Animal Food Manufacturing in China - Industry Market Research Report

Animal Food Manufacturing in China - Industry Market Research Report

Animal Food Manufacturing in China

China has become the world's second-largest manufacturer of animal feed and pet food. Revenue for the Animal Food Manufacturing industry has fluctuated over the past five years, and is estimated to total $222.7 billion in the current year. The growing population has boosted demand for livestock and poultry, which has promoted the development of animal farming in China and aided the Animal Food Manufacturing industry over the past decade as well. In addition, due to China's economic development and improving living standards of Chinese residents, more people choose to purchase pet food to raise pets instead of cooking themselves, and this trend has also driven the industry revenue growth. However, the trade war between China and the United States, and diseases such as African swine fever and bird flu have restricted industry revenue growth over past five years. Industry revenue is expected to rise at an annualized 0.3% over the five years through 2022, to total $222.7 billion. This trend includes expected growth of 1.4% in the current year.

Businesses in the Animal Food Manufacturing industry in China manufacture pet food, and feed for livestock and poultry raised on farms. Aquaculture and seafood feed manufacturing is not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.