South Korea Compound Feed Market- Trend Analysis & Forecasts
Description
South Korea Compound Feed Market Overview:
The South Korea compound feed market stood at an estimated US$ ** billion in 2023, positioning the country as one of the key consumers of animal feed products in East Asia. The market primarily serves the poultry, swine, cattle, aquaculture, and pet food industries. South Korea’s livestock sector, valued at US$ ** billion, relies heavily on compound feeds to ensure efficient production and quality. The country produces about ** million tonnes of compound feed annually, with a mix of domestically manufactured and imported raw materials. Growing meat consumption, especially pork and poultry, which constitute **% of animal protein intake, drives demand for high-quality feed formulations.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the South Korea compound feed market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The compound feed market in South Korea is forecasted to grow at a CAGR of **% through 2030, propelled by rising meat consumption, increasing livestock production efficiency, and growing aquaculture activities. South Korea’s government supports the sector with subsidies and programs aimed at modernizing feed mills and promoting research into nutritionally optimized feed products. Rising consumer awareness about food safety and traceability encourages the use of feed additives that improve animal health and reduce antibiotic use. Additionally, growing pet ownership, with over 25 million pets as of 2023, fuels demand for specialized pet compound feeds. Technological advancements, such as precision feeding systems and incorporation of probiotics, also contribute to market expansion.
Market Restraints & Challenges
Despite steady growth, the South Korea compound feed market faces several challenges. High dependency on imported raw materials such as corn, soybean meal, and vitamins, mainly sourced from the U.S., Brazil, and Argentina, exposes the market to price volatility and supply chain risks. Environmental concerns related to feed production and livestock emissions are prompting stricter regulations, potentially increasing costs. The market also contends with fluctuating livestock population numbers, partly due to disease outbreaks like African Swine Fever, which led to a **% drop in swine numbers in 2022. Stringent safety standards and traceability requirements increase compliance costs for feed manufacturers. Furthermore, competition from alternative feed ingredients and natural additives is intensifying, demanding continuous innovation.
Market Segmentation
South Korea’s compound feed market is segmented by animal type, ingredient composition, and form. Animal types include swine (**%), poultry (**%), cattle (**%), aquaculture (**%), and pets (**%). Swine feed dominates due to Korea’s strong pork consumption, while poultry feed follows closely as chicken remains a staple protein source. Ingredient-wise, corn and soybean meal account for roughly **% of feed composition, supplemented by additives such as amino acids, vitamins, and enzymes. Feed forms are mostly pellets (**%), followed by meal and mash forms. The pet feed segment is increasingly differentiated by type (dry kibble, wet food) and targeted nutrition (age, breed-specific), reflecting evolving consumer preferences.
Competitive Landscape
The South Korea compound feed market is characterized by a mix of large multinational corporations and domestic players. Leading companies include CJ CheilJedang, Nonghyup Feed, and Daehan Feed, which dominate with integrated operations encompassing feed manufacturing, livestock production, and food processing. These players invest heavily in R&D to develop specialized feeds with enhanced nutritional profiles and to improve sustainability by incorporating alternative proteins such as insect meal. International firms like Cargill and ADM also have a presence, primarily through import and distribution of raw materials and feed additives. Competition focuses on product innovation, supply chain reliability, and compliance with environmental and safety regulations. Strategic partnerships between feed producers and livestock farmers are common to ensure tailored nutrition solutions.
