Australian Compound Feed Market - Growth, Trends and Forecasts (2020 - 2025)

The Australia Compound Feed Market is segmented by animal type into ruminants, poultry, swine, aquaculture, and others, by ingredients into cereal, cakes & meals, by-products, and supplements. The supplement segment is further segmented into vitamins, amino acids, enzymes, acidifiers, probiotics and prebiotics, and other supplements.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

4.2 %

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Market Overview

The Australia Compound Feed Market is projected to grow at a CAGR of 4.2% during the forecast period (2020-2025). The growing demand for meat and aquaculture products is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and increased livestock production are two other factors augmenting the growth of the market studied. According to Alltech Feed Survey 2020, the estimated feed production for the year in Australia is 9.3 million metric tons, accounted for by 161 number of mills. The rate of meat consumption has increased in Australia due to the increasing awareness and consumption of protein-rich healthy food. Australia is among the major exporters of meat. The increased demand for meat in Asian countries especially China and India are expected to trigger the growth of meat production in Australia. All these factors are expected to drive the compound feed market in this decade.

Scope of the report

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.

Animal Type
Ruminant
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements

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Key Market Trends

Demand for Meat and Aquaculture Products

With the rising population and income in Australia over the past few years, there has been a significant rise in meat consumption in the country over the same period. The seafood demand in Australia has increased considerably over the last five years. Currently, Australia’s consumer demand for seafood exceeds the supply from domestic production and continues to grow. Domestic aquaculture has the potential to significantly expand to help meet domestic and international demand. Increased poultry consumption has ensured strong downstream demand and boosted industry revenue over the period. Retail poultry prices have declined over the period, while the price of many substitute products, such as fish and seafood, beef, and lamb, has risen. Consequently, the relatively cheaper price of poultry in retail outlets has encouraged more consumers to purchase and consume poultry over the past five years. In addition, rising health consciousness has driven demand for leaner sources of protein, such as poultry, benefiting the industry. Increasing life expectancy and limited availability of land and water resources for animal feed production, and increasing use of these resources for food and ethanol production are increasing the demand for animal feed in the Australian meat industry.

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Broiler Chickens Lead the Market by Animal Type in Australia

The market for broiler poultry in Australia was recorded at USD 5,567.2 million in 2018. Broiler chicken accounted for 34.8% of animal feed consumption in 2020, according to the Alltech Feed Survey 2019, leading the market by animal type. With increased animal protein production there will be increased demand for feed and, in particular, a demand for ingredients high in protein and energy. This is supported by the global feed survey conducted by Altech, which reported the Australian broiler chicken feed production at 3.24 million metric tons in 2020. As poultry requires 60% protein, 13% fat, and 3% calcium, the required nutrient content is met majorly by poultry by-products and fish meal. Approximately 50% of the live market weight of ruminants and 30% of poultry is the by-product. These by-products are rendered, ground, and available as a compound feed source for poultry. As poultry meat is eyeing an increasing trend in the country, the demand for compound feed is projected to increase over the forecast period to meet the specific feed requirements.

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Competitive Landscape

The Australia Compound Feed Market is a consolidated market with major players accounting for more than 50% of market share in 2019, whereas other players in the market accounted for the rest of the market share in the same year. Mergers and acquisitions, expansion, product launch, and partnership are the major business strategies adopted by companies studied. For instance, Archer Danniels Midland Co., (ADM) has acquired Neovia in 2019 which helps ADM in gaining market share by strengthening its presence across the country. The market is expected to remain a consolidated market with major players competing for a consistent market share by pumping more money into various business activities such as R&D, mergers & acquisitions, and so on.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Ruminant

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Aquaculture

      5. 5.1.5 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes & Meals

      3. 5.2.3 By-products

      4. 5.2.4 Supplements

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Charoen Pokphand

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Land 'O Lakes(Purina)

      4. 6.3.4 Alltech Inc

      5. 6.3.5 Archer Daniels Midland

      6. 6.3.6 New Hope Group

      7. 6.3.7 Wen's Group

      8. 6.3.8 ForFarmers

      9. 6.3.9 Kent Feeds

      10. 6.3.10 Weston Milling Animal Nutrition

      11. 6.3.11 Zheng DA International Group

      12. 6.3.12 Ewos Group

      13. 6.3.13 Nutreco NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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