Press release
Animal Feed Market Size (US$ 606.3 Billion ), Trends Analysis, Manufacturers, Outlook and Forecast 2023-2028
Animal Feed 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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: 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.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: 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.
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.
What is Included in Market Segmentation?
The report has categorized the market based on form, animal type, ingredient and region.
Breakup by Form:
โข Pellets
โข Crumbles
โข Mash
โข Others
Based on Animal Type:
โข Swine
o Starter
o Finisher
o Grower
โข Ruminants
o Calves
o Dairy Cattle
o Beef Cattle
o Others
โข Poultry
o Broilers
o Layers
o Turkeys
o Others
โข Aquaculture
o Carps
o Crustaceans
o Mackeral
o Milkfish
o Mollusks
o Salmon
o Others
โข Others
Analysed by Ingredient:
โข Cereals
โข Oilseed Meal
โข Molasses
โข Fish Oil and Fish Meal
โข Additives
o Antibiotics
o Vitamins
o Antioxidants
o Amino Acids
o Feed Enzymes
o Feed Acidifiers
o Others
โข Others
Regional Analysis:
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)
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ (๐๐% ๐ ๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง): https://www.imarcgroup.com/request?type=report&id=2565&flag=C
Key Highlights of The Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
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:
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
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
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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