Outlook
The South Korea compound feed market is expected to maintain a positive growth trajectory, reaching a valuation above US$ ** billion by 2030. Growth will be supported by increasing meat and aquaculture consumption, technological adoption in feed formulation, and expanding pet food demand. Sustainability initiatives, including the use of eco-friendly ingredients and reduction of environmental impact, will shape industry trends. Government policies aimed at food security and livestock health will encourage feed quality improvements and innovation. Digital transformation, including precision feeding and blockchain for traceability, will enhance operational efficiency and consumer confidence. Overall, the market will evolve toward greater product differentiation, sustainability, and integration with the broader livestock value chain.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Poultry (Chick, Broiler, and Layer), Cattle (Dairy & Beef), Swine, and Others)
By Sales (Domestic Consumption and Exports/ Imports)
• Companies Profiled: The market players include, CJ CheilJedang, Daehan Feed Co., Ltd., Harim Group, Nonghyup Feed Co., Ltd., Samyang Feed Co., Ltd., Dongbu Farm Hannong Co., Ltd., Sunjin Co., Ltd., Cargill Korea, Daesang Feed Co., Ltd., Kyoritsu Seiyaku Co., Ltd., FeedOne Co., Ltd., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
The South Korea compound feed market stood at an estimated US$ ** billion in 2023, positioning the country as one of the key consumers of animal feed products in East Asia. The market primarily serves the poultry, swine, cattle, aquaculture, and pet food industries. South Korea’s livestock sector, valued at US$ ** billion, relies heavily on compound feeds to ensure efficient production and quality. The country produces about ** million tonnes of compound feed annually, with a mix of domestically manufactured and imported raw materials. Growing meat consumption, especially pork and poultry, which constitute **% of animal protein intake, drives demand for high-quality feed formulations.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the South Korea compound feed market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The compound feed market in South Korea is forecasted to grow at a CAGR of **% through 2030, propelled by rising meat consumption, increasing livestock production efficiency, and growing aquaculture activities. South Korea’s government supports the sector with subsidies and programs aimed at modernizing feed mills and promoting research into nutritionally optimized feed products. Rising consumer awareness about food safety and traceability encourages the use of feed additives that improve animal health and reduce antibiotic use. Additionally, growing pet ownership, with over 25 million pets as of 2023, fuels demand for specialized pet compound feeds. Technological advancements, such as precision feeding systems and incorporation of probiotics, also contribute to market expansion.
Market Restraints & Challenges
Despite steady growth, the South Korea compound feed market faces several challenges. High dependency on imported raw materials such as corn, soybean meal, and vitamins, mainly sourced from the U.S., Brazil, and Argentina, exposes the market to price volatility and supply chain risks. Environmental concerns related to feed production and livestock emissions are prompting stricter regulations, potentially increasing costs. The market also contends with fluctuating livestock population numbers, partly due to disease outbreaks like African Swine Fever, which led to a **% drop in swine numbers in 2022. Stringent safety standards and traceability requirements increase compliance costs for feed manufacturers. Furthermore, competition from alternative feed ingredients and natural additives is intensifying, demanding continuous innovation.
Market Segmentation
South Korea’s compound feed market is segmented by animal type, ingredient composition, and form. Animal types include swine (**%), poultry (**%), cattle (**%), aquaculture (**%), and pets (**%). Swine feed dominates due to Korea’s strong pork consumption, while poultry feed follows closely as chicken remains a staple protein source. Ingredient-wise, corn and soybean meal account for roughly **% of feed composition, supplemented by additives such as amino acids, vitamins, and enzymes. Feed forms are mostly pellets (**%), followed by meal and mash forms. The pet feed segment is increasingly differentiated by type (dry kibble, wet food) and targeted nutrition (age, breed-specific), reflecting evolving consumer preferences.
Competitive Landscape
The South Korea compound feed market is characterized by a mix of large multinational corporations and domestic players. Leading companies include CJ CheilJedang, Nonghyup Feed, and Daehan Feed, which dominate with integrated operations encompassing feed manufacturing, livestock production, and food processing. These players invest heavily in R&D to develop specialized feeds with enhanced nutritional profiles and to improve sustainability by incorporating alternative proteins such as insect meal. International firms like Cargill and ADM also have a presence, primarily through import and distribution of raw materials and feed additives. Competition focuses on product innovation, supply chain reliability, and compliance with environmental and safety regulations. Strategic partnerships between feed producers and livestock farmers are common to ensure tailored nutrition solutions.
