Report: Animal feed market will grow to $450B by 2021

New report says increase is driven by growth in meat consumption globally

The animal feed market is expected to grow at a compound annual growth rate of 4.02 percent between 2016 and 2021 to $450 billion, according to a new report, “Animal Feed Market – Forecasts from 2016 to 2021,” from Reportstack.

This report provides comprehensive analysis of the animal feed market, and says the increase in demand for animal feed is being driven by the growth in meat consumption across different regions of the world. High growth in the animal feed market is aided by the growth strategies of major players in the form of expansions and investments, which also helps in enhancing the product portfolio and reaching out to new markets. Outbursts of diseases in animals is a major factor contributing to the growing outlook.

Under the report’s market dynamics section, different drivers, restraints, current trends and opportunities in the market have been discussed with detailed analysis. Market analysis has been provided with the help of Porter’s Five Forces model. The other major sub-sections under this section are supplier outlook, industry outlook, industry lifecycle analysis, and value chain.

Scenario analysis has also been provided considering the different factors affecting the animal feed market. Under this section, different scenarios like industry regulations and economic factors have been considered to provide market trends over the forecast period.

The report also provides a comprehensive detail about the animal feed market, by explaining various market segmentations. Opportunities in different regions have been covered with the wide-ranging country level segmentation and forecast for Americas, Europe Middle East and Africa, and Asia Pacific regions.

The competition analysis section lists vendor market share, recent investments by some of the major players, deals, and strategies adopted by them to increase their visibility in the market. Major animal feed manufacturers have been covered as part of this section.