Indonesia Animal Feed Market Size, Share, Growth 2023-2028
Indonesia Animal Feed Market Overview 2023-2028
The Indonesia animal feed market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
The growing need for protein-rich food sources represents one of the crucial factors impelling the growth of the market in Indonesia. Besides this, the rising consumption of meat and dairy products is contributing to the market growth. This need for high-quality livestock products encourages farmers to focus on the nutritional value of animal feed, as it directly impacts the quality of the end products. Farmers are also focusing on investing in various customized feed formulations, which help in targeting various specific health concerns of animals.
Increasing preference for organic and natural feed ingredients is another key factor driving the animal feed market in Indonesia. This is fueled by the growing awareness among the masses about the health and environmental and ethical implications of feed ingredients. The rising shift towards organic and sustainable farming practices is driving the demand for feed products that are free from synthetic additives, genetically modified organisms (GMOs), and antibiotics. This shift is also encouraging feed manufacturers to invest in sourcing natural ingredients and developing organic feed products that meet these new consumer preferences. Additionally, the demand for organic feed is not only seen in livestock farming but also the aquaculture and pet food sectors, indicating a comprehensive shift towards more natural and sustainable practices in animal nutrition.
The adoption of modern feed production techniques is significantly improving the efficiency and quality of animal feed. These advancements include the development of new feed formulations that provide balanced nutrition, the use of feed additives to improve animal health and growth rates, and the implementation of automated systems for feed processing and distribution. The integration of technology in feed production enhances the nutritional content of the feed and reduces the cost of production, making it more affordable for farmers. Additionally, the use of data analytics and artificial intelligence (AI) in predicting the nutritional requirements of animals and in optimizing feed composition is leading to more personalized and effective feed solutions.
Request a Sample Report:- https://www.imarcgroup.com/indonesia-animal-feed-market/requestsample
Indonesia Animal Feed Market Trends and Drivers:
The rising shift towards specialized and customized feed solutions, driven by a deeper understanding of different nutritional requirements across various animal species, breeds, and life stages, is contributing to the growth of the market. This is encouraging producers to offer a wider range of feed products specifically formulated for different purposes, such as enhancing growth rates, improving reproductive health, or increasing disease resistance.
The growing demand for high-quality aquafeed is driving innovations in feed formulations that promote better growth, disease resistance, and feed conversion rates in aquatic species. The development of sustainable and eco-friendly aquafeeds, which reduce the ecological impact of aquaculture is bolstering the market growth.
Indonesia Animal Feed Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ADM, BASF SE, PT Cargill Indonesia, IT CJ INDONESIA, Louis Dreyfus Company, PT Central Proteina Prima Tbk (CP Prima), PT Charoen Pokphand Indonesia, Tbk, PT Japfa Comfeed Indonesia Tbk, PT Malindo Feedmill Tbk, and PT Sreeya Sewu Indonesia Tbk.
The report segmented the market on the basis of region, animal type, form and ingredient.
Breakup by Animal Type:
- Swine
- Starter
- Finisher
- Grower
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Turkeys
- Others
- Aquaculture
- Carps
- Crustaceans
- Mackeral
- Milkfish
- Mollusks
- Salmon
- Others
- Others
Breakup by Form:
- Pellets
- Crumbles
- Mash
- Others
Breakup by Ingredient:
- Cereals
- Oilseed Meal
- Molasses
- Fish Oil and Fish Meal
- Additives
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Feed Enzymes
- Feed Acidifiers
- Others
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800