Animal Feed Market Updates

Animal Feed Market size was valued at USD 570.5 Billion in 2023 and is poised to grow from USD 590.47 Billion in 2024 to USD 777.53 Billion by 2032, growing at a CAGR of 3.50% during the forecast period (2025-2032).

Animal feed manufacturers should focus on improving the nutrition in their products to offer more benefits for users. Developing animal feed with minimal synthetic ingredients will also be a key strategy for all animal feed companies. Targeting emerging economies with strong animal-based industries could help animal feed suppliers amplify their global market presence.  'BASF SE (Germany)  ', 'Cargill, Inc. (US)   ', 'Archer Daniels Midland Company (US)   ', 'DuPont de Nemours, Inc. (US)   ', 'Evonik Industries AG (Germany)  ', 'Nutreco N.V. (Netherlands)  ', 'DSM Nutritional Products AG (Switzerland)  ', 'Adisseo France SAS (France)  ', 'Land O Lakes Purina (US)  ', 'Kemin Industries, Inc. (US)  ', 'Ingevity Corporation (US)   ', 'Alltech, Inc. (US)  ', 'Biovet JSC (Russia)  ', 'BIOMIN GmbH (Austria)  ', 'Elanco Animal Health, Inc. (US)   ', 'Zoetis Inc. (US)   ', 'Balchem Corporation (US)   ', 'Phibro Animal Health Corporation (US)   ', 'Addcon Group GmbH (Germany)  ', 'Chr. Hansen Holding (Denmark)'

Demand for animal products has increased as a result of changing diets, rising incomes, and expanding populations. Animal-based proteins such as milk, eggs, and meat are continuously rising in demand around the world.  

Demand for Organic Feed: The organic trend has also reached animals and the demand for organic and non-GMO ingredients in animal feed is surging rapidly. Market players can target this trend to make their business relevant in the future and bolster revenue generation for the long term. 

The Asia Pacific accounts for the largest share of the global animal feed market. Growing meat consumption and presence of a large livestock population in this region allows it to hold a dominant stance. Growing awareness regarding animal feed consumption and evolving consumer preferences are also estimated to boost sales of animal feed in this region. Surging demand for meat, fish, eggs, and dairy products in countries such as India, Japan, and China is also expected to create new opportunities for animal feed providers in the future.