Animal feed market Worldwide Prospects, Share, Crucial Players, Size & Forecast – 2027
Overview
The animal feed market is predicted to register a CAGR of
4.50% during the 2019 to 2027 forecast period. The market report predicts a
US$730 billion by 2027 value of the market by the end of 2027. The
growth is anticipated to be supported by the presence of many untapped
opportunities across the market. Based on the report, favorable policies across
regional markets will drive growth in the market in the coming years till 2027.
However, unstable raw material prices will negatively affect the animal feed
market’s growth. The weak supply chain is anticipated to be another factor
which could turn out to be a threat to companies during 2019 to 2027. The
market report based on primary and secondary data reveals that form and region
segments will witness a healthy growth till 2027. While favorable government
policies will support the market during the forecast period and the growing
demand for innovative products will also help the market globally, the growth
could be affected by growing concerns regarding the cost which could hinder
business activities. The growing preference of consumers towards alternative
solutions is also expected to be responsible for stalled market growth till
2027.
Market Segmentation
The animal feed market is categorized into smaller segments such as form and
region in order to analyze the market. The form and region segments are then
categorized further. The form segment is categorized into crumbles, mash,
pellets, and others. Analysts have studied these sub segments. Based on
species, the global animal feed
market is further segmented into aqua, poultry,
ruminants, swine, and others.
The increasing preference of consumers towards high quality animal feed will
drive growth in the market during the forecast period 2019 to 2027. Across all
the segments including form and region, the global animal feed market will
witness a healthy growth. However, factors such as the weak supply chain could
become a threat to the market’s growth. Economic activities surrounding the
animal feed sector will also get benefitted from the introduction of new
products. Businesses across animal feed have been thoroughly studied and
analysed by animal feed industry’s expert researchers. Findings have been
published in the animal feed market research report with forecasts till 2027.
Access Report @ https://www.marketresearchfuture.com/reports/animal-feed-market-1611
Regional Overview
The animal feed market, apart from
the product and service related segments, is spread across the world. The
regional markets of animal feed covered in the report are North America,
Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the
world. The growing awareness is set to be a key growth factor for businesses
active in the animal feed space. The market across North America is segmented
into the United States, Mexico, Canada, and others. Regional markets in the
animal feed sector across the European market are segmented into Germany,
Italy, the United Kingdom, and France. The market in the APAC region is
segmented into India, China, Japan, and others. Animal feed based businesses
across the world will be supported by the increasing awareness among consumers
during the forecast period 2019 to 2027. However, the growth could be hindered
by the lack of awareness. The market is also segmented into the Middle East and
Africa regions among others.
One of the major drivers driving demand development in North America is the
advent of technical advances to enhance IT technology, such as the introduction
of IoT, AI, and big data. Europe, on the other hand, contributed 25.02 percent
of global share in 2018, thanks to Russia, France, Germany, and Spain. It is expected
to rise at a 4.39 percent CAGR over the forecast period.
Competitive Landscape
Animal feed based companies have been studied and profiled in the market
research report. The animal feed market along with its segments and key players
has been studied. Animal feed business analysis is done to identify competitors
and their strategies. The global animal feed market research report covers core
values, strengths and other key factors about animal feed related companies.
Competitors to help comprehend their mission, vision, core values, niche
market, strengths, and weaknesses. A rise in the disposable income is set to
help the market during the forecast period 2019 to 2027. The market is
anticipated to reach a higher valuation of US$730 billion by 2027 with a CAGR
of 4.50%. However, the fluctuating prices of raw materials will prove to be
affecting the animal feed market growth.
Key players in the animal feed market include New Hope Group (China),
NUTRECO N.V. (The Netherlands), Cargill, Inc. (U.S.), Land 'O Lakes Inc.
(U.S.), Charoen Pokphand Group (Thailand), ForFarmers N.V. (The Netherlands),
Japfa Comfeed Indonesia Tbk (Indonesia), COFCO Limited (Hong Kong), Neovia
Group (France), and Archer Daniels Midland (ADM) Company (U.S.).
Industry News
According to Kemiex, a Swiss feed additives trade and information portal, feed
additive markets are very involved as Chinese production has resumed with a
bang just after Spring Festival and now is up and running. Higher raw material
prices for ferment and refining continue to influence China, according to
Stefan Schmidinger, partner at Kemiex, who also mentions that major investment
banks are expecting a ‘roaring 20s' scenario for oil and industrial
commodities. Overall, amino acids have pushed feed additive rates higher in
recent weeks, he added.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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Market Research Future (part of Wantstats Research
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