China Animal Feed Market Outlook (2018 to 2032)

Year Value
2018 77.32
2019 80.52
2020 82.92
2021 87.34
2022 90.57
2023 93.9
2024 97.51
2025 101.46
2026 105.78
2027 110.52
2028 115.58
2029 121.17
2030 127.34
2031 134.16
2032 141.75
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China Animal Feed Market Outlook (2018 to 2032)

Synopsis
The above chart is China Animal Feed Market Outlook (2018 to 2032)

Market Dynamics

China is the largest animal feed market in the world and contributes around 35% of the global feed production. over the past decade, the exploding growth of the country’s poultry and fisheries industries has resulted in an unprecedented growth of the demand for animal feed. according to a research report from the international feed industry federation, the animal feed production in china is expected to increase by more than 50% over the next fifteen years. due to the expansive population base of china, the demand for animal feed is steadily rising. the growth of the poultry and fisheries industries has further fuelled this rising demand. the chinese government has undertaken stringent regulations related to feed safety and quality as well, which has led to the usage of high-quality feed, resulting in better-quality processed meats. in the next five years, the growth rate of china’s animal feed market is anticipated to be around 6.7% annually. this increase in demand for animal feed is driven by the growth in the chickens and fish breeders’sector and by increasing consumer awareness regarding animal protein consumption. chinese authorities have also implemented regulations designed to reduce the amount of animal feed-related pollution, which has enforced the usage of higher-quality feed by manufacturers. in the long term, it is predicted that china’s animal feed market size will increase by 4.3% over the next fifteen years. this long-term growth is mainly due to the increasing population base, rising incomes and higher demand for animal proteins. the demand for exogenous and organic feed will also increase significantly, which will provide the market with sustainable growth opportunities. apart from this, technological advancements in the animal feed industry and innovations in feed processing, packaging, and storage technologies will exhaust sustainable expansion opportunities. the growth of the chinese economy and rising consumer incomes will propel the animal feed demand further. to meet the growing demand for animal feed in china, the manufactures need to focus on the quality and affordability of the feed. this can help them capitalize on the market’s growth potential and ensure maximum profits.

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