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China Compound Feed Market - Growth Trends and Forecasts (2020 - 2025)

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  • 120 Pages
  • June 2020
  • Region: China
  • Mordor Intelligence
  • ID: 5119179
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.

Key Market Trends

Growing Inclination Towards Meat and Animal Protein

Growing demand for processed meat and protein diet due to a rise in household income levels would continue to drive the demand for animal feed from various livestock and poultry farms. According to the Organisation for Economic Co-operation and Development (OECD), in 2019 per capita pork meat consumption decreased to 29.3 Kg which was 31.2 in 2016. On the other hand, the per capita poultry meat consumption is rising annually. In 2016 poultry meat consumption was 11.6Kg which increased to 12.1Kg in 2019. There was significant migration from rural economies to urban centers, and central government agribusiness reforms were encouraging larger farms to replace traditional farming. According to the Food and Agriculture Organisation (FAO), in 2016 the poultry bird population was 6339.2 million which increased to 6384.5 million in 2018. The shift in livestock production and rising meat consumption will create demand for compound feed for animals during the forecast period.

Commercial Production Paving Way For Higher Export

Livestock production became more commercialized in the country and produces are more willing to pay for commercially mixed feeds compared to backyard producers. China’s feed industry has become more diverse, while privately-owned companies are leading the way. The continuing rise in the production cost of feed is making the companies to increase focus on enhancing their efficiency in feed production. According to the Alltech feed survey, in 2019, China is one of the largest producers of compound feed in the world, with the production of around 168 million metric tons of which poultry is the largest sector accounting for nearly 90.5 million metric tons. Increasing feed production has created an attractive export opportunity in the feed segment. According to the ITC Trade, in 2016 the feed exports accounted for USD 999.9million which increased to USD 1,097.3 million in 2019. Viet Nam, Netherlands, and Indonesia are some of the export destinations for the Chinese feed with a share of 14.5%, 11.5% and7.7% respectively.

Competitive Landscape

The China compound feed market is fragmented. Leading companies focused on acquiring feed mills and small manufacturing for expansion of the business in local as well as foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants.

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.

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Table of Contents

1.1 Study Assumptions & Market definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Animal Type
5.1.1 Ruminants
5.1.2 Poultry
5.1.3 Swine
5.1.4 Aquaculture
5.1.5 Other Animal Types
5.2 Ingredient
5.2.1 Cereals
5.2.2 Cakes & Meals
5.2.3 By-products
5.2.4 Supplements
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 Alltech Inc.
6.3.3 New Hope Group
6.3.4 ForFarmer N.V.
6.3.5 Land O Lakes Purina
6.3.6 Archer Daniels Midland
6.3.7 Charoen Pokphand Foods PCL
6.3.8 Kyodo Shiryo Company
6.3.9 Wens Group
6.3.10 Zheng DA International Group
6.3.11 DeKalb Feeds
6.3.12 Nutreco NV

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cargill Inc.
  • Alltech Inc.
  • New Hope Group
  • ForFarmer N.V.
  • Land O Lakes Purina
  • Archer Daniels Midland
  • Charoen Pokphand Foods PCL
  • Kyodo Shiryo Company
  • Wens Group
  • Zheng DA International Group
  • DeKalb Feeds
  • Nutreco NV