DUBLIN--(BUSINESS WIRE)--The "Australia Animal Feed Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering.
Australia animal feed market is expected to grow at a CAGR of 3.05% over the forecast period to reach a market size of US$4.992 billion in 2024 from US$4.169 billion in 2018.
Increasing poultry meat production is expected to be one of the prime drivers for the growth of the market during the forecast period. According to Australian Bureau of Agricultural and Resource Economics, chicken meat production in Australia has increased from 834409 thousand tonnes in 2009 to 1238000 thousand tonnes in 2017. In addition, growing number of slaughter houses in the country and increasing health awareness is further expected to propel the market growth opportunities in the coming years.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies.
Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence.
Major industry players profiled as part of the report are
- Archer Daniels Midland Company
- Cargill, Incorporated
- Kemin Industries, Inc.
- Biomin (Australia) Pty Ltd
- Customvac Australia
- Elanco Australasia
- Feedworks Pty Ltd
For more information about this report visit https://www.researchandmarkets.com/r/mmixlo