South Korea Animal Feed Market - Forecasts from 2025 to 2030

The South Korea Animal Feed market is expected to grow at a CAGR of 2.07%, reaching a market size of US$7.65 billion in 2030 from US$6.91 billion in 2025.

Several factors are propelling the market for South Korean animal feed such as increased production and demand for animal-related meat products. For example, the demand for pork meat has increased from 28.8 kg/capita in 2022 to 29.9 kg/capita in 2024.

Further, key developments within the country propitiate the market growth. For instance, in March 2023, BASF and Cargill expanded their partnership, adding South Korea, the first Asian nation, to their existing feed enzymes development and distribution agreement. The companies are committed to bringing enzyme-based solutions to the market.

Moreover, in 2025, Korea's chicken production is projected to be around 945,000 MT. This is an increase of 1% from the previous year's 935,000 MT, driven by an increase in broiler inventory throughout 2024 and steady growth in chicken demand. Chicken consumption will also rise by 0.9 per cent (10,000 MT) in 2025. These factors will propel the demand for the poultry in the country.

South Korea Animal Feed Market Drivers

Increasing demand for meat is contributing to the South Korean animal Feed market expansion.

One of the key factors pushing the market for animal feed in South Korea is the increased demand for meat. This is possibly due to demographic factors and shifting consumption patterns in the country.

According to the data provided by OECD countries, meat consumption in the country has increased subsequently in a few years. The per capita consumption of beef and veal in kilograms was 11.4 in 2021, increased to 12 in 2022, and reached 12.1 in 2023. This increased demand for meat propels the need for animal feed to ensure proper growth and nutrition.

An increase in research and development activities, followed by a rise in government initiatives, is also expected to drive South Korea Animal Feed market growth.

Governments may invest in research for alternative feed sources and their alternatives, reducing environmental impact while promoting animal welfare through improved living conditions. This could increase demand for high-quality, nutritious feed. Additionally, subsidies could be offered to support domestic South Korean animal Feed production, reducing import reliance and potentially lowering farmers' costs. Further, the growth of livestock production has subsequently assisted the rise in the demand for highly nutritious South Korean animal Feed items, which is anticipated to upgrade the South Korean animal Feed demand.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
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The South Korea Animal Feed market is segmented and analyzed as follows:

By Type

• Fodder & Forage
• Compound Feed

By Livestock

• Pork
• Aquatic animal
• Cattle
• Poultry
• Others

By Raw Materials

• Soy
• Corn
• Rendered Meal
• Others