Overview and Scope
Animal food refers to food for domestic animals, especially livestock, in the course of animal husbandry. These are intended for use as a substantial source of nutrients in the diet of the animal.
Sizing and Forecast
The animal food market size has grown strongly in recent years. It will grow from <b>$256.18 billion in 2023 to $278.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the historic period can be attributed to growing pet ownership, animal agriculture, humanization of pets, global meat consumption, regulations and standards.
The animal food market size is expected to see strong growth in the next few years. It will grow to <b>$379.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. </b> The growth in the forecast period can be attributed to health and wellness for pets, sustainability and ethical sourcing, customized and personalized diets, digital marketing and e-commerce. Major trends in the forecast period include grain-free and grain-inclusive diets, protein-rich and meat-first formulations, natural and organic pet food, alternative protein sources, functional ingredients.
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Segmentation & Regional Insights
The animal food market covered in this report is segmented –
1) By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
2) By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Cereal, Oilseed Meal, Molasses, Fish Oil And Fish Meal, Supplements, Other Ingredients Prawn Feed, Fish Feed, Other Aqua Feed
<b>Asia-Pacific</b> was the largest region in the animal food market in 2023. Western Europe was the second-largest region in the animal food market. The regions covered in the animal food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The animal and pet food market's growth are aided by the stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP reached 3.3% in 2020 and 3.4% in 2021, according to the IMF. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
Key Industry Players
Major companies operating in the animal food market include <b> Cargill Incorporated, New Hope Liuhe Co. Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Mitsui, CJ Cheiljedang Corp, Land O'Lakes Inc., ForFarmers NV, Japfa Ltd., Tate & Lyle, Mars Petcare Inc., Nestlé Purina PetCare, ADM Animal Nutrition Inc., Ainsworth Pet Nutrition LLC, Alphia, Hill's Pet Nutrition Inc., Diamond Pet Foods, Blue Buffalo Co.Ltd., Spectrum Brands Inc., WellPet Group, Sunshine Mills Inc., Merrick Pet Care Inc., Simmons Pet Food, C.J. Foods Inc., Tuffy’s Pet Food Inc., Nature’s Variety, AgriProtein, Al Dahra Agricultural Company LLC, Big Heart Pet Brands, Bob Martin Petcare, BOCM Pauls, Ceylon Grain Elevators plc, Champion Petfoods LP, Devenish Nutrition, Diamond V, Ewos Group AS, H&N International GmbH.</b>
The animal food market report table of contents includes:
1. Executive Summary
2. Animal Food Market Characteristics
3.Animal Food Market Trends And Strategies
4. Animal Food Marke analysis
5.Animal Food Market Size And Growth
6.Animal Food Segmentation
7.Animal Food Regional And Country Analysis
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27.Animal Food Competitive Landscape And Company Profiles
28.Animal Food Key Mergers And Acquisitions
29.Animal Food Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cargill Incorporated
- New Hope Liuhe Co. Ltd.
- Charoen Pokphand Foods PCL
- Bunge Limited
- Mitsui
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Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.Antioxidants are mainly used in animal feed industry for providing protection of essential nutrients such as vitamins, fats, and pigments from deterioration.
Furthermore, these ingredients are capable of extending the storage period as well as the durability of animal feed.Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/animal-feed-antioxidants-market/request-samplePoultry was the largest market, accounting for 34.3% of global share in 2015.
Rising demand for frozen chicken as a result of increasing importance of convenience food is expected to increase the consumption of antioxidants among livestock over the forecast period.Over the past few years, the governments of South Africa and Nigeria have been initiating various policies aimed for the improvement of poultry farming on a domestic level.
The above mentioned favorable policy toward the development of poultry farming on a national level is expected to open to increase new applications over the projected period.The market demand for cattle was 16.0-kilo tons in 2015 and is expected to witness significant gains as a result of increasing outbreaks of diseases including Bovine spongiform encephalopathy (BSE).
Furthermore, animal feed antioxidants demand in aquaculture was USD 16.9 million in 2015.Product insights:Synthetic products forms held a market volume of over 50% in 2015.
They are used on account of excellent stability as well as enhanced shelf life as compared to natural counterparts.
Animal & Pet Food Flavors Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Animal & Pet Food Flavors industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Animal & Pet Food Flavors manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Animal & Pet Food Flavors market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Animal & Pet Food Flavors industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Animal & Pet Food Flavors industry.
Key Questions Addressed by the ReportWhat is the growth perspective of the Animal & Pet Food FlavorsMarket and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the Animal & Pet Food FlavorsMarket?What are the new and emerging technologies and use cases disrupting the Animal & Pet Food Flavorsindustry?What are the key applications where Animal & Pet Food Flavorsplays a significant role?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-animal-pet-food-flavors-2019-2024-727There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Animal & Pet Food Flavors as well as some small players.
At least 6 companies are included: Givaudan SA (Switzerland) Huabao International Holdings (China) International Flavors & Fragrances (US) Kerry Group (UK) V. Mane Fils SA (Switzerland) Robertet SA (France)The information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Animal & Pet Food Flavors market in gloabal and china.
Natural ArtificialFor end use/application segment, this report focuses on the status and outlook for key applications.
The Business Research Company published its Animal Food Manufacturing Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global animal food manufacturing market.
The report covers the animal food manufacturing market’s segments- poultry feed, cattle feed, aquaculture feed, and other animal food.View Complete Report: https://www.thebusinessresearchcompany.com/report/animal-food-manufacturing-global-market-report Animal Food Manufacturing Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Companies in the animal foods industry are increasingly producing bio-based/natural inputs including insect-based food using feed technology that supports the health and vigor of the animal population.
With busy lifestyles, influence of social media on the market, impact of new cuisines on the market, and low cost foods, the scope and potential for the global animal food manufacturing market is expected to significantly rise in the forecast period.Request A Sample Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2053=smpFew Points From Table Of Content1.
