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Global Animal Feed Market 2020-2024 | Evolving Opportunities with Archer Daniels Midland Co. and Cargill Inc. | Technavio

February 26, 2020 GMT
Global Animal Feed Market 2020-2024 | Evolving Opportunities with Archer Daniels Midland Co. and Cargill Inc. | Technavio
Global Animal Feed Market 2020-2024 | Evolving Opportunities with Archer Daniels Midland Co. and Cargill Inc. | Technavio

LONDON--(BUSINESS WIRE)--Feb 26, 2020--

Technavio has been monitoring the global animal feed market since 2015 and the market is poised to grow by USD 92.79 billion during 2020-2024, progressing at a CAGR of nearly 4% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled Global Animal Feed Market 2020-2024 (Graphic: Business Wire)

Read the 153-page report with TOC on “Animal Feed Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), Product (poultry, swine, ruminant, aquaculture, and others), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/animal-feed-market-industry-analysis

The market is driven by the increasing number of product launches. In addition, the adoption of new technologies is anticipated to boost the growth of the animal feed market.

Vendors in the market are focusing on expanding their product portfolio by launching new products. This helps them in increasing revenue flow as well as their share in the market. Some vendors are focusing on launching new products under new brand names. For instance, in 2018, Patanjali announced the launch of urea-free cattle feed and feed supplements under the new brand, Dugdhamrit. Similarly, in April 2019, Nutreco launched two new fish feed products under the brand, Skretting in Egypt. Many such product launches are fueling the growth of the global animal feed market.

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Major Five Animal Feed Companies:

Archer Daniels Midland Co.

Archer Daniels Midland Co. operates the business across various segments such as Origination, Oilseeds, Carbohydrate solutions, Nutrition, and Other. The company offers a wide range of animal feed products, ranging from amino acids and feed enzymes to high-quality macro feed ingredients, premixes, supplements, custom ingredient blends, and specialty feed ingredients.

Cargill Inc.

Cargill Inc. operates the business across various segments such as Animal nutrition & protein, Food ingredients & applications, Origination & processing, and Industrial & financial services. The company offers a wide range of feed and feed additives to swine, beef, aquaculture, poultry, and others. Some of the products offered by the company include Notox, Valido, Intella FIT, Cinergy IGP 5/10, Proviox, AOX, Trasic SeY, and Valido Choline RP.

Charoen Pokphand Foods Plc

Charoen Pokphand Foods Plc operates the business across various segments such as Feed business, Farm business, and Food business. The company offers livestock feed such as swine feed, chicken feed, duck feed, cow feed, quail feed, and native broiler chicken feed. It also offers aquaculture feeds such as shrimp feed, freshwater prawn feed, tilapia (Tub Tim) fish feed, catfish feed, and frog feed.

Evonik Industries AG

Evonik Industries AG operates the business across various segments such as Nutrition and care, Resource efficiency, Performance materials, and Services. The company offers a wide range of animal feed products. Some of the products offered by the company include MetAmino, PROXYMet, Ecobiol, Biolys, Veramaris, AQUAVI Met-Met, DL-Methionine for Aquaculture, ThreAmino, TrypAmino, GutCare, and Mepron.

ForFarmers NV

ForFarmers NV operates the business across various segments including the Netherlands, Germany/Belgium/Poland, and United Kingdom. The company offers a wide range of compound feeds, young animal feeds, and specialized feeds.

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Animal Feed Product Outlook (Revenue, USD Billion, 2020 - 2024)

  • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Others

Animal Feed Regional Outlook (Revenue, USD Billion, 2020 - 2024)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Consumer Staples Include:

Global Organic Trace Minerals for Animal Feed Market – Global organic trace minerals for animal feed market by type (poultry, swine, ruminants, and others) and geography (APAC, Europe, MEA, North America, and South America).

Global Vitamin and Mineral Premixes Market – Global vitamin and mineral premixes market by end-users (animals and humans) and geography (Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

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UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL PETS PHARMACEUTICAL OTHER TECHNOLOGY CONVENIENCE STORE SUPPLY CHAIN MANAGEMENT CONSULTING ONLINE RETAIL CONSUMER PROFESSIONAL SERVICES TECHNOLOGY GENERAL HEALTH AGRICULTURE NATURAL RESOURCES HEALTH SUPERMARKET SPECIALTY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 02/26/2020 05:30 AM/DISC: 02/26/2020 05:30 AM

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