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Download Free sampleThe global Feed and Aquafeed market was valued at 4902.28 Million USD in 2021 and will grow with a CAGR of 2.01% from 2021 to 2027.
The prime objective of Feed and Aquafeed Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Feed and Aquafeed Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Animal feed is food given to domestic animals(including chickens, turkeys, cows, pigs, sheep, and fish and etc.) in the course of animal husbandry.Animal food, which includes feed ingredients, mixed feed, medicated feed, and Pet food, including dry and canned food and pet treats, is considered to be animal feed. A feed ingredient is a component part or constituent or any combination/mixture added to and comprising the feed. Feed ingredients might include grains, milling byproducts, vitamins, minerals, fats/oils, and other nutritional and energy sources. Feed ingredients can also include substances that are intended to affect the characteristics or properties of animal feed such as enzymes, processing aids, anticaking agents, and stabilizers. Drugs may be added to some animal feeds to prevent or treat diseases, or to improve animal growth and productivity. Aquafeed is special collocation food for aquatic animals considering essential nutrients and ingredients. Asia, especially China, is the largest producer and consumer of Feed and is expected to retain the higher growth rate during the next five years due to strong growth in domestic animal breeding industry. Actually, that is why manufacturers have several plants, usually close to aimed demand market. The Feed industry is highly dispersion; there are more than one hundred manufacturers (production 20 K MT grade) in the world, the top 17 manufacturer`s sales account only about 18% of global.
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