
Bangladesh Animal Feed Market- Trend Analysis & Forecast to 2030
Bangladesh animal feed market valued at US$ 3.29 billion and production reached 6.57 million tonnes in 2022. The animal feed industry witnessed nearly 2.4X growth by volume during the period...
Report ID: AGI-014 | 158 Pages | Status: Upcoming |

Bangladesh Animal Feed Market- Trend Analysis & Forecast to 2030
Bangladesh animal feed production reached 6.57 million tonnes valued at US$ 3.29 billion in 2022. The animal feed industry witnessed nearly 2.4X growth by volume during the period from 2012 to 2022. Most of the demand stems from the poultry industry in Bangladesh, which accounts for over 56-60% of the total feed consumption in the country. Fisheries is the second largest consumer of animal feed in Bangladesh followed by cattle segment. The nation predominantly relies on imports of corn and soybean raw materials from international markets to fulfill its feed production needs.
Primary Areas/ Elements of Research & Analysis The report provides comprehensive and valuable insights into the supply and demand dynamics of the Bangladesh animal feed market. Below are the variables considered and analyzed in the report:
■ Analysis of the Bangladesh animal feed market with respect to supply-demand, growth trends, and trade (export & import) patterns The report sections furnish numerous data points contributing to the better understanding of the Bangladesh animal feed market dynamics and future outlook. |
Significance of Bangladesh in Global Supply of Animal Feed
The animal feed market in Bangladesh has been witnessing steady growth due to several factors such as the increasing demand for meat and dairy products, growth in the livestock industry, and technological advancements in feed production. The market is characterized by a mix of local and international players catering to the diverse needs of livestock farmers across the country. Bangladesh primarily produces feed for poultry, cattle, fish, and other livestock.
While Bangladesh is not a major player in the global animal feed market (accounted for 0.52% share in global market in 2022), its production contributes significantly to meeting domestic demand and supporting the local livestock industry. Moreover, Bangladesh's strategic geographical location makes it a potential hub for exporting animal feed to neighboring countries in South Asia.
Market Growth Factors
Expansion of the Aquaculture Industry and Global Trends and Trade OpportunitiesBangladesh is one of the world's leading producers of farmed fish, shrimp, and other aquatic species. The expansion of the aquaculture industry necessitates the production of specialized feed for fish and shrimp. Technological innovations in aquafeed formulation and manufacturing support the growth of this segment within the animal feed market, further driving overall market expansion.
Bangladesh's strategic location and proximity to major markets in South Asia present opportunities for exporting animal feed products. The increasing demand for halal meat and dairy products in the global market opens up export avenues for Bangladesh's livestock industry. Participation in regional and international trade agreements facilitates market access and promotes the growth of the animal feed sector, driving market expansion.
Growing Awareness among Farmers and Adoption of Modern Farming PracticesThere is a growing awareness among farmers in Bangladesh regarding the importance of balanced nutrition for livestock. Farmers are becoming more conscious of the link between feed quality, animal health, and productivity. As a result, there is a rising demand for quality feed products that meet the nutritional requirements of livestock, leading to increased market growth.
Farmers in Bangladesh are increasingly adopting modern farming practices to enhance productivity and efficiency in livestock production. This includes the adoption of improved feeding techniques, better management practices, and the incorporation of technology in feed formulation and distribution. Technological advancements in feed processing and formulation contribute to higher efficiency and productivity in the livestock sector, driving demand for quality feed products.
Market Restraints
Limited Availability of Quality Feed Ingredients and Fluctuations in Raw Material PricesAnother restraint faced by the animal feed industry is the limited availability of quality feed ingredients. Bangladesh relies heavily on imports for key ingredients such as soybean meal, maize, and fishmeal, which are essential components of animal feed formulations. Factors such as supply chain disruptions, trade restrictions, and quality concerns can restrict access to these ingredients, impacting feed production and formulation. Corn and soybean are critical raw materials required for feed production. 40% of these raw materials are locally produced, while the remaining 60% is primarily imported from India and other countries.
One of the significant challenges faced by the animal feed industry in Bangladesh is the volatility in raw material prices. The prices of key feed ingredients such as grains, protein meals, and supplements can fluctuate due to factors such as weather conditions, global supply-demand dynamics, and market speculation. These fluctuations impact the production costs of feed manufacturers, making it challenging to maintain stable pricing and profit margins.
Bangladesh Animal Feed Market Competitive Analysis
The competitive analysis of the Bangladesh animal feed market reveals a dynamic landscape characterized by the presence of both local and international players competing across various segments. Differentiation through product innovation, distribution capabilities, pricing strategies, and adherence to regulatory standards are key determinants of competitive success within the market. Understanding these dynamics is essential for companies seeking to navigate the competitive landscape and capitalize on growth opportunities in Bangladesh's thriving animal feed market.
