Thailand Animal Feed Market to Reach USD 4,465.29 Mn by 2034: Driven by Livestock & Aquafeed Growth

Thailand Animal Feed Market Outlook

The Thailand animal feed market is moving through a phase of steady structural expansion, as rising livestock production, growing protein consumption, and Thailand's deepening role as a regional poultry and aquaculture exporter combine to reshape how the country produces, formulates, and distributes feed.

Increasing urbanization, rising household incomes, and a growing consumer tilt toward protein-rich diets are widening demand for high-quality feed across the poultry, swine, and aquatic farming sectors. At the same time, the shift toward compound and functional feed formulations — designed to deliver targeted nutrition and stronger disease resistance — is transforming conventional feeding practices among commercial producers.

As precision-nutrition tools, digital farm-management platforms, and antibiotic-free formulations pull the industry away from traditional feeding methods, and as aquaculture modernization widens the addressable base beyond poultry and swine, the market is shifting from a commodity-driven structure toward one built on science-based nutrition, traceability, and export-grade quality.

Market Snapshot

• Market Size (2025): USD 3,537.41 Million
• Forecast Market Size (2034): USD 4,465.29 Million
• CAGR (2026–2034): 2.62%
• Form Segments: Pellets, Crumbles, Mash, Others
• Animal Type Segments: Swine, Ruminants, Poultry, Aquaculture, Others
• Ingredient Segments: Cereals, Oilseed Meal, Molasses, Fish Oil and Fish Meal, Additives, Others
• Regions Covered: Bangkok, Eastern, Northeastern, Southern, Northern, Others
• Poultry Export Volume (Q3 2024): 320,000 Metric Tons — up 11% from Q4 2023
• Leading Form Segment (2025): Pellets — 48% share
• Leading Animal Type Segment (2025): Poultry — 30% share
• Leading Ingredient Segment (2025): Cereals — 42% share
• Key Growth Drivers: Rising livestock production and meat consumption, advancements in feed manufacturing technology, government support and favorable trade policies

Executive Summary

Thailand's animal feed market is set to grow from USD 3,537.41 Million in 2025 to USD 4,465.29 Million by 2034, at a CAGR of 2.62% during 2026–2034, underpinned by the country's position as one of Southeast Asia's leading livestock and aquaculture producers. Pellets lead the market by form with a 48% share, poultry leads by animal type with 30%, and cereals lead by ingredient with 42% — together reflecting a market still anchored in efficient, corn- and rice-based compound feed.

Poultry remains the single largest demand driver. Export volumes hit a historic high of 320,000 Metric Tons in Q3 2024, an 11% increase over Q4 2023, supported by vertically integrated broiler and layer operations built to serve both domestic and export-grade demand.

Momentum is also building outside poultry. Thai Union Feedmill reported record Q2 2025 shrimp feed sales of THB 929 Million, up 13.8% year-over-year, with seabass feed volumes growing 29.1% — signaling that aquaculture modernization is becoming a meaningful second engine of growth alongside the traditional poultry and swine base.

Thailand Animal Feed Market Key Drivers

• Rising Livestock Production and Expanding Meat Consumption

Increasing domestic livestock production and rising meat consumption, fueled by urbanization, population growth, and improving household incomes, are driving significant market growth. Thailand's urban population was recorded at 38,930,064 in 2024, according to World Bank development indicators. Expanding poultry and swine industries are generating substantial demand for high-quality compound feed, while Thailand's standing as a leading poultry exporter means large-scale broiler operations require continuous, high-volume feed inputs to sustain export-grade production. Rising preference for protein-rich diets and the spread of modern retail channels are reinforcing this domestic demand base.

• Advancements in Feed Manufacturing Technologies and Smart Production Systems

Thai producers are investing in automation, IoT connectivity, and AI-driven analytics that turn traditional feed mills into smart factories capable of precision manufacturing and real-time quality monitoring. These systems help optimize formulations, minimize wastage, and maintain consistent nutritional profiles across diverse livestock requirements, while also improving traceability to support compliance with feed safety and export quality standards. Predictive maintenance and data-driven process optimization are further reducing downtime and improving throughput in large-scale mills.

