Animal Feed Market Size Worth USD 1,246.43 Billion by 2034 | CAGR: 7.5%

The global animal feed market size is expected to reach USD 1,246.43 billion by 2034, according to a new study by Polaris Market Research. The report “Animal Feed Market Size, Share, Trends, Industry Analysis Report: By Type (Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Vitamins, and Others), Livestock, Form, Composition, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Animal feed is a type of food given to animals to provide them with the nutrients they need for growth, health, and productivity. It can be made with various ingredients, including grains, protein meals, fats, and minerals. The composition of animal feed can vary depending on several factors such as animal age and breed, its intended use (meat production or egg-laying), and the availability of different ingredients.

The growing demand for animal-derived food products and a greater focus on animal health and nutrition in recent years are among the key factors driving the animal feed market growth. Advances in feed production technology and increasing consolidation in the market are other factors supporting the market expansion.

According to the International Feed Industry Federation, the annual global feed production is estimated to be more than one billion tons and generates an estimated annual turnover of over USD 400 billion annually. Further, the United Nations Food and Agriculture Organization (FAO) estimates that between 2010 and 2050, the production of animal proteins will grow by around 1.7% annually.

Changing lifestyles, growing awareness about health and nutrition, and rising disposable income have led to increased demand for high-quality meat and meat-based products. This, in turn, has fueled the need for animal feed. The rising emphasis on new product launches and strategic developments is projected to offer various animal feed market opportunities in the coming years.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/animal-feed-market/request-for-sample

While the market for animal feeds is expected to continue its growth trajectory in the coming years, several limiting factors could impact the animal feed market development. These restraints include fluctuations in commodity prices, increasing competition from alternative protein sources, concerns about the environmental impact of animal agriculture, and strict regulatory requirements.

Animal Feed Market Report Highlights

• Based on feed, the amino acids segment dominated the animal feed market with a revenue share of 33.6% in 2024. The segment is driven by several factors, including the increasing demand for meat and dairy products, the need to improve feed efficiency and reduce feed cost, and the growing focus on sustainability and environmental responsibility in animal agriculture.
• In terms of livestock, the poultry segment held the largest revenue share of 39.0% in 2024. The growth of the poultry feed segment has been driven by the increasing demand for poultry meat and eggs, the shift toward more intensive farming methods, and the growing focus on animal welfare and sustainability.
• Asia Pacific accounted for the largest revenue share of 39.9% in the global animal feed market in 2024. Increasing demand for meat and dairy products, growing population and urbanization, development of the animal husbandry sector, and rising interest in alternative feed ingredients are key factors driving the market development in the region.
• The North America animal feed market is anticipated to witness significant growth during the forecast period. North America is witnessing a significant surge in meat consumption, and the implementation of stringent regulations is anticipated to be a significant driver for the market in the region.

Polaris Market Research has segmented the animal feed market report on the basis of type, livestock, form, composition, and region:

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 Market Report Scope