Animal Feed Market Insights 2022 Competitive Landscape, Recent Developments and Forecast to 2028

The research report "Animal Feed Market By Feed Type (Medicated Feed (Broilers Medicated Feed, Layers Medicated Feed, Dairy Medicated Feed, Beef Medicated Feed, Swine Medicated Feed, Equine Medicated Feed, Aqua Medicated Feed, and Others Medicated Feed), Non-medicated Feed (Broilers Non-medicated Feed, Layers Non-medicated Feed, Dairy Non-medicated Feed, Beef non-medicated Feed, Swine Non-medicated Feed, Equine Non-medicated Feed, Aqua Non-medicated Feed and Others Non-medicated Feed)), By Animal Type (Farm Animals (Broilers, Layers, Dairy, Beef, Swine, Equine), Aquaculture and Others)), Geography - Global/Region/Country Forecast to 2028." The animal feed market size is estimated to be valued at around USD 481.6 billion in 2021 and is poised to grow at a significant CAGR of 3.5% over 2022-2028.

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The Animal Feed Market Overview:
Animal nutrition focuses on the dietary requirements of animals, mostly those used in agriculture and food production, but also those kept in aquariums, zoos, and for the management of wildlife. Animal nutrition is crucial for the health and productivity of farm animals. High-priority animal nutrition issues are identified through a variety of organizations and programs, including the National Animal Nutrition Program (NANP). These groups provide a comprehensive and integrated method for assembling, gathering, exchanging, synthesizing, and disseminating scientifically informed data and instructional resources on animal nutrition that raises the importance of study among agricultural animals.

The Animal Feed Market - Growth Factors:
The feed conversion rate has increased as a result of the commercialization of animal farming, mostly due to an increase in demand for ingredients for animal feed that are high in protein. To aid in weight gain and the production of meat high in protein, industrially farmed livestock are typically fed concentrates produced from cereal & vegetable protein, particularly soybean meals. Animals raised for food rely substantially on proteins and other nutrients as the basis for healthy growth. Animal feeds contain a lot of energy-dense proteins that also contain vital amino acids like lysine and tryptophan as well as minerals like calcium and phosphorus.

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The Animal Feed Market Regional Analysis
The North American area is anticipated to experience the most growth during the projection period. The primary factor driving the expansion of the animal feed market in this region is the enormous and simple accessibility of the raw materials needed to create animal feed. The North American animal feed market has been significantly impacted by consumer lifestyle changes and a rise in the knowledge of issues affecting animal health.

Competitive Analysis Animal Feed Market:
Key players working in the animal feed market are Archer Daniels Midland Co., Cargill Inc., Evonik Industries AG, ForFarmers NV, Land O'Lakes, Inc., Guangdong Haid Group Co. Ltd , New Hope Group Co. Ltd.

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