Animal Feed Market Size Worth $678.45 Billion By 2032 | CAGR: 3.2%

The global animal feed market size is expected to reach USD 678.45 Billion by 2032, according to a new study by Polaris Market Research. The report “Animal Feed Market Share, Size, Trends, Industry Analysis Report, By Type (Antibiotic, Antioxidants, Amino acids, Feed enzymes, Feed Acidifiers, Vitamin, Others), By Livestock, By Form, By Composition, By Region, Segments & Forecast, 2019 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing demand for animal-derived food products and a greater focus on animal health and nutrition in recent years are responsible for the growth of the animal feed market. Advances in feed production technology and increasing consolidation in the industry are likely to be the growth factors in the forecast period.

Animal feed is a type of food given to animals to provide them with the nutrients they need for growth, health, and productivity. Animal feed can be made from various ingredients, including grains, protein meals, fats, and minerals. The composition of animal feed can vary depending on several factors, such as the age and breed of the animal, its intended use (such as for meat production or egg-laying), and the availability of different ingredients.

For instance, as per International Feed Industry Federation, the annual global feed production is estimated to be more than one billion tons and generates an estimated annual turnover of over 400 billion USD. Further, the United Nations Food and Agriculture Organization (FAO) has also estimated that between 2010 and 2050, the production of animal proteins is estimated to grow by around 1.7% annually.

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While the animal feed market is expected to continue its growth trajectory in the coming years, several limiting factors could impact its development. These include fluctuations in commodity prices, increasing competition from alternative protein sources, concerns about the environmental impact of animal agriculture, regulatory requirements, and health concerns.

Report Highlights

• The amino acids segment is projected to witness the quickest growth rate in the forecast period. The segment is driven by several factors, including the increasing demand for meat and dairy products, the need to improve feed efficiency and reduce feed cost, and the growing focus on sustainability and environmental responsibility in animal agriculture.
• The poultry livestock segment accounted for a major market share in the forecast period. The growth of the poultry feed market has been driven by the increasing demand for poultry meat and eggs, the shift towards more intensive farming methods, and the growing focus on animal welfare and sustainability.
• The Land segment will witness a significant CAGR in the forecast period. While land-based launch platforms currently account for a relatively small portion of the small launch vehicle market, their growth is expected to continue in the coming years as the demand for small satellite launches increases and more launch sites become available.
• The pellets form segment is expected to witness a significant CAGR in the forecast period. The growth of the pellets form segment in the animal feed market has been driven by the increasing demand for more efficient and convenient feed options and the benefits that pelleted feed offers for animal health and performance.
• Asia Pacific accounted for the largest market share in 2022 and is projected to dominate the market in the forecast period. The growth of the Asia Pacific animal feed market has been driven by the increasing demand for meat and dairy products, the growing population and urbanization, the development of the animal husbandry sector, and the interest in alternative feed ingredients.

Polaris Market Research has segmented the animal feed market report based on type, livestock, form, composition, and region:

Animal Feed Market, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Antibiotic
• Antioxidants
• Amino acids
• Feed enzymes
• Feed Acidifiers
• Vitamin
• Others

Animal Feed Market, Livestock Outlook (Revenue - USD Billion, 2019 - 2032)

• Cattle
• Poultry
• Swine
• Aquaculture
• Others

Animal Feed Market, Form Outlook (Revenue - USD Billion, 2019- 2032)

• Mash
• Pellets
• Crumbles
• Others

Animal Feed Market, Composition Type Outlook (Revenue - USD Billion, 2019- 2032)

• Cereal-Based Feed
• Soy-Based Feed
• Fish-Based Feed
• Oilseed-Based Feed
• Other Animal-Based Feed

Animal Feed Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa