| Product Code: ETC4595246 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand import momentum for plant-based protein in the feed industry saw significant growth from 2023 to 2024, with a 22.6% increase. The compound annual growth rate (CAGR) for 2020-2024 stood at 27.01%. This surge in imports could be attributed to a shifting demand towards sustainable and plant-based feed options, reflecting evolving consumer preferences and environmental concerns in the market.
With the increasing demand for sustainable and plant-based alternatives, the Feed Plant-based Protein Market is contributing to more environmentally friendly animal feed options in Thailand.
The Thailand Feed Plant-based Protein market is experiencing significant growth, driven by the increasing awareness of sustainable protein sources and the need to reduce reliance on traditional protein ingredients in animal feed. Plant-based proteins, derived from sources such as soybeans, peas, and canola, play a crucial role in providing alternative and environmentally friendly protein options for livestock and poultry. As Thailand animal feed industry seeks to address challenges related to protein sustainability, the demand for plant-based protein ingredients is on the rise. The market growth is further propelled by advancements in protein extraction technologies, the emphasis on sustainable feed formulations, and efforts to minimize the environmental impact of animal agriculture.
The feed plant-based protein market in Thailand encounters challenges that impact its role in providing sustainable and alternative protein sources for animal feed. One significant challenge is the scalability and cost-effectiveness of plant-based protein production, especially as demand continues to rise. Overcoming this challenge requires investments in technology, research, and infrastructure to enhance the efficiency of plant-based protein production. Additionally, addressing concerns about the nutritional adequacy of plant-based proteins for different animal species poses a technical challenge that requires continuous innovation and formulation adjustments. Collaborative efforts between feed manufacturers, agricultural researchers, and policy-makers are essential to overcome these challenges and establish plant-based proteins as a viable and sustainable component of animal feed in Thailand.
The Thailand Feed Plant-based Protein Market has experienced disruptions due to the COVID-19 pandemic, affecting the production and availability of plant-based protein sources for animal feed. The market is anticipated to recover as the demand for sustainable and alternative protein options in livestock diets continues to grow.
In the Thailand Feed Plant-based Protein Market, key players such as Cargill, Archer Daniels Midland Company (ADM), and Bunge Limited are playing crucial roles. Cargill, a major contributor, is actively involved in providing plant-based protein solutions for animal feed, addressing the increasing demand for sustainable protein sources. Their focus on innovation and sustainability positions Cargill as a key player in shaping the landscape of plant-based protein in animal feed in Thailand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Feed Plant-based Protein Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Feed Plant-based Protein Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Feed Plant-based Protein Market - Industry Life Cycle |
3.4 Thailand Feed Plant-based Protein Market - Porter's Five Forces |
3.5 Thailand Feed Plant-based Protein Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Thailand Feed Plant-based Protein Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
3.7 Thailand Feed Plant-based Protein Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Thailand Feed Plant-based Protein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness towards health and sustainability |
4.2.2 Growing demand for plant-based protein products as an alternative to meat |
4.2.3 Government initiatives and regulations promoting plant-based diets |
4.3 Market Restraints |
4.3.1 High production costs associated with plant-based protein production |
4.3.2 Limited availability of raw materials for plant-based protein production |
4.3.3 Lack of consumer acceptance and taste preferences towards plant-based products |
5 Thailand Feed Plant-based Protein Market Trends |
6 Thailand Feed Plant-based Protein Market, By Types |
6.1 Thailand Feed Plant-based Protein Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Thailand Feed Plant-based Protein Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Thailand Feed Plant-based Protein Market Revenues & Volume, By Soy, 2021-2031F |
6.1.4 Thailand Feed Plant-based Protein Market Revenues & Volume, By Wheat, 2021-2031F |
6.1.5 Thailand Feed Plant-based Protein Market Revenues & Volume, By Pea, 2021-2031F |
6.1.6 Thailand Feed Plant-based Protein Market Revenues & Volume, By Sunflower, 2021-2031F |
6.2 Thailand Feed Plant-based Protein Market, By Livestock |
6.2.1 Overview and Analysis |
6.2.2 Thailand Feed Plant-based Protein Market Revenues & Volume, By Pets, 2021-2031F |
6.2.3 Thailand Feed Plant-based Protein Market Revenues & Volume, By Swine, 2021-2031F |
6.2.4 Thailand Feed Plant-based Protein Market Revenues & Volume, By Ruminants, 2021-2031F |
6.2.5 Thailand Feed Plant-based Protein Market Revenues & Volume, By Poultry, 2021-2031F |
6.2.6 Thailand Feed Plant-based Protein Market Revenues & Volume, By Aquatic Animals, 2021-2031F |
6.3 Thailand Feed Plant-based Protein Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Thailand Feed Plant-based Protein Market Revenues & Volume, By Concentrates, 2021-2031F |
6.3.3 Thailand Feed Plant-based Protein Market Revenues & Volume, By Isolates, 2021-2031F |
7 Thailand Feed Plant-based Protein Market Import-Export Trade Statistics |
7.1 Thailand Feed Plant-based Protein Market Export to Major Countries |
7.2 Thailand Feed Plant-based Protein Market Imports from Major Countries |
8 Thailand Feed Plant-based Protein Market Key Performance Indicators |
8.1 Percentage increase in the number of plant-based protein product launches |
8.2 Growth in the number of plant-based protein manufacturers in Thailand |
8.3 Consumer acceptance rate of plant-based protein products |
8.4 Percentage of retail shelf space allocated to plant-based protein products |
8.5 Adoption rate of plant-based protein in food service establishments |
9 Thailand Feed Plant-based Protein Market - Opportunity Assessment |
9.1 Thailand Feed Plant-based Protein Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Thailand Feed Plant-based Protein Market Opportunity Assessment, By Livestock, 2021 & 2031F |
9.3 Thailand Feed Plant-based Protein Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Thailand Feed Plant-based Protein Market - Competitive Landscape |
10.1 Thailand Feed Plant-based Protein Market Revenue Share, By Companies, 2024 |
10.2 Thailand Feed Plant-based Protein Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |