Animal Food Industry Outlook 2025-2029: Market Set to Cross $412.77 Billion Milestone

Animal Food Industry Outlook 2025-2029: Market Set to Cross $412.77 Billion MilestoneUse code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Animal Food Market Size By 2025?
The market for animal feed has seen a robust expansion in the past few years. Its current projection indicates an increase from $277.69 billion in 2024 to $301.09 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. Several factors contribute to this growth observed in the historic period, including greater pet ownership, advancement in animal agriculture, the trend of humanizing pets, increased global meat consumption, and the implementation of various regulations and standards.

How Big Is the Animal Food Market Size Expected to Grow by 2029?
The market size of animal food is forecasted to experience significant expansion in the upcoming years. By 2029, it is expected to reach a value of $412.78 billion, with a compound annual growth rate (CAGR) of 8.2%. The anticipated growth during this period could be due to factors such as pet health and wellness, sustainable and ethically sourced products, tailor-made and individualized diets, digital promotion, and e-commerce. Key projected trends during this time frame include diets both free from and inclusive of grains, formulations that are rich in protein and prioritize meat, natural and organic pet food, alternate protein sources, and functional ingredients.

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Which Key Market Drivers Powering Animal Food Market Expansion and Growth?
The anticipated consistent economic expansion in numerous developed and emerging nations is playing a significant role in driving the growth of the animal and pet food market. For example, predictions from the France-based intergovernmental group, the Organisation for Economic Co-operation and Development, in May 2024, indicated that global GDP growth is set to maintain a steady 3.1% rate in 2024, the same rate as in 2023. A marginal increase, reaching 3.2%, is expected in 2025. An additional propellant for this market growth comes with the rebound of commodity prices following a considerable downturn in the recent past. Over the forecast interval, steady progress is anticipated in developed economies. Similarly, it is predicted that developing markets will slightly outpace developed markets in growth rate during the projected period. This reliable economic expansion is slated to boost investments in end-user markets, thereby propelling the market throughout the forecast period.

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Which Fast-Growing Trends Are Poised to Disrupt the Animal Food Market?
The heightened awareness towards the benefits of probiotics on animal health among both cattle farmers and pet owners is driving the considerable uptake of probiotics in animal feed for farm animals such as cattle, horses, ruminants, and poultry. Enhanced developments in the fields of molecular biology and gene sequencing are enabling scientists to delve further into discovering fresh probiotic usages for animals, in both feed and ready-to-consume health products. There has been a considerable surge in the use of probiotics in animal feed for farm animals, demonstrating a positive impact on animal performance, digestive system, and immunity. For example, Bactana Animal Health, a company located in the US, has successfully completed its preliminary funding round for the production of a unique Faecalibacterium prausnitzii bacterial strain intended for commercial livestock application.

What Are the Emerging Segments in 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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Who Are the Global Leaders in the Animal Food Market?
Major companies operating in the animal food market include Cargill Incorporated, New Hope Liuhe Co. Ltd., Charoen Pokphand Foods PCL, Bunge 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.

Which are the Top Profitable Regional Markets for the Animal Food Industry?
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.

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