Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder & Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), By Raw Material (Soy, Corn, Rendered Meal, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Dec 2024
- Report Code : KSI061610027
- Pages : 143
The animal feed market is expected to grow at a CAGR of 3.18%, reaching a market size of US$559.557 billion in 2030 from US$478.881 billion in 2025..
Animal feed refers to the food given to the domestic animals, especially the agricultural animals. There are two basic types of feed: fodders and forages. Fodders are food given to domestic animals, which includes straws, and pelleted feeds. Whereas forage feed is the edible parts of plants, like herbage, browse, and mast. These can be harvested for feeding and provided as feed for the grazing animals.
Further, several countries have observed a growing demand for animal feed in the global market and are trying to attain the maximum share in the sector. For instance, according to the Agricultural & Processed Food Products Export Development Authority (APEDA) of India, the volume of prepared animal feed exported by the nation in 2022-2023 was about 796,462.12 MT, amounting to about US$ 445.60 million. India exported products like compounded animal feed, barn sharps, residues of legume plants, wheat, & cereals, maize barns, and concentrated compound feed. The major importers of India's animal feed products were mostly countries in Asia Pacific regions, like Bangladesh, Nepal, Vietnam, Hong Kong, also France.
Moreover, the USA is also trying to attract a much higher share of the global animal feed market. As per the American Feed Industry Association of the USA, the nation's total animal food export was valued at US$ 13.4 billion, with a total of 19.8 million MT of animal food exported globally in 2023. This data for 2023 shows a massive increase from 2022 when the nation's total animal food export was about US$ 7.5 billion with about 9 million MT in volume. Canada, China, Mexico, and Japan are among the major export destinations of animal food in the USA.
What are the Animal feed Market Drivers?
- Increasing meat consumption has increased demand for healthy livestock, which in turn contributes to the animal feed market expansion.
The animal feed industry is expected to rise in the coming years due to the increase in meat consumption worldwide. According to OECD-FAO Agricultural Outlook 2021-2030, global meat production per capita is projected to increase by 0.3% P.A. to 35.4kg by 2030.
Moreover, the bulk of meat production growth is predicted to be in developing regions, which would account for 80% of the additional output. It moreover stated that beef consumption is anticipated to grow to 76 Mt over the next ten years and will constitute around 16% of the total rise in meat consumption as compared to the base period.
Further, global pig meat consumption is projected to grow to 127 Mt over the next ten years and will account for 28% of the overall increase in meat consumption as per the OECD Agricultural Outlook for 2020 to 2029. This rise will result in an increase in meat consumption followed by a growth in population is projected to fuel the animal feed market.
- An increase in research and development activities, followed by a rise in government initiatives, is also expected to drive animal feed market growth.
Governments may invest in research for alternative feed sources and their alternatives, reducing environmental impact while promoting animal welfare through improved living conditions. This could increase demand for high-quality, nutritious feed. Additionally, subsidies could be offered to support domestic animal feed production, reducing import reliance and potentially lowering farmers' costs.
For instance, in August 2024, feed and fodder processing activities are open to startups and private enterprises under the National Livestock Mission Scheme. The applicant receives a 50% capital subsidy up to Rs. 50.00 lakh to build feed and fodder infrastructure, supporting sustained.
Further, the growth of livestock production has subsequently assisted the rise in the demand for highly nutritious animal feed items, which is anticipated to upgrade the animal feed demand. The production of industrial compound feed in the EU27 is predicted to drop by 0.3% from 2023 to 2024, to 147 million tons, according to statistics gathered by FEFAC. The sole industry with growth potential in 2024 is poultry feed production, which is expected to rise by 1.6%.
Animal feed Market is analyzed into the following segments
- By raw material, soy is anticipated to hold a substantial market share
Soy is the prime source of protein for both animals and humans. Surging demand for soy-based meals in the animal feed industry owing to their high protein content is driving the segment growth during the forecast period. A soy meal contains 44% crude protein, which is crucial and the most common protein source for pigs, poultry, and dairy cattle globally. 85% of soy cultivation is consumed by the animal feed industry to produce protein-rich feed, according to the International Institute for Sustainable Development.
Besides that, there have been various product launches and innovations worldwide, further fueling the market. For instance, in April 2024, Continental Refining Company in Somerset, Kentucky, announced several key improvements to its operations, including a new strategic alliance, reaffirming its commitment to increasing and improving its soy product range and distribution channels. The facility's operations will be capable of processing 430 tonnes of soybeans daily into 335 tonnes of high-protein soybean meal, 68 tonnes of soybean oil, and 21 tonnes of loose hulls, all of which are essential elements for livestock and poultry feed.
Geographical Outlook of the Animal Feed Market:
- North America is witnessing exponential growth during the forecast period.
The North American market for animal feed is expected to hold a dominant market during the projected period. The increase of diseases amongst the animals coupled with the growing awareness about the nutritional content are among the primary contributors driving the demand in the region.
