The global animal feed market was valued at US$ 4,06,640.1 million in 2018 and is projected to reach US$ 5,48,936.5 million by 2027; it is expected to grow at a CAGR of 3.3% during2019 – 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The market for global animal feed is concentrated with some very well-established players. Archer Daniels Midland Co., Cargill Inc., Evonik Industries AG, ForFarmers N.V., and Land O’Lakes, Inc., Guangdong Haid Group Co. Ltd, New Hope Group Co. Ltd, Nutreco NV, and Perdue Farms, Inc. are some of the major key players operating in the global animal feed market.

Animal feed is the food grown to nourish poultry and livestock. Animal feed is produced by selecting and blending feed ingredients to offer nutritious diets that promote the health of animals and improve the quality of end products such as milk, wool, eggs, and meat. Animal feeds can be broadly groped as concentrates or roughages. Concentrates include high in energy value food sources including fats, cereal grains, high-protein oil meals or cakes, by-products from processing of sugarcane, sugar beets, animals, fish, and others. While roughages include hays, straw, silage, root crops, pasture grasses, stover (cornstalks), and others. The rising demand for animal origin protein has led to the intensification of livestock production chiefly based on the uses of industrial compound feed. Animal feed costs vary widely from season to season and it is often possible for producers to realize substantial savings through wise selection of the feed ingredients used to formulate complete diets.