Feed Ingredient Market is estimated to be US$ 117.85 billion in 2030 at a CAGR 13.1% during the forecast period

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Published Date: May 2023

The feed ingredient market accounted for US$ 34.74 billion in 2020 and is estimated to be US$ 117.85 billion by 2030 and is anticipated to register a CAGR of 13.1%. Animal feed is food given to livestock, especially livestock, within the course of farming. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder. Animal feed is a crucial input to animal agriculture, and is usually the most cost of the raising animals. Farms typically attempt to reduce cost for this food, by growing their own, grazing animals, or supplementing expensive feeds with substitutes, like garbage like spent grain from beer brewing. Animal wellbeing is very hooked in to feed that reflects a well-balanced nutrition. Some modern agricultural practices, like fattening cows on grains or in feed lots, have detrimental effects on the environment and animals. For instance, increased corn or other grain in feed for cows, makes their micro biomes more acidic weakening their immune systems and making cows a more likely vector for E.coli.

The report " Global Feed Ingredient Market, By Type (Corn, Soybean Meal, Wheat, and Fishmeal), By Application (Chickens, Pigs, Cattle, and Fish), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

In 2021, York Ag, a dynamic supplier of holistic ingredient solutions that optimize animal well-being, launched its new and revitalized website www.yorkag.com. This new website will provide an in-depth overview of their products, capabilities, and history as a feed supplement supplier to the animal nutrition industry.
In 2016, PROPLEX DY, a new product launched by ADM Animal Nutrition at World Pork Expo, offers a source of digestible amino acids that can improve returns on their feed investment, while reducing reliance on expensive and/or variable protein products.

Analyst View:

The increasing trend of adoption of including milk and meat per individual is rising the demand for the market. The demand growth is driven mainly by increase, whereas they're now increasingly fuelled by rising per capita milk consumption in developing countries. The factors like continued use of fishmeal and animal oil as major dietary animal protein, terrestrial animal protein meals and oils as dietary nutrient sources. The market is experiencing and increased competition among players. The nutritional need of livestock is well understood and is augmented by direct supplementation of nutrients in controlled and concentrated form.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Feed Ingredient Market, By Type (Corn, Soybean Meal, Wheat, and Fishmeal), By Application (Chickens, Pigs, Cattle, and Fish), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

The global feed ingredient market accounted for US$ 34.74 billion in 2020 and is estimated to be US$ 117.85 billion by 2030 and is anticipated to register a CAGR of 13.1%. The global feed ingredient market report segments the market on the basis of type, application, and region.

By Type, the market is segmented into Corn, Soybean Meal, Wheat, and Fishmeal.
By Application, the market is segmented into Chickens, Pigs, Cattle, and Fish.
By Region, the Global Feed Ingredient Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

Some of the prominent players operating in the Global Feed Ingredient Market include Cargill Corporation, The Archer Daniels Midland Company, China Oil and Food Corporation, Bunge Limited, Louis Dreyfus Company B.V., Wilmar International Limited, Beidahuang Group and Ingredion Incorporated.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning.
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.