Market Size of Japan 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Compound Feed Market Analysis
The Japan compound feed market is projected to register a CAGR of 3.7% during the forecast period. Meat consumption in Japan is witnessing a healthy growth rate. The majority of meat consumed in Japan is, however, imported. The continuous rise in imported meat prices and the increasing demand for meat is exerting pressure on local producers to increase production to meet the demand. Under these circumstances, the demand for compound feed is rising, as animal farming is seeing a healthy growth rate during the forecast period. The major companies like Cargill Inc, Nutreco NV, KYODO INTERNATIONAL, INC., Alltech Inc., JAPAN NUTRITION Co. Ltd, Nosan Corporation., Feedone Co., Ltd. are dominating the market. In 2018, Nutriad established a partnership with Watanabe Chemicals to distribute its products in the Japanese market. With the help of a strong distribution network of Watanabe Chemicals, Nutriad introduced Adimix and Apex range in poultry, swine, and ruminants segment.
