Press release
Animal Feed Market is Expected to Reach USD 681.8 Billion by 2033 | CAGR of 2.8
Animal Feed Market Overview:
The global animal feed market is projected to grow from USD 548.1 Billion in 2025 to USD 681.8 Billion by 2033, exhibiting a CAGR of 2.8% during the forecast period of 2025-2033. The Asia Pacific region currently dominates the market due to its large livestock population, rising demand for animal protein, government support, and advanced feed production technologies. Increased consumption of meat, dairy, and poultry products drives the demand for high-quality feed that improves livestock productivity and sustainability.
Study Assumption Years:
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033
Animal Feed Market Key Takeaways:
• Current Market Size: USD 548.1 Billion in 2025
• CAGR: 2.8% (2025-2033)
• Forecast Period: 2025-2033
• Asia Pacific leads the market driven by a large livestock population and advancements in feed production.
• Pellets constitute the largest form segment due to nutrient density and ease of transport.
• Poultry dominates by animal type, fueled by demand for meat and eggs.
• Cereals are the leading ingredient segment, serving as a major energy source.
• Technological innovations and government support are accelerating market growth.
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Market Growth Factors:
The growth of the global animal feed market is driven by the increasing demand for meat, dairy, and poultry products that encourage the production of high-quality feed to increase livestock performance. The development of precision nutrition technology, custom diets, probiotics, amino acids, and feed acids has improved livestock production, health, acting as a driving factor for market growth. Improving environmental awareness results in the development of so-called 'green' feed additives, which help reduce greenhouse gas emissions and promote sustainable agriculture.
Government support programs and subsidies for livestock farming and feed production, as well as investments in modernized feed manufacturing technology and infrastructure, are contributing factors to market growth. In the USA, for example, Kemin Industries launched FORMYL in 2024, comprising a multi-benefit novel feed acidifier for use in swine health, as a non-antibiotic pathogen management solution and to improve gut health.
Economic shifts may impact consumers' purchasing power and preferences, and thus the demand for animal products and feed. An anticipated high risk for recession in the US and globally by 2024-2025 implies increasing need for flexible feed products. Regulations may formulate rules, source ingredients, label items, and distribute goods. Regulations may support innovations in feed formulation for more efficient resource use and a reduction of emissions. These regulations often shape market practices and drive compliance with production and distribution standards in the sector.
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Market Segmentation:
Breakup By Form:
• Pellets: Largest segment offering consistent nutrient distribution, reducing feed wastage, and ease of handling, storage, and transport. Enhances feed consumption and digestibility in various livestock.
• Crumbles
• Mash
• Others
Breakup By Animal Type:
• Swine: Includes Starter, Finisher, Grower sub-segments.
• Ruminants: Includes Calves, Dairy Cattle, Beef Cattle, and Others.
• Poultry: Includes Broilers, Layers, Turkeys, and Others; leads market due to increasing poultry product demand requiring high-quality specialized feed.
• Aquaculture: Encompasses Carps, Crustaceans, Mackeral, Milkfish, Mollusks, Salmon, and Others.
• Others
Breakup By Ingredient:
• Cereals: Dominant segment as an affordable, carbohydrate-rich energy source for livestock with wide availability and high digestibility.
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives: Includes Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others.
• Others
Breakup By Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Asia Pacific holds the largest share of the global animal feed market due to its substantial livestock population and increased focus on improving livestock productivity. Countries such as China, India, and Japan invest heavily in advanced feed formulations supporting poultry, swine, and aquaculture. Expansion of feed production facilities and growing farmer awareness about livestock nutrition contributes to market growth. In 2024, a new animal feed facility with a daily capacity of 800 metric tons was launched in Gujarat, India, aiming to aid farmers and promote sustainable farming.
Recent Developments & News:
• November 2024: UPL and CH4 Global launched Methane Tamer, a feed additive reducing methane emissions from cattle by up to 90%, targeting livestock markets in India and Brazil for sustainable farming.
• November 2024: TrinamiX GmbH and Eurofins Agro Testing presented a portable device for on-farm forage testing at EuroTier 2024, enhancing silage production and feed optimization.
• November 2024: Angel Yeast and PT. Tunas Baru Lampung Tbk invested USD 43.46 Million to build a yeast production facility in Indonesia's Lampung Province, enhancing market presence across Asia.
• March 2024: EW Nutrition introduced Axxess XY, a thermostable xylanase improving nutrient digestibility and feed efficiency, at VICTAM 2024.
Key Players:
• Alltech
• Anova Feed
• Archer-Daniels-Midland Company
• Bunge Global SA
• Cargill Incorporated
• Charoen Pokphand Foods PCL
• Godrej Agrovet Limited
• Nutreco N.V
• Purina Animal Nutrition LLC.
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