Animal Feed Industry Overview
According to MRFR Analysis, Animal Feed Market is expected to reach 480.0 USD billion by 2035, representing a compound annual growth rate (CAGR) of 1.82% from 2025 to 2035. The market was valued at 386.78 USD billion in 2023. The market is driven by the growing need for high-quality animal protein brought on by dietary changes and population expansion, as well as increased standards for food safety and health awareness. The sector is also being shaped by technological developments in feed production, with an emphasis on innovation and sustainability.
Top Drivers and Impediments
Rise in global meat consumption paired with the growing number of disease outbreaks have resulted in a higher requirement for better quality feeds in aqua, poultry, and more. Feeds are being instilled with nutrition enhancers that can improve the performance and health of animals. As a result, these products are indirectly affecting the characteristics of human food products. Consumption of feeds that contain sufficient nutrients leaves a positive impact on the livestock, including improvement in reproduction and digestion.
The rising preference for dairy and meat products across the globe could also buttress the market growth in the ensuing years. Rising spending on extensive research and development/RD to boost food fortification techniques can also give rise to a host of lucrative opportunities over the coming years.
Over the years, the retail sector has become quite lucrative on the back of the increasing purchasing capacity of the consumers due to rising per capita income, industrialization as well as globalization, which has led to a major demand for processed dairy and meat products. On the technical front, various key manufacturers have been increasingly adopting automated systems for complete control of their extensive production lines. The use of automation systems is helping the firms to bolster their production rate, track inventory, boost operator efficiency, and monitor every high-speed process. Therefore, fortified supply chains of the leading firms in the market have also been favorable, in terms of growth.
Segmental Analysis
The market for animal feed has been extensively categorized into form and species.
The various forms of animal feeds in the global market are mash, crumbles, pellets, and others.
The different species that consume animal feeds include swine, poultry, ruminants, aqua, and more.
Regional Outlook
Regional characteristics in the animal feed market are noteworthy and have a major impact on overall growth. With a majority share of 110.0 USD billion in 2024, North America is expected to grow to 130.0 USD billion by 2035, propelled by developed livestock industries and feed production technology breakthroughs. With a 2024 valuation of 90.0 USD billion and a projected 2035 growth of 110.0 USD billion, Europe comes in second, highlighting sustainable practices and the increased demand for high-quality animal products. Due in major part to rising meat consumption and population growth, the Asia Pacific area is valued at 140.0 USD billion in 2024 and is predicted to reach 180.0 USD billion by 2035.
Top Competitors
The top competitors in the worldwide industry are NUTRECO N.V. (The Netherlands), New Hope Group (China), Japfa Comfeed Indonesia Tbk (Indonesia), Archer Daniels Midland (ADM) Company (U.S.), COFCO Limited (Hong Kong), Charoen Pokphand Group (Thailand), Neovia Group (France), Land 'O Lakes Inc. (U.S.), Cargill Inc. (U.S.), ForFarmers N.V. (The Netherlands), and more.
