June 8, 2024

Animal Feed Market Size To Rake USD 649.63 Bn By 2032

The animal feed market size is poised to grow by USD 649.63 billion by 2032 from USD 432.6 billion in 2022, exhibiting a CAGR of 4.2% during the forecast period 2023-2032. 

Animal Feed Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 36% of revenue share in 2022.
  • Asia-Pacific region is estimated to expand the fastest CAGR between 2023 and 2032.
  • By Additives, the amino acid segment has held the largest market share of 59% in 2022.
  • By Additives, the antibiotics segment is anticipated to grow at a remarkable CAGR of 7.1% between 2023 and 2032.
  • By Animal Type, the poultry segment generated over 42% of revenue share in 2022.
  • By Animal Type, the pet segment is expected to expand at the fastest CAGR over the projected period.
  • By Mode of Delivery, the premixes segment had the largest market share of 53.2% in 2022.
  • By Mode of Delivery, the oral powder segment is expected to expand at the fastest CAGR over the projected period.
  • By End User, the feed manufacturers segment generated over 35.8% of revenue share in 2022.
  • By End User, the contract manufacturers is expected to expand at the fastest CAGR over the projected period.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Animal feed market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Animal feed Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

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Animal Feed Market Scope

Report Coverage Details
Market Size in 2023 USD 448.61 Billion
Market Size by 2032 USD 649.63 Billion
Growth Rate from 2023 to 2032 CAGR of 4.20%
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Additives, By Animal Type, By Mode of Delivery, and By End User
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Isopropyl Alcohol Market Size To Gain USD 4.95 Bn by 2032

The empirical study on the global Animal feed market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Animal feed Market. Our market report for the Animal feed market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

Animal Feed Market Players

  • Cargill, Inc.
  • Archer Daniels Midland Company (ADM)
  • Charoen Pokphand Group (CP Group)
  • Nutreco N.V.
  • New Hope Group
  • Land O’Lakes, Inc.
  • ForFarmers N.V.
  • Alltech, Inc.
  • Wen’s Food Group
  • J.D. Heiskell & Co.
  • Dabaco Group
  • De Heus Animal Nutrition
  • Ridley Corporation Limited
  • Kemin Industries, Inc.
  • Biomin Holding GmbH

Data Sources and Methodology

To gather comprehensive insights on the Global Animal feed Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Animal feed Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Animal feed market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Additives

  • Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acid
  • Feed Enzymes
  • Feed Acidifiers
  • Others

By Animal Type

  • Poultry
  • Cattle
  • Swine
  • Pet
  • Others

By Mode of Delivery

  • Premixes
  • Oral Powder
  • Oral Solutions

By End User

  • Feed Manufacturers
  • Contract Manufacturers
  • Livestock Producers
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Animal feed market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Animal feed market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Animal feed market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Animal feed market but also the strategic plans of industry leaders.

Table of Content

By Additives

  • Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acid
  • Feed Enzymes
  • Feed Acidifiers
  • Others

By Animal Type

  • Poultry
  • Cattle
  • Swine
  • Pet
  • Others

By Mode of Delivery

  • Premixes
  • Oral Powder
  • Oral Solutions

By End User

  • Feed Manufacturers
  • Contract Manufacturers
  • Livestock Producers
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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