Exploring the Prospects and Pitfalls of the Animal Feed Industry

Posted on 2023-10-27 by researchinsights in Industrial // 0 Comments

Animal Feed Industry Data Book – Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s animal feed sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Animal Feed Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Aquafeed Market Report Highlights

The global Aquafeed Market size was estimated 40.7 million tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030.

Dry aquafeed form witnessed the fastest growth rate from 2023 to 2030 owing to its properties, such as easy production, quick transport, long storage life, and quick dispense into the fish culture environment
Feed acidifiers are estimated to witness the fastest growth rate from 2022 to 2030 due to their ability to prevent the species from diseases, which are caused by E. coli and Salmonella. These additives are prepared from organic acids along with their salts and help in maintaining gastric acid levels in aquatic species
The grower feed type will have a high growth rate during the forecast years due to its rising demand as it supports the continuous growth of the animals without burdening them with extra vitamins and minerals intake
Sea bass application will witness a high growth rate from 2023 to 2030 due to its increasing consumption in the food industry because of its low calorie and high protein content. It is a carnivorous fish and is rich in omega-3 fatty acids, proteins, and selenium. It also contains potassium, mercury, magnesium, vitamin B12, and vitamin B6
Asia Pacific will emerge as the fastest-growing region from 2023 to 2030 owing to its favorable climatic conditions in countries like China and India, which help enhance the overall aquaculture industry production, thereby boosting the market growth

Order your copy of Free Sample of “Animal Feed Industry Data Book – Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Pet Food Market Report Highlights

The global Pet Food Market size was estimated at 31.8 million tons in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2030.

Dog food accounted for the fastest growth rate of more than 5.1%, owing to the increased awareness regarding dog health and benefits of healthy and balanced dog diet among the dog owners
Dry Cat food type accounted for the fastest growth rate due to its benefits such as cost-effectiveness, ease and convenience of application, and long shelf life. Also, it allows free feeding to the cats which has increased their demand from cat-owners, where the cat prefers to consume round the clock, instead of feeding at specific mealtimes in a day
The region of Central and South America accounted for the fastest growth rate of 6.0%. This is because of the growing population of number of Cats and Dogs, resulting in to rising pet food production
Pet food manufacturers are extremely focused on enhancing & managing supply efficiency and ensuring their capability to compete with other players by addressing sourcing requirements, improving operating efficiency, reducing lead time, and increasing productivity. Increasing consumer awareness concerning toxicity of synthetic products and the side- effects observed in pets due to the consumption of such products have instigated several manufacturers in developed economies to produce organic pet foods
There are number of people that suffer from pet allergies and hence do not prefer keeping a household pet. This is because of the presence of indoor allergens such as animal dander, molds, and dust mite dropping. There have been numerous cases of people suffering from diseases like asthma due to dog and cat allergies. This factor can be an important restraint of the market.

Go through the table of content of Animal Feed Industry Data Book to get a better understanding of the Coverage and Scope of the study

Competitive Landscape

Manufacturers are engaged in constant R&D activities, which helps them with insights into product development and enhancement. In addition, key players are engaged in expanding their geographical reach by implementing various strategic plans such as mergers & acquisitions, joint ventures, disinvestments, long-term contracts & agreements, and partnerships to mark their presence in the market.

Key players operating in the Animal Feed industry are:

Alltech
Nutreco
The J.M. Smucker Company
Nestlé Purina
General Mills Inc.
Kent Foods

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Matched content

Editor’s pick