China Compound Feed Market Size (2024 - 2029)

The China compound feed market is experiencing growth driven by increased meat consumption and the rising demand for milk and dairy products. This demand has spurred a shift towards industrial livestock production, necessitating the commercial production of animal feed. As a result, the market size for compound feed is expanding, supported by the growth in livestock production to meet consumer needs. This trend is further evidenced by the increase in animal feed exports from China, reflecting the country's capacity to cater to both domestic and international markets.

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Market Size of China Compound Feed Industry

feed market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.70 %

Major Players

China Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Compound Feed Market Analysis

The China compound feed market is projected to register a CAGR of 3.7% during the forecast period. Rising meat consumption coupled with the growing demand for milk and dairy products is driving the Chinese animal feed market. Rising meat consumption and a shift in industrial livestock production have led to the commercial production of animal feed to meet the demand eventually leading to higher export from the country. According to the ITC Trade in 2018 the export of animal feed amounted to 1.19 million metric tons which increased to 1.28 million metric tons in 2019. Growing livestock production to meet the demand is, in turn, driving the market for compound feed. Some of the major companies operating in the market Cargill Inc, C.P. Pokphand Co. Ltd., Archer Daniels Midland, Nutreco NV, Alltech Inc., New Hope Group, Purina Animal Nutrition LLC.

China 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. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
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China Compound Feed Market Size Summary

The China compound feed market is experiencing steady growth, driven by increasing meat consumption and a rising demand for milk and dairy products. This demand has spurred the commercial production of animal feed, which is essential to support the expanding livestock industry. The shift towards industrial livestock production and the migration from rural to urban areas have further contributed to the market's expansion. As household incomes rise, there is a growing preference for processed meat and protein-rich diets, which in turn fuels the demand for animal feed across various livestock and poultry farms. The market is characterized by a diverse range of privately-owned companies, with major players like Cargill Inc, C.P. Pokphand Co. Ltd., and Archer Daniels Midland leading the charge in feed production and innovation.

The compound feed industry in China is becoming increasingly commercialized, with producers opting for commercially mixed feeds over traditional backyard production. This shift has created significant export opportunities, with China being one of the largest producers of compound feed globally. The poultry sector dominates feed production, accounting for a substantial portion of the total output. As production costs rise, companies are focusing on enhancing efficiency and expanding their production capacities to meet both domestic and international demand. The market remains fragmented, with leading companies actively pursuing acquisitions and mergers to expand their geographical presence and increase production capabilities.

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China 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 Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      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 Ruminants

      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 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

China Compound Feed Market Size FAQs

The China Compound Feed Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)

Cargill Inc, C.P. Pokphand Co. Ltd. , Purina Animal Nutrition LLC., ADM and New Hope Group are the major companies operating in the China Compound Feed Market.

China Compound Feed Report Snapshots

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