Animal Feed Market Size, Growth, Key Players, Future Scope and Business Opportunities 2025-2033

IMARC Group, a leading market research company, has recently releases report titled "Animal Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033," The study provides a detailed analysis of the industry, including the global animal feed market size, share, growth, trends and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the animal feed market?

The global animal feed market size was valued at USD 533.4 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 681.8 Billion by 2033, exhibiting a CAGR of 2.8% from 2025-2033.

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Factors Affecting the Growth of the Animal Feed Industry:

• Increasing Demand for Meat and Dairy Products:

The global surge in demand for meat and dairy products is a pivotal driver of the animal feed market. As populations grow and incomes rise, dietary preferences shift towards higher protein intake, including meat, milk, and eggs. This trend compels livestock producers to enhance both the quantity and quality of their output, directly influencing the demand for nutrient-rich animal feed. High-quality feeds are essential for improving animal health, productivity, and the nutritional value of animal-derived products.

• Rising Awareness of Nutritional Requirements:

Awareness of the nutritional needs of farm animals and pets has significantly increased among farmers, pet owners, and industry stakeholders. This heightened awareness is due to more accessible information and education on animal health and nutrition. As a result, there's a growing demand for enriched animal feed products that contain essential vitamins, minerals, and proteins necessary for the optimal growth, development, and health of animals. This trend encourages feed manufacturers to invest in research and development to produce specialized feed formulations.

• Advancements in Animal Feed Technologies:

Technological advancements in animal feed production have revolutionized the industry, enhancing feed efficiency and livestock performance. Precision nutrition, for example, involves the use of sophisticated algorithms and data analytics to formulate feeds that meet the exact nutritional requirements of animals at different stages of growth. Additionally, innovations in feed additives, such as enzymes, probiotics, and prebiotics, improve feed digestibility and health benefits. These technological advancements enable producers to maximize feed utilization and animal growth rates, reducing waste and environmental impact.

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Animal Feed Market Report Segmentation:

Breakup By Form:

• Pellets
• Crumbles
• Mash
• Others

Pellets represent the largest segment by form in the animal feed market due to their ease of handling, storage efficiency, and higher nutrient density, which improves feed conversion rates in animals.

Breakup By Animal Type:

• Swine
o Starter
o Finisher
o Grower

• Ruminants
o Calves
o Dairy Cattle
o Beef Cattle
o Others

• Poultry
o Broilers
o Layers
o Turkeys
o Others

• Aquaculture
o Carps
o Crustaceans
o Mackeral
o Milkfish
o Mollusks
o Salmon
o Others

• Others

Poultry represented the largest segment by animal type because of the widespread consumption of chicken and eggs globally, driving the demand for specialized poultry feed to enhance productivity and meet consumer demand.

Breakup By Ingredient:

• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
o Antibiotics
o Vitamins
o Antioxidants
o Amino Acids
o Feed Enzymes
o Feed Acidifiers
o Others

Cereals represented the largest segment by ingredient, as they are a primary source of energy in animal diets and widely available, making them a cost-effective base for many feed formulations.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific was the largest market by region, attributed to the region's large agricultural sector, increasing meat consumption, and rising awareness of animal nutrition, coupled with the presence of major livestock and aquaculture-producing countries.

Global Animal Feed Market Trends:

The global animal feed market is driven by several key factors that collectively propel its growth and expansion, such as the increasing demand for meat and dairy products worldwide, which fuels the need for high-quality animal feed to enhance livestock productivity and health. Moreover, the rising awareness of the nutritional requirements of farm animals among farmers and pet owners alike emphasizes the importance of fortified feed products.

In line with this, advancements in animal feed technologies, including precision nutrition and feed additives, significantly contribute to market growth by improving feed efficiency and animal growth rates. Additionally, the global expansion of the aquaculture industry necessitates specialized feeds, thereby broadening the market scope. Furthermore, environmental sustainability concerns also drive the adoption of organic and non-GMO feed products, aligning with consumer preferences for sustainably produced animal products.

Who are the key players operating in the industry?

The report covers the major market players including:

• Archer-Daniels-Midland Company
• Cargill Incorporated
• Charoen Pokphand Group
• Dupont De Nemours Inc.
• Evonik Industries AG (RAG-Stiftung)
• ForFarmers N.V.
• Kemin Industries Inc.
• Nutreco N.V (SHV Holdings)
• Perdue Farms Inc.
• Tyson Foods Inc.

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