Global Animal Feed Market Outlook: Trends, Growth Drivers, and Future Prospects to 2031 | Meticulous Research®

The animal feed business does not usually make headlines, but it quietly supports most of the food we eat. From poultry and dairy to aquaculture, everything depends on consistent, good-quality feed. In 2023, the market size stood at around USD 699 billion, and if growth continues as expected, it could pass the USD 1 trillion mark by 2031, growing about 4.7% every year. By that time, total feed production might reach close to 2,965 million tons a huge jump that mirrors the rising demand for livestock products worldwide.

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Why the Market Keeps Growing

One big reason for this steady rise is the shift toward more commercial livestock farming. A lot of farmers, especially in developing regions, are moving from small-scale setups to structured systems that depend heavily on balanced nutrition. Even a small increase in herd or flock size can mean thousands of extra tons of feed are needed each year. At the same time, what people eat is changing. Meat and dairy products are more common in diets across the globe. Between 2021 and 2030, overall meat protein intake is expected to climb roughly 14%, with poultry seeing the strongest growth. Milk output is also on the rise and may reach around 1,060 million tons by 2031. These shifts are keeping feed producers busy and pushing the industry to innovate quickly.

Market Segment

By Type
Among all types, compound feed still holds the biggest share, about 72% in 2024. It's the most practical choice for commercial setups because it is balanced and consistent. Feed concentrates, however, are picking up speed as farmers experiment with more targeted blends that improve animal performance and reduce waste.

By Source
Most of today's feed nearly 70% still comes from plant-based ingredients like corn and soy. They are affordable, easy to find, and work well for a wide range of livestock. But the industry is also testing out newer options, including insects, algae, and microbial proteins, to build more sustainable and high-protein feed formulas.

By Form
Dry feed leads the market with over 90% share in 2024. It's easier to handle, store, and ship something both small farmers and large facilities appreciate.

By Animal Type
Poultry feed remains at the top with roughly 33% of the market. The growing appetite for chicken, particularly across Asia, is a big factor. On the other hand, aquaculture feed is expanding the fastest, fueled by growing seafood consumption and ongoing improvements in fish and shrimp farming.

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Regional Viewpoint

The Asia-Pacific region dominates, contributing about 39% of the total market value. Strong population growth, higher incomes, and changing diets in countries such as China, India, and Vietnam are driving this surge. In North America and Europe, the focus is on technology and sustainability. Farmers there are investing in smarter nutrition systems, precision feeding, and eco-friendly additives. Latin America continues to grow steadily, especially in poultry and beef, while the Middle East and Africa are slowly building more structured livestock industries.

Trends Shaping the Future

Sustainability is more than a buzzword in this sector it is becoming a necessity. Producers are testing natural additives, probiotics, and enzymes that support animal health while cutting down on antibiotic use. There is also growing interest in precision feeding where digital tools help measure exactly what animals eat and need. Automation, sensors, and feed management software are turning nutrition into a data-driven science. This kind of technology used to be limited to large farms, but it is now showing up in smaller operations too, helping farmers save money while improving productivity.

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Conclusion

The animal feed market is changing and fast. What used to be a basic, volume-driven industry is now leaning toward smart nutrition, sustainability, and technology adoption. As global populations rise and the demand for meat and dairy keeps growing, feed will remain one of the cornerstones of food production. Yes, price swings in raw materials and climate pressures are still major concerns. But innovation is balancing those risks. By 2031, the animal feed market is expected to cross USD 1 trillion, proving just how vital this industry is to global food security and agricultural progress.

Key questions answered in the animal feed market report:

• At what CAGR is the animal feed market expected to grow between 2024 and 2031?
• What is the projected market value of the animal feed industry by 2031?
• What are the major factors driving the growth of the global animal feed market?
• How is the commercialization of livestock farming influencing feed demand?
• Why are feed concentrates becoming more popular among farmers?
• What share of animal feed production is plant-based, and what are the benefits?
• What factors are contributing to Asia-Pacific's dominance in this market?
• How are North America and Europe incorporating sustainability in feed production?
• How is sustainability influencing innovation in the animal feed industry?
• What are the benefits of using probiotics, enzymes, and natural additives in feed?

Related Report:

• Animal Protein Market:
https://www.meticulousresearch.com/product/animal-protein-market-5824

• Nutritional Premixes Market: https://www.meticulousresearch.com/product/nutritional-premixes-market-3864

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