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The Worldwide Animal Feed Industry is Expected to Grow to $460 Billion by 2026
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The animal feed market is projected to grow at a CAGR of 4.90% to reach US$460.322 billion by 2026, from US$345.434 billion in 2020.
Animal feeds are referred to as those products which are responsible for improving animals health. The feed is given in various doses depending on the animal. Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. The feed helps in enhancing the animal s abilities by providing enriched nutrients along with the feedstuff, accelerating growth and weight gain and developing immunity. Outbursts of diseases in animals is a major factor contributing to the increasing adoption of animal feed as it enhances the health of the animals and in
15 Largest Animal Feed Companies in the World
15 largest animal feed companies in the world. Click to skip ahead and jump to the
For the non-vegetarian and non-vegan consumers, quality feed is the largest and most essential factor to ensure that we consume healthy, plentiful, and affordable animal proteins. Animal feed plays a significant role in the global food industry, facilitating the sustainable growth of animal products worldwide.
Despite the high demand for meat, dairy, and aquaculture products in the middle of the coronavirus pandemic, even the essential supply chains have experienced disruption in distributing their goods to the public. On the other hand, the American Feed Industry Association reported an increase in demand for animal feed as local farmers and ranchers were stocking up supplies during the early stages of lockdowns in March. This has been resolved as the CISA included the animal feed manufacturers as an essential business.