The Animal Feed Market is projected to reach $961.2 billion by 2030, at a CAGR of 4.6% during the forecast period 2023–2030. The growth of this market is driven by the increasing commercialization of the livestock sector, the rising demand for animal-based products, and the growing focus on research & development in the animal feed sector. However, fluctuating raw material prices restrain the growth of this market. Additionally, the growing awareness about animal health is expected to generate growth opportunities for the players in this market. Here are the top 10 companies operating in the Animal Feed Market
Key Highlights:
- Projected Growth: The Animal Feed Market is anticipated to achieve a substantial valuation of $961.2 billion by 2030, boasting a 4.6% Compound Annual Growth Rate (CAGR) during the forecast period from 2023 to 2030.
- Market Drivers: The market's expansion is attributed to the increasing commercialization of the livestock sector, rising demand for animal-based products, and substantial research and development focus in the animal feed sector.
- Challenges and Opportunities: Fluctuations in raw material prices pose a challenge, but the growing awareness about animal health is expected to offer lucrative opportunities for market players.
Top 10 Companies Leading the Market: https://meticulousblog.org/top-10-companies-in-animal-feed-market/
- Charoen Pokphand Foods PCL (Thailand): Engaged in R&D, manufacturing, and distribution of agro-industrial and food products, focusing on animal feed across diverse geographical locations.
- New Hope Liuhe Co., Ltd. (China): Specializes in animal feed, livestock breeding, and food processing, operating in 21 countries globally.
- Cargill, Incorporated (U.S.): Offers animal feed products under various brands across more than 125 countries, with a focus on swine, poultry, aquaculture, and other animals.
- Nutreco N.V. (Netherlands): Provides nutritional products and services for animal nutrition and fish feed through its divisions, Skretting and Trouw Nutrition, reaching over 90 countries.
- Archer-Daniels-Midland Company (U.S.): A major player in animal feed through its Nutrition segment, serving a global presence across various segments.
- Alltech Inc. (U.S.): Offers nutrition products for various animals, operating across North America, the Middle East & Africa, Europe, Asia-Pacific, and Latin America.
- ForFarmers N.V. (Netherlands): Produces innovative feed solutions for conventional and organic livestock farming, primarily in Europe.
- De Heus Animal Nutrition (Netherlands): Engaged in feed production, research, consulting, and business services, with a global presence in over 20 countries.
- Royal Agrifirm Group (Netherlands): Provides animal feeds and customized premixes, serving poultry, ruminants, pigs, and pet animals across multiple continents.
- Guangdong HAID Group Co., Ltd. (China): Specializes in feed products for aquatic animals, pigs, and poultry, operating across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Insights from Meticulous Research:
- Market Prediction: Meticulous Research forecasts a growth rate of 4.6% during the forecast period of 2023-2030, as per their latest publication on the Animal Feed Market.
Meticulous Research Report:
- For a comprehensive understanding, detailed analysis, and insights into the companies' financial performance, key products, strategies, partnerships, and acquisitions, refer to Meticulous Research®’s extensive report on the Animal Feed Market.
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Meticulous Research provides in-depth analysis, global market size estimates, revenue numbers, market share analysis, and coverage of key trends in its comprehensive report on the Animal Feed Market - Global Opportunity Analysis and Industry Forecast (2023-2030).
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