REPORT OBJECTIVES
The report Animal Feed : Global Market Intelligence ( 2023-2030 ) provides market intelligence on the different market segments, based on Form, Animal Type, Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents – selected experts from manufacturers and selected suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES
The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT
• The Animal Feed market was valued at $552.3 Million in 2020, and is projected to reach $820.5 Million by 2030 growing at a CAGR of 4.61% from 2021 to 2030.
• Pellets segment is expected to be the highest contributor to this market, with $281.3 Million in 2020, and is anticipated to reach $410.1 Million by 2030, registering a CAGR of 4.39%.
• Crumbles segment is anticipated to reach $241.0 Million by 2030 with the highest CAGR of 5.20%.
• Pellets and Crumbles segments collectively expected to account for about 78.9% share of the Animal Feed market in 2020, with the former constituting around 50.9% share.
• Crumbles and Pellets segments are expected to witness significant growth rates at a CAGR of 5.20% and 4.39% respectively, during the forecast period.
• Presently, share of these two segments is estimated to be around 78.9% in the overall Animal Feed market in 2020, and is anticipated to reach 79.3% by 2030.
• The global animal feed market is driven by the increasing demand for high-quality protein sources in the form of meat, dairy, and eggs, as a growing global population seeks a more protein-rich diet.
• Additionally, the rising awareness of the importance of animal nutrition and health is fueling the demand for specialized and customized feed solutions.
• On the opportunity front, the push towards sustainable and eco-friendly farming practices presents a significant avenue for market growth, with a focus on innovative feed formulations that improve feed efficiency and reduce environmental impact.
• Furthermore, the expansion of the aquaculture industry and the need for advanced aquatic feeds, coupled with the development of novel ingredients and additives, offer prospects for market players to capitalize on evolving consumer preferences and regulatory requirements in the animal feed sector..