Animal Feed Market By Ingredient Type (Grains, Oilseeds, Meals, Fats, Hay, Supplements), By Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), By Form (Pellets, Crumbles, Mash, Cubes, Liquid), By Geographic Scope and Forecast

Animal Feed Market Size and Forecast

Animal Feed Market size was valued at USD 519.5 Billion in 2024 and is projected to reach USD 673.57 Billion by 2031, growing at a CAGR of 3.30% from 2024 to 2031.

• Animal feed is the nourishment provided to domestic animals, particularly livestock, as part of their care and management. It encompasses a diverse range of items like grains, forages, silages, and processed feeds that supply nutrients for growth, maintenance, reproduction, and lactation.
• Formulated diets frequently comprise a well-balanced combination of protein, vitamins, minerals, and energy sources to promote animal health and productivity. The quality and type of feed have a considerable impact on the health, development rate, and production efficiency of animals, making it an important part of modern agriculture and animal husbandry.
• The future of animal feed is expected to see tremendous expansion and innovation, driven by rising worldwide demand for animal protein, sustainable agriculture methods, and biotechnology advancements. As the world’s population grows, there is an increasing demand for economical and environmentally friendly animal nutrition solutions that can boost livestock productivity while reducing environmental effects. Precision feeding, alternative protein sources, and feed additives designed to promote gut health and minimize methane emissions are all likely to impact the market.

Global Animal Feed Market Dynamics

The key market dynamics that are shaping the global animal feed market include

Key Market Drivers

• Population growth and urbanization As the world’s population grows, particularly in cities, there is a greater demand for animal-based protein sources including meat, eggs, and milk. This directly increases demand for animal feed to support livestock output.
• Increased Livestock ProductionModern farming practices frequently focus on increasing output to meet increased demand. This involves a greater utilization of animal feed to optimize growth rates, improve feed conversion efficiency, and boost output. Changes in livestock production practices and intensification are increasing the demand for specialized feeds that improve animal health, growth rates, and output quality.
• Consumer Awareness and Preferences As consumers become more conscious of animal welfare, sustainability, and health consequences, feed composition changes. Innovations in feed formulas are driven by preferences for certain product features (for example, omega-3-enriched eggs or antibiotic-free meat).
• Technological Advances Innovations in feed processing technologies, precision farming, and digital solutions (such as IoT in livestock management) improve feed efficiency and productivity. Genetic developments in feed crops (for example, high-protein cereals) have an impact on the market.

Key Challenges

• Raw Material Availability and Pricing Weather circumstances, geopolitical conflicts, and market demand can all cause prices for important raw commodities such as corn, soybeans, and other grains to fluctuate significantly. Natural disasters, political instability, and pandemics can all disrupt supply chains, influencing the availability and pricing of raw commodities.
• Regulatory Compliance Different countries have different regulations governing the production, labeling, and distribution of animal feed, forcing businesses to adapt to multiple standards. Ensuring feed safety and quality to prevent contamination and maintain animal health can be difficult, necessitating continual monitoring and compliance with safety requirements.
• Animal health and nutrition Disease outbreaks like avian influenza or African swine fever can have a significant impact on feed demand and production. Creating feed that fits the nutritional requirements of many animal species and growth stages can be difficult.
• Sustainability Concerns The manufacturing of animal feed can have serious environmental consequences, such as deforestation, water consumption, and greenhouse gas emissions. There is growing demand to implement more sustainable methods. It is critical to efficiently manage resources to reduce waste and the environmental impact of feed production.

 Key Trends

• Increased demand for protein-rich diets As the world’s population and affluence expand, so does the demand for protein-rich diets, especially in emerging economies. This increases the requirement for higher livestock production, which raises the need for animal feed.
• Shift to Natural and Organic Food Ingredients Consumers are more concerned about their health and the environment, which is contributing to a desire for natural and organic feed ingredients. This tendency applies to both the livestock and pet feed markets, influencing component procurement and formulation.
• Rising Investment in the Aquafeed Sector With the increasing demand for seafood and aquaculture products, there is a greater emphasis on aquafeed production. This sector is seeing increased investment in research and development to improve feed efficiency and nutritional quality for aquatic animals.
• Emerging Trends in Functional Feeds Functional feeds, which include additives such as probiotics, prebiotics, and enzymes, are gaining popularity due to their potential health advantages in cattle and pets. These meals aim to promote digestion, immunity, and overall animal health.

