IMARC Group, a leading market research company, has recently released a report titled “Animal Feed Market Report: By Form (Pellet, Crumble, Mash, Others), By Animal Type (Pig, Ruminant, Poultry, Aquaculture, Others), By Ingredient (Grains, Oilseeds, Molasses, Fish Oil/Fishmeal, Additives) , Others), by region 2023-2028.” The study provides a detailed analysis of the industry, including the Animal Feed Market Size, Growth, Share, Forecast, and Industry Report. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Animal Feed Market?
The global animal feed market size reached USD 501.9 billion in 2022. Going forward, IMARC Group projects it to reach USD 606.3 billion by 2028, registering a growth rate (CAGR) of 3.3% from 2023 to 2028.
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Animal Feed Market
The animal feed market is experiencing significant expansion, primarily driven by the increasing need for high-quality livestock products. Besides this, the requirement for meals high in protein, such as those found in meat, dairy, and eggs, is rising along with the global population, which raises the demand for animal feed that is fortified with nutrients. Additionally, there is a growing awareness among farmers and animal keepers about the health benefits of feed additives, which improve animal health and productivity, thereby enhancing the quality of animal-derived products and further propelling the animal feed market. Moreover, regulatory bodies worldwide are imposing stricter quality standards for animal feed to ensure safety and reduce environmental impact, pushing manufacturers towards innovation and high-quality production standards.
Innovation in feed composition and the integration of new technologies in feed production are pivotal trends shaping the animal feed market. Furthermore, companies are increasingly investing in research and development to create feed solutions that optimize animal health and meet nutritional requirements efficiently. In addition, the growing trend of precision nutrition, which involves tailoring feed based on the specific needs of different animal species and even individual animals, is becoming prevalent. Apart from this, regulatory bodies across the world are tightening safety standards for animal feed, which compels manufacturers to improve the quality and traceability of their products, thereby impacting the global market landscape for the animal feed market positively.
Animal Feed Market Segmentation:
Breakdown by form:
pellet
collapse
mash
others
Breakdown by animal type:
pig
starter
finisher
Producer
Ruminants
calf
dairy cow
beef cattle
others
家禽類
broiler
layer
turkey
others
aquaculture
carp
crustacean
McKerral
milkfish
mollusk
Salmon
others
others
Breakdown by ingredient:
穀類
oil meal
molasses
fish oil and fishmeal
Additives
抗生物質
vitamin
抗酸化物質
amino acid
feed enzyme
Sour ingredients for feed
others
others
Regional breakdown:
North America
US
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
others
Europe
Germany
France
England
Italy
Spain
Russia
others
Latin America
Brazil
Mexico
others
Middle East/Africa
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Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Market Trends
Market Drivers and Success Factors
Impact of COVID
Value Chain Analysis
Comprehensive mapping of the competitive
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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