The market for preparations used in animal feeding in Asia continues to show a steady upward trend, driven by sustained demand across livestock and aquaculture sectors. In 2024, the total consumption of these feed preparations in Asia reached 419 million tons, with a market value of approximately $678.2 billion. 📈 Growth Forecast (2024–2035)
Expected to grow at a CAGR of +1.1%, reaching around 474 million tons by 2035. 💰 Value: Forecasted to expand at a CAGR of +1.8%, hitting about $824.6 billion by 2035.
These figures point to continuing demand for feed preparations across major markets in Asia. China remains the dominant producer and consumer in the region, accounting for over one‑third of production and consumption volume.
🌏 Other notable markets with high per‑capita consumption include South Korea, Vietnam, and Japan — each exceeding 180 kg per person. 📦 Trade flows are significant: several countries serve as key importers (e.g., Japan, South Korea, the Philippines), while top exporters include China, Thailand, and Turkey.
The Asia region’s feed preparations market is broadly self‑sufficient, though intra‑regional trade plays an important role in balancing supply and demand. Price disparities between import and domestic feed products reflect differences in production costs, logistics, and regulatory environments across countries