Local companies form a substantial part of the competitive landscape in the Bangladesh animal feed market. These companies often have a deep understanding of local market dynamics, customer preferences, and regulatory requirements, giving them a competitive edge. They also tend to have established distribution networks and strong relationships with local farmers.
Local players include established brands like Paragon Group, ACI Godrej Agrovet Limited, Kazi Farms Limited, Nourish Poultry & Hatchery Ltd., and Aftab Feed Products Ltd. These companies have a strong presence across various segments of the animal feed market and often focus on catering to the specific needs of local livestock farmers.
International companies also compete in the Bangladesh animal feed market, leveraging their expertise, technology, and global networks. These companies bring advanced manufacturing practices, research capabilities, and access to a diverse range of feed ingredients, enhancing competition and product quality within the market.
Major international players operating in Bangladesh include New Hope Feed Mill Bangladesh Co., Ltd., CP Bangladesh Co., Ltd., and AG Agro Industries Ltd. These companies often target specific segments or niche markets within the broader animal feed industry, offering specialized products and services to meet the evolving needs of customers.
Key Companies in Bangladesh Animal Feed Market
■ Paragon Group
■ Nourish Poultry and Hatchery Ltd.
■ Kazi Farms Limited
■ C. P. Bangladesh Limited
■ Aftab Bahumukhi Farms Limited
■ Quality Feeds Limited
■ ACI Godrej Agrovet Limited
■ Provita Group
■ AG Agro Industries Ltd.
■ BRAC Feed Mills
Report Coverage
The Bangladesh animal feed market report covers historical market data from 2015-2023 and projections to 2030. The report also includes supply & demand and trade (import-export) market analysis. The decision matrix analysis helped in identifying the barriers and their implications on the value chain and different factors of relative significance to the Bangladesh animal feed market are diligently tracked and their impact closely monitored for short, medium, and long-term market cycles. The report's contents cover an analysis of the aspects involved in the animal feed market such as the parent market, the evolution of the industry, innovative technologies in the manufacturing process, supply chain, and profiling of key companies.
Scope of the Report
Report Attributes | Details |
---|---|
Historical Years | 2015–2022 |
Base Year | 2023 |
Forecast Period | 2024–2030 |
Units | Value (US$ Million) and Volume (Tonnes) |
Report Coverage | Production, Consumption, Export, and Import |
Segments Covered |
|
Geographies Covered | Bangladesh |
Companies Profiled | The market players include Paragon Group, Nourish Poultry and Hatchery Ltd., Kazi Farms Limited, C. P. Bangladesh Limited, Aftab Bahumukhi Farms Limited, Quality Feeds Limited, ACI Godrej Agrovet Limited, Provita Group, AG Agro Industries Ltd., Aleya Feeds Ltd., National Feed Mill ltd, Biswas Poultry & Fishe Feeds Ltd. (Mahbub Group of Industries), United Feeds, and Others. |
Research Design

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FAQs:
What is the production size of the animal feed in Bangladesh?Bangladesh produced 6.57 million tonnes of animal feed in 2022.
Which livestock segment accounted for major share in Bangladesh animal feed industry?
Poultry accounted for major share in Bangladesh animal feed market.
Which are the major types of raw materials used in manufacturing of animal feed in Bangladesh?
Corn, soybean & soymeal, rice bran, and mustard oil cake are the major raw materials in animal feed.
Which are the top 3 producers of animal feed in Bangladesh?
Nourish, ACI Godrej, and Paragon are the top 3 producers of animal feed in Bangladesh.
