Global Animal Feed Market- Market Overview:

The global animal feed market is expected to grow from USD 499.4 billion in 2022 to USD 662.7 billion by 2030, at a CAGR of 3.6% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for animal feed to fulfil the nutritional requirements of animals.

Food products for poultry, ruminants, swine, and aquatic animals are referred to as animal feed. In order to produce animal feed, a variety of products with high nutritional values are blended together, including hay, silage, straw, sprouted grains, oils and legumes. As humans become more accustomed to animal-based products, the animal feed market will be driven by a demand for products with high nutritional value. Over the Projection period, dairy products are expected to grow due to their associated health benefits, as well as their wide range of applications. Due to cattle being the primary source of dairy products such as milk, cream, butter, and cheese, which are among others, a sudden increase in cattle farming has been observed in various regions, resulting in an increase in product demand. In addition, the market is expected to continue to grow due to rising consumer spending capacity, extensive research and development (R&D), and favourable government policies that encourage animal feed use. It is expected, however, that raw material prices are going to continue to fluctuate, along with the labelling of fats and oils and safety concerns, which will hamper the growth of the animal feed market over the Projection period. In contrast, the high capital investments required for extraction will hinder growth.

Sample Request: - Global Animal Feed Market

Market Dynamics:

Drivers:                          

• Rising awareness about animals’ health

Animal health is another factor that will drive market growth. Increased cattle farming will almost certainly increase animal feed demand. Humans' growing demand for animal-based products will drive market demand. Moreover, rising awareness among humans about the benefits of using animal feed and feed additives is propelling the growth of the market. Furthermore, the rising number of meat and pork consumers across the globe is also driving market growth.

Restraints:                                             

• High cost of raw material

Rising awareness among consumers about the benefits of using animal feed is boosting market growth. But on the other hand, the high cost of raw materials used to produce animal feed is obstructing the growth of the market. A combination of high raw material prices, increasing regulatory restrictions and bans will be restraining market growth for animal feed over the Projection period.

Opportunities:

• Rising awareness about the food safety of animals

Rising concern about the food safety of animals is boosting the growth of the market. The animal feed market is also growing due to an increased understanding of the importance of maintaining a healthy animal diet by farm owners. Because of this, they are shifting from regular animal feed to functional and premium versions that increase immunity to enzootic disease while reducing the risk of metabolic disorders, injuries, and infections.

Challenges:

• Lack of awareness

The growth of the animal feed market is hampered in the least developed economies due to a lack of awareness among the people about the benefits of animal feed. Most consumers prefer their traditional roughage over animal feed for their animals which is impacting the market growth negatively. Moreover, a lack of awareness about the health of animals is also challenging the market growth.

Segmentation Analysis:

The global animal feed market has been segmented based on form, livestock, type, and region.

By Form

The form segment includes crumbles, pellets, mash, and others. The pellets segment led the largest share of the animal feed market with a market share of around 31% in 2022. A feed pellet is a dense, free-flowing pellet produced by grinding finely ground feed into finely powdered forms. The production of pellets involves a grinding machine to crush maize, soybeans, and other ingredients that are used in animal feed into powdered forms. Furthermore, feed pellets are more easily digested and absorbed by the animals than traditional roughages, and are easier to store and transport than traditional roughages.

By Livestock

The livestock segment includes aquaculture, poultry, ruminants, swine, and others. The poultry segment led the largest share of the animal feed market with a market share of around 29% in 2022. Farm chickens, geese, and other domestic birds consume poultry feed. In addition to whole maize and cottonseed cake, poultry feeds include maize germ, soya beans, sunflowers, and fish meal as well. A wide range of nutrients, proteins, minerals, vitamins, and soybean oil meal is included in modern poultry feeds, which has fueled market growth and increased the Animal Feed Market worldwide.

By Type

The type segment includes probiotics, acidifiers, antioxidants, enzyme, vitamins, amino acids, minerals, and others. The probiotics segment led the largest share of the animal feed market with a market share of around 29% in 2022. The probiotic bacteria Lactobacillus, Bacillus, Streptococcus, Pediococcus, Enterococcus, Bifidobacterium, and Propionibacterium are most frequently utilised in animal feeds. For maximum potency, most commercially sold probiotics like these are noted to contain multiple species, and some additionally contain fungus and yeast.

Global Animal Feed Market- Sales Analysis.

The sale of animal feed expanded at a CAGR of 3.1% from 2016 to 2022.

