MARKET REPORT FEED & ADDITIVE MAGAZINE May 2023 71 • ADM • Amul • ANCO • Betagro Group • Cargill Inc • Chareon Pokphand Foods (CP Group) • DaChan Food (Asia) • De Heus • East Hope Group • Feed One Co • Godrej Group • Haid Group • Harim Group • JA Zen-Noh • Japfa Ltd. • Kyodo Shiryo Company • Malayan Flour Mills • Marubeni Nisshin Feed Co. • Muyuan Foodstuff • New Hope Group • New Hope Liuhe • Nippon Formula Feed Manufacturing • NongHyup Feed Inc. • San Miguel Pure Foods • Shuangbaotai Group (Twins Group) • Tangrenshen Group (TRS) • Tongwei Group • Wen’s Group • West Hope Group (Sichian Tequ) • WH Group • Yuetai Group • Zhengbang Group • Neovia Group • New Hope Group • Nutreco NV • Perdue Farms Inc. • Royal Agrifirm Group • Sanderson Farm Inc. • Southern States Cooperative • Twins Group - Shuangbaotai • Tyson Foods Inc. • Wayne-Sanderson Farms • Yuetai Group Some of the major players: help increase the demand for compound feed in the region during the forecasted period. According to the report, China dominates the market in the region. The presence of large-scale poultry farms in the country, the increase in the animal population, the demand for affordable animal protein, and the continued focus of poultry producers on increasing productivity through a higher feed conversion ratio (FCR) by increasing the use of compound feed are the factors that are expected to increase the demand for feed production. In China, consumption of poultry meat increased to 22,913 thousand metric tons in 2021 and is projected to increase to 23,311 thousand metric tons in 2028. This may lead to the growth of poultry in the country. According to Food and Agriculture Organization (FAO), poultry meat production increased to 24.6 million metric tons in 2021 from 20.6 million metric tons in 2018. COMPETITOR ANALYSIS According to the report of Research and Markets, Asia Pacific compound feed market is fragmented, with major companies holding a small part of the market share. Major companies concentrated on the acquisitions of small feed mills and increasing production capacity. Some companies increased their geographic presence by expanding their sales to other regions. References: 1. Research and Markets; Asia Pacific Compound Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028); April 2023; https:// www.researchandmarkets.com/reports/5011896/asiapacific-compound-feed-market-growth 2. Market Data Forecast; APAC Compound Feed Market Research Report - 2022 to 2027; March 2023; https://www.marketdataforecast.com/market-reports/ asia-pacific-compound-feed-market 3. Knowledge Sourcing Intelligence; Asia Pacific Animal Feed - Forecasts From 2022 To 2027; Nov 2022; https://www.knowledge-sourcing.com/report/asia-pacific-animal-feed-market 4. 2022 Alltech Agri-Food Outlook, https://www. alltech.com/agri-food-outlook
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