Market research firms give insight into international markets
Two new reports detail the animal feed markets in India and China.
“Animal Feed Market in India 2014,” from Market Reports Online, highlights the competitive market scenario of the Indian animal feed market and its growth prospects. The Indian animal feed market is experiencing rising demand due to various driving factors which, in turn, have been instrumental in providing immense opportunities to manufacturers to grow and operate in the market lucratively.
The Indian animal feed market is classified into three broad segments: poultry feed, cattle feed and aquafeed. The report also gives an insight into further segmentation of these sub-markets.
There are certain factors that have predominantly worked toward enabling the animal feed sector to grow in recent years. These include growth in livestock population, untapped market potential, increasing domestic consumption of animal products and growth of end-user industries.
In addition to these, the other factors which are contributing to the rapid growth of the industry include favorable demographics and increase in disposable income. For the animal feed segment, various governmental policies and schemes are being implemented under the 12th Five Year Plan. These initiatives are aimed at improving the status of the animal feed industry to support future demand.
According to “Animal Feed Markets in China” from Report Linker, China’s demand for animal feed has grown at a fast pace in the past decade. In the next decade, production and demand will continue to grow.
The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import and export, consumer consumption and capital investment for more than two decades. This new study examines China’s economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2004, 2009 and 2014) and long-term forecasts through 2019 and 2024 are presented. Major producers in China are profiled.