. are dominating the market. In 2018, Nutriad established a partnership with Watanabe Chemicals to distribute its products in the Japanese market. With the help of a strong distribution network of Watanabe Chemicals, Nutriad introduced Adimix and Apex range in poultry, swine, and ruminants segment.

Japan Compound Feed Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
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Japan Compound Feed Market Size Summary

The Japan compound feed market is experiencing a steady growth trajectory, driven by the increasing demand for meat and the subsequent rise in animal farming. As Japan's meat consumption continues to grow, particularly in pork and chicken, local producers are under pressure to boost production, thereby elevating the demand for compound feed. This trend is further supported by the rise in household income levels, which is fueling a shift towards a meat-heavy diet and increasing the demand for processed meat and protein-rich diets. The market is characterized by the presence of major players such as Cargill Inc, Nutreco NV, and Alltech Inc., who are actively expanding their operations through strategic partnerships and acquisitions to enhance their market presence and production capacities.

The compound feed market in Japan is also witnessing a rise in animal populations, which positively impacts the demand for feed. The poultry sector, in particular, has seen significant growth, with feed production reaching substantial levels. Despite the challenges posed by the need for increased self-sufficiency in feed ingredients, the market remains fragmented, with companies focusing on expanding their geographical reach and production capabilities. The strategic expansion efforts by leading companies are aimed at meeting the growing demand and capitalizing on the opportunities presented by the evolving dietary preferences of the Japanese population.

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Japan Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

Japan Compound Feed Market Size FAQs

The Japan Compound Feed Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)

JAPAN NUTRITION Co.,Ltd., Nosan Corporation., Alltech Inc., KYODO INTERNATIONAL,INC. and Feedone Co., Ltd. are the major companies operating in the Japan Compound Feed Market.

Japan Compound Feed Market Report Snapshots

Japan Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)