Press release
Animal Feed Market Expected To Reach USD 910.34 Billion by 2032, Growing at a CAGR of 4.8% | Cargill Incorporated, ADM (Archer Daniels Midland, Phibro Animal Health Corporation
Animal Feed Market
Some of the Top Leading Key Players:
Cargill Incorporated (US)
ADM (Archer Daniels Midland, US)
Phibro Animal Health Corporation (US)
NOVUS INTERNATIONAL INC. (US)
Purina Animal Nutrition LLC (US)
Kemin Industries Inc. (US)
Kent Nutrition Group (US)
Alltech (US)
Land O'Lakes (US)
Tyson Foods (US)
BASF SE (Germany)
Evonik Industries AG (Germany)
Vetsfarma Ltd. (UK)
Nutreco (Netherlands)
De Heus Animal Nutrition (Netherlands)
DSM (Netherlands)
Yara (Norway)
Perstorp (Sweden)
Nutrex.EU (Belgium)
Henraajh Feeds India Pvt. Ltd. (India)
New Hope Group (China)
Guangxi Yangxiang Co., Ltd. (China)
Weston Stockfeed New Zealand (New Zealand)
JAPFA LTD (Indonesia)
Charoen Pokphand Foods PCL (Thailand), and Other Major Players.
Animal Feed Market Size Was Valued at USD 596.97 Billion in 2023, and is Projected to Reach USD 910.34 Billion by 2032, Growing at a CAGR of 4.8% From 2024-2032.
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Animal feed is critical to contemporary agriculture since it gives pets, poultry, livestock, and aquaculture the nutrition they need. Its advantages include cost-effectiveness, convenience, disease prevention, efficiency, and nutritional balance. For animal growth, health, and reproduction, formulated feed formulas are made to offer a balanced combination of proteins, carbs, fats, vitamins, and minerals. Additionally, they maximize feed usage, which lowers waste and saves farmers and producers money.
Segmentation Analysis of the Animal Feed Market
By Product
Cereal Grains
Protein Meals
Milk Replacer
Feed Additives
By Animal Type
Ruminants
Swine
Poultry
Aquaculture
Pets
Equine
By Form
Pellets
Crumbles
Mash
Liqui
Frozen
By Ingredient
Plant-based feed
Animal-based feed
Additives
By Distribution Channel
Direct sales to farmer
Retail stores
Online platforms
By End User
Feed Manufacturers
Contract Manufacturers
Livestock Producers
Commercial farms
Household/family farms
Animal Feed Market Trend Analysis
Rising demand for animal-derived food products
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Key Industry Developments in the Animal Feed Market:
In July 2023, Hendrix Genetics, a renowned company specializing in multi-species animal breeding, genetics, and technology, announced a collaboration with CSA Animal Nutrition, a prominent provider of professional nutrition services. This partnership aims to bolster nutrition support for Hendrix Genetics' turkey business unit, Hybrid Turkeys, specifically within the Americas region. Under this agreement, CSA will deliver precise nutrition solutions tailored to meet the performance objectives of Hybrid Turkeys.
In November 2023, Alltech, a global leader with over four decades of experience in the agriculture industry, unveiled Egalis, a new line of premium silage inoculants. These innovative products are designed to optimize nutrient quality, enhance forage stability, and minimize dry matter loss. Egalis inoculants are formulated to support optimal animal performance by preserving the nutritional integrity of silage feed.
Regional Analysis
Asia Pacific is Expected to Dominate the Market Over the Forecast period
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Strategic Points Covered in Table of Content of Animal Feed Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Animal Feed Market Landscape
Chapter Four: Animal Feed Market by Type
Chapter Five: Animal Feed Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Animal Feed Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
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