Outlook
The South Korea compound feed market is expected to maintain a positive growth trajectory, reaching a valuation above US$ ** billion by 2030. Growth will be supported by increasing meat and aquaculture consumption, technological adoption in feed formulation, and expanding pet food demand. Sustainability initiatives, including the use of eco-friendly ingredients and reduction of environmental impact, will shape industry trends. Government policies aimed at food security and livestock health will encourage feed quality improvements and innovation. Digital transformation, including precision feeding and blockchain for traceability, will enhance operational efficiency and consumer confidence. Overall, the market will evolve toward greater product differentiation, sustainability, and integration with the broader livestock value chain.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Poultry (Chick, Broiler, and Layer), Cattle (Dairy & Beef), Swine, and Others)
By Sales (Domestic Consumption and Exports/ Imports)
• Companies Profiled: The market players include, CJ CheilJedang, Daehan Feed Co., Ltd., Harim Group, Nonghyup Feed Co., Ltd., Samyang Feed Co., Ltd., Dongbu Farm Hannong Co., Ltd., Sunjin Co., Ltd., Cargill Korea, Daesang Feed Co., Ltd., Kyoritsu Seiyaku Co., Ltd., FeedOne Co., Ltd., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
142 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Product/ Market Overview
- 3.1. Evolution/ Origin & Geographic/ Agronomic Suitability
- 3.2. Livestock Population Dynamics
- 3.3. Compound Feed Feedstocks Availability
- 3.4. Processing & Grading
- 3.5. Compound Feed Uses & Application Areas
- 3.6. Regulatory Analysis
- 4. South Korea: Country Profile
- 5. South Korea Compound Feed Market Growth Factors Analysis
- 5.1. Drivers and Restraints Analysis
- 5.2. Challenges and Opportunities Analysis
- 5.3. South Korea Compound Feed Industry SWOT Analysis
- 5.4. South Korea Compound Feed Market PESTEL Analysis
- 5.5. South Korea Compound Feed Market Porter's Five Forces analysis
- 6. South Korea Compound Feed Market: Supply Analysis
- 6.1. South Korea Compound Feed Production Analysis
- 6.2. South Korea Compound Feed Production, by Type
- 7. South Korea Compound Feed Market: Demand Analysis
- 7.1. Domestic Consumption
- 7.2. Export Demand
- 7.3. Compound Feed Supply Chain Analysis
- 7.4. Compound Feed Product Variants
- 8. South Korea Compound Feed Market, Segmentation Analysis
- 8.1. South Korea Compound Feed Market, by Type
- 8.1.1. Poultry
- 8.1.1.1. Chick
- 8.1.1.2. Broiler
- 8.1.1.3. Layer
- 8.1.2. Cattle
- 8.1.2.1. Dairy Cattles
- 8.1.2.2. Beef Cattle
- 8.1.3. Swine
- 8.1.4. Others
- 8.2. South Korea Compound Feed Market, Sales Type
- 8.2.1. Domestic Sales
- 8.2.2. Export/ Import Demand
- 9. South Korea Compound Feed Market: Trade (Export & Import) Analysis
- 9.1. Compound Feed Export Trend Analysis
- 9.2. Top 10 Export Destinations of South Korea Compound Feed
- 9.3. Compound Feed Import Trend Analysis
- 9.4. Top 10 Import Origins of South Korea Compound Feed
- 10. South Korea Compound Feed Market: Price Trend Analysis
- 10.1. Domestic Price Trend
- 10.2. Export Price Trend
- 10.3. Price Seasonality & Price Pattern Analysis
- 10.4. Price Events Analysis
- 11. Competitive Analysis
- 11.1. South Korea Compound Feed Market Mapping
- 11.1.1. List of Key Countries Importing Compound Feed from South Korea
- 11.1.2. List of Key Companies Exporting & Importing Compound Feed from South Korea
- 11.2. Company Profiles
- 11.2.1. CJ CheilJedang
- 11.2.2. Daehan Feed Co., Ltd.
- 11.2.3. Harim Group
- 11.2.4. Nonghyup Feed Co., Ltd.
- 11.2.5. Samyang Feed Co., Ltd.
- 11.2.6. Dongbu Farm Hannong Co., Ltd.
- 11.2.7. Sunjin Co., Ltd.
- 11.2.8. Cargill Korea
- 11.2.9. Daesang Feed Co., Ltd.
- 11.2.10. Kyoritsu Seiyaku Co., Ltd.
- 11.2.11. FeedOne Co., Ltd.
- 12. Conclusion
- 13. Appendix
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