Global Animal Feed Market, By Product (Cereal Grains, Protein Meals, Milk Replacer, Feed Additives, and Others), Animal Type (Ruminants, Swine, Poultry, Aquaculture, Pets, Equine, and Others), Mode of Delivery (Premixes, Oral Powder, and Oral Solutions), Form (Liquid, Dry, Frozen, Pellet, Crumbles, and Mash), Source (Animal-Based and Plant-Based), Nature (Organic and Conventional), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Breeder Feed), End User, (Feed Manufacturers, Contract Manufacturers, Livestock Producers, and Others), Distribution Channel (Indirect and Direct) – Industry Trends and Forecast to 2031.
Animal Feed Market Analysis and Insights
Animal feed market's growth is fueled by innovative technologies and nutritional research whichoffers various benefits. Enhanced formulations improve animal health, optimize growth rates, and boost overall productivity. These advancements also address environmental concerns, promoting sustainable practices in feed production. Consequently, the industry experiences heightened efficiency, reduced costs, and contributes to healthier livestock and improved food security.
The global animal feed market size was valued at USD 184.73 billion in 2023, is projected to reach USD 308.04 billion by 2031, with a CAGR of 6.6% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Cereal Grains, Protein Meals, Milk Replacer, Feed Additives, and Others), Animal Type (Ruminants, Swine, Poultry, Aquaculture, Pets, Equine, and Others), Mode of Delivery (Premixes, Oral Powder, and Oral Solutions), Form (Liquid, Dry, Frozen, Pellet, Crumbles, and Mash), Source (Animal-Based and Plant-Based), Nature (Organic and Conventional), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Breeder Feed), End User, (Feed Manufacturers, Contract Manufacturers, Livestock Producers, and Others), Distribution Channel (Indirect and Direct)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Cargill, Incorporated (U.S.), ADM (U.S.), Charoen Pokphand Foods PCL (Thailand), BASF SE (Germany), De Heus Animal Nutrition (Netherlands), JAPFA LTD (Indonesia), Yara (Norway), Evonik Industries AG (Germany), DSM (Netherlands), Phibro Animal Health Corporation (U.S.), NOVUS INTERNATIONAL, INC. (U.S.), Purina Animal Nutrition LLC (U.S.), Kemin Industries, Inc. (U.S.), Weston Stockfeed New Zealand (New Zealand), Kent Nutrition Group (U.S.), Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany), Perstorp (Sweden), Alltech (U.S.), Nutrex.eu (Belgium)
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Market Opportunities
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Market Definition
Animal feed refers to specially formulated nutrition given to domesticated animals to meet their dietary requirements for growth, maintenance, and production. It typically includes a variety of ingredients such as grains, proteins, vitamins, and minerals, tailored to the specific needs of each animal species. Quality animal feed plays a crucial role in ensuring the health, productivity, and overall well-being of livestock and poultry.
Animal Feed Market Dynamics
Drivers
- Increasing Meat Consumption
Rising income levels, especially in emerging economies, lead to increased consumption of meat and dairy products, which in turn drives the demand for animal feed. For instance, China's rapid economic growth has lifted millions out of poverty, resulting in a surge in meat consumption. This heightened demand necessitates greater production of livestock, driving the need for quality feed. As a result, the animal feed market experiences significant growth, aligning with the evolving dietary patterns of these burgeoning economies.
- Shift Towards Protein-Rich Diets
Health-conscious consumers worldwide are increasingly embracing protein-rich diets, notably including meat and dairy products. This trend propels demand for livestock and poultry, consequently amplifying the need for animal feed. For instance, the popularity of high-protein diets among fitness enthusiasts and athletes has surged, leading to a greater demand for poultry and dairy products, thus requiring increased production of animal feed to sustain the livestock industry.
Opportunities
- Expansion of Livestock Industry
The expansion of the livestock industry, especially in developing nations, is a major catalyst for the animal feed market. As countries experience economic growth and rising incomes, the demand for meat, dairy, and eggs increases substantially. For instance, in countries such as China and India, urbanization and changing dietary habits have led to a surge in demand for animal protein, driving the need for more efficient and nutritious animal feed solutions.
- Technological Advancements in Feed Production
Technological advancements such as pelletizing and extrusion have revolutionized feed production, boosting animal feed efficiency. Pelletizing involves compressing feed ingredients into dense pellets, enhancing digestibility and nutrient absorption. Similarly, extrusion involves cooking feed ingredients under high temperature and pressure, improving nutrient bioavailability. These methods ensure consistent quality and nutritional value in feeds, benefiting animal health and production efficiency. For instance, pelleted feeds for poultry have shown increased feed conversion rates and growth performance.
Restraints/Challenges
- Volatility in Raw Material Prices
Volatility in raw material prices, including grains, soybeans, and fishmeal, poses a constant challenge for animal feed producers. Fluctuations in these essential ingredients can disrupt production costs and erode profit margins. Such instability necessitates careful risk management strategies to mitigate financial risks associated with unpredictable market conditions.
- Growing Trade Barriers and Tariffs
Trade disputes, tariffs, and geopolitical tensions hinder the smooth flow of raw materials and finished feed products. These disruptions destabilize supply chains, leading to increased costs and logistical challenges for animal feed manufacturers. Uncertainty surrounding international trade agreements exacerbates market volatility, impacting profitability and competitiveness within the animal feed industry.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In July 2023, Hendrix Genetics partnered with CSA Animal Nutrition to enhance nutrition support for its Hybrid Turkeys business in the Americas. CSA will tailor precise nutrition solutions to meet Hybrid Turkeys' performance objectives, leveraging its expertise as a leading provider of professional nutrition services
- In July 2023, Ensus U.K. diversified its offerings, focusing on high-protein feed production for aquaculture and pet food applications. Through the distillation and fermentation process, Ensus produces dried distillers' grains with soluble (DDGS) for protein-rich animal feed and biogenic CO2 for various industries, including food and beverages
- In June 2023, Alltech introduced Triad, a novel swine product designed to optimize farrowing success and pig livability, enhancing overall swine production efficiency and herd health management
- In November 2022, Alltech unveiled Egalis, a premium range of silage inoculants aimed at maximizing nutrient quality, improving forage stability, and reducing dry matter loss. Egalis supports optimal animal performance, reinforcing Alltech's reputation as a global leader in agriculture innovation for over four decades
- In January 2023, De Heus Animal Nutrition inaugurates a new greenfield animal feed manufacturing facility in Ivory Coast, West Africa, with an initial production capacity of 120,000 metric tons. The plant is equipped to produce feed for various livestock, including cattle, contributing to agricultural development in the region
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Animal Feed Market Scope
The market is segmented on the basis of product, animal type, mode of delivery, form, source, nature, lifecycle, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Cereal Grains
- Protein Meals
- Milk Replacer
- Feed Additives
- Others
Animal Type
- Ruminants
- Swine
- Poultry
- Aquaculture
- Pets
- Equine
- Others
Mode of Delivery
- Premixes
- Oral Powder
- Oral Solutions
Form
- Liquid
- Dry
- Frozen
- Pellet
- Crumbles
- Mash
Source
- Animal-Based
- Plant-Based
Nature
- Organic
- Conventional
Lifecycle
- Grower Feed
- Finisher Feed
- Starter Feed
- Breeder Feed
End User
- Feed Manufacturers
- Contract Manufacturers
- Livestock Producers
- Others
Distribution Channel
- Indirect
- Direct
Animal Feed Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, product, animal type, mode of delivery, form, source, nature, lifecycle, end user, and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America is expected to show significant growth in the animal feed market, with the U.S. leading due to modernization and expansion in aquaculture and livestock feed sectors. This dominance reflects a trend towards optimized production methods and increased demand for high-quality feed
Asia-Pacific is expected to dominate the animal feed market, propelled by extensive research and development efforts. Within the region, China is anticipated to spearhead growth, driven by escalating healthcare spending and a burgeoning population of pets and domestic animals, fostering robust demand.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Animal Feed Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Cargill, Incorporated (U.S.)
- ADM (U.S.)
- Charoen Pokphand Foods PCL (Thailand)
- BASF SE (Germany)
- De Heus Animal Nutrition (Netherlands)
- JAPFA LTD (Indonesia)
- Yara (Norway)
- Evonik Industries AG (Germany)
- DSM (Netherlands)
- Phibro Animal Health Corporation (U.S.)
- NOVUS INTERNATIONAL, INC. (U.S.)
- Purina Animal Nutrition LLC (U.S.)
- Kemin Industries, Inc. (U.S.)
- Weston Stockfeed New Zealand (New Zealand)
- Kent Nutrition Group (U.S.)
- Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany)
- Perstorp (Sweden)
- Alltech (U.S.)
- Nutrex.eu (Belgium)
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