Japan Compound Feed Market Size, Share, and COVID-19 Impact Analysis, By Livestock (Ruminants, Poultry, Swine, Aquaculture, Others), By Ingredients (Cereal, Cakes & Meals, By-Products, Supplements, Others), and Japan Compound Feed Market Insights Forecasts to 2032

Industry: Food & Beverages

RELEASE DATE Dec 2023
REPORT ID SI3276
PAGES 200
REPORT FORMAT PathSoft

Japan Compound Feed Market Size Insights Forecasts to 2032

  • The Market Size is Growing at a CAGR of 3.1% from 2022 to 2032.
  • The Japan Compound Feed Market Size is Expected to Hold a Significant Share by 2032.

Japan Compound Feed Market

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The Japan Compound Feed Market Size is expected to hold a significant share by 2032, at a CAGR of 3.1% during the forecast period 2022 to 2032.

 

Market Overview

Animals are being raised on a larger scale in Japan to produce meat and poultry. The product called compound feed, which is a combination of plant and animal products, is fed to farm animals. All the necessary nutrients for these animals' healthy growth are present in the compound feed. Better feed for farm animals is becoming a growing priority for manufacturers to maintain healthy animals from which to extract various products. Furthermore, stringent regulatory frameworks focusing on food safety and animal welfare are encouraging manufacturers to produce high-quality compound feed. This is consequently improving the market's outlook as well. Furthermore, the growing significance of sustainable farming methods emphasizes the need to maximize agricultural byproducts, which is a key element in encouraging the use of compound feed. Moreover, during the forecast period, the development of customized feed solutions aimed at meeting the unique nutritional requirements of various animal species and developmental stages is anticipated to propel the compound feed market in Japan.

 

Report Coverage

This research report categorizes the market for Japan compound feed market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan compound feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan compound feed market.

Japan Compound Feed Market Report Coverage

Report CoverageDetails
Base Year:2022
Forecast Period:2032
Forecast Period 2032 CAGR:3.1%
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Livestock, and COVID-19 Impact Analysis, By Ingredients,
Companies Covered: Archer Daniels Midland, Charoen Pokphand Foods PCL, KYODO INTERNATIONAL, INC., CJ CheilJedang Corp, Kyodo Shiryo Company, Cargill Inc., Alltech Inc., JAPAN NUTRITION Co., Ltd, Feedone Co., Ltd., Nosan Corporation., Nutreco NV, and
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

The compound feed market in Japan is influenced by a variety of factors, including rising demand for meat and dairy products, which necessitates a steady supply of high-quality feed for livestock, poultry, and aquaculture. Furthermore, the need for balanced and nutrient-rich feed is accelerated by the growing awareness of animal health and nutritional needs. Simultaneously, the Japanese compound feed market is heavily driven by the increase in industrial livestock production to meet the country's constantly expanding food demand. Technological developments in feed production processes are another important factor, as they enable improved scalability and cost efficiency, supporting the growth of the local market in Japan.

 

Restraining Factors

The availability of feed has become a critical issue for the industry, particularly in light of the South Korea growing population and increased demand for food. As a result, obtaining necessary raw feed ingredients like corn, wheat, and barley presents serious challenges for the industry. The protracted conflict between Russia and Ukraine has made this issue worse by upsetting the supply chain and raising the price volatility of raw materials. It is anticipated that this will hurt the production of compound feed for livestock.

 

Market Segment

 

  • In 2022, the poultry segment accounted for the largest revenue share over the forecast period.

Based on the livestock, the Japan compound feed market is segmented into ruminants, poultry, swine, aquaculture, and others. Among these, the poultry segment has the largest revenue share over the forecast period. Poultry products are affordable, versatile, and high in nutrients, there is a constant demand for chicken products like meat and eggs. Poultry products are in high demand because of their nutritional value. One of the main factors driving the demand for these products is the nutritional value of poultry meat, such as chicken. It is well known that poultry is a great source of essential amino acids, vitamins, and minerals in addition to high-quality protein. Poultry products are often thought to be healthier than red meats because they have less fat, especially when eaten without the skin.

 

  • In 2022, the cereal segment is expected to hold the largest share of the Japan compound feed market during the forecast period.          

Based on the ingredients, the Japan compound feed market is classified into cereal, cakes & meals, by-products, supplements, and others. Among these, the cereal segment is expected to hold the largest share of the Japan compound feed market during the forecast period. Feed cereals are consumed in greater quantities than other ingredients due to their wide availability and high nutritional profile. The main crops used to make feed cereals are corn, wheat, and rice in both developed and developing nations. Other feed cereals that farm animals eat include barley, oats, sorghum, and millet.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan compound feed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Archer Daniels Midland
  • Charoen Pokphand Foods PCL
  • KYODO INTERNATIONAL, INC.
  • CJ CheilJedang Corp
  • Kyodo Shiryo Company
  • Cargill Inc.
  • Alltech Inc.
  • JAPAN NUTRITION Co., Ltd
  • Feedone Co., Ltd.
  • Nosan Corporation.
  • Nutreco NV

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan compound feed market based on the below-mentioned segments:

 

Japan Compound Feed Market, By Livestock

  • Ruminants
  • Poultry
  • Swine
  • Aquaculture
  • Others

 

Japan Compound Feed Market, By Ingredients

  • Cereal
  • Cakes & Meals
  • By-Products
  • Supplements
  • Others

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