Animal Feed Industry in Thailand Market’s Consumer Preferences: Trends and Analysis 2025-2033

Key Insights

The Thai animal feed market, valued at approximately 10.25 million USD in 2025, is projected to experience robust growth, driven by a rising domestic demand for animal protein and the expanding aquaculture sector. The Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033 indicates a steady increase in market size, reaching an estimated 15.2 million USD by 2033. This growth is fueled by several factors. Increasing consumer incomes are leading to higher protein consumption, boosting demand for meat and poultry. The government's support for sustainable aquaculture practices further stimulates the market. Technological advancements in feed formulations, focusing on improved nutritional value and cost-effectiveness, also contribute positively. While the market faces challenges like fluctuating raw material prices and potential environmental concerns related to intensive animal farming, these are likely to be offset by the overall positive growth drivers. The market segmentation, with prominent categories including ruminants, poultry, swine, and aquaculture, presents opportunities for specialized feed manufacturers. Key players like Charoen Pokphand Foods PCL and Betagro Public Company Limited, along with international players such as Cargill Inc and Alltech Inc., are strategically positioned to benefit from this expanding market. The competitive landscape is characterized by both domestic and international companies vying for market share, creating a dynamic environment.

The significant players in the Thai animal feed market are leveraging vertical integration strategies to ensure supply chain efficiency and control over raw material costs. This includes direct sourcing of ingredients, advanced feed processing facilities, and robust distribution networks. Innovation in feed formulations is crucial for gaining a competitive advantage, focusing on aspects like improved digestibility, enhanced nutrient utilization, and disease prevention. Sustainability is increasingly important, with manufacturers incorporating environmentally friendly practices and focusing on reducing their carbon footprint. The market's future trajectory hinges on consumer preferences shifting towards healthier and sustainably-produced animal protein, prompting manufacturers to adapt their product offerings accordingly. The government's role in regulating the industry and promoting sustainable practices will play a vital role in shaping the market's growth and development.

This comprehensive report provides an in-depth analysis of the Animal Feed Industry in Thailand, covering market dynamics, growth trends, key players, and future outlook from 2019 to 2033. The report utilizes a robust methodology, combining historical data (2019-2024), base year estimations (2025), and future projections (2025-2033) to deliver actionable insights for industry professionals. The analysis encompasses various animal types (ruminants, poultry, swine, aquaculture, others) and feed ingredients (cereals, cakes & meals, by-products, supplements), presenting a granular understanding of this dynamic market. This report is essential for investors, manufacturers, distributors, and anyone seeking to navigate the complexities of Thailand's animal feed sector.

Animal Feed Industry in Thailand Market Dynamics & Structure

Thailand's animal feed market is characterized by a moderately concentrated structure, with several large players holding significant market share. Market concentration is influenced by factors such as economies of scale in feed production and distribution, access to raw materials, and brand recognition. Technological innovation, particularly in feed formulation and precision feeding technologies, is driving efficiency and sustainability improvements. The regulatory framework, encompassing animal health and food safety regulations, plays a crucial role in shaping market dynamics. The presence of competitive product substitutes, such as alternative protein sources, is creating market challenges and opportunities. End-user demographics, including the growth of the middle class and changing dietary preferences, are also shaping market demand. Mergers and acquisitions (M&A) activity have increased consolidation within the sector, with larger companies acquiring smaller players to enhance their market position and expand their product portfolios.

• Market Concentration: The top 5 players hold approximately xx% of the market share in 2024.
• Technological Innovation: Adoption of precision feeding and automated systems is increasing at a CAGR of xx% from 2024 to 2033.
• Regulatory Framework: Stringent food safety regulations are driving demand for high-quality, traceable feed.
• M&A Activity: The number of M&A deals in the sector increased by xx% from 2020 to 2024, exceeding xx Million USD in value.
• Innovation Barriers: High capital investment requirements and limited access to advanced technologies hinder innovation for smaller players.

Animal Feed Industry in Thailand Growth Trends & Insights

The Thai animal feed market experienced robust growth between 2019 and 2024, driven by factors such as rising domestic animal protein consumption, increasing demand for livestock products from export markets, and government initiatives promoting livestock farming. The market size expanded from xx Million units in 2019 to xx Million units in 2024, registering a CAGR of xx%. This growth trajectory is expected to continue during the forecast period (2025-2033), albeit at a slightly moderated pace, with a projected CAGR of xx%. Technological disruptions, such as the adoption of precision feeding and data-driven farming practices, are expected to significantly influence market dynamics. Consumer behavior shifts towards increased demand for sustainably produced animal protein are creating opportunities for feed manufacturers committed to environmental responsibility. The increasing use of digital technologies in animal feed production and management enhances efficiency and transparency throughout the supply chain.

