Market Size of China Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Compound Feed Market Analysis
The China compound feed market is projected to register a CAGR of 3.7% during the forecast period. Rising meat consumption coupled with the growing demand for milk and dairy products is driving the Chinese animal feed market. Rising meat consumption and a shift in industrial livestock production have led to the commercial production of animal feed to meet the demand eventually leading to higher export from the country. According to the ITC Trade in 2018 the export of animal feed amounted to 1.19 million metric tons which increased to 1.28 million metric tons in 2019. Growing livestock production to meet the demand is, in turn, driving the market for compound feed. Some of the major companies operating in the market Cargill Inc, C.P. Pokphand Co. Ltd., Archer Daniels Midland, Nutreco NV, Alltech Inc., New Hope Group, Purina Animal Nutrition LLC.
