PUBLISHER: DataM Intelligence | PRODUCT CODE: 1455749
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1455749
Global Animal Feed Ingredients Market - 2023-2030
Overview
Global Animal Feed Ingredients Market reached US$ 120.54 billion in 2022 and is expected to reach US$ 197.99 billion by 2030, growing with a CAGR of 6.4% during the forecast period 2023-2030.
Feed manufacturers focus on producing better feed for animals to reduce feed wastage. Inducing nutritious and tasty feed ingredients increases the feed value and can help manage feed wastage. Various sources such as cereal grains, vegetables and fats are used to produce feed that can provide energy, proteins and other nutrients required for animals to improve their metabolism.
Increased acceptance and authorization of various feed ingredients in feed production positively increase the market expansion. For instance, in July 2023, IFF's business unit, Danisco Animal Nutrition & Health, authorised Axtra PHY GOLD, its phytase enzyme that can be used in swine and poultry.
Manufacturers focused on producing plant-based and organic feed ingredients to produce proper feed for livestock such as poultry, cattle and swine. With the increased demand for healthy feed for animals, there are, many feed-producing mills and ingredient industries coming into existence. Some of the regions are vigorously achieving greater feed mills. For instance, Asia-Pacific has around 25.4 % of global feed mills.
Dynamics
Growing Demand for Nutritious Feed Ingredients
Nutritious feed ingredients are needed to produce a healthy feed for animals. Every animal has its own feed requirements for their growth and metabolism. Feed manufacturers develop animal feed with various ingredients that help improve the overall enhancement of animal feed. The nutritional value of feed is increased by inducing various feed additives and supplements derived from natural sources.
New launches from manufacturers with various feed ingredients fuel the market growth. In September 2022, Cargill announced the launch of Neochicc, a new mini-pellet chick feed that helps promote chick start in the first 120 hours of its life. The product comprises essential nutritious ingredients such as proteins, fat and starch. The highly digestible ingredients are feed additives to enhance the ultimate nutrient digestibility.
Rising Demand for Animal Based Products
Animal-based products such as milk, meat and eggs provide all essential nutrients required by the human body. The higher protein range of animal-based products makes it a finer choice for people. For instance, 100 g of chicken breast provides 30.9 g of protein. The greater nutrient content of eggs makes it a wholesome food and a multivitamin product.
The higher nutrient content of animal foods drives the demand for the production of healthier livestock. According to OECD-FAO Agricultural Outlook 2022-2031, world meat production rose by 5% in 2021. All the animals used to produce human food need to be supplemented with healthy nutrients to produce a good diet for humans.
Increasing Veganism
Increasing consumer knowledge regarding the negative impact of animal-based diet patterns on human health and the environment motivates people to adopt plant-based products. Health-conscious consumers prefer plant-based protein-based rather than animal-based due to their lower calories, fats and cholesterol amounts. The rising demand for plant-based food products may leave animals behind, causing less demand for feed and feed ingredients.
The World Animal Foundation estimates that there are approximately 88 million vegans worldwide. According to the World Population Review, 9% of the Indian population will be vegan by 2021. The greater rates of vegan population in developing countries may show a negative impact on the global feed ingredients market as animal products are not valid much, reducing demand for feed and feed ingredients.
Segment Analysis
The global animal feed ingredients market is segmented based on source, ingredient, nutrient, type, animal, nature, form, application and region.
Rising Trend of Organic Products
The global animal feed ingredients market is segmented based on nature into organic and conventional types. The organic type segment is receiving immense popularity, leading to its larger share in the market. Manufacturers are utilising naturally sourced organic ingredients for their feed to develop organic animal-based products. Animal feed without synthetic ingredients makes up a healthy and nutritious feed for animals to produce organic animal products.
Synthetic feed ingredients produce conventional animal products. These chemicals may have adverse effects on human health and the environment. The growing health and environmental awareness among consumers increases the demand for organic products. Consumers are voting for organic animal products such as milk and meat. The rising trend of organic animal food among consumers boosts the organic feed ingredient segment.
