Animal Feed Market Size, Share, Trends, Industry Analysis Report: By Type (Antibiotic, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Vitamin, and Others), Livestock, Form, Composition, and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Nov-2024
- Pages: 118
- Format: PDF
- Report ID: PM1133
- Base Year: 2024
- Historical Data: 2020-2023
Animal Feed Market Overview
The animal feed market size was valued at USD 564.78 billion in 2024. The market is projected to grow from USD 588.50 billion in 2025 to USD 859.62 billion by 2034, exhibiting a CAGR of 4.3% from 2025 to 2034.
Animal feed is an essential source of nutrients for the growth, health, and productivity of animals. It is composed of a variety of ingredients such as grains, protein meals, fats, and minerals. Different types of animal feed are formulated to meet the specific nutritional requirements of various animals and their intended purposes.
The rising demand for animal protein, with the growing global population, has been a major driver for the animal feed market. For instance, according to the Food and Agriculture Organization (FAO) of the United Nations Outlook 2023, the production of animal proteins is anticipated to increase by approximately 1.7% annually. Therefore, the increase in the need for animal protein is driving the market growth of the animal feed market.
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The animal feed market is further driven by the increased demand for dairy products due to their health benefits and diverse applications. For instance, according to the Food and Agriculture Organization (FAO), India's cattle population reached 193.2 million in 2021. The increase in cattle farming in various regions is driven by the fact that cattle are the primary source of a diverse range of dairy products, including milk, cream, butter, yogurt, and cheese. Therefore, an increase in cattle farming is propelling market expansion.
Animal Feed Market Trends and Drivers Analysis
Expansion of Livestock Industry
The increasing demand for livestock products, including meat, dairy, and eggs, is driving the animal feed market. The importance of animal nutrition in meeting the growing protein requirements is a major factor in the expansion of livestock production. For instance, in 2021, according to the Food and Agriculture Organization of the United Nations, global meat production reached 316 million tonnes, with chicken, pig, and cattle as the primary sources. As economies develop and incomes rise, there is a substantial increase in the consumption of meat, dairy, and eggs. Therefore, the increase in livestock production is driving animal feed market growth.
Adoption of Advanced Technologies
Advancements in feed production technology are transforming the animal feed market, boosting efficiency and sustainability. Companies are also delving into alternative feed ingredients like insect protein and algae to reduce dependence on conventional grains and soy. For instance, in August 2024, Allozymes announced its collaboration with Adisseo to leverage rapid microfluidics technology for the advancement of next-generation animal feed production. The partnership signifies a notable stride toward enhancing sustainability within the animal feed industry. Their collaborative efforts will initially focus on creating an innovative, eco-friendly method for producing methionine, an indispensable amino acid essential for promoting optimal animal health, development, and overall performance. Therefore, such technological advancements are improving feed production and driving animal feed market growth.
Animal Feed Market Segment Analysis
Animal Feed Market Assessment by Livestock
The animal feed market segmentation, based on livestock, includes cattle, poultry, swine, aquaculture, and others. The poultry segment held the largest revenue share of the market in 2024 due to increasing demand for poultry meat and eggs. Poultry is consumed as a popular protein worldwide, and poultry farming is expanding globally. For instance, according to the Food and Agriculture Organization of the United Nations, in 2022, nearly 4.95 million tons of poultry were produced in India.
Animal Feed Market Evaluation by Form
The animal feed market segmentation, based on form, includes mash, pellets, crumbles, and others. The pellets segment is projected to register a significant CAGR in the global market, as pellet animal feed is an efficient and convenient feed option. Pellet animal feed is known for its ease of handling and storage compared to loose feed. Also, it is less susceptible to spoilage and pests, making it an attractive choice for farmers and feed manufacturers seeking operational enhancements. Pelleted feed also offers numerous benefits for animal health and performance. The pelleting process can enhance the digestibility and availability of nutrients in the feed, resulting in improved feed conversion rates and enhanced animal growth and development. Besides, feed manufacturers are actively exploring new and innovative pellet formulations and processing techniques to meet the specific requirements of various animal species and production systems. For instance, in July 2023, Ensus UK expanded its product portfolio to specialize in the production of high-protein feed for aquaculture and pet food applications. Leveraging distillation and fermentation processes, Ensus yields dried distillers' grains with soluble (DDGS) protein-dense animal feed and biogenic CO2 for diverse industries, such as food and beverages. Therefore, the pellets segment is driving the animal feed market.
