Australia Animal Feed Market Growth, Trends, Size, Demand, Share, Revenue and Future Outlook
Australia Animal Feed Market Size- By Product, By Livestock- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FOOD2463 | Pages: 1 - 109 | Formats*: |
| Category : Food & Beverages | |||
Australia Animal Feed Market Introduction and Overview
According to SPER Market Research, the Australia Animal Feed Market is estimated to reach USD 6.95 billion by 2033 with a CAGR 3.32%.
The report includes an in-depth analysis of the Australia Animal Feed Market, including market size and trends, product mix, distribution channels, and supplier analysis. Designed to satisfy the dietary requirements of cattle, poultry, and aquaculture, animal feed is an essential part of contemporary agriculture. It is made up of grains, sources of high-quality protein, vitamins, and minerals that improve animal growth, health, and product quality. Carefully combining feed ingredients results in balanced diets that provide the best possible performance for animals. Innovations that are becoming more and more popular include sustainable sourcing and precise nutrition. Good feed is essential for productive cattle farming, which affects worldwide supply chains and food production. The animal feed industry is essential to maintaining ethical and sustainable standards for the livestock industry as agriculture changes.
- Cargill and BASF partnered in the animal nutrition industry in October 2021, expanding their feed enzyme distribution agreements to include new markets and enhanced R&D resources. The partnership aims to develop, produce, market, and sell animal-focused enzyme products and solutions, particularly swine products.
- Coppens Diervoeding, a Dutch feed manufacturer with a focus on pig farming, was acquired by De Heus in July 2021. De Heus intended to get 400k more regional traction and double its production capacity with this acquisition.
Market Opportunities and Challenges:
Opportunities: Urbanization and the growing population's desire for meat products are the main drivers of the Australian animal feed market. The market for high-quality feed is driven by rising consciousness of animal nutrition as well as an emphasis on the productivity and health of animals. The expansion of the market is attributed to economic development and a shift towards diets higher in protein. The region's modernization of livestock production is clearly one of the key factors driving the animal feed market's expansion. The modernization of farming operations is driving up demand for effective and high-quality feed solutions. In order to meet the growing demand for protein and increase productivity, advanced technology, efficient supply networks, and optimized production methods are used. Significant market expansion is being facilitated by the revolutionary transition toward industrialized animal production, which represents a dynamic and sustainable trend for Animal feed market
Challenges: Prices of Variable Raw Materials Unpredictable raw material prices are a problem facing the Asia Pacific animal feed market, which increases operational uncertainty for industry participants. Proactive steps, including strategic hedging, have become important defenses, nevertheless, as they serve to protect the market from abrupt price swings. Nevertheless, the industry needs to constantly adapt and use cutting-edge risk management techniques due to the persistent volatility.
Market Competitive Landscape
Charoen Pokphand Foods PCL, Cargill Incorporated, ADM Animal Nutrition, Alltech Inc., Novus International, DSM Nutritional Products AG, Evonik Industries AG, BASF SE, Lallemand Inc., and Zinpro Corp. are some of the major companies in the animal feed market. Additionally, these organizations are concentrating on investments in innovations, partnerships, and expansions in order to increase their market share and reach.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Livestock |
| Regions covered | Eastern, Western, Northern, Southern |
| Companies Covered | Charoen Pokphand Foods PC, Cargill Incorporated, ADM Animal Nutrition, Alltech Inc, Novus International, DSM Nutritional Products AG, Evonik Industries AG, BASF SE, Lallemand Inc, Zinpro Corp, Others |
COVID-19 Impact on Australia Animal Feed Market
Agriculture and food production have been designated as important sectors during the COVID-19 pandemic. In order to feed an expanding number of consumers in Asia-Pacific, producers have so continued to provide farm animals high-quality nourishment. Disruption to the supply chain, however, is now the biggest factor influencing the animal feed industry. China is a significant producer and exporter of animal feed, and while enterprises were idle for the Lunar New Year, it stockedpiled enough goods for two to three months' supply during the COVID-19 outbreak. Logistics problems have also made it difficult to obtain ships and containers and to deliver some micro-ingredients.
Key Target Audience:
- Livestock Farmers
- Pet Owners
- Feed Producers
- Veterinarians
- Research Institutions
- Government Agencies
Our in-depth analysis of the Australia Animal Feed Market includes the following segments:
| By Product: |
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| By Livestock: |
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Key Topics Covered in the Report:
- Australia Animal Feed Market Size (FY’2024-FY’2033)
- Overview of Australia Animal Feed Market
- Segmentation of Australia Animal Feed Market By Product (Fodder, Forage)
- Segmentation of Australia Animal Feed Market By Livestock (Pork, Aquatic Animals, Cattle, Poultry)
- Expansion Analysis of Australia Animal Feed Market
- Problems and Obstacles in Australia Animal Feed Market
- Competitive Landscape in the Australia Animal Feed Market
- Impact of COVID-19 and Demonetization on Australia Animal Feed Market
- Details on Current Investment in Australia Animal Feed Market
- Competitive Analysis of Australia Animal Feed Market
- Prominent Players in the Australia Animal Feed Market
- SWOT Analysis of Australia Animal Feed Market
- Australia Animal Feed Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Australia Animal Feed Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Australia Animal Feed Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Australia Animal Feed Market
7. Australia Animal Feed Market, By Product (USD Million) 2020-2033
7.1. Australia Animal Feed Market Size, Share and Forecast, By Product, 2020-20267.2. Australia Animal Feed Market Size, Share and Forecast, By Product, 2027-20337.3. Fodder7.4. Forage
8. Australia Animal Feed Market, By Livestock (USD Million) 2020-2033
8.1. Australia Animal Feed Market Size, Share and Forecast, By Livestock, 2020-20268.2. Australia Animal Feed Market Size, Share and Forecast, By Livestock, 2027-20338.3. Pork8.4. Aquatic Animals8.5. Cattle8.6. Poultry
9. Australia Animal Feed Market Forecast, 2020-2033 (USD Million)
9.1. Australia Animal Feed Market Size and Market Share
10. Australia Animal Feed Market, By Region, 2020-2033 (USD Million)
10.1. Australia Animal Feed Market Size and Market Share By Region (2020-2026)10.2. Australia Animal Feed Market Size and Market Share By Region (2027-2033)10.3. Eastern10.4. Western10.5. Northern10.6. Southern
11. Company Profile
11.1. Charoen Pokphand Foods PC11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Cargill Incorporated11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. ADM Animal Nutrition11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Alltech Inc11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Novus International11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. DSM Nutritional Products AG11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Evonik Industries AG,11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. BASF SE11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Lallemand Inc11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Zinpro Corp11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The animal feed industry is essential to maintaining ethical and sustainable standards for the livestock industry as agriculture changes.
Australia Animal Feed Market is projected to reach USD 6.95 billion by 2033, growing at a CAGR of 3.32% during the forecast period.
Australia Animal Feed Market grew in Market size from 2022. The Market is expected to reach USD 6.95 billion by 2033, at a CAGR of 3.32% during the forecast period.
Australia Animal Feed Market CAGR of 3.32% during the forecast period.
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Australia Animal Feed Market size is USD 6.95 billion from 2024 to 2033.
Australia Animal Feed Market Segment is covered By Product, By Livestock.
The Asia Pacific is anticipated to have the highest Market share in the Australia Animal Feed Market.
The key players in the Market include Companies Covered Charoen Pokphand Foods PC, Cargill Incorporated, ADM Animal Nutrition, Alltech Inc, Novus International, DSM Nutritional Products AG, Evonik Industries AG, BASF SE, Lallemand Inc, Zinpro Corp, Others.
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