Food And Beverages

Global Animal Food Market Size, Forecasts, And Opportunities

December 17, 2021December 17, 2021 by The Business Research Company

Learn about the global animal food market through The Business Research Company, which provides information on animal food market size, animal food market drivers and restraints, animal food market players, the COVID-19 impact on the animal food market, and more.

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The global animal food market is expected to grow from $233.79 billion in 2020 to $243.09 billion in 2021 at a compound annual growth rate (CAGR) of 4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $316.04 billion in 2025 at a CAGR of 7%.

Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

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The animal food market consists of sales of animal foods by entities (organizations, sole traders and partnerships) that produce animal food (except dog and cat food and cattle feed), such as fish food, livestock feeds, poultry feeds, bird feeds, earthworm food, rabbit food and others.

Global animal food market segments include:

By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global animal food market, accounting for 38% of the market in 2020.

Subsegments Covered: Cereal, Oilseed Meal, Molasses, Fish Oil And Fish Meal, Supplements, Other Ingredients Prawn Feed, Fish Feed, Other Aqua Feed

Growing awareness among cattle farmers and pet owners about the advantages of probiotics for animal health is leading to the increased use of probiotics in the animal feed for farm animals like cattle, horse, ruminants and poultry. The increasing advancements in molecular biology and gene sequencing are allowing researchers to dig deep for finding new probiotic applications for animals, in feed and consumer packaged health products. The significant rise in adoption of probiotics in the animal feed for farm animals has shown beneficial results in terms of animal performance, digestion and immune system.

TBRC’s animal food market report covers:

Major Market Players: Chomp, Newman’s Own Organic, BilJac Foods Inc., Annamaet PetFoods, Bell Rock Growers Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Animal Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides animal food market overviews, analyzes and forecasts market size, share, animal food market players, animal food market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s animal food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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