The Animal Feed Market is projected to reach USD 47.36 billion by 2033, growing from USD 78.75 billion in 2023, with a compound annual growth rate (CAGR) of 4.86% from 2023 to 2033. Animal feed is a carefully balanced mix of various ingredients such as grains, protein sources, vitamins, minerals, and additives, designed to provide essential nutrients for domesticated animals and livestock. It serves as a primary source of nourishment, supporting their growth, health, and productivity. Available in forms like pellets, powders, and granules, animal feed is tailored to meet the specific dietary needs of different animal species and production stages. Properly formulated and regulated animal feed is crucial for ensuring the well-being and optimal performance of animals, enhancing their ability to efficiently and sustainably produce meat, milk, eggs, and other animal-derived products.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Amino Acids, Vitamins, Minerals, Others)
By Form (Pellets, Crumbles, Mash, Others)
By Species (Swine, Ruminants, Poultry, Aquaculture, Others)
Key players
Adisseo
Ajinomoto Co Inc
ADM
BASF SE
BIOMIN Holding GmbH
Cargill, Incorporated
Hansen Holding A/S
DuPont
DSM
Elanco
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook