Animal Feed Market: A Robust Growth Forecast with USD 678.45 Billion in Revenue by 2032, CAGR of 3.2%

𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭

The recently published Animal Feed Market study report by Polaris Market Research reveals that the global market was USD 509.64 billion in 2023, with a CAGR of 3.2% projected from 2024 to 2032. The global market is expected to offer an absolute opportunity of USD 678.45 billion by 2032.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/animal-feed-market/request-for-sample

The demand for animal procured food commodities such as dairy, meat, and eggs and the growing concentration on animal well-being and nutrition can be considered as elements for the market. Additionally, several technological progressions in feed generation, an increasing aggregate of feed mills, and the merging of industries are anticipated to reinforce the market in the forecast period. The research additionally summarized that the fabrication evolution is more in advancing nations rather than in advanced economies which are approximately steady in the near future.

Animal feed indicates the food that is provided to several animals in the procedure of animal husbandry. Conventional sources of animal feed involve domestic food throw-away and derivatives of food processing industries such as brewing or milling. On an extensive magnitude, food waste is initially garnered from several sources such as offices, restaurants, markets, houses, and so on. The garnered food is then habitually categorized and compressed prior to being recycled in transformers as animal feed.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The market players acquire a plan of action to enhance the penetration of their products by assisting an extensive consumer base in the market and escalating the obtainability of their commodities in multiple geographical areas. A list of key companies profiled in the animal feed market are:

• Cargill
• Incorporated
• Charoen Pokphand Foods PCL
• ADM
• Royal Agrifirm Group
• Alltech
• BRF
• DaChan Food (Asia) Limited
• De Heus Animal Nutrition
• ForFarmers
• Guangdong HAID Group Co. Ltd.
• Kent Nutrition Group
• New Hope Liuhe Co. Ltd.
• Smithfield Foods Inc
• Purina Animal Nutrition LLC.
• Tyson Foods Inc.
• Evonik Industries AG
• BASF SE

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/110/2

𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

Increasing Demand for Animal Protein: Rising consumer preference for high-quality animal-based products such as meat, dairy, and eggs is driving the demand for nutritionally rich animal feed.

Population Growth and Urbanization: The growing global population and urbanization lead to higher consumption of animal-based products, necessitating enhanced animal production and, in turn, greater demand for animal feed.

Advancements in Animal Nutrition: Innovations in feed additives and the development of specialized feed formulations contribute to improved animal health and productivity, boosting the market.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

• The primary factors propelling the market growth of animal feed are the increasing demand for animal-produced food commodities such as meat, dairy, and eggs and the growing consciousness of animal health and nutrition.
• The animal feed market analysis is mainly based on type, livestock, form, composition, and region.
• In 2022, Asia Pacific dominated the market.
• The market in Asia Pacific will increase due to escalating population and urbanization in the region.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/animal-feed-market

𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐇𝐚𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐓𝐡𝐞 𝐀𝐧𝐢𝐦𝐚𝐥 𝐅𝐞𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐚𝐬𝐞𝐝 𝐎𝐧 𝐓𝐲𝐩𝐞, 𝐋𝐢𝐯𝐞𝐬𝐭𝐨𝐜𝐤, 𝐅𝐨𝐫𝐦, 𝐀𝐧𝐝 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧:

Animal Feed Market, Type Outlook (Revenue - USD Billion, 2019 - 2032)
• Antibiotic
• Antioxidants
• Amino acids
• Feed enzymes
• Feed Acidifiers
• Vitamin
• Others

Animal Feed Market, Livestock Outlook (Revenue - USD Billion, 2019 - 2032)
• Cattle
• Poultry
• Swine
• Aquaculture
• Others

Animal Feed Market, Form Outlook (Revenue - USD Billion, 2019- 2032)
• Mash
• Pellets
• Crumbles
• Others

Animal Feed Market, Composition Type Outlook (Revenue - USD Billion, 2019- 2032)
• Cereal-Based Feed
• Soy-Based Feed
• Fish-Based Feed
• Oilseed-Based Feed
• Other Animal-Based Feed

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.