Global Animal Feed Market to Surpass $1 Trillion by 2031,

"Global Animal Feed Market to Surpass $1 Trillion by 2031 J

Animal Feed Market 2024-2031 Meticulous Research , a leading authority in global market intelligence, has recently published an in-depth report titled Animal Feed Market Size, Share, Forecast, & Trends Analysis by Type (Compound Feed, Roughages), Source (Plant, Animal, Novel), Form (Dry (Pellets), Wet), Animal Type (Poultry, Ruminants, Swine, Aquaculture) - Global Forecast to 2031. The report projects the global animal feed market to achieve a valuation of $1,008.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. In terms of volume, the market is anticipated to reach 2,965 million tons by the same year, exhibiting a CAGR of 3.1% over the forecast period. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5393?utm_source=article&utm_medium=social&utm_campaign =product&utm_content=18-09-2024 Market Drivers The accelerating commercialization of the global livestock industry, coupled with surging consumer demand for animal-based products, is fueling the growth of the animal feed market. As the livestock sector expands, animal feed formulations are becoming more specialized, with an increasing focus on nutrition optimization to support animal health and productivity. The report also highlights significant investments in research and development (R&D) aimed at advancing feed formulations to improve efficiency and sustainability. However, the fluctuating costs of raw materials pose challenges to market growth, impacting profitability for feed manufacturers. Despite this, the growing awareness surrounding animal health and nutrition opens up promising opportunities for industry stakeholders. Key Market Players The animal feed market is highly competitive, with leading players continually innovating to gain a competitive edge. Some of the prominent companies shaping the market landscape include: Charoen Pokphand Foods PCL (Thailand) New Hope Liuhe Co., Ltd. (China) Cargill, Incorporated (U.S.) Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Animal Feed Market 2024-2031 Brf S.A. (Brazil) Tyson Foods, Inc. (U.S.) Nutreco N.V. (Netherlands) Archer-Daniels-Midland Company (U.S.) Alltech Inc. (U.S.) ForFarmers N.V. (Netherlands) De Heus Animal Nutrition (Netherlands) Royal Agrifirm Group (Netherlands) Guangdong HAID Group Co., Ltd. (China) Segment Insights The report provides a comprehensive breakdown of the global animal feed market by type, source, form, animal type, and region. By Type: The market is segmented into compound feed, feed concentrates, and roughages. In 2024, compound feed is projected to dominate the market, accounting for 71.8% of the total market share. This dominance is largely due to the higher prices of compound feeds and their increasing adoption among commercial livestock farmers and pet owners seeking optimized nutrition for animals. The feed concentrates segment, however, is expected to experience the highest growth, registering a CAGR of 5.4% during the forecast period. By Source: Plant-based feed will continue to lead the market, holding a 69.9% share in 2024. The widespread availability and affordability of plant-based raw materials, combined with consumer acceptance of plant-based feed, drive this segment s growth. Novel feed sources are forecast to grow at a CAGR of 6.0%, driven by the need for new protein alternatives to meet increasing global demand. By Form:The dry feed segment will command the lion s share of the market, representing 92.7% in 2024. Dry feed is preferred due to its convenience, longer Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Animal Feed Market 2024-2031 shelf life, lower cost, and ease of handling. The segment s anticipated growth at a CAGR of 4.8% is fueled by rising demand from the poultry sector and the expanding livestock production industry. By Animal Type: Poultry remains the dominant consumer of animal feed, accounting for 32.9% of the market share in 2024. The popularity of poultry products, lower cost of production, and expanding poultry operations worldwide are key drivers. The demand for poultry feed is expected to rise, supported by consumer preferences for white meat over red meat. Regional Outlook Asia-Pacific will remain the largest regional market, projected to capture 39.2% of the global animal feed market share in 2024, with a valuation of USD 286.2 billion. The region s dominance is driven by high meat consumption rates, a growing population, significant livestock farming activities, and the presence of major feed manufacturers. Additionally, increasing milk production and the strong demand for dairy products in this region further contribute to market growth. Future Prospects The animal feed industry is positioned for significant advancements, with innovations in feed technology and the exploration of novel ingredients offering new growth avenues. Companies are focusing on delivering high-quality, nutrient-rich feeds to meet the evolving needs of the livestock industry and global food security challenges. Quick Buy @ https://www.meticulousresearch.com/product/animal-feed- market- 5393?utm_source=article&utm_medium=social&utm_campaign=product&utm _content=18-09-2024 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Page 3 of 4 Meticulous Research| sales@meticulousresearch.com

Animal Feed Market 2024-2031 The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 4 of 4 Meticulous Research| sales@meticulousresearch.com