Key Insights

The Thai animal feed market, valued at 10.25 million USD in 2025, is projected to experience steady growth, driven by a robust livestock and aquaculture sector. A compound annual growth rate (CAGR) of 4.50% from 2025 to 2033 indicates a promising outlook. Key drivers include rising domestic meat consumption, increasing demand for high-quality animal protein, and government initiatives promoting sustainable agricultural practices. Growth is further fueled by the diversification of animal feed ingredients, with a notable increase in the use of cereals, cakes and meals, and specialized supplements tailored to optimize animal health and productivity. While precise figures for each segment are unavailable, it's reasonable to assume that ruminant feed (cattle, buffalo) currently holds the largest market share, followed by poultry and swine, with aquaculture and other animal types contributing a smaller, though growing, percentage. Major players like Charoen Pokphand Foods PCL and Betagro Public Company Limited dominate the market, benefiting from established distribution networks and strong brand recognition. However, the market also features a number of smaller, regional companies competing intensely on price and product differentiation.

Challenges facing the industry include fluctuations in raw material prices (especially grains), increasing environmental concerns related to animal waste management, and the potential impact of future disease outbreaks. To mitigate these risks, companies are investing in research and development to create more sustainable and efficient feed formulations, exploring alternative protein sources, and improving farm management practices. The forecast period (2025-2033) anticipates continued market expansion, although the exact growth trajectory will depend on various economic and environmental factors. The increased focus on food safety and animal welfare regulations also presents both opportunities and challenges for the industry. Companies that can adapt and innovate in these areas will be best positioned for long-term success.

Animal Feed Industry in Thailand: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the Animal Feed Industry in Thailand, covering market structure, dynamics, key players, and future outlook from 2019 to 2033. Leveraging extensive data and expert insights, this report is an invaluable resource for industry professionals, investors, and stakeholders seeking to understand and navigate this dynamic market. The report utilizes a base year of 2025 and forecasts market trends until 2033, incorporating historical data from 2019-2024. Expect detailed analysis across key segments, including ruminants, poultry, swine, aquaculture, and other animal types, with ingredient breakdowns of cereals, cakes & meals, by-products, and supplements. Discover valuable insights into market share, M&A activities, and emerging trends shaping the future of Thailand's animal feed sector. The report projects a market size of xx Million in 2025, with a CAGR of xx% from 2025 to 2033.

Animal Feed Industry in Thailand Market Structure & Innovation Trends

Thailand's animal feed market is characterized by a mix of large multinational corporations and domestic players. Market concentration is moderate, with several key players holding significant market share. For example, Charoen Pokphand Foods PCL and Betagro Public Company Limited are leading players, together commanding an estimated xx% of the market in 2025. Innovation is driven by increasing demand for sustainable and efficient feed solutions, coupled with government regulations promoting animal welfare and environmental sustainability. Regulatory frameworks, including feed quality standards and environmental regulations, significantly impact industry operations. Product substitutes, such as alternative protein sources, present both challenges and opportunities. The M&A landscape reveals a trend toward consolidation, with recent deals, such as Cargill's acquisition of a feed mill in 2022, enhancing production capacity and market reach. The estimated value of M&A deals in the sector from 2019 to 2024 totaled xx Million.

• Market Concentration: Moderate, with top 5 players holding xx% market share (2025).
• Innovation Drivers: Sustainability, efficiency, regulatory compliance.
• Regulatory Frameworks: Stringent feed quality and environmental standards.
• Product Substitutes: Growing interest in alternative protein sources.
• M&A Activity: Consolidation trend with significant deal values.

Animal Feed Industry in Thailand Market Dynamics & Trends

The Thai animal feed market exhibits robust growth, driven by factors such as rising domestic consumption of animal protein, increasing livestock production, and government support for the agricultural sector. Technological advancements in feed formulation and processing contribute to efficiency gains. Consumer preferences for healthier and more sustainably produced animal products influence the demand for specific feed ingredients and production methods. Competitive dynamics are shaped by price competition, product differentiation, and brand loyalty. The market is expected to witness significant growth in the coming years, with a projected CAGR of xx% during the forecast period (2025-2033). Market penetration of premium feed products with enhanced nutritional value and sustainability features is steadily increasing, driven by higher consumer spending and awareness.

Dominant Regions & Segments in Animal Feed Industry in Thailand

The central and eastern regions of Thailand dominate the animal feed market due to high livestock density and proximity to major processing facilities. Within animal types, poultry feed holds the largest market share, followed by swine and aquaculture. The dominance is primarily driven by strong consumer demand for poultry products and the efficiency of poultry farming.

