The size of the animal feed market was estimated to be USD 502.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% from 2023 to USD 652 billion by 2030.
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"The Global Animal Feed Market 2020-2030 (USD Billion)")
The Nutritional and Economic wellbeing of several of nation has been much contributed by the rising consumption of livestock, of meat and animal derived products globally. Animal feeds have played the foremost role in the worldwide food industry and feed these products been the largest and vital component for ensuring safety, affordable and abundant animal proteins.
There has been a demand for animal derived products globally since last few years like dairy, livestock and fish etc. The International Feed Industry Federation (IFIF) has recorded the growth in production especially in the developing regions, with the developed regions reported to be more/less stable. The global feed industry has grown in production value and volume with a response increase in global population, rate of urbanization and the growing consumer purchasing power.
Commercial production and sales of the profiled organization of feed stuff is currently active in 130 nations and employs with the one million skilled employees, technicians, managers, and professionals/experts. However, this has upscale the overall animal feed market at the greater s.
A challenge faced by the animal feed industry analysis in the present scenario is that more than 1 billion ton feed manufactured by the industry participants, 300 billion tons is manufactured on directly on farm mixing. So, the food safety bodies do not examine this mixing done by the farmers and when audit is processed later, there is trouble.
The Poultry carries the biggest segment of the feed industry. Crop residues, fodder, by-products of cereal, household wastes and more were used as feed within the small scale and traditional poultry farming. Increasing demand for poultry meat with rising food chain business offering variety of nutrition and rich meat, the requirement for high-quality and commercially developed feed have witnessed an impressive demand in the market. However, which is more likely, expected to further increase during the forecast period.
The global animal feed market share is segmented into product, and region. Based on the product the market is divided into poultry, swine, ruminant, and aquaculture. Discussing on the regional outlook, the market is widely range to America, APAC, and EMEA.
The animal feed market value hold a prominent driving factors which is resulting the growing demand for meat products acquired from poultry animals, livestock, and several other forms of meat such as aquatic products. The nutritional value of the meat sourced from these animals, including their flesh quality, and weight can be uplifted if they are fed with proper nutrients and food supplements.
Leading players of the animal feed market include Cargill, DowDuPont, Land O’Lakes, Charoen Pokphand Foods, BASF and more others.
Global Animal Feed Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 652 billion |
| Growth Rate | CAGR of 3.3 % during 2023-2030 |
| Segment Covered | Product,regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Cargill, DowDuPont, Land O’Lakes, Charoen Pokphand Foods, BASF and more others. |
Key Segmentation of the Global Animal Feed Market
Animal feed market growth based on product
- Poultry
- Swine
- Ruminant
- Aquaculture
Animal feed market growth based on geographic regions
- Americas
- APAC
- EMEA
Frequently Asked Questions (FAQ) :
The base year for the report is 2024 in animal feed market.
The major players are Cargill, DowDuPont, Land O’Lakes, Charoen Pokphand Foods, BASF.
To get latest version of animal feed market report can be obtained on demand from the website.