Animal Feed Market Size, Growth Rate(CAGR ), Manufacturers and Forecast Report 2023-2028
According to IMARC Group’s latest report, titled “Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global animal feed market size reached 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.
Animal feed refers to the food given to domesticated animals in order to maintain their health and promote their growth. Animal feed includes a combination of grains, protein sources, vitamins, and minerals, which are specifically tailored to meet the nutritional needs of different animals. Rich in proteins, fibers, carbohydrates, minerals, enzymes, acidifiers, antibiotics, and antioxidants, it improves the quality and quantity of animal products such as milk, meat, and eggs.
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Animal Feed Market Trends:
The rising demand for animal-based products, such as meat, milk, and eggs, represents one of the key factors driving the animal feed market growth. This can be primarily attributed to the increasing population and changing dietary habits of people. Moreover, increasing awareness regarding the health benefits of plant-based ingredients in animal feed is contributing to the market growth. For instance, microalgae and other algae-based ingredients play enrich the nutritional content animal feed, which is facilitating their adoption in preparing animal feed for livestock, thus driving the market growth. In addition to this, the widespread incorporation of non-Genetically Modified Organisms (non-GMO) crops in animal feed, coupled with the rising demand for all-natural food sources is driving the market toward growth. Other factors, including rising expenditure capacity of consumers, extensive research and development (R&D), and the rising demand for premium quality eggs and meat, are expected to drive the animal feed market further across the globe.
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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 Key Players:
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, ingredient and region.
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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