NEW YORK CITY, Aug. 18, 2023 /PRNewswire/ — The animal feed market is set to grow by USD 146.56 billion from 2022 to 2027. However, the development momentum will advance at a CAGR of 5.34% throughout the projection duration, according to Technavio. The animal feed market is fragmented, and the suppliers are looking for strong collaborations with vehicle, commercial, and industrial business to contend in the market. Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., BRF SA, 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, Tyson Foods Inc., Biochem ingredients and item mbH, and are a few of the significant market individuals – To learn about the supplier offerings – Request a sample report
Animal Feed Market 2023-2027: Scope
Technavio provides a comprehensive image of the marketplace by method of research study, synthesis, and summation of information from several sources. The animal feed market report covers the following locations:
The animal feed market is fragmented, and the degree of fragmentation will speed up. The increasing financial investments and growth of production abilities will use enormous development opportunities. However, the High rate of non-GMO animal feed will hinder the marketplace development.
Animal Feed Market 2023-2027: Drivers & Challenges
Increasing financial investments and growth of production abilities are significantly driving market development. Manufacturers are concentrating on broadening production their capabilities to fulfill the worldwide need. For circumstances, in October 2021, Koudijs subsidiary De Heus opened a brand-new feed additive plant in Kirchtsi, Lviv Oblast, Ukraine, for USD 9.2 million. In April 2020, Cargill subsidiary Diamond V broadened its family pet nutrition production center in Cedar Rapids, U.S.A., to package and produce a complete line of natural animal immune assistance items. Therefore, increasing financial investments and focus by market suppliers on broadening production capability will drive the development of the marketplace throughout the projection duration.
The advancement of tidy meat items is challenging market development. As pure meat items are established in labs utilizing cellular innovation, their advancement procedure does not consist of animal massacre. The variety of providers of tidy meat items is increasing worldwide. For circumstances, in January 2021, New Wave Foods revealed the authorities launch of its plant-based shrimp item. Therefore, efforts by suppliers to establish tidy meat items are anticipated to prevent the development of the marketplace throughout the projection duration.
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Animal Feed Market 2023-2027: Segment Analysis
Animal Feed Market 2023-2027: Segmentation Highlights
The poultry sector will represent a considerable share of market development throughout the projection duration. The increasing intake of poultry meat will sustain the need for poultry feed items throughout the projection duration. Market suppliers are increasing their poultry production to fulfill the growing need for poultry meat. The intro of brand-new poultry feed items by market suppliers will likewise drive the development of the poultry feed sector throughout the projection duration.
The competitive circumstance classifies business based upon numerous efficiency signs. Some of the elements thought about consist of the monetary efficiency of business, development methods, item developments, brand-new item launches, financial investments, and development in market share, to name a few Buy the Report
Animal Feed Market 2023-2027: Key Highlights
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CAGR of the marketplace throughout the projection duration 2023-2027
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Detailed details on elements that will help animal feed market development throughout the next 5 years
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Estimation of the animal feed market size and its contribution to the parent market
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Predictions on upcoming patterns and modifications in customer habits
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The development of the animal feed market throughout APAC, Europe, North America, South America, and Middle East and Africa
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Analysis of the marketplace’s competitive landscape and comprehensive details on suppliers
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Comprehensive information of elements that will challenge the development of animal feed market suppliers
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Animal Feed Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic duration |
2017-2021 |
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Forecast duration |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.34% |
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Market development 2023-2027 |
USD 146.56 billion |
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Market structure |
Fragmented |
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YoY development 2022-2023 (%) |
4.33 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key nations |
United States, China, Russia, Spain, and Brazil |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key business profiled |
Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., BRF SA, 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, Tyson Foods Inc., and Biochem ingredients and item mbH |
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Customization province |
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Table of contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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SOURCE Technavio
