RUSSIAN COMPOUND FEED MARKET 2014 - 2020 Growth Trends, Forecasts & Competition
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6. RUSSIA COMPOUND FEED MARKET – BY ANIMAL TYPE 6.1 Overview Russia is a major consumer of compound feed for its domestic livestock industry. Russia has always been a major importer of meat and meat related products from major regions such as Australia and the U.S.; now the country is trying to increase its own domestic meat production to reduce cost and enhance meat quality. Better meat prices in the domestic market and the rising per capita meat consumption are the major drivers expected to drive growth in the Russian compound feed market. The country also has a cost advantage in terms of feed and feed additive production because of low raw material cost. The market potential remains high as the market is in developmental stage.
Table 1 : Russia: Compound Feed market Volume, by Animal Type, 2012-2020 ('000 metric tons) Animal Type
2012
2013
2014
2020
CAGR% (2014-2020)
Ruminant
XX
4,024.0
XX
XX
XX
Swine
6,692.5
XX
XX
XX
XX
Poultry
XX
XX
XX
XX
1.7
Aquaculture
XX
XX
510.4
XX
XX
Others
XX
XX
XX
831.3
XX
Total
XX
XX
XX
XX
XX
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Table 2 : Russia: Compound Feed market revenue, by Animal Type, 2012-2020 ($ Million) Animal Type
2012
2013
2014
2020
CAGR% (2014-2020)
Ruminant
XX
XX
XX
2,321.3
XX
Swine
3,266.8
XX
XX
XX
XX
Poultry
XX
XX
7,574.1
XX
XX
Aquaculture
XX
404.1
XX
XX
XX
Others
XX
XX
XX
XX
2.1
Total
XX
XX
XX
XX
XX
Poultry was the largest segment of the Russian compound feed market in 2012, with a market share of XX%, followed by swine with a XX% share. Aquafeed registered a XX% share in the compound feed market. With increasing efforts from the Russian Ministry of Agriculture, cattle production is also increasing and ruminant feed had a market share of XX% in 2012.
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Global Inertial Systems Market in Subsea Applications | Sample
7. THE FUTURE OF THE FEED INDUSTRY The global feed industry is expected to grow at a steady rate during the forecast period from 2014 to 2020. Asia-Pacific, South America and Africa are the potential market of the industry. In the next six years key players of the industry are expected to tap major share in Asia-Pacific market. North America and Europe are advanced producers of compound feed. Developments and approaches to compound feed in these markets are driving change in global market. At present, the compound feed market is fragmented in many small manufacturers. These small manufacturers account for around 85% of the total market revenue. The key players in the market are adopting growth strategies like acquisition of feed mills, small firms and expansion of production. By the year 2020 key players of the market such as Cargill, ForFarmers, Charoen Pokphand and others are expected to hold around 8% of the global market revenue. Backward integration of the processed meat manufacturing firms and large scale livestock farmers is expected to bring more consolidation in the market. The feed industry faces different challenges related to raw materials (Suppliers market), and farmers (direct customers). The problems related to raw materials are raw material shortage, competition from food and fuel sector and rising cost of raw materials. Owing to rising raw material costs, feed has become an important cost factor accounting for around 60% of total cost of farm animals. Increased demand for food safety from consumers and farmers has posed a challenge for feed producers to manufacture effective feed without harmful chemicals at the same cost. The future of feed industry relies on reduced cost of production and less usage of essential raw materials. The burning issue in the market is the rising cost of raw materials. The inclusion of essential raw materials cannot be reduced to a great extent however by adding supplements and additives the yield of the animals could be enhanced thereby increasing cost benefits to the farmers. The use of additives in the industry is projected to grow at a very high rate due to increased demand of compound feed, meat & meat products, consumer awareness regarding food safety and food safety regulations. Organic feed VIEW THIS REPORT ON OUR WEBSITE
market which is at present in infant stage is expected to show a healthy growth during the forecast period. Thus by the end this decade feed additives and organic feed are expected to be the significant segment of compound feed industry.
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8.7 Wen’s Group Guangdong Wen's Food Group Co., Ltd. Xinxing County, Yunfu City, Guangdong Province town of Le Chuk Lam root China Tel: 0766-229-1142 Fax: 0766-229-1159 Website: www.wens.com.cn
OVERVIEW Founded in 1983 and headquartered at China; Wen's Group is an agricultural privately held company that includes 129 subsidiaries. The Group is present in 23 provinces completed the integration of more than 160 companies. The Group recorded 3.68 million employees in 2013.
FINANCIALS No financial records are available for the company.
PRODUCTS & SERVICES It manufacturers feed for the contract livestock and as backend production.
STRATEGIES & INSIGHTS It is the largest feed manufacturer in Guangdong that initiated “company and farmer” model, wherein it provides a contracted farm household for chickens, feedstuffs, and nutrition/medicines and the farmers become workers in workshops of the industrial chain thus attaining a strong hold in the market.
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