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Animal Feed Market Value, Size, Key Players, Opportunity and Forecast 2022-2027

12-23-2022 02:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Animal Feed Market

Animal Feed Market

According to IMARC Group's latest report, titled "๐€๐ง๐ข๐ฆ๐š๐ฅ ๐…๐ž๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•", the global animal feed market size reached US$ 482.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 589.4 Billion by 2027, exhibiting a growth rate (CAGR) of 3.5% during 2022-2027.

Animal feed represents the food items that are grown and manufactured for the consumption of ruminants, poultry, swine, aquatic animals, etc. It is generally prepared by blending products with high nutritional content, including silage, hay, straw, oils, sprouted grains, legumes, etc. Animal feed is rich in proteins, fibers, carbohydrates, enzymes, acidifiers, minerals, antibiotics, antioxidants, etc., that enrich animal produce, such as milk, eggs, meat, etc. In line with this, it also acts as a good source of energy to support life processes and muscular activity in animals.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/animal-feed-market/requestsample

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.

Animal Feed Market Trends:

The escalating demand for meat-based products and the increasing commercial livestock production are primarily augmenting the animal feed market. Furthermore, the inflating need for dairy goods as a source of numerous nutrients, owing to the rising consumer health consciousness, is acting as another significant growth-inducing factor. Apart from this, various associated health benefits of the ingredients that are algae-based in animal feed are positively influencing the global market.

Moreover, the widespread adoption of microalgae that plays an essential role in enriching animal feed with nutrients for the early developmental stages of livestock and extensive investments in R&D activities by leading manufacturers are also bolstering the market growth. Besides this, the growing production of premium quality eggs, milk, meat, etc., is further catalyzing the global market. Additionally, several vendors are incorporating non-genetically modified organisms (non-GMO) crops in these products to meet the user demand for all-natural food sources, which is expected to fuel the animal feed market in the coming years.

๐๐ฎ๐ฒ ๐€๐ง๐ข๐ฆ๐š๐ฅ ๐…๐ž๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=2565&method=1

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:

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

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

Key Market Segmentation:

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

Breakup by Form:
โ€ข Pellets
โ€ข Crumbles
โ€ข Mash
โ€ข Others
Breakup by Animal Type:
โ€ข Swine
โ€ข Ruminants
โ€ข Poultry
โ€ข Aquaculture
โ€ข Others

Breakup by Ingredient:
โ€ข Cereals
โ€ข Oilseed Meal
โ€ข Molasses
โ€ข Fish Oil and Fish Meal
โ€ข Additives
โ€ข Others

Breakup by Region:
โ€ข North America (United States, Canada)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โ€ข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: https://www.imarcgroup.com/request?type=report&id=2565&flag=C

Key highlights of the report:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข Impact of COVID-19
โ€ข Value Chain Analysis
โ€ข 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.

Related Reports by IMARC Group:

Food Waste Management Market: https://www.imarcgroup.com/food-waste-management-market

India Spices Market: https://www.imarcgroup.com/india-spices-market

Saudi Arabia French Fries Market: https://www.imarcgroup.com/saudi-arabia-french-fries-market

Asia Pacific Swine Feed Market: https://www.imarcgroup.com/asia-pacific-swine-feed-market

Rose Oil Market: https://www.imarcgroup.com/rose-oil-market

Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800

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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