Animal Feed Market by Size, Share, Forecast, & Trends Analysis

Meticulous Research®, a distinguished global market research company, has recently unveiled a comprehensive research report titled 'Animal Feed Market.' This insightful publication delves into various facets of the market, encompassing types such as Compound Feed, Feed Concentrate, and Roughages, sources including Plant, Animal, and Novel Sources, forms comprising Dry (Pellets, Crumbles) and Wet, as well as animal types such as Poultry, Ruminants (Beef Cattle, Dairy Cattle), Swine, and Aquaculture. The geographical scope extends across global regions.

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According to the findings presented in this report, Meticulous Research® predicts that the animal feed market is poised to reach an impressive $961.2 billion by 2030, exhibiting a robust CAGR of 4.6% from 2023 to 2030. This growth trajectory is propelled by the increasing commercialization of the livestock sector, a surging demand for animal-based products, and a heightened focus on research and development within the animal feed industry. However, the market faces challenges due to fluctuating raw material prices, posing a restraint on its growth. Notwithstanding, the growing awareness regarding animal health is anticipated to unlock opportunities for market players.

A spotlight on the key players in the global animal feed market reveals prominent entities such as Charoen Pokphand Foods PCL, New Hope Liuhe Co., Ltd., Cargill, Incorporated, BRF S.A., Tyson Foods, Inc., Nutreco N.V., Archer-Daniels-Midland Company, Alltech Inc., ForFarmers N.V., De Heus Animal Nutrition, Royal Agrifirm Group, and Guangdong HAID Group Co., Ltd.

The segmentation of the animal feed market encompasses types, sources, forms, animal types, and geography. Compound feed, among the types, is expected to dominate the market in 2023, driven by its higher price and increasing demand among commercial livestock farmers and pet owners. Feed concentrates, however, are projected to register the highest CAGR during the forecast period.

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In terms of source segmentation, plant-based feed is anticipated to command the largest share in 2023, owing to abundant raw material availability and the widespread acceptance of plant-based animal feed. The novel sources segment is poised to register the highest CAGR, propelled by the high nutritional profiles of these sources and government approvals for their integration into feed products.

The animal feed market's form segmentation highlights the dominance of dry feed in 2023 due to its convenience in handling, storage, and transport, coupled with longer shelf life and nutrient stability. The poultry segment within the animal type segmentation is expected to claim the largest share in 2023, driven by the increasing demand for poultry meat-based products and a preference shift towards white meat.

Geographically, Asia-Pacific is projected to be the frontrunner in the global animal feed market in 2023. The region's leadership is attributed to factors such as increased meat consumption, high milk production, a thriving livestock farming industry, and the presence of major animal feed producers.

Top 10 Companies in Animal Feed Market: https://meticulousblog.org/top-10-companies-in-animal-feed-market/

In conclusion, Meticulous Research®'s in-depth analysis provides a nuanced understanding of the current landscape and future prospects of the global animal feed market, offering valuable insights for industry stakeholders and decision-makers.

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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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This release was published on openPR.