The IMARC Group provides extensive analysis of the animal feed industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on animal feed market size, share, trends, analysis, segments, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global animal feed market reached a value of US$ 482.1 Billion in 2021. Animal feed refers to food products that are grown and manufactured for consumption by poultry, swine, ruminants, and aquatic animals. These products are blended with several nutritional ingredients that are essential to maintain the optimal health of animals. A rich source of fibers, protein, minerals, carbohydrates, enzymes, antibiotics, and antioxidants, some of the most commonly used animal feeds include hay, straws, oils, silage, legumes, and sprouted grains.
Animal Feed Market Trends:
The easy availability of ingredients used in the production of animal feed and increasing demand for meat and animal-based product variants are some of the key factors driving the animal feed market growth. In addition to this, the significant rise in commercial livestock production and the growing consumer awareness regarding animal health are also contributing to the market growth. Moreover, the increasing demand for meat and dairy products due to rising health-consciousness among the consumers is boosting the market growth. In line with this, inflating disposable income levels and the numerous initiatives undertaken by the government of various countries to promote the usage of quality animal feed are further creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 589.4 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Archer-Daniels-Midland Company
- Cargill Incorporated
- Charoen Pokphand Group
- Dupont De Nemours Inc.
- Evonik Industries AG (RAG Foundation)
- ForFarmers NV
- Kemin Industries Inc.
- Nutreco N.V (SHV Holdings)
- Perdue Farms Inc.
- Tyson Foods Inc.
- Dairy Cattle
- Beef Cattle
- Oilseed Meal
- Fish Oil and Fish Meal
- Amino Acids
- Feed Enzymes
- Feed Acidifiers
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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