![Global Animal Feed Market](https://res.cloudinary.com/devmoveo/image/upload/v1706020287/skyquest/report/phpZtvSxT.jpg)
Report ID: SQMIG30H2033
Report ID:
SQMIG30H2033 |
Region:
Global |
Published Date: July, 2024
Pages:
255
|
Tables:
99 |
Figures:
76
Global Animal Feed Market size was valued at USD 551.21 billion in 2022 and is expected to rise from USD 570.5 billion in 2023 to reach a value of USD 751.24 billion by 2031, at a CAGR of 3.50% during the forecast period (2024–2031).
Animal feed is an important source of nutrients for animals. Growing awareness regarding animal health and surging demand for animal protein are forecasted to bolster the demand for animal feed over the coming years. Rapidly expanding livestock population and growing pet ownership are also expected to create new opportunities for animal feed companies going forward. Adoption of sustainable farming practices will also generate lucrative business for animal feed suppliers across the study period. Rapidly expanding global population and advancements in the field of animal nutrition are also predicted to govern the global animal feed demand outlook in the future. Asia Pacific and Europe are expected to be the most opportune markets for animal feed companies in the long run owing to presence of a huge animal population in these regions. Rising awareness regarding benefits of animal feed is also expected to boost market development going forward. On the contrary, fluctuations in raw material pricing, growing competition from plant-based animal feed, and supply chain disruptions are anticipated to impede animal feed market growth potential over the coming years.
US Animal Feed Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30H2033