Animal Feed Market by Animal Type and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40063
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The animal feed market size has the potential to grow by USD 110.29 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.42%. 

This report provides a detailed analysis of the market by animal type (poultry, swine, ruminant, aquaculture, and others), geography (APAC, Europe, North America, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Archer Daniels Midland Co.
  • Cargill Inc.
  • Charoen Pokphand Foods Plc
  • Evonik Industries AG
  • ForFarmers NV
  • Guangdong Haid Group Co. Ltd.
  • Land O Lakes Inc.
  • New Hope Group Co. Ltd.
  • Nutreco NV
  • Perdue Farms Inc.

 

The animal feed market is fragmented and the vendors are deploying growth strategies such as product launches and marketing initiatives to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increasing number of product launches to achieve growth opportunities. However, factors such as the development of clean meat products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the animal feed market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This animal feed market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Animal Feed Market: Key Drivers and Trends

  • The increasing number of product launches will be one of the significant factors driving the growth of the animal feed market size in the coming years.
  • The animal feed market is witnessing a growing number of product launches.
  • MilkLane launched two variants of animal feed, namely Aayush Max and Aayush Rich, containing proteins and minerals, which will improve animal health and increasing milk yield.
  • Nutreco also launched two fish feed products suitable for tilapia under the brand Skretting.
  • The successful launch of such new products will help market vendors in increasing their revenue flow and market share and consequently drive the growth of the animal feed market during the forecast period.
  • The adoption of new technologies has been identified as one of the critical animal feed market trends contributing to market growth.
  • Market vendors are focusing on the development of sustainable technologies for producing animal feed.
  • A few vendors are also making significant investments in new technologies to increase their production capabilities.
  • A few vendors are investing in the development of new products that optimize nutritional absorption and digestibility in animals.
  • The development and adoption of such new technologies are expected to fuel the growth of the animal feed market throughout the next five years.

 

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Animal Feed Market: Segmentation by Geography

Animal-Feed-Market-Market-Share-by-Region-2020-2025

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39% of the market’s growth will originate from APAC during the forecast period. China is a key market for animal feed in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing production of beef, veal, and chicken meat will facilitate the animal feed market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Animal Feed Market: Segmentation by Animal Type

Animal-Feed-Market-Market-Share-by-Animal Type-2020-2025

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The increasing consumption of poultry meat will drive the demand for poultry feed products during the forecast period. To meet the rising demand for poultry meat, market vendors are increasing poultry production. The introduction of new products by market vendors will also drive the growth of the poultry feed segment during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the animal feed market size.

 

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Animal Feed Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive animal feed market growth during the next five years
  • Precise estimation of the animal feed market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the animal feed industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of animal feed market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The animal feed market growth will increase by $110.29 billion during 2020-2025.
The animal feed market is expected to grow at a CAGR of 4.42% during 2020-2025.
Technavio has segmented the animal feed market by other1 (Poultry, Swine, Ruminant, Aquaculture, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Archer Daniels Midland Co., Cargill Inc., Charoen Pokphand Foods Plc, Evonik Industries AG, ForFarmers NV, Guangdong Haid Group Co. Ltd., Land O Lakes Inc., New Hope Group Co. Ltd., Nutreco NV, Perdue Farms Inc. are a few of the key vendors in the animal feed market.
APAC will register the highest growth rate of 38.72% among the other regions. Therefore, the animal feed market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Brazil
  • Russian Federation
  • Spain
The key factors driving the animal feed market growth are:
  • Increasing number of product launches
  • Entry of new players into the market
The animal feed market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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