Multi-SegmentGlobal
🇹🇭 CP Foods — Feed Division
Bangkok, Thailand · Est. 1978
The feed manufacturing arm of Charoen Pokphand Foods — Asia's largest vertically integrated agri-food company. CP Foods' feed division produces approximately 22 million MT/year and is the core of its integrated value chain: the feed is fed to CP's own chickens, shrimp, and pigs, which are processed and sold under the CP brand. CP Foods is a direct competitor to Indian shrimp exporters in Japan, EU, and South Korea markets — and its 49% stake in Avanti Feeds (India's largest aqua feed company) makes it a major force in the India feed market without being visible on the surface.
Revenue
$7.5B
2023
Capacity
22M MT
MT / year
EBITDA Margin
9.2%
operating margin
Employees
90,000
headcount
Revenue History
USD Million — Feed Segment (THB converted)
Feed segment (~40% of total company revenue of $18.7B)
Revenue by Feed Segment
Segment Breakdown
Poultry Feed
45%
Aqua Feed
30%
Swine Feed
25%
Intelligence
Key Facts
Largest integrated feed-to-food company in Asia — 22M MT/yr feed production
Holds 49% of Avanti Feeds (India) — making it an indirect player in India aqua feed at scale
Feed division powers the entire CP value chain: feed → farm → factory → retail (7,000+ CP Fresh Mart stores)
CP shrimp exports compete with Indian shrimp in Japan, EU, and South Korea — India's key export markets
Investment Highlight
CP Foods is already in India through Avanti JV; if it converts to full ownership, it would reshape the India aqua feed market structure entirely
Geographic Footprint
Operating Countries
ThailandVietnamChinaIndiaIndonesiaMalaysiaTurkeyUK