The global Animal Feed Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Species (Poultry, Cattle, Swine, Aqua, Pet), By Additives (Antibiotics, Vitamins, Antioxidants, Amino Acid, Feed Enzymes, Feed Acidifiers, Others).
The market for animal feed is evolving to meet the nutritional needs and performance requirements of livestock and poultry across diverse production systems. Key trends shaping the future of this industry include the development of innovative feed ingredients and formulations that optimize nutrient utilization, gut health, and animal performance while minimizing environmental impact and production costs. Additionally, advancements in feed processing technologies, such as extrusion, pelleting, and enzyme supplementation, improve feed digestibility, palatability, and feed conversion efficiency, enhancing overall animal health and productivity. Moreover, the adoption of precision feeding strategies and data-driven decision-making tools enables customized feed formulations and feeding programs tailored to specific animal species, breeds, and production objectives. As the livestock industry embraces sustainable and efficient production practices, the demand for high-quality animal feed is expected to continue growing, driving innovation and market expansion in this sector.
The market report analyses the leading companies in the industry including Alltech Inc, ANOVA Group Inc, Archer Daniels Midland Company, BASF SE, Cargill Inc, Chr. Hansen Holding A/S, Kemin Industries Inc, Land O'Lakes Purina Feed LLC, Nutreco N.V..
The growing demand for high-quality and sustainable feed ingredients, driven by increasing consumer awareness of animal welfare, food safety, is widely observed in the industry. With a rising global population and changing dietary preferences, there is a corresponding increase in demand for animal protein products such as meat, milk, and eggs. This is leading to a greater focus on optimizing animal nutrition and feed formulations to enhance animal health, performance, and product quality. Consumers are increasingly seeking products derived from animals raised on sustainable diets that minimize environmental impact and promote animal welfare. Accordingly, there is growing demand for feed ingredients that are sourced responsibly, produced ethically, and meet stringent quality and safety standards.
A key driver propelling the market for animal feed is the growth in livestock and poultry production, driven by increasing demand for animal protein products, urbanization, and rising disposable incomes in emerging economies. As global population continues to grow, there is a corresponding increase in demand for meat, milk, and eggs, leading to expansion of livestock and poultry industries worldwide. Livestock and poultry producers are striving to meet the growing demand for animal protein while maintaining production efficiency, profitability, and sustainability. Animal feed plays a crucial role in supporting animal health, growth, and productivity by providing essential nutrients, vitamins, and minerals required for optimal performance. The growth of livestock and poultry production drives market demand for animal feed as a critical input in animal agriculture, meeting the nutritional needs of livestock and poultry populations and supporting food security and supply chains.
Leading functional and specialty feeds are focusing on the development of functional and specialty feeds tailored to specific animal species, production systems, and performance objectives. With advancements in feed technology, nutritional science, and ingredient innovation, there is growing potential to develop specialized feeds that address the unique nutritional requirements and health challenges of animals at different life stages and production phases. Manufacturers aim to capitalize on this opportunity by formulating feeds with added functional ingredients such as probiotics, enzymes, antioxidants, and immune stimulants, which offer benefits such as improved digestion, immune function, and stress tolerance. Additionally, there is potential to develop specialty feeds for niche markets such as organic production, aquaculture, and pet nutrition, catering to the diverse needs and preferences of livestock producers, pet owners, and aquaculture farmers.
The animal feed market operates through diverse interconnected stages, beginning with raw material acquisition, where commodities including grains, protein sources, and additives are sourced from companies including Cargill, Archer Daniels Midland Company (ADM), and Bunge Limited, as well as grain farmers and protein source producers. These materials are then formulated and manufactured into feed by large integrated feed millers including Cargill, Nutreco N.V., and Alltech Inc., along with regional or independent feed mills.
Quality control and testing are crucial steps conducted by both feed millers and independent laboratories to ensure the nutritional content and safety of the feed. Storage and packaging follow suit, with feed millers and third-party logistics providers handling the storage and distribution of bulk feed ingredients and finished products.
Distribution and sales activities encompass direct sales to large farms and production facilities by feed millers' sales teams, as well as distribution through feed stores and agricultural cooperatives for smaller farms. Further, the end users of animal feed, including poultry farms, livestock farms, and aquaculture facilities, utilize the feed for raising various animals.
