Thailand Animal Feed Market to Reach USD 4,398.23 Million by 2034 at 2.76% CAGR | Get Free Sample Report

Thailand Animal Feed Market Overview

The Thailand animal feed market size reached USD 3,442.40 Million in 2024. It is projected to grow to USD 4,398.23 Million by 2033, exhibiting a CAGR of 2.76% during 2025-2033. The market expansion is driven by increased livestock production, rising meat consumption, and the growing adoption of compound and functional feed. This growth is further supported by a focus on quality nutrition and disease control across poultry, swine, and aquaculture segments.

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Thailand Animal Feed Market Growth Factors

The Thailand animal feed market is expanding due to increased livestock production driven by the need to meet rising domestic and export demand for meat. Farmers are adopting compound feeds that offer better nutrient content, improved feed conversion ratios, and enhanced disease resistance, especially in poultry and swine. This shift toward high-efficiency feeding practices supports growth throughout the forecast period.

Government initiatives promoting modern livestock management practices have increased awareness and adoption of nutritionally balanced feeds. These policies encourage integration of functional additives to improve animal health, reflecting Thailand's commitment to responsible and sustainable farming. Feed manufacturers are responding with innovative, tailored products to various livestock categories.

Additionally, the growing focus on feed safety and quality is pushing manufacturers to adhere to stricter regulatory standards. This enhances product reliability and consumer confidence. Combined with rising disposable incomes boosting meat consumption in urban areas, these factors collectively fuel consistent growth in the animal feed market.

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Thailand Animal Feed Market Trends

A prominent trend is the increasing demand for compound feed among commercial livestock farmers due to its efficiency, nutrient consistency, and positive impacts on productivity. Poultry and swine sectors are increasingly adopting compound feed formulations for better weight gain, disease resistance, and feed conversion ratios. Government campaigns have assisted awareness spread, supporting wider compound feed usage.

The market is also witnessing a significant shift towards functional additives such as probiotics, prebiotics, enzymes, and organic acids. These are becoming preferred alternatives to antibiotic growth promoters, which are being phased out due to regulations and consumer concerns. Functional additives improve gut health, immunity, and digestion, aligning with global moves toward cleaner meat production.

Advancements in research and collaboration between feed mills, academia, and biotech firms support the development of innovative feed products that enhance animal performance and disease prevention. In poultry and aquaculture, enzyme-based additives help improve nutrient absorption and reduce waste. Export-oriented meat processors are driving demand for high-performance feed, while government policies regulate antibiotic use and encourage responsible formulation.

This evolving landscape indicates that functional feed additives will become increasingly essential in Thailand's livestock sectors, supporting both health and productivity.

Thailand Animal Feed Market Segmentation

Form Insights:

• Pellets: One of the primary forms offering consistent nutrient delivery and efficient feeding.

• Crumbles: Commonly used for poultry, providing digestible and easily consumable feed.

• Mash: Traditional form used in various livestock, offering versatility.

• Others: Includes other feed forms used as per livestock requirements.

Animal Type Insights:

• Swine: Segmented into Starter, Finisher, and Grower, catering to different growth stages.

• Ruminants: Includes Calves, Dairy Cattle, Beef Cattle, and Others.

• Poultry: Divided into Broilers, Layers, Turkeys, and Others.

• Aquaculture: Covers Carps, Crustaceans, Mackeral, Milkfish, Mollusks, Salmon, and Others.

• Others: Covers additional animal types not classified above.

Ingredient Insights:

• Cereals: Basic energy providers in animal feed.
• Oilseed Meal: Rich protein source widely used.
• Molasses: Used as an energy source and palatability enhancer.
• Fish Oil and Fish Meal: High-quality protein and fatty acids source.
• Additives: Includes Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others for nutritional balance and health.
• Others: Miscellaneous ingredients contributing to feed formulation.

Regional Insights

• Bangkok
• Eastern
• Northeastern
• Southern
• Northern
• Others

Bangkok is a dominant region in the Thailand animal feed market with a significant share, driven by urban demand and concentrated livestock production. The overall market is growing steadily with a CAGR of 2.76% over the forecast period.

Thailand Animal Feed Market Recent Developments & News

• In March 2025, Cargill showcased advanced animal feed innovations at VIV Asia in Thailand, including Biostrong, Notox, and digital tools like Reveal and Galleon, strengthening precision nutrition and sustainable farming.

• In March 2025, TFM outlined a strategy targeting 10 billion baht revenue by 2030, with new product launches, international partnerships, and expanded aquafeed lines to bolster Thailand's animal feed market and support sustainable growth.

Thailand Animal Feed Market Key Highlights of the Report

• Comprehensive quantitative analysis of market segments, trends, and forecasts from 2019-2033.

• Detailed insights into market drivers, challenges, and opportunities.

• Evaluation of market competition via Porter's Five Forces.

• In-depth competitive landscape with key player positioning and strategies.

• Segment-wise historic and future market assessment by form, animal type, ingredient, and region.

Thailand Animal Feed Market Key Players
• Cargill
• TFM

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This release was published on openPR.