Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word feed more often refers to fodder. Animal feed is an important input to animal agriculture, and is frequently the main cost of the raising animals. Farms typically try to reduce cost for this food, by growing their own, grazing animals, or supplementing expensive feeds with substitutes, such as food waste like spent grain from beer brewing.
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Animals in general require the same nutrients as humans. Some feeds, such as pasture grasses, hay and silage crops, and certain cereal grains, are grown specifically for animals. Other feeds, such as sugar beet pulp, brewers’ grains, and pineapple bran, are by-products that remain after a food crop has been processed for human use. Surplus food crops, such as wheat, other cereals, fruits, vegetables, and roots, may also be fed to animals.
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Uses of Animal feed:
Feeding livestock is an important part of modern agricultural production. In addition to providing a supply of high-quality protein for human consumption, livestock provide services in reducing erosion and soil compaction caused by overgrazing and in nutrient cycling. However, crop yields are much lower when nutrients from manure are recycled through crops because crops also use nitrogen from soil organic matter that has accumulated due to recycling.
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This means that fields must be fertilized with mineral fertilizer which loses its efficacy after several years. Because of these concerns about mineral fertilizer overuse, it may be more efficient to produce livestock products than plant products for human consumption.
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In general though animal feed will consist of four main ingredients: protein-rich components such as oil seeds or soybeans; carbohydrate-rich components such as maize or barley; fibre sources such as wheat bran or cassava root; and roughage in the form of hay, silage or straw.
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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.
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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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