Global Animal Feed Market, Regional Analysis

Here is a more detailed regional analysis of the global animal feed market

North America

• Corn and soybeans, which are important elements in animal feed, are mostly grown in North America, specifically in the United States and Canada. The region produces a lot of wheat and barley, which helps to diversify the feed material base. North American grains are noted for their high nutritional value and consistent quality because of modern agricultural practices and regulatory norms.
• Efficient transportation and storage infrastructure ensures that feed ingredients arrive on time and are available in North American domestic and export markets. The region has advanced feed milling technology that allows for exact formulation and manufacture of tailored feeds. Continuous innovation in feed additives, nutritional research, and manufacturing procedures improves product efficacy and animal health results in North America. The region’s broad agricultural base and adaptive industry structure provide for greater flexibility in responding to market trends and changes in consumer preferences.
• Furthermore, North American feed producers make significant investments in research and collaboration with nutritionists and veterinarians to improve feed compositions. Strict controls assure the safe and effective use of chemicals, antibiotics, and growth promoters, in line with consumer and regulatory needs in North America. Vertical integration in farming and agribusiness enables for more efficient supply chains and cost savings in feed production and distribution in North America.
• Additionally, North American countries are important exporters of animal feed and feed additives, catering to markets in Asia, Europe, and beyond. North American free trade agreements and favorable export policies help to improve market access and competitiveness in international trade. North American feed producers pursue sustainability activities such as lowering greenhouse gas emissions, conserving water, and supporting responsible feed component procurement, which aligns with global sustainability goals.
• Compliance with strict environmental legislation and sustainability programs assures responsible farming operations in North America. Meeting customer expectations for sustainable sourcing and animal welfare practices strengthens North America’s market leadership. North America advantages from well-established trade agreements, logistical infrastructure, and international market access. This allows for the export of feed ingredients and finished feed products, increasing market reach and competitiveness on a worldwide scale.

Asia Pacific

• Rising earnings, urbanization, and shifting dietary preferences toward protein-rich diets have all contributed to the region’s large increase in meat consumption. This jump in meat demand needs more livestock output, which raises the demand for animal feed. Asia-Pacific’s rising population and economic growth, particularly in China, India, and Southeast Asia, are driving up demand for food, including meat and dairy products. Economic progress has lifted millions out of poverty, resulting in greater intake of animal protein, which drives up demand for livestock feed.
• In many Asia-Pacific countries, livestock and poultry investment is driven by agricultural industrialization. This tendency promotes larger-scale and more intense livestock and poultry agricultural operations. Technological adoption, which includes the use of contemporary farming practices and technologies such as enhanced genetics, better feed formulations, and precision feeding systems, boosts animal productivity and efficiency.
• Furthermore, small-scale farmers in Asia-Pacific are shifting away from traditional, locally derived feeds or by-products and toward commercial feed production. Commercial animal feed, produced by feed mills and companies that offer specific formulations, provides superior nutrition and growth rates for animals, encouraging farmers to use it for increased output. The emphasis on aquaculture and fisheries in Asia-Pacific, which dominates the worldwide aquaculture business, generates enormous demand for aquafeed.
• Asia-Pacific governments are introducing supporting agricultural policies to enhance productivity, such as feed production subsidies, rural infrastructure investments, and funding for animal nutrition research and development. Regulatory frameworks governing food safety, environmental sustainability, and animal welfare impact feed production processes, encouraging compliance and innovation in the industry.
• Additionally, emerging developments in feed ingredients and technology include a growing interest in alternative feed ingredients such as plant proteins, algae, and insect meal, which is motivated by environmental concerns and the need for diverse feed sources. Asia-Pacific is a key importer of feed materials such as soybean meal, corn, and fishmeal, which affects worldwide trade patterns and prices. Some countries in the region, like as Thailand and Vietnam, have become major exporters of aquafeed and other specialist feeds, helping to drive regional market expansion.

