PUBLISHER: TechNavio | PRODUCT CODE: 1491489
PUBLISHER: TechNavio | PRODUCT CODE: 1491489
The animal feed market is forecasted to grow by USD 134.4 bn during 2023-2028, accelerating at a CAGR of 4.75% during the forecast period. The report on the animal feed market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments and expansion of production capabilities, new product launches, and a growing number of strategic partnerships and acquisitions.
Technavio's animal feed market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.45% |
CAGR | 4.75% |
Incremental Value | $134.4bn |
ByType
ByProduct
ByGeography
This study identifies the rise in global meat consumption as one of the prime reasons driving the animal feed market growth during the next few years. Also, growth in aquaculture and adoption of advanced technologies in animal feed production will lead to sizable demand in the market.
The report on the animal feed market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal feed market vendors that include Adisseo Co., Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Biochem additives and product mbH, BRF, Cargill Inc., Charoen Pokphand Foods PCL, Chr Hansen Holding AS, Corbion NV, Evonik Industries AG, International Flavors and Fragrances Inc., Jefo, Kemin Industries Inc., Kent Nutrition Group Inc., Land O Lakes Inc., New Hope Group Co. Ltd., Trouw Nutrition, and Tyson Foods Inc.. Also, the animal feed market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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