Thailand’s Animal Feed Market Set for Steady Growth, Projected to Hit USD 4.39 Billion by 2034

Thailand’s animal feed industry is on track for a steady rise over the next decade, with market value expected to climb from USD 3.44 billion in 2024 to more than USD 4.39 billion by 2034. The gradual expansion, supported by a 2.76% CAGR, is being powered by growing livestock production, higher meat consumption and the shift toward compound and functional feeds that deliver stronger nutrition and better disease control across poultry, swine and aquaculture farms.

Source: starblends

Producers across the country are embracing modern feeding systems that improve feed efficiency and bolster animal health, reflecting Thailand’s broader move toward sustainable livestock management. Government policies promoting balanced nutrition and responsible farming have accelerated the adoption of advanced feed formulations, while rising urban incomes continue to fuel demand for high-quality meat and fish products.

Manufacturers are responding to these trends with innovative feed blends tailored to specific livestock needs, integrating functional additives such as probiotics, enzymes and organic acids. These ingredients are quickly replacing traditional antibiotic growth promoters as Thailand pushes for safer, cleaner and more globally competitive meat production. The approach aligns with stricter regulatory standards aimed at improving product safety, boosting consumer trust and elevating Thailand’s position in international markets.

Commercial farms, particularly in the poultry and swine sectors, are driving demand for compound feed due to its consistency, nutrient density and impact on productivity. Collaborative research involving feed mills, biotechnology firms and academic institutions is also influencing the development of next-generation feed products designed to enhance performance and reduce waste. Aquaculture producers are increasingly adopting enzyme-based formulas that improve absorption and support sustainable operations.

Bangkok remains the central hub of the nation’s feed market, supported by strong urban consumption patterns and concentrated livestock activity. The region continues to dominate overall market share, but growth opportunities are emerging across Thailand’s eastern, northern and southern zones as new farms expand and export-oriented producers upgrade their feeding systems.

Industry momentum is further boosted by key developments from major players. Cargill recently showcased new precision-nutrition technologies at VIV Asia, while TFM has outlined a bold roadmap targeting a 2030 revenue milestone through international partnerships and expanded aquafeed lines. Together, these investments underscore the sector’s push toward innovation-driven, sustainable growth.