In the Animal Feed Market, the poultry segment is the largest, driven by diverse pivotal factors. Poultry farming, including chickens, turkeys, and ducks, is one of the most widespread and economically significant livestock sectors globally. Poultry products, such as meat and eggs, are staples in many diets worldwide, contributing to the sustained demand for poultry feed. Additionally, poultry farming is relatively efficient and requires less land and resources compared to other livestock sectors, making it an attractive option for meat and egg production. Poultry feed formulations are tailored to meet the specific nutritional requirements of different poultry species and production stages, ensuring optimal growth, health, and productivity. In addition, the increasing global population, rising disposable incomes, and changing dietary preferences toward protein-rich foods further fuel the demand for poultry products, driving the growth of the poultry feed segment. As the poultry industry continues to expand to meet the growing demand for affordable and nutritious protein sources, the demand for poultry feed is expected to remain robust, sustaining the dominance of the poultry segment in the Animal Feed Market. Additionally, advancements in feed formulations, feed additives, and production technologies may further enhance the efficiency and sustainability of poultry feed, reinforcing the leading position of this segment.
In the Animal Feed Market, the feed enzymes segment is the fastest-growing sector, driven by diverse significant factors. Feed enzymes play a crucial role in enhancing nutrient utilization, improving feed efficiency, and promoting animal growth and health. They work by breaking down complex carbohydrates, proteins, and fats in feed ingredients into simpler forms that are more easily digestible and absorbable by animals. This leads to increased nutrient absorption, reduced feed wastage, and improved overall performance of livestock, resulting in better feed conversion ratios and lower production costs for farmers. Additionally, the growing awareness of environmental sustainability and the need to reduce the environmental footprint of livestock production has led to increased interest in feed enzymes. Enzymes help reduce the environmental impact of animal agriculture by decreasing the amount of undigested nutrients excreted in manure, thereby reducing nutrient runoff and ammonia emissions. In addition, as regulations on the use of antibiotics in animal feed become more stringent, there is a growing demand for alternative strategies to improve animal health and performance, further driving the adoption of feed enzymes. As farmers seek to optimize feed efficiency, improve animal welfare, and meet regulatory requirements, the feed enzymes segment is expected to experience continued rapid growth in the Animal Feed Market. Additionally, ongoing research and development efforts to develop new enzyme products and improve their efficacy will contribute to the expansion of this segment in the future.
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
Alltech Inc
ANOVA Group Inc
Archer Daniels Midland Company
BASF SE
Cargill Inc
Chr. Hansen Holding A/S
Kemin Industries Inc
Land O'Lakes Purina Feed LLC
Nutreco N.V.
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Animal Feed Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Animal Feed Market Size Outlook, $ Million, 2021 to 2030
3.2 Animal Feed Market Outlook by Type, $ Million, 2021 to 2030
3.3 Animal Feed Market Outlook by Product, $ Million, 2021 to 2030
3.4 Animal Feed Market Outlook by Application, $ Million, 2021 to 2030
3.5 Animal Feed Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Animal Feed Industry
4.2 Key Market Trends in Animal Feed Industry
4.3 Potential Opportunities in Animal Feed Industry
4.4 Key Challenges in Animal Feed Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Animal Feed Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Animal Feed Market Outlook by Segments
7.1 Animal Feed Market Outlook by Segments, $ Million, 2021- 2030
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
8 North America Animal Feed Market Analysis and Outlook To 2030
8.1 Introduction to North America Animal Feed Markets in 2024
8.2 North America Animal Feed Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Animal Feed Market size Outlook by Segments, 2021-2030
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
9 Europe Animal Feed Market Analysis and Outlook To 2030
9.1 Introduction to Europe Animal Feed Markets in 2024
9.2 Europe Animal Feed Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Animal Feed Market Size Outlook by Segments, 2021-2030
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
10 Asia Pacific Animal Feed Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Animal Feed Markets in 2024
10.2 Asia Pacific Animal Feed Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Animal Feed Market size Outlook by Segments, 2021-2030
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
11 South America Animal Feed Market Analysis and Outlook To 2030
11.1 Introduction to South America Animal Feed Markets in 2024
11.2 South America Animal Feed Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Animal Feed Market size Outlook by Segments, 2021-2030
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
12 Middle East and Africa Animal Feed Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Animal Feed Markets in 2024
12.2 Middle East and Africa Animal Feed Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Animal Feed Market size Outlook by Segments, 2021-2030
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Alltech Inc
ANOVA Group Inc
Archer Daniels Midland Company
BASF SE
Cargill Inc
Chr. Hansen Holding A/S
Kemin Industries Inc
Land O'Lakes Purina Feed LLC
Nutreco N.V.
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Species
Poultry
Cattle
Swine
Aqua
Pet
By Additives
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Animal Feed is forecast to reach $812.8 Billion in 2030 from $610 Billion in 2024, registering a CAGR of 4.9% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Alltech Inc, ANOVA Group Inc, Archer Daniels Midland Company, BASF SE, Cargill Inc, Chr. Hansen Holding A/S, Kemin Industries Inc, Land O'Lakes Purina Feed LLC, Nutreco N.V.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume