Animal Feed Market Size is to Reach US$ 589.4 Billion by 2027, Exhibiting a Growth Rate (CAGR) of 3.5%

According to IMARC Group's latest report, titled "Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global animal feed market size reached US$ 482.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 589.4 Billion by 2027, exhibiting a growth rate (CAGR) of 3.5% during 2022-2027.

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Animal feeds refer to a variety of edible products that are responsible for enhancing the overall health of poultry and livestock. It is prepared from several animal and plant-derived origins, including quinoa, microalgae, and canola. Animal feeds are enriched with carbohydrates, fat, minerals, and proteins that help increase the production capacity of livetstock, improve fertility, ensure weaning processes and promote rapid growth and weight gain. As a result, animal feeds are provided by farmers in pellets, crumble and mesh forms to meet the physiological needs of farm animals and promote their overall performance for profitable livestock production.

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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.

Animal Feed Market Trends:

Rapid urbanization and the increasing consumption of various animal-based products, such as meat, milk, and eggs, are primarily driving the market toward growth. In line with this, the significant rise in commercial livestock production and favorable initiatives by governments to launch policies and schemes to improve the status of the animal feed industry is favoring the market growth. Moreover, changing consumer dietary preferences and the growing population are fuelling the need for animal products, which in turn, are supplementing the product demand.

Additionally, the widespread adoption of protein-rich animal feed ingredients, including bone, blood, feather, and fish meal, owing to their multiple health advantages, such as increased feed conversion rate, is impelling the market growth. Besides this, the escalating uptake of algae-based ingredients in animal feed to promote physical growth and ongoing product diversification by key players are contributing to the market growth.

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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:

The report has also analysed the competitive landscape of the market with some of the 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.

Key Market Segmentation:

The report has categorized the market based on form, animal type and ingredient.

Breakup by Form:
• Pellets
• Crumbles
• Mash
• Others

Breakup by Animal Type:
• Swine
o Starter
o Finisher
o Grower
• Ruminants
o Calves
o Dairy Cattle
o Beef Cattle
o Others
• Poultry
o Broilers
o Layers
o Turkeys
o Others
• Aquaculture
o Carps
o Crustaceans
o Mackeral
o Milkfish
o Mollusks
o Salmon
o Others
• Others

Breakup by Ingredient:
• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
o Antibiotics
o Vitamins
o Antioxidants
o Amino Acids
o Feed Enzymes
o Feed Acidifiers
o 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, South Africa, Others)

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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.

Related Reports by IMARC Group:

Food Waste Management Market: https://bit.ly/3ApqGlY

India Spices Market: https://bit.ly/3hHPqPD

Saudi Arabia French Fries Market: https://bit.ly/3UKVjKK

United States Swine Feed Market: https://bit.ly/3hOkNZ3

Asia Pacific Swine Feed Market: https://bit.ly/3TOgry9

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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.

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