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The Indonesia animal feed market is expected to exhibit a CAGR of around 5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Animal feed includes semi-processed and raw products used for the consumption of livestock and poultry. These products are usually prepared by blending numerous ingredients with high nutritional content, such as silage, sprouted grains, hay, straw, oils, and legumes. Animal feed is enriched with proteins, carbohydrates, fibers, minerals, enzymes, and acidifiers which help in enhancing animal growth and assist in improving the quality of animal-derived products, including milk, meat, or eggs. Some of the common feed variants include poultry feed, cattle feed, aquafeed, etc.
The growing consumption of animal-based products which has led to the expansion of the livestock and poultry industries is primarily driving the Indonesia animal feed market. Besides this, the shifting consumer preferences from a high-calorie, carb-based diet toward protein-rich alternatives, including milk, egg, seafood, and meat, are further augmenting the market growth. In line with this, the escalating adoption of high-quality feed additives to reduce disease outbreaks in cattle and enhance the nutritional value of end products is also propelling the product demand in the country. Moreover, the launch of several innovative policies by the Indonesian Feed mills Association for quantitative and qualitative improvement in livestock production systems is positively influencing the regional market. Apart from this, the rising utilization of algae-based components, mostly including spirulina and chlorella, in feed for boosting the immune system and reducing health risks in animals is acting as another significant growth-inducing factor. Additionally, the changing consumer inclination from conventional poultry products, which usually consist of antibiotics, GMOs, chemical additives, etc., towards organic variants is expected to drive the Indonesia animal feed market over the forecasted period.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indonesia animal feed market report, along with forecasts for the period 2022-2027. Our report has categorized the market based on animal type, form and ingredient.
Breakup by Animal Type:
Breakup by Form:
Breakup by Ingredient:
The competitive landscape of the industry has also been examined with some of the key players being ADM, BASF SE, PT Cargill Indonesia, IT CJ INDONESIA, Louis Dreyfus Company, PT Central Proteina Prima Tbk (CP Prima), PT Charoen Pokphand Indonesia, Tbk, PT Japfa Comfeed Indonesia Tbk, PT Malindo Feedmill Tbk, and PT Sreeya Sewu Indonesia Tbk.
|Base Year of the Analysis||2021|
|Segment Coverage||Animal Type, Form, Ingredient|
|Companies Covered||ADM, BASF SE, PT Cargill Indonesia, IT CJ INDONESIA, Louis Dreyfus Company, PT Central Proteina Prima Tbk (CP Prima), PT Charoen Pokphand Indonesia, Tbk, PT Japfa Comfeed Indonesia Tbk, PT Malindo Feedmill Tbk, and PT Sreeya Sewu Indonesia Tbk.|
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