Thailand's Compound Feed Market: Growth and Leading Players

Market Overview

The Thailand compound feed market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 2.96% from 2024 to 2029. This growth is attributed to the increasing demand for animal protein, particularly in the aqua feed segment.

Key Products in Aqua Feed

In Thailand, the main products in aqua feed include red tilapia, Nile tilapia, catfish, and vannamei shrimp. These species are in high demand due to their nutritional value and their suitability for intensive farming systems.

Leading Market Players

Eurotec Nutrition Group

Eurotec Nutrition Group is a leading marketer and distributor of feed additives in Asia, with a significant presence in Thailand. The company offers a wide range of feed additives, including vitamins, minerals, and enzymes, to support animal growth and health.

Verde

Verde is a Thailand-based animal feed producer and agritech company. Its primary business is the production of animal feed, including compound feed for various livestock species. Verde also provides technical support and nutrition consulting services to farmers.

Market Dynamics

The growth of the Thailand compound feed market is driven by several factors, including:

• Rising demand for animal protein
• Growing aquaculture industry
• Government support for animal agriculture
• Advancements in feed technology

However, the market faces challenges such as:

• Competition from imported feed
• Fluctuating raw material prices
• Disease outbreaks

Conclusion

The Thailand compound feed market is expected to experience significant growth in the coming years. Leading players such as Eurotec Nutrition Group and Verde are well-positioned to capitalize on this growth. The market's prospects are favorable, supported by a growing demand for animal protein and a supportive policy environment.