IMARC Group, a leading market research company, has recently releases report titled "Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033," The study provides a detailed analysis of the industry, including the global animal feed market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the animal feed market?
The global animal feed market size was valued at USD 533.4 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 681.8 Billion by 2033, exhibiting a CAGR of 2.8% from 2025-2033.
Factors Affecting the Growth of the Animal Feed Industry:
Population growth:
As the global population continues to expand, so does the demand for food, including animal products like meat, dairy, and eggs. With more mouths to feed, there is an inherent pressure on the agricultural sector to produce more food efficiently. This, in turn, leads to higher demand for animal feed to support the growing livestock and poultry population. Besides this, developing countries, in particular, are experiencing rapid population growth rates. These regions often undergo dietary transitions as incomes rise, leading to increased consumption of animal products. As a result, the demand for animal feed in these areas is rising.
Increasing demand for animal products:
The rising demand for animal products is a major driver of the animal feed market. As incomes rise and lifestyles change, there is a shift towards diets rich in animal protein. This trend is fueled by factors such as urbanization, changing dietary preferences, and growing awareness about the nutritional benefits of animal-based foods. Meeting the increased demand for animal products necessitates larger and more efficient livestock and poultry farming operations. These animals require adequate nutrition to grow and produce quality meat, milk, or eggs. Consequently, the demand for high-quality animal feed rises proportionally to support the nutritional needs of livestock and poultry, thereby aiding in market expansion.
Advancements in feed technology:
Significant technological advancements in feed formulation, processing techniques, and additives play a crucial role in driving the animal feed industry. These innovations aim to improve the nutritional content, digestibility, and overall quality of animal feeds. Moreover, the development of precision nutrition allows for tailored feed formulations based on the specific nutritional requirements of different animal species and production stages. Additionally, advancements in feed processing technologies enhance feed digestibility and reduce wastage, thereby improving feed efficiency. Furthermore, ongoing advancements in sustainable feed production practices, such as utilizing alternative protein sources like insects or algae, thereby addressing concerns related to environmental sustainability and resource efficiency in animal feed production are contributing to the market growth.
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Animal Feed Market Report Segmentation:
Breakup by Form:
- Pellets
- Crumbles
- Mash
- Others
Breakup by Animal Type:
- Swine
- Starter
- Finisher
- Grower
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Turkeys
- Others
- Aquaculture
- Carps
- Crustaceans
- Mackeral
- Milkfish
- Mollusks
- Salmon
- Others
- Others
Breakup by Ingredient:
- Cereals
- Oilseed Meal
- Molasses
- Fish Oil and Fish Meal
- Additives
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Feed Enzymes
- Feed Acidifiers
- Others
- Others
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys the leading position in the market due to its large and rapidly growing population, rising disposable incomes, and increasing demand for animal products.
Global Animal Feed Market Trends:
The growing trend towards pet ownership and the increasing humanization of pets, with consumers treating their pets as family members is providing an impetus to the market growth. In confluence with this, rising concerns about food safety and quality spurring the demand for feed additives and formulations that enhance food safety standards and ensure product quality are presenting lucrative opportunities for market expansion. Furthermore, the expansion of aquaculture operations due to the surging demand for seafood has bolstered the need for specialized aquafeed formulations to support the nutritional requirements of farmed fish and shrimp species, propelling the market forward.
Who are the key players operating in the industry?
The report covers the major market players including:
- Archer-Daniels-Midland Company
- Cargill Incorporated
- Charoen Pokphand Group
- Dupont De Nemours Inc.
- Evonik Industries AG (RAG-Stiftung)
- ForFarmers N.V.
- Kemin Industries Inc.
- Nutreco N.V (SHV Holdings)
- Perdue Farms Inc.
- Tyson Foods Inc.
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