Thailand Livestock & Animal Feed Market Intelligence
Thai livestock, animal feed ~THB 405B. CPF dominant integrated; GFPT, Betagro, Laem Thong. Feed-grain imports (corn, soybean); ASF, bird flu risk; Halal, EU, Japan poultry export.
Key takeaways
- 1
Thai livestock, animal feed ~ (~) in 2024. Species mix: poultry ~ (broiler, layer, duck) > swine ~ > compound feed ~ > cattle, dairy, other ~.
- 2
Integrated operators: Charoen Pokphand Foods (SET: CPF, CP Group) β dominant integrated feed, farm, processing, exports. GFPT (SET: GFPT) β listed integrated poultry. Betagro (SET: BTG-F, post-2022 IPO) β integrated pork, poultry, feed. Laem Thong (SET: LTS) β feed, livestock. Ambrose, smaller regional players.
- 3
Thailand is one of the world's top poultry exporters β Halal-certified chicken to Middle East, EU, Japan. CPF, GFPT capture most export volumes. Processed, cooked chicken exports, marinated products (yakitori, karaage, nuggets) are value-added segments.
- 4
Feed-grain dependence: Thailand imports ~ of corn (HS 1005), soybean meal, soybean (HS 1201, HS 2304) annually. Import sources: USA, Brazil, Argentina. Tariff rate quota (TRQ) on corn imports, soybean meal import licensing shape compound-feed economics.
- 5
Risks, drivers: ASF (African swine fever) devastated Thai swine 2019-22 then recovery; HPAI (highly pathogenic avian influenza) periodic outbreaks; feed-grain price volatility; Halal certification, EU GI, Japan traceability requirements; BOI agri-food incentives. OIE WOAH disease surveillance, DLD licensing, biosecurity.
Executive summary
Thailand's livestock, animal feed market is ~ (~) in 2024 per Department of Livestock Development (DLD), Thai Feed Mill Association, listed-company triangulation. Species mix: poultry (broiler, layer, duck) dominant at ~, swine ~, animal feed (compound) ~, cattle, dairy, other livestock ~. Thailand is among the world's top poultry exporters β Halal-certified chicken to Middle East, EU, Japan, and processed, cooked chicken value-added products.[, , , ]
Integrated operators dominate scale: Charoen Pokphand Foods (SET: CPF, CP Group) is the integrated leader globally β feed, farm, slaughter, processing, branded, exports; Thai operations are the domestic, export anchor with global operations in Vietnam, China, India, TΓΌrkiye, Philippines, CLMV, Latin America. GFPT (SET: GFPT) is listed integrated poultry β feed, breeder, broiler, processing, export. Betagro (SET: BTG-F, post-2022 IPO) is integrated pork, poultry, feed β family-owned going public. Laem Thong (SET: LTS) covers feed, livestock. Plus smaller regional players (Ambrose, private operators).[, , , ]
Feed-grain dependence: Thailand imports ~ of corn (HS 1005), soybean meal, soybean (HS 1201, HS 2304) annually per UN Comtrade, USDA FAS. Import sources: USA, Brazil, Argentina primarily. Tariff rate quota (TRQ) on corn imports, soybean meal import licensing shape compound-feed economics. Risks: ASF (African swine fever) devastated Thai swine 2019-22 then recovery; HPAI periodic outbreaks affecting poultry export, domestic prices; feed-grain price volatility tied to global corn, soy cycles, Black Sea supply disruption. Opportunities: Halal certification, EU GI, Japan traceability create premium export channels; BOI agri-food incentives, EEC-adjacent food processing zones support investment.[, , , , ]
Thai livestock, animal feed market (THB billion, 2020-2024)
2020
Market (THB B)
340
Context
COVID demand impact; early ASF recovery
2021
Market (THB B)
355
Context
Swine herd rebuild continues
2022
Market (THB B)
375
Context
Poultry export recovers; feed-grain spike
2023
Market (THB B)
390
Context
Swine recovery near complete
2024
Market (THB B)
405
Context
Steady export, domestic demand
| Year | Market (THB B) | Context |
|---|---|---|
| 2020 | 340 | COVID demand impact; early ASF recovery |
| 2021 | 355 | Swine herd rebuild continues |
| 2022 | 375 | Poultry export recovers; feed-grain spike |
| 2023 | 390 | Swine recovery near complete |
| 2024 | 405 | Steady export, domestic demand |
Species, value-chain mix (% FY2024)
Swine
Share %
Leaders
CPF, Betagro, Laem Thong, Thai Foods Group
Cattle, dairy, other
Share %
Leaders
Smaller operators, regional co-ops
| Species | Share % | Leaders |
|---|---|---|
| Poultry (broiler, layer, duck) | 42% | CPF, GFPT, Betagro, Saha Farm, Bangkok Ranch |
| Swine | 28% | CPF, Betagro, Laem Thong, Thai Foods Group |
| Compound feed | 20% | CPF, Betagro, Laem Thong, Ambrose |
| Cattle, dairy, other | 10% | Smaller operators, regional co-ops |
Analyst framing
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Key figures
Selected anchors from the report evidence pack.
Thailand livestock, animal feed size
DLD, Thai Feed Mill Association, Asian Agribiz, Bangkok Post, listed filings
Poultry share of livestock
DLD, CPF, GFPT filings
Swine share of livestock
DLD, Betagro, CPF filings
Feed-grain imports
Customs Department, UN Comtrade, Kasikorn Research Center
CPF integrated leader position
CPF SET filings
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