Market Trends of china feed amino acids Industry
Increasing per capita consumption of poultry products and African Swine Fever (ASF) affecting swine helped in increasing the poultry demand and poultry production
- China's poultry industry holds a dominant position in the global market, with the major producers located in Beijing, Tianjin, Shanghai, Shandong, and Guangdong. The industry growth is primarily attributed to the rising population and urbanization, increased income levels, and shifting consumer preferences toward poultry meat due to the African Swine Fever outbreak that reduced the pork meat supply. From 2017 to 2022, China's per capita consumption of poultry increased by 2.06 kg, further driving the demand for poultry products.
- The country's poultry industry produces chicken, duck, and quail, with chicken being the major poultry bird. It accounted for 495.9 million heads and 40% of the global egg production in 2022. There has been an increasing adoption of layer farming, with over 900 million stock-laying hens and 60 million chicks hatching annually at the country's most extensive layer farming center.
- Poultry meat consumption in China increased due to favorable prices, increasing awareness of high-protein diets, and a shift in consumer preferences. As a result, broilers are raised at a higher rate to meet the demand for poultry meat. To improve productivity and meet the growing demand for poultry products, three domestic varieties of broiler genetics were released in 2021, including Shengze 901, Guangming No. 2, and Wode 188.
- The continued investment, commercialization, and release of new and improved breeds in the market, coupled with rising poultry production and increasing per capita consumption, are expected to drive the growth of the poultry industry in China during the forecast period. Additionally, the increasing awareness of health benefits and the nutritional value of poultry meat is anticipated to fuel the growth of the poultry industry in the country.
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Rising demand for seafood and shifting of producers from conventional feed to compound feed is increasing the feed production for aquaculture species
- The aquaculture feed production in China witnessed a significant increase of 54.1% in 2022, reaching 22.8 million metric ton compared to 2017. However, there was a 21.3% drop in 2020 from the previous year due to the COVID-19 outbreak and the resulting closure of feed industries. The rapid expansion of aquaculture production in China is driven by the increasing seafood demand in the country and the expansion of feed production units. For instance, Grobest China established a new aquaculture feed factory in Guangdong Leizhou with an investment of USD 37.7 million and an annual production capacity of 250,000 ton.
- Fish is the primary aquaculture species in China. Fish feed production increased by 3.2% in 2022 from the previous year as the demand for fish cultivation increased to 37.5 million metric ton in 2022 from 37.4 million metric ton in 2018. Producers are shifting from conventional to compound feed due to the increasing awareness about nutrient management and good farming practices.
- In 2022, shrimp accounted for 2.9% of the aquafeed market share in the country, with a production of 0.6 million metric ton of shrimp. The increasing demand for shrimp is strongly driving the demand for shrimp feed in China as Chinese consumers are undergoing a nutrition transition. Shrimps are a good source of antioxidants and astaxanthin, which bolsters the nervous and musculoskeletal systems. The rapid expansion of the aquaculture sector and increasing awareness about nutrient management in aquaculture production are expected to boost market growth during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Globally, China being third largest producer of beef and high beef prices as well as high consumption is increasing the ruminants population
- Large poultry farms and need to improve the immunity of poultry birds to keep them safe from diseases such as Avian Influenza is increasing the demand for poultry feed
- Establishing mega pig farms is encouraging the swine feed production to increase but African Swine Fever (ASF) had a negative impact on population and it affected the feed production
- Growing awareness among animal farmers about nutritious feed and expansion in swine industry is increasing the swine feed production
- Government initiative to develop beef production and high demand for quality meat from processing industries is increasing the ruminants feed production
