Japan Animal Feed Market Insights Forecasts to 2033

• The Japan Animal Feed Market Size was valued at USD 11.21 Billion in 2023
• The Market is Growing at a CAGR of 2.33% from 2023 to 2033
• The Japan Animal Feed Market Size is Expected to Reach USD 14.11 Billion by 2033

The Japan Animal Feed Market is Anticipated to Reach USD 14.11 Billion by 2033, growing at a CAGR of 2.33% from 2023 to 2033.

Market Overview

Animal feed is a vital component of modern livestock production since it provides the vital nutrients required for the development, well-being, and productivity of animals. Technological developments in feed production are another new trend in the animal feed industry in Japan. Increasing the feed's nutritional value requires these improvements, which also improve feed production efficiency. The increasing need for animal protein is another important driving force behind the growth of animal husbandry activities in Japan. As a result, feed production has increased dramatically in Japan to meet the needs of various livestock groups, including pigs, poultry, and aquaculture. Furthermore, it is anticipated that rising disposable income and improved lifestyles will increase demand for chicken meat, particularly broiler, in the upcoming years, boosting Japan's total poultry feed supply. Japan's rising need for meals high in protein has increased the country's consumption of chicken, which is expected to fuel market demand and consumption of feed items to enhance the health of poultry and their byproducts.

Report Coverage

This research report categorizes the market for the Japan animal feed market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan animal feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan animal feed market.

Driving Factors

The Japanese government is improving the country's animal feed industry's rate of self-sufficiency and reducing its reliance on imports. The main drivers of increasing animal feed output in the local market are more government intervention and decreased imports. This is one of the main factors propelling the Japanese animal feed market. Furthermore, Japan's meat consumption hit a 10-year high in fiscal year 2022, with each person consuming 34 kg of meat annually. One of the key elements driving the Japanese animal feed business is the country's rising meat consumption. The requirement for premium animal feed is rising along with the demand for meat, which is propelling market expansion. Additionally, Cargill is committed to offering customized products and solutions for the Japanese feed market that optimize animal production through diet, digestive health, and science-based feed additives. Many companies in Japan focus on their R&D on animal feed, which is a crucial factor propelling the growth of the animal feed market in Japan.

Restraining Factors

Production costs are expected to be impacted by changes in the price of the raw materials needed to make feed additives.

Market Segmentation

The Japan animal feed market share is classified into form and ingredient.

• The pellets segment is expected to hold the largest market share through the forecast period.   

The Japan animal feed market is segmented by form into pellets, crumbles, mash, and others. Among these, the pellets segment is expected to hold the largest market share through the forecast period. Many manufacturers and consumers find these homogeneous, compressed feed forms appealing since they are convenient for feeding, storage, and transportation. Additionally, pellets are more appealing due to their higher nutritional density and lower waste.

• The cereals segment is expected to dominate the Japan animal feed market during the forecast period.       

Based on the ingredient, the Japan animal feed market is divided into cereals, oilseed meal, molasses, fish oil and fish meal, additives, and others. Among these, the cereals segment is expected to dominate the Japan animal feed market during the forecast period. Essential carbohydrates found in cereals provide the best possible growth and performance of animals. Accordingly, changes in the economy are important since they affect grains' affordability and availability.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan animal feed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• JAPAN NUTRITION Co.,Ltd.
• Nosan Corporation.
• Alltech Inc.
• KYODO INTERNATIONAL, INC.
• Feedone Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, a partnership has been established between the French insect producer Ÿnsect and the Japanese corporation Marubeni to work together on incorporating Ÿnsect's insect protein into fish feed intended for Japanese aquaculture.

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Animal Feed Market based on the below-mentioned segments:

Japan Animal Feed Market, By Form

• Pellets
• Crumbles
• Mash
• Others

Japan Animal Feed Market, By Ingredient

• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
• Others