1. Market Research
  2. > Agriculture
  3. > Agricultural Input
  4. > Animal Feed Market Trends
Thailand Compound Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Thailand Compound Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • July 2021
  • 93 pages
  • ID: 6106011
  • Format: PDF
  • Mordor Intelligence LLP
Up to $650 off Until Sep 20th 2021


Table of Contents

Search Inside

The Thailand compound feed market was valued at USD 8,983.5 million in 2020, and it is projected to reach USD 11,967.6 million by 2026, witnessing a CAGR of 4.2% during the forecast period.

Owing to the COVID-19, the imposition of stringent lockdown by the country’s government across the country has impacted the feed industry severely. Migration of man force resulted the industry to suffer huge labor crisis. The restricted movement resulted in delay on arrival of raw material, which also hampered the quality of the final produces. The COVID-19 pandemic had a significant impact on the country’s poultry industry. Farmers had to cope with the movement restrictions and paralyzed supply chains, leading to large inventories and falling prices. Many farmers and herders were forced to liquidate their assets in order to meet their needs.

By animal type, the poultry segment is found to be the largest contributor to the domestic feed production. According to the USDA (2020), the production of broiler chicken meat in Thailand is expected to increase by 2-3% in 2021. The production of chicken meat is expected to grow further to fulfil the growing export demand as well. The growing domestic consumption and export demand of poultry meat is anticipated to drive the compound feed market in Thailand.

In January 2020, the Thailand government has allocated a budget of USD 5.03 million under the Free Trade Agreement Fund for the Department of Livestock Development to help the beef cattle farmers increase their product quality and compete globally. This can increase the beef cattle feed production in the country.Therefore, the growing demand for beef and dairy products is expected to boost the demand for compound feed in the country during the forecast period.

Key Market Trends
Rising preferences for the Animal Sourced Food

The demand for higher-value and quality foods, such as meat, eggs, and milk, is increasing, compared to plant-origin foods, such as cereals, owing to the rising demand for larger food varieties and more protein intake. The increasing awareness of the benefits of providing compound feed among growers fuels the demand for compound feed over forage or silage feed.

The shift toward a protein-rich diet, owing to the rising health awareness and the rise in income levels among the population, drives the consumption of meat and other animal-based products. This has resulted in an increased demand for animal-based products, subsequently driving the production of livestock. This livestock is fed using novel methods and products, ensuring an optimum nutrition level and feed conversion ratio.

To satisfy the demand of the meat processing industry, livestock farmers need to produce high-quality and hygienic meat, which is a big challenge. The expansion of the meat product industry has created an opportunity for compound feed, as these feeds boost immunity and enhance the performance of animals by stabilizing the rumen environment. Thus, the rising demand for animal-sourced foods may boost the Thailand compound feed market during the forecast period.

Growing Poultry Industry

Chicken is the most popular meat among Thai consumers, due to its lower prices than pork and beef and the diversity it offers in cooking methods and menu items. The domestic consumption in Thailand has a high growth potential due to the growing per capita consumption, the expansion in urbanization, and the increased trend of dining out.

As per the APEDA, the Thai broiler industry turned profitable in 2019, due to the increased prices of all product chains, including chicken meat, live broilers, and day-old chicks. Despite a decline in chick production by independent breeders in early 2019, the lucrative prices drove the total broiler meat production in 2019 to grow by 4%, to 3.05 million metric ton. There are 10-12 integrated processors operating feed milling, day-old chick farming, broiler farming, and broiler meat processing. These players cover about 80% of the total broiler meat production in Thailand. The rest of the production is by independent broiler growers. Due to a sharp increase in broiler production, some of these independent broiler growers have built their own broiler slaughterhouses and developed domestic markets, so as to enable these domestic markets to absorb their increased supplies of live broilers.

Thus, with the rising chicken meat consumption by domestic and international consumers, the Thai poultry industry is expanding, which is further driving the domestic market for compound feed.

Competitive Landscape
The Thai compound feed market is a moderately fragmented market, with major players holding a smaller share of the market as compared to other smaller players. Charoen Pokphand Foods PCL, Cargill Inc., and Alltech Inc. are some of the major players operating in this market. The players are expanding and investing in their businesses by adopting various strategies, such as mergers and acquisitions, expansions, partnerships, and product launches.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off


  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Probiotics in Animal Feed Market by Livestock, Source, Form And Region - Global Forecast to 2026

  • $ 4950
  • August 2021
  • 273 pages

The global probiotics in animal feed in animal feed market was valued at USD 4.4 billion in 2020. It is estimated to reach about USD 4.8 billion in 2021 and is projected to grow at a CAGR of 8.8%, to reach ...

  • World
  • APAC
  • Animal Feed
  • Probiotics
  • Industry analysis
  • Livestock Production
  • Poultry Production


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on