Australia Compound Feed Market Size (2024 - 2029)

The Australian compound feed market is experiencing growth driven by the rising demand for meat and aquaculture products, alongside increased awareness of quality meat and milk products. This growth is supported by heightened livestock production and the expansion of animal feed production facilities across the country. The surge in meat consumption, particularly protein-rich foods, is further propelling the market. Additionally, the significant increase in meat exports, particularly to countries like China, the United States, Japan, and the Republic of Korea, underscores the growing market size of compound feed in Australia.

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Market Size of Australia Compound Feed Industry

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Australia Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.20 %
Market Concentration High

Major Players

Australia Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Australia Compound Feed Market Analysis

The Australian compound feed market is projected to register a CAGR of 4.2% during the forecast period.

  • The growing demand for meat and aquaculture products is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and increased livestock production augment the market's growth.
  • According to Alltech Feed Survey 2021, animal feed production in Australia majorly comes from more than 160 mills in the country. The rate of meat consumption has increased in Australia due to the increasing awareness and consumption of protein-rich healthy food. These factors are expected to drive the compound feed market during the forecast period.
  • The meat export from the country has been rising significantly due to the rising demand for compound feed. According to ITC Trademap data, in terms of value, meat exports in 2021 have witnessed a growth of 10% as compared to the year 2018. The increased demand for meat in countries, especially China, the United States, Japan, and the Republic of Korea, is expected to grow meat production in Australia.

Australia 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.

The Australian compound feed market is segmented by animal type ( ruminants, poultry, swine, aquaculture, and others) and by ingredients (cereal, cakes & meals, by-products, and supplements).

The report offers market estimation and forecasts in value (USD million) and volume (metric ton) for the above-mentioned segments.

Animal Type
Ruminant
Poultry
Swine
Aquaculture
Other Animal Types
Ingredients
Cereals
Cakes & Meals
By-products
Supplements
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Australia Compound Feed Market Size Summary

The Australian compound feed market is experiencing growth driven by the increasing demand for meat and aquaculture products. This demand is fueled by a heightened awareness of quality meat and milk products, alongside a rise in livestock production. The market is supported by over 160 mills across the country, with a significant portion of feed production catering to the growing meat consumption, particularly protein-rich foods. The export of meat has seen a notable increase, driven by the rising demand for compound feed, especially from countries like China, the United States, Japan, and the Republic of Korea. This trend is expected to continue, further boosting meat production in Australia.

The consumption of poultry has surged, making it the most consumed animal protein in Australia, surpassing beef, lamb, and hog. This rise in poultry consumption has strengthened downstream demand and enhanced industry revenue, despite fluctuating retail prices of substitute products. The demand for leaner protein sources, such as poultry, has been bolstered by increasing health consciousness and rising life expectancy. Additionally, the seafood demand in Australia has grown significantly, with domestic aquaculture poised for expansion to meet both domestic and international needs. The compound feed market in Australia is consolidated, with major players like Charoen Pokphand Foods, Cargill Inc., Alltech Inc., Archer Daniels Midland, and Land O Lakes (Purina) employing strategies such as mergers, acquisitions, and partnerships to strengthen their market position.

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Australia 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 Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      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 Ruminant

      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 Ingredients

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

Australia Compound Feed Market Size FAQs

The Australia Compound Feed Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)

Charoen Pokphand Foods, Cargill Inc., Alltech Inc., Archer Daniels Midland and Land O Lakes (Purina) are the major companies operating in the Australia Compound Feed Market.

Australia Compound Feeds Market Report Snapshots

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