Animal Feed Market– Global Industry Analysis and Forecast to 2019 to 2027
Animal
Feed Market to 2027 – COVID 19 Impact and Global Analysis - By Form
(Pellets, Crumbles, Mash, Others); Livestock (Poultry, Ruminants, Swine,
Aquaculture, Others); and Geography. Animal feed is the food grown to nourish poultry and livestock.
Animal feed is produced by selecting and blending feed ingredients to offer
nutritious diets that promote the health of animals and improve the quality of
end products such as milk, wool, eggs, and meat. Animal feeds can be broadly
groped as concentrates or roughages. Concentrates include high in energy value
food sources including fats, cereal grains, high-protein oil meals or cakes,
by-products from processing of sugarcane, sugar beets, animals, fish, and
others. While roughages include hays, straw, silage, root crops, pasture
grasses, stover (cornstalks), and others. The rising demand for animal origin
protein has led to the intensification of livestock production chiefly based on
the uses of industrial compound feed. Animal feed costs vary widely from season
to season and it is often possible for producers to realize substantial savings
through wise selection of the feed ingredients used to formulate complete diets.
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Industrial livestock production
has undergone substantial transformation owing to technological advancements in
animal vaccinations and antibiotics. According to the Food and Agriculture
Organization (FAO) more than half of the world's pork and poultry, one-tenth of
its beef and mutton and more than two-thirds of its egg supply have originated
from industrial livestock production. The development of industrial livestock
production across the globe has led to significant demand for highly nutritious
animal feed products. The surge in the industrial production of mutton, beef,
pork, and poultry over grazing and mixed farming has necessitated the demand
for high grade animal feed products. Industrial livestock production has
ensured high volume of meat production at low cost by taking advantage of
economies of scales. The availability of dairy and meat products at low prices
has led to an increase in the consumption and thereby contributed to the growth
of the industrial livestock production industry. The robust growth witnessed by
the industrial livestock production sector has spurred the demand for high
quality animal feeds used in rearing a range of livestock including cattle,
swine, goats, chicken, fish, shrimps, etc. The crucial role played by
industrial livestock production in meeting the nutritional requirement of
humans across the world has led to the proliferation of industrial livestock
farms across the world and augmented the sales of animal feeds.
The market for global animal feed
is concentrated with some very well-established players. Archer Daniels Midland
Co., Cargill Inc., Evonik Industries AG, ForFarmers N.V., and Land O'Lakes,
Inc., Guangdong Haid Group Co. Ltd, New Hope Group Co. Ltd, Nutreco NV, and
Perdue Farms, Inc. are some of the major key players operating in the global
animal feed market.
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