Geographical Penetration
More Number of Feeding Animals
The North American feed ingredients market holds the largest regional share due to its larger livestock count and need for a good quantity of feed for those animals. According to the World Animal Foundation 2023, around 913,250 cattle farms are present in U.S. The large number of cattle fields with a huge need for animal feed ingredients to produce feed, drive the market growth.
According to U.S. Department of Agriculture 2022 stats, there were approximately 92 million cows present in U.S., with approximately 14.7 million cattle on feed. The increased number of livestock directly increases high-quality feed to produce healthy and nutritious animal-based products for the consumers positively, affecting the market growth in this region.
North America region has one of the best technological advancements in the world. Use of advanced technology to produce animal feed combining all essential ingredients to improve the quality and efficiency of the feed to boost this region's market. The presence of key market players such as Cargill and Purina helps expand this region's feed ingredients market globally.
Competitive Landscape
The major global players in the market include Cargill, ADM, Evershining Ingredients Company, COFCO, Hamlet Proteins, Bunge, Louis Dreyfus, Wilmar International, Ingredion Incorporated and Sojaprotein.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic moderately impacted the global feed ingredients market. The improper conditions and functionalities in animal husbandry reduced the value of feed and feed ingredients. Livestock care was not given much importance. The improper management of the feed of various livestock had a negative impact on the feed market of the livestock and feed ingredients.
The disruption in the supply chain activities, reduced economic activity in the feed industries. The import and export restrictions halted the production and processing of animal-based products. The livestock subjected to the production of animal-based products, such as milk, eggs, meat and meat products, were also subjected to certain diseases giving rise to greater demand for the producers to take up nutritious feed for animals.
The increased health consciousness among people resulted in the demand for high-quality animal-based products. The growing importance of better quality feed ingredients that are naturally sourced for feed production for high-quality animal products positively affected the market growth. Healthy animals are used for the production of milk, meat and meat products
Russia- Ukraine War Impact
The Russia-Ukraine war had a negative impact on many industrial sectors, including animal feed. War disruption also created an immense impact on the crops and livestock. According to the Cabinet of Ministers of Ukraine, there was about a 20% reduction in the number of pigs in Ukraine. The decreased number of livestock decreased the demand for feed and feed ingredients.
The disruptions in the supply chain activities of the feed and feed ingredients had a major impact on the market. The war created import and export trade disruptions, resulting in economic disturbances. The political and economic uncertainty created due to the war had a negative impact on the feed ingredient market.
By Source
- Corn
- Soybean
- Wheat
- Barley
- Sorghum
- Rye
- Algae
By Ingredient
- Cereal Grains
- Protein Meals
- Vegetables
- Fats & Oils
- Feed Additives
- Others
By Nutrient
- Energy Sources
- Fat Sources
- Protein Sources
- Vitamin & Minerals
- Antibiotic
- Enzymes
- Others
By Type
- Compound Feed
- Fodder
- Forage
- Oilseed Meals
By Animal
- Companion Animals
- Production Animals
By Nature
- Organic
- Conventional
By Form
- Dry
- Liquid
- Others
By Function
- Single Function
- Multi-Function
By Application
- Poultry
- Broiler
- Layer
- Turkey
- Others
- Cattle
- Dairy
- Calf
- Other
- Swine
- Starter
- Grower
- Sow
- Aquaculture
- Salmon
- Trouts
- Shrimps
- Crap
- Others
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In June 2023, a Hyvinkaa-based Mantymaen Luomutila farm in Finland, is the first to use insect-based protein feed to produce organic laying eggs.
- In February 2023, a German specialty chemical company, Evonik Industries AG, introduced a new product called PhytriCare. This new plant-based product has anti-inflammatory effects.
