Manufacturing Business of Animal Feed (Cattle, Poultry Broiler, Pig & Fish Feed). Opportunities in Livestock Feed Industry.
Animal feed or animal fodder, as defined by the Food and Agriculture Organization of the United Nations (FAO), are commodities fed to livestock animals, such as cattle, sheep, pigs, goats, chickens and horses, either during the growing phase or when they are being raised to produce meat or other animal products. In simpler terms, animal feed can be said to be any food given to animals to help them grow and develop.
Animal feeds are classified as follows: concentrates, high in energy value, including fat, cereal grains and their by-products (barley, corn, oats, rye, wheat), high-protein oil meals or cakes (soybean, canola, cottonseed, peanut [groundnut]), and by-products from processing of sugar beets, sugarcane, animals, and fish, and ?roughages, including pasture grasses, hays, silage, root crops, straw, and stover (cornstalks). Animal feed is any kind of food given to domestic animals.
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It most commonly refers to fodder used for livestock, but there are also feeds for pets. Materials that are part of animal nutrition can also be called feed by analogy with human food; these include milk produced in lactation and eggs laid by birds. While animals need nutrients from food that they cannot synthesize themselves, feeds have also been created to provide specific nutrients.
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Uses of Animal feed:
Animal feed is an agricultural food product used in animal husbandry. It includes fodder and forage (such as hay, silage or fresh corn), fibers (such as straw or husks), and also concentrates like soybean meal or commercial feeds. Animal feed is used by livestock owners to maintain their animals through feeding, either to provide nutrition for growth or to put on weight before sale; alternatively it can be fed to wild animals kept in zoos or safari parks where natural food is not available.
There are two primary classes of feed: roughages and concentrates. Roughages include hay, straw, silage, compressed fodder and grazing crops raised by self-cultivation that do not require further processing with tools such as chopping/mowing equipment.
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Market Outlook:
The animal feed market is projected to grow at a CAGR of 4.90% to reach US$460.322 billion by 2026, from US$345.434 billion in 2020. Animal feeds are referred to as those products which are responsible for improving animals’ health.?The feed is given in various doses depending on the animal. Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. ?
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The feed helps in enhancing the animal's abilities by providing enriched nutrients along with the feedstuff, accelerating growth and weight gain, and developing immunity. Outbursts of diseases in animals are a major factor contributing to the increasing adoption of animal feed as it enhances the health of the animals and in proper regulation of the food chain. 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 target markets.
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Furthermore, the growing livestock population along with the shift from unorganized livestock farming to the organized sector is further expected to propel the market growth opportunities in the coming years. However, the high price volatility of raw materials is expected to hinder the growth of the market during the forecast period.
Key Players:
·????????Suguna Foods Private Limited
·????????Japfa Comfeeds India Pvt. Ltd.
·????????Venkateshwara Hatcheries Pvt. Ltd.
·????????Anmol Feeds Pvt. Ltd.
·????????Godrej Agrovet Limited (GAVL)
·????????SKM Animal Feeds and Foods (India) Ltd.
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