Industry Background:
The global Animal Feed market is expected to witness high demand in the forecasted period due to growing meat consumption coupled with a recent outbreak of diseases, which has generated the need for additives in poultry, aqua, and other animal-based products. Animal feed is food given to domestic animals in the course of animal husbandry. Animal feed is food given to domestic animals in the course of animal husbandry.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Adisseo France S.A.S. (France), Ajinomoto Co., Inc. (Japan), Archer Daniel Midland (ADM) (United States), BASF SE (Germany), Biomin Holdings Gmbh (Austria), Cargill (United States), Chr. Hansen (Denmark), Danisco (DuPont Danisco Animal Nutrition) (Denmark), DSM (Netherlands) and Elanco Animal Health (United States) |
This growth is primarily driven by Increasing demand for animal-based products among humans and The inclusion of antibiotics in animal feed promotes growth and prevents the occurrence of diseases.
Globally, a noticeable market trend is evident The growing momentum of proponents of natural growth
The Agricultural Products sector in the North America 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 Adisseo France S.A.S. (France), Ajinomoto Co., Inc. (Japan), Archer Daniel Midland (ADM) (United States), BASF SE (Germany), Biomin Holdings Gmbh (Austria), Cargill (United States), Chr. Hansen (Denmark), Danisco (DuPont Danisco Animal Nutrition) (Denmark), DSM (Netherlands) and Elanco Animal Health (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. The market is highly fragmented in nature with the presence of established players. Also, they are involved in continuous R&D activities to develop new products as well as are focused on expanding the product portfolio. This is expected to intensify competition and pose a potential threat to the new market entrants.
Regulatory Insights:
FDA's Center for Veterinary Medicine (CVM) is responsible for the regulation of animal food (feed) products.
Influencing Trend:
The growing momentum of proponents of natural growth and Increase in cattle farming is likely to result in increased animal feed demand
Market Growth Drivers:
Increasing demand for animal-based products among humans and The inclusion of antibiotics in animal feed promotes growth and prevents the occurrence of diseases
Challenges:
Europe has introduced rules to limit the usage of antibiotics, which is intended for food-producing animals
Restraints:
The government stringent regulation regarding the Animal feed
Opportunities:
The increasing popularity of meat and meat-related products and rising health problems in animals and High demand due to increasing investments in research and development (R&D) for improving food fortification processes
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Animal Feed Market
- Analysis about New Entrants in Animal Feed Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Animal Feed Study Sheds Light on
The Animal Feed Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Animal Feed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Animal Feed 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.