Animal Feed Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global animal feed market is expected to grow steadily and is expected to reach $ 448.4 billion by 2035. This represents a CAGR of 1.82% from 2025 to 2035. The expansion of the market can be attributed to several factors, including the increasing demand for livestock products, driven by the growing population and the changing dietary preferences for food rich in nutrients. The development of the animal feed industry and the growing emphasis on animal health and nutrition are also contributing to the growth of the market. The key players in the animal feed market, such as Cargill, Archer Daniels Midland, and Nutreco, are launching new products and expanding their distribution network. These efforts include launching new products to meet the changing needs of livestock producers. These companies are expected to play an important role in the future development of the animal feed market, as the industry is faced with challenges such as climate change and regulatory issues.

Regional Market Size

Regional Deep Dive

Animal feed is undergoing a period of dynamic growth in various regions, driven by a growing demand for livestock products, advancements in feed technology, and an increased emphasis on sustainable practices. In North America, the market is characterized by a strong focus on the formulation of high-quality feeds and innovations in feed additives. In Europe, the trend towards organic and non-GMO feeds is largely influenced by strict regulations and consumer preferences. The Asia-Pacific region is marked by rapid industrialization of livestock farming, resulting in rising feed consumption. In the Middle East and Africa, growth is being driven by rising meat consumption and increasing investment in agricultural infrastructure. In Latin America, the expansion of feed production is being driven by the development of the domestic and export markets.

Europe

• In Europe, the rise of the Green Deal and Farm to Fork strategy is driving a significant shift towards sustainable animal feed production, with companies like ForFarmers leading initiatives to reduce carbon footprints in feed manufacturing.
• The European Union's stringent regulations on feed additives and the push for organic certification are encouraging the development of innovative feed products that meet consumer demand for transparency and sustainability.

Asia Pacific

• The Asia-Pacific region is experiencing a surge in demand for aquaculture feed, with companies like Nutreco expanding their product lines to cater to the growing aquaculture sector, particularly in countries like China and India.
• Government initiatives in countries such as India, promoting the use of locally sourced ingredients in animal feed, are expected to enhance the sustainability of feed production and reduce dependency on imports.

Latin America

• Latin America is leveraging its agricultural strengths, with Brazil and Argentina being key players in the global animal feed market, focusing on the production of soy-based feed ingredients.
• The region is also seeing a trend towards integrating technology in feed production, with companies investing in digital platforms to enhance supply chain efficiency and traceability.

North America

• The North American Animal Feed Market is increasingly focusing on precision nutrition, with companies like Cargill and Archer Daniels Midland investing in research to develop tailored feed solutions that optimize animal health and productivity.
• Regulations like the Food and Drug Administration’s guidelines on the use of antibiotics in animal feed are pushing feed companies to find alternative ways to maintain animal health without relying on the use of conventional antibiotics.

Middle East And Africa

• In the Middle East and Africa, the increasing investment in livestock farming, supported by organizations like the African Development Bank, is driving demand for high-quality animal feed to support meat production.
• The region is also witnessing a rise in feed mills and production facilities, with local companies like Al Dahra and ADF Foods expanding their operations to meet the growing demand for animal protein.

Did You Know?

“Did you know that approximately 70% of the world's feed production is used for livestock, with poultry being the largest consumer of feed globally?” — FAO (Food and Agriculture Organization of the United Nations)

Segmental Market Size

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Future Outlook

The animal feed market is expected to grow steadily from 2024 to 2035, with a CAGR of 1.82% from $393.78 billion to $480.00 billion. The driving force for this growth is the rising global demand for meat, driven by population growth and rising per capita income, especially in emerging economies. In addition, as people pay more attention to health, there is a noticeable trend towards high-quality animal-derived food, which will lead to an increase in demand for high-quality animal feed. The market will also be influenced by technological developments and government policies. The use of alternative feedstuffs and gut-healthy additives are becoming increasingly popular. Also, regulations to improve animal welfare and the environment will influence the way feed is produced. The trend towards more sustainable production and the need to reduce greenhouse gas emissions from livestock will further increase the demand for sustainable feed. As these trends continue to develop, the market will see an increased penetration of specialized feeds, which will provide specific nutrition for livestock, thereby increasing productivity and enhancing the productivity and efficiency of the livestock industry.