Animal Feed Market - Global Forecast to 2030: Rising Demand for Animal-based Products Increasing Livestock Production and Utilization of Animal Feed [Yahoo! Finance]
BRF S.A. (BRFS)
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Source: Yahoo! Finance
The animal feed market is projected to reach $961.2 billion by 2030, at a CAGR of 4.6% during the forecast period 2023-2030 The report provides an in-depth analysis of the global animal feed market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030. The growth of this market is driven by the increasing commercialization of the livestock sector, the rising demand for animal-based products, and the growing focus on research & development in the animal feed sector. However, fluctuating raw material prices restrain the growth of this market. Additionally, the growing awareness about animal health is expected to generate growth opportunities for the players in this market. Asia-Pacific is slated to register the highest CAGR during the forecast period, mainly due to growing support by the government to strengthen the agricultural sector, economic expansion, increasing focus on animal productivity, and moderniza
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- 4/19/24 - Form 20-F
- BRFS's page on the SEC website