Global Animal Feed Market Insights, Forecast to 2028

Animal feed is food given to domestic animals in the course of animal husbandry. There are three basic types:compound feed, fodder and forage.
Market Analysis and Insights: Global Animal Feed Market
Due to the COVID-19 pandemic, the global Animal Feed market size is estimated to be worth US$ 489500 million in 2022 and is forecast to a readjusted size of US$ 574680 million by 2028 with a CAGR of 2.7% during the review period. Fully considering the economic change by this health crisis, Compound Feed accounting for % of the Animal Feed global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Poultry segment is altered to an % CAGR throughout this forecast period.
The feed industry is a major economical component of many countries. According to the AFIA (American Feed Industry Association), an average of $20 billion is annually spent on feed ingredients. The feed industry is also the largest purchaser of corn and soybean meal.
Global Animal Feed Scope and Segment
Animal Feed market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Animal Feed market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Compound Feed
Fodder
Forage
Segment by Application
Poultry
Swine
Ruminant
Aquaculture
By Company
Archer Daniels Midland
BASF
Charoen Pokphand Foods
Cargill
DowDuPont
Land O'Lakes
Royal DSM
Nutreco
Country Bird Holdings
Alltech
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E