Press release
Animal Feed Market by Application, Share, Top Companies (Land 'O Lakes Inc., Charoen Pokphand Group, COFCO Limited, Japfa Comfeed Indonesia Tbk), Gross Margin, Forecast with Regional Overview
Animal Feed Market Research Report, Animal Feed Market Analysis, Animal Feed Industry Analysis, Animal Feed Market Forecast, Anima
Animal feeds are foods manufactured for the welfare of farm animals and the encouragement of the animal husbandry sector. The high consumption of meat as a source for protein is likely to result in the increased production of animal feeds. Animal feeds are of three types – roughages, concentrates, and mixed feeds. The global animal feed market report by Market Research Future (MRFR) contains data on the types of feeds and its importance and provides an analysis on its impact on animal health for the period of 2018 to 2023 (forecast period).
Market Scope
The global animal feed market size can balloon to USD 617.61 million by 2023. It is expected to exhibit a CAGR of 4.27% over the forecast period. The surge in industrial livestock production is the primary driver of the market. This can be attributed to an increase in meat consumption by the masses for their protein intake. The large disposable income levels of consumers and inclination towards meat and meat products is likely to be lucrative for the market. Investments by feed manufacturers to improve fortification processes can bode well for the global animal feed market.
The growing global population can be an active catalyst for the production of animal feeds. The population can reach 9 billion by 2050. Concerns of nutritive value of products and consumption of protein-rich foods will create opportunities for the global market. Innovative feeding concepts discussed at conventions and exhibitions to create awareness among farmers will favor the market demand. Profiling of nutrients and the composition of feeds can be used as basic parameters to understand the diets required for all livestock animals.
Fluctuating prices of raw materials can create a bottleneck in production and hamper overall market growth.
Competition Outlook
Land 'O Lakes Inc., Charoen Pokphand Group, COFCO Limited, Japfa Comfeed Indonesia Tbk, Neovia Group, Archer Daniels Midland (ADM) Company, NUTRECO N.V., ForFarmers N.V., Cargill, Inc., and New Hope Group are noteworthy players of the global animal feed market. Acquisitions and partnerships are prime strategies of the players. In 2018, ForFarmers N.V. acquired Voeders Algoet to increase its reach in Belgium. In addition, it expanded its product offerings considerably.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1611
Segmentation
The global animal feed market is segmented by form and species.
Different forms of animal feed include mash, pellets, crumbles, and others. ‘Others’ comprise grain mix, whole grains, micro pellet, crushed grain or scratch, and others. The pellet segment can touch a value of USD 243.62 billion by 2023. This can be attributed to its advantages over other feed forms and increase in steady weight gain of animals.
By species, the market is segmented into poultry, swine, aqua, ruminants, and others. The poultry segment can dominate the global animal feed market till 2023 and can command a demand of 572.90 million tons. It can display a CAGR of 4.49% during the forecast period.
Regional Analysis
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).
APAC can dominate the market till 2023 and achieve a valuation of USD 226.91 billion by the end of the forecast period. It can command a demand of 485.75 million tons by 2023. The plethora of opportunities in aquaculture can be lucrative for the global animal feed market to expand further in the region.
North America can display a CAGR of 3.93% over the forecast period to reach a value of USD 131.7 billion by 2023. The large livestock, number of farmers, and supportive regulations are factors which can bolster regional market demand.
Access Report @ https://www.marketresearchfuture.com/reports/animal-feed-market-1611
Related Report Link:
https://www.marketresearchfuture.com/reports/sulfur-fertilizers-market-10133
https://www.marketresearchfuture.com/reports/plant-based-food-beverages-market-10596
https://www.marketresearchfuture.com/reports/nutritional-bar-market-4867
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
About us
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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Animal Feed Market by Application, Share, Top Companies (Land 'O Lakes Inc., Charoen Pokphand Group, COFCO Limited, Japfa Comfeed Indonesia Tbk), Gross Margin, Forecast with Regional Overview here
News-ID: 2530232 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Animal
Animal Health Market Sets the Table for Continued Growth : Zoetis Animal Healthc …
Advance Market Analytics published a new research publication on "Animal Health Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Health market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Animal Antimicrobials and Antibiotics Market 2023 Growth and Development By Bion …
Antibiotics, also called antibacterials, are a type of antimicrobial drug used in the treatment and prevention of bacterial infections. They may either kill or inhibit the growth of bacteria. Animal Antimicrobials and Antibiotics includes Premixes, Oral Powders, Oral Solutions and Injections on the base of classification, which represent 12.4%, 14.4%, 10.4% and 56.6% of global Animal Antimicrobials and Antibiotics market.
Get Sample Copy: https://www.worldwidemarketreports.com/sample/273708
Farm Animals and Companion Animals are the…
Animal Healthcare Market Analysis Focusing on Top Key Players - Merck, Bayer Ani …
Worldwide Market Reports recently released on the Animal Healthcare market for the forecast period, 2017 – 2022 is involved in screening the business environment and the companies operating in the Animal Healthcare industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of…
Animal Model Market trends, Animal Model Market growth, Animal Model Market size …
Key Findings of Animal Model Market
Developing Regions to Overpower Developed Ones With Regard to Demand
The Asian territory is on the verge of evolving as the next big destination for animal models. This growth can be attributed to various factors such as American and European pharmaceutical companies diversifying their research activities to curtail extra expenses and save costs. Although U.S and Europe have retained their legacy in the global market, their…
Animal Growth Promoter Market Outlook To 2023 – Bayer Animal Health, Biomin, B …
Nov 2018, New York USA (News)- Different categories of feed additives for farm animals are referred to as natural growth promoters (NGPs) or non-antibiotic growth promoters. They are commonly regarded as favorable alternatives to antibiotic growth promoters (AGPs) in livestock production. NGPs include predominantly organic acids, probiotics, prebiotics, synbiotics, phytogenics, tannins, feed enzymes and immune stimulants, an ongoing search for alternatives has created a large variety of NGPs for pigs,…
Animal Antimicrobials and Antibiotics Market Key Players : Animal Health, Bayer …
The term antibiotic or antimicrobial is used for those agents who kill or inhibit the growth of microorganism. The antimicrobials products have significant benefits to the animal and to human food safety. There are researches, which have proven that an increase in the rate of animal illness results in higher rate of human illness. Therefore, livestock dealers depend on animal antibiotics to provide safe food. The scope of this report…
