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Global Animal Feed Market Size, Share & COVID-19 Impact Analysis, By Form (Pellets, Crumbles, Mash and Others), By Animal Type (Swine (Starter, Finisher, Grower, Ruminants, Calves, Dairy Cattle, Beef Cattle, Others), Poultry (Broilers, Layers, Turkeys, Others), Aquaculture (Carps, Crustaceans, Mackeral, Milkfish, Mollusks, Salmon, Others) and Others), By Ingredients (Cereals, Oilseed Meal, Molasses, Fish Oil and Fish Meal, Additives, Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and Others) and Regional Forecasts, 2023-2030

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The global animal feed market size was valued at USD 476.5 billion in 2021. The market is projected to grow from USD 476.5 billion in 2021 to USD 582.5 billion by 2028, exhibiting a CAGR of 3.40% during the forecast period.
 
The primary drivers of the market's expansion are the increased demand for meat and other animal products and the resulting rise in commercial livestock production. The demand for dairy and meat products as a source of different nutrients is rising due to consumers' rising health consciousness, favorably affecting the demand for animal feed. Another significant reason fueling the market's expansion is growing knowledge of the advantages algae-based compounds in animal feed have for human health. In order to boost animal feed with nutrients for the livestock's early developing stages, microalgae are essential. Additionally, it promotes physical growth while ensuring the production of eggs, milk, and meat of the highest caliber.
 
COVID-19 IMPACT

The global proliferation of COVID-19 is a dangerous condition. The epidemic has a significant impact on the world economy. This deadly virus significantly impacts the food and beverage agricultural industry. The closure of international ports and eateries all over the world has an impact on the animal feed sector as well. Market conditions for animal feed are greatly impacted by supply chain disruption. However, the global situation has improved as a result of the disease's recovery.
 
DRIVING FACTORS

Increased Consumer Demand for Meat and Dairy Products to Drive the Market

Demand for the production of cattle is being driven by urbanization. The Food and Agriculture Organization of the United Nations estimates that overall global meat output will rise by 5% to 339 Mt in 2021, with a little increase in pig meat production. In order to improve meat quality and output, there is an increasing need for high-quality feed that contains vitamins, minerals, enzymes, and probiotics. As a result, the demand for animal feed is being driven by the increasing usage of animal feed to boost meat quality and production. To sustain people's health globally, animal farming and consuming animal-based products improve nutritional absorption.
 
RESTRAINING FACTORS

Compliance with Strict Feed Regulations will Impede Market Expansion

Animal feed must be safeguarded by prominent regulatory agencies like the U.S. Food and Drug Administration (FDA) to guarantee its safety of it for the billions of animals in the area, including chickens, turkeys, cows, sheep, pigs, fish, cats, dogs, and horses. These organizations' strict feed requirements will probably restrain industry growth to some extent.
 
SEGMENTATION

By Form


Based on form, the animal feed market is segmented into crumbles, pellets, mash, and others. The crumbles category dominated the market in 2021. This segment has had a rapid expansion, mostly attributable to the growing use of broilers and small chickens in poultry for convenient consumption.
 
By Animal Type

By animal type, the market is segmented into swine (starter, finisher, grower, ruminants, calves, dairy cattle, beef cattle, others), poultry (broilers, layers, turkeys, others), aquaculture (carps, crustaceans, mackeral, milkfish, mollusks, salmon, others) and others. The poultry category dominated the market in 2021. The substantial market share of this sector is mostly attributable to increased demand for high-quality goods, rising consumption of poultry meat, and the relatively low cost of poultry.
 
By Ingredients

By ingredients, the market is segmented into cereals, oilseed meal, molasses, fish oil and fish meal, additives, antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others. The cereals category dominated the market in 2021. Due to their widespread availability and superior nutritional composition, feed grains are ingested in higher quantities than other foods. The three main sources of feed grains are corn, wheat, and rice in developed and developing nations. Oats, sorghum, millet, and barley are other feed grains that livestock eat.
 
