Animal Feed Market was valued at USD 455 Billion in 2022 and is projected to reach USD 650 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global animal feed market was valued at approximately USD 500 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.5% from 2022 to 2027. This growth trajectory reflects increasing demand for high-quality livestock and poultry products, driven by rising global populations and changing dietary preferences. Key factors contributing to this growth include advancements in feed formulations and the expansion of livestock farming in emerging economies. By 2027, the market is anticipated to reach around USD 620 billion, highlighting a robust and expanding industry.
Emerging markets, particularly in Asia-Pacific and Latin America, are expected to present significant opportunities due to their rapid industrialization and increased focus on modernizing agricultural practices. Additionally, the rising trend of feed efficiency and sustainable practices is likely to drive innovation and investment in the sector. As countries in these regions adopt advanced feed technologies and improve their infrastructure, they will play a crucial role in shaping the future dynamics of the global animal feed market.
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Archer Daniels Midland
BASF
Charoen Pokphand Foods
Cargill
DuPont
Land OLakes
Royal DSM
Nutreco N.V.
Country Bird Holdings
Alltech Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Animal Feed Market
Poultry
Swine
Ruminant
Aquaculture
Based on Types the Market is categorized into Below types that held the largest Animal Feed market share In 2023.
Compound Feed
Fodder
Forage
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Animal Feed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Animal Feed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Animal Feed Market, By Type
6. Global Animal Feed Market, By Application
7. Global Animal Feed Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Animal Feed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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