According to IMARC Group’s latest report, titled “Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global animal feed market reached a value of US$ 448 Billion in 2020. Animal feed includes raw, processed, and semi-processed products grown and manufactured for the consumption of poultry, swine, ruminants, and aquatic animals. It is rich in fibers, proteins, carbohydrates, minerals, antibiotics, and antioxidants. It aids in maintaining the overall health of animals and improving the quality of animal products like eggs, milk, and meat.
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Due to the growing health-consciousness among consumers, there is a considerable rise in the sales of dairy and meat products across the globe. This, in confluence with the escalating demand for algae-based ingredients in animal feed, is propelling the growth of the market. Microalgae assists in providing essential nutrients to livestock for their early development. Furthermore, the vendors are focusing on incorporating non-Genetically Modified Organisms (non-GMO) crops in animal feed to meet the requirement of end users for all-natural food sources. Other major factors, including extensive research and development (R&D) activities, coupled with various initiatives undertaken by governing agencies for promoting quality animal feed, are anticipated to impel the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.5% during 2021-2026.
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.
Breakup by Form:
Breakup by Animal Type:
- Dairy Cattle
- Beef Cattle
Breakup by Ingredient:
- Oilseed Meal
- Fish Oil and Fish Meal
- Amino Acids
- Feed Enzymes
- Feed Acidifiers
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 (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
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