Animal Feed Market Set for Explosive Growth, expected to Hit USD 859.62 billion by 2034

Market Outlook:

● The animal feed market size was valued at USD 564.78 billion in 2024.
● The market is expected to expand at a CAGR of 4.3% from 2025 to 2034.
● The market is expected to grow to USD 859.62 billion by 2034.

Overview:

Animal feed plays a critical role in contemporary livestock farming, providing important nutrients necessary for animal development, well-being, and efficiency. It includes different nutritional components, such as carbohydrates, proteins, vitamins, and minerals, designed to fulfill the unique dietary requirements of various animal species. Animal feed is utilized in various sectors, such as poultry, livestock, aquaculture, and pet care. This enhancement helps achieve the desired quality of meat, increases milk production, and improves egg-laying efficiency.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/animal-feed-market/request-for-sample

Growth Factors and Opportunities:

The growing demand for livestock products such as meat, dairy, and eggs is propelling the animal feed market. Animal nutrition's significance in meeting the increasing protein demands is a key factor in livestock farming's growth. Moreover, developments in technology for producing feed are changing the industry, improving efficiency and sustainability. Businesses are also investigating different feed sources, such as insect protein and algae, to lessen their reliance on traditional grains and soy.
Key Participants:

As the market expands, competition is expected to increase with the involvement of numerous businesses. Some of the major players participating in the animal feed market:

• Cargill, Incorporated
• Charoen Pokphand Foods PCL
• ADM
• Royal Agrifirm Group
• Alltech
• BRF Global
• DaChan Food (Asia) Limited
• De Heus Animal Nutrition
• ForFarmers
• Guangdong HAID Group Co., Ltd.
• Kent Nutrition Group
• New Hope Liuhe Co., Ltd.
• Smithfield Foods, Inc
• Purina Animal Nutrition LLC.
• Tyson Foods, Inc.
• Evonik Industries AG
• BASF SE

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.polarismarketresearch.com/buy/110/2

Animal Feed Market Report Highlights

• By form analysis, the pellets segment is anticipated to experience substantial growth with a significant CAGR in the global market. This growth is due to efficient and convenient feed options, and ease of handling and storage compared to loose feed.
• By livestock analysis, the poultry segment accounted for the largest revenue share of the market in 2024 due to the increase in the production of poultry farming.
• In 2024, North America dominated the animal feed market due to the established presence of several companies within the region.
• The animal feed market in China is projected for substantial growth due to the increased production of pork.

Market Segmentation:

The animal feed market is mainly segmented based on type, livestock, form, composition, and region. Based on the livestock analysis, in 2024, the poultry segment accounted for the largest revenue share of the market because of the growing need for chicken meat and eggs. Poultry is a widely eaten source of protein around the world, and the industry of poultry farming is growing on a global scale.

Furthermore, according to the form analysis, the pellets segment is anticipated to register a substantial CAGR in the global market. Pellet animal feed is a practical and convenient option for feeding animals, and it is recognized for its ease of storage and handling compared to loose feed.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/animal-feed-market

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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https://www.openpr.com/news/3753374/black-beer-market-growth-51-61-billion-by-2030-8-6-cagr

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https://www.openpr.com/news/3753384/meal-replacement-market-surge-to-18-91-billion-predicted

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https://www.openpr.com/news/3755917/dairy-foods-market-outlook-projects-1-346-32-billion-by-2030

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This release was published on openPR.