Press release
Animal Feed Market is anticipated to reach USD 43.79 billion by 2026 | Cargill, Inc., BASF SE, Evonik Industries AG, Nutreco NV, ADDCON Group, Archer Daniels Midland, Aliphos Belgium SA, Kemin Industries Inc., Koninklijke DSM NV
Animal Feed Market size was estimated at USD 35.2 billion in 2017 and it is anticipated to reach USD 43.79 billion by 2026 growing at a CAGR of 3.7% during the forecast period 2019 to 2026.
Browse details of 100 number of pages research report developed on Animal Feed Market @ https://www.researchcosmos.com/reports/animal-feed-market/60324849
Animal Feed Market Growth Drivers and Restraints:
Increased demand for energy and increasing demand for water, poultry and processed dairy products, have been driving the market for animal feed. Large companies focus on developing their presence throughout the value chain.
In recent years, a number of diseases affecting livestock raise concerns over the safety and quality of products were used for animal feed. Raw materials have a direct impact on the cost and quality of the finished product. As a result, the production facilities of the main market players are close to the raw material source. Leading companies in the feed market is dedicated to research and development to develop high quality products. Organic preferences and consumption of natural foods is a tendency that can create a demand for extracts of plants and other natural products. It is expected that the increase in demand for organic products to limit the growth of synthetic products in the food industry in the coming years. Some multinational companies have dominated most of the brands of existing industries. This can be a big concern for the new participants. However, emerging countries like Russia, China, India and Brazil are many untapped markets. These local markets can be competitive by introducing improved products, providing new opportunities for new participants.
Geographical Analysis of Animal Feed Market:
Asia Pacific has become the largest region in the world market in 2018. China has become the largest food producers in the world. China plays an important role in the commercial food industry to support livestock farming in the world and create export opportunities. When it is considered in terms of income, Europe has become the second largest area in 2018. The growth of the livestock industry is mainly due to the countries of Western Europe. It is primarily expected to increase meat consumption in the United States. In addition, it is expected that the availability of abundant raw materials such as maize and dextrose to stimulate local demand during the prognosis period. Latin America, Brazil, Argentina, Chile has become an attractive market, especially in the poultry sector. Brazil has dominated the market for poultry feed additives in Latin America in 2018.
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Key Players of Animal Feed Market:
Key players in the food additives sector are Cargill, Inc., BASF SE, Evonik Industries AG, Nutreco NV, ADDCON Group, Archer Daniels Midland, Aliphos Belgium SA, Kemin Industries Inc., Koninklijke DSM NV and Philbro Animal Health Corporation. Other participants in the value chain are JSC Biotech, Danisco Animal Nutrition, Biomin, Ajinomoto Co, Inc., Alltech, Inc., etc.
Animal Feed Market Segmentation:
By Product:
• Vitamins
• Amino acids
• Antibiotics
• Acidifiers
• Antioxidants
• Enzymes and others
By Application:
• Special Proteins
• Mycotoxin Binders
• Minerals
• Flavors and Sweeteners
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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Research Cosmos
www.researchcosmos.com
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