Technavio analyzes that the Game Feed Market is expected to grow at a CAGR of 4.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11713.7 million.There are various factors that contribute to the growth of the market. The interest in animal sports is experiencing a significant surge in popularity. These events showcase the extraordinary abilities and bonds between humans and animals, providing entertainment and education for audiences. From equestrian competitions to dog shows, these activities highlight the dedication and training required to excel in this unique domain. The growing appreciation for animal sports underscores the importance of ethical treatment and humane practices in their organization.
Game feed is an essential component of the diet for various game animals, available in forms such as pellets, crumbs, dry mix, and liquids. These feeds are meticulously formulated by game nutritionists through extensive research, ensuring optimum levels of proteins, nutrients, minerals, and vitamins for specific animal species. Protein, both degradable and bypass, plays a crucial role in horn growth for animals like white rhinos, buffalos, and antelopes. Commercial game feeds incorporate high-quality protein sources, such as soybean and alfalfa meal, to promote muscle tone and a strong topline in high-performance horses. These equines require excessive protein due to their high energy demands. Vendors like ALZU Feeds offer specialized game pellets tailored for African herbivores, while online and specialty stores provide a wide range of game feed options to cater to diverse animal requirements.
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Game Feed Market Segmentation
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The Game Feed Market caters to the nutritional needs of various game animals, including Deer, Pheasants, Ducks, and Turkeys, for optimal growth and health during Game Hunting and Wildlife Tourism. Specialized Game Feeds are formulated using advanced Feed Formulation Technologies, comprising Pellets and Powders, to provide essential Proteins, Minerals, Vitamins, and Energy ingredients for Ruminants, Poultry, Swine, and Horses. Wildlife Management and Conservation are crucial considerations in the development of these feeds, ensuring sustainable practices and maintaining ecological balance.
The Game Feed Market encompasses businesses engaged in processing and packaging game animals for consumption, aligning with the global Packaged Foods and Meats Market. This sector focuses on enhancing food safety and shelf life through advanced processing techniques. According to Technavio, market size is determined by the consolidated revenue of participating vendors. Exclusions include providers of food processing equipment and packaged beverages, including alcoholic and non-alcoholic varieties. Factors fueling the growth of the Game Feed Market include the health benefits linked to the consumption of minimally processed game meats, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Additionally, wildlife conservation and management initiatives contribute to the market's expansion, ensuring a sustainable supply of game animals.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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