Thailand Animal Feed Market - Forecasts from 2020 to 2025
The Thailand Animal feed market is expected to grow at a compound annual growth rate of 3.18% over the forecast period to reach a market size of US$8.702 billion in 2025 from US$7.210 billion in 2019. During the marketing year, 2020/21 feed wheat imports are possibly to continue an upward trend in line with growing livestock production as domestic corn production is still insufficient. In comparison with 2019/20 rice consumption is likely to decline by marginally mainly due to reduced broken rice demand for use in swine feed. Despite the estimated increase in corn production to a record 5.6 million metric tons (MMT), which is a 25% increase from 2019/20, the domestic corn production is still insufficient for the growing demand for feed from poultry and swine sectors (Source: USDA). Feed mills and farmers still rely on imported corn from neighboring countries and other animal feeds such as feed wheat and distiller’s dried grain with soluble (DDGS). Further, feed wheat imports during 2020/21 are expected to increase to 1.8 MMT, up 13 % from MY2019/20 due to growing demand for feed from broiler and swine sectors. Besides, farmers are also expected to scale down swine production in 2020 to prevent outbreaks of African Swine Fever (AFS). Further, the Thai Feed Mill Association (TFA) expects swine production is expected to decline by in 2020.
Form the perspectives of livestock the Thai broiler industry turned profitable in 2019 due to increased prices for all product chains (i.e. chicken meat, live broilers, and day-old chicks), After facing losses across the board in 2018. Broiler growers are also enjoying reduced production costs in 2019. According to the FAO and USDA, Thai broiler meat production is expected to be to the tune of 3.23 MMT in 2020, 6% growth from the 2019 level, due to anticipated growth in export and domestic demand. Meanwhile, domestic consumption of chicken meat (broiler meat and other non-broiler chicken meat) is expected to grow significantly in coming years. Also, based on an anticipated continued growth in exports to Japan and other non-EU markets such as China, South Korea, and the Association of Southeast Asian Nations (ASEAN) the market is anticipated to witness substantial growth over the forecast period. Further, as far as the livestock producing entities are concerned, in June 2019, the Tyson Foods, Inc., a U.S.-based company, had reportedly acquired Thai and European poultry businesses from BRF S.A., including four poultry production facilities in Thailand with a total processing capacity of about 90 million broiler birds per annum [Source: USDA]. The aforementioned aspects are favorable for and conducive to the healthy growth of Thailand Animal Feed Market during the forecast period.
Segmentation
Form the perspectives of livestock the Thai broiler industry turned profitable in 2019 due to increased prices for all product chains (i.e. chicken meat, live broilers, and day-old chicks), After facing losses across the board in 2018. Broiler growers are also enjoying reduced production costs in 2019. According to the FAO and USDA, Thai broiler meat production is expected to be to the tune of 3.23 MMT in 2020, 6% growth from the 2019 level, due to anticipated growth in export and domestic demand. Meanwhile, domestic consumption of chicken meat (broiler meat and other non-broiler chicken meat) is expected to grow significantly in coming years. Also, based on an anticipated continued growth in exports to Japan and other non-EU markets such as China, South Korea, and the Association of Southeast Asian Nations (ASEAN) the market is anticipated to witness substantial growth over the forecast period. Further, as far as the livestock producing entities are concerned, in June 2019, the Tyson Foods, Inc., a U.S.-based company, had reportedly acquired Thai and European poultry businesses from BRF S.A., including four poultry production facilities in Thailand with a total processing capacity of about 90 million broiler birds per annum [Source: USDA]. The aforementioned aspects are favorable for and conducive to the healthy growth of Thailand Animal Feed Market during the forecast period.
Segmentation
- By Type
- Fodder
- Forage
- Compound Feed
- By Livestock
- Swine
- Aquatic Animals
- Cattle
- Poultry
- Others
- By Source
- Organic
- Conventional
- By Production Systems
- Integrated
- Commercial mills
- By Form
- Liquid
- Dry
- By Raw Material
- Cereals & grains
- Wheat
- Maize
- Barley
- Oilseeds
- Soybean
- Rapeseed
- Others
- Pulses
- Others
1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. THAILAND ANIMAL FEED MARKET, BY TYPE
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed
6. THAILAND ANIMAL FEED MARKET, BY LIVESTOCK
6.1. Introduction
6.2. Aquatic Animals
6.3. Cattle
6.4. Poultry
6.5. Others
7. THAILAND ANIMAL FEED MARKET, BY FORM
7.1. Introduction
7.2. Liquid
7.3. Dry
8. THAILAND ANIMAL FEED MARKET, BY PRODUCTION SYSTEMS
8.1. Introduction
8.2. Integrated
8.3. Commercial Mills
9. THAILAND ANIMAL FEED MARKET, BY SOURCE
9.1. Introduction
9.2. Organic
9.3. Conventional
10. THAILAND ANIMAL FEED MARKET, BY RAW MATERIALS
10.1. Introduction
10.2. Cereals & grains
10.2.1. Wheat
10.2.2. Maize
10.2.3. Barley
10.3. Oilseeds
10.3.1. Soybean
10.3.2. Rapeseed
10.3.3. Others
10.4. Pulses
10.5. Others
11. COMPETITIVE ENVIRONMENT AND ANALYSIS
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
12. COMPANY PROFILES
12.1. East Hope Group
12.2. Kemin Industries, Inc
12.3. Novus International
12.4. BASF SE
12.5. Novozymes
12.6. Simplot Company
12.7. Archer Daniels Midland Company
12.8. Royal DSM N.V.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. THAILAND ANIMAL FEED MARKET, BY TYPE
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed
6. THAILAND ANIMAL FEED MARKET, BY LIVESTOCK
6.1. Introduction
6.2. Aquatic Animals
6.3. Cattle
6.4. Poultry
6.5. Others
7. THAILAND ANIMAL FEED MARKET, BY FORM
7.1. Introduction
7.2. Liquid
7.3. Dry
8. THAILAND ANIMAL FEED MARKET, BY PRODUCTION SYSTEMS
8.1. Introduction
8.2. Integrated
8.3. Commercial Mills
9. THAILAND ANIMAL FEED MARKET, BY SOURCE
9.1. Introduction
9.2. Organic
9.3. Conventional
10. THAILAND ANIMAL FEED MARKET, BY RAW MATERIALS
10.1. Introduction
10.2. Cereals & grains
10.2.1. Wheat
10.2.2. Maize
10.2.3. Barley
10.3. Oilseeds
10.3.1. Soybean
10.3.2. Rapeseed
10.3.3. Others
10.4. Pulses
10.5. Others
11. COMPETITIVE ENVIRONMENT AND ANALYSIS
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
12. COMPANY PROFILES
12.1. East Hope Group
12.2. Kemin Industries, Inc
12.3. Novus International
12.4. BASF SE
12.5. Novozymes
12.6. Simplot Company
12.7. Archer Daniels Midland Company
12.8. Royal DSM N.V.
