Press release
2023 Animal Food Market Size, Share, Industry Trends, Growth, Recent Developments, Technology And Forecast To 2032
Animal Food Market
As per the animal food market report by The Business Research Company, the animal and pet food market's growth is aided by the stable economic growth forecasted in many developed and developing countries.
The global animal food market grew from $299.68 billion in 2022 to $326.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The animal food market is expected to grow to $439.39 billion in 2027 at a CAGR of 7.7%.
Read More On The Animal Food Market Report Here:
https://www.thebusinessresearchcompany.com/report/animal-food-global-market-report
Major competitors in the animal food market include Cargill Incorporated, New Hope Liuhe Co. Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Mitsui, CJ Cheiljedang Corp, Land O'Lakes Inc., ForFarmers NV, Japfa Ltd., and Tate & Lyle
The animal food market is segmented -
By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the animal food market.
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Animal food is a type of feed for domestic animals. the main types of animal food are poultry feed, cattle feed, aquaculture feed, and other animal food. Poultry feed is food used to feed chickens, ducks, geese, and other domestic birds or farm poultry. The various ingredients used in animal food are cereals, oilseed meal, supplements, and other ingredients. These products are made available through supermarkets, hypermarkets, convenience stores, e-commerce, and other distribution channels
The Table Of Content For The Animal food market Include:
1. Executive Summary
2. Report Structure
3. Animal Food Market Characteristics
4. Animal Food Market Product Analysis
5. Animal Food Market Supply Chain
.......
22. Key Mergers And Acquisitions In The Animal Food Market
23. Market Background: Animal And Pet Food Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Animal food market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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