South Korea Animal Feed Market - Forecasts from 2025 to 2030

The South Korea animal feed market is expected to grow at a CAGR of 2.04%, reaching a market size of US$7.67 billion in 2030 from US$6.93 billion in 2025.Several factors are propelling the market for South Korean animal feed such as increased production and demand for animal-related meat products. For example, the demand for pork meat has increased from 28.8 kg/capita in 2022 to 29.9 kg/capita in 2024.Further, key developments within the country propitiate the market growth. For instance, in March 2023, BASF and Cargill expanded their partnership, adding South Korea, the first Asian nation, to their existing feed enzymes development and distribution agreement. The companies are committed to bringing enzyme-based solutions to the market.

Moreover, in 2025, Korea's chicken production is projected to be around 945,000 MT. This is an increase of 1% from the previous year’s 935,000 MT, driven by an increase in broiler inventory throughout 2024 and steady growth in chicken demand. Chicken consumption will also rise by 0.9 per cent (10,000 MT) in 2025. These factors will propel the demand for the poultry in the country.

What are the South Korea Animal Feed Market drivers?

Increasing demand for meat is contributing to the South Korean animal Feed market expansion.One of the key factors pushing the market for animal feed in South Korea is the increased demand for meat. This is possibly due to demographic factors and shifting consumption patterns in the country.According to the data provided by OECD countries, meat consumption in the country has increased subsequently in a few years. The per capita consumption of beef and veal in kilograms was 11.4 in 2021, increased to 12 in 2022, and reached 12.1 in 2023. This increased demand for meat propels the need for animal feed to ensure proper growth and nutrition.An increase in research and development activities, followed by a rise in government initiatives, is also expected to drive South Korea Animal Feed market growth.

South Korea Animal Feed Market segment analysis:

By raw material, soy is anticipated to hold a substantial market share
The growing demand for high-protein animal feed, particularly in the ever-increasing livestock and poultry industries, is expanding the market. Soybean meal, a byproduct of processing soybeans, is valued for its high nutritional and protein content.

Moreover, growing populations and rising incomes, which also result in higher meat consumption, drive the demand for high-protein animal feed. Furthermore, the demand has increased as a result of South Korea's increased production of soy; for instance, 110.8K tons of soy was produced in 2021 which increased to 129.9K tons in 2022.

Furthermore, the cattle and poultry industries significantly impact South Korea's demand for soybean meal. The meal is an important source of protein for pigs, poultry, and other livestock feedstock. Furthermore, South Korean soybeans are genetically modified organisms, or GMOs. Concerns from both domestic and international consumers, along with GMO regulations, are affecting the soybean meal market in South Korea. Additionally, seed innovation aims to give end users in larger soy markets favourable qualities for animal feed and soybean oil.

Key launches in the South Korea Animal Feed Market:

In September 2024. Bovaer, which lowers methane emissions in beef cattle, was the first product approved in South Korea. This DSM-Firmenich product is a big milestone in South Korea's direction toward sustainable agriculture.
In June 2024, leading Ukrainian pet food company Kormotech introduced its Club 4 Paws and Optimeal products in South Korea. In South Korea, these brands can be found in niche internet marketplaces.

The South Korea Animal Feed market is segmented and analyzed as follows:

By Type

Fodder & Forage
Compound Feed

By Livestock

Pork
Aquatic animal
Cattle
Poultry
Others

By Raw Materials

Soy
Corn
Rendered Meal
Others