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China feed market grew 6.2% in 2008

04-05-2009 | |
China feed market grew 6.2% in 2008

In 2008, China’s feed industry has continued to show a trend of stable development. The output of China’s feed industry in 2008 reached 131 million tonnes, an increase of 6.2% year-on-year.

Among them, compound feed achieved 99.5 million tonnes, up 6.8% year-on-year; concentrated feed made 26 million tonnes, an increase of 4.4% compared to 2007, and premixes contributed 5.4 million tonnes, an increase of 3.7%.
 
In 2008, China exported 6 million tonnes of feed and the total value was $3 billion; imported 2.5 million tonnes and worth $2 billion.
 
These data can be found in the latest report from Research and Markets "China Feed Market Research 2008-2009".
 
At present, pig and poultry feeds account for 80% of China total feed production, while the global feed industrial structure is pigs, poultry and cattle feed account for one-thirds each.
 
Less pork, more poultry and beef
As expected that in terms of the improvement of living standards, pork consumption will decrease and poultry and beef will increase, and aquatic products will increase as well.
 
It is expected that in the next 5-10 years, after the rapid formation of industrialization of China’s breeding industry, the number of feed companies will quickly reduce.
 
Through mergers and acquisitions, those companies who have advantages in technology, scale and brand will occupy more market share.
 
Consolidation
In recent years, the market concentration of China feed industry has been rising, and further mergers and acquisitions are on the way.
 
In 2008, there were 13 feed companies whose annual production capacity reached over one million tons in China and accounted for one-third of China total feed output.
 
In order to reduce the stress from the upstream and downstream industries, some feed companies started to extend their industry chain into the downstream breeding industry, such as Sichuan New Hope Agribusiness Co., Ltd, Tongwei group, Tech-bank and Zhengbang Group.
 
The China Feed Market Research 2008-2009 can be obtained at Research and Markets.
 
 

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Ziggers
Dick Ziggers Former editor All About Feed





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