Animal Feed Producers and Animal Feed Market Trend

Animal feed is a food ingredient that is processed and manufactured to provide nutrients to animals. The feed consists of feed ingredients (protein ingredients, energy ingredients, mineral ingredients) and feeds additives (nutritional additives, general additives). Animal feed for Poultry, Pigs, Ruminant, Aqua, Pets.
The global animal feed market size was 1.07 billion tons in 2017, growing to 1.28 billion tons in 2022, with a CAGR of 3.6% from 2017 to 2022. As economic growth, urbanization and living standards improve, the production and consumption of meat products will keep a steady growth. The global animal feed market size is expected to grow to 1.45 billion tons in 2027 with a CAGR of 2.5% from 2022 to 2027.

The region with the largest global demand for animal feed is Asia & Pacific, accounting for 38%. This is followed by North America and Europe, accounting for 28% and 21%, respectively.
The top 10 producers in the global animal feed industry are CP Group, New Hope Group, Cargill, Land O'Lakes, WENS, Haid Group, JBS S.A., BRF S.A., ForFarmers, Tyson.