The diseases such as Infectious Bursal Disease (Gumboro Disease) in poultry animals is a highly contagious viral disease that affects young chickens. The disease can lead to immunosuppression, making the birds more susceptible to other infections, Rift Valley Fever (RVF) is a viral disease that primarily affects animals such as cattle, sheep, goats, and camels. It can cause abortion, high mortality rates, and a range of clinical symptoms. These diseases can lead to an outbreak and have significant economic consequences due to livestock losses and trade restrictions. These diseases can be cured and suppressed by the use of quality feed and food products for animals.
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Data Bridge Market Research analyzes that the Global Animal Feed Market is expected to grow at a CAGR of 6.6% in the forecast period of 2023 to 2030 and is expected to reach USD 285,609.24 million by 2030. The protein meals segment is projected to propel the market growth due to the increasing need for nutritious and healthy quality food for animals.
Key Findings of the Study
Modernization and Growth of Aquaculture & Livestock Feed Sectors
The modernization and growth of the aquaculture and livestock feed sectors play a crucial role in driving market growth. The demand for animal protein is steadily increasing, leading to a surge in aquaculture and livestock production as the global population continues to grow. These industries heavily rely on nutritious and efficient animal feed to optimize productivity and meet the escalating demands. Advancements in technology have also played a pivotal role in boosting the aquaculture and livestock feed sectors, thereby driving market growth. Modern feed formulation techniques now take into account the specific nutritional requirements of different species, ensuring optimal growth, reproductive performance, and overall health. These advancements have led to the production of specialized feeds that cater to the diverse needs of various animals, further fueling demand in the market. In addition, the modernization of aquaculture and livestock feed production methods has enabled greater efficiency in converting feed into animal biomass. Improved feed conversion ratios translate to reduced feed wastage and better resource utilization, making these industries more economically viable and attractive to farmers and feed manufacturers.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in Million, and Pricing in USD
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Segments Covered
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Product (Cereal Grains, Protein Meals, Milk Replacer, Feed Additives, and Others), Animal Type (Ruminants, Swine, Poultry, Aquaculture, Pets, Equine, and Others), Mode of Delivery ( Premixes, Oral Powder, and Oral Solutions), Form (Liquid, Dry, Frozen, Pellet, Crumbles, and Mash), Source (Animal-Based and Plant-Based), Nature (Organic and Conventional), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Breeder Feed), End Use, (Feed Manufacturers, Contract Manufacturers, Livestock Producers, and Others), Distribution Channel (Indirect and Direct)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Norway, Denmark, Sweden, Finland, Poland, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Taiwan, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, rest of Middle East and Africa
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Market Players Covered
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Cargill, Incorporated. (U.S.), ADM (U.S.), Charoen Pokphand Foods PCL. (Thailand), BASF SE (Germany), De Heus Animal Nutrition (Vietnam), JAPFA LTD (India), Yara (Norway), Evonik Industries AG (Germany), DSM (Netherlands), Phibro Animal Health Corporation. (U.S.), NOVUS INTERNATIONAL, INC. (U.S.), Purina Animal Nutrition LLC (U.S.), Kemin Industries, Inc. (U.S.), Weston Stockfeed New Zealand (New Zealand), Kent Nutrition Group. (U.S.), Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany), Perstorp (Sweden), Alltech. (France), nutrex.eu (Belgium), Henraajh Feeds India Pvt. Ltd. (India), Vetsfarma Ltd. (India), and Nutreco (Netherlands) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The global Animal feed market is segmented based on product, animal type, mode of delivery, form, source, nature, lifecycle, end use, and distribution channel.
- On the basis of product, the market is segmented into cereal grains, protein meals, milk replacer, Feed Additives, and others.
In 2023, the protein meals segment of the product type segment is expected to dominate the market
In 2023, the protein meals segment is expected to dominate the market with a share of 35.36%due to the rising burden of cancer and trauma incidences. This segment is expected to reach the highest CAGR of 7.7% in the forecast period of 2023 to 2030.
- On the basis of animal type, the market is segmented into ruminants, swine, poultry, aquaculture, pets, equine, and others.
