Asia Pacific Animal Feed Market
APAC continent comprises of several developing economies such as China, India, Japan, South Korea, Australia, among others. These emerging countries are witnessing an upsurge in the middle-class population, along with growth in urbanization, which offers ample opportunities for the key market players in the animal feed market. The animal feed industry in the countries of Asia Pacific has experienced a huge shift over the years. Asia Pacific region is considered to be the fastest growing in terms of production and consumption of pet food owing to increase in number of animal farms in the region. Thus, a growth in the production of industrial livestock is anticipated to create a drive for APAC animal feed market in the coming years.
Strategic insights for the Asia Pacific Animal Feed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1, 40,947.68 Million |
| Market Size by 2027 | US$ 1,88,285.24 Million |
| Global CAGR (2019 - 2027) | 3.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Animal Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The animal feed market in APAC is expected to grow from US$ 1, 40,947.68 Million in 2018 to US$ 1,88,285.24 Million by 2027; it is estimated to grow at a CAGR of 3.2% from 2019 to 2027. According to the United Nations, 821 Million people in 2018 were undernourished. Taking into account all the people in the world affected by moderate levels of food insecurity as well as those who suffer from hunger, it is estimated that more than 2 billion people do not have regular access to sufficient and nutritious food. The World Bank and many private and public companies have made investments in rural and agricultural development to boost nutrition and food production and mitigate food insecurity. The unabated increase in the population has strained the food supply chain and increased the demand for high calorie and protein diet. According to a study by the United Nations, the world will need 70% more food to feed a population of 9.6 billion people. Hence, technological advancements in animal nutrition to improve productivity of farm animals and increase the production of dairy and milk has become paramount to provide adequate nutrition to the world. The need for wholesome food to feed the burgeoning population base presents a lucrative opportunity for the livestock, meat, dairy, and its allied animal feed industry. Animal feed industry is anticipated to receive investments across the globe to aid in balanced nutrition program of animals, which is crucial to supplement the protein and daily nutrition requirements of the world. This is bolstering the growth of the APAC animal feed market.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the corona virus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects.
In terms of form, the pellets accounted for the largest share of the APAC animal feed market in 2018. In terms of livestock, the poultry segment held a larger market share of APAC animal feed market in 2018.
A few major primary and secondary sources referred to for preparing this report on the APAC animal feed market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniel Midland Co., Cargill Inc., Charoen Pokphand Foods PLC, Evonik Industries AG, Guangdong Haid Group Co. Ltd., Land o’lakes Inc, New hope group Co. Ltd., Nutreco NV, and Perdue Farms Inc.
The List of Companies - Asia Pacific Animal Feed Market
The Asia Pacific Animal Feed Market is valued at US$ 1, 40,947.68 Million in 2018, it is projected to reach US$ 1,88,285.24 Million by 2027.
As per our report Asia Pacific Animal Feed Market, the market size is valued at US$ 1, 40,947.68 Million in 2018, projecting it to reach US$ 1,88,285.24 Million by 2027. This translates to a CAGR of approximately 3.2% during the forecast period.
The Asia Pacific Animal Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Animal Feed Market report:
The Asia Pacific Animal Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Animal Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Animal Feed Market value chain can benefit from the information contained in a comprehensive market report.
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