Indonesia Animal Feed Market Share and Growth, Upcoming Trends, Revenue, Business Strategies and Future Opportunities 2023-2033: SPER Market Research
Animal feed is essential for maintaining livestock’s wellbeing, development, and production and is a key component of the world’s food supply chain. Animal feed is prepared to fulfil the unique nutritional needs of various animals. It is made from a variety of substances, such as grains, oilseeds, and vitamins and minerals. The quality and quantity of meat, dairy, and other products obtained from animals for human use are improved by this specialised diet, which also promotes optimal development, effective reproduction, and disease resistance in livestock.
According to SPER market research, ‘Indonesia Animal Feed Market Size– By Type, By Livestock, By Source, By Production Systems, By Form, By Raw Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Indonesia Animal Feed Market is predicted to reach USD 13.54 billion by 2033 with a CAGR of 5.01%.
Indonesia’s market growth is primarily fuelled by its increasing population and the rising middle class, leading to a higher demand for meat and dairy products. As dietary preferences change with evolving lifestyles, there is a noticeable increase in meat consumption, necessitating the expansion of the livestock industry and an increased need for animal feed. Technological advancements in feed formulation and production play a vital role in this growth, with innovations focusing on nutrient optimization, feed efficiency, and disease prevention to enhance overall livestock health and productivity. Indonesia’s commitment to sustainable agricultural practices is also a key influence, as there is a growing awareness of the environmental impact of livestock farming, driving a shift toward eco-friendly feed solutions. Government initiatives and regulations aimed at ensuring the quality and safety of animal feed further promote market expansion, creating a competitive landscape that emphasizes responsible production practices. The expansion of Indonesia’s livestock farming sector, driven by both domestic and international demand, is another critical factor, with large-scale farming operations seeking efficient and high-quality feeds to maintain the health and productivity of their animals.
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However, there are issues in the Indonesia Animal Feed Market. Volatility in raw material prices is a serious problem that can have an impact on the price and profitability of making feed. Imported feeds are another competitor in the market, forcing local producers to maintain product competitiveness by keeping prices low and quality high. Deforestation and excessive resource use are both sustainability challenges for the feed industry. Environmentally friendly practises must be put in place and ethical ingredient sourcing for feed must be guaranteed.
Impact of COVID-19 on Indonesia Animal Feed Market
Furthermore, the demand for animal protein has fallen as a result of the COVID-19 pandemic, which has had a negative influence on the export estimates for the beef and chicken meat sector. The need for protein has been further lowered by the closure of food and beverage businesses, particularly those that provide meal services, as well as the decline in travel and tourism. Global trade has also been impacted by shipping problems, which have led to port bottlenecks and a lack of containers. The government of Indonesia has put in place a number of steps to stop the spread of the virus in reaction to the confirmed cases of COVID-19 there. These measures include travel restrictions, social withdrawal, and the ban on public gatherings.
Indonesia Animal Feed Market Key Players:
Additionally, some of the market Key Players are Archer Daniels Midland Company, BASF SE, East Hope Group, Kemin Industries, Inc, Novozymes, Novus International, Royal DSM N.V., Simplot Company, Others.
Our in-depth analysis of the Indonesia Animal Feed Market includes the following segments:
By Type:
- Compound Feed
- Fodder
- Forage
By Livestock:
- Aquatic Animals
- Cattle
- Poultry
- Swine
- Others
By Source:
- Conventional
- Organic
By Production Systems:
- Commercial mills
- Integrated
By Form:
- Dry
- Liquid
By Region:
- Eastern Indonesia,
- Java,
- Kalimantan,
- Sulawesi,
- Sumatra
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Indonesia Animal Feed Market Forecast
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