Key Drivers:

• Poultry: High consumer demand, efficient farming practices, and government support.
• Swine: Growing domestic consumption and rising export demand.
• Aquaculture: Expanding aquaculture industry and increasing seafood consumption.

Ingredient Dominance:

• Cereals: Maize and rice by-products are the most widely used due to cost-effectiveness and availability.
• Cakes and Meals: Soybean meal is a significant protein source, while other oilseed meals play a supportive role.
• By-products: Utilization of by-products from agricultural processing minimizes waste and cost.
• Supplements: Vitamins, minerals, and amino acids are added to ensure optimal animal health and productivity.

Animal Feed Industry in Thailand Product Innovations

Recent product innovations focus on enhancing feed efficiency, improving animal health, and minimizing environmental impact. This includes the development of functional feed additives that promote gut health and disease resistance, as well as the use of sustainable and locally sourced ingredients. Technological advancements, such as precision feeding technologies and data analytics, are improving feed formulation and reducing waste. These innovations cater to increasing consumer demand for safe, healthy, and sustainably produced animal products.

Report Scope & Segmentation Analysis

This report provides a detailed segmentation analysis of the Thai animal feed market based on animal type (ruminants, poultry, swine, aquaculture, other animal types) and feed ingredients (cereals, cakes and meals, by-products, supplements). Each segment's growth projections, market sizes, and competitive dynamics are analyzed. For instance, the poultry feed segment is expected to show significant growth due to rising domestic consumption, while the aquaculture segment is driven by the growth of the shrimp farming industry. The market for feed supplements is expected to experience substantial growth due to increasing focus on animal health and productivity.

Key Drivers of Animal Feed Industry in Thailand Growth

Several key factors are driving the growth of the Thai animal feed industry. These include rising domestic consumption of animal protein, driven by population growth and increasing disposable incomes. Technological advancements in feed production and processing lead to improved efficiency and cost reduction. Government policies supporting the livestock and aquaculture sectors, along with the development of improved infrastructure, are fostering industry expansion.

Challenges in the Animal Feed Industry in Thailand Sector

The Thai animal feed industry faces several challenges. Fluctuations in raw material prices can impact production costs and profitability. Competition from other regional markets requires maintaining cost competitiveness and product quality. Ensuring feed safety and quality through robust regulatory compliance adds complexity to operations. Supply chain disruptions due to global events can impact feed availability and potentially affect production.

Emerging Opportunities in Animal Feed Industry in Thailand

The growth of the organic and sustainable food market presents opportunities for animal feed producers to develop and market specialized products that meet consumer demands for eco-friendly and ethically sourced animal products. Technological advancements, such as precision feeding and data analytics, can be leveraged to enhance efficiency and profitability. The development of innovative feed formulations that improve animal health and productivity will be crucial for sustaining competitiveness. Expansion into new export markets will create further opportunities for growth.

Leading Players in the Animal Feed Industry in Thailand Market

• Farm Chokchai
• Thai Luxe Enterprises PCL
• Sun Feed Co Ltd
• INTEQC Feed Co Ltd
• Charoen Pokphand Foods PCL
• Laemthong Corporation Group
• S P M FEED MILL COMPANY LIMITED
• Alltech Inc
• Cargill Inc
• Betagro Public Company Limited
• Thai Union Group Public Company Limited

Key Developments in Animal Feed Industry in Thailand Industry

• September 2022: Cargill acquired a feed mill in Prachinburi, expanding its poultry and swine feed production capacity by 72,000 metric tons annually.
• September 2022: Charoen Pokphand Foods' Pakthongchai feed mill achieved carbon-neutral certification, setting a benchmark for sustainability.
• January 2022: Royal DSM and CPF partnered to measure and improve the environmental footprint of animal protein production.

Future Outlook for Animal Feed Industry in Thailand Market

The Thai animal feed market is poised for continued growth, driven by sustained domestic demand for animal protein, technological innovation, and supportive government policies. Strategic investments in sustainable and efficient feed production, coupled with expansion into new markets and product diversification, will be key to success in this competitive landscape. The focus on sustainability and traceability will be a defining factor in shaping future market trends.

Animal Feed Industry in Thailand Segmentation

• 1. Animal Type
  • 1.1. Ruminants
  • 1.2. Poultry
  • 1.3. Swine
  • 1.4. Aquaculture
  • 1.5. Other Animal Types
• 2. Ingredient
  • 2.1. Cereals
  • 2.2. Cakes and Meals
  • 2.3. By-products
  • 2.4. Supplements

Animal Feed Industry in Thailand Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific