Authored By: Sarah
16 Feb 2024

Charting Growth: Animal Feed Market's USD 146.56 Billion Growth 

The Animal Feed Market is witnessing global growth, driven by increasing investments and expanding production capabilities. Market players, amidst fragmentation, are deploying strategic approaches to enhance competitiveness and tap into the evolving landscape of opportunities. The market is poised to make a substantial leap, with an anticipated incremental growth of USD 146.56 billion, riding on a robust CAGR of 5.34% throughout the forecast period.

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Segmentation Analysis of the Animal Feed Market

  • Diving into segmented territories, including poultry, swine, ruminant, aquaculture, and others, across global regions such as APAC, Europe, North America, South America, and the Middle East and Africa, the poultry segment emerges as a key player in the upcoming growth saga.
  • APAC commands the spotlight, driving 47% of overall market growth with a surge in beef, veal, and chicken meat production; within APAC, China and India play a crucial role in shaping the trajectory of the animal feed market.

Charting the Course in Global Meat Consumption

In the evolving landscape of global meat consumption, challenges arise with the high price of non-GMO animal feed. Key players, including ADDCON GmbH and Cargill Inc., influence the market. Success hinges on strategic navigation in fast-growing segments and differentiation for sustained market leadership.

Elevating their market standing, market players strategically deploy a spectrum of initiatives, from alliances, partnerships, mergers, and acquisitions, to geographic expansion and product launches.

Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., BRF SA, Cargill Inc., Charoen Pokphand Foods PCL, Chr Hansen Holding AS, Corbion nv, Evonik Industries AG, International Flavors and Fragrances Inc., Jefo, and Kemin Industries Inc. and more are some of the prominent names in the market landscape.

Therefore it can be concluded, that the future trajectory of the Animal Feed Market holds immense promise from a business perspective, driven by escalating investments, expanding production capabilities, and the upward trend in global meat consumption.  Download the Animal Feed Market Sample Report Now

What are the key data covered in the Animal Feed Market report? 

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the animal feed market forecast during 2023-2027. 

  • Market-level data on units, average selling prices, and values of the animal feed market share. 

  • Prediction on the upcoming trends, drivers, and factors that challenge the growth of the animal feed market. 

  • Animal feed industry growth across APAC, Europe, North America, South America, and the Middle East and Africa.

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