Global Animal Feed Market Size, Trends and Growth Opportunity, By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Amino Acids, Vitamins, Minerals, Others), By Species (Swine, Ruminants, Poultry, Aquaculture, Others), By Form (Pellets, Crumbles, Mash, Others), Source (Plant-based, Animal-based), By Region and Forecast till 2030.
Global Animal Feed Market
Global Animal Feed Market was valued at USD 501.92 billion in 2022 and is slated to reach at USD 783.2 billion by 2030 at a CAGR of 4.42% from 2023-2030.
The purpose of animal feed products is to improve animal health. Depending on the animal, various feed doses are given. The feed improves the animal's capacities by delivering more nutrients along with it, supporting quick weight development and growth, and nurturing immunity. For use by a range of species, including poultry, ruminants, pigs, and aquatic ones, animal feed is a category of food products that have been created and developed. It is made by combining a variety of high-nutrient ingredients, such as hay, silage, straw, sprouted grains, oils, and legumes.
Market Drivers
Increased demand for meat and products derived from animals, as well as an increase in commercial livestock production, are the main reasons fueling industry expansion. Growing consumer health consciousness has led to a rise in the demand for dairy and meat products as sources of different nutrients, which is positively affecting the market for animal feed. Additionally, a significant factor in the market's rise is the growing public consciousness of the advantages of using components derived from algae in animal feed. When it comes to supplying nutrients to animal feed throughout the early phases of bovine development, microalgae are important. Industrialising animal farming primarily increased demand for ingredients for animal feed that are high in protein and thus increased feed conversion rate. Industrially farmed livestock are mostly fed concentrates made of cereal and vegetable protein, particularly soybean meals, to help cattle gain weight and produce meat rich in protein. Animals raised for food rely heavily on minerals and proteins for healthy growth. Energy, minerals like calcium and phosphorus, and significant amino acids like lysine and methionine are all abundant in animal feed proteins.
Market Restraints
The expansion of this market, however, is anticipated to be severely hampered by shifting raw material prices. The hefty capital expenditures required for extraction will also hinder the market's expansion. Companies like Alltech and Charoen Pokphand (CP) are integrating backward to produce raw materials (feed grains) as well as animal feed end-products in an effort to lower raw material prices.
Recent Development
ADM opened an Aquaculture Innovation Lab in January 2022 at the Animal Nutrition Technology Centre (ANTC) in Decatur, Illinois. The laboratory broadens ADM's global research and development capabilities into a new field, building on already established aquaculture research facilities in Brazil, Mexico, and Vietnam. The new structure supports global initiatives to develop cutting-edge nutrition solutions.
It was announced in October by BASF and Cargill that the distribution agreements for feed enzymes between the parties would be increased for 2021. These companies also added new markets and research and development capabilities. They want to work together to design customer-focused enzyme products and solutions, then produce, advertise, and market them. It is intended to introduce farmers to feed innovations that improve animal growth and welfare, reduce nutrient waste, and promote feed effectiveness.
Market Segmentation
Global Animal Feed Market is segmented into Type, Species, Form and Source. By Type such as Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Amino Acids, Vitamins, Minerals, Others. By Species such as Swine, Starter, Finisher, Grower, Ruminants, Calves, Dairy Cattle, Beef Cattle, Others, Poultry, Broilers, Layers, Turkeys, Others, Aquaculture, Carps, Crustaceans, Mackeral, Milkfish, Mollusks, Salmon, Others. By Form such as Pellets, Crumbles, Mash, Others. By Source such as Plant-based, Cereals, Oilseed, Other Plant-based Sources, Animal-based, Meat, Fish Oil and Fish Meal, Other Animal-based Sources, Other Sources.
Regional Analysis
Global Animal Feed Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific held the biggest market share and exercised absolute dominance. This is related to the fact that there are several agricultural economies and a sizable population of cattle. Important businesses are expected to increase their selection of poultry feed given consumers' shifting meat consumption preferences. The North American region is predicted to have the highest CAGR due to rising consumer knowledge of the advantages of employing feed additives. Additionally, the quantity of raw materials, including dextrose and maize, is likely to drive the market throughout the projection period.