The United States is the key market in the region as the US animal food manufacturing industry strongly relies on the free-trade agreement with Canada and Mexico (North American Free Trade Agreement (NAFTA)), which has green-signalled the exports of feed and feed ingredients. This trade agreement, coupled with the growing livestock industry, is fuelling the animal feed industry.
Moreover, according to the American Feed Industry Association, there are more than 5800 animal food facilities in the country whose production results in more than 284 million tonnes of finished animal feed on an annual basis. Further, the major ingredients used in feed production in the United States include corn (145 million tonnes), soybean meal (35 million tonnes), wheat products (8 million tonnes), and DDGs (32 million tonnes), among others.
Key Developments in the Animal Feed Market:
- In November 2024. TrinamiX GmbH and Eurofins Agro Testing announce a strategic partnership at EuroTier 2024, the premier international trade show for professional livestock management and animal production. Farmers and advisors will be able to swiftly and effectively identify issues and adjust silage production and feed rations by enabling users to analyze forage samples directly on-farm using a handheld device. This will improve animal health, increase farm productivity, and lessen the impact on the environment.
- In June 2024, IFF announced that two of its innovative chicken feed products have received regulatory approval in the EU. Danisco Animal Nutrition & Health, IFF's Health & Biosciences business unit, produces the multi-enzyme mix Axtra® XAP and the enzyme-probiotic complex Syncra® AVI to address the demands of contemporary chicken production and provide quantifiable performance enhancements.
- In March 2024, EW Nutrition introduced Axxess XY, a thermostable xylanase, at VICTAM 2024. One product called Axxess XY breaks down the fibre found in feed items such as sunflower cakes, corn, and wheat. It can help feed producers save money, enhance the intestinal environment, and release nutrients from cell wall fractions.
Animal Feed Market Scope:
| Report Metric | Details |
| Animal Feed Market Size in 2025 | US$478.881 billion |
| Animal Feed Market Size in 2030 | US$559.557 billion |
| Growth Rate | CAGR of 3.18% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Animal Feed Market |
|
| Customization Scope | Free report customization with purchase |
The animal feed market is segmented and analyzed as follows:
- By Type
- Fodder & Forage
- Compound Feed
- By Livestock
- Pork
- Aquatic animal
- Cattle
- Poultry
- Others
- By Raw Materials
- Soy
- Corn
- Rendered Meal
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Vietnam
- Philippines
- Malaysia
- Others
- North America
Frequently Asked Questions (FAQs)
The animal feed market is expected to reach a total market size of US$559.557 billion by 2030.
Animal Feed Market was valued at US$478.881 billion in 2025.
The global animal feed market is expected to grow at a CAGR of 3.18% during the forecast period.
Increasing meat consumption has increased demand for healthy livestock, which in turn contributes to the animal feed market expansion.
The North American region is anticipated to hold a significant share of the animal feed market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. ANIMAL FEED MARKET BY TYPE
5.1. Introduction
5.2. Fodder & Forage
5.3. Compound Feed
6. ANIMAL FEED MARKET BY LIVESTOCK
6.1. Introduction
6.2. Pork
6.3. Aquatic animal
6.4. Cattle
6.5. Poultry
6.6. Others
7. ANIMAL FEED MARKET BY RAW MATERIAL
7.1. Introduction
7.2. Soy
7.3. Corn
7.4. Rendered Meal
7.5. Others
8. ANIMAL FEED MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Livestock
8.2.3. By Raw Material
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Type
8.3.2. By Livestock
8.3.3. By Raw Material
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Type
8.4.2. By Livestock
8.4.3. By Raw Material
8.4.4. By Country
8.4.4.1. UK
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Spain
8.4.4.5. Italy
8.4.4.6. Others
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Livestock
8.5.3. By Raw Material
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Israel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Livestock
8.6.3. By Raw Material
8.6.4. By Country
8.6.4.1. Japan
8.6.4.2. China
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Indonesia
8.6.4.6. Thailand
8.6.4.7. Vietnam
8.6.4.8. Philippines
8.6.4.9. Malaysia
8.6.4.10. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Alltech
10.2. Cargill, Incorporated
10.3. Nutreco N.V.
10.4. Charoen Pokphand Foods PCL
10.5. BRF S.A.
10.6. Purina Animal Nutrition LLC
10.7. New Hope Group
10.8. ADM Animal Nutrition
10.9. Kent Nutrition Group
10.10. Uno Feeds
10.11. De Heus Animal Nutrition
10.12. Havens
10.13. Deutsche Tiernahrung Cremer
Alltech
Cargill Incorporated
Nutreco N.V.
Charoen Pokphand Foods PCL
BRF S.A.
Purina Animal Nutrition LLC
New Hope Group
ADM Animal Nutrition
Kent Nutrition Group
Uno Feeds
De Heus Animal Nutrition
Havens
Deutsche Tiernahrung Cremer
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