Thailand Cattle Feed Market

Thailand Cattle Feed Market Overview

Thailand Cattle Feed Market Size was estimated at 1.16 (USD Billion) in 2023. The Thailand Cattle Feed Market Industry is expected to grow from 1.17(USD Billion) in 2024 to 1.67 (USD Billion) by 2035. The Thailand Cattle Feed Market CAGR (growth rate) is expected to be around 3.339% during the forecast period (2025 - 2035).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Thailand Cattle Feed Market Trends Highlighted

Thailand Cattle Feed Market is currently experiencing a transition to high-quality and nutritive feed formulations, which is being driven by the increasing demand for healthier livestock products among consumers. Farmers are placing a greater emphasis on food that promotes the health of animals, increases milk production, and promotes the growth of livestock. This change is bolstered by Thailand's objective to enhance its livestock industry in accordance with the national agricultural policy, which promotes the implementation of sustainable practices and advanced feed technologies. In addition, there is a growing trend toward natural and organic cattle feed alternatives as consumers become more health-conscious and prioritize products with fewer chemicals.

Opportunities exist for the integration of local agricultural by-products into cattle fodder, which can reduce costs and improve sustainability. The abundant production of rice, maize, and cassava in Thailand can be effectively leveraged to create cost-effective feeds that meet the specific dietary requirements of cattle. This trend is consistent with the government's initiatives to enhance the quality and safety of food in the livestock sector, which presents an opportunity for feed manufacturers to introduce innovative feed solutions that adhere to regulatory standards. In the cattle feed sector, there has been a recent surge in interest in the integration of technology, such as precision feeding, which enhances feed efficacy, reduces waste, and optimizes nutrient intake.

Additionally, the partnership between agricultural exporters and research institutions offers a distinctive approach to the development and promotion of advanced cattle feed products. The Thai government is also underscoring the necessity of research in cattle nutrition through a variety of programs, with the objective of enhancing livestock productivity and feeding practices. The dynamic landscape of the cattle feed market in Thailand is shaped by the convergence of market drivers, opportunities, and recent trends, which guarantees a more sustainable approach to beef and dairy production in the country.

Thailand Cattle Feed Market Drivers

Increasing Demand for Quality Livestock Products

The Thailand Cattle Feed Market Industry is seeing a substantial rise in demand for quality livestock products. As the population in Thailand continues to grow, the per capita consumption of beef and dairy products has also escalated. According to the Thai Department of Livestock Development, beef consumption in Thailand increased by around 2.8 percent from 2015 to 2020, driven by both domestic and export needs. This rising demand necessitates better quality cattle feed to ensure healthy livestock, further propelling the Thai cattle feed market.

Major players in the market, such as Betagro Group, have been investing in advanced cattle feed formulations to meet these demands, supporting growth through improved product offerings. The Thai government has also emphasized enhancing livestock productivity as part of its national strategy, incentivizing farmers to adopt better feeding practices, which directly impacts cattle feed consumption.

Government Policies Supporting Livestock Farming

The Thailand government has been actively promoting livestock farming through various policies aimed at enhancing productivity and sustainability in the agriculture sector. Initiatives such as the 'Strategic Plan for Livestock Development' have resulted in funding and support for farmers to improve their livestock practices. The Department of Livestock Development has reported a significant increase in investment in agricultural technologies, including cattle feed production, indicating a proactive governmental approach to strengthen the cattle feed market.

This focus on enhancing cattle farming practices is projected to increase the demand for high-quality cattle feed, thus propelling the Thailand Cattle Feed Market Industry forward.

Rising Awareness of Nutritional Benefits in Cattle Feeding

There is an increasing trend among farmers in Thailand towards understanding the nutritional benefits of specialized cattle feed, which is crucial for better herd performance and health. Studies indicate that cattle receiving nutritionally enriched feed show a significant increase in weight gain and milk production. For instance, the Thai Livestock Association has showcased evidence that cattle fed with high-quality feed experience a 15-20% increase in milk yield compared to those on traditional diets.

This awareness is leading farmers to shift towards consuming and investing in better nutritional feeds, thereby driving the Thailand Cattle Feed Market Industry growth.

Thailand Cattle Feed Market Segment Insights

Cattle Feed Market Type Insights

The Thailand Cattle Feed Market is centered around several key types that play a critical role in the livestock nutrition industry, contributing significantly to the overall health and productivity of cattle. One of the major components is Protein Meals and Cakes, as they provide essential amino acids crucial for livestock growth and milk production. This segment has a strong demand, driven by the increasing emphasis on high-quality meat and dairy products in Thailand, where the agriculture sector plays a vital role in the country's economy.

Cereals and Grains are another important type within the Thailand Cattle Feed Market. They serve as the primary energy source for cattle and contribute to enhanced feed efficiency. The abundance of locally sourced grains in Thailand supports a robust supply chain, as these agricultural products are readily available, further promoting the sustainable growth of the livestock sector. Brans also have a notable presence as they are by-products of grain milling, providing dietary fiber and additional nutrients to cattle.

Additives comprise a specialized segment focused on improving feed quality and cattle health, including vitamins, minerals, and probiotic ingredients. Their application in cattle feed is critical for enhancing productivity and reducing disease prevalence, increasingly recognized due to rising consumer awareness regarding animal welfare and product quality. Lastly, other types include miscellaneous feed ingredients, which contribute to customizing diets based on specific nutritional requirements for various cattle breeds. The diversity in type segments within the Thailand Cattle Feed Market supports tailored nutrition strategies, accommodating the needs of a rapidly changing industry driven by health-conscious consumer trends and advancing livestock management practices. The growth in the cattle feed market is also propelled by the ongoing development in agricultural technology and a growing focus on sustainable farming practices in Thailand, making the cattle feed sector a robust area of investment and research.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Cattle Feed Market Application Insights

The Application segment of the Thailand Cattle Feed Market showcases a diverse range of needs catering to various types of cattle. Within this segment, Beef Cattle represent a significant portion, driven by the rising demand for meat protein in Thailand, where beef is a popular source of nutrition. Due to cultural preferences and increasing disposable income, the consumption of beef continues to grow, making efficient feeding solutions critical for sustainable production. The Dairy Cattle aspect is equally important, reflecting the nation's focus on milk production, particularly in regions such as Central and Northeastern Thailand, which are known for dairy farming. Additionally, Calves represent a crucial younger demographic in the Cattle Feed Market, emphasizing the need for high-quality nutritional feeds to support healthy growth and productivity in future livestock. Other applications explore niche markets and specialized feeds, providing opportunities for innovation.

The Thailand Cattle Feed Market data indicates that the growth drivers include increasing population, urbanization, and the trend toward animal protein consumption, which fuels the need for specialized feeds. Challenges such as fluctuating feed ingredient prices and livestock diseases also play a role in shaping market dynamics, while advancements in feed technology present opportunities for improvement and development within the industry. Understanding these aspects is essential for stakeholders looking to maximize their potential in the Thailand Cattle Feed Market.

Thailand Cattle Feed Market Key Players and Competitive Insights

The Thailand Cattle Feed Market is characterized by a dynamic competitive landscape where various players strive to capture significant market share amidst rising demand for high-quality feed products. Factors influencing competition in this market include the growing livestock population, increased meat consumption, and a heightened focus on animal health and nutrition. Companies operating within this sector are continually innovating their product offerings and optimizing their production processes to cater to the needs of livestock farmers. The market's competitiveness is shaped not only by local producers but also by international entities looking to establish a foothold in Thailand. Moreover, sustainability trends and stringent regulations also play a crucial role in how companies position themselves and evolve their strategies over time.

Thai Union Feedmill stands out within the Thailand Cattle Feed Market due to its robust operational capabilities and commitment to quality. The company has harnessed its expertise in animal nutrition to develop a range of feed products tailored to the specific needs of cattle farmers in Thailand. With a strong distribution network, Thai Union Feedmill ensures its products reach various regions efficiently. The company places a significant emphasis on research and development, continuously improving its feed formulations to enhance livestock performance and health. Moreover, the strategic partnerships established by the company allow it to maintain a competitive edge by leveraging shared resources and expertise. The reputation for reliability and quality helps Thai Union Feedmill solidify its standing in a market that values feed efficacy and sustainability.

Betagro, another key player in the Thailand Cattle Feed Market, has established itself as a prominent provider of animal feed solutions. Known for its comprehensive product range, Betagro offers various feed options designed to cater to different livestock needs, contributing to improved growth and productivity for farmers. The company’s strong market presence is bolstered by its focus on high-quality ingredients and adherence to strict quality control measures. Betagro has also been active in pursuing strategic mergers and acquisitions to enhance its market position and expand its product offerings. This proactive approach allows Betagro to innovate and maintain competitiveness in the evolving market landscape continuously. With a commitment to sustainable practices, the company not only aims to meet the nutritional requirements of livestock but also aligns with the growing consumer demand for environmentally conscious products.

Key Companies in the Thailand Cattle Feed Market Include

• Thai Union Feedmill
• Betagro
• AustAsia Group
• Suphanburi Cattle Feed
• Thailand Feed Mill
• Sahapat Farm
• Charoen Pokphand Foods
• Univet
• ADM Animal Nutrition
• Poh Heng Farm
• Cargill
• Nutrifeed
• Royal Agrifood
• Chia Meng Group

Thailand Cattle Feed Market Industry Developments

The Thailand Cattle Feed Market has experienced notable developments recently, particularly with increasing demand amid rising livestock production. Companies, including Thai Union Feedmill, Betagro, and Charoen Pokphand Foods, have reported growth in market valuation, contributing to an enhanced focus on quality and sustainability in feed products. Additionally, in March 2023, AustAsia Group announced its acquisition of a significant share in a local supplier, aiming to bolster operations within Thailand's cattle feed segment. Suphanburi Cattle Feed and ADM Animal Nutrition continue to innovate in feed formulations, addressing nutritional deficiencies prevalent in local cattle. Current affairs highlight the government's push for more resilient supply chains intended to mitigate disruptions caused by climatic variations and global supply challenges. In the last two to three years, major events, such as the rise in feed prices in late 2021, prompted a shift in sourcing strategies among various manufacturers. Nutrifeed and Cargill are reportedly expanding their facilities to meet local demands more effectively. Overall, the landscape of the Thailand Cattle Feed Market reflects resilience and adaptation amid dynamic market conditions.

Cattle Feed Market Segmentation Insights

Cattle Feed Market Type Outlook

• Protein Meals/Cakes
• Cereals & Grains
• Brans
• Additives
• others

Cattle Feed Market Application Outlook

• Beef Cattle

• Dairy Cattle

• Calves

• Others

Thailand Cattle Feed Market Segmentation

• Cattle Feed Market By Type (USD Billion, 2019-2035)
  • Protein Meals/Cakes
  • Cereals & Grains
  • Brans
  • Additives
  • others