Global Animal Feed Market 2020-2024 | Evolving Opportunities with Archer Daniels Midland Co. and Cargill Inc. | Technavio
LONDON--(BUSINESS WIRE)--Oct 30, 2019--
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”.
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. Successful product launches help vendors to increase revenue flow and expand their share in the market. For instance, certain vendors are launching cattle and feed supplements that are free from urea and other harmful chemicals. Thus, the increasing number of product launches by vendors will positively influence the growth of the market.
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Major Five Animal Feed Companies:
Archer Daniels Midland Co.
Archer Daniels Midland Co. owns and operates its 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. owns and operates its 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 owns and operates its business across various segments such as feed business, farm business, and food business. The company offers livestock feeds such as swine feed, chicken feed, duck feed, cow feed, quail feed, and native broiler chicken feed. It also offers aquaculture feed such as shrimp feed, freshwater prawn feed, tilapia (Tub Tim) fish feed, catfish feed, and frog feed.
Evonik Industries AG
Evonik Industries AG owns and operates its 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 owns and operates its 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)
Animal Feed Regional Outlook (Revenue, USD Billion, 2020 - 2024)
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INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Technavio Research
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PUB: 10/30/2019 02:30 PM/DISC: 10/30/2019 02:31 PM