The animal feed market which was growing at a value of 140744.14 million in 2021 and is expected to reach the value of USD 201689.74 million by 2029, at a CAGR of 4.6% during the forecast period of 2022 to 2029.
Market Analysis and Size
To meet the needs of changing population diet patterns, livestock production has increased in several countries around the world, particularly in developing markets. The livestock sector in the Asia-Pacific market, particularly in Asia-Pacific, is becoming increasingly industrial, despite the fact that a large number of farmers in countries such as India and China remain small and marginal.
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Data Bridge Market Research analyses that the animal feed market which was growing at a value of 140744.14 million in 2021 and is expected to reach the value of USD 201689.74 million by 2029, at a CAGR of 4.6% during the forecast period of 2022 to 2029.
Market Definition
Animal feed is a nutritious food with high levels of proteins, minerals, and vitamins that is given to livestock, farm, and aquatic animals. It is primarily consumed by domestic animals in the form of fodder, hay, silage, pelleted feeds, oilseeds, sprouted grains, and forage, among other things. Animal feed is an important component of animal rearing, and it varies depending on whether the animals are raised for meat, eggs, or milk.
Asia-Pacific Animal Feed Market Scope
The animal feed market is segmented on the basis of type, livestock and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Amino acid
• Minerals
• Vitamins
• Acidifiers
• Mycotoxin detoxifiers
• Enzymes
• Phosphate
• Carotenoids
• Antioxidants
• Flavors & sweeteners
• Antibiotics
• Non-protein nitrogen
• Others
• Based on type, the market is segmented into amino acids, minerals, vitamins, acidifiers, mycotoxin detoxifiers, enzymes, phosphate, carotenoids, antioxidants, flavors & sweeteners, antibiotics, non-protein nitrogen and others.
• Livestock
• Swine
• Poultry
• Ruminants
• Aquatic animals
• Others
• Based on livestock, the market is segmented into swine, poultry, ruminants, aquatic animals and others.
• Form
• Dry
• Liquid
• Based on form, the market is segmented into dry and liquid.
Animal Feed Market Regional Analysis/Insights
The animal feed market is analysed and market size insights and trends are provided by country, type, livestock and form as referenced above.
The countries covered in the animal feed market report are China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Philippines, Malaysia and Rest of Asia-Pacific.
Asia accounts for roughly half of Asia-Pacific output and is the most important market for pork consumption and production. Due to the high consumption of pork meat, the Asia-Pacific region is the largest market for animal feed products. Southeast Asia is the world's largest producer and exporter of pork. China is the most important market for pork producers, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Pork consumption markets in Japan, South Korea, and Taiwan are saturated, whereas Vietnam and the Philippines are emerging.
Competitive Landscape and Animal Feed Market Share Analysis
The animal feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company's focus related to animal feed market.
Some of the major players operating in the animal feed market are:
• CHR. Hansen Holdings A/S (Denmark)
• Lallemand Inc. (Canada)
• Novus International (U.S)
• DSM (Netherlands)
• BASF SE (Germany)
• Alltech (US)
• ADM (U.S)
• Charoen Popkphand Foods PCL (Thailand)
• Associated British Foods Plc (U.K)
• Cargill Incorporated (U.S)
• Purina Animal Nutrition LLC (US)
• Zinpro Corp (US)
• Dallas Keith (UK)
• Balchem Inc., (US)
• Kemin Industries, Inc. (US)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Animal Feed Market
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https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-animal-f...
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