In many places around the world, livestock raising and animal consumption play a crucial role in ensuring the economic and nutritional well-being of millions of people. In the global food industry, animal feeds play a leading role, and feed is the largest and most important component of ensuring that animal proteins are safe, abundant and affordable. Growing demand for protein-rich and nutritious animal feeds is expected to occur during the Projection period as livestock and farm animals play a vital role in the global food supply chain.

A major driving force behind the market's growth is an increasing awareness of the health benefits of algae-based ingredients in animal feeds.

On account of cattle being the major source of dairy products such as milk, cream, butter, and cheese, a sudden increase has been observed in cattle farming across various regions, which is one of the leading factors behind the growth of the market.

Thus, owing to the aforementioned factors, the global animal feed market is expected to grow at a CAGR of 3.6% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the animal feed market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the animal feed market and held a 38.5% share of the market revenue in 2022.

• The Asia Pacific region witnessed a major share. There is a strong trend of dominance in the animal feed market in Asia-Pacific over the Projection period, and it will continue to flourish due to the high consumption of pork in countries like China and Japan, which drives animal feed production in the region. Several animal breeders live in the region, and they need high-quality additives to formulate feed. People's purchasing power has increased and living standards have improved in the region, leading to increased consumption of meat, which directly impacts the market for animal feed.
• North America is anticipated to experience significant growth during the predicted period. Due to increasing client awareness of the advantages associated with feed additives, North America is expected to have the highest CAGR. It is expected that increased meat consumption, primarily in the U.S., and stringent meat quality regulations will drive the regional market during the Projection period. Moreover, the region is expected to grow faster because raw materials, such as maize and dextrose, are readily available.

Global Animal Feed Market - Country Analysis:

• Germany

Germany's animal feed market size was valued at USD 37.13 billion in 2021 and is expected to reach USD 49.6 billion by 2029, at a CAGR of 3.7% from 2023 to 2030.

A total of 330 feed mills are operating in Germany, which is supporting the development of the European market. Furthermore, pork and cattle make up more than 65% of the animal feed consumption across Spain, making them the biggest driving force for the Spanish livestock feed industry, resulting in a rise in the consumption of poultry, beef, and other meat products, which in turn drives the country's livestock population. In addition, an increase in awareness of the benefits of animal feed in improving farm animals' diets is causing the demand for animal feed to increase across the nation.

• China

China’s animal feed market size was valued at USD 49.9 billion in 2021 and is expected to reach USD 67.7 billion by 2029, at a CAGR of 3.9% from 2023 to 2030.

Around 116 million people suffer from diabetes in China at present, making it the country with the largest number of diabetics in the world. China is the largest buyer of low-calorie sweeteners in the Asia-Pacific region and worldwide; this growing use opens up opportunities for low-calorie sweeteners to be positioned as functional products in addressing obesity and cardiovascular disease.

• India

India's animal feed market size was valued at USD 38.44 billion in 2021 and is expected to reach USD 51.8 billion by 2029, at a CAGR of 3.8% from 2023 to 2030.

In India, animal feeds are primarily driven by the dairy industry, bolstered by the White Revolution 2.0, which has led to a rapid rise in cattle numbers. The cattle population is high, making the Indian animal feed market one of the major markets worldwide. The dairy industry structure is becoming more organized, which will lead to an increase in the demand for commercial cattle feed.

Key Industry Players Analysis:  

To increase their market position in the global animal feed market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Nutreco N.V
• Evonik Industries
• Hansen
• Cargill
• Elanco Animal Health
• Novozymes
• Adisseo France S.A.S.
• Prinova Group LLC
• Novus International Inc.
• Archer Daniel Midland (ADM)

Latest Development:

• In March 2020, With the goal of expanding its fish feed product portfolio across North America, Alltech partnered with aqua feed nutrition company Corey Nutrition.
• In July 2020, an innovative quality control lab will be built at Kemin Industries' headquarters in Des Moines, Iowa, to enhance its innovation and research capabilities.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	3.6%
Market Size	499.4 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Form, By Livestock, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Nutreco N.V, Evonik Industries, Chr. Hansen, Cargill, Elanco Animal Health, Novozymes, Adisseo France S.A.S., Prinova Group LLC, Novus International Inc., and Archer Daniel Midland (ADM).
By Form	Crumbles Pellets Mash Others
By Livestock	Aquaculture Poultry Ruminants Swine Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Animal Feed Market by Form:

• Crumbles
• Pellets
• Mash
• Others

Global Animal Feed Market by Livestock:

• Aquaculture
• Poultry
• Ruminants
• Swine
• Others

Global Animal Feed Market by Type:

• Probiotics
• Acidifiers
• Antioxidants
• Enzyme
• Vitamins
• Amino Acids
• Minerals
• Others

Global Animal Feed Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Political stability is necessary for business organisations because it influences investor and customer trust, which has a big impact on the economy. Political turmoil at a high degree has a negative impact on consumer spending, business investment, and economic growth. Political instability is currently present in the area where the animal feed market is heavily active due to internal and external conflicts. If management is unable to comprehend and control the current political instability, the company may not be able to achieve its growth objectives, and they might be reluctant to spend more money.

