Thailand Animal Feed Market Forecast 2024
Bharat Book Bureau Provides the Trending Market Research Report on "Thailand Animal Feed Market - Forecasts from 2019 to 2024” (https://www.bharatbook.com/marketreports/thailand-animal-feed-market-forecasts-from-2019-to-2024/1517177) under Food & Beverage Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
The Thailand Animal Feed Market is expected to grow at a compound annual growth rate of 2.24% over the forecast period to reach US$7.628 billion in 2024 from US$6.678 billion in 2018. Rapid in industrialization in poultry production and increasing consumer preference for poultry meat are expected to be the prime driver for the growth of the market during the forecast period. Demand for aquatic feed is also expected to high due to increasing number of aquaculture activities in the country and growing demand for sea food. In addition, growing government initiative for the farmers also expected to propel the market growth opportunities in the coming years. For instance, Thai government has recently introduced the farmer’s reconstruction and development fund, consisting of Baht 4.5 billion non performing loans which are expected to increase the adoption of animal feed in the country.
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Last Update : May 18, 2019
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