| Product Code: ETC380005 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for animal feed protein ingredients in 2024 exhibited a growth rate of 10.01%, with a compound annual growth rate (CAGR) of 3.64% from 2020 to 2024. This momentum can be attributed to a notable demand shift towards high-quality protein sources in the livestock industry, driving market stability and fostering trade opportunities in the sector.
The market for animal feed protein ingredients in Thailand is closely tied to the country`s livestock and aquaculture industries. High-quality protein sources are essential for animal nutrition, and various ingredients like soybean meal, fishmeal, and poultry by-products are used in animal feed formulations. As the demand for meat, dairy, and aquaculture products increases in response to rising consumer incomes, the animal feed protein ingredients market is expected to grow.
The animal feed protein ingredients market in Thailand is witnessing robust growth due to several key drivers. First, the growing global demand for meat and dairy products has increased the need for high-quality animal feed. Second, as consumers become more health-conscious, there`s a shift towards protein-rich diets for livestock, which drives the demand for protein ingredients in animal feed. Third, increased government support and investment in the agriculture sector further stimulate market growth. Lastly, technological advancements in feed processing and ingredient sourcing are enhancing the efficiency of feed production, thereby supporting market expansion.
The Thailand animal feed protein ingredients market faces several challenges. Firstly, there is a growing demand for protein-rich feed due to the expansion of the livestock industry. However, the sourcing of quality protein ingredients can be challenging. Issues such as price fluctuations, availability, and quality control can hinder the stability of the market. Additionally, there is increasing scrutiny on the sustainability of protein sources, which poses challenges in terms of meeting environmentally-friendly criteria.
The animal feed protein ingredients market in Thailand experienced some disruptions during the COVID-19 pandemic. Supply chain issues affected the availability of protein sources for animal feed, leading to increased costs and potential shortages. Producers and farmers had to find alternative protein sources and adjust formulations to ensure the nutritional needs of livestock were met.
The Thailand animal feed protein ingredients market has witnessed the involvement of leading companies in the production of high-quality protein sources for animal nutrition. Key players include Thai Foods Group, Thai Union Group, and Cargill Thailand. These firms are integral to the supply chain of protein ingredients used in animal feed formulations.