Animal Feed Market - By Type of Feed , By Ingredients , By Additives , By Form , and By End User , By Geography - Opportunity Analysis & Industry Forecast, 2025-2031.

Animal Feed Market Overview

Animal Feed market size is forecast to reach US$43 billion by 2031, after growing at a CAGR of 5.1% during 2025-2031. The growing demand for nutritious and safe animal food is set to drive the Animal Feed Market. The soaring awareness about animal health among producers is set to propel the growth of the market. In addition, the rising global demand for animal protein, growth in livestock and poultry production, advances in feed technology, expansion of aquaculture and the rising adoption of compound feed are expected to further drive the market during the forecast period.
Focus on precision nutrition is a trend in the market. Precision feeding strategies are gaining momentum, enabling farmers to tailor nutrient levels to the specific needs of different animal species, improving productivity and reducing environmental impact. For example, DSM's Veramaris algae-based feed is designed to optimize Omega-3 levels in aquaculture, ensuring better fish health while reducing dependency on wild fish stocks. Digitalization in Feed Management is another trend. The integration of IoT, AI and cloud-based solutions in animal feed management is transforming the industry. Digital platforms allow real-time monitoring of feed quality, consumption patterns, and animal health. Companies like Cargill are leveraging AI-driven tools like Cargill Feeding Intelligence to provide farmers with insights into feed efficiency and animal performance.

Market Snapshot: 

Animal Feed Market - Report Coverage:

The “Animal Feed Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Animal Feed Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

• The COVID-19 pandemic disrupted the animal feed market significantly, with initial lockdowns causing logistical challenges in transporting raw materials and finished products. Supply chain disruptions, reduced workforce availability, and fluctuating feed demand from sectors like livestock and aquaculture were common. Additionally, rising costs of feed ingredients like corn and soybeans further strained the market. 
• The Ukraine crisis had a profound impact on global feed markets, primarily due to disruptions in grain supplies, as Ukraine is a major exporter of corn and wheat. This led to soaring prices for feed ingredients, putting pressure on producers globally. The crisis also triggered energy price hikes, further increasing the cost of feed production. The International Grains Council reported that wheat exports from Ukraine fell by over 30% in 2022-2023, exacerbating feed shortages in regions dependent on imports. To mitigate these effects, feed manufacturers increasingly turned to alternative ingredients like distillers' grains and by-products. 

Key Takeaways

Poultry Feed is the Leading Segment

The Poultry Feed segment leads the Animal Feed Market, driven by the growing global demand for poultry meat and eggs as affordable and high-quality protein sources. The expansion of commercial poultry farming, particularly in regions like Asia-Pacific, North America, and Europe, has significantly contributed to this growth. Formulated feeds designed to meet specific nutritional needs at different life stages, including starter, grower, and finisher diets, further boost demand. The production of chicken meat in Brazil is anticipated to reach between 15 and 15.1 million tons in 2024, reflecting a slight increase of 1.8% compared to 2023 production of 14.833 million tons, according to the Brazilian Association of Animal Protein (ABPA). Projections for 2025 suggest that production could range from 15.25 to 15.35 million tons, marking an increase of up to 2.3% compared to the expected output for 2024. The United Arab Emirates, Saudi Arabia, and Iraq increased their imports of Brazilian chicken meat and ended the year among the top ten international customers of the product. 

Livestock Farmers are the Largest Segment

The largest segment in the animal feed market is livestock farmers driven by the need for livestock feed owing to the high demand for beef and dairy products globally. According to data from the Australian Bureau of Statistics, in Australia there were an estimated 27.8 million beef cattle on holding at 30 June 2023, representing an increase of 4.6% from 2022. Queensland was the largest contributing state to the Australian cattle population where cattle numbers increased by 4.2% to 13.2 million head. The beef cattle numbers also increased in New South Wales by 6.2% to 5.9 million and Victoria by 5% to 2.9 million. The growing number of livestock increases the demand for livestock feed which in turn drives the animal feed market.

APAC Dominates the market

Asia-Pacific is the leading region in the animal feed market, both in terms of production and consumption. The region's dominance is driven by countries like China, India and Indonesia, which have large livestock and poultry populations, rapidly growing aquaculture industries and increasing consumer demand for meat, eggs and dairy products. Additionally, the availability of raw materials like grains and soybean for feed production and advancements in feed technology further solidify its leadership position.This region accounts for over 30% of global imports of primary agricultural commodities, including feed ingredients like soybeans and maize. In countries such as China, India, and Indonesia, the shift from traditional farming to commercialized and intensive livestock production has led to significant growth in feed demand. For instance, the OECD-FAO Agricultural Outlook highlights that feed use in the region is projected to increase by 20% by 2030, supported by the intensification of livestock and aquaculture farming practices.

Rising Global Demand for Animal Protein to Drive the Market

The growing demand for animal-based products like meat, milk, and eggs is a significant driver for the animal feed market. This is largely due to population growth, urbanization, and higher disposable incomes in developing regions, particularly Asia-Pacific. For instance, China and India are seeing rising meat consumption, leading to greater demand for efficient livestock and poultry feed. According to the OECD-FAO Agricultural Outlook 2024-2033, in middle-income countries, average daily per capita calorie intake will increase by 7% by 2033, driven by greater consumption of staples, livestock products and fats. In low-income countries average calorie intake is expected to grow by only 4%, indicating that the global community will fail to achieve the Sustainable Development Goal (SDG) 2 target of eliminating hunger by 2030.

Fluctuating Raw Material PricesTo Hamper the Market

A key challenge for the animal feed industry is the volatility in the prices of raw materials such as corn, soybean, and other grains. These fluctuations are caused by factors like adverse weather conditions, trade policy changes, and global supply chain disruptions. For example, the global shortage of grains due to the war in Ukraine has led to significant price hikes, directly impacting feed costs worldwide. Reports from the FAO highlight that feed ingredient prices rose by up to 30% in 2022 alone, affecting both producers and consumers. Crops, livestock and fisheries all contribute significantly to the global economy and the well-being of populations, but their production and supply are highly climate-sensitive. When external factors and disturbances such as climate change affect the food system's components, including food supply, access, and consumption, food security is threatened. Climate change is unquestionably one of the greatest challenges worldwide, influencing the environment, society, and commercial operations. 

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Key Market Players

Global Animal Feed top 10 companies include:

1. CP Group
2. New Hope Liuhe Co., Ltd.
3. Cargill
4. Nutreco
5. Wens Food Group
6. ADM
7. Alltech
8. De Heus a.s.
9. BioMar Group A/S e
10. Purina (Nestlé) 

Scope of the Report:

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