Myanmar Animal Feed Market (2024-2030) | Companies, Trends, Share, Forecast, Growth, Revenue, Size, Industry, Value, Analysis & Outlook

Topics Covered in the Myanmar Animal Feed Market

Myanmar Animal Feed Market report thoroughly covers the market by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Myanmar Animal Feed Market Synopsis

Myanmar Animal Feed Market is one of the most significant agriculture sectors in the country. The country’s agriculture industry has been growing in recent years, especially in the animal feed industry. As the country's economic growth continues to rise, the demand for meat and livestock products has been increasing, leading to the expansion of the local animal feed market.

According to 6Wresearch, the Myanmar Animal Feed Market is anticipated to grow at a CAGR of 5.7 % during the forecast period of 2024-2030. The rising middle-class population, coupled with the increasing urbanization rates, has led to a surge in demand for meat, milk, eggs, and other dairy products. This has created a significant opportunity for animal feed manufacturers to cater to the growing demand for high-quality feed products that can boost animal growth and productivity. Another key driver of the Myanmar animal feed market growth is the government's support for the livestock industry. The government has implemented several schemes and initiatives to incentivize domestic production, improve animal health, and enhance quality control measures. Additionally, the government has eased restrictions on imports of raw materials, such as soybean and corn, used for animal feed manufacturing, which has boosted the production capacity of local manufacturers. However, the animal feed market in Myanmar faces several challenges. The industry is largely unorganized, and the manufacturing facilities are not standardized. This has led to a lack of consistency in feed quality, which can impact animal health, growth, and ultimately the quality of meat and dairy products. Despite these challenges, the Myanmar animal feed industry provides lucrative opportunities for investors and players in this sector. The industry is still embryonic, with a relatively low level of penetration compared to other regional markets. This creates a significant scope for market expansion, product innovation, adoption of new technologies, and diversification into value-added product segments. Moreover, the government's continued support for the industry, stable political environment, and strategic location in the ASEAN region, make Myanmar an attractive investment destination for the animal feed industry.

Government policies and schemes introduced in the Myanmar Animal Feed Market

Myanmar animal feed market share has been proliferating rapidly in recent years. With increased demand for animal protein, the market is expected to continue its upward trend. The government of Myanmar has introduced various policies and schemes to support this emerging market. One of the government's key initiatives to support the animal feed market is the Agriculture and Livestock Strategy. The strategy aims to improve the productivity and competitiveness of the livestock industry. It focuses on increasing the availability and accessibility of quality animal feed, promoting commercial livestock production, and enhancing the capacity of farmers and industry players. To facilitate the development of the animal feed market, the government has also introduced the Livestock Feed and Animal Feed Quality Control Law. This law regulates the production, import, and distribution of animal feed in Myanmar. It aims to ensure that animal feed is of high quality, safe for consumption, and meets the nutritional needs of animals.

Leading players in the Myanmar Animal Feed Market

Leading players in the Myanmar animal feed industry include global giants such as Cargill and Charoen Pokphand Foods (CPF), as well as local players such as the Myanmar Feed Mill Group and the Myanmar Livestock and Fisheries Development Company. CPF, one of the largest producers of animal feed in the world, has recently invested in the construction of a new feed mill in Myanmar. The mill is expected to help meet the rising demand for animal feed in the country. Another notable player in the Myanmar animal feed market is the Minh Group, a Vietnamese corporation that has established a joint venture with a local company, Myanmar Agribusiness Public Corporation. The joint venture aims to produce feed for livestock, poultry, and fish in Myanmar.

Market Analysis by Species

By Species, poultry feed is the most produced and consumed in Myanmar as poultry farming is the most popular form of livestock farming in the country. The poultry industry has grown significantly over the years, and the demand for poultry feed has increased as a result. Aqua feed is another growing segment in Myanmar due to its expanding aquaculture industry.

Market Analysis by Type

According to Shivankar, Research Manager, 6Wresearch, Vitamins and minerals are the most widely used animal feed types in Myanmar, accounting for the largest share of the market due to the fact that most farmers lack access to quality feed ingredients, leading to the need for nutritional supplementation. Antibiotics and probiotics are also widely used in the market, mainly to improve animal health and prevent disease.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Myanmar Animal Feed Market Outlook
• Market Size of Myanmar Animal Feed Market, 2023
• Forecast of Myanmar Animal Feed Market, 2030
• Historical Data and Forecast of Myanmar Animal Feed Revenues & Volume for the Period 2020 - 2030
• Myanmar Animal Feed Market Trend Evolution
• Myanmar Animal Feed Market Drivers and Challenges
• Myanmar Animal Feed Price Trends
• Myanmar Animal Feed Porter's Five Forces
• Myanmar Animal Feed Industry Life Cycle
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Myanmar Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Myanmar Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• Myanmar Animal Feed Top Companies Market Share
• Myanmar Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• Myanmar Animal Feed Company Profiles
• Myanmar Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others

Frequently Asked Questions About the Market Study (FAQs):