Chinese animal feed sector shows strong growth in 2024

Chinese animal feed producers begin to focus on high-quality products as premium feed demand takes off.

Yungheng innovation center and Cargill's Nanping feed facility
Yungheng innovation center and Cargill's Nanping feed facility
Cargill Animal Nutrition

The Chinese animal feed sector shows strong growth rates this year due to generally stable national economics and a strong yuan.

In fact, a further development of the agricultural sector and the animal feed industry was declared a priority at the 20th National Congress of the Communist Party of China (CPC), the highest arm of the party, which is held every five years. The last time it was held, in October 2022, it set a goal for a significant increase of quality of China’s agricultural products, including animal feed as part of the Chinese 14th Five-Year Plan. 

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