Animal Feed Ingredients Market

Animal Feed Ingredients Market was valued at USD 170 Billion in 2019 and expected to grow at 5.8% CAGR during the forecast period.

The animal feed includes the food given to domestic animals in the animal husbandry. The animal feed ingredients improve the intake capacity of animals. It also increases the quantity and quality of animal husbandry. Animal feed ingredients are a good source of amino acids, vitamins, antioxidants, minerals, and other important sources that enhances the overall growth and development of animals. Animal feed ingredients include various additives such as starches, fats/oils, ground meal, fibers, and others that are fed in the poultry farms to the aquatic animals and play a vital role in keeping the pets and birds healthy.

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Growing awareness regarding the nutritional benefits of ingredients is one of the key factors driving the growth of the global animal feed ingredients market. The other factors supporting the market growth are increasing disposable income, along with the growing demand for meat and meat products. Moreover, the rising livestock and consumption of animal-derived products will further boost the demand for the global animal feed ingredients market. The increasing purchasing power and the high nutritional value of the food product derived by animals will surge the demand for the global animal feed ingredients market. In addition to this, an increase in livestock production coupled with the rising meat consumption, will further propel the global animal feed ingredients market during the forecast period. However, the rising price of raw materials required to make animal feed ingredients may hamper the growth of the global animal feed ingredients market.

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Based on the source, Oilseed segment is projected to increase at higher CAGR over the forecast period due to the increasing oilseed meal consumption among consumers. Moreover, oilseed is used in various applications, including poultry, cattle, swine, and chicken feeds which helps in improving overall health, performance, and productivity of animals, thereby creating demand for oilseed segment across the globe.

Based on the livestock, Poultry segment is expected to grow at a faster CAGR rate during the forecast period owing to the growing demand for protein-rich products among consumers. Increasing consumer preference for the poultry-based products will further drive the market growth. In addition to this, poultry products are highly digestible and help in improving the immunity of people which will further increase the demand for poultry segment.

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Based on the region, Asia-Pacific is anticipated to dominate the global animal feed ingredients owing to the rapid urbanization and the increasing per capita consumption of meat among consumers. In addition to this, India and China region is expected to witness strong demand due to the modernization and the rising consumption of protein-rich food products among the population. Increasing investment and the launch of new products by major players will further enhance the market growth in this region.

Various notable players operating in the market, include Cargill, Incorporated, Archer Daniels Midland Company, Bunge Limited, Beidahuang Group, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Ingredion Incorporated, Phibro Animal Health Corporation, Darling Ingredients, and BASF SE, among others.

Key Developments:

• • In 2019, Archer Daniels Midland Company completed its acquisition of Neovia that will increase the animal nutrition business of ADM company.
  • In 2019, BASF SE introduced new phytase Natuphos E for the feed industry in Indonesia. This will help to promote the healthy growth of animals and also reduces phosphorus emissions from livestock.
  • In 2018, BASF SE launched its Lucantin NXT product line for animal nutrition to deliver longer shelf-life, homogeneity and outstanding stability.

The global animal feed ingredients market has been segmented on the basis of source, livestock and key regions. Based on source, the market is segmented into cereals, corn, oilseeds, soybeans and others. Based on livestock, the market is segmented into poultry, swine, cattle, aquaculture, and others.

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Key questions answered in this research report:

• • At what pace is global animal feed ingredients market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global animal feed ingredients market?
  • Which livestock generated maximum revenues in 2019 and identify the most promising livestock during the forecast period?
  • What are the various sources of global animal feed ingredients market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Animal Feed Ingredients Market by Source

• • Cereals
  • Corn
  • Oilseeds
  • Soybeans
  • Others

Global Animal Feed Ingredients Market by Livestock

• • Poultry
    • Broiler
    • Layer
    • Turkey
    • Others
  • Swine
    • Starter
    • Grower
    • Sow
  • Cattle
    • Dairy
    • Calf
    • Other
  • Aquaculture
    • Salmon
    • Trouts
    • Shrimps
    • Carp
    • Others
  • Others

Global Animal Feed Ingredients Market by Region

• • North America Animal Feed Ingredients Market (Option 1: As a part of the free 25% customization)
    • North America Animal Feed Ingredients Market by Source
    • North America Animal Feed Ingredients Market by Livestock
    • US Animal Feed Ingredients Market All-Up
    • Canada Animal Feed Ingredients Market All-Up
  • Europe Animal Feed Ingredients Market (Option 2: As a part of the free 25% customization)
    • Europe Animal Feed Ingredients Market by Source
    • Europe Animal Feed Ingredients Market by Livestock
    • UK Animal Feed Ingredients Market All-Up
    • Germany Animal Feed Ingredients Market All-Up
    • France Animal Feed Ingredients Market All-Up
    • Spain Animal Feed Ingredients Market All-Up
    • Rest of Europe Animal Feed Ingredients Market All-Up
  • Asia-Pacific Animal Feed Ingredients Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Animal Feed Ingredients Market by Source
    • Asia-Pacific Animal Feed Ingredients Market by Livestock
    • China Animal Feed Ingredients Market All-Up
    • India Animal Feed Ingredients Market All-Up
    • Japan Animal Feed Ingredients Market All-Up
    • Rest of APAC Animal Feed Ingredients Market All-Up
  • RoW Animal Feed Ingredients Market (Option 4: As a part of the free 25% customization)
    • RoW Animal Feed Ingredients Market by Source
    • RoW Animal Feed Ingredients Market by Livestock
    • Brazil Animal Feed Ingredients Market All-Up
    • South Africa Animal Feed Ingredients Market All-Up
    • Saudi Arabia Animal Feed Ingredients Market All-Up
    • UAE Animal Feed Ingredients Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Animal Feed Ingredients Market All-Up

Major Players Operating the Animal Feed Ingredients (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Bunge Limited
  • Beidahuang Group
  • Evonik Industries AG
  • Nutreco N.V.
  • Addcon Group
  • Aliphos Belgium S.A.
  • Kemin Industries Inc.
  • Ingredion Incorporated
  • Phibro Animal Health Corporation
  • BASF SE
  • Darling Ingredients