Industry Background:
Animal Feed Ingredients are used in animal feed to fulfill their nutritional requirements. These ingredients support the growth of animals. These ingredients provide highly nutritious diets that improve the quality of end products like meat, milk, and eggs while also maintaining the health of the animals. Consumers' rising per capita intake of meat and milk has necessitated the need for healthier animals. The growing popularity of poultry-based foods is expected to boost demand for animal feed ingredients.This growth is primarily driven by Rising Demand For Meat From Food Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Meat, Poultry & Fish sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as .Archer-Daniels-Midland Company (United States), Mosaic Company (United States), J.R. Simplot Company (United States), Cargill, Incorporated (United States), Grain Millers, Inc. (United States), AB Vista (South Africa), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Darling Ingredients (United States) and Dupont (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2021, Archer Daniels Midland Company (ADM) acquired Neovia Nutritionals, products and solutions provider for both production and companion animal for Euro 1.544 billion. With this acquisition, ADM aims to become a global leader in animal nutrition.
In January 2021, Kemin Industries partnered with Zhuyi Mall to launch its e-commerce business for millions of pig farmers in China. Through this platform, Kemin intends to have a digital transformation for its animal nutrition and health operations in China.Animal Feed Ingredients market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solution to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Emergence Of Plant Based Nutrition’s
Market Growth Drivers:
Rising Demand For Meat From Food Industry and Growing Awareness Regarding The Nutritional Benefits Of Ingredients
Challenges:
Concern Over Quality Of Feed Due To Adulteration
Restraints:
Rising Price Of Raw Materials Required To Make Animal Feed Ingredients
Opportunities:
Rising Population Along With Growing Economic Standards and Increase In Demand For Pet Food Due To Rising In Awareness Among The Pet Owners
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Animal Feed Ingredients Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Animal Feed Ingredients Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Animal Feed Ingredients players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Animal Feed Ingredients Study Sheds Light on
The Animal Feed Ingredients Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Animal Feed Ingredients industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Animal Feed Ingredients industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.