Press release
Animal Feed Market Size, Share, Growth Opportunities, Leading Company Analysis, Business Boosting Strategies, Current Scenario, Global Forecast To 2023
Animal Feed Market
The global Animal Feed Market size is predicted to exhibit a 4.27% CAGR from 2018 to 2023 (forecast period) to reach USD 617.61 billion by 2023, as per the latest report by Market Research Future (MRFR). Animal feed is manufactured on a large scale to improve the diets of farm animals. This, in turn, improves the diets of products such as eggs, milk, and meat.
Increase in industrial livestock production is the major factor driving the animal feed market demand. Rising consumption of meat fueled by health-conscious consumers can propel the production rate of industrial livestock. The increase in per-capita income and the inclination towards meat and dairy products can buttress the growth of this trend. Investments in research and development (R&D) to enhance food fortification processes are forecasted to open up new growth opportunities in the forthcoming years.
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Report Overview
The report provides an accurate overview of the market complete with statistical graphs to support the forecasted figures. Our analysts make insightful predictions regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global animal feed market segmented on the basis of form, species, and region. Numerous growth strategies undertaken by companies as well as the latest trends driving the market are outlined in the report. The market share of all prominent players and their current position is discussed in minute detail. It analyzes new revenue sources for players and emphasizes on the various strategies implemented by players.
Segment Overview
The global market is segmented by form and species. Different forms of animal feed include pellets, crumbles, mash, and others. ‘Others’ comprise whole grains, micro pellet, crushed grain or scratch, grain mix, and others. By species, the market is segmented into poultry, swine, aqua, ruminants, and others. The segments covered in the animal feed market report are analyzed with respect to four main regions – North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.
Competitive Landscape
Prominent players in the animal feed market include Neovia Group (France), Archer Daniels Midland (ADM) Company (U.S.), COFCO Limited (Hong Kong), New Hope Group (China), ForFarmers N.V. (The Netherlands), Charoen Pokphand Group (Thailand), Cargill, Inc. (U.S.), Japfa Comfeed Indonesia Tbk (Indonesia), NUTRECO N.V. (The Netherlands), and Land 'O Lakes Inc. (U.S.).
The report offers a comprehensive analysis on the profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.
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Research Methodology
At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews can lead to accrual of highly relevant data. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner.
In addition, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.
Contact:
Market Research Future
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Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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