REGIONAL INSIGHTS

 
Asia Pacific is projected to hold the largest animal feed market share over the forecast period. The expansion of the animal feed sector, the rising output of meat, milk, and eggs in the area, the high nutritional profiles of feed additives, and the rising consumption of animal protein are all credited with accounting for most of this regional market. Factors including rising consumer awareness among feed consumers and the industrialization of the livestock industry are driving the demand for animal feed in Asia-Pacific.
 
On the other hand, North America animal feed market is anticipated to grow significantly over the forecast period. The demand for meat, fish and dairy products is high due to the economy's rapid growth, and this has caused these goods' consumption to increase quickly. The local meat and dairy industries are expanding to keep up with the high growth rate in consumption, which causes feed consumption to rise very quickly. With a considerable demand for cattle and poultry, the United States has the largest feed market in North America. In 2017, American meat producers produced 42.2 billion chicken, 25.6 billion pork, and 26.3 billion pounds of beef, according to the North America Meat Institute (NAMI). The country's feed market is driven by high meat production, high demand, and high livestock production.
 
LIST OF KEY COMPANIES PROFILED:
  • Archer-Daniels-Midland Company
  • Cargill Incorporated
  • Charoen Pokphand Group,
  • Dupont De Nemours Inc.
  • Evonik Industries AG (RAG-Stiftung)
  • ForFarmers N.V.
  • Kemin Industries Inc.
  • Nutreco N.V (SHV Holdings)
  • Perdue Farms Inc.
  • Tyson Foods Inc.
 
KEY INDUSTRY DEVELOPMENTS:
  • January 2021: China has approved two genetically modified types of maize produced by Bayer AG and Syngenta AG. This was to satisfy the population's growing demand for animal feed.
  • July 2020: To improve its innovation and research capabilities, Kemin Industries unveiled architectural renderings of a new quality control lab that would be constructed at its Des Moines, Iowa, headquarters.
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Study Period 2016-2030
Base Year 2021
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2016-2020
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Form, By Animal Type, By Ingredients and By Geography
By Form
  • Pellets
  • Crumbles
  • Mash
  • Others
By Animal Type
  • Swine
    • Starter
    • Finisher
    • Grower
    • Ruminants
    • Calves
    • Dairy Cattle
    • Beef Cattle
    • Others
  • Poultry
    • Broilers
    • Layers
    • Turkeys
    • Others
  • Aquaculture
    • Carps
    • Crustaceans
    • Mackeral
    • Milkfish
    • Mollusks
    • Salmon
    • Others
  • Others
By Ingredients
  • Cereals
  • Oilseed Meal
  • Molasses
  • Fish Oil and Fish Meal
  • Additives
  • Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global Animal Feed Market
    2.3    Global Animal Feed Market, 2019 – 2030 (US$ Mn)

Chapter 3    COVID 19 Impact Analysis

    3.1    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1    North America: Impact of COVID-19 Pandemic
        3.1.2    Europe: Impact of COVID-19 Pandemic
        3.1.3    Asia pacific: Impact of COVID-19 Pandemic
        3.1.4    Latin America: Impact of COVID-19 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3    Quarterly Market Revenue by Region 2021 & 2023
    3.4    Pre COVID-19 Market Revenue, By Region, 2016-2019        (USD Million)
    3.5    Post COVID-19 Market Revenue, By Region, 2020-2030 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global Animal Feed Market, By Form Segment Analysis

    4.1    Animal Feed Market Overview, By Form Segment
        4.1.1    Global Animal Feed Market Revenue Share, By Form, 2023 & 2030 (Value, %)
    4.2    Pellets
        4.2.1    Animal Feed Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2030
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    Crumbles
        4.3.1    Animal Feed Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2030
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
    4.4    Mash
        4.4.1    Animal Feed Share Forecast, By Region (USD Million)
        4.4.2    Comparative Revenue Analysis, By Country, 2021 & 2030
        4.4.3    Key Market Trends, Growth Factors, & Opportunities
    4.5    Others
        4.5.1    Animal Feed Share Forecast, By Region (USD Million)
        4.5.2    Comparative Revenue Analysis, By Country, 2021 & 2030
        4.5.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 5    Global Animal Feed Market, By Animal Type Segment Analysis

