The size of the animal feed market is expected to register a valuation of $548,936.55 million by 2027, according to the latest study by Insight Partners.

According to a new market research report “Animal Feed Market Forecast 2027 – Impact of COVID-19 and Global Analysis by Form (pellets, crumbs, wort, others); Livestock (Poultry, Ruminants, Pigs, Aquaculture, Others); and Geography” published by TheInsightPartners, the size of the animal feed market is expected to grow from US$406,640.10 million in 2018 to US$548,936.55 million by 2027 at a compound annual growth rate (CAGR) of 3 .3% during the forecast period.

Animal feed is basically food prepared for consumption by livestock or poultry. These products are carefully formulated and blended with a variety of nutritional ingredients, essential for maintaining good animal health. Some of the common foods mainly include grasslands, grains, hay and silage crops as well as other by-products of food crops including pineapple bran, beer grains and beet pulp. The animal feed industry mainly covers various sectors such as livestock, poultry and aquaculture.

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Major Players Profiled in the Pet Food Market Report Include: 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.

The market studied 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 large and easy availability of raw materials needed for the production of animal feed. Lifestyle transformation and increased consumer awareness of animal-related health issues have significantly influenced the pet food market in North America.

Market overview

Growing Demand for Protein-rich Pet Foods

Livestock industrialization has mainly led to increased demand for protein-rich food ingredients, which has also increased the feed conversion rate. Factory farmed animals are primarily fed concentrates prepared from grains and plant proteins, including soybean meal, primarily to help them gain weight and produce protein-rich meat. Farm animals primarily rely on proteins and other elements as essential building blocks for proper growth. Protein in animal feed is an excellent source of energy, minerals such as calcium and phosphorus and essential amino acids such as lysine and methionine.

Growing awareness of the animal health benefits of protein has also created a great demand for protein foods, including animal protein meals, fishmeals, bonemeals, feathers, bloodmeal and other protein meals and foods. As livestock and livestock are major contributors to the global food supply chain, demand for protein-rich and nutritious animal feed is expected to increase during the forecast period. The growing demand for high protein animal feed to promote livestock growth across all life stages is expected to drive the global animal feed market.

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Impact of COVID-19 on the animal feed market

As of July 2021, the United States, India, Brazil, Russia, Spain, France, the United Kingdom, Turkey and Italy were among the most affected countries in terms of confirmed cases and reported deaths. COVID-19 is affecting economies and various industries in different countries due to lockdowns, travel bans and business closures. The closure of several factories and factories affected global supply chains and also negatively impacted manufacturing, delivery schedules and sales of goods in the global market. In addition, global travel bans imposed by countries across Europe, Asia Pacific and North America are also impacting commercial collaborations and partnership opportunities.

Forms overview

On the basis of shape, the global pet food market is segmented into pellets, crumbs, puree and others. In 2018, the pellet segment dominated the animal feed market. Livestock, including cattle, cows, pigs, camels, sheep, deer, rabbits, alpacas, etc. They are cultivated for their meat, leather, fur, milk, eggs and wool. Many of these animals can also be fed pellets, as pellets include higher nutrient density, more complete nutrition, and greater economic benefits. These pallets can also be digested, absorbed and better preserved by these animals and are also easier to store and transport than traditional roughages. Generally, livestock feed pellets come in four types, including pure forage (grass) pellets, concentrate feed pellets, complete diet feed pellets, and pre-mixed feed pellets. Feeding paddles can be produced using a grinding machine that can grind corn and soy flour or other ingredients into a fine powder; then the fine powder can be mixed with wheat bran, bone meal, microelements, vitamins and other raw materials to make the complete mesh of the feed.

Animal feed market – by form

pellet
collapse
Mashed potatoes
Others

Animal feed market – by livestock

birds
ruminants
Pork
aquaculture
Others

Highlight report

  • Progressive industry trends in the global pet food 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
  • Estimated global animal feed demand generated by various industries

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About Us:

Insight Partners is a complete provider of actionable intelligence industry research. We help our clients find solutions to their research needs through our syndicated research and consulting services. We specialize in industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, healthcare, manufacturing and construction, media and technology, chemicals and materials.

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