Animal Feed Market

Animal Feed Market by Animal (Cattle, Pork and Meat), By Form (Solid and Liquid) By Ingredient (Feed, Cereals, Meals and Cakes): Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, and Forecast 2023-2032.

Food & Beverages | October 2023 | Report ID: EMR00235 | Pages: 217

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 corn, 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.

 

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.

 

 

Animal Feed Market Report Segmentation

Report Attribute

Details

Estimated Market Value (2022)

642.67 Bn

Projected Market Value (2032)

972.56 Bn

Base Year

2022

Forecast Years

2023 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Animal Type, By Form Type, By Ingredient & By Region.

Segments Covered

By Animal Type, By Form, By Ingredient & By Region type.

Forecast Units

Value (USD Billion), and Volume (Tons)

Quantitative Units

Revenue in USD billion and CAGR from 2023 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments & region and company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

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

 

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.  

 

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.

 

Animal Feed Market Report Segmentation:

ATTRIBUTE

DETAILS

By Animal

  • The Cattle
  •  Pork
  •  Meat

By Form

  • Solid
  • Liquid

By Ingredient

  • Feed
  • Cereals
  • Meals
  • Cakes

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Key Benefits of the Report

  • This study presents an analytical depiction of the Animal Feed industry along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to market key drivers, opportunities and challenges along with detailed analysis of the Animal Feed Market share.
  • The current market is quantitatively analyzed to highlight the Animal Feed Market's growth scenario.
  • Porter's five forces research demonstrates the market power of suppliers and buyers.
  • The report provides a detailed Animal Feed market analysis based on competitive intensity and how the competition will take shape in the coming years.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Animal Feed market in 2022 was valued at USD 642.67 billion and is predicted to reach roughly USD 972.56 billion in 2032.
Asia-Pacific is expected to hold the most of the Animal Feed market.
Poultry has the biggest market share.