    5.1    Animal Feed Market Overview, By Animal Type Segment
        5.1.1    Global Animal Feed Market Revenue Share, By Animal Type, 2023 & 2030 (Value, %)
    5.2    Swine
        5.2.1    Animal Feed Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    Poultry
        5.3.1    Animal Feed Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
    5.4    Aquaculture
        5.4.1    Animal Feed Share Forecast, By Region (USD Million)
        5.4.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.4.3    Key Market Trends, Growth Factors, & Opportunities
    5.5    Others
        5.5.1    Animal Feed Share Forecast, By Region (USD Million)
        5.5.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.5.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 6    Global Animal Feed Market, By Ingredients Segment Analysis

    6.1    Animal Feed Market Overview, By Ingredients Segment
        6.1.1    Global Animal Feed Market Value Share, By Ingredients, 2021 & 2030 (Value, %)
    6.2    Cereals
        6.2.1    Animal Feed Share Forecast, By Region (USD Million)
        6.2.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.2.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    Oilseed Meal
        6.3.1    Animal Feed Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
    6.4    Molasses
        6.4.1    Animal Feed Share Forecast, By Region (USD Million)
        6.4.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.4.3    Key Market Trends, Growth Factors, & Opportunities
    6.5    Fish Oil and Fish Meal
        6.5.1    Animal Feed Share Forecast, By Region (USD Million)
        6.5.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.5.3    Key Market Trends, Growth Factors, & Opportunities
    6.6    Additives
        6.6.1    Animal Feed Share Forecast, By Region (USD Million)
        6.6.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.6.3    Key Market Trends, Growth Factors, & Opportunities
    6.7    Antibiotics
        6.7.1    Animal Feed Share Forecast, By Region (USD Million)
        6.7.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.7.3    Key Market Trends, Growth Factors, & Opportunities
    6.8    Vitamins
        6.8.1    Animal Feed Share Forecast, By Region (USD Million)
        6.8.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.8.3    Key Market Trends, Growth Factors, & Opportunities
    6.9    Antioxidants
        6.9.1    Animal Feed Share Forecast, By Region (USD Million)
        6.9.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.9.3    Key Market Trends, Growth Factors, & Opportunities
    6.10 Amino Acids
        6.10.1    Animal Feed Share Forecast, By Region (USD Million)
        6.10.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.10.3    Key Market Trends, Growth Factors, & Opportunities
    6.11 Feed Enzymes
        6.11.1    Animal Feed Share Forecast, By Region (USD Million)
        6.11.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.11.3    Key Market Trends, Growth Factors, & Opportunities
    6.12 Feed Acidifiers
        6.12.1    Animal Feed Share Forecast, By Region (USD Million)
        6.12.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.12.3    Key Market Trends, Growth Factors, & Opportunities
    6.13 Others
        6.13.1    Animal Feed Share Forecast, By Region (USD Million)
        6.13.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.13.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 7    Animal Feed Market – Regional Analysis, 2023 – 2030

