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Animal Feed Market: Global Market Size, Growth factors, Dynamics, Regional Share, Trends, Top Key Players, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Animal Feed Market: Global Market Size, Growth factors, Dynamics, Regional Share, Trends, Top Key Players, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Animal Feed Market: By Feed Type (Medicated Feed, Non- Medicated Feed), By Animal Type (Farm Animals, Aquaculture, Others) and Geography

 

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Report

Description

Animal Feed Market size was valued at USD 481.6 billion in 2021 and is poised to grow at a significant CAGR of 3.5% over 2022–2028. In recent years, the global demand for meat and dairy products has propelled the animal feed market. Consumer preferences are changing, and meat consumption is increasing, pushing up demand for animal feed on a global scale. According to the United Nations’ Food and Agriculture Organization (FAO), food demand will rise by 61% by 2050. Animal protein production is expected to increase by 1.6% per year between 2010 and 2050, with meat production expected to increase by nearly 72%, aquaculture by 91%, and dairy by 54%. During the projected period, rapid urbanization and rising consumption of meat and other end products such as milk and eggs will drive the animal feed market growth. By combining enriched nutrients with the feedstuff, the feed aids in improving the animal’s capacities, accelerating development and weight increase, and developing immunity. Disease outbreaks in animals are a significant reason driving animal feed, which improves animal health and aids in the proper regulation of the food chain. High growth in the animal feed market is assisted by key companies’ expansion and investment strategies, which also aid in the enhancement of product portfolios and reaching out to new target areas. For instance, in November 2019, Cargill announced the opening of a US$34 million expansion of its Animal Nutrition & Health facility in Temple to meet the needs of feed store operators and local beef feed customers.

Recent Market Developments:

In November 2019, Purina Animal Nutrition LLC announced the launch of its new Purina Omolene range for horses on gastric support.

In September 2019, Alltech struck a strategic relationship with Archbold Biological Station’s Buck Island Ranch to improve the quality and quantity of beef. Various tactics were applied in this, with the most important being the optimal feed usage.

 

Animal Feed Market

MARKET SUMMARY
-
3.5% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.5%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North-America

Animal Feed Market

  • The report on the global animal feed market gives historical, current, and future market sizes (US$ Bn) on the basis of feed type, animal type and geography.
  • Animal Feed Market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
Key Players
  • Adisseo France S.A.S
  • Ajinomoto Co., Inc.
  • BASF SE
  • Biomin Holdings Gmbh
  • Cargill, Incorporated
Animal Feed Market Dynamics

The surge in demand for protein-rich animal feed ingredients has mainly resulted from the modernization of animal farming, boosting the feed conversion rate. Industrially farmed livestock are mostly given concentrates made from cereal and vegetable protein, such as soybean meals, to aid in weight gain and the production of protein-rich meat. Proteins and other elements are the primary building blocks for optimum growth in farm animals. Animal feed proteins are a good energy source, minerals like calcium and phosphorus, and essential amino acids like lysine and methionine. Protein feeds, such as animal protein meals, fish meals, bone meals, feather meals, blood meals, and other protein meals and feeds, are in high demand as people become more aware of the health advantages of proteins for animals. However, the animal feed market is expected to be hampered by the high price volatility of raw materials and a rising shift toward adopting a vegan-based diet over the forecast years.

North-America Got Significant Share

Animal Feed Market

The animal feed market in North America is likely to hold the highest revenue share in 2021, and in the following years, it is predicted to increase rapidly. There is growing poultry and beef production in the country and a growing focus on improving the nutrient content for the health of animals, which will help the animal feed market grow in North America. Europe holds a significant share of the global market. It is expected to grow faster in the coming years due to the growing awareness about the health benefits of proteins in animal health, which has created a substantial demand for animal feed. As livestock and farm animals contribute significantly to the food supply chain, the need for protein-rich, nutritious animal feed is expected to grow in the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The animal feed report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Segmentation

Animal Feed Market

segmentation-block-image

feed type

    • Medicated Feed
    • Non-medicated Feed
segmentation-block-image

animal type

    • Farm Animals
    • Aquaculture
    • Others
segmentation-block-image

Geography

    • North America
    • Europe
    • The Asia Pacific
    • Latin America
    • MEA
Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Report

