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Animal Feed Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Animal Feed Market size accounted for USD 78.75 Billion in 2023, growing at a CAGR of 4.86% from 2023 to 2033. Animal feed refers to nutritional formulations designed to provide essential nutrients and energy to domesticated animals, primarily livestock and poultry, for optimal growth, health, and production. Animal feed typically consists of a combination of ingredients such as grains, protein sources (e.g., soybean meal, fish meal), vitamins, minerals, and additives. These formulations are carefully balanced to meet the specific nutritional requirements of different animal species and production purposes, including meat, milk, and egg production. Animal feed is a critical component of modern animal husbandry, ensuring that animals receive a well-rounded diet to support their physiological needs and enhance overall productivity. It plays a vital role in the agricultural industry by contributing to the efficient and sustainable production of animal-based food products.The Animal Feed market is driven by the increasing demand for high-quality protein sources, the growth of the livestock industry, and the emphasis on animal nutrition for optimal health and productivity. Additionally, evolving consumer preferences and awareness of sustainable and nutritious animal products contribute to market expansion.
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Key Highlights:
• The global Animal Feed Market size was valued at USD 78.75 billion in 2023 growing at a CAGR of 4.86% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Animal Feed Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.
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Key Players
Some of the major Animal Feed Market players holding high market shares include Ajinomoto Co. Inc., ADM, BASF SE, BIOMIN Holding GmbH, and Cargill Incorporated. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Adisseo
• Ajinomoto Co Inc
• ADM
• BASF SE
• BIOMIN Holding GmbH
• Cargill, Incorporated
• Hansen Holding A/S
• DuPont
• DSM
• Elanco
Segmental Analysis
Market Segment By Type
• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Amino Acids
• Vitamins
• Minerals
• Others
Market Segment By Form
• Pellets
• Crumbles
• Mash
• Others
Market Segment By Species
• Swine
• Ruminants
• Poultry
• Aquaculture
• Others
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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