Plant-based Compound Feed Market Revenue was valued at USD 72.45 Billion in 2024 and is estimated to reach USD 102.46 Billion by 2033, growing at a CAGR of 4.7% from 2026 to 2033.
South Korea's plant-based compound feed market is experiencing significant growth, driven by evolving consumer preferences and industry demands. As the nation shifts towards sustainable and ethical food production, the livestock and aquaculture sectors are increasingly incorporating plant-based protein sources into animal feed formulations. In 2023, South Korea's total compound feed production reached approximately 21.5 million tons, with poultry feed accounting for about 6.1 million tons. citeturn0search1 This substantial output underscores the critical role of plant-based ingredients, such as soybean meal, in meeting the nutritional requirements of livestock. Soybean meal, valued for its high protein content, has become a staple in animal feed, supporting the health and productivity of poultry and swine. The growing emphasis on sustainability has led to the exploration of alternative plant-based proteins. The South Korean animal feed plant-based protein isolates market, which generated revenues of USD 38.2 million in 2024, is projected to reach USD 62.7 million by 2030, reflecting a compound annual growth rate (CAGR) of 8.8%. citeturn0search8 This growth is indicative of the industry's commitment to diversifying protein sources and reducing reliance on traditional animal-based ingredients. Government initiatives further bolster this trend. In October 2023, South Korea's Ministry of Agriculture, Food, and Rural Affairs announced a National Plan to foster the development of the plant-based food industry. This comprehensive strategy includes establishing specialized research facilities for alternative proteins and enhancing the export capacity of Korean plant-based foods. citeturn0search7 Such policies aim to position South Korea as a leader in sustainable food production. The shift towards plant-based compound feed aligns with the broader global movement towards sustainability and ethical consumption. By integrating plant-based proteins into animal feed, South Korea's livestock industry not only meets the nutritional needs of animals but also addresses environmental concerns associated with traditional animal agriculture. This approach reflects a commitment to responsible and forward-thinking practices in food production. As the plant-based compound feed market continues to evolve, it presents opportunities for innovation and collaboration among stakeholders. The focus on sustainable and ethical food production is expected to drive further advancements in feed formulations, benefiting both the industry and consumers. In summary, South Korea's plant-based compound feed market is on an upward trajectory, fueled by industry demand, government support, and a collective move towards sustainability. The integration of plant-based proteins into animal feed is a testament to the nation's dedication to ethical and environmentally friendly food production practices.
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Cargill
ADM
Charoen Pokphand Foods
New Hope Group
Land O' Lakes
Nutreco N.V
Alltech
Guangdong Haid Group
Weston Milling Animal
Feed One
Kent Nutrition
Elanco Animal
De Hues Animal
ForFarmers
Godrej Agrovet
Hueber Feeds
Nor Feed
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Plant-based Compound Feed Market
Concentrates
Premixes
Complete Feed
Poultry
Pigs
Cattle
Aquaculture
Others
Synthetic Ingredients
Natural Ingredients
Organic Ingredients
Complete Feed
Supplementary Feed
Specialty Feed
Online Retail
Offline Retail
Direct Sales
Distributors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Plant-based Compound Feed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Plant-based Compound Feed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Plant-based Compound Feed Market, By Type
6. South Korea Plant-based Compound Feed Market, By Application
7. South Korea Plant-based Compound Feed Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Plant-based Compound Feed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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