Dublin, March 22, 2021 (GLOBE NEWSWIRE) -- The "Animal Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global animal food market as it emerges from the COVID-19 shut down.
The global animal food market is expected to grow from $233.79 billion in 2020 to $243.09 billion in 2021 at a compound annual growth rate (CAGR) of 4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $316.04 billion in 2025 at a CAGR of 7%.
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Where is the largest and fastest growing market for the animal food? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Animal Food market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider animal food market, and compares it with other markets.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The animal food market section of the report gives context. It compares the animal food market with other segments of the animal and pet food market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, animal food indicators comparison.
Major companies in the animal food market include Chomp; Newman's Own Organic; BilJac Foods Inc.; Annamaet PetFoods and Bell Rock Growers Inc.
The animal food market consists of sales of animal foods by entities (organizations, sole traders and partnerships) that produce animal food (except dog and cat food and cattle feed), such as fish food, livestock feeds, poultry feeds, bird feeds, earthworm food, rabbit food and others. The animal food market is segmented into poultry feed; cattle feed; aquaculture feed and other animal food.
Asia Pacific was the largest region in the global animal food market, accounting for 38% of the market in 2020. Western Europe was the second largest region accounting for 25% of the global animal food market. Africa was the smallest region in the global animal food market.
Growing awareness among cattle farmers and pet owners about the advantages of probiotics for animal health is leading to the increased use of probiotics in the animal feed for farm animals like cattle, horse, ruminants and poultry. The increasing advancements in molecular biology and gene sequencing are allowing researchers to dig deep for finding new probiotic applications for animals, in feed and consumer packaged health products. The significant rise in adoption of probiotics in the animal feed for farm animals has shown beneficial results in terms of animal performance, digestion and immune system. For instance, the US based company, Bactana Animal Health has completed its first round of funding for developing a novel bacterial stain of Faecalibacterium prausnitzii for commercial livestock usage.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the animal food manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the animal food manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The animal and pet food market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Animal Food Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Animal Food Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Animal Food Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Animal Food Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Animal Food Market Trends And Strategies
8. Impact Of COVID-19 On Animal Food
9. Animal Food Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Animal Food Market Regional Analysis
10.1. Global Animal Food Market, 2020, By Region, Value ($ Billion)
10.2. Global Animal Food Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Animal Food Market, Growth And Market Share Comparison, By Region
11. Animal Food Market Segmentation
11.1. Global Animal Food Market, Segmentation By Type
11.2. Global Animal Food Market, Segmentation By Distribution Channel
11.3. Global Animal Food Market, Segmentation By Ingredients, Historic and Forecast
12. Animal Food Market Segments
12.1. Global Poultry Feed Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Cereal; Oilseed Meal; Molasses; Fish Oil And Fish Meal; Supplements; Other Ingredients
12.2. Global Cattle Feed Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
12.3. Global Aquaculture Feed Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Prawn Feed; Fish Feed; Other Aqua Feed
12.4. Global Other Animal Food Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13. Animal Food Market Metrics
13.1. Animal Food Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Animal Food Market Expenditure, 2015-2025, Global
14. Asia-Pacific Animal Food Market
15. Western Europe Animal Food Market
16. Eastern Europe Animal Food Market
17. North America Animal Food Market
18. South America Animal Food Market
19. Middle East Animal Food Market
20. Africa Animal Food Market
21. Animal Food Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
22.214.171.124. Company Overview
126.96.36.199. Products And Services
188.8.131.52. Financial Performance
21.3.2. Newman's Own Organic
184.108.40.206. Company Overview
220.127.116.11. Products And Services
18.104.22.168. Financial Performance
21.3.3. BilJac Foods Inc.
22.214.171.124. Company Overview
126.96.36.199. Products And Services
188.8.131.52. Financial Performance
21.3.4. Annamaet PetFoods
184.108.40.206. Company Overview
220.127.116.11. Products And Services
18.104.22.168. Financial Performance
21.3.5. Bell Rock Growers Inc.
22.214.171.124. Company Overview
126.96.36.199. Products And Services
188.8.131.52. Financial Performance
22. Key Mergers And Acquisitions In The Animal Food Market
23. Market Background: Animal And Pet Food Market
23.1. Animal And Pet Food Market Characteristics
23.2. Animal And Pet Food Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
23.3. Global Animal And Pet Food Market, 2020, By Region, Value ($ Billion)
23.4. Global Animal And Pet Food Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
23.5. Global Animal And Pet Food Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
24.1. Global Animal Food Market In 2025- Growth Countries
24.2. Global Animal Food Market In 2025- Growth Segments
24.3. Global Animal Food Market In 2025- Growth Strategies
25.1. NAICS Definitions Of Industry Covered In This Report
25.4. Research Inquiries
25.5. About the Publisher
26. Copyright And Disclaimer
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