    7.1    Animal Feed market Overview, by Region Segment
        7.1.1    Global Animal Feed market Revenue Share, By Region, 2023 & 2030
        7.1.2    Global Animal Feed Market Revenue, By Region, 2017 – 2030 (US$ Mn)
        7.1.3    Global Animal Feed market Revenue, By Form, 2017 – 2030 (US$ Mn)
        7.1.4    Global Animal Feed market Revenue, By Animal Type, 2017 – 2030 (US$ Mn)
        7.1.5    Global Animal Feed Market Revenue, By Ingredients, 2017 – 2030 (US$ Mn)
    7.2    North America
        7.2.1    North America Animal Feed Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.2.2    North America Animal Feed Market Revenue, By Form, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.2.3    North America Animal Feed Market Revenue, By Animal Type, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.2.4    North America Animal Feed Market Revenue, By Ingredients, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.2.5    U.S. Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.2.6    Canada Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.2.7    Mexico Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.3    Europe
        7.3.1    Europe Animal Feed Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.3.2    Europe Animal Feed Market Revenue, By Form, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.3.3    Europe Animal Feed Market Revenue, By Animal Type, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.3.4    Europe Animal Feed Market Revenue, By Ingredients, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.3.5    Germany Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.6    France Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.7    U.K. Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.8    Italy Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.9    Spain Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.10    Rest of Europe Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.4    Asia Pacific
        7.4.1    Asia Pacific Animal Feed Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.4.2    Asia Pacific Animal Feed Market Revenue, By Form, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.4.3    Asia Pacific Animal Feed Market Revenue, By Animal Type, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.4.4    Asia Pacific Animal Feed Market Revenue, By Ingredients, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.4.5    China Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.6    Japan Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.7    India Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.8    South Korea Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.9    South-East Asia Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.10    Rest of Asia Pacific Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.5    Latin America
        7.5.1    Latin America Animal Feed Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.5.2    Latin America Animal Feed Market Revenue, By Form, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.5.3    Latin America Animal Feed Market Revenue, By Animal Type, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.5.4    Latin America Animal Feed Market Revenue, By Ingredients, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.5.5    Brazil Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.5.6    Argentina Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.5.7    Rest of Latin America Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.6    The Middle-East and Africa
        7.6.1    The Middle-East and Africa Animal Feed Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.6.2    The Middle-East and Africa Animal Feed Market Revenue, By Form, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.6.3    The Middle-East and Africa Animal Feed Market Revenue, By Animal Type, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.6.4    The Middle-East and Africa Animal Feed Market Revenue, By Ingredients, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.6.5    GCC Countries Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.6.6    South Africa Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.6.7    Rest of Middle-East Africa Animal Feed Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)

Chapter 8    Animal Feed Market – Industry Analysis

    8.1    Introduction
    8.2    Market Drivers
        8.2.1    Driving Factor 1 Analysis
        8.2.2    Driving Factor 2 Analysis
    8.3    Market Restraints
        8.3.1    Restraining Factor Analysis
    8.4    Market Opportunities
        8.4.1    Market Opportunity Analysis
    8.5    Porter’s Five Forces Analysis
    8.6    PEST Analysis
    8.7    Regulatory Landscape
    8.8    Technology Landscape
    8.9    Value Chain Analysis

Chapter 9    Competitive Landscape

    9.1    Company Market Share Analysis – 2023
        9.1.1    Global Animal Feed market: Company Market Share, 2023
        9.1.2    Global Animal Feed Market: Company Market Share, 2023
    9.2    Strategic Developments
        9.2.1    Acquisitions & Mergers
        9.2.2    New Product Launch
        9.2.3    Regional Expansion
    9.3    Company Strategic Developments – Heat Map Analysis

Chapter 10    Company Profiles

    10.1    Archer-Daniels-Midland Company
        10.1.1    Company Overview
        10.1.2    Key Executives
        10.1.3    Product Portfolio
        10.1.4    Financial Overview
        10.1.5    Operating Business Segments
        10.1.6    Business Segment Performance
        10.1.7    Recent Developments
    10.2    Cargill Incorporated
    10.3    Charoen Pokphand Group,
    10.4    Dupont De Nemours Inc.
    10.5    Evonik Industries AG (RAG-Stiftung)
    10.6    ForFarmers N.V.
    10.7    Kemin Industries Inc.
    10.8    Nutreco N.V (SHV Holdings)
    10.9    Perdue Farms Inc.
    10.10    Tyson Foods Inc.

Chapter 11    Research Methodology

    11.1    Research Methodology
    11.2    Phase I – Secondary Research
    11.3    Phase II - Data Modeling
        11.3.1    Company Share Analysis Model
        11.3.2    Revenue Based Modeling
    11.4    Phase III – Primary Research
    11.5    Research Limitations
        11.5.1    Assumptions
No Methodology
No Available