Press release
Global Feed And Animal Nutrition Market to Reach $745.62 Billion by 2029, Growing at 6.8% CAGR
Feed And Animal Nutrition Market Growth
The rising consumption of meat, dairy, and poultry products is expected to drive the feed and animal nutrition market. This growth is fueled by population growth, changing diets, and increasing protein demand. Animal nutrition solutions enhance the quality and productivity of these products while promoting sustainable farming practices. According to the Food and Agriculture Organization, global meat production is projected to increase from 356.9 million metric tons in 2021 to 363.9 million metric tons in 2023, driving growth in the feed and animal nutrition market.
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How will the growth rate of the feed and animal nutrition market shape industry trends by 2034?
The feed and animal nutrition market has grown significantly in recent years. It will grow from $533.73 billion in 2024 to $572.31 billion in 2025, at a CAGR of 7.2%. The historical growth is linked to the rise in livestock farming, increased consumption of meat and dairy, rising incomes in developing countries, urban migration, favorable subsidies, and policies supporting agriculture, and global population growth.
The feed and animal nutrition market is projected to grow to $745.62 billion by 2029 with a CAGR of 6.8%. Growth is attributed to rising awareness of animal health and food safety, sustainable farming practices, growing aquaculture, rising pet ownership, and improved regulatory frameworks. Trends include the use of AI and advanced data analytics, sustainable feed ingredients, health-boosting feed components, automation, and genetic research to improve feed conversion ratios.
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What trends are poised to drive the future success of the feed and animal nutrition market?
Companies in the feed and animal nutrition markets are concentrating on creating innovative products like in-feed sweetening solutions to improve the taste of feed and promote intake during crucial growth phases. In-feed sweetening solutions are additives used to enhance the palatability of animal feed. These solutions typically contain sweeteners, either natural or artificial, to make the feed more appealing to animals. For example, in November 2022, Archer-Daniels-Midland Company (ADM), a US-based food processing company, introduced the SUCRAM range, an in-feed sweetening solution aimed at livestock. This range includes products like SUCRAM M'I Sweet and SUCRAM Specifeek, designed to enhance feed intake and efficiency for young animals, particularly weanling pigs. These saccharin-free sweeteners have been tested using a swine sweet taste receptor model to support feed consumption during the transition from liquid to solid feed. The products may also help optimize nutrient absorption, support gut health, and boost growth and performance during this critical stage.
Which primary segments of the feed and animal nutrition market are driving growth and industry transformations?
The feed and animal nutrition market covered in this report is segmented -
1) By Product Type: Amino Acids, Vitamins, Minerals, Enzymes, Fish Oils And Nutrition Lipids, Eubiotics, Carotenoids, Other Product Types
2) By Species: Poultry, Swine, Ruminants, Pets, Other Species
3) By Administrative Method: Oral, Topical, Injection
4) By Application: Veterinarians, Animal Feed Manufacturers, Households, Farms, Other Applications
Subsegments:
1) Amino Acids: Lysine, Methionine, Threonine, Tryptophan
2) Vitamins: Vitamin A, Vitamin D, Vitamin E, Vitamin K, B Vitamins
3) Minerals: Macro Minerals (e.g., Calcium, Phosphorus), Micro Minerals (e.g., Zinc, Copper)
4) Enzymes: Protease, Amylase, Phytase, Lipase
5) Fish Oils and Nutrition Lipids: Omega-3 Fatty Acids, Omega-6 Fatty Acids, Marine Fish Oils, Plant-Based Lipids
6) Eubiotics: Probiotics, Prebiotics, Organic Acids, Symbiotics
7) Carotenoids: Beta-carotene, Lutein, Astaxanthin, Canthaxanthin
8) Other Product Types: Fiber Supplements, Proteins and Hydrolysates, Flavoring Agents, Trace Elements
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Which regions are key players in the growth of the feed and animal nutrition market?
Asia-Pacific was the largest region in the feed and animal nutrition market in 2023. The regions covered in the feed and animal nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the feed and animal nutrition market landscape?
Major companies operating in the feed and animal nutrition market are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Tyson Foods Inc., Evonik Industries AG, Charoen Pokphand Foods Public Company Limited, Land O'Lakes Inc., Koninklijke DSM N.V., De Heus Animal Nutrition B.V., Nutreco N.V., Elanco Animal Health Incorporated, Wilbur-Ellis Company LLC, Alltech Inc., Royal Agrifirm Group B.V., ForFarmers N.V., Trouw Nutrition USA LLC, Kemin Industries Inc., Lallemand Inc., Phibro Animal Health Corporation, Balchem Corporation, Ridley Corporation Limited, Kent Nutrition Group Inc., Novus International Inc., Manna Pro Products LLC, Zinpro Corporation, Diamond V Mills Inc., Vita Plus Corporation, BIOMIN Holding GmbH, Hi-Pro Feeds LP
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What Is Covered In The Feed And Animal Nutrition Global Market Report?
•Market Size Forecast: Examine the feed and animal nutrition market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the feed and animal nutrition market for a structured understanding.
•Key Players Overview: Analyze major players in the feed and animal nutrition market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the feed and animal nutrition market.
•Segment Contributions: Evaluate how different segments drive overall growth in the feed and animal nutrition market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the feed and animal nutrition market.
•Industry Challenges: Identify potential risks and obstacles affecting the feed and animal nutrition market.
•Competitive Landscape: Review strategic developments in the feed and animal nutrition market, including expansions, agreements, and new product launches.
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