Animal Feed Market Breakdown by Regional Insights
By region, the study provides the animal feed market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest revenue share in 2024 due to the expansion and merger and acquisition of companies in the region. For instance, in June 2024, ForFarmers solidified its foothold in the co-products market with the acquisition of Van Triest Veevoeders. This strategic move aligns with ForFarmers' overarching mission, "For the Future of Farming," which aims for a sustainable agricultural future by leveraging an increasing number of co-products in the production of dairy, meat, and eggs. Thus, the presence of major companies and activities like mergers and acquisitions in the region are contributing to the dominance of North America in the animal feed market.
Asia Pacific is projected to register a substantial CAGR from 2025 to 2034 due to increasing disposable income and rising demand for meat and dairy products, which have led to evolving dietary preferences. The rise in the consumption of animal protein has further fueled the market in the region. Major meat-producing countries in the region, including China, India, and Indonesia, are driving significant demand for animal feed. For instance, according to the Agricultural and Processed Food Products Export Development Authority (APEDA), in 2022, India emerged as the world's largest milk producer, contributing 24% of global milk production. Additionally, India accounted for approximately 7.25% of the total global egg production in 2021. Thus, the increase in meat and dairy products is fuelling the animal feed market in the region.
The animal feed market in China is expected to have significant growth due to the increased production of pork in the country. For instance, according to the National Bureau of Statistics of China, pork production in 2023 reached 57.94 million tonnes. To maintain stability in pig production and supply, the Ministry of Agriculture and Rural Affairs (MARA) recently updated the Implementation Plan for Pig Production Capacity Regulation. The Chinese government remains committed to its goal of achieving 95% self-sufficiency in pork, promoting the shift from small-scale to large-scale farming. Additionally, the government continues to closely monitor market trends, intervening when production levels, pig populations, or prices deviate beyond specified thresholds. Thus, China’s growing production of pork is anticipated to propel the animal feed market growth.
Animal Feed Market – Key Players & Competitive Analysis Report
The animal feed market is characterized by a dynamic and rapidly evolving environment with several players striving to innovate and differentiate from each other. Major global companies are dominating the market by leveraging extensive research and development capabilities, advanced manufacturing technologies, and broad distribution networks to maintain a competitive edge. The players are engaged in strategic activities such as mergers and acquisitions, partnerships, and collaborations to enhance their product portfolios and expand their market presence.
Startups are also contributing to the market by introducing novel technologies in feed production. This competitive scenario is further intensified by ongoing advancements in biotechnology. Major players in the animal feed market include Cargill, Incorporated; Charoen Pokphand Foods PCL; ADM, Royal Agrifirm Group; Alltech; BRF; DaChan Food (Asia) Limited; De Heus Animal Nutrition; ForFarmers; Guangdong HAID Group Co., Ltd.; Kent Nutrition Group; New Hope Liuhe Co., Ltd.; Smithfield Foods, Inc; Purina Animal Nutrition LLC.; Tyson Foods, Inc.; Evonik Industries AG; and BASF SE.
Royal Agrifirm Group collaborates with farmers, growers, and partners to develop innovative methods, best practices, and advanced technologies to establish a food chain that ensures healthy soil, animals, and resilient ecosystems while also providing fair income for farmers and growers. With over 120 years of expertise in animal nutrition and arable solutions, they focus on areas such as ruminants, poultry, swine, food safety, animal health, additives, sustainable agriculture, and the agri-food chain. Their work spans quality meat production, farming technology, functional feed ingredients, dairy product improvement, antibiotic-free feeding, feed efficiency, agricultural collaboration, consumer health, eco-friendly farming, and livestock performance. In September 2019, Royal Agrifirm Group announced its new functional feed ingredient brand, Agrimprove. Through Agrimprove, Agrifirm will innovate in animal health and nutrition, translating the ideas into practical enhancements across the agri-food chain. Agrimprove will continuously be developed in close partnership with stakeholders across farming, feed and food production, and retail sectors.
