Animal Feed Market Size, Growth Factors, Competitive Analysis With Top Companies And Forecast 2023-2028

 The latest report by IMARC Group, titled “Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Animal Feed Market Forecast:

The global animal feed market size reached a value of US$ 501.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 606.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

Overview:

Animal feed is crucial in maintaining the health and well-being of livestock, poultry, and aquatic animals. It is made up of various food products that are specially grown and manufactured for animal consumption. These products are carefully blended with essential nutritional ingredients, such as hay, silage, legumes, and sprouted grains, to achieve a well-balanced formulation. It provides various vital nutrients, such as fiber, protein, minerals, and carbohydrates. It also contains enzymes, antibiotics, and antioxidants to support the animals' overall health. They even enrich the animal products, such as eggs, milk, and meat. As a result, animal feed formulations are extensively utilized by animal farmers across countries.

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Animal Feed Market Growth Factors:

The global animal feed market is experiencing significant growth on account of the easy availability of ingredients used in animal feed production. Additionally, the escalating demand for meat and the surging commercial livestock production across the globe are providing an impetus to the market growth. Moreover, the rising consumer awareness regarding animal health has increased the demand for high-quality animal feed, which, in turn, is creating a positive outlook for the market. Another significant contributor to the market growth is the burgeoning demand for dairy products due to the rising health consciousness among consumers. Apart from this, the elevating awareness about the numerous benefits of algae-based ingredients used in animal feed, including improved nutrient supply at the early developmental stages of the livestock and the production of premium quality meat, eggs, and milk while boosting physical growth is acting as another significant growth-inducing factor. Additionally, governments of various countries are undertaking initiatives to promote the use of high-quality animal feed, which is bolstering the market growth. Other factors, such as the inflating consumer expenditure power and the rising awareness regarding the advantages of animal feed, are propelling the market growth. In addition to this, the increasing incorporation of non-genetically modified organisms or non-GMO crops in animal feed by leading vendors to meet the consumers’ need for all-natural food sources is also positively influencing the global market.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Top Companies:

The report has also analysed the competitive landscape of the market with some of the key players.

• Archer-Daniels-Midland Company
• Cargill Incorporated
• Charoen Pokphand Group
• Dupont De Nemours Inc.
• Evonik Industries AG (RAG-Stiftung)
• ForFarmers N.V.
• Kemin Industries Inc.
• Nutreco N.V (SHV Holdings)
• Perdue Farms Inc.
• Tyson Foods Inc.

Key Market Segmentation:

The report has categorized the market based on form, animal type and ingredient.

Breakup by Form:

• Pellets
• Crumbles
• Mash
• Others

Breakup by Animal Type:

• Swine
  • Starter
  • Finisher
  • Grower
• Ruminants
  • Calves
  • Dairy Cattle
  • Beef Cattle
  • Others
• Poultry
  • Broilers
  • Layers
  • Turkeys
  • Others
• Aquaculture
  • Carps
  • Crustaceans
  • Mackeral
  • Milkfish
  • Mollusks
  • Salmon
  • Others
• Others

Breakup by Ingredient:

• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
  • Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers
  • Others
• Others

Breakup by Region:

• 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, South Africa, Others)

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Key highlights of the report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• 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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Pet Food Market Research Report

Dog Food Market Research Report

Swine Feed Market Overview and Forecast

United States Swine Feed Market Overview and Forecast

Asia Pacific Swine Feed Market Overview and Forecast

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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