Global Animal Feed Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global animal feed market reached a value of US$ 482.1 billion in 2021. Looking forward, the market is projected to reach US$ 589.4 billion by 2027, exhibiting a CAGR of 3.5% during 2022-2027.

Companies Mentioned

• 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

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Animal feed refers to the food products grown and manufactured for the consumption of ruminants, poultry, swine, aquatic animals, etc. It is produced through blending products with high nutritional content such as silage, hay, straw, oils, sprouted grains and legumes. It is rich in proteins, fibers, carbohydrates, minerals, enzymes, acidifiers, antibiotics, and antioxidants, which further enriches the animal produce, including milk, eggs and meat. The feed also acts as a source of energy to sustain life processes and support muscular activity in the animals.

The rising demand for meat and animal-based products and the consequent increase in commercial livestock production are the key factors driving the growth of the market. Owing to the growing health-consciousness among consumers, there is a burgeoning demand for dairy and meat products as a source of various nutrients, which is positively impacting the need for animal feed.

Furthermore, increasing awareness regarding the health benefits of algae-based ingredients in animal feed is another major factor driving the growth of the market. Microalgae plays a crucial role in enriching animal feed with nutrients for the early developmental stages of the livestock. It also ensures the production of premium quality eggs, milk and meat while boosting physical growth.

Additionally, vendors are incorporating non-Genetically Modified Organisms (non-GMO) crops in animal feed to meet the consumers' demand for all-natural food sources. Other factors, including rising expenditure capacity of consumers, extensive research and development (R&D) and the implementation of favorable government policies promoting the use of quality animal feed, are expected to drive the market further.

Key Questions Answered in This Report

1. What was the size of the global animal feed market in 2021?

2. What is the expected growth rate of the global animal feed market during 2022-2027?

3. What are the key factors driving the global animal feed market?

4. What has been the impact of COVID-19 on the global animal feed market?

5. What is the breakup of the global animal feed market based on the form?

6. What is the breakup of the global animal feed market based on the animal type?

7. What is the breakup of the global animal feed market based on the ingredient?

8. What are the key regions in the global animal feed market?

9. Who are the key players/companies in the global animal feed market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Animal Feed Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Form

7 Market Breakup by Animal Type

8 Market Breakup by Ingredient

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/6kqdl3