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Animal Food Manufacturing in China Industry Data and Analysis
Revenue for the Animal Food Manufacturing industry in China has increased over the past five years. Due to China's economic development and improving living standards of Chinese residents, Chinese consumers have been able to afford higher-quality and more diverse food products, including meat, dairy, and other animal-based products. In addition, more people choose to purchase pet food to raise pets, and this trend has also driven the industry revenue growth. However, the trade war between China and the US, and diseases like African swine fever have restricted industry revenue growth over past five years. Industry revenue is expected to increase at an annualized 9.1% over the five years to 2024, including an increase of 1.9% in 2024.The next stage of industry growth is expected to be firms that develop safe, healthy, and environmentally friendly animal feed. To achieve this, products prices will likely increase, and standards will need to be backed up by stricter laws. Industry revenue is forecast to grow by an annualized 4.9% over the five years through 2029. This growth is anticipated to be driven by the Chinese Government's support of the domestic agricultural sector. As domestic standards rise in line with international standards, large industry groups will likely be established. Larger companies are projected to establish brand names, while many small companies are projected to exit the industry due to low profitability and being unable to meet new standards. In the next five years, the number of enterprises will increase at a CAGR of 1.8% and the number of establishments will increase at a CAGR of 2.2%.
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What's included in this industry analysis
IBISWorld's research coverage on the Animal Food Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Animal Food Manufacturing industry in China operates under the industry code 1320. Businesses in the Animal Food Manufacturing industry in China manufacture pet food, and feed for livestock and poultry raised on farms. Aquaculture and seafood feed manufacturing is not included in the industry. Related terms covered in the Animal Food Manufacturing industry in China include melamine, concentrated feed and compound feed.
What's included in this industry?
Products and services covered in Animal Food Manufacturing industry in China include Compound feed, Concentrated feed and Pet food.
What companies are included in this industry?
Companies covered in the Animal Food Manufacturing industry in China include Guangdong Haid Group Co., Ltd., New Hope Liuhe Co., Ltd. and Twins (Group) Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Animal Food Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Animal Food Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Animal Food Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Animal Food Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Animal Food Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Animal Food Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Animal Food Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Animal Food Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Animal Food Manufacturing industry in China in 2026?
The market size of the Animal Food Manufacturing industry in China is $478.9bn in 2026.
How many businesses are there in the Animal Food Manufacturing industry in China in 2024?
There are 4,757 businesses in the Animal Food Manufacturing industry in China, which has grown at a CAGR of 2.1 % between 2019 and 2024.
How may import tariffs affect the Animal Food Manufacturing industry in China?
The Animal Food Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Animal Food Manufacturing industry in China?
The Animal Food Manufacturing industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Animal Food Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Animal Food Manufacturing industry in China has been growing at a CAGR of 9.1 % between 2019 and 2024.
What is the forecast growth of the Animal Food Manufacturing industry in China over the next 5 years?
Over the next five years, the Animal Food Manufacturing industry in China is expected to grow.
What are the biggest companies in the Animal Food Manufacturing industry in China?
The biggest companies operating in the Animal Food Manufacturing industry in China are Guangdong Haid Group Co., Ltd., New Hope Liuhe Co., Ltd. and Twins (Group) Co., Ltd.
What does the Animal Food Manufacturing industry in China include?
Compound feed and Concentrated feed are part of the Animal Food Manufacturing industry in China.
Which companies have the highest market share in the Animal Food Manufacturing industry in China?
The company holding the most market share in the Animal Food Manufacturing industry in China is Guangdong Haid Group Co., Ltd..
How competitive is the Animal Food Manufacturing industry in China?
The level of competition is moderate and increasing in the Animal Food Manufacturing industry in China.
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