Press release
Animal Feed Market Set for Explosive Growth, expected to Hit USD 859.62 billion by 2034
Animal Feed Market
โ The animal feed market size was valued at USD 564.78 billion in 2024.
โ The market is expected to expand at a CAGR of 4.3% from 2025 to 2034.
โ The market is expected to grow to USD 859.62 billion by 2034.
Overview:
Animal feed plays a critical role in contemporary livestock farming, providing important nutrients necessary for animal development, well-being, and efficiency. It includes different nutritional components, such as carbohydrates, proteins, vitamins, and minerals, designed to fulfill the unique dietary requirements of various animal species. Animal feed is utilized in various sectors, such as poultry, livestock, aquaculture, and pet care. This enhancement helps achieve the desired quality of meat, increases milk production, and improves egg-laying efficiency.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/animal-feed-market/request-for-sample
Growth Factors and Opportunities:
The growing demand for livestock products such as meat, dairy, and eggs is propelling the animal feed market. Animal nutrition's significance in meeting the increasing protein demands is a key factor in livestock farming's growth. Moreover, developments in technology for producing feed are changing the industry, improving efficiency and sustainability. Businesses are also investigating different feed sources, such as insect protein and algae, to lessen their reliance on traditional grains and soy.
Key Participants:
As the market expands, competition is expected to increase with the involvement of numerous businesses. Some of the major players participating in the animal feed market:
โข Cargill, Incorporated
โข Charoen Pokphand Foods PCL
โข ADM
โข Royal Agrifirm Group
โข Alltech
โข BRF Global
โข DaChan Food (Asia) Limited
โข De Heus Animal Nutrition
โข ForFarmers
โข Guangdong HAID Group Co., Ltd.
โข Kent Nutrition Group
โข New Hope Liuhe Co., Ltd.
โข Smithfield Foods, Inc
โข Purina Animal Nutrition LLC.
โข Tyson Foods, Inc.
โข Evonik Industries AG
โข BASF SE
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/110/2
Animal Feed Market Report Highlights
โข By form analysis, the pellets segment is anticipated to experience substantial growth with a significant CAGR in the global market. This growth is due to efficient and convenient feed options, and ease of handling and storage compared to loose feed.
โข By livestock analysis, the poultry segment accounted for the largest revenue share of the market in 2024 due to the increase in the production of poultry farming.
โข In 2024, North America dominated the animal feed market due to the established presence of several companies within the region.
โข The animal feed market in China is projected for substantial growth due to the increased production of pork.
Market Segmentation:
The animal feed market is mainly segmented based on type, livestock, form, composition, and region. Based on the livestock analysis, in 2024, the poultry segment accounted for the largest revenue share of the market because of the growing need for chicken meat and eggs. Poultry is a widely eaten source of protein around the world, and the industry of poultry farming is growing on a global scale.
Furthermore, according to the form analysis, the pellets segment is anticipated to register a substantial CAGR in the global market. Pellet animal feed is a practical and convenient option for feeding animals, and it is recognized for its ease of storage and handling compared to loose feed.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/animal-feed-market
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Black Beer Market
https://www.openpr.com/news/3753374/black-beer-market-growth-51-61-billion-by-2030-8-6-cagr
Meal Replacement Market
https://www.openpr.com/news/3753384/meal-replacement-market-surge-to-18-91-billion-predicted
Nutritional Analysis Market
https://www.openpr.com/news/3755868/natural-antioxidants-market-acceleration-towards-1-85
Dairy Foods Market
https://www.openpr.com/news/3755917/dairy-foods-market-outlook-projects-1-346-32-billion-by-2030
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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