South Korea Animal Feed Market - Forecasts from 2019 to 2024
The South Korea animal feed market is expected to grow at a compound annual growth rate of 2.47% over the forecast period to reach US$5.096 billion in 2024 from US$4.403 billion in 2018. Increasing government regulation concerning food labeling and ingredient content is expected to drive the animal feed market in the country during the forecast period. Increasing consumption of beef and rising health consciousness is further anticipated to drive the growth of the market in the coming years. Furthermore, increasing poultry population in the country is considered as one of the prime drivers for the growth of the market. According to FAO stats, chicken production in Korea have increased from 1492 thousand in 2010 to 1701.470 thousand in 2017 which is further expected to increase in the coming years.
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 bottoms-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 South Korea 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 South Korea Animal feed market.
Major industry players profiled as part of the report are Cargill, Kemin Industries, Inc., Novus International, BASF SE, Novozymes and Royal Agrifirm Group among others.
Segmentation
The South Korea animal feed market has been analyzed through following segments:
By Type
Fodder
Forage
Compound Feed
By Livestock
Swine
Aquatic Animals
Cattle
Poultry
Others
By Raw Materials
Soya
Canola
Rendered Meal
By Production Systems
Integrated
Commercial mills
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 bottoms-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 South Korea 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 South Korea Animal feed market.
Major industry players profiled as part of the report are Cargill, Kemin Industries, Inc., Novus International, BASF SE, Novozymes and Royal Agrifirm Group among others.
Segmentation
The South Korea animal feed market has been analyzed through following segments:
By Type
Fodder
Forage
Compound Feed
By Livestock
Swine
Aquatic Animals
Cattle
Poultry
Others
By Raw Materials
Soya
Canola
Rendered Meal
By Production Systems
Integrated
Commercial mills
1. INTRODUCTION
1.1. MARKET OVERVIEW
1.2. MARKET DEFINITION
1.3. SCOPE OF THE STUDY
1.4. CURRENCY
1.5. ASSUMPTIONS
1.6. BASE, AND FORECAST YEARS TIMELINE
2. RESEARCH METHODOLOGY
2.1. RESEARCH DESIGN
2.2. SECONDARY SOURCES
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. MARKET SEGMENTATION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. PORTER’S FIVE FORCE ANALYSIS
4.5.1. BARGAINING POWER OF SUPPLIERS
4.5.2. BARGAINING POWER OF BUYERS
4.5.3. THREAT OF NEW ENTRANTS
4.5.4. THREAT OF SUBSTITUTES
4.5.5. COMPETITIVE RIVALRY IN THE INDUSTRY
4.6. LIFE CYCLE ANALYSIS - REGIONAL SNAPSHOT
4.7. MARKET ATTRACTIVENESS
5. SOUTH KOREA ANIMAL FEED MARKET BY TYPE
5.1. FODDER
5.2. FORAGE
5.3. COMPOUND FEED
6. SOUTH KOREA ANIMAL FEED MARKET BY LIVESTOCKS
6.1. SWINE
6.2. AQUATIC ANIMALS
6.3. CATTLE
6.4. POULTRY
6.5. OTHERS
7. SOUTH KOREA ANIMAL FEED MARKET BY RAW MATERIAL
7.1. SOYA
7.2. CANOLA
7.3. RENDERED MEAL
8. SOUTH KOREA ANIMAL FEED MARKET BY PRODUCTION SYSTEMS
8.1. INTEGRATED
8.2. COMMERCIAL MILLS
9. COMPETITIVE INTELLIGENCE
9.1. COMPANIES BENCH MARKING ANALYSIS
9.2. RECENT INVESTMENT AND DEALS
9.3. STRATEGIES OF KEY PLAYERS
10. COMPANY PROFILES
10.1. CARGILL
10.2. KEMIN INDUSTRIES, INC.
10.3. NOVUS INTERNATIONAL
10.4. BASF SE
10.5. NOVOZYMES
10.6. ROYAL AGRIFIRM GROUP
10.7. J.R. SIMPLOT COMPANY
10.8. ARCHER DANIELS MIDLAND COMPANY
10.9. ROYAL DSM N.V.
LIST OF FIGURES
LIST OF TABLES
1.1. MARKET OVERVIEW
1.2. MARKET DEFINITION
1.3. SCOPE OF THE STUDY
1.4. CURRENCY
1.5. ASSUMPTIONS
1.6. BASE, AND FORECAST YEARS TIMELINE
2. RESEARCH METHODOLOGY
2.1. RESEARCH DESIGN
2.2. SECONDARY SOURCES
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. MARKET SEGMENTATION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. PORTER’S FIVE FORCE ANALYSIS
4.5.1. BARGAINING POWER OF SUPPLIERS
4.5.2. BARGAINING POWER OF BUYERS
4.5.3. THREAT OF NEW ENTRANTS
4.5.4. THREAT OF SUBSTITUTES
4.5.5. COMPETITIVE RIVALRY IN THE INDUSTRY
4.6. LIFE CYCLE ANALYSIS - REGIONAL SNAPSHOT
4.7. MARKET ATTRACTIVENESS
5. SOUTH KOREA ANIMAL FEED MARKET BY TYPE
5.1. FODDER
5.2. FORAGE
5.3. COMPOUND FEED
6. SOUTH KOREA ANIMAL FEED MARKET BY LIVESTOCKS
6.1. SWINE
6.2. AQUATIC ANIMALS
6.3. CATTLE
6.4. POULTRY
6.5. OTHERS
7. SOUTH KOREA ANIMAL FEED MARKET BY RAW MATERIAL
7.1. SOYA
7.2. CANOLA
7.3. RENDERED MEAL
8. SOUTH KOREA ANIMAL FEED MARKET BY PRODUCTION SYSTEMS
8.1. INTEGRATED
8.2. COMMERCIAL MILLS
9. COMPETITIVE INTELLIGENCE
9.1. COMPANIES BENCH MARKING ANALYSIS
9.2. RECENT INVESTMENT AND DEALS
9.3. STRATEGIES OF KEY PLAYERS
10. COMPANY PROFILES
10.1. CARGILL
10.2. KEMIN INDUSTRIES, INC.
10.3. NOVUS INTERNATIONAL
10.4. BASF SE
10.5. NOVOZYMES
10.6. ROYAL AGRIFIRM GROUP
10.7. J.R. SIMPLOT COMPANY
10.8. ARCHER DANIELS MIDLAND COMPANY
10.9. ROYAL DSM N.V.
LIST OF FIGURES
LIST OF TABLES