Kent Nutrition Group is a provider of nutrition solutions for the agriculture and livestock industries. It has a robust portfolio that spans animal feed, health supplements, and nutritional technologies. The company’s product range includes advanced feed formulations for swine, poultry, cattle, and other livestock, as well as additives and probiotics designed to improve growth, feed efficiency, and overall health. Kent Nutrition Group supports farmers and producers with tailored solutions that drive productivity and sustainability in modern agriculture. In January 2024, KENT Nutrition Group launched a new swine-origin probiotic called Efficor, a revolutionary probiotic for the swine industry. Research trials demonstrate that Efficor enhances growth performance and feed efficiency in growing and finishing pigs.
List of Key Companies in Animal Feed Market
- Cargill, Incorporated
- Charoen Pokphand Foods PCL
- ADM
- Royal Agrifirm Group
- Alltech
- BRF Global
- DaChan Food (Asia) Limited
- De Heus Animal Nutrition
- ForFarmers
- Guangdong HAID Group Co., Ltd.
- Kent Nutrition Group
- New Hope Liuhe Co., Ltd.
- Smithfield Foods, Inc
- Purina Animal Nutrition LLC.
- Tyson Foods, Inc.
- Evonik Industries AG
- BASF SE
Animal Feed Market Developments
April 2024: MicroHarvest, in collaboration with VEGDOG, introduced a novel dog treat containing a microbial protein ingredient, marking a significant milestone in pet nutrition innovation.
June 2023: Alltech announced Triad, a solution designed to enhance successful farrowing and pig livability. The product consists of a unique blend of palatable, proprietary Alltech ingredients. Peer-reviewed research indicates that the supplementation of these compounds in combination can effectively support the parturition process, decrease the occurrence of stillborn pigs, and increase the number of weaned pigs per sow.
December 2022: Arla Foods Ingredients obtained official approval from the European Commission for its beta-lactoglobulin ingredient, Lacprodan® BLG-100. This approval confirms the safety and suitability of Lacprodan® BLG-100 for use in food products throughout the EU. The ingredient is particularly well-suited for a wide range of applications in sports nutrition and special medical purposes (FSMP) within the food industry.
Animal Feed Market Segmentation
By Type Outlook (Revenue – USD Billion, 2020–2034)
- Antibiotic
- Antioxidants
- Amino Acids
- Feed Enzymes
- Feed Acidifiers
- Vitamin
- Others
By Livestock Outlook (Revenue – USD Billion, 2020–2034)
- Cattle
- Poultry
- Swine
- Aquaculture
- Others
By Form Outlook (Revenue – USD Billion, 2020–2034)
- Mash
- Pellets
- Crumbles
- Others
By Composition Outlook (Revenue – USD Billion, 2020–2034)
- Cereal-Based Feed
- Soy-Based Feed
- Fish-Based Feed
- Oilseed-Based Feed
- Other Animal-based Feed
By Regional Outlook (Revenue – USD Billion, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Animal Feed Report Scope
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Report Attributes |
Details |
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Market Size Value in 2024 |
USD 564.78 billion |
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Market Size Value in 2025 |
USD 588.50 billion |
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Revenue Forecast in 2034 |
USD 859.62 billion |
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CAGR |
4.3% from 2025 to 2034 |
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Base Year |
2024 |
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Historical Data |
2020–2023 |
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Forecast Period |
2025–2034 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
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|
Report Format |
|
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The animal feed market size was valued at USD 564.78 billion in 2024 and is projected to grow to USD 859.62 billion by 2034.
The market is projected to grow at a CAGR of 4.3% from 2025 to 2034.
North America had the largest share of the market.
• The key players in the market are Cargill, Incorporated; Charoen Pokphand Foods PCL; ADM, Royal Agrifirm Group; Alltech; BRF; DaChan Food (Asia) Limited; De Heus Animal Nutrition; ForFarmers; Guangdong HAID Group Co., Ltd.; Kent Nutrition Group; New Hope Liuhe Co., Ltd.; Smithfield Foods, Inc; Purina Animal Nutrition LLC.; Tyson Foods, Inc.; Evonik Industries AG; and BASF SE.
The pellets segment is anticipated to experience substantial growth with a significant CAGR in the market.
The poultry segment accounted for a significant revenue share of the market in 2024 due to the increase in poultry production.
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