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Global Animal Food Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Animal Food Market
How Big Is the Animal Food Market Size Expected to Be by 2034?
The animal food market size has also grown significantly. It is expected to rise from $277.69 billion in 2024 to $301.09 billion in 2025 at a CAGR of 8.4%. The increase is attributed to rising pet ownership, livestock farming, the trend of treating pets like family, global meat demand, and adherence to regulations.
The animal food market size is expected to grow robustly in the next few years. It will increase to $412.78 billion by 2029 at a compound annual growth rate (CAGR) of 8.2%. Growth is driven by the growing focus on health and wellness for pets, sustainability, ethical sourcing, customized diets, digital marketing, and e-commerce. Key trends include grain-free and grain-inclusive diets, protein-rich formulations, natural and organic pet food, alternative protein sources, and functional ingredients.
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What Are the Emerging Segments Within the Animal Food Market?
The animal food market covered in this report is segmented -
1) By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
2) By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Poultry Feed: Broiler Feed, Layer Feed, Breeder Feed
2) By Cattle Feed: Dairy Cattle Feed, Beef Cattle Feed, Calf Feed
3) By Aquaculture Feed: Fish Feed, Shrimp Feed, Shellfish Feed
4) By Other Animal Food: Swine Feed, Horse Feed, Pet Food for Specialty Animals (Rabbits, Guinea Pigs)
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What Long-Term Drivers Are Shaping Animal Food Market Trends?
The growth of the animal and pet food market is being supported by stable economic conditions anticipated in both developed and developing regions. According to the Organisation for Economic Co-operation and Development, global GDP is projected to remain steady at 3.1% in 2024, matching 2023 levels, with a slight increase to 3.2% expected in 2025. The rebound in commodity prices, following a significant downturn in previous years, is also expected to contribute to this growth. Developed economies are set to experience stable progress, while emerging markets are likely to expand at a slightly faster rate. This overall economic stability is expected to drive increased investment in end-user industries, thereby propelling the animal and pet food market forward during the forecast period.
Who Are the Top Competitors in Key Animal Food Market Segments?
Major companies operating in the animal food market include Cargill Incorporated, New Hope Liuhe Co. Ltd., Charoen Pokphand Foods PCL, bun*ge Limited, Mitsui, CJ Cheiljedang Corp, Land O'Lakes Inc., ForFarmers NV, Japfa Ltd., Tate & Lyle, Mars Petcare Inc., Nestlé Purina PetCare, ADM Animal Nutrition Inc., Ainsworth Pet Nutrition LLC, Alphia, Hill's Pet Nutrition Inc., Diamond Pet Foods, Blue Buffalo Co.Ltd., Spectrum Brands Inc., WellPet Group, Sunshine Mills Inc., Merrick Pet Care Inc., Simmons Pet Food, C.J. Foods Inc., Tuffy's Pet Food Inc., Nature's Variety, AgriProtein, Al Dahra Agricultural Company LLC, Big Heart Pet Brands, Bob Martin Petcare, BOCM Pauls, Ceylon Grain Elevators plc, Champion Petfoods LP, Devenish Nutrition, Diamond V, Ewos Group AS, H&N International GmbH.
What Animal Food Market Trends Are Gaining Traction Across Different Segments?
As awareness of the benefits of probiotics for animal health grows among cattle farmers and pet owners, the use of probiotics in animal feed for farm animals such as cattle, horses, and poultry is increasing. Advances in molecular biology and gene sequencing are allowing researchers to explore new probiotic applications for animals, both in feed and consumer health products. This surge in probiotic adoption in animal feed is yielding positive results in terms of animal performance, digestion, and immune health. For instance, Bactana Animal Health, a US-based company, has completed its first round of funding to develop a novel bacterial strain of Faecalibacterium prausnitzii for use in commercial livestock.
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Which Regions Are Becoming Hubs for Animal Food Market Innovation?
Asia-Pacific was the largest region in the animal food market in 2023. Western Europe was the second-largest region in the animal food market. The regions covered in the animal food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Animal Food Market?
2. What is the CAGR expected in the Animal Food Market?
3. What Are the Key Innovations Transforming the Animal Food Industry?
4. Which Region Is Leading the Animal Food Market?
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