Data Bridge Market Research analyses that the global animal feed market is growing at a CAGR of 3.4% in the forecast period of 2021 to 2028.
Animal Feed Market report serves the purpose of businesses of making improved decisions, deal with marketing of goods or services, and achieve better profitability by prioritizing market goals. Market segmentation studies conducted in this business report with respect to product type, applications, and geography are valuable in taking any verdict about the products. Keeping into the focus the customer requirement, this finest market research report is constructed with the professional and in-depth study of Animal Feed Market industry. With the use of up to date and established tools and techniques, complex market insights are organized in simpler version in the consistent Animal Feed Market report for a better understanding of end user.
An excellent Animal Feed Market research report provides data on patterns, improvements, target business sectors, materials, limits, and advancements. By thinking from the customer’s perspective, a team of researchers, forecasters, analysts and industry experts work carefully to formulate this market analysis report. Furthermore, it works to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This gives more truthful understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands. The comprehensive Animal Feed Market report helps to expand a successful marketing strategy for the business and acts as a backbone to the business.
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Key Market Segments
- By Cattle Type
- By Distribution Channel
- By Region
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA
- North America
Key Market Players
- ARCHER DANIEL MIDLAND COMPAN
- BASF SE
- BEIJING GOKE AGRICULTURE MACHINERY CO., LTD
- CARGILL, INC.
- HAROEN POKPHAND FOODS.
- J. R. SIMPLOT COMPANY.
- KEMIN INDUSTRIES.
- LAND O’ LAKES INC.
- NUTRECO NV.
- PROVITA EUROTECH LTD.
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Animal Feed Market Recent Development
January 2021: As demand for animal feed surges, China has approved two genetically modified maize varieties from Bayer AG and Syngenta AG for importation. As China’s corn imports have jumped to a record because the domestic hog population is rebounding faster than expected from African swine fever, the latest approvals are notable. This forced the government into action, including the resumption of state maize sales and the pledge to increase domestic crop production.
December 2020: A partnership with Amazon Web Services Inc. to add cloud-based machine learning to its operating system to streamline its operations, Grōv Technologies, the manufacturer of a method for growing plants indoors under controlled conditions called Olympus Tower Farm, today announced. The operating system of Olympus Tower, known as Sowyer, will ensure the availability of quality real-time data from sensors across the farming network from sensors involving high-density animal feed, using AWS and machine learning, which has been tested and shown to increase the performance of dairy and beef cattle.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging cattle feed market trends and opportunities for the cattle feed market growth.
- The report provides detailed qualitative and quantitative Cattle Feed Market analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the cattle feed market forecast is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
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COVID-19 disease can be seen below:
- Countries such as Romania have banned the export to Non-EU countries which created severe demand-supply problems in the animal feed industry. Amongst the banned grain exports include soybeans, bakery ware, flour, maize, barley, and wheat
- In the Asia-Pacific region, China, a major supplier of soybean and maize has caused disruptions for global feed producers in view of its draconian measures imposed to curb Covid-19 pandemic.
- The supply of containers and vessels has also been affected along with transport of certain micro-ingredients due to China’s logistics issues.
- The Indian Government has ordered partial closure of its international ports promoting further disruptions in the animal feed supply chain.
- Many economies in Southeast Asia are sustained by migrant workers. In view of stringent lockdown protocols, these migrant workers began returning to their native lands, leaving the distribution, supply chains, and production severely shattered. Hence, major manufacturers in animal feed industry are left with a significantly reduced workforce.
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Opportunities for New Participants in Global Animal feed Market
The animal feed market has driven by the growth in the meat and dairy products across the globe. Changed in the food preference and higher the consumption of meat production increase the demand for Animal feed markets in the global market. Asia Pacific region is the leading player in the animal feed market.
India followed by China are the largest feed producing country across the world. Increase in disposable income, urbanization, and higher the consumption of meat increase the demand of animal feed market in the global market.
According to the United Nations, Food and Agriculture Organization (FAO) estimates, that by 2050 the demand for food will grow by 60% and that between 2010 and 2050 production of animal proteins is expected to grow by around 1.7% per year, with meat production projected to rise by nearly 70%, aquaculture by 90% and dairy by 55%.
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