The Latest Animal Feed Industry Statistics Explained
The global animal feed market size was valued at USD 346.29 billion in 2019.
The statistic indicates that the global animal feed market had a total value of USD 346.29 billion in the year 2019. This figure represents the total revenue generated by the sale of animal feed products worldwide during that year. The size of the animal feed market is a significant indicator of the demand for feed products for livestock and companion animals across various regions. Factors such as population growth, increased consumption of animal products, and changes in dietary preferences can influence the growth and value of the animal feed market. Tracking this statistic helps stakeholders in the agriculture and animal husbandry industries to understand market trends, forecast demand, and make informed decisions regarding production and investments in the sector.
The market is projected to expand at a CAGR of 4.4% from 2020 to 2027.
The statement “The market is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.4% from 2020 to 2027” indicates that over the period of seven years, the market is expected to grow at an average annual rate of 4.4%. The CAGR is a commonly used metric to measure the growth rate of an investment or market over time, providing a more accurate representation of the overall growth trajectory compared to simple annual growth rates. In this context, the projection suggests that the market is anticipated to steadily increase in size by 4.4% each year from 2020 to 2027, reflecting a positive outlook for the industry.
The poultry segment accounted for the largest share of over 35.0% in 2019.
The statistic indicates that in 2019, the poultry segment held the largest market share, amounting to over 35.0% of the total market. This suggests that poultry products, such as chicken and turkey, were the most consumed or produced within the industry during that year. The significance of this statistic lies in the dominance of the poultry segment compared to other segments within the industry. Factors such as affordability, versatility, and nutritional value of poultry products may have contributed to their popularity and high market share. This information is essential for industry stakeholders and investors in understanding market dynamics and making informed decisions related to product development, marketing strategies, and investment opportunities within the poultry industry.
The global animal feed protein ingredients market size is expected to reach USD 215.93 Billion by 2026.
This statistic predicts the future market size of animal feed protein ingredients to reach USD 215.93 billion by 2026. The figure represents the estimated total value of the global market for animal feed protein ingredients, encompassing various sources of protein used in animal feed production such as soybean meal, canola meal, fishmeal, and others. The projected growth in market size indicates potential increases in demand for animal feed protein ingredients, likely driven by factors such as population growth, rising income levels leading to higher meat consumption, and the expanding livestock and aquaculture industries. This projection provides insights for businesses, policymakers, and stakeholders to anticipate and adapt to the changing landscape of the animal feed industry.
The U.S. animal feed additives market size was estimated at $2.28 billion in 2019.
The statistic that the U.S. animal feed additives market size was estimated at $2.28 billion in 2019 represents the total value of the market for supplemental substances added to animal feed to improve the nutritional content, digestion, and overall health of the animals. This figure is indicative of the significant investment and demand in the industry, reflecting the growing awareness and importance of optimizing animal nutrition for better livestock health and productivity in the United States. The market size value serves as a key metric for assessing the economic scale of the animal feed additives sector and can provide insights into trends, growth prospects, and potential opportunities within the market.
The expansion of the compound feed market segment led to a market share of over 70% in 2019.
The statistic stating that the expansion of the compound feed market segment led to a market share of over 70% in 2019 indicates a significant growth and dominance of this sector within the overall feed industry. This suggests that compound feed products became increasingly popular among consumers or were adopted by a larger number of livestock farmers during that year. A market share of over 70% signifies a strong presence and influence in the market, potentially indicating that compound feed products were perceived as high-quality, cost-effective, or otherwise favorable compared to other types of feed options available. This statistic underscores the importance and impact of the compound feed market segment in shaping the dynamics of the livestock and agriculture industry in 2019.
The poultry market is expected to witness a CAGR of 4.5%.
The statistic stating that the poultry market is expected to witness a Compound Annual Growth Rate (CAGR) of 4.5% indicates the projected annual growth rate of the poultry industry over a specific period. A CAGR of 4.5% suggests that the poultry market is anticipated to expand at a steady pace, with an average growth rate of 4.5% per year. This growth rate signifies the potential increase in sales, production, or revenue within the poultry sector, reflecting overall positive prospects and indicating a healthy market outlook for poultry products and related industries in the upcoming years.
In 2018, feed mills in the US produced over 174.3 million metric tons of feed.
The statistic indicates that feed mills in the United States collectively produced an impressive total of 174.3 million metric tons of feed in the year 2018. This figure underscores the significant scale of the feed industry within the country, highlighting the large quantity of animal feed being manufactured to supply livestock and poultry operations. The statistic serves as a key indicator of the agricultural activities and the demand for livestock products in the United States, reflecting the substantial impact of the feed sector on the broader agricultural economy.
Pig feed is forecasted to be the fastest growing segment over the forecast period.
The statistic “Pig feed is forecasted to be the fastest growing segment over the forecast period” suggests that within the agricultural industry, the pig feed segment is predicted to experience the highest rate of growth in the near future. This could be attributed to various factors such as increasing demand for pork products, advancements in feed technology, changing consumer preferences, or shifting market dynamics. The forecast implies that there will be a significant increase in the production and consumption of pig feed compared to other segments within the industry, potentially leading to opportunities for investment and expansion in this particular market segment.
The feed additives market is expected to grow at a CAGR of 4.94% by 2023.
This statistic indicates that the feed additives market is projected to increase in size over the period from now until 2023, with a Compound Annual Growth Rate (CAGR) of 4.94%. The CAGR represents the steady rate at which the market is expected to grow each year during this timeframe. A CAGR of 4.94% suggests a moderate but consistent growth trend for the feed additives market, implying that the market is expected to expand steadily rather than experience sudden spikes or declines. This statistic is valuable for businesses, investors, and policymakers to anticipate market trends and make informed decisions regarding investments, strategies, and regulations related to the feed additives industry.
