Lucintel Forecasts The Global Animal Feed Market To Reach $996 Billion By 2035

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global animal feed market looks promising with opportunities in the antibiotic, vitamin, antioxidant, amino acid, feed enzyme, and feed acidifier markets. The global animal feed market is expected to reach an estimated $996 billion by 2035 from $684 billion in 2027 with a CAGR of 4.5% from 2027 to 2035. The major drivers for this market are the increasing livestock production boosting feed demand, the rising meat consumption driving feed usage, and the growing focus on animal nutrition efficiency.
A more than 150-page report to understand trends, opportunity and forecast in global animal feed market to 2035 by species (poultry, cattle, swine, aqua, and pet), additives (antibiotics, vitamins, antioxidants, amino acid, feed enzymes, feed acidifiers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the species category, poultry will remain the largest segment over the forecast period due to increasing poultry consumption and rising meat production demand.
Within the additives category, ...
... amino acid will remain the largest segment over the forecast period due to growing animal nutrition requirements.
Download sample by clicking on animal feed market.
In terms of regions, APAC is expected to witness the highest growth over the forecast period due to expanding poultry industry and increasing feed consumption.
Archer Daniels Midland Company, BASF SE, Land O’Lakes Purina, Nutreco N.V. (Trouw Nutrition), Cargill Inc., Kemin Industries, Inc., ANOVA Group, ADM, Chr. Hansen Holding, Alltech, Inc. are the major suppliers in the animal feed market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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