Table Of Content

1. Executive summary
2. Global Animal Feed Ingredients Market Introduction
2.1. Global Animal Feed Ingredients Market – Taxonomy
2.2. Global Animal Feed Ingredients Market –Definitions
2.2.1. By Feed Type
2.2.2. By Animal Type
3. Global Animal Feed Ingredients Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Animal Feed Ingredients Market Dynamics – Factors Impact Analysis
4. Global Animal Feed Ingredients Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Oppurtunity Analysis
5. Global Animal Feed Ingredients Market, By Feed Type, 2017 – 2021 and Forecast, 2022 – 2028
5.1. Medicated Feed
5.1.1. Broilers Medicated Feed
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Layers Medicated Feed
5.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Dairy Medicated Feed
5.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Beef Medicated Feed
5.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Swine Medicated Feed
5.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.1.6. Others Medicated Feed
5.1.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.6.3. Market Opportunity Analysis
5.2. Non- Medicated Feed
5.2.1. Broilers Non-Medicated Feed
5.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Layers Non-Medicated Feed
5.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.2.3. Dairy Non-Medicated Feed
5.2.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3.3. Market Opportunity Analysis
5.2.4. Beef Non-Medicated Feed
5.2.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.4.3. Market Opportunity Analysis
5.2.5. Swine Non-Medicated Feed
5.2.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.5.3. Market Opportunity Analysis
5.2.6. Others Non-Medicated Feed
5.2.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.6.3. Market Opportunity Analysis
6. Global Animal Feed Ingredients Market Forecast, By Animal Type, 2017 – 2021 and Forecast, 2022 – 2028
6.1.  Farm Animals
6.1.1. Broilers
6.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.1.3. Market Opportunity Analysis
6.1.2. Layers
6.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.2.3. Market Opportunity Analysis
6.1.3. Dairy
6.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3.3. Market Opportunity Analysis
6.1.4. Beef
6.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.4.3. Market Opportunity Analysis
6.1.5. Swine
6.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.5.3. Market Opportunity Analysis
6.1.6. Equine
6.1.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.6.3. Market Opportunity Analysis
6.1.7. Salmon
6.1.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.7.3. Market Opportunity Analysis
6.1.8. Shrimp
6.1.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.8.3. Market Opportunity Analysis
6.1.9. Rest of Aquaculture
6.1.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.9.3. Market Opportunity Analysis
6.1.10. Others
6.1.10.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.10.3. Market Opportunity Analysis
7. Global Animal Feed Ingredients Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Latin America
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Middle East and Africa
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Asia Pacific
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Animal Feed Ingredients Market – Opportunity Analysis Index, By Feed Type, By Animal Type, and Region, 2022 – 2028
8. North America Animal Feed Ingredients Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
8.1. Feed Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.1.1. Medicated Feed
8.1.1.1. Broilers Medicated Feed
8.1.1.2. Layers Medicated Feed
8.1.1.3. Dairy Medicated Feed
8.1.1.4. Beef Medicated Feed
8.1.1.5. Swine Medicated Feed
8.1.1.6. Others Medicated Feed
8.1.2. Non- Medicated Feed
8.1.2.1. Broilers Non-Medicated Feed
8.1.2.2. Layers Non-Medicated Feed
8.1.2.3. Dairy Non-Medicated Feed
8.1.2.4. Beef Non-Medicated Feed
8.1.2.5. Swine Non-Medicated Feed
8.1.2.6. Others Non-Medicated Feed
8.2. Animal Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Farm Animals
8.2.1.1. Broilers
8.2.1.2. Layers
8.2.1.3. Dairy
8.2.1.4. Beef
8.2.1.5. Swine
8.2.1.6. Equine
8.2.2. Aquaculture
8.2.2.1. Salmon
8.2.2.2. Shrimp
8.2.2.3. Rest of Aquaculture
8.2.3. Others
8.3. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.3.1. Canada
8.3.2. U.S.
8.4. North America Animal Feed Ingredients Market – Opportunity Analysis Index, By Feed Type, Country and By Animal Type, 2022 – 2028
8.5. North America Animal Feed Ingredients Market Dynamics – Trends
9. Europe Animal Feed Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
9.1. Feed Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Medicated Feed
9.1.1.1. Broilers Medicated Feed
9.1.1.2. Layers Medicated Feed
9.1.1.3. Dairy Medicated Feed
9.1.1.4. Beef Medicated Feed
9.1.1.5. Swine Medicated Feed
