Indonesia Animal Feed Market Size And Forecast to 2027 | ADM, BASF SE, PT Cargill Indonesia, IT CJ INDONESIA
The latest research study “Indonesia Animal Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Indonesia animal feed market is expected to exhibit a CAGR of around 5% during 2022-2027.
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Industry Definition and Application:
Animal feed represents the food given to domestic animals, especially livestock, in the course of animal husbandry. It includes semi-processed and raw products utilized for the consumption of livestock and poultry. These products are generally prepared by blending numerous ingredients with high nutritional content, including silage, sprouted grains, hay, straw, oils, legumes, etc. Animal feed is enriched with proteins, carbohydrates, fibers, minerals, enzymes, acidifiers, etc., which aid in enhancing animal growth and help in improving the quality of animal-derived products, such as milk, meat, or eggs. Some of the common feed variants include poultry feed, cattle feed, aquafeed, etc.
Indonesia Animal Feed Market Trends and Drivers:
The rising consumption of animal-based items, which has led to the expansion of the livestock and poultry sectors, is among the key factors stimulating the Indonesia animal feed market. Apart from this, the inflating shift in consumer preferences from a high-calorie, carb-based diet towards protein-rich alternatives, such as milk, egg, seafood, and meat, is further propelling the market across the country. Besides this, the increasing adoption of high-quality feed additives in reducing disease outbreaks in cattle and enhancing the nutritional value of end-products is acting as another significant growth-inducing factor. Additionally, the launch of several innovative policies by the Indonesian Feedmills Association for quantitative and qualitative improvement in livestock production systems is also fueling the market growth. Furthermore, the growing utilization of algae-based components, mainly spirulina and chlorella, in feed for boosting the immune system and reducing health risks in animals is driving the market across Indonesia. Moreover, the expanding change in consumer inclination from conventional poultry products, which usually consist of antibiotics, GMOs, chemical additives, etc., towards organic variants is expected to positively influence the Indonesia animal feed market over the forecasted period.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Animal Type:
• Swine
o Starter
o Finisher
o Grower
• Ruminants
o Calves
o Dairy Cattle
o Beef Cattle
o Others
• Poultry
o Broilers
o Layers
o Turkeys
o Others
• Aquaculture
o Carps
o Crustaceans
o Mackeral
o Milkfish
o Mollusks
o Salmon
o Others
• Others
Breakup by Form:
• Pellets
• Crumbles
• Mash
• Others
Breakup by Ingredient:
• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
o Antibiotics
o Vitamins
o Antioxidants
o Amino Acids
o Feed Enzymes
o Feed Acidifiers
o Others
• Others
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List of Major Key Players:
The major players in the market 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.
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