Animal Feed Market Size, Key Players, Latest Insights, Analysis and Forecast 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, trends, and growth 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:

• Population growth:

The global population is rising, increasing the demand for food, especially meat, dairy, and eggs. This trend pressures the agricultural sector to produce food more efficiently. It also raises the need for animal feed to support growing livestock and poultry. Developing countries, in particular, are seeing rapid population growth and rising incomes. This leads to a shift in diets towards more animal products. As a result, the demand for animal feed is also increasing in these regions.

• Increasing demand for animal products:

The rising demand for animal products is boosting the animal feed market. As incomes grow and lifestyles change, more people are seeking protein-rich diets. Urbanization, new dietary preferences, and awareness of the benefits of animal foods are key factors. To meet the demand for animal products, farms need to be larger and more efficient. These animals need proper nutrition to produce quality meat, milk, or eggs. This need drives up the demand for high-quality animal feed, thus expanding the market.

• Advancements in feed technology:

Significant technological advancements in feed formulation, processing techniques, and additives play a crucial role in driving the animal feed industry. These innovations aim to improve the nutritional content, digestibility, and overall quality of animal feeds. Moreover, the development of precision nutrition allows for tailored feed formulations based on the specific nutritional requirements of different animal species and production stages. Additionally, advancements in feed processing technologies enhance feed digestibility and reduce wastage, thereby improving feed efficiency. Furthermore, ongoing advancements in sustainable feed production practices, such as utilizing alternative protein sources like insects or algae, thereby addressing concerns related to environmental sustainability and resource efficiency in animal feed production are contributing to the market growth.

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Animal Feed Market Report Segmentation:

Breakup By Form:

• Pellets
• Crumbles
• Mash
• Others

Pallets represent the largest segment due to their convenience, ease of handling, and efficient storage capabilities, making them preferred by feed manufacturers and farmers alike.

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 dominates the market by animal type due to the increasing global consumption of poultry products, driven by factors such as affordability, versatility, and health perceptions associated with poultry meat and eggs.

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

• Others

Cereals account for the majority of the market share by ingredient due to their widespread availability, cost-effectiveness, and nutritional value.

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 enjoys the leading position in the market due to its large and rapidly growing population, rising disposable incomes, and increasing demand for animal products.

Global Animal Feed Market Trends:

The animal feed market is changing due to trends in consumer preferences, technology, and sustainability. As the global population grows, so does the demand for animal products and, consequently, animal feed. Key trends are shaping the industry's future. A major trend is the focus on sustainability. Consumers are now more aware of food production's environmental impact. This awareness is driving a shift towards sustainable farming and feed practices. These practices include using alternative protein sources like insects, algae, and plants. Such sources are more sustainable and offer nutritional benefits. They reduce the need for traditional ingredients like soy and corn, which require a lot of land and water. Companies are also investing in technologies that make feed production more sustainable, cutting waste and emissions.

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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