Asia Pacific Corn and Wheat-Based Feed Market Forecast to 2030 - Regional Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Li

Asia Pacific Corn and Wheat-Based Feed Market Forecast to 2030 - Regional Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

The Asia Pacific corn and wheat-based feed market was valued at US$ 74,751.60 million in 2022 and is expected to reach US$ 96,947.33 million by 2030; it is estimated to register a CAGR of 3.3% from 2022 to 2030.

Benefits of Corn and Wheat in Animal Feed Boost Asia Pacific Corn and Wheat-Based Feed Market

Corn and wheat are considered important protein and energy sources in animal feed. Corn-based feed is a high-energy food that provides animals with essential nutrients such as protein, fats, and carbohydrates. The feed is easily digestible. Corn fibers help reduce the cholesterol level and enhance the digestive health of animals. It is a major source of Vitamin A. Owing to the mentioned benefits, corn-based feed improves meat quality and aids milk production among cows and sheep.

Wheat is one of the cereals used to make animal feed with the highest protein content. Wheat has a high energy value with 3.0 to 3.5 Mcal ME (Megacalories of Metabolizable Energy), considered an important energy source in animal feed. Wheat-based feed is mainly used for polygastric animals such as ruminants. Wheat bran is an important source of minerals such as selenium, zinc, iodine, and potassium, which helps in multiple physiological functions such as the immune system. Wheat has a large amount of fiber that facilitates animal digestive processes. Further, wheat has moisture values below 14%; it aids in avoiding problems related to digestibility and contamination by mycotoxin-producing fungi. Such nutritional benefits influence livestock owners to prefer corn and wheat-based feed to maintain or enhance the health of animals. Thus, the benefits associated with corn and wheat-based feed boost the Asia Pacific corn and wheat-based feed market growth.

Asia Pacific Corn and Wheat-Based Feed Market Overview

In Asia Pacific, the demand for corn and wheat-based feed is rising, driven by various factors. One significant factor is the rapid growth of the middle-class population and urbanization across many countries in the region. As incomes rise and lifestyles change, there's a shift toward diets higher in protein, including meat and dairy products. This dietary transition fuels the demand for livestock products, leading to increased livestock production and a higher demand for corn and wheat-based feed to support the growing livestock industry. Also, the growth of organized livestock industry in the developing countries of the region drives the market growth in the coming years.

Asia Pacific also faces challenges related to food security. Many countries in the region heavily rely on imports to meet their food needs, including animal feed. Governments are incentivizing domestic production of feed grains to reduce dependence on external sources and enhance food security. Corn and wheat are favored due to their adaptability to various agro-climatic conditions and relatively high yields per hectare. As a result, there's a surge in demand for these grains as countries strive to boost their self-sufficiency in feed production. The demand for corn and wheat-based animal feed is bolstering in the region due to the presence of large livestock population and milk production. According to Food and Agriculture Organization, India is the world's largest milk producer, with 22 percent of global production, followed by the United States of America, China, Pakistan and Brazil. This factor creates lucrative opportunities in this region which ultimately contributes to the market growth of corn and wheat-based animal feed.

Asia Pacific Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Corn and Wheat-Based Feed Market Segmentation

The Asia Pacific corn and wheat-based feed market is categorized into product type, livestock, and country.

Based on product type, the Asia Pacific corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.

In terms of livestock, the Asia Pacific corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest market share in 2022.

By country, the Asia Pacific corn and wheat-based feed market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific corn and wheat-based feed market share in 2022.

Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, Jungbunzlauer Suisse AG, and Roquette Freres SA are some of the leading companies operating in the Asia Pacific corn and wheat-based feed market.

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