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karls scott @go_65e6e7b4cc973
8 months ago
Animal Feed Industry Data Book - Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030|

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The economic value generated by the animal feed industry was estimated at approximately USD 570.72 billion in 2022. This economic output is an amalgamation of basic animal feed categories namely, poultry feed, cattle feed, swine feed, aquafeed, and pet food.

The global animal feed market has witnessed remarkable growth in the recent past due to increasing demand for quality meat and meat by-products. The outbreak of various diseases in livestock has increased concerns regarding the quality and safety of meat, which, in turn, is expected to boost the usage of animal feed. In addition, the rising consumption of processed aqua, dairy, and poultry products globally is likely to boost the market growth of animal feed.

Vitamins are extensively utilized as additives in animal feed formulations. They act as an effective protection against viruses, parasites, and bacteria. Some of the prominent vitamins used as feed additives include riboflavin, Vitamin D, Vitamin A, Vitamin K, and Vitamin E. Additional supplements infused with vitamins to provide optimal nutrition are also added to livestock feeds. Thus, the aforementioned factors are anticipated to fuel the demand for vitamin additives in the animal feed market.

Amino acids are widely used as animal feed additives. Different types of amino acids, such as methionine, lysine, tryptophan, and threonine, are primarily used as aquafeed additives. These nutrients play a vital role in protein building and promote growth in animals. This is projected to propel the demand for amino acid additives in the animal feed market over the forecast period.

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