Animal Feed Industry in Thailand Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Animal Feed Industry in Thailand Report is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types) and Ingredient (Cereals, Cakes and Meals, By-Products, and Supplements). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Animal Feed Industry in Thailand Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thailand Compound Feed Market Size

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Thailand Compound Feed Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 10.71 Billion
Market Size (2030) USD 13.35 Billion
CAGR (2025 - 2030) 4.50 %
Market Concentration Medium

Major Players

Thailand Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Thailand Compound Feed Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed

Feed Additives

Pet Care

Animal Farm Services

Thailand Compound Feed Market Analysis

The Thailand Compound Feed Market size is estimated at USD 10.71 billion in 2025, and is expected to reach USD 13.35 billion by 2030, at a CAGR of 4.5% during the forecast period (2025-2030).

  • The Thai animal feed industry is one of the largest in Southeast Asia. The industry caters not only to traditional livestock segments like poultry and swine but also to emerging segments such as aquaculture. The country is a major producer of shrimp and other aquaculture products, driving significant demand for specialized aquafeed. In addition to this, the nation witnessed a rise in animal-based food consumption, driven by factors like increasing incomes, urbanization, and evolving dietary habits. For instance, according to a survey conducted by the Madre Brava organization in Thailand, 76% of the respondents ate meat. The demand for meat, eggs, and dairy has been growing with rising incomes, urbanization, and changing dietary preferences. These developments are expected to contribute to the growth of the market studied during the next five years.
  • Along with this, government support is bolstering animal production, propelling market growth. In February 2024, the Thai Cabinet allocated approximately THB 1 billion (USD 28 million) to enhance the nation's agriculture industry by bolstering animal feed collection and value addition. Such initiatives not only ensure ample animal feed for the expanding livestock production but also support market growth. Similarly, this supports industrialized animal husbandry, contributing to growth in the Thai animal feed market.
  • Furthermore, feed manufacturers in Thailand have adopted the expansion of their production capacities to benefit the domestic market. In 2022, Cargill acquired a feed mill in Prachinburi province, Thailand, to enhance its animal feed and nutrition businesses. With this acquisition, the plant will produce poultry and swine feed for Cargill's customers in Thailand, supporting animal production in the country. Therefore, the rising meat consumption, growing government support, and increasing strategies adopted by major players are expected to drive market growth during the forecast period.

Thailand Compound Feed Industry Overview

The Thai compound feed market is consolidated, with major players holding a smaller share of the market than other smaller players. Charoen Pokphand Foods PCL, Cargill Inc., Betagro Public Company Limited, SPM Feed Mill Company Limited, and Alltech Inc. are major players operating in this market. The players are expanding and investing in their businesses by adopting various strategies, such as mergers and acquisitions, expansions, partnerships, and product launches.

Thailand Compound Feed Market Leaders

  1. Charoen Pokphand Foods PCL

  2. Alltech Inc.

  3. Betagro Public Company Limited

  4. Cargill Inc

  5. S P M Feed Mill Company Limited

  6. *Disclaimer: Major Players sorted in no particular order
Thailand Compound Feed Market Concentration
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Thailand Compound Feed Market News

  • March 2024: The Thai Feed Mill Association (TFMA) and the US Soybean Export Council (USSEC) signed a memorandum of understanding (MoU) to bolster sustainable sourcing practices for feed ingredients in Thailand. This agreement is specifically designed to create a reliable and sustainable supply chain for soybean, soybean meal, and related products catering to Thailand's feed milling industry.
  • March 2024: Cargill and VPF Group, a producer and distributor of pork in Thailand, entered a strategic partnership. This partnership grants Cargill the opportunity to produce swine feed at VPF's cutting-edge facility in Chiang Mai. By harnessing Cargill's advanced technologies and stringent quality control measures, the venture aims to enhance the production and distribution of premium swine feed, catering to the discerning Thai market.
  • March 2023: Betagro opened a fully intelligent feed mill with Internet of Things (IoT) connectivity and automation in Nong Bun Mak, Nakhon Ratchasima, Thailand. The company invested THB 1.4 billion (USD 44 million) in building the plant, which will help it meet the growing demand for animal feed in the country.

Thailand Animal Feed Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Demand for Animal-based Protein
    • 4.2.2 Increasing Support from the Government
    • 4.2.3 Growing Strategic Activities by the Major Players
  • 4.3 Market Restraints
    • 4.3.1 Stringent Regulatory Conditions
    • 4.3.2 Fluctuating Input Prices
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Animal Type
    • 5.1.1 Ruminants
    • 5.1.2 Poultry
    • 5.1.3 Swine
    • 5.1.4 Aquaculture
    • 5.1.5 Other Animal Types
  • 5.2 Ingredient
    • 5.2.1 Cereals
    • 5.2.2 Cakes and Meals
    • 5.2.3 By-products
    • 5.2.4 Supplements

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Charoen Pokphand Foods PCL
    • 6.3.2 Cargill Inc.
    • 6.3.3 Alltech Inc.
    • 6.3.4 INTEQC Feed Co. Ltd
    • 6.3.5 SPM FEED MILL COMPANY LIMITED
    • 6.3.6 Laemthong Corporation Group
    • 6.3.7 Farm Chokchai
    • 6.3.8 Sun Feed Co. Ltd
    • 6.3.9 Betagro Public Company Limited
    • 6.3.10 Thai Luxe Enterprises PCL
    • 6.3.11 Thai Union Group Public Company Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Thailand Compound Feed Industry Segmentation

Animal 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. The Thai compound feed market is segmented by animal type (ruminants, poultry, swine, aquaculture, and other animal types) and ingredient (cereals, cakes and meals, by-products, and supplements). The report offers market sizes and forecasts in value (USD) for all the above segments.

Animal Type Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient Cereals
Cakes and Meals
By-products
Supplements
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Thailand Animal Feed Market Research FAQs

How big is the Thailand Compound Feed Market?

The Thailand Compound Feed Market size is expected to reach USD 10.71 billion in 2025 and grow at a CAGR of 4.5% to reach USD 13.35 billion by 2030.

What is the current Thailand Compound Feed Market size?

In 2025, the Thailand Compound Feed Market size is expected to reach USD 10.71 billion.

Who are the key players in Thailand Compound Feed Market?

Charoen Pokphand Foods PCL, Alltech Inc., Betagro Public Company Limited, Cargill Inc and S P M Feed Mill Company Limited are the major companies operating in the Thailand Compound Feed Market.

What years does this Thailand Compound Feed Market cover, and what was the market size in 2024?

In 2024, the Thailand Compound Feed Market size was estimated at USD 10.23 billion. The report covers the Thailand Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Compound Feed Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thailand Compound Feed Industry Report

The Thailand Compound Feed market is segmented by animal type and ingredient, offering detailed insights into market trends and market size. This comprehensive industry report provides an in-depth market analysis and market research, highlighting the growth rate and market forecast for the sector. The report includes valuable industry information and industry statistics, offering a thorough industry overview and market outlook.

The analysis covers various segments, including ruminants, poultry, swine, aquaculture, and other animal types, as well as cereals, cakes and meals, by-products, and supplements. The market value and market segmentation are explored in detail, providing a clear understanding of the market share and market predictions.

This industry research includes a historical overview and future projections, making it an essential resource for understanding the market growth and market leaders. The report example and report pdf download offer a convenient way to access the data, while the industry reports and industry trends sections provide a broader perspective on the global market.

With a focus on industry sales and industry size, this report is a valuable tool for research companies and stakeholders looking to stay ahead in the market. The market review and market data sections offer critical insights, ensuring that readers have a comprehensive understanding of the market dynamics and market outlook.