Animal Feed Market Size Report- Industry Growth Analysis to 2027

Animal Feed Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Form (Pellets, Crumbles, Mash, Others); Livestock (Poultry, Ruminants, Swine, Aquaculture, Others); and Geography

Publication Month : Jun 2020

  • Report Code : TIPRE00010192
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 161
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[Research Report] The animal feed market accounted for US$ 406,640.10 million in 2018 and is projected to reach US$ 548,936.55 million by 2027; it is expected to grow at a CAGR of 3.3% during the forecast period 2019-2027.

Animal feed is basically food items prepared for the consumption of livestock or poultry. These products are carefully produced and blended with several nutritional ingredients, which are essential to maintain the good health of animals. Some of the common feeds mostly include pasture grasses, cereal grains, hay & silage crops, and other by-products of food crops, including pineapple bran, brewers' grains, also sugar beet pulp. The animal feed industry mostly encompasses various sectors like cattle, poultry, and aquaculture.

The studied market in the North America region is expected to grow at the highest CAGR of 3.6% during the forecast period. The growth of the animal feed market in this region is mainly attributed to the huge and easy availability of raw materials required to produce animal feed. Transforming lifestyle and growing awareness of the consumers towards the health issue related to animals has significantly influenced the animal feed market in North America. With an increasing focus on animal health, the demand for animal feed in the region has increased substantially. The growing concern towards maintaining the health of animals with the rapid rise in animal farming and surging product innovations are some factors that are leading to an increase in demand for animal feed in the North American countries. All these factors are further propelling the market growth in this region.

Impact of COVID-19 on Animal Feed Market

As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, were some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has affected the global supply chains and also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.

Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the animal feed market. However, as the economies are planning to revive their operations, the demand for animal feed is presumed to rise since consumers are buying products through online retailers. In addition, the animal feed manufacturing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery persons & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.

Global Animal Feed Market

Global Animal Feed Market

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Market Insights

Increasing Demand for Protein Rich Animal Feed

The industrialization of animal farming has mainly led to a rise in demand for protein-rich animal feed ingredients, which has also increased the feed conversion rate. Industrially farmed livestock are chiefly fed on concentrates prepared from cereal & vegetable protein, including soybean meals, mainly to assist them in gaining weight also to produce protein-rich meat. Farm animals mainly depend on proteins as well as other elements as the building blocks essential for good growth. Proteins in animal feeds are an excellent source of energy, minerals such as calcium & phosphorus, and essential amino acids including lysine & methionine. The growing awareness towards the health benefits of proteins on animal health has further created substantial demand for protein feeds, including animal protein meals, fish meals, bone meals, feather meals, blood meals, and other protein meals & feeds. As livestock and farm animals highly contribute to the global food supply chain, the demand for protein-rich and nutritious animal feeds is presumed to grow in the forecast period. The constantly burgeoning demand for protein-rich animal feeds to promote growth in livestock at all stages of life is anticipated to drive the overall animal feed market.

Form Insights

Based on form, the global animal feed market is segmented into pellets, crumbles, mash, and others. In 2018, the pellets segment dominated the animal feed market. Livestock, including cattle, cows, pigs, camels, sheep, deer, rabbit, alpaca, etc., are grown for their meat, leather, fur, milk, eggs, and wool. Many of this livestock can further be fed with pellet form of feed because feed pellets include higher nutrition density, more comprehensive nutrition, and higher economic benefits. These pallets can also be digested, absorbed, plus conserved better by these animals and also they are easier to store & transport compared to traditional roughage. Generally, livestock feed pellets have four types, including pure forage (grass) feed pellets, concentrated feed pellets, complete diet feed pellets, and premix feed pellets. Feed pallets can be produced by utilizing a grinding machine that can crush the maize & soya bean meal or other ingredients into a fine powder; then, the fine powder can further mix with the wheat bran, bone meal, microelement, vitamin, and other raw materials to make the complete feed mesh.

Global Animal Feed Market, by Form– 2018 and 2027

Global Animal Feed Market, by Form– 2018 and 2027

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Livestock Insights

The animal feed market, based on livestock, is segmented into poultry, ruminants, swine, aquaculture, and others. Poultry segment held the largest share in 2018. Poultry is domesticated birds utilized for farming by humans for their eggs & their meat. These birds typically belong to the members of the superorder Galloanserae, including chickens, duck, geese, quails, turkeys, and others. Poultry feed is basically food for farm poultry, including ducks, geese, chickens, and other domestic birds. The common ingredients utilized in poultry feed are whole maize, maize germ, soya beans, cottonseed cake, sunflower, or fish meal. In addition to that, farmers add several feed additives such as micronutrients, minerals, and vitamins to ensure their chicken has a balanced feed that meets their daily nutrient requirements. Since farming became more specialized, many farmers prefer to provide nutritionally complete poultry feed to the poultry. Modern poultry feeds are mainly prepared of grain, protein supplements like soybean oil meal, mineral supplements, as well as vitamin supplements.

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Animal Feed Market: Strategic Insights

animal-feed-market
Market Size Value inUS$ 406,640.10 Million in 2018
Market Size Value byUS$ 548,936.55 Million by 2027
Growth rateCAGR of 3.3% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the animal feed market have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the global animal feed market to help players develop effective long-term strategies
  • Business growth strategies adopted by companies in developed and developing markets
  • Quantitative analysis of the global animal feed market from 2017 to 2027
  • Estimation of global animal feed demand generated by various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the animal feed ecosystem
  • Recent developments to understand the competitive market scenario and global animal feed demand
  • Market trends and outlook, coupled with factors driving and restraining the growth of the global animal feed market
  • Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the animal feed market growth globally
  • Global animal feed market size at various nodes of the market
  • Detailed overview and segmentation of the global animal feed market, as well as the animal feed industry dynamics
  • Global animal feed market size in various regions with promising growth opportunities

Animal Feed Market – By Form

  • Pellets
  • Crumbles
  • Mash
  • Others

Animal Feed Market – By Livestock

  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Others

Company Profiles

  • Archer Daniels Midland Co.
  • Cargill Inc.
  • Evonik Industries AG
  • ForFarmers NV
  • Land O'Lakes, Inc.
  • Guangdong Haid Group Co. Ltd
  • New Hope Group Co. Ltd
  • Nutreco NV
  • Perdue Farms, Inc.
  • Charoen Pokphand Foods Plc
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Form ; Livestock ; and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global animal feed market?

The major players operating in the global animal feed market are Archer Daniels Midland Co., Cargill Inc., Charoen Pokphand Foods Plc., Evonik Industries AG, ForFarmers NV, Guangdong HAID Group Co., Ltd., Land O'Lakes, Inc., New Hope Group Co. Ltd., Nutreco NV and Perdue Farms Inc. among many others.

In 2018, which region held the largest share of the global animal fed market?

Ans. In 2018, the animal feed market was predominant in Asia-Pacific at the global level. Expansion and diversification of variety of animal feed along with improved ways to boost the sales and distribution of animal feed such as retail shops, supermarkets, online and direct distribution channels are the major factors driving the growth of the market. The Asia Pacific has become a lucrative region which has witnessed an increase in the investment related to high quality animal feed products in different forms. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for healthy food products for their pets and animals. Moreover, rising concerns about healthy food due to the overweight, as well as a high prevalence of diseases amongst the animal population has forced the manufacturer to adopt high-quality products in this region. The region encompasses an ample amount of opportunities for the growth of the animal feed market. Further, the shift in consumer living standards has propelled the pet owners to maintain and uplift the health of their pets which is expected to lead to the growth of this market in the region.

Based on form, why is the pellets segment expected to grow at the highest rate during 2019-2027?

The growth of the pellets segment is primarily attributed to the ability of pellets to get digested, absorbed, and conserved better by these livestock. Pellets is easier to store & transport than traditional roughage. Generally, livestock feed pellets have four kinds, such as pure forage (grass) feed pellets, complete diet feed pellets, concentrated feed pellets, and premix feed pellets. Feed pellets can be produced by using a grinding machine that can crush the maize & soya bean meal or any other ingredient into a fine powder; then the fine powder can mix with the wheat bran, bone meal, microelement, vitamin, and other raw materials to make the complete feed mesh. By using different animal feed machine, the mesh is made into feed pellets. Cattle feed pellet is produced by feed pellet mill through great pressure. This kind of pallet can be feed to oxen, cows, goats, sheep, and others. Cattle feed pellets can be prepared from oil-cake, agro-residues such as peanut seeding, grass, maize straw, wheat straw, grain, and others.

The List of Companies - Animal Feed Market

  1. Archer Daniels Midland Co
  2. Cargill Inc
  3. Charoen Pokphand Foods Plc
  4. Evonik Industries AG
  5. ForFarmers N.V.
  6. Guangdong Haid Group Co. Ltd
  7. Land O'Lakes, Inc
  8. New Hope Group Co. Ltd
  9. NUTRECO NV
  10. Perdue Farms, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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