Thailand Animal Feed Market Outlook

According to the report by Expert Market Research (EMR), the Thailand animal feed market size attained a value of 19.79 million in 2024. Aided by the growing demand for meat, dairy products, and aquaculture, along with increasing industrialisation in the agriculture sector, the market is projected to grow at a compound annual growth rate (CAGR) of 1.60% between 2025 and 2034, reaching a value of 22.87 million by 2034.

Animal feed plays a critical role in the global agricultural supply chain, providing essential nutrients for livestock, poultry, and aquaculture. As the country of Thailand continues to develop its animal farming industry, there is a concurrent rise in demand for high-quality, nutritionally balanced feed. The increasing population, changing dietary preferences, and growing demand for protein-rich foods such as meat and fish are key factors propelling the market’s expansion.

In addition to the traditional livestock feed, which includes cattle, poultry, and swine feed, the aquaculture industry has seen rapid growth, with the demand for fishmeal and other specialized feeds increasing significantly. As Thailand positions itself as one of the largest exporters of seafood and meat products in Southeast Asia, the animal feed sector is expected to witness substantial growth in the coming years. This article delves into the drivers of the market, key trends shaping the future, and the challenges that lie ahead for the Thai animal feed industry.

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Key Drivers of Market Growth

Rising Demand for Animal Products:  The growing demand for meat, eggs, and dairy products in Thailand is one of the primary drivers of the Thailand Animal Feed Market. Thailand has witnessed a steady rise in its population, leading to increased consumption of animal-based food products. Additionally, the country’s expanding middle class and urbanisation have resulted in higher incomes, allowing consumers to access a greater variety of protein sources.

Poultry and swine production have been particularly affected by the growing demand for animal-based proteins. Poultry feed and pig feed constitute a significant share of the Thailand Animal Feed Market, as these animals are key sources of affordable protein in the region. With an increasing preference for protein-rich diets, Thailand’s demand for animal feed will continue to expand. Furthermore, the nation’s strong export presence in the meat and seafood industries necessitates the production of high-quality feed to maintain international product standards, contributing further to the market’s growth.

Aquaculture Industry Expansion: Thailand’s aquaculture industry, particularly shrimp and fish farming, has seen significant growth in recent years, contributing heavily to the demand for specialized animal feed. Thailand is one of the world’s largest exporters of shrimp and seafood, with the sector showing resilience in the face of challenges such as disease outbreaks and climate change.

As demand for sustainable and high-quality seafood continues to rise globally, the need for premium aquaculture feed has surged. Feed manufacturers are investing in more efficient feed formulations tailored to the nutritional needs of different species, while also improving feed conversion ratios (FCR) to boost productivity and profitability. Thailand’s strong foothold in the global seafood market makes aquaculture feed a crucial segment within the overall Thailand Animal Feed Market.

Technological Advancements in Animal Feed Production: The adoption of innovative technologies in animal feed production is helping drive market growth in Thailand. Feed producers are increasingly turning to precision nutrition, advanced feed formulations, and automation to improve the efficiency of their production processes. These advancements have led to the development of more cost-effective, nutritionally balanced feeds that enhance livestock growth and improve meat yield.

Furthermore, the trend towards more sustainable production methods is gaining traction in Thailand. Advances in biotechnology and feed processing techniques are enabling the production of feeds with lower environmental footprints. This includes the use of alternative ingredients such as insect protein, algae-based nutrients, and plant-based proteins. As consumer awareness of sustainability issues rises, the Thailand Animal Feed Market is seeing a shift toward more eco-friendly production practices.

Government Support for Agricultural Development: The Thai government plays a vital role in the expansion of the animal feed market by providing subsidies, promoting agricultural development policies, and offering incentives for improving productivity and sustainability in the farming sector. Initiatives aimed at improving the efficiency of the livestock and aquaculture industries are expected to boost demand for high-quality animal feed.

The government’s support for the promotion of modern farming practices, as well as its focus on enhancing food safety standards and improving the country’s export capacity, has paved the way for the animal feed industry to thrive. Additionally, Thailand’s participation in free trade agreements with countries such as China, Japan, and the United States further solidifies the market’s growth prospects as it expands its export potential.

Growing Focus on Animal Health and Nutrition: In recent years, there has been an increased focus on animal health and nutrition, particularly in terms of disease prevention, feed efficiency, and overall productivity. Livestock farmers are increasingly aware of the importance of using nutritionally balanced feed to maintain animal health and enhance production efficiency. This growing awareness has led to greater demand for specialized and high-quality animal feed formulations, which in turn supports market growth.

Additionally, the rise of organic and natural animal feeds in Thailand, driven by both consumer demand and awareness of the environmental and health benefits, is expected to contribute to the market’s expansion. The trend toward more sustainable and ethical farming practices is becoming an important consideration for Thai farmers, who are investing in more sustainable and health-oriented feed solutions.

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Thailand Animal Feed Market Segmentation

The Thailand Animal Feed Market can be divided based on type, livestock, raw material.

Breakup by Type

• Fodder and Forage
• Compound Feed

Breakup by Livestock

• Pork
• Aquatic Animal
• Cattle
• Poultry
• Others

Breakup by Raw Material

• Soy
• Corn
• Others

Competitive Landscape

Some of the major players explored in the report by Expert Market Research are as follows:

• Alltech Inc.
• Nutreco N.V.
• Archer-Daniels-Midland Company
• Cargill, Incorporated
• Charoen Pokphand Foods PCL
• Intech Group
• SPM Animal Feed Company Limited
• Betagro Public Company Limited
• Thailuxe Enterprise (Thailand) Co., Ltd.
• Others

Challenges in the Market

Despite its robust growth, the Thailand Animal Feed Market faces several challenges. The volatility of raw material prices, including fluctuations in the cost of feed grains and oilseeds, can disrupt the market and lead to higher feed costs for farmers. Additionally, the sector must address environmental concerns related to the production of animal feed, particularly in terms of waste management, carbon emissions, and the sustainable sourcing of raw materials.

Another challenge is the increasing demand for specialized feeds that require more advanced research, development, and production capabilities. Developing innovative, cost-effective, and sustainable feed solutions requires significant ***, and not all producers are able to meet these growing demands.

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