Animal Feed Market Size Report- Industry Growth Analysis to 2027
[Research Report] The animal feed market accounted for US$ 406,640.10 million in 2018 and is projected to reach US$ 548,936.55 million by 2027; it is expected to grow at a CAGR of 3.3% during the forecast period 2019-2027.
Animal feed is basically food items prepared for the consumption of livestock or poultry. These products are carefully produced and blended with several nutritional ingredients, which are essential to maintain the good health of animals. Some of the common feeds mostly include pasture grasses, cereal grains, hay & silage crops, and other by-products of food crops, including pineapple bran, brewers' grains, also sugar beet pulp. The animal feed industry mostly encompasses various sectors like cattle, poultry, and aquaculture.
The studied market in the North America region is expected to grow at the highest CAGR of 3.6% during the forecast period. The growth of the animal feed market in this region is mainly attributed to the huge and easy availability of raw materials required to produce animal feed. Transforming lifestyle and growing awareness of the consumers towards the health issue related to animals has significantly influenced the animal feed market in North America. With an increasing focus on animal health, the demand for animal feed in the region has increased substantially. The growing concern towards maintaining the health of animals with the rapid rise in animal farming and surging product innovations are some factors that are leading to an increase in demand for animal feed in the North American countries. All these factors are further propelling the market growth in this region.
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Animal Feed Market: Strategic Insights
Market Size Value in US$ 406,640.10 Million in 2018 Market Size Value by US$ 548,936.55 Million by 2027 Growth rate CAGR of 3.3% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Animal Feed Market: Strategic Insights
| Market Size Value in | US$ 406,640.10 Million in 2018 |
| Market Size Value by | US$ 548,936.55 Million by 2027 |
| Growth rate | CAGR of 3.3% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Impact of COVID-19 on Animal Feed Market
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, were some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has affected the global supply chains and also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the animal feed market. However, as the economies are planning to revive their operations, the demand for animal feed is presumed to rise since consumers are buying products through online retailers. In addition, the animal feed manufacturing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery persons & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
Market Insights
Increasing Demand for Protein Rich Animal Feed
The industrialization of animal farming has mainly led to a rise in demand for protein-rich animal feed ingredients, which has also increased the feed conversion rate. Industrially farmed livestock are chiefly fed on concentrates prepared from cereal & vegetable protein, including soybean meals, mainly to assist them in gaining weight also to produce protein-rich meat. Farm animals mainly depend on proteins as well as other elements as the building blocks essential for good growth. Proteins in animal feeds are an excellent source of energy, minerals such as calcium & phosphorus, and essential amino acids including lysine & methionine. The growing awareness towards the health benefits of proteins on animal health has further created substantial demand for protein feeds, including animal protein meals, fish meals, bone meals, feather meals, blood meals, and other protein meals & feeds. As livestock and farm animals highly contribute to the global food supply chain, the demand for protein-rich and nutritious animal feeds is presumed to grow in the forecast period. The constantly burgeoning demand for protein-rich animal feeds to promote growth in livestock at all stages of life is anticipated to drive the overall animal feed market.
Form Insights
Based on form, the global animal feed market is segmented into pellets, crumbles, mash, and others. In 2018, the pellets segment dominated the animal feed market. Livestock, including cattle, cows, pigs, camels, sheep, deer, rabbit, alpaca, etc., are grown for their meat, leather, fur, milk, eggs, and wool. Many of this livestock can further be fed with pellet form of feed because feed pellets include higher nutrition density, more comprehensive nutrition, and higher economic benefits. These pallets can also be digested, absorbed, plus conserved better by these animals and also they are easier to store & transport compared to traditional roughage. Generally, livestock feed pellets have four types, including pure forage (grass) feed pellets, concentrated feed pellets, complete diet feed pellets, and premix feed pellets. Feed pallets can be produced by utilizing a grinding machine that can crush the maize & soya bean meal or other ingredients into a fine powder; then, the fine powder can further mix with the wheat bran, bone meal, microelement, vitamin, and other raw materials to make the complete feed mesh.
Livestock Insights
The animal feed market, based on livestock, is segmented into poultry, ruminants, swine, aquaculture, and others. Poultry segment held the largest share in 2018. Poultry is domesticated birds utilized for farming by humans for their eggs & their meat. These birds typically belong to the members of the superorder Galloanserae, including chickens, duck, geese, quails, turkeys, and others. Poultry feed is basically food for farm poultry, including ducks, geese, chickens, and other domestic birds. The common ingredients utilized in poultry feed are whole maize, maize germ, soya beans, cottonseed cake, sunflower, or fish meal. In addition to that, farmers add several feed additives such as micronutrients, minerals, and vitamins to ensure their chicken has a balanced feed that meets their daily nutrient requirements. Since farming became more specialized, many farmers prefer to provide nutritionally complete poultry feed to the poultry. Modern poultry feeds are mainly prepared of grain, protein supplements like soybean oil meal, mineral supplements, as well as vitamin supplements.
Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the animal feed market have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.
Animal Feed Market Report Scope
Report Spotlights
- Progressive industry trends in the global animal feed market to help players develop effective long-term strategies
- Business growth strategies adopted by companies in developed and developing markets
- Quantitative analysis of the global animal feed market from 2017 to 2027
- Estimation of global animal feed demand generated by various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the animal feed ecosystem
- Recent developments to understand the competitive market scenario and global animal feed demand
- Market trends and outlook, coupled with factors driving and restraining the growth of the global animal feed market
- Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the animal feed market growth globally
- Global animal feed market size at various nodes of the market
- Detailed overview and segmentation of the global animal feed market, as well as the animal feed industry dynamics
- Global animal feed market size in various regions with promising growth opportunities
Animal Feed Market – By Form
- Pellets
- Crumbles
- Mash
- Others
Animal Feed Market – By Livestock
- Poultry
- Ruminants
- Swine
- Aquaculture
- Others
Company Profiles
- Archer Daniels Midland Co.
- Cargill Inc.
- Evonik Industries AG
- ForFarmers NV
- Land O'Lakes, Inc.
- Guangdong Haid Group Co. Ltd
- New Hope Group Co. Ltd
- Nutreco NV
- Perdue Farms, Inc.
- Charoen Pokphand Foods Plc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form ; Livestock ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the pellets segment is primarily attributed to the ability of pellets to get digested, absorbed, and conserved better by these livestock. Pellets is easier to store & transport than traditional roughage. Generally, livestock feed pellets have four kinds, such as pure forage (grass) feed pellets, complete diet feed pellets, concentrated feed pellets, and premix feed pellets. Feed pellets can be produced by using a grinding machine that can crush the maize & soya bean meal or any other ingredient into a fine powder; then the fine powder can mix with the wheat bran, bone meal, microelement, vitamin, and other raw materials to make the complete feed mesh. By using different animal feed machine, the mesh is made into feed pellets. Cattle feed pellet is produced by feed pellet mill through great pressure. This kind of pallet can be feed to oxen, cows, goats, sheep, and others. Cattle feed pellets can be prepared from oil-cake, agro-residues such as peanut seeding, grass, maize straw, wheat straw, grain, and others.
The major players operating in the global animal feed market are 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 and Perdue Farms Inc. among many others.
Ans. In 2018, the animal feed market was predominant in Asia-Pacific at the global level. Expansion and diversification of variety of animal feed along with improved ways to boost the sales and distribution of animal feed such as retail shops, supermarkets, online and direct distribution channels are the major factors driving the growth of the market. The Asia Pacific has become a lucrative region which has witnessed an increase in the investment related to high quality animal feed products in different forms. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for healthy food products for their pets and animals. Moreover, rising concerns about healthy food due to the overweight, as well as a high prevalence of diseases amongst the animal population has forced the manufacturer to adopt high-quality products in this region. The region encompasses an ample amount of opportunities for the growth of the animal feed market. Further, the shift in consumer living standards has propelled the pet owners to maintain and uplift the health of their pets which is expected to lead to the growth of this market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Animal Feed Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Animal Feed Market –Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Industrial Livestock Production
5.1.2 Increasing Demand for Protein Rich Animal Feed
5.2 Market Restraints
5.2.1 Implementation of Stringent Regulations on Animal Husbandry
5.3 Market Opportunities
5.3.1 Global Food Insecurity and the Growing Challenge of Feeding the Burgeoning Population Base
5.4 Future Trends
5.4.1 Growing Demand for Organic and Clean Label Animal Feed Products
5.5 Impact Analysis of Drivers and Restraints
6. Animal Feed– Global Market Analysis
6.1 Animal Feed Market Overview
6.2 Animal Feed Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning – Key Market Players
7. Global Animal Feed Market Analysis – By Form
7.1 Overview
7.2 Animal Feed Market Breakdown, By Form, 2018 & 2027
7.3 Pellets
7.3.1 Overview
7.3.2 Pellets in Animal Feed Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Crumbles
7.4.1 Overview
7.4.2 Crumbles in Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Mash
7.5.1 Overview
7.5.2 Mash in Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others in Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn)