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Bangladesh Animal Feed Market – Supply & Demand, Trade, and Competitive Landscape Analysis
1. Executive Summary2. Introduction
2.1. Objectives & Scope of the Study
2.2. Definitions & Economic Importance
2.3. Research Methodology
2.4. Factors and Decision Matrix Analysis
2.5. Limitations & Challenges
3.1. Evolution/ Origin & Geographic Suitability
3.2. Bangladesh Animal Feed: Product Images
3.3. Bangladesh Livestock Production Trend
3.4. Processing & Grading
3.5. Regulatory Analysis
5. Bangladesh Animal Feed Market Growth Factors Analysis
5.1. Drivers and Restraints Analysis
5.2. Challenges and Opportunities Analysis
5.3. Bangladesh Animal Feed Industry SWOT Analysis
5.4. Bangladesh Animal Feed Market PESTEL Analysis
5.5. Bangladesh Animal Feed Market Porter's Five Forces analysis
6.1. Animal Feed Supply Analysis (Production)
6.2. Animal Feed Supply Analysis, by Type
6.2.1. Poultry
6.2.1.1. Broiler
6.2.1.2. Layer
6.2.2. Aquafeed
6.2.1.1. Floating
6.2.1.2. Sinking
6.2.3. Ruminants Feed
6.3.1.1. Fattening
6.3.1.2. Milk
7.1. Domestic Animal Feed Demand
7.2. Export/Import Demand
7.3. Animal Feed Supply Chain Analysis
8.1. Animal Feed Export/Import Trend Analysis
8.2. Raw Material Import Trend
9.1. Domestic Price Trend
9.2. Export Price Trend
9.3. Price Seasonality
10.1. List of Key Companies Supplying Animal Feed in Bangladesh
10.2. List of Key Companies Importing Animal Feed Raw Materials
10.3. Company Profiles
10.3.1. Paragon Group
10.3.2. Nourish Poultry and Hatchery Ltd.
10.3.3. Kazi Farms Limited
10.3.4. C. P. Bangladesh Limited
10.3.5. Aftab Bahumukhi Farms Limited
10.3.6. Quality Feeds Limited
10.3.7. ACI Godrej Agrovet Limited
10.3.8. Provita Group
10.3.9. AG Agro Industries Ltd.
10.3.10. Aleya Feeds Ltd.
10.3.11. National Feed Mill ltd
10.3.12. Biswas Poultry & Fishe Feeds Ltd. (Mahbub Group of Industries)
10.3.13. United Feeds
10.3.14. RRP Group
12. Appendix
Table 1: Bangladesh Animal Feed Production Volume (Tonnes) (2010-2030)
Table 2: Bangladesh Animal Feed Production, Value (Tonnes) (2010-2030)
Table 3: Bangladesh Animal Feed Production Capacity, Key Players
Table 4: Bangladesh Animal Feed Market, Demand Volume Details (Volume) (2015-2025)
Table 5: Bangladesh Animal Feed Market, By Type (Volume) (2015-2030)
Table 6: Bangladesh Animal Feed Market, By Type (Value) (2015-2030)
Table 7: Bangladesh Animal Feed Raw Material Production Trend (Volume) (2015-2025)
Table 8: Bangladesh Animal Feed Export/Import Trend, by Value (2010-2030)
Table 9: Bangladesh Animal Feed Export/Import Trend, by Volume (2010-2030)
Table 10: Bangladesh Animal Feed Export/Import Destinations/Origins by Volume (in %share) (2015-2023)
Table 11: Bangladesh Animal Feed Export/Import Destinations/Origins by Value (in %share) (2015-2023)
Table 12: Bangladesh Animal Feed Market Price Trend (2010-2030)
Table 13: Bangladesh Animal Feed Export Market Price Trend, FoB (2010-2030)
Table 14: List of Companies in Bangladesh Animal Feed Industry
Table 15: Industry Recent Developments
Table 16: Key Companies involved in Global Animal Feed Trade
Figure 1: Bangladesh Animal Feed Market Trend
Figure 2: Bangladesh Population Dynamics, 2023
Figure 3: Bangladesh Livestock and Aquaculture Production Trend Analysis
Figure 4: Bangladesh Milk, meat, and Egg Consumption Trend Analysis
Figure 5: Bangladesh: GDP Annual Growth & Exchange Rate Trend
Figure 6: Global Animal Feed Market – An Overview
Figure 7: Global and Bangladesh Animal Feed Production Trend Comparison
Figure 8: Bangladesh Animal Feed Production Trend, 2010-2030 (Volume)
Figure 9: Bangladesh Animal Feed Production Trend, 2010-2030 (Value)
Figure 10: Bangladesh Domestic Consumption of Animal Feed, 2015-2030 (Volume)
Figure 11: Bangladesh Animal Feed Supply Channel Framework
Figure 12: Bangladesh Animal Feed Product Variants Available in the Market
Figure 13: Global Animal Feed Production, Volume, 2015-2023
Figure 14: Bangladesh Animal Feed Export, Value, 2010-2030
Figure 15 Bangladesh Animal Feed Export, Volume, 2010-2030
Figure 16: Bangladesh Animal Feed Export Destinations Share (by Volume), 2023
Figure 17: Bangladesh Animal Feed Export Trend, by Value & Volume, 2010-2030
Figure 18: Bangladesh Animal Feed Price Trend, Annual Average Prices, 2015-2030
Figure 19: Bangladesh Animal Feed Price Trend, Monthly Average Prices, 2015-2023
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