Animal Feed Market Size 2022-2027: Global Industry Trends, Share, Growth, Opportunity and Forecast

Looking forward, IMARC Group expects the animal feed market to reach US$ 589.4 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.

According to IMARC Group’s latest report, titled “Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 482.1 Billion in 2021. Animal feed refers to food products that are grown and manufactured for consumption by poultry, swine, ruminants, and aquatic animals. These products are blended with several nutritional ingredients that are essential to maintain the optimal health of animals. A rich source of fibers, protein, minerals, carbohydrates, enzymes, antibiotics, and antioxidants, some of the most commonly used animal feeds include hay, straws, oils, silage, legumes, and sprouted grains.

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The easy availability of ingredients used in the production of animal feed and increasing demand for meat and animal-based product variants are some of the key factors driving the animal feed market growth. In addition to this, the significant rise in commercial livestock production and the growing consumer awareness regarding animal health are also contributing to the market growth. Moreover, the increasing demand for meat and dairy products due to rising health-consciousness among the consumers is boosting the market growth. In line with this, inflating disposable income levels and the numerous initiatives undertaken by the government of various countries to promote the usage of quality animal feed are further creating a positive outlook for the market. Looking forward, IMARC Group expects the animal feed market to reach US$ 589.4 Billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Archer-Daniels-Midland Company
  • Cargill Incorporated
  • Charoen Pokphand Group
  • Dupont De Nemours Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • ForFarmers N.V.
  • Kemin Industries Inc.
  • Nutreco N.V (SHV Holdings)
  • Perdue Farms Inc.
  • Tyson Foods Inc.

Market Segmentation:

Breakup by Form:

  • Pellets
  • Crumbles
  • Mash
  • Others

Breakup by Animal Type:

  • Swine
    • Starter
    • Finisher
    • Grower
  • Ruminants
    • Calves
    • Dairy Cattle
    • Beef Cattle
    • Others
  • Poultry
    • Broilers
    • Layers
    • Turkeys
    • Others
  • Aquaculture
    • Carps
    • Crustaceans
    • Mackeral
    • Milkfish
    • Mollusks
    • Salmon
    • Others
  • Others

Breakup by Ingredient:

  • Cereals
  • Oilseed Meal
  • Molasses
  • Fish Oil and Fish Meal
  • Additives
    • Antibiotics
    • Vitamins
    • Antioxidants
    • Amino Acids
    • Feed Enzymes
    • Feed Acidifiers
    • Others
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Edward E.Breen

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