South Korea Animal Feed Industry Outlook 2022 - 2026

Key Market Indicators

Korean demand for animal feed is set to grow 3.1% year on year, reaching 869 million kilograms by 2026. In 2021, Korea came in fifth place in the global ranking, with 716 million kilograms, behind Ireland, Germany, Belgium and Ireland. Korea's animal feed exports are also expected to see a small increase, rising 2.3% year on year to reach 123.8 million kilograms by 2026. In 2021, Korea was in 30th place in the global ranking, with 106.9 million kilograms, behind Portugal, Germany, Belgium and the US.

South Korea Animal Feed Market Data and Forecasts

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• Animal Feed Sector: Exploring Growth, Trends, and Opportunities in the Global Market

  Growth in the global feed sector is primarily driven by an increasing demand for animal protein. Urbanization, rising incomes, population growth, and shifts in dietary preferences towards higher protein diets are fuelling a significant demand for meat and dairy products. As industries ramp up their livestock production levels to meet...

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• Prepared Animal Feed: Global Outlook and Emerging Market Trends

  The prepared animal feed industry on a global scale reveals steady growth, largely driven by increased industrial livestock production. Technological advancements have allowed diversified range of premium, specialized feeds, as the nutritional needs specific to each species of livestock is recognized. Furthermore, burgeoning livestock populations and intensified farming practices prop...

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• Animal Feed Industry: In-Depth Analysis of Market Trends and Future Prospects

  The Animal Feed Industry is experiencing substantial growth, driven by increased demand for protein-rich diets and the surge in global meat consumption. Evolving health standards and mounting concerns about the environmental impact of meat production are pushing towards stringent criteria for animal feed, making nutritional quality a prime focus. Furthermore,...

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• Exploring Market Dynamics: Unveiling the Global Forecast for Feed Acidifiers

  Feed acidifiers are organic acids used in animal feed to improve the livestock's gut health and increase the nutritional absorption process. They also play an essential role in preventing microbial diseases and enhancing food productivity. The need to increase the overall livestock health and yield has led to an accentuated...

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• Feeding Systems: Delving Into Automation and Distribution in a Modern Age

  The emergence of automation within contemporary feeding systems plays a crucial role in fostering efficiency and scalability. It has significantly minimised human error and accelerated the rate of production. This advancement has brought forward high precision and punctuality in dispersing quantities, translating to healthier livestock and improved yields, thus contributing...

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