Scope of the Study
The global Animal Feed market is expected to witness high demand in the forecasted period due to growing meat consumption coupled with a recent outbreak of diseases, which has generated the need for additives in poultry, aqua, and other animal-based products. Animal feed is food given to domestic animals in the course of animal husbandry. Animal feed is food given to domestic animals in the course of animal husbandry.
The market study is being classified by Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Amino Acids, Vitamins, Minerals and Others) and major geographies with country level break-up.
Adisseo France S.A.S. (France), Ajinomoto Co., Inc. (Japan), Archer Daniel Midland (ADM) (United States), BASF SE (Germany), Biomin Holdings Gmbh (Austria), Cargill (United States), Chr. Hansen (Denmark), Danisco (DuPont Danisco Animal Nutrition) (Denmark), DSM (Netherlands) and Elanco Animal Health (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Evonik Industries (Germany), Kemin Industries, Inc. (United States), Novozymes (Denmark), Novus International Inc. (United States), Nutreco N.V. (Netherlands) and Covington & Burling LLP (United States).
The market is highly fragmented in nature with the presence of established players. Also, they are involved in continuous R&D activities to develop new products as well as are focused on expanding the product portfolio. This is expected to intensify competition and pose a potential threat to the new market entrants. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Animal Feed market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Animal Feed market by Type, Application and Region.
On the basis of geography, the market of Animal Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing demand for animal-based products among humans
- The inclusion of antibiotics in animal feed promotes growth and prevents the occurrence of diseases
- The growing momentum of proponents of natural growth
- Increase in cattle farming is likely to result in increased animal feed demand
- The government stringent regulation regarding the Animal feed
- The increasing popularity of meat and meat-related products and rising health problems in animals
- High demand due to increasing investments in research and development (R&D) for improving food fortification processes
- Europe has introduced rules to limit the usage of antibiotics, which is intended for food-producing animals
FDA's Center for Veterinary Medicine (CVM) is responsible for the regulation of animal food (feed) products.
Key Target AudienceAnimal Feed Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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