Animal Food Manufacturing Market Characteristics
The animal food manufacturing market consists of sales of animal foods by entities (organizations, sole traders and partnerships) that produce animal food (except dog and cat food and cattle feed), such as fish food, livestock feeds, poultry feeds, bird feeds, earthworm food, rabbit food and others.
Competitive Landscape of the Animal Food Manufacturing Market
Major players in the global animal food manufacturing market include Chomp, Inc., Newman's Own Organic, BilJac Foods Inc., Annamaet PetFoods, Bell Rock Growers Inc.
Animal Food Manufacturing Market Size
The animal food manufacturing market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the animal food manufacturing market is due to emerging markets growth, increase in disposable income and improved earning capacity.
However, the market for animal food manufacturing is expected to face certain restraints from several factors such as health scares, tax increases, talent crunch and changing consumer preferences.
Animal Food Manufacturing Market Segmentation
The global animal food manufacturing market is further segmented based on type and geography.
By Type - The animal food manufacturing market is segmented into poultry feed, cattle feed, aquaculture feed, other animal food.
By Geography - The global animal food manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific animal food manufacturing market accounts the largest share in the global animal food manufacturing market.
Trends in the Animal Food Manufacturing Market
Companies in the animal foods industry are increasingly producing bio-based/natural inputs including insect-based food using feed technology that supports health and vigour of the animal population, as the major trends witnessed in the global animal food manufacturing market.
Potential Opportunities in the Animal Food Manufacturing Market
With busy lifestyle, influence of social media on the market, impact of new cuisines on the market, low cost foods, the scope and potential for the global animal food manufacturing market is expected to significantly rise in the forecast period.