• Government Support and Favorable Trade Policies

Government policy and trade frameworks are helping ensure raw material availability and promote agricultural development. Duty-free corn imports from neighboring ASEAN countries during specified periods help bridge the gap between domestic corn production and rising feed demand, while income insurance schemes with guaranteed minimum prices encourage stable domestic grain cultivation. Ongoing efforts to strengthen food safety standards, promote sustainable sourcing, and enhance veterinary oversight are creating a more supportive regulatory environment for investment.

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Thailand Animal Feed Market Emerging Trends

• Adoption of Precision Nutrition and Digital Technologies in Feed Production

The industry is increasingly embracing precision nutrition and digital platforms — near-infrared spectroscopy, microbiome analytics, and cloud-based farm management tools — to optimize feeding strategies and monitor animal health in real time. In March 2025, Cargill showcased Galleon, an AI-powered gut microbiome platform, and Reveal Layers, a near-infrared body-fat measurement technology, at VIV Asia 2025 in Thailand, underscoring the industry's shift toward data-driven, science-based feed management.

• Transition Toward Antibiotic-Free and Sustainable Feed Formulations

Producers are incorporating probiotics, plant-based additives, and enzyme-enhanced feeds to support animal health while meeting stringent international food safety standards demanded by export markets. In December 2024, CP Foods became the first organization in Thailand to receive Global G.A.P. certification for its Pak Thong Chai and Sriracha feed mills, reflecting the industry's move toward transparent, traceable, and environmentally responsible production.

• Expansion of the Aquafeed Segment Driven by Aquaculture Modernization

Feed manufacturers are developing specialized formulations for shrimp, seabass, and freshwater species that improve feed conversion ratios and reduce environmental impact. Thai Union Feedmill's record Q2 2025 performance — shrimp feed sales of THB 929 Million (up 13.8% year-over-year) and seabass feed volume growth of 29.1% — points to intensifying demand for high-quality aquafeed as the country strengthens its aquaculture competitiveness globally.

Thailand Animal Feed Market Challenges

• Volatility in Raw Material Prices and Supply Chain Vulnerabilities

Fluctuations in the prices of corn, soybean meal, and fishmeal pose a persistent challenge, since raw materials form the largest cost component in feed production. Reliance on imported inputs further exposes manufacturers to currency movements, trade policy shifts, and logistical constraints that can pressure margins.

• Regulatory Compliance Pressures and Rising Operational Costs

Tightening regulations around feed safety, antibiotic usage, environmental emissions, and traceability are raising operational costs. Meeting export-market standards set by the EU and Japan requires significant investment in quality assurance and testing infrastructure — a burden that falls disproportionately on smaller producers and could accelerate market consolidation.

• Competition from Low-Cost Regional Producers and Import Pressures

Lower-cost producers in Vietnam, India, and China are expanding feed production capacity, intensifying competition for both domestic and export markets. Cross-border ASEAN trade dynamics add further pricing pressure, particularly in commodity-grade feed segments where differentiation is limited.

Government Initiatives Supporting the Market

• Duty-Free ASEAN Corn Import Policy: Favorable trade arrangements allow duty-free corn imports from neighboring ASEAN countries during specified periods, helping bridge domestic supply gaps.
• THB 1 Billion Corn Purchase and Loan Fund (March 2023): The Thai government approved this fund to facilitate corn purchases and provide low-interest loans to feed producers.
• Income Insurance Scheme for Corn Farmers: Guaranteed minimum prices encourage stable domestic grain cultivation and supply.
• Strengthened Food Safety and Sustainability Oversight: Continued efforts to reinforce food safety standards, sustainable sourcing practices, and veterinary oversight are shaping a more supportive regulatory environment for feed producers.

