Global Animal Food Market Size, Status and Forecast 2020-2023
The Animal Food Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global animal food market is expected to grow from $231.8 billion in 2019 to $239.8 billion in 2020 at a compound annual growth rate (CAGR) of 3.5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $299.8 billion in 2023.
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Scope of the Report:
1) By Type: Poultry Feed; Cattle Feed; Aquaculture Feed; Other Animal Food
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
3) By Ingredients: Cereal; Oilseed Meal; Supplements; Other Ingredients
Subsegments Covered: Cereal; Oilseed Meal; Molasses; Fish Oil And Fish Meal; Supplements; Other Ingredients; Grains; Brans; Others – Cattle Feed; Prawn Feed; Fish Feed; Other Aqua Feed
Companies Mentioned: Chomp; Newman’s Own Organic; BilJac Foods Inc.; Annamaet PetFoods; Bell Rock Growers Inc.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Animal Food indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Asia Pacific was the largest region in the global animal food market, accounting for 38% of the market in 2019. Western Europe was the second largest region accounting for 25% of the global animal food market. Africa was the smallest region in the global animal food market.
Companies in the animal foods industry are increasingly producing bio-based/natural inputs including insect-based food using feed technology that supports health and vigor of the animal population. These bio-based feeds are natural, safe and of high quality, uphold high standards of care and nutrition for animals and optimize their production. For instance, in October 2017, a biotech company, InnovaFeed partnered with Tereos to produce a new source of proteins derived from the breeding of insects to meet the growing requirements of the animal feed sector
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.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Animal Food Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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