Animal Feed Market
Animal Feed Market
Global Animal Feed Market Overview
The projected growth of the Animal Feed Market indicates a rise to USD 7,80,426.7 million by 2030, with a compound annual growth rate (CAGR) of 4.75% expected during the forecast period from 2022 to 2030. Major market drivers boosting the demand for animal feed include the increasing demand for meat and animal-based products, along with a rise in livestock production. Additionally, the growing health consciousness among consumers has led to a surge in the popularity of dairy and meat products as sources of various nutrients, thereby positively impacting the demand for animal feed.
Key Companies in the animal feed market include
- Neovia Group (France)
- Archer Daniels Midland (ADM) Company (U.S.)
- COFCO Limited (Hong Kong)
- New Hope Group (China)
- ForFarmers N.V. (The Netherlands)
- Charoen Pokphand Group (Thailand)
- Cargill Inc. (U.S.)
- Japfa Comfeed Indonesia Tbk (Indonesia)
- NUTRECO N.V. (The Netherlands)
- Land 'O Lakes Inc. (U.S.), among others
Animal Feed Industry Developments
July 2020: Kemin Industries unveiled architectural renderings of its forthcoming quality control laboratory at its Des Moines, Iowa headquarters, aimed at enhancing its capabilities in innovation and research.
March 2020: Alltech announced a partnership with aqua feed nutrition company Corey Nutrition to bolster its portfolio of feed products tailored for fish farmers across North America.
December 2021: BASF introduced Natupulse TS, an enzyme specifically designed for animal feed, which targets non-starch polysaccharides (NSPs). This endo-1,4-ß-D-mannanase (MOS) breaks down ß-mannans into smaller components like manno-oligosaccharides. Its inclusion in feed reduces viscosity, enhances digestibility, and promotes sustainability.
Animal Feed Market Segmentation
Animal Feed Form Outlook
- Pellets
- Crumbles
Animal Feed Species Outlook
- Poultry
- Aqua
Animal Feed Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Regions and Country
North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherlands
- Turkey
- Switzerland
- Belgium
- Rest of Europe
Asia-Pacific
- South Korea
- Japan
- China
- India
- Australia
- Philippines
- Singapore
- Malaysia
- Thailand
- Indonesia
- Rest of APAC
Latin America
- Mexico
- Colombia
- Brazil
- Argentina
- Peru
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
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