8. Global Animal Feed Market Analysis – By Livestock
8.1 Overview
8.2 Global Animal Feed Market Breakdown, By Livestock, 2018 & 2027
8.3 Poultry
8.3.1 Overview
8.3.2 Global Animal Feed Market Revenue Via Poultry Revenue and Forecast, to 2027 (US$ Mn)
8.4 Ruminants
8.4.1 Overview
8.4.2 Global Animal Feed Market Revenue Via Ruminants Revenue and Forecast, to 2027 (US$ Mn)
8.5 Swine
8.5.1 Overview
8.5.2 Global Animal Feed Market Revenue Via Swine Revenue and Forecast, to 2027 (US$ Mn)
8.6 Aquaculture
8.6.1 Overview
8.6.2 Global Animal Feed Market Via Aquaculture Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Global Animal Feed Market Via Other Segment Forecasts to 2027 (US$ Mn)
9. Animal Feed Market – Geographic Analysis
9.1 Overview
9.1.1 North America Animal Feed Market, Revenue and Forecast to 2027
9.1.2 North America Animal Feed Market Revenue and Forecast to 2027 (US$ Mn)
9.1.3 North America Animal Feed Market Breakdown, by Form
9.1.4 North America Animal Feed Market Breakdown, by Livestock
9.1.5 North America Animal Feed Market Breakdown, by Country
9.1.5.1 US Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.1.5.1.1 US Animal Feed Market Breakdown, by Form
9.1.5.1.2 US Animal Feed Market Breakdown, by Livestock
9.1.5.2 Canada Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.1.5.2.1 Canada Animal Feed Market Breakdown, by Form
9.1.5.2.2 Canada Animal Feed Market Breakdown, by Livestock
9.1.5.3 Mexico Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.1.5.3.1 Mexico Animal Feed Market Breakdown, by Form
9.1.5.3.2 Mexico Animal Feed Market Breakdown, by Livestock
9.2 Europe Animal Feed Market Revenue and Forecasts to 2027
9.2.1 Europe Animal Feed Market Revenue and Forecast to 2027 (US$ Mn)
9.2.2 Europe Animal Feed Market Breakdown, by Form
9.2.3 Europe Animal Feed Market Breakdown, by Livestock
9.2.4 Europe Animal Feed Market Breakdown, by Country
9.2.4.1 Germany Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.2.4.1.1 Germany Animal Feed Market Breakdown, by Form
9.2.4.1.2 Germany Animal Feed Market Breakdown, by Livestock
9.2.4.2 France Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.2.4.2.1 France Animal Feed Market Breakdown, by Form
9.2.4.2.2 France Animal Feed Market Breakdown, by Livestock
9.2.4.3 UK Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.2.4.3.1 UK Animal Feed Market Breakdown, by Form
9.2.4.3.2 UK Animal Feed Market Breakdown, by Livestock
9.2.4.4 Russia Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.2.4.4.1 Russia Animal Feed Market Breakdown, by Form
9.2.4.4.2 Russia Animal Feed Market Breakdown, by Livestock
9.2.4.5 Rest of Europe Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.2.4.5.1 Rest of Europe Animal Feed Market Breakdown, by Form
9.2.4.5.2 Rest of Europe Animal Feed Market Breakdown, by Livestock
9.3 Asia Pacific Animal Feed Market Revenue and Forecasts to 2027
9.3.1 Asia Pacific Animal Feed Market Revenue and Forecast to 2027 (US$ Mn)
9.3.2 Asia Pacific Animal Feed Market Breakdown, by Form
9.3.3 Asia Pacific Animal Feed Market Breakdown, by Livestock
9.3.4 Asia Pacific Animal Feed Market Breakdown, by Country
9.3.4.1 China Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.3.4.1.1 China Animal Feed Market Breakdown, by Form
9.3.4.1.2 China Animal Feed Market Breakdown, by Livestock
9.3.4.2 Japan Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.3.4.2.1 Japan Animal Feed Market Breakdown, by Form
9.3.4.2.2 Japan Animal Feed Market Breakdown, by Livestock
9.3.4.3 India Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.3.4.3.1 India Animal Feed Market Breakdown, by Form
9.3.4.3.2 India Animal Feed Market Breakdown, by Livestock
9.3.4.4 South Korea Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.3.4.4.1 South Korea Animal Feed Market Breakdown, by Form
9.3.4.4.2 South Korea Animal Feed Market Breakdown, by Livestock
9.3.4.5 Rest of Asia Pacific Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.3.4.5.1 Rest of Asia Pacific Animal Feed Market Breakdown, by Form
9.3.4.5.2 Rest of Asia Pacific Animal Feed Market Breakdown, by Livestock
9.4 MEA Animal Feed Market, Revenue and Forecast to 2027
9.4.1 MEA Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn)
9.4.2 MEA Animal Feed Market Breakdown, by Form
9.4.3 MEA Animal Feed Market Breakdown, by Livestock
9.4.4 MEA Animal Feed Market Breakdown, by Country
9.4.4.1 South Africa Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn))
9.4.4.1.1 South Africa Animal Feed Market Breakdown, by Form
9.4.4.1.2 South Africa Animal Feed Market Breakdown, by Livestock
9.4.4.2 Saudi Arabia Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn))
9.4.4.2.1 Saudi Arabia Animal Feed Market Breakdown, by Form
9.4.4.2.2 Saudi Arabia Animal Feed Market Breakdown, by Livestock
9.4.4.3 UAE Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn))
9.4.4.3.1 UAE Animal Feed Market Breakdown, by Form
9.4.4.3.2 UAE Animal Feed Market Breakdown, by Livestock
9.4.4.4 Rest of MEA Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn))
9.4.4.4.1 Rest of MEA Animal Feed Market Breakdown, by Form
9.4.4.4.2 Rest of MEA Animal Feed Market Breakdown, by Livestock
9.5 South America Animal Feed Market Revenue and Forecasts to 2027