Economic Factors- The abilities and skills of the workforce have a big impact on how well the animal feed market performs. The animal feed market need talented employees to be readily available when needed if it is to remain competitive. The animal feed market should look at trends in labour demand and supply to see how employees with the right skill set could be hired successfully. Strong worker unions and a restrictive labour market can cause a number of problems for the animal feed market. For example, it might compel a animal feed market to approve an unfair pay raise or it might halt production by calling for a strike. As a result, it's critical to evaluate the dynamics of the labour market, anticipate significant changes, and adjust talent management strategies as needed.

Social Factors- Economic problems and consumption trends are closely intertwined. When customers have more discretionary income and are prepared to spend more on goods and services to improve their lifestyles, the animal feed market enjoys exciting growth potential. This is due to the ease with which new goods and services may be introduced to these clients, as well as the increased likelihood of revenue growth. In order to adjust its marketing mix strategies, the animal feed market must closely evaluate the consumption/spending patterns and tastes of today's consumers, who are becoming pickier. The animal feed market must also understand whether hedonistic or utilitarian motivations are driving consumer behaviour.

Technological Factors-The market and industry as a whole may be affected by the speed and advancement of technological innovation. By studying the upcoming technological innovation trends, the animal feed market will be able to comprehend the rate of new product creation, the length of the product life cycle, and the distinctive features that consumers prefer. By analysing consumer attitudes about cutting-edge, new digital technologies, the animal feed market can assess whether transitioning to e-commerce will be more advantageous than opening a physical site. If competitors use automation technology to reduce costs, the animal feed market may be driven to convert from manual to automated methods, especially if the general populace is technologically literate.

Environmental Factors- Due to stringent environmental legislation in many different nations, businesses are under pressure to reduce environmental impact. In order to avoid harsh, reputation-damaging criticism from relevant stakeholders, the animal feed market should adopt ethical production practises, encourage ethical consumption among its target market, work to improve its brand's sustainability reputation, and make sure that all local and international environmental laws are complied with. Because it can considerably effect operating expenses, employee productivity, and efficiency, the weather must also be taken into account.

Legal Factors- Employment law refers to a large area of laws that defend workers' rights, including those to a fair wage, equality, equity, inclusion, fairness, and their bodily and emotional safety. In some countries, employment laws are not effectively enforced, while in others, breaching any of the outlined employee rights is punishable by heavy fines. While entering or operating in such countries, the animal feed market should ensure the security of the working environment. Both direct and indirect discrimination must be prevented, thus the right processes must be in place. Effective adherence to employment laws can help animal feed markets strengthen their employer brand reputation, which is essential for drawing and retaining top talent in the market.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Form
     • 3.2. Market Attractiveness Analysis By Livestock
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Rising awareness about animals’ health
   • 3. Restraints
     • 3.1. High cost of raw material
   • 4. Opportunities
     • 4.1. Rising awareness about the food safety of animals
   • 5. Challenges
     • 5.1. Lack of awareness

