Asia, especially China, is the largest producer and consumer of Feed and is expected to retain the higher growth rate during the next five years due to strong growth in domestic animal breeding industry. Actually, that is why manufacturers have several plants, usually close to aimed demand market.
The Feed industry is highly dispersion; there are more than one hundred manufacturers (production 20 K MT grade) in the world, the top 17 manufacturer’s sales account only about 18% of global.
Looking at global livestock species in 2016, poultry held its position as industry leader with a 42% of the feed market at 30 million tons. Pigs saw the largest percentage of growth, with nearly 4 percent increase.
Corn and soybean meal are the standard feed ingredients globally, Raw materials account for 80 to 90 percent of feed millers’ costs, so rising costs are influencing company strategies.
The import and export business of this industry is not frequent. The main reason lies in that many international manufacturers expand their business through building factories or investments in targeted markets. Also, many major players have built up plants in worldwide.
The worldwide market for Feed and Aquafeed is expected to grow at a CAGR of roughly 2.0% over the next five years, will reach 572400 million US$ in 2024, from 508300 million US$ in 2019.
Global Feed and Aquafeed Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Feed and Aquafeed Industry report also provides essential attributes associated with Feed and Aquafeed market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Feed and Aquafeed Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Feed and Aquafeed business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Feed and Aquafeed market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
New Hope Group
Purina Animal Nutrition
Wen’s Food Group
East Hope Group
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
The prospective of this Feed and Aquafeed industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Feed and Aquafeed present market share and future prospects of the segment in terms of has also been explored in this report.
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