November 20, 2012

China's total feed output rises 4% on-year

China's total feed output grew 4% on-year to 169 million tonnes, accounting for about 20% of the global total and ranking number one in the world.

According to the latest report from Research and Markets, the output of pig feed topped the list at 62.1 million tonnes, up 4% on-year. The poultry feed output enjoyed the fastest growth, with output increasing 5% on-year to 49.8 million tonnes in 2011.

The aquatic feed and ruminant feed saw low output, but aquatic feed witnessed larger growth space, said the report. Currently, China has around 13,000 feed companies, mostly small, and over 20% of medium-sized feed companies have been acquired by large players.

The top 10 feed manufacturers such as CP Group, New Hope Group, Wens, Zhenghong and TRS Group together occupy more than 30% market share by sales. In recent years, given that the large companies continually increase their production capacity to expand the market, the concentration degree of the feed industry in China will be enhanced, as well, according to Research and Markets.