Asia Pacific Corn and Wheat-Based Feed Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

No. of Pages: 85    |    Report Code: BMIRE00030673    |    Category: Food and Beverages

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The Asia Pacific corn and wheat-based feed market was valued at US$ 74,751.60 million in 2022 and is expected to reach US$ 96,947.33 million by 2030; it is estimated to register a CAGR of 3.3% from 2022 to 2030.

Benefits of Corn and Wheat in Animal Feed Boosts Asia Pacific Corn and Wheat-Based Feed Market



Corn and wheat are considered important protein and energy sources in animal feed. Corn-based feed is a high-energy food that provides animals with essential nutrients such as protein, fats, and carbohydrates. The feed is easily digestible. Corn fibers help reduce the cholesterol level and enhance the digestive health of animals. It is a major source of Vitamin A. Owing to the mentioned benefits, corn-based feed improves meat quality and aids milk production among cows and sheep.

Wheat is one of the cereals used to make animal feed with the highest protein content. Wheat has a high energy value with 3.0 to 3.5 Mcal ME (Megacalories of Metabolizable Energy), considered an important energy source in animal feed. Wheat-based feed is mainly used for polygastric animals such as ruminants. Wheat bran is an important source of minerals such as selenium, zinc, iodine, and potassium, which helps in multiple physiological functions such as the immune system. Wheat has a large amount of fiber that facilitates animal digestive processes. Further, wheat has moisture values below 14%; it aids in avoiding problems related to digestibility and contamination by mycotoxin-producing fungi. Such nutritional benefits influence livestock owners to prefer corn and wheat-based feed to maintain or enhance the health of animals. Thus, the benefits associated with corn and wheat-based feed boost the Asia Pacific corn and wheat-based feed market growth.

Asia Pacific Corn and Wheat-Based Feed Market Overview



In Asia Pacific, the demand for corn and wheat-based feed is rising, driven by various factors. One significant factor is the rapid growth of the middle-class population and urbanization across many countries in the region. As incomes rise and lifestyles change, there's a shift toward diets higher in protein, including meat and dairy products. This dietary transition fuels the demand for livestock products, leading to increased livestock production and a higher demand for corn and wheat-based feed to support the growing livestock industry. Also, the growth of organized livestock industry in the developing countries of the region drives the market growth in the coming years.

Asia Pacific also faces challenges related to food security. Many countries in the region heavily rely on imports to meet their food needs, including animal feed. Governments are incentivizing domestic production of feed grains to reduce dependence on external sources and enhance food security. Corn and wheat are favored due to their adaptability to various agro-climatic conditions and relatively high yields per hectare. As a result, there's a surge in demand for these grains as countries strive to boost their self-sufficiency in feed production. The demand for corn and wheat-based animal feed is bolstering in the region due to the presence of large livestock population and milk production. According to Food and Agriculture Organization, India is the world's largest milk producer, with 22 percent of global production, followed by the United States of America, China, Pakistan and Brazil. This factor creates lucrative opportunities in this region which ultimately contributes to the market growth of corn and wheat-based animal feed.

Asia Pacific Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)

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Asia Pacific Corn and Wheat-Based Feed Strategic Insights

Strategic insights for the Asia Pacific Corn and Wheat-Based 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.

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Asia Pacific Corn and Wheat-Based Feed Report Scope

Report Attribute Details
Market size in 2022 US$ 74,751.60 Million
Market Size by 2030 US$ 96,947.33 Million
Global CAGR (2022 - 2030) 3.3%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Product Type
  • Corn-Based
  • Wheat-Based
By Livestock
  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Agrana Beteiligungs AG
  • Archer Daniels Midland Company
  • Associated British Foods Plc
  • BENEO GmbH
  • International Nutritionals Ltd
  • Jungbunzlauer Suisse AG
  • Roquette Freres SA
    		•
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    Asia Pacific Corn and Wheat-Based Feed Regional Insights

    The geographic scope of the Asia Pacific Corn and Wheat-Based 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.

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    Asia Pacific Corn and Wheat-Based Feed Market Segmentation



    The Asia Pacific corn and wheat-based feed market is categorized into product type, livestock, and country.

    Based on product type, the Asia Pacific corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.

    In terms of livestock, the Asia Pacific corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest market share in 2022.

    By country, the Asia Pacific corn and wheat-based feed market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific corn and wheat-based feed market share in 2022.

    Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, Jungbunzlauer Suisse AG, and Roquette Freres SA are some of the leading companies operating in the Asia Pacific corn and wheat-based feed market.

    Identical Market Reports with other Region/Countries

    The List of Companies - Asia Pacific Corn and Wheat-Based Feed Market

    1. Agrana Beteiligungs AG

    2. Archer Daniels Midland Company

    3. Associated British Foods Plc

    4. BENEO GmbH

    5. International Nutritionals Ltd

    6. Jungbunzlauer Suisse AG

    7. Roquette Freres SA

    Frequently Asked Questions
    How big is the Asia Pacific Corn and Wheat-Based Feed Market?

    The Asia Pacific Corn and Wheat-Based Feed Market is valued at US$ 74,751.60 Million in 2022, it is projected to reach US$ 96,947.33 Million by 2030.

    What is the CAGR for Asia Pacific Corn and Wheat-Based Feed Market by (2022 - 2030)?

    As per our report Asia Pacific Corn and Wheat-Based Feed Market, the market size is valued at US$ 74,751.60 Million in 2022, projecting it to reach US$ 96,947.33 Million by 2030. This translates to a CAGR of approximately 3.3% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Corn and Wheat-Based Feed Market report typically cover these key segments-

    • Product Type (Corn-Based, Wheat-Based)
    • Livestock (Poultry, Ruminants, Swine, Aquaculture)

    What is the historic period, base year, and forecast period taken for Asia Pacific Corn and Wheat-Based Feed Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Corn and Wheat-Based Feed Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
    • Who are the major players in Asia Pacific Corn and Wheat-Based Feed Market?

    The Asia Pacific Corn and Wheat-Based Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Agrana Beteiligungs AG
  • Archer Daniels Midland Company
  • Associated British Foods Plc
  • BENEO GmbH
  • International Nutritionals Ltd
  • Jungbunzlauer Suisse AG
  • Roquette Freres SA
    • Who should buy this report?

    The Asia Pacific Corn and Wheat-Based Feed Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Corn and Wheat-Based Feed Market value chain can benefit from the information contained in a comprehensive market report.

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