9.1.1.6. Others Medicated Feed
9.1.2. Non- Medicated Feed
9.1.2.1. Broilers Non-Medicated Feed
9.1.2.2. Layers Non-Medicated Feed
9.1.2.3. Dairy Non-Medicated Feed
9.1.2.4. Beef Non-Medicated Feed
9.1.2.5. Swine Non-Medicated Feed
9.1.2.6. Others Non-Medicated Feed
9.2. Animal Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Farm Animals
9.2.1.1. Broilers
9.2.1.2. Layers
9.2.1.3. Dairy
9.2.1.4. Beef
9.2.1.5. Swine
9.2.1.6. Equine
9.2.2. Aquaculture
9.2.2.1. Salmon
9.2.2.2. Shrimp
9.2.2.3. Rest of Aquaculture
9.3. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. France
9.3.3. Italy
9.3.4. Spain
9.3.5. UK
9.3.6. Rest of Europe
9.4. Europe Animal Feed Ingredients Market – Opportunity Analysis Index, By Feed Type, Country and By Animal Type, 2022 – 2028
9.5. Europe Animal Feed Ingredients Market Dynamics – Trends
10. Middle East and Africa Animal Feed Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
10.1. Feed Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Medicated Feed
10.1.1.1. Broilers Medicated Feed
10.1.1.2. Layers Medicated Feed
10.1.1.3. Dairy Medicated Feed
10.1.1.4. Beef Medicated Feed
10.1.1.5. Swine Medicated Feed
10.1.1.6. Others Medicated Feed
10.1.2. Non- Medicated Feed
10.1.2.1. Broilers Non-Medicated Feed
10.1.2.2. Layers Non-Medicated Feed
10.1.2.3. Dairy Non-Medicated Feed
10.1.2.4. Beef Non-Medicated Feed
10.1.2.5. Swine Non-Medicated Feed
10.1.2.6. Others Non-Medicated Feed
10.2. Animal Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Farm Animals
10.2.1.1. Broilers
10.2.1.2. Layers
10.2.1.3. Dairy
10.2.1.4. Beef
10.2.1.5. Swine
10.2.1.6. Equine
10.2.2. Aquaculture
10.2.2.1. Salmon
10.2.2.2. Shrimp
10.2.2.3. Rest of Aquaculture
10.2.3. Others
10.3. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Saudi Arabia
10.3.2. South Africa
10.3.3. Egypt
10.3.4. Rest of MEA
10.4. Middle East and Africa Animal Feed Ingredients Market – Opportunity Analysis Index, By Feed Type, Country and By Animal Type, 2022 – 2028
10.5. Middle East and Africa Animal Feed Ingredients Market Dynamics – Trends
11. Latin America Animal Feed Ingredients Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
11.1. Feed Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Medicated Feed
11.1.1.1. Broilers Medicated Feed
11.1.1.2. Layers Medicated Feed
11.1.1.3. Dairy Medicated Feed
11.1.1.4. Beef Medicated Feed
11.1.1.5. Swine Medicated Feed
11.1.1.6. Others Medicated Feed
11.1.2. Non- Medicated Feed
11.1.2.1. Broilers Non-Medicated Feed
11.1.2.2. Layers Non-Medicated Feed
11.1.2.3. Dairy Non-Medicated Feed
11.1.2.4. Beef Non-Medicated Feed
11.1.2.5. Swine Non-Medicated Feed
11.1.2.6. Others Non-Medicated Feed
11.2. Animal Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Farm Animals
11.2.1.1. Broilers
11.2.1.2. Layers
11.2.1.3. Dairy
11.2.1.4. Beef
11.2.1.5. Swine
11.2.1.6. Equine
11.2.2. Aquaculture
11.2.2.1. Salmon
11.2.2.2. Shrimp
11.2.2.3. Rest of Aquaculture
11.2.3. Others
11.3. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Chile
11.3.3. Mexico
11.3.4. Rest of Latin America
11.4. Latin America Animal Feed Ingredients Market – Opportunity Analysis Index, By Feed Type, Country and By Animal Type, 2022 – 2028
11.5. Latin America Animal Feed Ingredients Market Dynamics – Trends
12. Asia Pacific Animal Feed Ingredients Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
12.1. Feed Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Medicated Feed
12.1.1.1. Broilers Medicated Feed
12.1.1.2. Layers Medicated Feed
12.1.1.3. Dairy Medicated Feed
12.1.1.4. Beef Medicated Feed
12.1.1.5. Swine Medicated Feed
12.1.1.6. Others Medicated Feed
12.1.2. Non- Medicated Feed
12.1.2.1. Broilers Non-Medicated Feed
12.1.2.2. Layers Non-Medicated Feed
12.1.2.3. Dairy Non-Medicated Feed
12.1.2.4. Beef Non-Medicated Feed
12.1.2.5. Swine Non-Medicated Feed
12.1.2.6. Others Non-Medicated Feed
12.2. Animal Type Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Farm Animals
12.2.1.1. Broilers
12.2.1.2. Layers
12.2.1.3. Dairy
12.2.1.4. Beef
12.2.1.5. Swine
12.2.1.6. Equine
12.2.2. Aquaculture
12.2.2.1. Salmon
12.2.2.2. Shrimp
12.2.2.3. Rest of Aquaculture
12.2.3. Others
12.3. Country Analysis (2017 – 2021) and Forecast (2022 – 2028) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. China
12.3.2. India
12.3.3. Thailand
12.3.4. Indonesia
12.3.5. Rest of Asia Pacific
12.4. Asia Pacific Animal Feed Ingredients Market – Opportunity Analysis Index, By Feed Type, Country and By Animal Type, 2022 – 2028
12.5. Asia Pacific Animal Feed Ingredients Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Gum & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Biomin
13.2.2. Cargill
13.2.3. Nutreco
13.2.4. Evonik Industries
13.2.5. BASF SE
13.2.6. Novus International
13.2.7. EW Nutrition
13.2.8. DSM
14. Research Methodology
15. Key Assumptions and Acronyms
Report

