Animal Feed Market Size (US$ 606.3 Billion ), Trends Analysis, Manufacturers, Outlook and Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global animal feed market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Animal Feed Market?

Global animal feed market size reached US$ 501.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 606.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/animal-feed-market/requestsample

What is Animal Feed?

Animal feed refers to the food given to domesticated animals in order to maintain their health and promote their growth. Animal feed includes a combination of grains, protein sources, vitamins, and minerals, which are specifically tailored to meet the nutritional needs of different animals. Rich in proteins, fibers, carbohydrates, minerals, enzymes, acidifiers, antibiotics, and antioxidants, it improves the quality and quantity of animal products such as milk, meat, and eggs.

What are the Growth Prospects and Trends in the Animal Feed Industry?

The rising demand for animal-based products, such as meat, milk, and eggs, represents one of the key factors driving the animal feed market growth. This can be primarily attributed to the increasing population and changing dietary habits of people. Moreover, increasing awareness regarding the health benefits of plant-based ingredients in animal feed is contributing to the market growth. For instance, microalgae and other algae-based ingredients enrich the nutritional content animal feed, which is facilitating their adoption in preparing animal feed for livestock, thus driving the market growth. In addition to this, the widespread incorporation of non-Genetically Modified Organisms (non-GMO) crops in animal feed, coupled with the rising demand for all-natural food sources is driving the market toward growth. Other factors, including rising expenditure capacity of consumers, extensive research and development (R&D), and the rising demand for premium quality eggs and meat, are expected to drive the animal feed market further across the globe.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=2565&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Animal Feed Market?

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.

What is Included in Market Segmentation?

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

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

Based on 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

Analysed 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

Regional Analysis:
• 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)

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 (𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧): https://www.imarcgroup.com/request?type=report&id=2565&flag=C

Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• 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:

Pet Food Market Research Report 2023-2028: https://www.imarcgroup.com/pet-food-market/requestsample
Dog Food Market Research Report 2023-2028: https://www.imarcgroup.com/dog-food-manufacturing-plant/requestsample
Swine Feed Market Research Report 2023-2028: https://www.imarcgroup.com/swine-feed-market/requestsample
Organic and Natural Pet Food Market Research Report 2023-2028: https://www.imarcgroup.com/organic-natural-pet-food-market/requestsample

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This release was published on openPR.