Global Animal Feed MarketSegmentation Analysis

The Global animal feed market is segmented on the basis of Ingredient Type, Livestock, Form and Geography.

Animal Feed Market, By Ingredient Type

• Grains
• Oilseed
• Meals
• Fats
• Hay
• Supplements

Based on Ingredient Type, the Global Animal Feed Market is segmented into grains, oilseeds, meals, fats, hay, supplements. Grains are the dominant segment in terms of volume and value. Grains such as corn, wheat, and barley are staple ingredients because of their vast availability, low cost, and nutritional value to numerous animal species. On the other hand, the oilseed meal industry is quickly expanding. This growth is being driven by rising demand for protein-rich feeds such as soybean meal and canola meal, which are critical for livestock growth and productivity.

Animal Feed Market, By Livestock

• Poultry
• Swine
• Ruminants
• Aquaculture
• Pets

Based on livestock, the Global Animal Feed Market is segmented into poultry, swine, ruminants, aquaculture, and pets. A variety of reasons contribute to the poultry segment’s dominance. Poultry production, particularly broilers and egg-laying hens, necessitates significant feed inputs, resulting in persistent and widespread demand for feed. On the other hand, the aquaculture industry is quickly expanding. As global seafood consumption grows and wild fish supplies face sustainability concerns, aquaculture has emerged as an important source of fish and seafood production.

Animal Feed Market, By Form

• Pellets
• Crumbles
• Mash
• Cubes
• Liquid

Based on the Form, the Global Animal Feed Market is segmented into pellets, crumbles, mash, cubes, liquid. Pellets are the dominant segment. Pelleted feed has several advantages, including reduced feed waste, greater feed efficiency, and ease of handling, making it a popular choice in intensive livestock operations throughout the poultry, swine, and cattle sectors. On the other hand, the liquid feed market is quickly expanding. Liquid feeds are gaining popularity due to their ease of use in feeding systems, ability to incorporate numerous additives, and compatibility with automated feeding technology.

Animal Feed Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Global Animal Feed Markets are classified into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is the most prominent segment in terms of consumption and production. This region has some of the world’s largest and fastest-growing populations, resulting in strong demand for beef, dairy, and aquaculture products.   While North America and Europe maintain solid positions due to improved agricultural methods and tight regulatory standards, Asia Pacific’s rapid economic expansion and expanding livestock industry make it the fastest growing category in the global animal feed market.

Key Players

The “Animal Feed Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Cargill, Incorporated, Suguna Foods Private Limited, Japfa Comfeeds India Pvt. Ltd., Land O’Lakes, Archer Daniels Midland Company (ADM), De Heus, ForFarmers, Godrej Agrovet Limited (GAVL), SKM Animal Feeds & Foods (India) Private Limited, Avanti Feeds Limited.

 Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Animal Feed Market Recent Developments

• In April 2024, Phibro Animal Health will acquire Zoetis’ medicated feed additive (MFA) product portfolio, certain water-soluble products and related assets for US$350 million. Zoetis has sold a part of its portfolio to Phibro Animal Health to focus on animal health, productivity, and sustainability solutions. The move aligns with Zoetis’ strategy to invest in vaccines, biologics, and genetic programs for livestock. CEO Kristin Peck reaffirmed commitment to innovation for livestock customers, believing Phibro will maximize the value of the transferred portfolio through its global customer relationships.
• In December 2023, Ridley to acquire Oceania Meat Processors. Oceania Meat Processors (OMP) is a premium producer of mechanically deboned meat and other raw materials for global pet food customers. Ridley, through its acquisition of OMP, aims to bolster its ingredient recovery strategy in the pet food industry. OMP specializes in premium mechanically deboned meat (MDM) frozen block products, enhancing Ridley’s product offerings for suppliers and pet food customers globally. This acquisition significantly expands Ridley’s capacity to serve both domestic and international markets, presenting substantial growth opportunities for the company, its suppliers, and customers alike.

Report Scope

Research Methodology of Market Research