The Asia Pacific animal feed market is expected to grow at a CAGR of 4.12% over the forecast period to reach a market size of US$140.491 billion in 2024 from US$110.269 billion in 2018. Rapid urbanization and rising disposable income in the region are expected to be the prime drivers behind this growth during the forecast period. In countries like India, the livestock population especially cattle, are associated with rising human population, with the changing technology and growing meat industry in the region the market is anticipated to grow significantly in the coming years. In addition, rising consumer health awareness is further expected to widen up growth opportunities for vendors and manufacturers in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Asia Pacific animal feed value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Asia Pacific Animal feed market.
Major industry players profiled as part of the report Cargill, Incorporated, Purina Animal Nutrition (Land O’Lakes), New Hope Group, Archer Daniels Midland, and Weston Milling Animal Nutrition among others.
The Asia Pacific animal feed market has been analyzed through following segments:
By Raw Materials
By Production Systems