South Korea Poultry Feed Market- Trend Analysis & Forecasts
Description
South Korea Poultry Feed Market Overview:
The South Korea poultry feed market is a significant segment within the broader compound feed industry, valued at US$ ** billion in 2023. This market supports the country’s poultry sector, which produces over ** million tonnes of chicken meat annually, catering to the domestic demand driven by growing consumer preference for poultry as a primary protein source. Poultry feed accounts for around **% of the total compound feed consumption in South Korea, highlighting its importance in ensuring poultry health, productivity, and product quality. The feed formulations are typically customized to optimize growth rates, feed conversion ratios, and disease resistance, aligning with the needs of commercial poultry farms and smaller-scale producers.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the South Korea poultry 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 poultry feed market in South Korea is forecasted to grow at a compound annual growth rate (CAGR) of about **% through 2030, driven by increasing per capita chicken consumption, which currently stands at around 14 kilograms per annum. Rising urbanization, a growing middle class, and shifting dietary habits favoring lean proteins support this growth. The poultry industry’s adoption of advanced breeding techniques and enhanced biosecurity measures necessitates higher quality feed with balanced nutrition and functional additives such as probiotics and enzymes. Moreover, rising exports of poultry products to neighboring countries including China and Japan also stimulate feed demand. Government initiatives promoting sustainable poultry farming practices and investments in feed mill modernization further contribute to market expansion.
Market Restraints & Challenges
Despite its growth prospects, the South Korea poultry feed market faces several challenges. The market’s heavy reliance on imported feed ingredients, particularly corn and soybean meal sourced from the Americas, exposes producers to global commodity price fluctuations and supply disruptions. Disease outbreaks such as Avian Influenza periodically cause production setbacks, impacting feed demand volatility. Environmental regulations aimed at reducing nitrogen and phosphorus emissions from poultry operations require reformulation of feeds and increased compliance costs. The rising cost of raw materials has also squeezed feed manufacturers’ profit margins. Additionally, consumer concerns about antibiotic residues and feed additives in poultry products push producers to adopt more natural feed ingredients, which may increase formulation costs and complexity.
Market Segmentation
The poultry feed market in South Korea is segmented by feed type, formulation, and end-user. Feed types include starter, grower, finisher, and layer feeds, each tailored to specific growth stages with distinct nutrient profiles. Starter feeds, comprising **% of the market volume, are rich in protein and energy to support early chick development, while grower and finisher feeds account for about **% combined, formulated to optimize growth and meat quality. Layer feeds, used for egg production, comprise **% of the market and focus on calcium and vitamin enrichment. Formulations are broadly categorized into conventional, organic, and antibiotic-free variants, with organic feed gaining traction amid rising consumer health awareness. End-users include commercial poultry farms (**%) and backyard or smallholder farmers (**%), with the former dominating due to scale and efficiency.
Competitive Landscape
The South Korea poultry feed market is highly competitive with both domestic and international players. CJ CheilJedang, a market leader, holds a significant share through its integrated poultry and feed operations, focusing on premium, value-added feed products. Nonghyup Feed and Daehan Feed are other major domestic companies that leverage extensive distribution networks and R&D capabilities. International feed ingredient suppliers such as Cargill and Archer Daniels Midland contribute mainly through ingredient supply and technical support. Innovation in feed additives, including enzymes, probiotics, and plant-based alternatives, is a key area of competition. Companies also compete by offering tailored nutrition solutions aligned with customer needs and environmental regulations. Private label and specialty feed products are increasingly being introduced to cater to niche market segments.
Outlook
The South Korea poultry feed market is expected to grow steadily, projected to reach a market value exceeding US$ ** billion by 2030. Increasing poultry meat consumption, driven by health-conscious consumers, will remain the primary growth driver. Advances in feed formulation technology and a shift towards sustainable and antibiotic-free feeds will reshape the market landscape. The ongoing modernization of poultry farms and feed mills, supported by government policies, will enhance production efficiency and feed quality. Supply chain diversification to mitigate raw material risks will gain importance. Digital technologies such as precision feeding and data analytics are likely to be increasingly adopted, optimizing feed utilization and reducing waste. Overall, the market is set for sustained growth with evolving consumer preferences and regulatory frameworks shaping its trajectory.
