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According to IMARC Group’s latest report, titled “Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global animal feed market size reached US$ 501.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 606.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

Animal feed represents food products grown and manufactured for the consumption of swine, ruminants, poultry, aquatic animals, etc. They are produced by blending products with high nutritional content, including silage, hay, legumes, straw, oils, sprouted grains, etc. Animal feed items are rich in fibers, proteins, minerals, carbohydrates, enzymes, acidifiers, antibiotics, antioxidants, etc., which act as a source of energy for animals and support their muscular growth. They even enrich the animal products, such as eggs, milk, and meat. As a result, animal feed formulations are extensively utilized by animal farmers across countries.

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Animal Feed Market Trends:

The inflating demand for meat and animal-based food products and the growing commercial livestock production are primarily driving the animal feed market. Apart from this, the elevating awareness about the numerous benefits of algae-based ingredients used in animal feed, including improved nutrient supply at the early developmental stages of the livestock and the production of premium quality meat, eggs, and milk while boosting physical growth is acting as another significant growth-inducing factor.

In addition to this, the increasing incorporation of non-genetically modified organisms or non-GMO crops in animal feed by leading vendors to meet the consumers’ need for all-natural food sources is also positively influencing the global market. Besides this, the rising expenditure in research and development (R&D) to innovate new products with enhanced nutrient content and the launch of various favorable policies by the government bodies aimed at promoting the use of quality feed additives to control risks of disease outbreaks are expected to propel the animal feed market over the forecasted period.

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the key players.

• Archer-Daniels-Midland Company
• Cargill Incorporated
• Charoen Pokphand Group
• Dupont De Nemours Inc.
• Evonik Industries AG (RAG-Stiftung)
• ForFarmers N.V.
• Kemin Industries Inc.
• Nutreco N.V (SHV Holdings)
• Perdue Farms Inc.
• Tyson Foods Inc.

Key Market Segmentation:

The report has categorized the market based on form, animal type and ingredient.

Breakup by Form:

• Pellets
• Crumbles
• Mash
• Others

Breakup by Animal Type:

• Swine
• Starter
• Finisher
• Grower
• Ruminants
• Calves
• Dairy Cattle
• Beef Cattle
• Others
• Poultry
• Broilers
• Layers
• Turkeys
• Others
• Aquaculture
• Carps
• Crustaceans
• Mackeral
• Milkfish
• Mollusks
• Salmon
• Others
• Others

Breakup by Ingredient:

• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
• Others
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2565&flag=C

Key highlights of the report:                                                    

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Lobster Market: https://www.einpresswire.com/article/615644989/lobster-market-global-size-to-reach-us-12-0-billion-by-2028-growth-rate-cagr-of-9-3

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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