9.5.1 South America Animal Feed Market Revenue and Forecast to 2027 (US$ Mn)
9.5.2 South America Animal Feed Market Breakdown, by Form
9.5.3 South America Animal Feed Market Breakdown, by Livestock
9.5.4 South America Animal Feed Market Breakdown, by Country
9.5.4.1 Brazil Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.5.4.1.1 Brazil Animal Feed Market Breakdown, by Form
9.5.4.1.2 Brazil Animal Feed Market Breakdown, by Livestock
9.5.4.2 Argentina Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.5.4.2.1 Argentina Animal Feed Market Breakdown, by Form
9.5.4.2.2 Argentina Animal Feed Market Breakdown, by Livestock
9.5.4.3 Rest of South America Animal Feed Market Revenue and Forecast to 2027 (US$ Mn))
9.5.4.3.1 Rest of South America Animal Feed Market Breakdown, by Form
9.5.4.3.2 Rest of South America Animal Feed Market Breakdown, by Livestock
10. Overview- Impact of COVID-19 outbreak
11. Impact of COVID-19 Pandemic on Global Animal Feed Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Merger and Acquisition
12.2 Business Planning and Strategy
13. Animal Feed Market –Company Profiles
13.1 Archer Daniels Midland Co
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cargill Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Charoen Pokphand Foods Plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Evonik Industries AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 ForFarmers N.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 Guangdong Haid Group Co. Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Land O'Lakes, Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 New Hope Group Co. Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 NUTRECO NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Perdue Farms, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Animal Feed Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 3. North America Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 4. US Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 5. US Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 6. Canada Animal Feed Market, Revenue and Forecast to 2027 – By Form (US$ Mn)
Table 7. Canada Animal Feed Market, Revenue and Forecast to 2027 – By Livestock (US$ Mn)
Table 8. Mexico Animal Feed Market, Revenue and Forecast to 2027 – By Form (US$ Mn)
Table 9. Mexico Animal Feed Market, Revenue and Forecast to 2027 – By Livestock (US$ Mn)
Table 10. Europe Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 11. Europe Animal Feed Market Revenue and Forecast to 2027 – By Livestock (US$ Mn)
Table 12. Germany Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 13. Germany Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 14. France Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 15. France Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 16. UK Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 17. UK Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 18. Russia Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 19. Russia Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 20. Rest of Europe Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 21. Rest of Europe Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 22. Asia Pacific Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 23. Asia Pacific Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 24. China Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 25. China Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 26. Japan Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 27. Japan Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 28. India Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 29. India Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 30. South Korea Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 31. South Korea Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 32. Rest of Asia Pacific Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 33. Rest of Asia Pacific Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 34. MEA Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 35. MEA Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 36. South Africa Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 37. South Africa Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 38. Saudi Arabia Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 39. Saudi Arabia Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 40. UAE Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 41. UAE Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 42. Rest of MEA Animal Feed Market, Revenue and Forecast to 2027 – by Form (US$ Mn)
Table 43. Rest of MEA Animal Feed Market, Revenue and Forecast to 2027 – by Livestock (US$ Mn)
Table 44. South America Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 45. South America Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 46. Brazil Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 47. Brazil Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 48. Argentina Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 49. Argentina Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 50. Rest of South America Animal Feed Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 51. Rest of South America Animal Feed Market Revenue and Forecasts to 2027 – By Livestock (US$ Mn)
