PHILIPPINES — ADM, a global leader in animal nutrition, has acquired a feed mill in the Philippines to meet Asia’s demand for quality animal nutrition products.
ADM saw the demand for animal feeds that are not only nutritious but also increase the productivity of livestock.
Agriculture plays a relevant role in the Philippine economy with many Filipinos relying on farming as a source of livelihood.
The food processing corporation has been operating in the country since 2014, manufacturing and marketing mostly complete feed, aquaculture products, as well as premixes and services.
Its two production sites serve the regions of Cebu and Bulacan, which mainly produce feed for pork, poultry, aquaculture and pet food.
ADM, which has acquired the mill from South Sunrays Milling Corp, said the addition is a step forward.
Around the globe, ADM is increasing its ability to meet growing customer demand for high-quality, responsibly-produced animal nutrition products as evidenced by their new innovation center in Brazil and US facility expansion.
The South Cotabato mill, along with existing ADM feed production facilities, support customer growth in the region with their diverse catalogue of animal products.
“This acquisition will allow us to offer a wide range of high-quality feed products for swine, poultry and aqua for both backyard and commercial farm segments with our recognized brands.” said Lorenzo Mapua, managing director, Animal Nutrition, Philippines, at ADM.
ADM operates its premix business in the Philippines under the Wisium brand, which is producing 40 million tons of feed each year.
Its key feed brands in the Philippines are Ultrapak, Primepak, Popular, Budgetpak the Savers Mix, Evialis, Ocialis, and Bernaqua.
Further, the investment will support economic development through the creation of more than 100 new jobs in the region, adding to ADM’s 8150 employee count across 29 countries.
ADM’s investment comes as the global animal feed market continues to expand driven by a burgeoning demand for dairy and meat products as a source of various nutrients.
The global animal feed market reached a value of US$ 482.1 Billion in 2021, according to data from IMARC Group.
Looking forward, IMARC Group expects the market to reach US$ 589.4 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.
Asia Pacific Animal Feed Market size was valued at USD 139.11 Billion in 2020 and is projected to reach USD 188.34 Billion by 2028, growing at a CAGR of 4.14% from 2021 to 2028. According to verified market research.
The growing animal population in the Asia Pacific region will help to boost the demand for Animal Feed across the Asia Pacific.
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