Press release
Feed And Animal Nutrition Market Size Forecasted To Achieve $745.62 Billion By 2029 With Steady Growth
Feed And Animal Nutrition
What Is the Feed And Animal Nutrition Market Size and Projected Growth Rate?
The feed and animal nutrition market has grown strongly in recent years. It will rise from $533.73 billion in 2024 to $572.31 billion in 2025, at a compound annual growth rate (CAGR) of 7.2%. The growth is attributed to the rise in livestock farming, increased consumption of meat and dairy, rising incomes in developing countries, urban migration, favorable subsidies for agriculture, and global population growth.
The feed and animal nutrition market is expected to grow strongly, reaching $745.62 billion by 2029 at a CAGR of 6.8%. This growth can be attributed to increasing consumer awareness of animal health, a focus on sustainable farming practices, the expanding aquaculture industry, rising pet ownership, and improved regulatory frameworks for animal welfare and food safety. Major trends include the use of AI and data analytics to create tailored feed, the use of sustainable feed ingredients, the development of health-boosting feeds, integration of IoT in feed production, and the application of genetic research to improve feed conversion ratios.
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What Are the Major Segments in the Feed And Animal Nutrition Market?
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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What Are The Driving Feed And Animal Nutrition Market Evolution?
The increased demand for animal-based food products is expected to drive the feed and animal nutrition market. Meat, dairy, and poultry products are essential protein sources in global diets. Rising demand is fueled by population growth, evolving food preferences, and a need for high-quality protein. Feed and animal nutrition enhance production efficiency, ensure animal health, and maintain food safety. For example, in June 2023, the FAO projected global meat production to rise from 356.9 million metric tons in 2021 to 363.9 million in 2023. Poultry production was forecast to reach 142.7 million metric tons in 2023, up from 138.2 million in 2021. Therefore, increased consumption of animal-based foods is propelling the feed and animal nutrition market.
Which Firms Dominate The Feed And Animal Nutrition Market Segments?
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
What Trends Are Driving Growth in The Feed And Animal Nutrition Market?
Major firms functioning within the animal feed and nutrition industry are concentrating on the invention of unique products, such as in-feed sweeteners, which aim to enhance feed palatability and thereby promote consumption during essential growth phases. In-feed sweetener additions can stimulate animal feed consumption by improving its tastes using natural or synthetic sweeteners, which are particularly effective for livestock and pets. For example, The Archer-Daniels-Midland Company (ADM), a food processing company based in the US, introduced its product line SUCRAM in November 2022, offering in-feed sweetening solutions for livestock. The product line includes SUCRAM M'I Sweet and SUCRAM Specifeek - in-feed sweeteners especially formulated to amplify the taste of young animal feed, most notably in piglets. The objective of these sweeteners is to amplify feed consumption and optimise efficiency for providers, all while backing the health and welfare of the animals. These non-saccharin sweeteners have been assessed through a swine sweet taste receptor model in-vitro and are meant to stimulate feed consumption when transitioning from liquid to solid feed. Furthermore, it's anticipated that these products can enhance nutrient absorption, fortify gut health and boost the growth and performance of pigs during this difficult phase.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Feed And Animal Nutrition Market?
2. What is the CAGR expected in the Feed And Animal Nutrition Market?
3. What Are the Key Innovations Transforming the Feed And Animal Nutrition Industry?
4. Which Region Is Leading the Feed And Animal Nutrition Market?
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