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Asia Pacific Corn and Wheat-Based Feed Market Forecast to 2030
Asia Pacific Corn and Wheat-Based Feed Market Forecast to 2030 – Regional Analysis – by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
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Description
Benefits of Corn and Wheat in Animal Feed Boost Asia Pacific Corn and Wheat-Based Feed Market
Corn and wheat are considered important protein and energy sources in animal feed. Corn-based feed is a high-energy food that provides animals with essential nutrients such as protein, fats, and carbohydrates. The feed is easily digestible. Corn fibers help reduce the cholesterol level and enhance the digestive health of animals. It is a major source of Vitamin A. Owing to the mentioned benefits, corn-based feed improves meat quality and aids milk production among cows and sheep.
Wheat is one of the cereals used to make animal feed with the highest protein content. Wheat has a high energy value with 3.0 to 3.5 Mcal ME (Megacalories of Metabolizable Energy), considered an important energy source in animal feed. Wheat-based feed is mainly used for polygastric animals such as ruminants. Wheat bran is an important source of minerals such as selenium, zinc, iodine, and potassium, which helps in multiple physiological functions such as the immune system. Wheat has a large amount of fiber that facilitates animal digestive processes. Further, wheat has moisture values below 14%; it aids in avoiding problems related to digestibility and contamination by mycotoxin-producing fungi. Such nutritional benefits influence livestock owners to prefer corn and wheat-based feed to maintain or enhance the health of animals. Thus, the benefits associated with corn and wheat-based feed boost the Asia Pacific corn and wheat-based feed market growth.
Asia Pacific Corn and Wheat-Based Feed Market Overview
In Asia Pacific, the demand for corn and wheat-based feed is rising, driven by various factors. One significant factor is the rapid growth of the middle-class population and urbanization across many countries in the region. As incomes rise and lifestyles change, there’s a shift toward diets higher in protein, including meat and dairy products. This dietary transition fuels the demand for livestock products, leading to increased livestock production and a higher demand for corn and wheat-based feed to support the growing livestock industry. Also, the growth of organized livestock industry in the developing countries of the region drives the market growth in the coming years.
Asia Pacific also faces challenges related to food security. Many countries in the region heavily rely on imports to meet their food needs, including animal feed. Governments are incentivizing domestic production of feed grains to reduce dependence on external sources and enhance food security. Corn and wheat are favored due to their adaptability to various agro-climatic conditions and relatively high yields per hectare. As a result, there’s a surge in demand for these grains as countries strive to boost their self-sufficiency in feed production. The demand for corn and wheat-based animal feed is bolstering in the region due to the presence of large livestock population and milk production. According to Food and Agriculture Organization, India is the world’s largest milk producer, with 22 percent of global production, followed by the United States of America, China, Pakistan and Brazil. This factor creates lucrative opportunities in this region which ultimately contributes to the market growth of corn and wheat-based animal feed.
Asia Pacific Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Corn and Wheat-Based Feed Market Segmentation
The Asia Pacific corn and wheat-based feed market is categorized into product type, livestock, and country.
Based on product type, the Asia Pacific corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
In terms of livestock, the Asia Pacific corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest market share in 2022.
By country, the Asia Pacific corn and wheat-based feed market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific corn and wheat-based feed market share in 2022.
Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, Jungbunzlauer Suisse AG, and Roquette Freres SA are some of the leading companies operating in the Asia Pacific corn and wheat-based feed market.
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According to the Research Team’ research, the Asia Pacific corn and wheat-based feed market was valued at US$ 74,751.60 million in 2022 and is expected to reach US$ 96,947.33 million by 2030, registering a CAGR of 3.3% from 2022 to 2030. Growth of aquaculture industry and benefits of corn and wheat in animal feed are among the critical factors attributed to drive the Asia Pacific corn and wheat-based feed market growth.
The fishery industry is expanding due to changing cultural preferences, improving aquaculture production, and rising demand for fish and seafood. Fish has a high protein content and low cholesterol; therefore, the demand for fish and fish-related products has increased across the globe. Thus, aquaculture production has surged to cater to the increasing demand. As per the FAO, global aquaculture production of animal species grew by 2.7% in 2020 compared with 2019.
Figure 1. World Aquaculture Production, 1091–2020
With growing aquaculture, the demand for aquafeed is increasing. Fish meal is the major feed used in the aquaculture segment. Corn gluten meal has recently been used as a plant-based alternative to fishmeal. Corn gluten meal contains a high protein and low fiber content with low anti-nutritional factors (ANF). They are rich in minerals, vitamin B, and vitamin E. Corn gluten meal in shrimp feed significantly enhances digestibility and energy.
Moreover, with the rising sustainability concern, aquaculture farmers are significantly replacing animal-sourced feed with plant-sourced feed. Thus, the demand for wheat and corn-based feed is increasing due to their high quality and nutritional performance. Roquette Frères, a key market player in the corn and wheat-based feed market, offers wheat-based feed for aquaculture. Thus, the growth of aquaculture is expected to create massive opportunities in the Asia Pacific corn and wheat-based feed market across the world in the coming years.
On the contrary, the challenges related to corn and wheat production hampers the growth of Asia Pacific corn and wheat-based feed market.
Based on product type, the Asia Pacific corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held 91.8% market share in 2022, amassing US$ 68,599.17 million. It is projected to garner US$ 88,583.81 million by 2030 to register 3.2% CAGR during 2022–2030. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
In terms of livestock, the Asia Pacific corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held 37.3% share of Asia Pacific corn and wheat-based feed market in 2022, amassing US$ 27,882.45 million. It is anticipated to garner US$ 35,227.99 million by 2030 to expand at 3.0% CAGR during 2022–2030.
By country, the Asia Pacific corn and wheat-based feed market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 52.4% share of Asia Pacific corn and wheat-based feed market in 2022. It was assessed at US$ 39,147.41 million in 2022 and is likely to hit US$ 49,026.26 million by 2030, registering a CAGR of 2.9% during 2022–2030.
Key players operating in the Asia Pacific corn and wheat-based feed market are Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, Jungbunzlauer Suisse AG, and Roquette Freres SA, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific corn and wheat-based feed market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific corn and wheat-based feed market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Asia Pacific Corn and Wheat-Based Feed Market Landscape
4.1 Market Overview
4.2 Porter’s Analysis Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End User
5. Asia Pacific Corn and Wheat-Based Feed Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Livestock Production
5.1.2 Benefits of Corn and Wheat in Animal Feed
5.2 Market Restraints
5.2.1 Challenges Related to Corn and Wheat Production
5.3 Market Opportunities
5.3.1 Growth of Aquaculture Industry
5.4 Future Trends
5.4.1 Rising Preference for Organic Feed
5.5 Impact of Drivers and Restraints:
6. Corn and Wheat-Based Feed Market – Asia Pacific Analysis
6.1 Asia Pacific Corn and Wheat-Based Feed Market Revenue (US$ Million), 2020-2030
6.2 Asia Pacific Corn and Wheat-Based Feed Market Forecast Analysis
7. Asia Pacific Corn and Wheat-Based Feed Market Analysis – by Product Type
7.1 Corn-Based
7.1.1 Overview
7.1.2 Corn-Based: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.1.3 Corn Gluten Meal
7.1.3.1 Overview
7.1.3.2 Corn Gluten Meal: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.1.4 Corn Gluten Feed
7.1.4.1 Overview
7.1.4.2 Corn Gluten Feed: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.1.5 Other Corn-Based Feed
7.1.5.1 Overview
7.1.5.2 Other Corn-Based Feed: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Wheat-Based
7.2.1 Overview
7.2.2 Wheat-Based: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2.3 Wheat Gluten
7.2.3.1 Overview
7.2.3.2 Wheat Gluten: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2.4 Wheat Bran
7.2.4.1 Overview
7.2.4.2 Wheat Bran: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2.5 Other Wheat-Based Feed
7.2.5.1 Overview
7.2.5.2 Other Wheat-Based Feed: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Corn and Wheat-Based Feed Market Analysis – by Livestock
8.1 Poultry
8.1.1 Overview
8.1.2 Poultry: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Ruminants
8.2.1 Overview
8.2.2 Ruminants: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Swine
8.3.1 Overview
8.3.2 Swine: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Aquaculture
8.4.1 Overview
8.4.2 Aquaculture: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Corn and Wheat-Based Feed Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Key Countries, 2022 and 2030 (%)
9.1.1.1 Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast Analysis – by Country
9.1.1.2 China: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 China: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.1.2.2 China: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.1.3 Japan: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Japan: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.1.3.2 Japan: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.1.4 India: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 India: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.1.4.2 India: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.1.5 Australia: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Australia: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.1.5.2 Australia: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.1.6 South Korea: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 South Korea: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.1.6.2 South Korea: Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.1.7 Rest of Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.1.7.2 Rest of Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Livestock
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Associated British Foods Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Jungbunzlauer Suisse AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Roquette Freres SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BENEO GmbH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 International Nutritionals Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Agrana Beteiligungs AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Archer Daniels Midland Company
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams
Table 1. Asia Pacific Corn and Wheat-Based Feed Market Segmentation
Table 2. Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 4. Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 5. Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. China: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 7. China: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 8. Japan: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 9. Japan: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 10. India: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 11. India: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 12. Australia: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 13. Australia: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 14. South Korea: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 15. South Korea: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 16. Rest of Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 17. Rest of Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 18. Heat Map Analysis by Key Players
Figure 1. Asia Pacific Corn and Wheat-Based Feed Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis: Corn and Wheat-Based Feed Market
Figure 4. Asia Pacific Corn and Wheat-Based Feed Market – Key Market Dynamics
Figure 5. Global Meat Production by Livestock Type (2001-2021)
Figure 6. World Aquaculture Production, 1091-2020
Figure 7. Impact Analysis of Drivers and Restraints
Figure 8. Asia Pacific Corn and Wheat-Based Feed Market Revenue (US$ Million), 2020-2030
Figure 9. Asia Pacific Corn and Wheat-Based Feed Market Share (%) – by Product Type (2022 and 2030)
Figure 10. Corn-Based: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Corn Gluten Meal: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Corn Gluten Feed: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Other Corn-Based Feed: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Wheat-Based: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Wheat Gluten: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Wheat Bran: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Other Wheat-Based Feed: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific Corn and Wheat-Based Feed Market Share (%) – by Livestock (2022 and 2030)
Figure 19. Poultry: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Ruminants: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Swine: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Aquaculture: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Others: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Asia Pacific Corn and Wheat-Based Feed Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 25. Asia Pacific Corn and Wheat-Based Feed Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 26. China: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Japan: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. India: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Australia: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. South Korea: Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Rest of Asia Pacific Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Company Positioning & Concentration
The List of Companies – Asia Pacific Corn and Wheat-Based Feed Market
1. Agrana Beteiligungs AG
2. Archer Daniels Midland Company
3. Associated British Foods Plc
4. BENEO GmbH
5. International Nutritionals Ltd
6. Jungbunzlauer Suisse AG
7. Roquette Freres SA
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