Table 52. Glossary of Terms, Global Animal Feed Market
LIST OF FIGURES
Figure 1. Animal Feed Market Segmentation
Figure 2. Animal Feed Market Segmentation – By Geography
Figure 3. Global Animal Feed Market Overview
Figure 4. Pellets Segment Held Largest Share of Global Animal Feed Market
Figure 5. Asia Pacific Region Held Largest Share of Global Animal Feed Market
Figure 6. Global Animal Feed Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Animal Feed Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Animal Feed Market
Figure 15. Animal Feed Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Animal Feed Market Breakdown, by Form, 2018 & 2027 (%)
Figure 17. Pellets in Animal Feed Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 18. Crumbles in Animal Feed Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 19. Mash in Animal Feed Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 20. Others in Animal Feed Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 21. Global Animal Feed Market Breakdown by Livestock, 2018 & 2027 (%)
Figure 22. Global Animal Feed Market Revenue Via Poultry Forecast, to 2027 (US$ Mn)
Figure 23. Global Animal Feed Market Revenue Via Ruminants Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Global Animal Feed Market Revenue Via Swine Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Global Animal Feed Market Revenue Via Aquaculture Forecasts to 2027 (US$ Mn)
Figure 26. Global Animal Feed Market Revenue Via Other Segment Forecasts to 2027 (US$ Mn)
Figure 27. Animal Feed Market Breakdown, by Region, 2018 & 2027 (%)
Figure 28. North America Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 29. North America Animal Feed Market Breakdown, by Form, 2018 & 2027 (%)
Figure 30. North America Animal Feed Market Breakdown, by Livestock, 2018 & 2027 (%)
Figure 31. North America Animal Feed Market Breakdown, by Country, 2018 & 2027(%)
Figure 32. US Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 33. Canada Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 34. Mexico Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 35. Europe Animal Feed Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. Europe Animal Feed Market Breakdown, by Form, 2018 & 2027 (%)
Figure 37. Europe Animal Feed Market Breakdown, by Livestock, 2018 & 2027 (%)
Figure 38. Europe Animal Feed Market Breakdown, by Country, 2018 & 2027(%)
Figure 39. Germany Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 40. France Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 41. UK Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 42. Russia Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 43. Rest of Europe Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 44. Asia Pacific Animal Feed Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 45. Asia Pacific Animal Feed Market Breakdown, by Form, 2018 & 2027 (%)
Figure 46. Asia Pacific Animal Feed Market Breakdown, by Livestock, 2018 & 2027 (%)
Figure 47. Asia Pacific Animal Feed Market Breakdown, by Country, 2018 & 2027(%)
Figure 48. China Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 49. Japan Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 50. India Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 51. South Korea Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 52. Rest of Asia Pacific Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 53. Middle East and Africa Animal Feed Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 54. MEA Animal Feed Market Breakdown, by Form, 2018 & 2027 (%)
Figure 55. MEA Animal Feed Market Breakdown, by Livestock, 2018 & 2027 (%)
Figure 56. MEA Animal Feed Market Breakdown, by Country, 2018 & 2027(%)
Figure 57. South Africa Animal Feed Market Forecast to 2027 (US$ Mn)
Figure 58. Saudi Arabia Animal Feed Market Forecast to 2027 (US$ Mn)
Figure 59. UAE Animal Feed Market Forecast to 2027 (US$ Mn)
Figure 60. Rest of Middle East and Africa Animal Feed Market Forecast to 2027 (US$ Mn)
Figure 61. South America Animal Feed Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 62. South America Animal Feed Market Breakdown, by Form, 2018 & 2027 (%)
Figure 63. South America Animal Feed Market Breakdown, by Livestock, 2018 & 2027 (%)
Figure 64. South America Animal Feed Market Breakdown, by Country, 2018 & 2027(%)
Figure 65. Brazil Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 66. Argentina Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 67. Rest of South America Animal Feed Market Forecasts to 2027 (US$ Mn)
Figure 68. Impact of COVID-19 Pandemic in North American Country Markets
Figure 69. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 70. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 71. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 72. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Animal Feed Market
- Archer Daniels Midland Co
- Cargill Inc
- Charoen Pokphand Foods Plc
- Evonik Industries AG
- ForFarmers N.V.
- Guangdong Haid Group Co. Ltd
- Land O'Lakes, Inc
- New Hope Group Co. Ltd
- NUTRECO NV
- Perdue Farms, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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