Major listed companies in the feed industry:Haid Group (002311SZ), Tongwei Co., Ltd. (600438SH), Wen's shares (300498SZ), New Hope (000876SZ), Tang Renshen (002567SZ), Dabeinong (002385SZ), Hefeng shares (603609SH), Zhengbang Technology (002157SZ), Aonong Biotech (603363sh) and so on.
Supply and demand in the market segment
-- Pet feed market analysis
According to the data released by the National Animal Husbandry Station, the output of pet feed in 2020 was 9630,000 tons, an increase of 11% year-on-year, and the supply of pet feed has increased.
At present, the market size of China's pet feed industry is large, and statistics show that the number of pets in China in 2020 is 1800 million, the average pet food consumption is 2,306 yuan a year, and the pet food penetration rate is 196% estimates that the size of China's pet food market in 2020 will be 83.4 billion yuan.
-- Analysis of the aquafeed market
From 2010 to 2020, China's aquatic feed output fluctuated. In 2020, China's aquatic feed output was 212360,000 tons, a decrease of 79 compared with 201930,000 tons, a year-on-year decrease of 360%。
From the perspective of aquatic feed production enterprises, China's current leading aquatic feed enterprises include Haid Group, Tongwei Co., Ltd., Tianbang, Guolian Aquatic Products, Hengxing Feed, etc. Among them, the feed mill volume of Haid Group in 2020 will be 14.69 million tons, a year-on-year growth rate of 17%; Tongwei's feed output was 5.25 million tons, a year-on-year growth rate of 5%; Tianbang Group's feed output was 710,000 tons, a year-on-year increase of 40%, and in general, the feed output of China's leading aquatic feed enterprises has a high growth rate.
- Pig feed market analysis
From the perspective of China's pig feed market supply, China's pig feed production showed an overall growth trend from 2015 to 2020. In 2018, China's pig feed output was about 97.2 million tons, the highest in recent years. In 2019, affected by African swine fever, pig feed production was 766320,000 tons, down 212%。In 2020, the total amount of pig feed in China was 89.23 million tons, a year-on-year increase of 164%。
From the perspective of pig feed product market enterprises, the main pig feed companies in the market are New Hope Group, Tang Renshen, Jin Xinnong and Aonong Biotechnology. According to the data disclosed in the annual reports of each company in 2020, its feed business has a high growth rate, of which the revenue growth rate of Aonong biological feed business can reach 3867%, followed by New Hope Group, with a growth rate of 21 in feed revenue in 202072%。
- Ruminant feed market analysis
From 2013 to 2020, China's ruminant feed output showed an overall upward trend. In 2020, China's ruminant feed output was 131880,000 tons, a year-on-year increase of 189%。
-- Meat and poultry feed market analysis
From the perspective of meat and poultry feed output, from 2015 to 2020, China's meat and poultry feed output showed an overall growth trend. In 2020, China's meat and poultry feed output was 917580,000 tons, an increase of 84%。
At present, the leading enterprises in the production of meat and poultry feed in China's market include Wen's Group, New Hope Group and Dabeinong. From 2018 to 2020, the revenue of China's leading meat and poultry feed production enterprises showed an upward trend, and the revenue growth rates of Wen's Group, New Hope Group and Dabeinong were respectively. 5% and 376%。To a certain extent, the growth in the revenue of leading meat and poultry feed enterprises reflects the increasing demand for meat and poultry feed in China.
Industry development prospects**
- Pet feed**
In recent years, the average annual consumption input of a single pet by Chinese has been increasing, driven by the huge market growth potential of China's pet industry, the market size of China's pet feed industry will be further expanded, and it is expected to grow at a growth rate of 5%, and by 2026, the market size of China's pet feed industry will exceed 150 billion yuan.
- Ruminant feed**
After the domestic new crown pneumonia epidemic eases in 2020, the majority of beef cattle fattening enterprises will actively fill the column, which will drive the demand for ruminant feed in China to increase, and it is expected that the output of ruminant feed in China will reach 13.58 million tons in 2021, and the supply scale of China's ruminant feed market will reach about 15 million tons by 2026.
- Meat and poultry feed**
In recent years, with the improvement of people's living standards, the rising demand for high-consumption grain-consuming meat and poultry consumption has driven the rapid growth of feed demand in recent years. Combined with the scale of poultry feed demand in recent years, the prospective industry research institute expects that the market demand for meat and poultry feed in China will exceed 110 million tons by 2026.
For more research and analysis of this industry, please refer to the Prospective Industry Research InstituteAnalysis report on market demand and investment strategic planning of China's feed industry
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