- In September 2022, a Dutch-based health, nutrition and bioscience company, DSM, acquired a leading Brazilian animal nutrition and technology company, Prodop. This acquisition helps develop the efficiency and sustainability of animal farming and feed production.
Why Purchase the Report?
- To visualize the global animal feed ingredients market segmentation based on source, ingredient, nutrient, type, animal, nature, form, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of animal feed ingredients market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global animal feed ingredients market report would provide approximately 109 tables, 128 figures and 234 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1.Methodology and Scope
- 1.1.Research Methodology
- 1.2.Research Objective and Scope of the Report
2.Definition and Overview
3.Executive Summary
- 3.1.Snippet by Source
- 3.2.Snippet by Ingredient
- 3.3.Snippet by Nutrient
- 3.4.Snippet by Type
- 3.5.Snippet by Animal
- 3.6.Snippet by Nature
- 3.7.Snippet by Form
- 3.8.Snippet by Function
- 3.9.Snippet by Application
- 3.10.Snippet by Region
4.Dynamics
- 4.1.Impacting Factors
- 4.1.1.Drivers
- 4.1.1.1.Growing Demand for Nutritious Feed Ingredients
- 4.1.1.2.Rising Demand for Animal Based Products
- 4.1.2.Restraints
- 4.1.2.1.Increasing Veganism
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis
- 4.1.1.Drivers
5.Industry Analysis
- 5.1.Porter's Five Force Analysis
- 5.2.Supply Chain Analysis
- 5.3.Pricing Analysis
- 5.4.Regulatory Analysis
6.COVID-19 Analysis
- 6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
- 6.2.Pricing Dynamics Amid COVID-19
- 6.3.Demand-Supply Spectrum
- 6.4.Government Initiatives Related to the Market During Pandemic
- 6.5.Manufacturers Strategic Initiatives
- 6.6.Conclusion
7.By Source
- 7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 7.1.2.Market Attractiveness Index, By Source
- 7.2.Corn
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3.Soybean
- 7.4.Wheat
- 7.5.Barley
- 7.6.Sorghum
- 7.7.Rye
- 7.8.Algae
8.By Ingredient
- 8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredient
- 8.1.2.Market Attractiveness Index, By Ingredient
- 8.2.Cereal Grains
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3.Protein Meals
- 8.4.Vegetables
- 8.5.Fats & Oils
- 8.6.Feed Additives
- 8.7.Others
9.By Nutrient
- 9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nutrient
- 9.1.2.Market Attractiveness Index, By Nutrient
- 9.2.Energy Sources
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3.Fat Sources
- 9.4.Protein Sources
- 9.5.Vitamin & Minerals
- 9.6.Antibiotic
- 9.7.Enzymes
- 9.8.Others
10.By Type
- 10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.1.2.Market Attractiveness Index, By Type
- 10.2.Compound Feed
- 10.2.1.Introduction
- 10.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3.Fodder
- 10.4.Forage
- 10.5.Oilseed Meals
11.By Animal
- 11.1.Introduction
- 11.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal
- 11.1.2.Market Attractiveness Index, By Animal
- 11.2.Companion Animals
- 11.2.1.Introduction
- 11.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3.Companion Animals
12.By Nature
- 12.1.Introduction
- 12.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 12.1.2.Market Attractiveness Index, By Nature
- 12.2.Organic
- 12.2.1.Introduction
- 12.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 12.3.Conventional
13.By Form
- 13.1.Introduction
- 13.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 13.1.2.Market Attractiveness Index, By Form
- 13.2.Dry
- 13.2.1.Introduction
- 13.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 13.3.Liquid
- 13.4.Others
14.By Function
- 14.1.Introduction
- 14.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 14.1.2.Market Attractiveness Index, By Function
- 14.2.Single Function
- 14.2.1.Introduction
- 14.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 14.3.Multi-Function
15.By Application
- 15.1.1.Introduction
- 15.1.2.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 15.1.3.Market Attractiveness Index, By Application
- 15.2.Poultry
- 15.2.1.Introduction
- 15.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 15.2.3.Broiler
- 15.2.4.Layer
- 15.2.5.Turkey
- 15.2.6.Others
- 15.3.Cattle
- 15.3.1.Dairy
- 15.3.2.Calf
- 15.3.3.Other
- 15.4.Swine
- 15.4.1.Starter
- 15.4.2.Grower
- 15.4.3.Sow
- 15.5.Aquaculture
- 15.5.1.Salmon
- 15.5.2.Trouts
- 15.5.3.Shrimps
- 15.5.4.Crap
- 15.5.5.Others
- 15.6.Others
16.By Region
- 16.1.Introduction
- 16.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 16.1.2.Market Attractiveness Index, By Region
- 16.2.North America
- 16.2.1.Introduction
- 16.2.2.Key Region-Specific Dynamics
- 16.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 16.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredient
- 16.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nutrient
- 16.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 16.2.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal
- 16.2.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 16.2.9.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 16.2.10.Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 16.2.11.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 16.2.12.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 16.2.12.1.U.S.