In 2023, the ruminants segment of the animal type segment is expected to dominate the market
In 2023, the ruminants segment is expected to dominate the market with a market share of 27.34% due to a rise in product and feed with added antibiotic and nutritional values
- On the basis of mode of delivery, the market is segmented into oral powders, oral solutions, and premixes. In 2023, the oral powders segment is expected to dominate the market with a market share of 53.25% due to the adoption of new technologies and easy accessibility of quality products for animals
- On the basis of form, the market is segmented into liquid, dry, frozen, pellet, crumbles, and mash. In 2023, the dry segment is expected to dominate the market with a market share of 30.81% due to better storage and stability of feed for animals
- On the basis of source, the market is segmented into animal-based and plant-based. In 2023, the plant-based segment is expected to dominate the market with a market share of 64.07% due to increasing demand for organic and plant-based products
- On the basis of nature, the market is segmented into organic and conventional. In 2023, the conventional segment is expected to dominate the market with a market share of 65.79% due to the better economic methods for the production of quality feed
- On the basis of life cycle, the market is segmented into grower feed, finisher feed, starter feed, and breeder feed. In 2023, the grower feed segment is expected to dominate the market with a market share of 39.91% due to the increasing population of domesticated animal
- On the basis of end use, the market is segmented into feed manufacturers, contract manufacturers, livestock producers, and others. In 2023, the feed manufacturers segment is expected to dominate the market with a market share of 40.60% due to a rise in demand for quality and nutritious feed for animals
- On the basis of distribution channel, the market is segmented into indirect and direct. In 2023, the direct segment is expected to dominate the market with a market share of 66.27% due to enabling large-scale product sales to increase the efficiency of end-user business growth by alerting and working on the most suitable contract opportunities
Major Players
Data Bridge Market Research recognizes the following companies as the major animal feed market players in the global Animal feed market that include Cargill, Incorporated. (U.S.), ADM (U.S.), Charoen Pokphand Foods PCL. (Thailand), BASF SE (Germany), De Heus Animal Nutrition (Vietnam), JAPFA LTD (India), Yara (Norway), Evonik Industries AG (Germany), DSM (Netherlands), Phibro Animal Health Corporation. (U.S.), NOVUS INTERNATIONAL, INC. (U.S.), Purina Animal Nutrition LLC (U.S.), Kemin Industries, Inc. (U.S.), Weston Stockfeed New Zealand (New Zealand), Kent Nutrition Group. (U.S.), Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany), Perstorp (Sweden), Alltech. (France), nutrex.eu (Belgium), Henraajh Feeds India Pvt. Ltd. (India), Vetsfarma Ltd. (India), and Nutreco (Netherlands) among others.
Market Development
- In November 2023, Alltech, a global leader in the agriculture industry for more than 40 years, is proud to introduce Egalis, a new range of high-quality silage inoculants that maximize nutrient quality, increase forage stability and reduce dry matter loss to help maintain optimal animal performance. This helps the organization in developing more revenue
- In May 2023, Cargill, Incorporated announced that it expands its retail feed operation with plans for a new facility in Washington state to service the region’s customers. This helps the organization in developing more revenue
- In January 2023, Novus International, Inc., announced its acquisition of biotech company Agrivida Inc. Through the purchase, Novus takes ownership of the proprietary INTERIUS™ technology Agrivida developed to embed feed additives inside grain. This helps the organization in developing more revenue
- In January 2023, Evonik announced the launch updated Biolys product for animal feeds. This development helps the organization in developing more revenue
- In January 2022, the ADM opened its aquaculture innovation laboratory in Decatur, Illinois. This laboratory extends ADM’s international research and development capabilities to a new region, building on existing aquaculture research facilities located in Brazil, Mexico, and Vietnam
Regional Analysis
Geographically, the countries covered in the global animal feed market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Norway, Denmark, Sweden, Finland, Poland, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Taiwan, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global Animal feed market during the forecast period of 2023 to 2030
In 2023, Asia-Pacific is expected to dominate the market owing to the higher level of investments by manufacturers and the increasing demand for better quality food for animals in China. Asia-Pacific will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology to produce good quality feed and the launch of new products in this region. Additionally, the increasing number of cases of infectious diseases and rare diseases in animals is expected to further enhance the market growth rate in this region.
For more detailed information about the global animal feed market report, click here – https://www.databridgemarketresearch.com/reports/global-animal-feed-market
