South Korea Animal feed market is expected to grow at a compound annual growth rate of 2.47% over the forecast period to reach a market size of US$5.096 billion in 2024 from US$4.403 billion in 2018. Increasing government regulation concerning food labeling and ingredient content is expected to drive the animal feed market in the country during the forecast period. Increasing consumption of beef and rising health consciousness is further anticipated to drive the growth of the market in the co Read more...
Vietnam Animal feed market is expected to grow at a compound annual growth rate of 5.28% over the forecast period to reach a market size of US$11.222 billion in 2024 from US$8.240 billion in 2018. In Vietnam purchasing power has grown substantially in the recent years which lead to changing dining habits and expectations. The demand for food in Vietnam has shifted from food security to food safety therefore building consumer trust in food safety as an ongoing opportunity to improve the offeri Read more...
Taiwan Animal feed market is expected to grow at a compound annual growth rate of 3.65% over the forecast period to reach a market size of US$1.473 billion in 2024 from US$1.188 billion in 2018. Limited availability of pastoral land has resulted in heavily concentrated livestock farming in the country. Limited availability of pastoral land has resulted in heavily concentrated livestock farming in Taiwan. Rapid technological advancement in agricultural activities leads to increasing adoption a Read more...
Cattle feed market is expected to grow at a compound annual growth rate of 2.50% over the forecast period to reach a market size of US$48.666 billion in 2024 from US$41.964 billion in 2018. Feed for cattle are supplemented with grain, soy and other ingredients in order to increase the energy density of the diet. Cattle feed is helpful in managing nutrient level of end products and provide better immune to cattle. Increasing meat and dairy product demand is expected to drive the global cattl Read more...
Indonesia Animal feed market is expected to grow at a compound annual growth rate of 4.01% over the forecast period to reach a market size of US$10.735 billion in 2024 from US$8.479 billion in 2018. Animal health market is one of the emerging market in the country which is driving the usage of livestock feed in the coming years. Improving animal nutrient availability, digestibility and growing livestock population are some of the key drivers that are promoting the growth of animal feed during Read more...
Turkey Animal feed market is expected to grow at a compound annual growth rate of 4.43% over the forecast period to reach a market size of US$5.092 billion in 2024 from US$3.926 billion in 2018. The animal feed market in Turkey has seen a steady rise during the forecast period. Feed market for beef cattle as well as for dairy cattle has been growing over the past years and with the favorable dairy policies by the government the market for cattle feed is further expected to grow significantly Read more...
Saudi Arabia Animal feed market is expected to grow at a compound annual growth rate of 5.93% over the forecast period to reach a market size of US$3.358 billion in 2024 from US$2.377 billion in 2018. Saudi Arabia is one of the fastest growing animal feed markets in the middle east region, increasing consumption of raw and processed meat along with the rising health consciousness among consumers are driving the demand for animal feed market in the country. Poultry feed segment is dominating t Read more...
Argentina Animal feed market is expected to grow at a compound annual growth rate of 2.05% over the forecast period to reach a market size of US$7.348 billion in 2024 from US$6.505 billion in 2018. Argentina ranks second in the consumption of the beef per capita in 2016 (Source: FAS/USDA) and increasing beef consumption is considered as the prime driver for the growth of the market. Increasing disposable income and rapid urbanization in the country is expected to fuel the market growth opport Read more...
USA Animal feed market is expected to grow at a compound annual growth rate of 2.40% over the forecast period to reach a market size of US$83.663 billion in 2024 from US$72.568 billion in 2018. Rising consumer awareness about the safety of animal products couple with outbursts of diseases in animals is the major factor contributing to the increasing demand for animal feed during the forecast period. In addition, presence of major market players in the region is further expected to propel the Read more...
South America Animal feed market is expected to grow at a compound annual growth rate of 3.25% over the forecast period to reach a market size of US$47.466 billion in 2024 from US$39.178 billion in 2018. Outbursts of diseases in animal’s couple with rising consumer awareness are the major factor contributing to the increasing demand for animal feed during the forecast period. In addition, growing livestock population in the region is further expected to propel the market growth opportunities Read more...
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