Rising prices of raw materials and the depreciation of the yen have put significant pressure on the Japanese animal feed sector, leading to bankruptcies of many Japanese farmers and forcing the local state to consider providing additional support measures to the country’s agricultural sector.

Compound feed costs have risen by more than 50% in two years, mainly due to the rise in prices of raw materials, and the Japanese government is promoting the production of feed rice to reduce import dependence.

In addition, the demand for other raw materials used in the Japanese animal feed sector, such as GM-free soybean meal, is growing. Despite the maturity of the market, global majors like Cargill and Trouw Nutrition are interested in expanding their businesses in Japan.