The Animal Feed Ingredients Market size was USD 10.1 Billion in 2022 and is expected to reach USD 18.6 Billion in 2032, and register a revenue CAGR of 5.4% during the forecast period. The increased demand for meat and Dairy Products, population growth, and consumer income growth are major factors driving the market revenue growth.
With the shifting dietary habits and a penchant for high-protein foods, meat, and dairy products are in higher demand in Vietnam. As a result, the nation's demand for animal feed has significantly increased. The country's population is projected to grow to 107 million people by 2030, which is expected to further raise the demand for animal protein.
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Major Companies:
- CP Group
- Cargill
- New Hope Group
- Japfa Comfeed Vietnam Co. Ltd.
- GreenFeed Vietnam Corporation
- De Heus Vietnam
- Purina Animal Nutrition LLC
- Emivest Feedmill Vietnam Co., Ltd.
- Masan Group Corporation
- Hong Ha Feedmill Joint Stock Company
Key questions addressed in the report:
- What is the expected market size of the global Animal Feed Ingredients market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Animal Feed Ingredients market?
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Animal Feed Ingredients Market Segmentation:
Type Outlook:
- Poultry Feed
- Swine Feed
- Ruminant Feed
- Aqua Feed
- Others
By Livestock Outlook
- Poultry
- Swine
- Ruminants
- Aqua
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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