Animal Feed Market Size Worth USD 859.62 Billion by 2034 | CAGR: 4.3%

The animal feed market size is expected to reach USD 859.62 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 (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” gives a detailed insight into current market dynamics and provides analysis on future market growth.     

The animal feed market growth is driven by the change in dietary patterns and rapid population growth. The expansion of global populations is leading to a higher need for protein sources, particularly in emerging markets where diets rich in animal-based proteins are becoming more prevalent. To meet these demands, the animal feed market is evolving to ensure the production of high-quality and safe feed for livestock and aquaculture. This evolution includes the introduction of new feed formulations aimed at maximizing animal nutrition and exploring eco-friendly alternatives.

The adoption of protein-rich diets fuels the demand for meat, dairy, and fish products. This shift in dietary patterns necessitates the development of alternative protein sources and eco-friendly feed additives. Therefore, the change in dietary patterns and rapid population growth have driven the animal market feed.

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The increasing focus on animal health is further driving growth in the animal feed market. With consumers prioritizing animal welfare and nutrition, there is a rising demand for high-quality, specialized feed products. Consequently, the demand for advanced feed formulations containing supplements and additives is propelling market expansion.

Animal Feed Market Report Highlights

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• By form analysis, the pellets segment is anticipated to experience substantial growth with a significant CAGR in the global market. This growth is due to efficient and convenient feed options, and ease of handling and storage compared to loose feed.
• By livestock analysis, the poultry segment accounted for the largest revenue share of the market in 2024 due to the increase in the production of poultry farming.
• In 2024, North America dominated the animal feed market due to the established presence of several companies within the region.
• The animal feed market in China is projected for substantial growth due to the increased production of pork.
• The key market players 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.

Polaris Market Research has segmented the animal feed market report based on 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
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Vietnam
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of the Middle East & Africa

Animal Feed Report Scope