Report

The Philippines animal feed market reached approximately 13.52 Million Tons in 2024. The market is projected to grow at a CAGR of 2.00% between 2025 and 2034, reaching a volume of around 16.48 Million Tons by 2034.

Philippines Animal Feed Market Growth

Rising demand for meat and dairy-based products, growing industrialisation in the livestock sector, and usage of feed additives to enhance the nutritional properties of animal feed are some of the prominent drivers boosting the growth of Philippines animal feed market. The surge in demand for animal-based products is mainly driven by the rise in population and higher disposable incomes, resulting in a rise in per capita meat consumption.

The country is also experiencing a growing need for high-quality feed products due to the growing focus on quality and sustainability. Premium feeds, which are in demand, typically consist of specialised formulas designed to promote health by incorporating amino acids, minerals, and vitamins to improve nutritional value. Furthermore, the importance of environmental sustainability has led to the implementation of methods aimed at reducing the environmental impact of livestock farming. This includes utilising feed ingredients that help in reducing ecological waste.

Key Trends and Recent Developments

Growing poultry production, rising poultry exports, demand for sustainable feed, and increased pet adoption are accelerating the Philippines animal feed market value.

October 2023

The DA-Philippine Carabao Center (DA-PCC) started the implementation of the Feed and Forage Development Project in Mindanao, which aimed to ensure a consistent supply of feed for the growing carabao population in the country. The goal is to promote sustainable carabao-based farming by encouraging the adoption of PCC (Preventive Control for Animal Foods) technologies. Key components of the project include organising learning events, such as technical training on forage and feeding practices, mentorship programs, and the provision of forage choppers to selected carapreneurs.

March 2023

South Korea-based animal nutrition company, CJ Feed & Care launched its Richmade feed brand in the Philippines to promote a farm-to-table business concept. The brand comprised of animal nutrition and breeding management, besides the selling of poultry and livestock products to meet global standards. The company is also operational in Cambodia, China, Malaysia, Japan, Myanmar, Thailand, and Vietnam.

May 2022

ADM, a global animal feed supplier, announced the acquisition of a Philippines-based feed mill owned by the South Sunrays Milling Corporation. The acquisition enabled ADM to meet the growing demand for nutritional animal and pet feed in the Philippines. Moreover, this addition also increased ADM's regional production capacity, providing further opportunities for the company to offer new product solutions in the Asia Pacific region.

June 2021

Philippines-based San Miguel Food and Beverage Inc. announced its plan to spend USD 627.7 million on the expansion of its feed mill business across the Philippines over the coming years. The expansion would witness the establishment of seven new feed mills worth $50 million each with enhanced capacity of production.

Growing Poultry Production Propelling the Market Growth

Increased production of poultry products, owing to their rising consumption in the Philippines, is propelling the animal feed market growth. In 2022, the country produced 454.38 metric tonnes of chickens, a 6.7% rise from the previous year. Similarly, egg production grew by 6.1% during the same period. A further rise in poultry product consumption is expected to raise their production levels to greater volumes, thereby leading to the growth of Philippines animal feed market.

Rising Poultry Exports to Japan Increasing the Overall Philippines Animal Feed Market Revenue

Philippines exports a high share of poultry products to Japan, which adds to the overall revenue growth. Japan, which primarily thrives on seafood cuisine, produces an extremely low quantity of poultry products. However, increased globalisation and shifts in food consumption patterns have raised the demand among the Japanese population, which is increasingly being met by imports from the Philippines. In 2021, Japan imported more than 8,000 kgs of fresh and chilled poultry from the Philippines. This share is expected to increase owing to the geographical proximity between the two countries, thereby fuelling the demand for animal feed in the market.

Sustainable Feed Production Ensuring Long-Term Stability of Key Market Players

Growing environmental concerns, cost-effective production, and proven health benefits have raised the consumption of organic feed in the Philippines poultry market, thereby prompting several industry players and key institutions to invest in their research and development. For instance, in June 2024, Can Tho City Department of Agriculture and Rural Development (DARD), in collaboration with the International Rice Research Institute (IRRI) developed a method to produce animal feed from agricultural biowaste such as rice straw. Continued efforts in this direction will lead the Philippines animal feed market to long-term growth and stability.

Increased Pet Adoption in Philippines Creating New Animal Feed Market Opportunities

Rising disposable income, rapid urbanization, and a shift to nuclear family structures are factors driving the preference for pet adoption in the Philippines. Pet owners are seeking healthier lifestyles for their pets by providing them with ample quality and nutritional diets. This has created new market opportunities for the animal feed industry in Philippines. Key players are tapping into these opportunities, by increasing the overall investment in the animal feed sector.

Philippines Animal Feed Industry Segmentation

"Philippines Animal Feed Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Fodder and Forage
- Compound Feed

Market Breakup by Livestock

- Pork
- Aquatic Animal
- Cattle
- Poultry
- Others

Market Breakup by Raw Material

- Soy
- Corn
- Others

Philippines Animal Feed Market Share

Based on livestock, the market is divided into pork, aquatic animals, cattle, and poultry, among others. The poultry sector accounts for a substantial market share as chicken is a highly popular meat in the Philippines due to its cost-effectiveness and adaptability in a wide range of culinary dishes. Moreover, unlike pork and cattle, poultry has a shorter production cycle, resulting in more frequent usage of feed for poultry growth, which is another crucial factor aiding the segment expansion.

Leading Companies in the Philippines Animal Feed Market

The market participants are expanding their production capacities to gain a competitive edge in the market.

- Cargill, Incorporated
- Nutreco N.V.
- Alltech Inc.
- Archer Daniels Midland Company
- Charoen Pokphand Foods Public Company Limited
- Vienovo Philippines Inc.
- Premium Feeds Corporation
- De Heus Voeders BV
- General Milling Corporation
- Leong Hup International Berhad
- New Hope Liuhe Co., Ltd.
- Others