As per recent data, Europe alone produced around 235.4 million metric tons of feed in 2019.
The statistic states that Europe produced approximately 235.4 million metric tons of feed in 2019. This data point provides valuable insight into the agricultural industry in Europe, indicating the significant scale of feed production within the region. The production of feed is crucial for the livestock and farming sectors, supporting food production and supply chains. Such a large quantity of feed production suggests a robust agricultural sector in Europe, with implications for economic growth, food security, and sustainability efforts within the region. Tracking and analyzing feed production statistics can help policymakers, researchers, and industry stakeholders make informed decisions regarding agricultural practices, trade, and environmental impacts.
In 2020, animal feed production in China was around 240 million metric tons.
The statistic that in 2020, animal feed production in China was around 240 million metric tons indicates the significant scale of the country’s production to meet the demands of its agricultural sector. This figure highlights China’s role as a key player in the global animal feed market, reflecting the country’s large livestock population and growing food industry. The substantial volume of animal feed produced suggests a robust agricultural industry that supports domestic food production and consumption, as well as potentially exporting to other countries. Additionally, this statistic underscores the importance of efficient and sustainable practices in animal feed production to ensure food security, economic stability, and environmental sustainability in China and beyond.
The compound feed market size is estimated to be valued at USD 428.09 billion in 2020.
The statistic stating that the compound feed market size is estimated to be valued at USD 428.09 billion in 2020 represents the total market value of compound feed products worldwide for that specific year. Compound feed refers to a mixture of complementary ingredients and nutrients used to provide animals with essential nutrition for growth and production. This statistic indicates the substantial economic significance and scale of the compound feed industry in meeting the nutritional needs of livestock and poultry globally. The market size figure serves as a benchmark for evaluating the growth, trends, and overall health of the compound feed sector and can be used by industry professionals, policymakers, and investors to inform decision-making and strategic planning efforts.
The global animal feed additives market is expected to reach $31.1 billion by 2025.
This statistic indicates that the global animal feed additives market is projected to grow significantly and reach a value of $31.1 billion by the year 2025. This growth is likely driven by factors such as increasing demand for high-quality meat products, a growing focus on animal health and nutrition, and advancements in feed technology. Animal feed additives play a crucial role in enhancing the quality and nutritional value of animal feeds, thereby improving animal health, growth rates, and overall productivity. The projected market value of $31.1 billion by 2025 reflects the industry’s potential for substantial growth and opportunities for feed additive manufacturers, suppliers, and other stakeholders in the animal nutrition sector.
The animal feed phosphate market is expected to reach USD 5.8 billion by 2024.
This statistic indicates a projection for the growth of the animal feed phosphate market, suggesting that it is expected to increase in value to reach a total market size of USD 5.8 billion by the year 2024. This growth forecast implies a positive trend in the demand and consumption of animal feed phosphates within the specified timeframe. Factors driving this growth could include increasing livestock production, rising demand for high-quality animal products, and advancements in animal nutrition technology. Businesses and stakeholders within the animal feed phosphate industry may use this statistic to inform strategic decisions, investment opportunities, and market positioning to capitalize on the projected market expansion.
The largest user of animal feed is the poultry industry, making up 47% of total feed consumption.
The statistic states that the poultry industry is the largest user of animal feed, accounting for 47% of total feed consumption. This indicates that nearly half of all animal feed produced is utilized by the poultry sector, highlighting its significance in the agricultural industry. Poultry, such as chickens and turkeys, have high feed conversion rates and are raised in large numbers for their meat and eggs, hence requiring substantial amounts of feed. The dominance of the poultry industry in feed consumption underscores its economic importance and scale of operations within the livestock sector. Additionally, this statistic may have implications for the overall demand and supply dynamics of animal feed production and distribution, as well as potential environmental considerations related to poultry farming.
The global animal feed enzymes market size is expected to reach $2.67 billion by 2028.
The statistic indicates that the global animal feed enzymes market is projected to grow and reach a value of $2.67 billion by the year 2028. This suggests a positive trend in the market, with an expected increase in demand for animal feed enzymes over the coming years. Factors such as the growing concerns around animal nutrition, increasing focus on animal health and performance, and the trend towards sustainable and natural feed additives are likely driving this anticipated growth in the market. Companies operating in the animal feed enzymes industry may see opportunities for expansion and innovation as they tap into this market potential.
The global animal feed market size is expected to reach $548.9 billion by 2027.
The statistic that the global animal feed market size is projected to reach $548.9 billion by 2027 indicates the anticipated growth and expansion of the industry over the coming years. This forecast suggests that there will be an increasing demand for animal feed products worldwide, driven by factors such as population growth, rising disposable incomes, and a growing focus on animal nutrition and welfare. The substantial market size highlights the significant economic importance of the animal feed sector and underscores the potential opportunities for businesses operating in this market to capitalize on this growth trend.
The feed premix market is expected to grow at a CAGR of 3.0% from 2020 to 2025.
This statistic indicates that the feed premix market is projected to experience a Compound Annual Growth Rate (CAGR) of 3.0% over the five-year period from 2020 to 2025. A CAGR is a useful measure of growth over multiple time periods, providing a smoothed annual rate of growth. In this context, it suggests that the feed premix market is anticipated to expand steadily at a rate of 3.0% each year throughout the specified timeframe. This implies potential opportunities for industry players, such as feed producers, suppliers, and manufacturers, to tap into a growing market and adapt their strategies to capture a share of this anticipated growth.
References
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