Animal feed is food given to domestic animals in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word "feed" more often refers to fodder.
Market Analysis and Insights: Global Feed Ingredient Market
Due to the COVID-19 pandemic, the global Feed Ingredient market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Corn accounting for % of the Feed Ingredient global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Chickens segment is altered to an % CAGR throughout this forecast period.
Global maize, wheat and soybean production have increased significantly over the recent past, largely driven by increasing demand from both food and animal feed industries. The QYR forecasts 2018 global maize usage in animal feed industry at 489.4 million tonnes, up by 3% from the previous season and the highest level in more than a decade.
Global Feed Ingredient Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Global Feed Ingredient Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Corn
- Soybean Meal
- Wheat
- Fishmeal
- Others
Segment by Application
- Chickens
- Pigs
- Cattle
- Fish
- Other
By Company
- Cargill
- ADM
- COFCO
- Bunge
- Louis Dreyfus
- Wilmar International
- Beidahuang Group
- Ingredion Incorporated
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
