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Animal Feed Market

Global Animal Feed Market Size, Share, Trends, Forecast: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Animal Feed Market Size

The global animal feed market reached USD 559.37 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching almost USD 803.07 billion by 2032.

 

Global animal feed Market Outlook

  • In FY2023-24, India exported 4.8MT of oil meal animal field.
  • In 2022, animal feed production recorded a y-o-y growth of 3% in China, reaching 302.2MMT.
  • The total annual production of compound feed has crossed 1 billion tons globally.

 

Global Animal Feed Market Growth

India is one of the leading exporters of animal feed. In FY 2023-24, it exported 8.92 lakh tons of oil meal to Bangladesh, 8.32 lakh tons to South Korea, and 6.33 lakh tons to Thailand. Iran is the largest soybean meal importer from India, recording 8.64 lakh tons of imports in 2023.

 

Over 70% of global antimicrobials sold are estimated to be used in animal feed production. However, strict implementation of animal welfare laws has led to a 28% reduction in the use of antimicrobials for animal feed in Europe as compared to 2018. While the consumption rate increased significantly in Africa and North America, increasing initiatives towards tackling antibiotic resistance among farmed animals is expected to result in the market expansion in the forecast period.

 

With the growing environmental consciousness, major market players are adopting sustainable techniques, like precision fermentation which minimises carbon emissions to produce animal feed. By gene modification and fermentation of yeast, this process can sustainably produce different vitamins and minerals, enzymes, and flavours for animal feed. This is expected to drive the market growth in the coming years.

 

Global Animal Feed Market

 

Global Animal Feed Industry Segmentation

Global Animal Feed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Type

  • Fodder and Forage
  • Compound Feed 

 

Market Breakup by Livestock

  • Pork
  • Aquatic Animal
  • Cattle
  • Poultry
  • Others

 

Market Breakup by Raw Material

  • Soy
  • Corn
  • Others

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa 

 

Global Animal Feed Market Share

Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, the Asia Pacific is expected to remain one of the leading regions, as the demand for dairy products and meat records maintains steady growth in the region. Increasing disposable incomes also facilitate the demand for healthy and nutritious food options in the region.

 

Leading Companies in the Global Animal Feed Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

 

  • Alltech Inc.
  • Archer-Daniels-Midland Company
  • Cargill, Incorporated
  • Nutreco N.V.
  • Land O’Lakes, Inc.
  • Charoen Pokphand Foods PCL
  • FEED ONE CO., LTD.
  • BRF S.A.
  • Kent Nutrition Group
  • ForFarmers N.V.
  • Others

 

Increasing investment into the research and development of innovative aquafeed ingredients are expected to bolster the market growth in the forecast period.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Livestock
  • Raw Material
  • Region
Breakup by Type
  • Fodder and Forage
  • Compound Feed 
Breakup by Livestock
  • Pork
  • Aquatic Animal
  • Cattle
  • Poultry
  • Others
Breakup by Raw Material
  • Soy
  • Corn
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Alltech Inc.
  • Archer-Daniels-Midland Company
  • Cargill, Incorporated
  • Nutreco N.V.
  • Land O’Lakes, Inc.
  • Charoen Pokphand Foods PCL
  • FEED ONE CO., LTD.
  • BRF S.A.
  • Kent Nutrition Group
  • ForFarmers N.V.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Animal Feed Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Animal Feed Historical Market (2018-2023) 
    8.3    Global Animal Feed Market Forecast (2024-2032)
    8.4    Global Animal Feed Market by Type
        8.4.1    Fodder and Forage
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Compound Feed
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Animal Feed Market by Livestock
        8.5.1    Pork
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aquatic Animal
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Cattle
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Poultry
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Animal Feed Market by Raw Material
        8.6.1    Soy
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Corn
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Others
    8.7    Global Animal Feed Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Animal Feed Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Animal Feed Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Animal Feed Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Animal Feed Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Animal Feed Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Alltech Inc.  
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Archer-Daniels-Midland Company 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Cargill, Incorporated 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Nutreco N.V. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Land O’Lakes, Inc.  
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Charoen Pokphand Foods PCL 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    FEED ONE CO., LTD. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    BRF S.A. 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Kent Nutrition Group 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    ForFarmers N.V. 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Animal Feed Market: Key Industry Highlights (USD Billion), 2018 and 2032
2.    Global Animal Feed Market: Key Industry Highlights (Billion Tons), 2018 and 2032
3.    Global Animal Feed Historical Market: Breakup by Type (USD Billion), 2018-2023
4.    Global Animal Feed Market Forecast: Breakup by Type (USD Billion), 2024-2032
5.    Global Animal Feed Historical Market: Breakup by Type (Billion Tons), 2018-2023
6.    Global Animal Feed Market Forecast: Breakup by Type (Billion Tons), 2024-2032
7.    Global Animal Feed Historical Market: Breakup by Livestock (USD Billion), 2018-2023
8.    Global Animal Feed Market Forecast: Breakup by Livestock (USD Billion), 2024-2032
9.    Global Animal Feed Historical Market: Breakup by Livestock (Billion Tons), 2018-2023
10.    Global Animal Feed Market Forecast: Breakup by Livestock (Billion Tons), 2024-2032
11.    Global Animal Feed Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
12.    Global Animal Feed Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
13.    Global Animal Feed Historical Market: Breakup by Raw Material (Billion Tons), 2018-2023
14.    Global Animal Feed Market Forecast: Breakup by Raw Material (Billion Tons), 2024-2032
15.    Global Animal Feed Historical Market: Breakup by Region (USD Billion), 2018-2023
16.    Global Animal Feed Market Forecast: Breakup by Region (USD Billion), 2024-2032
17.    Global Animal Feed Historical Market: Breakup by Region (Billion Tons), 2018-2023
18.    Global Animal Feed Market Forecast: Breakup by Region (Billion Tons), 2024-2032
19.    North America Animal Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
20.    North America Animal Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
21.    North America Animal Feed Historical Market: Breakup by Country (Billion Tons), 2018-2023
22.    North America Animal Feed Market Forecast: Breakup by Country (Billion Tons), 2024-2032
23.    Europe Animal Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
24.    Europe Animal Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
25.    Europe Animal Feed Historical Market: Breakup by Country (Billion Tons), 2018-2023
26.    Europe Animal Feed Market Forecast: Breakup by Country (Billion Tons), 2024-2032
27.    Asia Pacific Animal Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
28.    Asia Pacific Animal Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
29.    Asia Pacific Animal Feed Historical Market: Breakup by Country (Billion Tons), 2018-2023
30.    Asia Pacific Animal Feed Market Forecast: Breakup by Country (Billion Tons), 2024-2032
31.    Latin America Animal Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
32.    Latin America Animal Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
33.    Latin America Animal Feed Historical Market: Breakup by Country (Billion Tons), 2018-2023
34.    Latin America Animal Feed Market Forecast: Breakup by Country (Billion Tons), 2024-2032
35.    Middle East and Africa Animal Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
36.    Middle East and Africa Animal Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
37.    Middle East and Africa Animal Feed Historical Market: Breakup by Country (Billion Tons), 2018-2023
38.    Middle East and Africa Animal Feed Market Forecast: Breakup by Country (Billion Tons), 2024-2032
39.    Global Animal Feed Market Structure

Key Questions Answered in the Report

The market was valued at nearly USD 559.37 billion in 2023.

The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 803.07 billion in 2032.

The different raw materials used in animal feed include soy and corn, among others.

The major segments based on livestock in the market include pork, aquatic animal, cattle, and poultry, among others.

The different types of feed in the market include fodder and forage and compound feed.

The major regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The key market players are Alltech Inc., Archer-Daniels-Midland Company, Cargill, Incorporated, Nutreco N.V., Land O’Lakes, Inc., Charoen Pokphand Foods PCL, FEED ONE CO., LTD., BRF S.A., Kent Nutrition Group, and ForFarmers N.V., among others.

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