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 (Chick Feed, Layer Feed, and Broiler Feed)
By Ingredient (Cereal Grains, Cereal By-products, Fats and oils, Protein Meals, Minerals and Vitamins, and Feed additives)
By Sales (Domestic Consumption and Exports)
• Companies Profiled: The market players include, CJ CheilJedang, Nonghyup Feed Inc., Harim Group, Cargill Korea, ADM Korea, Daehan Feed Co., Samyang Corporation, Trouw Nutrition, Sajo Dongawon Co., Ltd., Nutreco N.V., Heung Sung Feed Co., Ltd., Hanil Feed Co., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
The South Korea poultry feed market is a significant segment within the broader compound feed industry, valued at US$ ** billion in 2023. This market supports the country’s poultry sector, which produces over ** million tonnes of chicken meat annually, catering to the domestic demand driven by growing consumer preference for poultry as a primary protein source. Poultry feed accounts for around **% of the total compound feed consumption in South Korea, highlighting its importance in ensuring poultry health, productivity, and product quality. The feed formulations are typically customized to optimize growth rates, feed conversion ratios, and disease resistance, aligning with the needs of commercial poultry farms and smaller-scale producers.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the South Korea poultry 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 poultry feed market in South Korea is forecasted to grow at a compound annual growth rate (CAGR) of about **% through 2030, driven by increasing per capita chicken consumption, which currently stands at around 14 kilograms per annum. Rising urbanization, a growing middle class, and shifting dietary habits favoring lean proteins support this growth. The poultry industry’s adoption of advanced breeding techniques and enhanced biosecurity measures necessitates higher quality feed with balanced nutrition and functional additives such as probiotics and enzymes. Moreover, rising exports of poultry products to neighboring countries including China and Japan also stimulate feed demand. Government initiatives promoting sustainable poultry farming practices and investments in feed mill modernization further contribute to market expansion.
Market Restraints & Challenges
Despite its growth prospects, the South Korea poultry feed market faces several challenges. The market’s heavy reliance on imported feed ingredients, particularly corn and soybean meal sourced from the Americas, exposes producers to global commodity price fluctuations and supply disruptions. Disease outbreaks such as Avian Influenza periodically cause production setbacks, impacting feed demand volatility. Environmental regulations aimed at reducing nitrogen and phosphorus emissions from poultry operations require reformulation of feeds and increased compliance costs. The rising cost of raw materials has also squeezed feed manufacturers’ profit margins. Additionally, consumer concerns about antibiotic residues and feed additives in poultry products push producers to adopt more natural feed ingredients, which may increase formulation costs and complexity.
Market Segmentation
The poultry feed market in South Korea is segmented by feed type, formulation, and end-user. Feed types include starter, grower, finisher, and layer feeds, each tailored to specific growth stages with distinct nutrient profiles. Starter feeds, comprising **% of the market volume, are rich in protein and energy to support early chick development, while grower and finisher feeds account for about **% combined, formulated to optimize growth and meat quality. Layer feeds, used for egg production, comprise **% of the market and focus on calcium and vitamin enrichment. Formulations are broadly categorized into conventional, organic, and antibiotic-free variants, with organic feed gaining traction amid rising consumer health awareness. End-users include commercial poultry farms (**%) and backyard or smallholder farmers (**%), with the former dominating due to scale and efficiency.
Competitive Landscape
The South Korea poultry feed market is highly competitive with both domestic and international players. CJ CheilJedang, a market leader, holds a significant share through its integrated poultry and feed operations, focusing on premium, value-added feed products. Nonghyup Feed and Daehan Feed are other major domestic companies that leverage extensive distribution networks and R&D capabilities. International feed ingredient suppliers such as Cargill and Archer Daniels Midland contribute mainly through ingredient supply and technical support. Innovation in feed additives, including enzymes, probiotics, and plant-based alternatives, is a key area of competition. Companies also compete by offering tailored nutrition solutions aligned with customer needs and environmental regulations. Private label and specialty feed products are increasingly being introduced to cater to niche market segments.
Outlook
The South Korea poultry feed market is expected to grow steadily, projected to reach a market value exceeding US$ ** billion by 2030. Increasing poultry meat consumption, driven by health-conscious consumers, will remain the primary growth driver. Advances in feed formulation technology and a shift towards sustainable and antibiotic-free feeds will reshape the market landscape. The ongoing modernization of poultry farms and feed mills, supported by government policies, will enhance production efficiency and feed quality. Supply chain diversification to mitigate raw material risks will gain importance. Digital technologies such as precision feeding and data analytics are likely to be increasingly adopted, optimizing feed utilization and reducing waste. Overall, the market is set for sustained growth with evolving consumer preferences and regulatory frameworks shaping its trajectory.
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 (Chick Feed, Layer Feed, and Broiler Feed)
By Ingredient (Cereal Grains, Cereal By-products, Fats and oils, Protein Meals, Minerals and Vitamins, and Feed additives)
By Sales (Domestic Consumption and Exports)
• Companies Profiled: The market players include, CJ CheilJedang, Nonghyup Feed Inc., Harim Group, Cargill Korea, ADM Korea, Daehan Feed Co., Samyang Corporation, Trouw Nutrition, Sajo Dongawon Co., Ltd., Nutreco N.V., Heung Sung Feed Co., Ltd., Hanil Feed Co., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
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