Dominant Regions, Countries, or Segments in Animal Feed Industry in Thailand

The poultry segment currently dominates the Thai animal feed market, representing approximately xx% of the total market volume in 2024, followed by swine (xx%), ruminants (xx%), and aquaculture (xx%). This dominance is primarily attributed to the high demand for poultry and pork products within Thailand and its growing export market. Key growth drivers for poultry feed include increasing consumption of chicken meat and eggs, driven by affordability and convenience. Similarly, the high demand for pork products fuels the growth of swine feed.

• Poultry: High domestic consumption and export demand are major growth drivers.
• Swine: Government support for swine farming and increasing pork consumption are significant factors.
• Cereals: The most widely used ingredient due to cost-effectiveness and availability.
• Supplements: Growing demand for enhanced nutritional value drives consumption.
• Regional Variations: Central and Eastern regions show higher market concentration due to higher livestock density.

The central and eastern regions of Thailand, characterized by higher livestock densities and advanced farming infrastructure, contribute significantly to the market's overall growth. These regions benefit from superior logistics networks, leading to smoother feed distribution. The government’s policies supporting agricultural development and food security also create a favorable environment for the animal feed industry.

Animal Feed Industry in Thailand Product Landscape

The Thai animal feed market offers a diverse range of products catering to different animal types and nutritional requirements. Innovations are focused on enhancing feed efficiency, improving animal health and productivity, and reducing environmental impact. These include specialized feed formulations containing prebiotics, probiotics, and other functional ingredients to optimize animal growth and immunity. The market also sees a growing demand for sustainable feed options, utilizing by-products from other industries to minimize waste and environmental impact.

Key Drivers, Barriers & Challenges in Animal Feed Industry in Thailand

Key Drivers:

• Rising domestic consumption of animal protein.
• Increased demand for animal products in export markets.
• Government initiatives supporting livestock farming.
• Technological advancements in feed formulation and production.

Challenges and Restraints:

• Fluctuations in raw material prices (e.g., corn and soybean meal), causing significant cost increases and profit margin reductions.
• The impact of disease outbreaks (e.g., African Swine Fever) on livestock production and feed demand (estimated impact of xx Million units in reduced feed sales in 2022).
• Intense competition amongst major players and the increasing entry of smaller companies.
• Increasing regulatory scrutiny of feed quality and safety.

Emerging Opportunities in Animal Feed Industry in Thailand

• Growing demand for organic and sustainably produced animal feed.
• Increased focus on improving animal welfare and reducing environmental impact.
• Opportunities in specialized feed formulations for specific animal breeds and production systems.
• Expansion into niche markets, such as pet food and specialty animal feeds.

Growth Accelerators in the Animal Feed Industry in Thailand Industry

Technological advancements such as precision feeding, data-driven farming, and the application of digital technologies are key drivers of growth. Strategic partnerships between feed manufacturers, technology providers, and agricultural businesses are fostering innovation and market expansion. Government initiatives promoting sustainable agriculture and investments in research and development contribute to a positive outlook.

Key Players Shaping 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

Notable Milestones in Animal Feed Industry in Thailand Sector

• September 2022: Cargill acquired a feed mill in Prachinburi, expanding poultry and swine feed production capacity by 72,000 metric tons annually.
• September 2022: CP Foods' Pakthongchai feed mill became Thailand's first carbon-neutral feed mill, showcasing environmental leadership.
• January 2022: Royal DSM and CPF partnered to improve the environmental footprint of animal protein production using DSM's Sustell service.

In-Depth Animal Feed Industry in Thailand Market Outlook

The Thai animal feed market is poised for continued growth, driven by increasing demand for animal protein, technological innovation, and supportive government policies. Strategic investments in sustainable feed production, precision feeding technologies, and digitalization will be critical for achieving long-term success. Opportunities exist in expanding into niche markets, developing innovative feed formulations, and strengthening supply chain resilience. The market will likely see continued consolidation through M&A activity, leading to a more concentrated industry landscape.

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