Animal Feed Market

Animal Feed Market Size and Growth Rate (2019 - 2026)

Animal Feed Market size is expected to estimate at USD 35.2 billion in 2019 and it is anticipated to reach USD 337.79 billion by 2026. It will be reaching a CAGR of 3.7% from 2019 to 2026.

Animal feed accounts for a large part of the investment in livestock and these enzymes additives help the livestock industry to yield more meat faster and at a lesser cost per animal. Manufacturers are focusing on adopting nanotechnology in order to boost the production of animal feed enzymes in the global market. The growing prevalence of various foodborne diseases and zoonotic diseases such as avian flu is expected to rev up demand for this animal feed market.

Animal Feed Market - Overview

• The numerous outbreaks of disease affecting livestock in recent years have increased concerns about the safety and quality of meat, which has led to the use of animal feed. Raw materials have a direct impact on the cost and quality of finished products. As a result, the production facilities of the main market players are close to the sources of raw materials.
• Leading companies in the animal feed market are involved in research and development to develop high-quality products. Consumer preference for organic and natural food products is an emerging trend that is likely to generate demand for plant extracts and other natural products. The growing demand for organic products is expected to limit the growth of synthetic products in the animal feed industry in the coming years.
• Few multinational giants dominate much of this industry with their established brands. This can be a major concern for new participants. However, there is a largely untapped market in emerging regions, such as Russia, China, India, and Brazil. These regional markets can compete by introducing improved products, creating many new opportunities for new entrants.

Animal Feed Market - Recent Trends and Insights:

• Animal feeds account for a large part of the investment in livestock and these enzymes additives help the livestock industry to yield more meat faster and at a lesser cost per animal. Animal feed enzymes are resultant from plants, animals, microorganisms and other sources. They can advance the metabolism and the nutrient absorbing capacity, help in the removal of anti-nutritional elements, along with helping to combat indigestible ingredients, offering more productivity with the higher feed conversion rate.
• A surge in the production of livestock such as poultry, fish, and pigs has led to an upsurge in demand for animal feed enzymes. The prevalence of food-borne diseases has further led to an upsurge in demand for animal feed additives during the forecast period. It is proved that by increasing the accurate reformulated feed with enzymes, feed costs can be reduced. The growing prevalence of various foodborne diseases and zoonotic diseases such as avian flu is expected to rev up demand for feed additives during the forecast period. Increasing awareness among customers regarding product safety and meat quality is further expected to rev up demand for animal feed additives in the global market.
• Manufacturers are focusing on adopting nanotechnology in order to boost the production of animal feed enzymes in the global market and increasing strategic partnerships and collaborations among them continue to extend across the supply chains. Also, high investment in aquaculture is expected to contribute towards the growth of the global animal feed enzymes market with the increasing adoption of fish as a staple food. Non-GMO products are an improved alternative to GM foods and animal feed market vendors are trying to earn higher profits by capitalizing on consumers who are ready to pay higher prices for non-GMO products. Likewise, many leading vendors operating in the dairy and meat industry are also switching to non-GMO animal feed products.

This research report includes the following segmentation for the Global Animal Feed Market size and forecast  2026.

Animal Feed Market – By Product

• Vitamins
• Amino acids
• Antibiotics
• Acidifiers
• Antioxidants
• Enzymes and others

Animal Feed Market - By Application:

• Special Proteins
• Mycotoxin Binders
• Minerals
• Flavors and Sweeteners

Animal Feed Market – By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

In terms of revenue, Asia Pacific is the leading region in the world market. Europe appeared as the second largest region in 2019. The growing livestock industry is chiefly driven by Western European countries. The presence of stringent regulatory norms for the use of additives and premixes along with a ban on antibiotics as growth promoters is emerging the natural and organic animal nutrition products. Increasing meat consumption, mainly in the U.S. and stringent regulations concerning meat quality are expected to remain key regional driving factors. Also, the availability of plentiful raw materials such as maize and dextrose among others is also expected to drive the regional demand over the forecast period.

Leading Companies listed in the Animal Feed Market report are:

• Dachan Food (Asia) Ltd.
• Smithfield Foods
• Yuetai Group
• Nonghyup Feed Inc.
• Nutreco De Heus
• Tangrenshen Group (TRS)
• Haid Group
• Shuangbaotai Group (Twins Group)
• Agrifirm Group
• JA Zen-Noh
• East Hope Group
• For Farmers N.V.

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