Animal Feed Market

By Species;

Poultry, Cattle, Swine, Aqua and Pet

By Additives;

Antibiotics, Vitamins, Antioxidants, Amino Acid, Feed Enzymes, Feed Acidifiers and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn516030126 Published Date: September, 2025 Updated Date: October, 2025

Animal Feed Market Overview

Animal Feed Market (USD Million)

Animal Feed Market was valued at USD 622,036.21 million in the year 2024. The size of this market is expected to increase to USD 840,851.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.


Animal Feed Market

*Market size in USD million

CAGR 4.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.4 %
Market Size (2024)USD 622,036.21 Million
Market Size (2031)USD 840,851.22 Million
Market ConcentrationHigh
Report Pages379
622,036.21
2024
840,851.22
2031

Major Players

  • Archer Daniels Midland Company
  • BASF SE
  • Land O Lakes Purina
  • Nutreco N.V. (Trouw nutrition)
  • Cargill Inc.
  • Kemin Industries, Inc.
  • ANOVA Group
  • ADM
  • Chr. Hansen Holding
  • Alltech, Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Animal Feed Market

Fragmented - Highly competitive market without dominant players


The Animal Feed Market plays a pivotal role in supporting livestock health and maximizing productivity. By providing balanced nutrition, it ensures consistent output across meat, dairy, and poultry sectors. Growing consumer preference for protein-rich diets, alongside modern farming practices, reinforces the importance of feed solutions.

Growth Momentum
The market is witnessing robust growth, with 65% of livestock diets comprising compound feed. This widespread adoption reflects a shift toward more efficient and nutrient-dense formulations designed to enhance livestock performance and production capacity. The industry continues to advance with innovative solutions meeting rising demand.

Technological Integration
With the adoption of precision nutrition, nearly 55% of manufacturers are leveraging advanced feed processing technologies. These innovations not only enhance cost-effectiveness but also reduce waste while boosting productivity. The integration of technology signals a transformative step in optimizing feed formulations.

Sustainability and Future Outlook
Sustainability is shaping the market’s future, as 30% of industry efforts are dedicated to eco-friendly practices. Alternative protein sources and environmentally conscious feed solutions are gaining momentum. These initiatives highlight the industry’s commitment to balancing growth with environmental responsibility.

Drivers, Restraints and Opportunity Analysis

Drivers

  • Increasing Demand for Animal Protein
  • Technological Advancements in Feed Production
  • Growing Awareness About Animal Health
  • Focus on Sustainability:-Focus on sustainability is a key driver shaping the global animal feed market. With growing concerns about environmental degradation and climate change, there is a strong push towards sustainable practices in agriculture, including animal feed production. Sustainable feed solutions aim to minimize the environmental impact of livestock production by reducing greenhouse gas emissions, preserving natural resources, and promoting biodiversity. Market players are increasingly investing in research and development to develop innovative feed ingredients and production techniques that are more sustainable.

    This includes the use of alternative protein sources, such as insect protein and single-cell protein, which require fewer resources and have a lower environmental footprint compared to traditional feed ingredients like soy and fishmeal. Additionally, there is a growing focus on reducing food waste and improving feed efficiency to ensure that resources are used more efficiently in animal production.

Restraints

  • Fluctuating Raw Material Prices
  • Regulatory Constraints
  • Disease Outbreaks
  • Competition From Plant-Based Proteins:-Competition from plant-based proteins is a significant restraint affecting the global animal feed market. The rising popularity of plant-based diets and the increasing availability of plant-based protein alternatives are leading to a shift in consumer preferences away from animal-based products. This trend is particularly prominent in developed markets where consumers are increasingly concerned about the environmental impact of meat production and animal welfare.

    As more consumers adopt plant-based diets, there is a potential decrease in the demand for animal-based products, which in turn affects the demand for animal feed. This can pose a challenge for animal feed manufacturers and livestock producers who rely on a steady demand for their products. To address this challenge, some companies are diversifying their product offerings to include plant-based feed options or investing in technologies to improve the sustainability of animal feed production.

Opportunities

  • Rising Demand for Aquafeed
  • Expansion in Emerging Markets
  • Focus on Feed Safety and Quality
  • Development of Alternative Protein Sources:-The development of alternative protein sources presents significant opportunities for the animal feed market. As the demand for protein continues to rise globally, there is a growing need for sustainable and efficient protein sources that can reduce the reliance on traditional feed ingredients such as soy and fishmeal. Alternative protein sources, such as insect protein, single-cell protein, and algae, offer viable alternatives that require fewer resources and have a lower environmental impact.

    Market players can capitalize on this trend by investing in research and development to commercialize these alternative protein sources for use in animal feed. By offering innovative and sustainable feed solutions, companies can differentiate themselves in the market and meet the growing demand for high-quality animal products produced using environmentally friendly practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Species
    2. Market Snapshot, By Additives
    3. Market Snapshot, By Region
  4. Animal Feed Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Animal Protein
        2. Technological Advancements in Feed Production
        3. Growing Awareness About Animal Health
        4. Focus on Sustainability
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Regulatory Constraints
        3. Disease Outbreaks
        4. Competition From Plant-Based Proteins
      3. Opportunities
        1. Rising Demand for Aquafeed
        2. Expansion in Emerging Markets
        3. Focus on Feed Safety and Quality
        4. Development of Alternative Protein Sources
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Animal Feed Market, By Species, 2021 - 2031 (USD Million)
      1. Poultry
      2. Cattle
      3. Swine
      4. Aqua
      5. Pet
    2. Animal Feed Market, By Additives, 2021 - 2031 (USD Million)
      1. Antibiotics
      2. Vitamins
      3. Antioxidants
      4. Amino Acid
      5. Feed Enzymes
      6. Feed Acidifiers
      7. Others
    3. Animal Feed Market, By Geography, 2021 - 2031 (USD Million)

      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cargill, Inc.
      2. Archer Daniels Midland Company
      3. Nutreco
      4. Alltech, Inc.
      5. DSM / DSM-Firmenich
      6. Evonik Industries
      7. Adisseo
      8. Kemin Industries, Inc.
      9. Land O’Lakes, Inc.
      10. BASF
      11. Novozymes
      12. Tata Chemicals Ltd.
      13. AB Vista
      14. Lallemand Animal Nutrition
      15. Biomin Holding
  7. Analyst Views
  8. Future Outlook of the Market