Company Profile

  • Archer Daniels Midland Co.
  • Cargill Inc.
  • Evonik Industries AG
  • ForFarmers NV
  • Land O’Lakes, Inc.
  • Guangdong Haid Group Co. Ltd
  • New Hope Group Co. Ltd
  • Nutreco NV
  • Perdue Farms, Inc.
  • Charoen Pokphand Foods Plc

Description

Animal Feed Market size was valued at USD 481.6 billion in 2021 and is poised to grow at a significant CAGR of 3.5% over 2022–2028. In recent years, the global demand for meat and dairy products has propelled the animal feed market. Consumer preferences are changing, and meat consumption is increasing, pushing up demand for animal feed on a global scale. According to the United Nations’ Food and Agriculture Organization (FAO), food demand will rise by 61% by 2050. Animal protein production is expected to increase by 1.6% per year between 2010 and 2050, with meat production expected to increase by nearly 72%, aquaculture by 91%, and dairy by 54%. During the projected period, rapid urbanization and rising consumption of meat and other end products such as milk and eggs will drive the animal feed market growth. By combining enriched nutrients with the feedstuff, the feed aids in improving the animal’s capacities, accelerating development and weight increase, and developing immunity. Disease outbreaks in animals are a significant reason driving animal feed, which improves animal health and aids in the proper regulation of the food chain. High growth in the animal feed market is assisted by key companies’ expansion and investment strategies, which also aid in the enhancement of product portfolios and reaching out to new target areas. For instance, in November 2019, Cargill announced the opening of a US$34 million expansion of its Animal Nutrition & Health facility in Temple to meet the needs of feed store operators and local beef feed customers.

Recent Market Developments:

In November 2019, Purina Animal Nutrition LLC announced the launch of its new Purina Omolene range for horses on gastric support.

In September 2019, Alltech struck a strategic relationship with Archbold Biological Station’s Buck Island Ranch to improve the quality and quantity of beef. Various tactics were applied in this, with the most important being the optimal feed usage.

 

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