PRwire360
30 Sep 2022, 21:39 GMT+10
Rising demand for feed around the world is the key factor driving market revenue growth
Market Size - USD 20.94 Billion in 2021, Market Growth - at a CAGR of 4.4%, Market Trends - Increasing demand for producing commercial animal feed and organic animal feed processing
New York, September 29, 2022 - The global feed processing market size was USD 20.94 Billion in 2021 and is expected to register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Rising awareness regarding feed nutrition and health is the key factor driving market revenue growth. Utilizing cutting-edge feed processing technology, choice of ingredients, and diet form are tailored to maximize feed intake and nutrient usage effectiveness. Goal of feedstuffs is to provide nutrients that are used for upkeep and productive functions, after being digested. Pig and poultry diets have optimal balance of essential nutrients for satisfying various phases of production while maximizing performance.
In addition, increasing demand for producing commercial animal feed, organic animal feed processing, and handling encompasses processing organic feed and food for all domesticated animal types, such as cattle, poultry, aquaculture, and companion animals are other primary factors driving market revenue growth. Feeds are main determinant of animal production. Moreover, feed processing modifies physical characteristics of feed components to maximize their use by animals and enhance mixing and stability of their diet, which is simpler to digest feed particles after processing. This procedure helps to increase bioavailability and digestibility of the diet. Meal processing raises nutritional value of feed and lowers feeding-related losses. Increased feed intake, faster average daily turnover, and higher feed conversion or efficiency are all benefits of feed processing. Furthermore, animals require a diet that contains four major food groups, protein, carbohydrates, fiber, vitamins, and minerals. However, meals are balanced, simple to digest, and provide all nutrients required for an animal's healthy growth.
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Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented the global feed processing market based on type, form, mode of operation, livestock, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Form Outlook (Revenue, USD Billion; 2019-2030)
Mode of operation Outlook (Revenue, USD Billion; 2019-2030)
Livestock Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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