- 16.2.12.2.Canada
- 16.2.12.3.Mexico
- 16.3.Europe
- 16.3.1.Introduction
- 16.3.2.Key Region-Specific Dynamics
- 16.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 16.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredient
- 16.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nutrient
- 16.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 16.3.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal
- 16.3.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 16.3.9.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 16.3.10.Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 16.3.11.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 16.3.12.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 16.3.12.1.Germany
- 16.3.12.2.U.K.
- 16.3.12.3.France
- 16.3.12.4.Italy
- 16.3.12.5.Spain
- 16.3.12.6.Rest of Europe
- 16.4.South America
- 16.4.1.Introduction
- 16.4.2.Key Region-Specific Dynamics
- 16.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 16.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredient
- 16.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nutrient
- 16.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 16.4.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal
- 16.4.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 16.4.9.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 16.4.10.Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 16.4.11.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 16.4.12.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 16.4.12.1.Brazil
- 16.4.12.2.Argentina
- 16.4.12.3.Rest of South America
- 16.5.Asia-Pacific
- 16.5.1.Introduction
- 16.5.2.Key Region-Specific Dynamics
- 16.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 16.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredient
- 16.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nutrient
- 16.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 16.5.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal
- 16.5.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 16.5.9.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 16.5.10.Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 16.5.11.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 16.5.12.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 16.5.12.1.China
- 16.5.12.2.India
- 16.5.12.3.Japan
- 16.5.12.4.Australia
- 16.5.12.5.Rest of Asia-Pacific
- 16.6.Middle East and Africa
- 16.6.1.Introduction
- 16.6.2.Key Region-Specific Dynamics
- 16.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
- 16.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Ingredient
- 16.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nutrient
- 16.6.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 16.6.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal
- 16.6.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 16.6.9.Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 16.6.10.Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
- 16.6.11.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
17.Competitive Landscape
- 17.1.Competitive Scenario
- 17.2.Market Positioning/Share Analysis
- 17.3.Mergers and Acquisitions Analysis
18.Competitive Landscape
- 18.1.Competitive Scenario
- 18.2.Market Positioning/Share Analysis
- 18.3.Mergers and Acquisitions Analysis
19.Company Profiles
- 19.1.Cargill
- 19.1.1.Company Overview
- 19.1.2.Product Portfolio and Description
- 19.1.3.Financial Overview
- 19.1.4.Key Developments
- 19.2.ADM
- 19.3.Evershining Ingredients Company
- 19.4.COFCO
- 19.5.Hamlet Proteins
- 19.6.Bunge
- 19.7.Louis Dreyfus
- 19.8.Wilmar International
- 19.9.Ingredion Incorporated
- 19.10.Sojaprotein
LIST NOT EXHAUSTIVE
20.Appendix
- 20.1.About Us and Services
- 20.2.Contact Us
