Animal Feed Market

Animal Feed Market in 2022 was valued at USD 642.67 billion and is predicted to reach roughly USD 972.56 billion in 2032, rising at a CAGR of 5.28% between 2023 and 2032.

Animal feed products are ,responsible for improving animal health. Depending on the species, their feed doses are provided to them. The feed improves the animal',s capacities by providing more nutrients with the meal, stimulating quick growth and weight gain, and boosting immunity. Animal feed is a type of food that is created and designed for use by a range of species, including poultry, grazing animals, pigs, and aquatic animals. It is made by combining high-nutrient resources like as hay, silage, straw, germinated grains, oils, and legumes.

Market Growth Factors:

• Rising demand for animal-derived products:

Growing global population, urbanization, and shifting dietary tastes have resulted in increased demand for animal-based products such as meat, milk, and eggs. This growing demand needs higher production levels, which boosts animal feed demand.\

• Growing livestock production:

To fulfil rising protein demands, livestock production, including poultry, swine, cattle, and aquaculture, is expanding globally. Animal feed is an important input in livestock husbandry because it supplies critical nutrients for growth, health, and reproduction. Increased livestock production directly drives demand for animal feed.

Market Opportunities:

Due to growing knowledge of the benefits of proteins for animal health, protein feeds such as animal-based meals, fish meals, bone meals, bird meals, blood meals, and other protein meals and feeds are in high demand. Due to the significance of livestock and farm animals in the worldwide food supply chain, the demand for nutrient- and protein-rich animal feeds is anticipated to increase throughout the course of the forecast period. The total animal feed market is expected to be driven by the rising need for protein-rich animal feeds to promote animal growth at all stages of life.

Market Challenges:

Rising raw material prices around the world, as well as severe regulatory regulations in industrialized nations, have a significant impact on the compound feed market',s growth. The nutritional value and cost of feed raw materials influence the type and quantity of feed raw material used in animal feed. Weather changes have a significant impact on the production, nutrient content, and price of plant-based raw materials such as co , soybeans, and others. Prices for animal waste meals fluctuate in sync with changes in animal and animal product output and consumption

Segments Analysis:

• Animal Type:

Cattle, Pork, Meat, Aquaculture, and other animals make up the market',s animal-type-based segments. Due to the significant demand for pig meat in the United States, Mexico, China, and various other South East Asian nations, the swine segment held the majority share during the forecast period.

With a strong demand for chicken and eggs as a cheap source of protein, the poultry segment is anticipated to develop at the greatest CAGR. This is a result of the rising production of poultry products like chicken and turkey. In addition to supporting the expansion of the poultry industry, the demand for white meat is rising on a global scale.

• By Form:

The market is divided into solid and liquid categories based on shape. Farmers that raise livestock frequently prefer feed ingredients in solid form since they are simple for animals to digest. Pellets, powder, and granules are the three kinds of solid feed that are offered. Additionally, solid feed is simple to transport and store, which is why the majority of feed manufacturers offer feed in solid form. Although little is consumed in liquid form, its adoption is probably going to stay steady in the years to come.

• By Ingredient:

The market is segmented into feed, cereals, cakes &, meals, byproducts from animals, and other categories based on ingredient. Feed grains are consumed in greater quantity than other foods due their extensive availability and exceptional nutritional composition. The three main sources of feed cereals are maize, wheat, and rice in both developed and developing nations. Oats, sorghum, millet, and barley are some other feed grains that livestock eat.

Animal Feed Market Report Segmentation

Regional Analysis:

Asia Pacific has the biggest market share and is predicted to continue to be the top consumer of feed in the coming years. The region',s supremacy is attributed to great livestock output and meat consumption as a result of high revenues. The combination of high income, a rapidly rising economy, and strong demand for meat, fish, and dairy products has resulted in tremendous growth in consumption of these goods. The quick increase in feed demand is being addressed by increasing local meat and dairy output, resulting in a rapid increase in consumption.

In terms of compound feed market share, North America and Europe are likely to trail Asia Pacific. The United States of America (U.S.) is the largest feed market with high demand from poultry and cattle.

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Regulatory Landscape

Various regulations and standards control the regulatory environment of the animal feed market, with the goal of ensuring the safety, quality, and correct labelling of feed products. Regulatory authorities such as the Food and Drug Administration (FDA) in the United States and the European Food Safety Authority (EFSA) in Europe enforce restrictions on feed ingredients, production procedures, and labelling standards. In the European Union, for example, Regulation (EC) No 183/2005 establishes guidelines for the authorization, marketing, and usage of feed additives. Before introducing new feed additives to the market, companies must go through extensive testing and approval processes to ensure customer safety and product quality criteria are satisfied.

Competitive Landscape:

The competitive landscape of the animal feed industry is active and complex, with various global and regional competitors present. Cargill, ADM, Nutreco, and DSM have established significant market positions and large distribution networks. These market leaders provide a diverse range of animal feed products, such as additives, premixes, and specialized components. There are also some niche players who focus on specific segments or locations and offer customized feed solutions. Companies compete in the market on criteria such as product innovation, quality, pricing, and customer service. Mergers, acquisitions, and collaborations are frequent business tactics used to increase market presence and obtain a competitive advantage.

Key Market Players:

• Adisseo
• Ajinomoto Co., Inc.
• ADM
• BASF SE
• BIOMIN Holding GmbH
• Cargill, Incorporated
• Chr. Hansen Holding A/S
• DuPont
• DSM
• Elanco
• Evonik Industries AG
• Kemin Industries, Inc.
• Novozymes
• NOVUS INTERNATIONAL, INC.
• Nutreco
• Amco Protiens
• Prinova Group LLC

Recent Developments:

• December 2021: BASF has introduced the novel enzyme Natupulse®, TS for animal feed. Natupulse®, TS is an NSP enzyme (non-starch polysaccharide). It hydrolyzes ß,-mannans into smaller components, such as manno-oligosaccharides (MOS), as an endo-1,4-ß,-D-mannanase. The inclusion of ß,-mannanase to feed reduces digesta viscosity, improves digestibility, and provides more sustainable production.  ,

Animal Feed Market Report Segmentation:

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