6. Global Animal Feed Market Analysis and Projection, By Form
   • 1. Segment Overview
   • 2. Crumbles
   • 3. Pellets
   • 4. Mash
   • 5. Others
7. Global Animal Feed Market Analysis and Projection, By Livestock
   • 1. Segment Overview
   • 2. Aquaculture
   • 3. Poultry
   • 4. Ruminants
   • 5. Swine
   • 6. Others
8. Global Animal Feed Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Animal Feed Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Animal Feed Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Nutreco N.V
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Evonik Industries
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Hansen
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Cargill
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Elanco Animal Health
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Novozymes
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Adisseo France S.A.S.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Prinova Group LLC
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Novus International Inc.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Archer Daniel Midland (ADM)
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Animal Feed Market, By Form, 2023–2030 (USD Billion)
2. Global Crumbles, Animal Feed Market, By Region, 2023–2030 (USD Billion)
3. Global Pellets, Animal Feed Market, By Region, 2023–2030 (USD Billion)
4. Global Mash, Animal Feed Market, By Region, 2023–2030 (USD Billion)
5. Global Others, Animal Feed Market, By Region, 2023–2030 (USD Billion)
6. Global Animal Feed Market, By Livestock 2023–2030 (USD Billion)
7. Global Aquaculture, Animal Feed Market, By Region, 2023–2030 (USD Billion)
8. Global Poultry, Animal Feed Market, By Region, 2023–2030 (USD Billion)
9. Global Ruminants, Animal Feed Market, By Region, 2023–2030 (USD Billion)
10. Global Swine, Animal Feed Market, By Region, 2023–2030 (USD Billion)
11. Global Others, Animal Feed Market, By Region, 2023–2030 (USD Billion)
12. Global Animal Feed Market, By Region, 2023–2030 (USD Billion)
13. North America Animal Feed Market, By Form, 2023–2030 (USD Billion)
14. North America Animal Feed Market, By Livestock 2023–2030 (USD Billion)
15. USA Animal Feed Market, By Form, 2023–2030 (USD Billion)
16. USA Animal Feed Market, By Livestock 2023–2030 (USD Billion)
17. Canada Animal Feed Market, By Form, 2023–2030 (USD Billion)
18. Canada Animal Feed Market, By Livestock 2023–2030 (USD Billion)
19. Mexico Animal Feed Market, By Form, 2023–2030 (USD Billion)
20. Mexico Animal Feed Market, By Livestock 2023–2030 (USD Billion)
21. Europe Animal Feed Market, By Form, 2023–2030 (USD Billion)
22. Europe Animal Feed Market, By Livestock 2023–2030 (USD Billion)
23. Germany Animal Feed Market, By Form, 2023–2030 (USD Billion)
24. Germany Animal Feed Market, By Livestock 2023–2030 (USD Billion)
25. France Animal Feed Market, By Form, 2023–2030 (USD Billion)
26. France Animal Feed Market, By Livestock 2023–2030 (USD Billion)
27. UK Animal Feed Market, By Form, 2023–2030 (USD Billion)
28. UK Animal Feed Market, By Livestock 2023–2030 (USD Billion)
29. Italy Animal Feed Market, By Form, 2023–2030 (USD Billion)
30. Italy Animal Feed Market, By Livestock 2023–2030 (USD Billion)
31. Spain Animal Feed Market, By Form, 2023–2030 (USD Billion)
32. Spain Animal Feed Market, By Livestock 2023–2030 (USD Billion)
33. Asia Pacific Animal Feed Market, By Form, 2023–2030 (USD Billion)
34. Asia Pacific Animal Feed Market, By Livestock 2023–2030 (USD Billion)
35. Japan Animal Feed Market, By Form, 2023–2030 (USD Billion)
36. Japan Animal Feed Market, By Livestock 2023–2030 (USD Billion)
37. China Animal Feed Market, By Form, 2023–2030 (USD Billion)
38. China Animal Feed Market, By Livestock 2023–2030 (USD Billion)
39. India Animal Feed Market, By Form, 2023–2030 (USD Billion)
40. India Animal Feed Market, By Livestock 2023–2030 (USD Billion)
41. South America Animal Feed Market, By Form, 2023–2030 (USD Billion)
42. South America Animal Feed Market, By Livestock 2023–2030 (USD Billion)
43. Brazil Animal Feed Market, By Form, 2023–2030 (USD Billion)
44. Brazil Animal Feed Market, By Livestock 2023–2030 (USD Billion)
45. Middle East and Africa Animal Feed Market, By Form, 2023–2030 (USD Billion)
46. Middle East and Africa Animal Feed Market, By Livestock 2023–2030 (USD Billion)
47. UAE Animal Feed Market, By Form, 2023–2030 (USD Billion)
48. UAE Animal Feed Market, By Livestock 2023–2030 (USD Billion)
49. South Africa Animal Feed Market, By Form, 2023–2030 (USD Billion)
50. South Africa Animal Feed Market, By Livestock 2023–2030 (USD Billion)

List of Figures 

1. Global Animal Feed Market Segmentation
2. Animal Feed Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Animal Feed Market Attractiveness Analysis By Form
9. Global Animal Feed Market Attractiveness Analysis By Livestock
10. Global Animal Feed Market Attractiveness Analysis By Region
11. Global Animal Feed Market: Dynamics
12. Global Animal Feed Market Share By Form (2023 & 2030)
13. Global Animal Feed Market Share By Livestock (2023 & 2030)
14. Global Animal Feed Market Share by Regions (2023 & 2030)
15. Global Animal Feed Market Share by Company (2021)