Press release
Animal Feed Market Report, Size, Share and Growth 2022-2027
Animal Feed Market
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. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global animal feed market reached a value of US$ 482.1 Billion in 2021. Animal feed refers to food products that are grown and manufactured for consumption by poultry, swine, ruminants, and aquatic animals. These products are blended with several nutritional ingredients that are essential to maintain the optimal health of animals. A rich source of fibers, protein, minerals, carbohydrates, enzymes, antibiotics, and antioxidants, some of the most commonly used animal feeds include hay, straws, oils, silage, legumes, and sprouted grains.
Animal Feed Market Trends:
The easy availability of ingredients used in the production of animal feed and increasing demand for meat and animal-based product variants are some of the key factors driving the animal feed market growth. In addition to this, the significant rise in commercial livestock production and the growing consumer awareness regarding animal health are also contributing to the market growth. Moreover, the increasing demand for meat and dairy products due to rising health-consciousness among the consumers is boosting the market growth. In line with this, inflating disposable income levels and the numerous initiatives undertaken by the government of various countries to promote the usage of quality animal feed are further creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 589.4 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.
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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:
Archer-Daniels-Midland Company
Cargill Incorporated
Charoen Pokphand Group
Dupont De Nemours Inc.
Evonik Industries AG (RAG-Stiftung)
ForFarmers N.V.
Kemin Industries Inc.
Nutreco N.V (SHV Holdings)
Perdue Farms Inc.
Tyson Foods Inc.
Market Segmentation:
Breakup by Form:
Pellets
Crumbles
Mash
Others
Breakup by Animal Type:
Swine
Starter
Finisher
Grower
Ruminants
Calves
Dairy Cattle
Beef Cattle
Others
Poultry
Broilers
Layers
Turkeys
Others
Aquaculture
Carps
Crustaceans
Mackeral
Milkfish
Mollusks
Salmon
Others
Others
Breakup by Ingredient:
Cereals
Oilseed Meal
Molasses
Fish Oil and Fish Meal
Additives
Antibiotics
Vitamins
Antioxidants
Amino Acids
Feed Enzymes
Feed Acidifiers
Others
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/animal-feed-market
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
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.
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Contact Us:
IMARC Group
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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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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