- freeimages.com/salsachicaChina’s animal feed market is growing rapidly due to increasing demand for meat and meat products, especially pork.
A new report from TechSci Research, "China Animal Feed Market Forecast & Opportunities, 2019," says China’s animal feed market is growing rapidly due to increasing demand for meat and meat products, especially pork.
According to the report, China’s animal feed market is expected to see a CAGR of more than 16 percent from 2014 to 2019.
Growing demand for meat and protein due to rise in household income levels will continue to drive the demand for animal feed from various livestock and poultry farms. The swine feed segment is expected to maintain its dominance, while South China would be the leading revenue-generating region over the next five years.
While the number of feed mills has declined from 10,843 in 2010 to 15,518 in 2005, overall production capacity is anticipated to grow steadily over the forecast period. The country's animal feed market continues to be highly dependent on the prices of raw materials such as wheat, corn and soybean.
"China Animal Feed Market Forecast & Opportunities, 2019" has evaluated the future growth potential of China's animal feed market and provides statistics and information on market structure and consumer behavior trends. The report includes animal feed projections and demand forecasting. It identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in animal feed market in China.