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The Business Research Company’s Animal Food Global Market Report 2024 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2024-2033. The Animal Food Global Market Report 2023 evaluates Animal Food market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The animal food market size has grown strongly in recent years. It will grow from $256.18 billion in 2023 to $278.62 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growing pet ownership, animal agriculture, humanization of pets, global meat consumption, regulations and standards. The animal food market size is expected to see strong growth in the next few years. It will grow to $379.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
The animal and pet food market’s growth are aided by the stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP reached 3.3% in 2020 and 3.4% in 2021, according to the IMF. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period.
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The Animal Food market segments in the report are:
1) By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
2) By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
The table of contents in TBRC’s Animal Food market report includes:
- Executive Summary
- Animal Food Market Characteristics
- Animal Food Market Trends And Strategies
- Animal Food Market – Macro Economic Scenario
- Animal Food Market Size And Growth
…..
- Africa Animal Food Market
- Animal Food Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Animal Food Market
- Animal Food Market Future Outlook and Potential Analysis
- Appendix
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