Thailand Animal Feed Market Segment Insights

Form Insights:

• Pellets
• Crumbles
• Mash
• Others

Pellets dominate with a market share of 48% of the total Thailand animal feed market in 2025.

Animal Type Insights:

• Swine — Starter, Finisher, Grower
• Ruminants — Calves, Dairy Cattle, Beef Cattle, Others
• Poultry — Broilers, Layers, Turkeys, Others
• Aquaculture — Carps, Crustaceans, Mackerel, Milkfish, Mollusks, Salmon, Others
• Others

Poultry leads with a share of 30% of the total Thailand animal feed market in 2025.

Ingredient Insights:

• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives — Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others
• Others

Cereals exhibit a clear dominance with a 42% share of the total Thailand animal feed market in 2025.

Regional Insights:

• Bangkok
• Eastern
• Northeastern
• Southern
• Northern
• Others

Competitive Landscape

The Thailand animal feed market is highly competitive, characterized by vertically integrated agro-industrial conglomerates that control the value chain from feed production through livestock farming and food processing. Large-scale domestic players and international corporations compete on product quality, pricing, and technological innovation, investing in precision nutrition technologies, smart manufacturing systems, and sustainable production practices to strengthen positioning. Strategic partnerships, capacity expansions, and product portfolio diversification remain the primary competitive levers for capturing domestic and export demand.

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Investment Opportunities

• Precision Nutrition and Digital Feed Management Platforms: Rising adoption of near-infrared spectroscopy, microbiome analytics, and cloud-based farm management tools points to continued opportunity in data-driven feed technology and monitoring solutions.
• Aquafeed Capacity Expansion: Thai Union Feedmill's Q2 2025 growth in shrimp (13.8% YoY) and seabass (29.1%) feed volumes signals sustained opportunity in specialized aquafeed manufacturing as aquaculture modernization continues.
• Antibiotic-Free and Functional Feed Additives: Growing demand for probiotics, plant-based additives, and enzyme-enhanced formulations — driven by export-market requirements in the EU, Japan, and UK — supports continued investment in functional feed ingredient production.

Frequently Asked Questions (FAQ)

• What is the Thailand animal feed market size in 2025?

The market was valued at USD 3,537.41 Million in 2025, supported by rising livestock production, growing protein consumption, and expanding poultry exports.

• What is the projected market size by 2034?

The market is projected to reach USD 4,465.29 Million by 2034, growing at a CAGR of 2.62% during 2026–2034.

• Which segment leads the Thailand animal feed market?

Pellets lead by form with a 48% share, poultry leads by animal type with a 30% share, and cereals lead by ingredient with a 42% share, all in 2025.

• How significant is poultry export growth for the market?

Poultry export volume reached a historic high of 320,000 Metric Tons in Q3 2024, up 11% from Q4 2023, reflecting strong international demand.

• What role is aquafeed playing in market growth?

Thai Union Feedmill reported record Q2 2025 shrimp feed sales of THB 929 Million (up 13.8% year-over-year) and 29.1% growth in seabass feed volumes, highlighting aquaculture's rising contribution to feed demand.

• What are the key challenges facing the market?

The market faces raw material price volatility, rising regulatory compliance costs for export markets, and competitive pressure from lower-cost producers in Vietnam, India, and China.

Conclusion

Thailand's animal feed market stands at a point where traditional strengths — an entrenched poultry export base and abundant domestic corn supply — are being layered with newer growth engines. Three forces will shape the market through 2034: precision nutrition and digital feed technologies reshaping how producers formulate and monitor feed; the shift toward antibiotic-free, traceable production meeting stricter export-market standards; and aquaculture modernization widening the market beyond poultry and swine into specialized aquafeed.

Producers that invest in smart manufacturing, functional and sustainable feed ingredients, and export-grade quality systems will be best positioned to capture growth as the market advances toward 2034.

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