Market Forecast By Form (Pellets, Crumbles, Mash, Others), By Species (Poultry, Ruminants, Aqua, Swine, Others), By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Vitamins, Minerals, Others) And Competitive Landscape
Product Code: ETC018452 | Publication Date: Oct 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Russia Animal Feed market currently, in 2023, has witnessed an HHI of 807, Which has increased slightly as compared to the HHI of 684 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Russia Animal Feed Market report thoroughly covers the market by form, species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Russia Animal Feed Market is one of the fastest-growing sectors in the country's agriculture and livestock industries. Despite the challenges such as logistics and distribution channels, feed quality issues, and high-cost risks of raw materials, the market offers numerous opportunities for businesses and investors. The increasing demand for animal protein and the government's commitment to modernize the sector suggest that the market is poised for continued growth in the coming years.
According to 6Wresearch, the Russian animal Feed Market size is anticipated to reach $1,174.7 billion, registering a CAGR of 4.1% during the forecast period of 2025-2031. The main drivers of growth in the market are the increasing demand for animal protein, the expansion of the livestock sector, and the government's efforts to modernize the agricultural sector. The government has set ambitious targets for the development of the agriculture and livestock sectors as part of its national agenda. The state is investing heavily in infrastructure, technology, and research and development to ensure the sustainable growth of these sectors. Despite the growth and potential in the Russia animal feed market, several challenges remain. One of the key challenges is the lack of efficient logistics and distribution channels, which cause delays and additional costs. Other challenges include feed quality issues, the high cost of raw materials, and constraints in accessing loans and financing. The market is witnessing several trends that are likely to shape its future direction. One of the most significant trends is the increasing demand for complete feed and premixes, which are more convenient and cost-effective for farmers. In addition, there is a growing interest in natural and organic feed products, which are perceived as healthier and more environmentally friendly options.
The government has implemented several policies to support the Russia Animal Feed Market Growth over the years. One such policy includes the creation of a federal program on the development of the agricultural sector. Through this program, the state aims to increase the local production of compound feed and increase the efficiency of its production, thereby ensuring the sustainable growth of the animal industry. Additionally, the government has reduced the VAT rates on feed mixes used for livestock to promote their use by farmers. Furthermore, the government of Russia has an initiative that supports the promotion of small and medium-sized businesses that are willing to invest in the animal feed market. They can access grants that support their development and expansion. These businesses may make significant contributions to the industry, particularly in the protein sector. These initiatives are potential opportunities for new investments and partnerships, leading to a conducive business environment for start-ups and small-scale businesses.
In Russia, there are several prominent players in the Russia animal feed industry, including Agronova Group, Agro-Belogorye Group, and TopFeed. These companies account for a significant market share within the industry and have established themselves as reputable players. Agronova Group, for example, produces and sells feeds for cattle, pigs, and poultry. The Group's manufacturing facilities are in different regions in Russia to ensure easy access to raw materials, which ensures the production of high-quality products. Similarly, Agro-Belogorye Group is a leading Russian company in the production of animal feed, including compound and single-component feed, protein-vitamin-mineral supplements, and premixes as well as high-quality forage production.
According to Nikhil, Senior Research Analyst, 6Wresearch, the mash segment is forecast to hold the dominant position in the market as it is easy to digest by the animals, is more palatable allows for precise feeding, and has a longer shelf life.
By Species, poultry dominated the Russian animal Feed Market Share during the forecast period. The second most dominant species was swine, followed by ruminants.
By Type, Probiotics had the most significant market share, followed by vitamins. While there has been limited growth in other segments, the enzyme segment had the highest growth potential.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Russia Animal Feed Market Overview |
3.1 Russia Country Macro Economic Indicators |
3.2 Russia Animal Feed Market Revenues & Volume, 2021 & 2031F |
3.3 Russia Animal Feed Market - Industry Life Cycle |
3.4 Russia Animal Feed Market - Porter's Five Forces |
3.5 Russia Animal Feed Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Russia Animal Feed Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Russia Animal Feed Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Russia Animal Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Russia Animal Feed Market Trends |
6 Russia Animal Feed Market, By Types |
6.1 Russia Animal Feed Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Russia Animal Feed Market Revenues & Volume, By Form, 2021 - 2031F |
6.1.3 Russia Animal Feed Market Revenues & Volume, By Pellets, 2021 - 2031F |
6.1.4 Russia Animal Feed Market Revenues & Volume, By Crumbles, 2021 - 2031F |
6.1.5 Russia Animal Feed Market Revenues & Volume, By Mash, 2021 - 2031F |
6.1.6 Russia Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Russia Animal Feed Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Russia Animal Feed Market Revenues & Volume, By Poultry, 2021 - 2031F |
6.2.3 Russia Animal Feed Market Revenues & Volume, By Ruminants, 2021 - 2031F |
6.2.4 Russia Animal Feed Market Revenues & Volume, By Aqua, 2021 - 2031F |
6.2.5 Russia Animal Feed Market Revenues & Volume, By Swine, 2021 - 2031F |
6.2.6 Russia Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Russia Animal Feed Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Russia Animal Feed Market Revenues & Volume, By Acidifiers, 2021 - 2031F |
6.3.3 Russia Animal Feed Market Revenues & Volume, By Probiotics, 2021 - 2031F |
6.3.4 Russia Animal Feed Market Revenues & Volume, By Enzyme, 2021 - 2031F |
6.3.5 Russia Animal Feed Market Revenues & Volume, By Antioxidants, 2021 - 2031F |
6.3.6 Russia Animal Feed Market Revenues & Volume, By Antibiotics, 2021 - 2031F |
6.3.7 Russia Animal Feed Market Revenues & Volume, By Vitamins, 2021 - 2031F |
6.3.8 Russia Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F |
6.3.9 Russia Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F |
7 Russia Animal Feed Market Import-Export Trade Statistics |
7.1 Russia Animal Feed Market Export to Major Countries |
7.2 Russia Animal Feed Market Imports from Major Countries |
8 Russia Animal Feed Market Key Performance Indicators |
9 Russia Animal Feed Market - Opportunity Assessment |
9.1 Russia Animal Feed Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Russia Animal Feed Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Russia Animal Feed Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Russia Animal Feed Market - Competitive Landscape |
10.1 Russia Animal Feed Market Revenue Share, By Companies, 2024 |
10.2 Russia Animal Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |