Global Animal Feed Market – Industry Trends and Forecast to 2025 The total worth of the animal feed was approximately USD 6.10 billion in the past year and global market is expected to reach 20.97 kilo tons by 2025, from 16.95 kilo tons in 2017, growing at a CAGR of 2.7% during the forecast period of 2018 to 2025. The global animal feed market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Get Sample of This Information Analysis: http://databridgemarketresearch.com/request-asample/?dbmr=global-animal-feed-market
Animal feed plays is an important part of the food chain and has consequences for the composition and quality of the livestock products for example milk, meat and eggs which are consumed by the people. Animals also require the same nutrients as humans. Some feeds, such as pasture grasses, hay and silage crops, and certain cereal grains, are grown explicitly for animals. According to an article published by Food Standard Agency UK, about 200,000 animal feed businesses are involved in importing, producing, storing and distributing animal feed. The food industry is expected to face the challenge of feeding more than 9 billion people by 2050, which is going to offer an opportunity for the animal feed industry. The population growth will lead to increased demand, as the consumers are demanding more protein rich food especially in developing countries. Some of the major players operating in the global market are –
ADDCON GROUP GMBH,
Adisseo France S.A.S.,
Ajinomoto Co., Inc.,
Archer Daniel Midland (ADM),
BASF SE,
Biomin Holdings Gmbh,
Cargill,
Chr. Hansen,
Danisco (DuPont Danisco Animal Nutrition),
DSM,
Elanco Animal Health,
Evonik Industries,
Others: Kemin Industries, Novozymes, Novus International Inc., Nutreco N.V., Amco Protiens, Prinova Group LLC, Covington & Burling LLP., and many more.