Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 627.56 Million | USD 983.95 Million | 4.60% | 2024 |
FrequentlyAsked Questions
Animal feed is a wide range of nutritionally balanced formulations designed to provide essential nutrients, promote growth, and maintain health across various livestock species, including poultry, swine, cattle, and aquatic animals.
The animal feed market is expected to be driven by increasing global meat consumption, industrialization of livestock production, technological advancements in feed formulation, growing focus on animal health and welfare, sustainability initiatives, and expanding protein demand from emerging economies.
According to our study, the global animal feed market was worth around USD 627.56 million in 2024 and is predicted to grow to around USD 983.95 million by 2034.
The CAGR value of the animal feed market is expected to be around 4.60% during 2025-2034.
The global animal feed market will register the highest growth in Asia Pacific during the forecast period.
Key players in the animal feed market include Cargill, Inc., Archer Daniels Midland Company, Charoen Pokphand Foods PCL, Nutreco N.V., Land O'Lakes, Inc., ForFarmers N.V., Alltech, Inc., De Heus Animal Nutrition, New Hope Group, Perdue Farms, Inc., Purina Animal Nutrition LLC (Land O'Lakes), J.D. Heiskell & Co., Kent Nutrition Group, Weston Milling Animal Nutrition, Sodrugestvo Group, Tyson Foods, Inc. (Subsidiary: Tyson Feed & Ingredients), Agrifirm Group, Wen's Food Group, Muyuan Foods Co., Ltd., and Nutreco N.V. (Subsidiary: Trouw Nutrition).
The report comprehensively analyzes the animal feed market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, sustainability initiatives, and the evolving livestock production systems shaping the feed industry ecosystem.
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