Press release
Animal Feed Market Value, Size, Key Players, Opportunity and Forecast 2022-2027
According to IMARC Group's latest report, titled "๐๐ง๐ข๐ฆ๐๐ฅ ๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", 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.Animal feed represents the food items that are grown and manufactured for the consumption of ruminants, poultry, swine, aquatic animals, etc. It is generally prepared by blending products with high nutritional content, including silage, hay, straw, oils, sprouted grains, legumes, etc. Animal feed is rich in proteins, fibers, carbohydrates, enzymes, acidifiers, minerals, antibiotics, antioxidants, etc., that enrich animal produce, such as milk, eggs, meat, etc. In line with this, it also acts as a good source of energy to support life processes and muscular activity in animals.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/animal-feed-market/requestsample
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:
The escalating demand for meat-based products and the increasing commercial livestock production are primarily augmenting the animal feed market. Furthermore, the inflating need for dairy goods as a source of numerous nutrients, owing to the rising consumer health consciousness, is acting as another significant growth-inducing factor. Apart from this, various associated health benefits of the ingredients that are algae-based in animal feed are positively influencing the global market.
Moreover, the widespread adoption of microalgae that plays an essential role in enriching animal feed with nutrients for the early developmental stages of livestock and extensive investments in R&D activities by leading manufacturers are also bolstering the market growth. Besides this, the growing production of premium quality eggs, milk, meat, etc., is further catalyzing the global market. Additionally, several vendors are incorporating non-genetically modified organisms (non-GMO) crops in these products to meet the user demand for all-natural food sources, which is expected to fuel the animal feed market in the coming years.
๐๐ฎ๐ฒ ๐๐ง๐ข๐ฆ๐๐ฅ ๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=2565&method=1
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
โข Archer-Daniels-Midland Company
โข Cargill Incorporated
โข Charoen Pokphand Group
โข Dupont De Nemours Inc.
โข Evonik Industries AG (RAG-Stiftung)
โข ForFarmers N.V.
โข Kemin Industries Inc.
โข Nutreco N.V (SHV Holdings)
โข Perdue Farms Inc.
โข Tyson Foods Inc.
Key Market Segmentation:
The report has categorized the market based on form, animal type and ingredient.
Breakup by Form:
โข Pellets
โข Crumbles
โข Mash
โข Others
Breakup by Animal Type:
โข Swine
โข Ruminants
โข Poultry
โข Aquaculture
โข Others
Breakup by Ingredient:
โข Cereals
โข Oilseed Meal
โข Molasses
โข Fish Oil and Fish Meal
โข Additives
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/request?type=report&id=2565&flag=C
Key highlights of the report:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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://www.imarcgroup.com/food-waste-management-market
India Spices Market: https://www.imarcgroup.com/india-spices-market
Saudi Arabia French Fries Market: https://www.imarcgroup.com/saudi-arabia-french-fries-market
Asia Pacific Swine Feed Market: https://www.imarcgroup.com/asia-pacific-swine-feed-market
Rose Oil Market: https://www.imarcgroup.com/rose-oil-market
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
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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