Key Players
This report includes a list of numerous Key Players, namely Adisseo (France), Ajinomoto Co., Inc. (Japan), ADM (U.S.), BASF SE (Germany), BIOMIN Holding GmbH (Austria), Cargill, Incorporated (U.S.), Chr. Hansen Holding A/S (Denmark), DuPont (U.S.), DSM (Netherlands), Elanco (U.S.).
Market Taxonomy
By Type
• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Amino Acids
• Vitamins
• Minerals
• Others
By Species
• Swine
• Starter
• Finisher
• Grower
• Ruminants
• Calves
• Dairy Cattle
• Beef Cattle
• Others
• Poultry
• Broilers
• Layers
• Turkeys
• Others
• Aquaculture
• Carps
• Crustaceans
• Mackeral
• Milkfish
• Mollusks
• Salmon
• Others
By Form
• Pellets
• Crumbles
• Mash
• Others
By Source
• Plant-based
• Cereals
• Oilseed
• Other Plant-based Sources
• Animal-based
• Meat
• Fish Oil and Fish Meal
• Other Animal-based Sources
• Other Sources
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Animal Feed Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Animal Feed Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Animal Feed Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Animal Feed Market Share Analysis, By Type
5.3 Global Animal Feed Market Size and Forecast, By Type
5.3.1 Acidifiers
5.3.2 Probiotics
5.3.3 Enzyme
5.3.4 Antioxidants
5.3.5 Antibiotics
5.3.6 Amino Acids
5.3.7 Vitamins
5.3.8 Minerals
5.3.9 Others
6 Global Animal Feed Market, By Species
6.1 Y-o-Y Growth Comparison, By Species
6.2 Global Animal Feed Market Share Analysis, By Species
6.3 Global Animal Feed Market Size and Forecast, By Species
6.3.1 Swine
6.3.2 Starter
6.3.3 Finisher
6.3.4 Grower
6.3.5 Ruminants
6.3.6 Calves
6.3.7 Dairy Cattle
6.3.8 Beef Cattle
6.3.9 Others
6.3.10 Poultry
6.3.11 Broilers
6.3.12 Layers
6.3.13 Turkeys
6.3.14 Others
6.3.15 Aquaculture
6.3.16 Carps
6.3.17 Crustaceans
6.3.18 Mackeral
6.3.19 Milkfish
6.3.20 Mollusks
6.3.21 Salmon
6.3.22 Others
7 Global Animal Feed Market, By Form
7.1 Y-o-Y Growth Comparison, By Form
7.2 Global Animal Feed Market Share Analysis, By Form
7.3 Global Animal Feed Market Size and Forecast, By Form
7.3.1 Pellets
7.3.2 Crumbles
7.3.3 Mash
7.3.4 Others
8 Global Animal Feed Market, By Source
8.1 Y-o-Y Growth Comparison, By Source
8.2 Global Animal Feed Market Share Analysis, By Source
8.3 Global Animal Feed Market Size and Forecast, By Source
8.3.1 Plant-based
8.3.2 Cereals
8.3.3 Oilseed
8.3.4 Other Plant-based Sources
8.3.5 Animal-based
8.3.6 Meat
8.3.7 Fish Oil and Fish Meal
8.3.8 Other Animal-based Sources
8.3.9 Other Sources
9 Global Animal Feed Market, By Region
9.1 Global Animal Feed Market Share Analysis, By Region
9.2 Global Animal Feed Market Share Analysis, By Region
9.3 Global Animal Feed Market Size and Forecast, By Region
10 North America Animal Feed Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Animal Feed Market Share Analysis, By Type
10.3 North America Animal Feed Market Share Analysis, By Species
10.4 North America Animal Feed Market Share Analysis, By Form
10.5 North America Animal Feed Market Share Analysis, By Source
10.6 North America Animal Feed Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Type
10.6.1.2 Market Size and Forecast, By Species
10.6.1.3 Market Size and Forecast, By Form
10.6.1.4 Market Size and Forecast, By Source
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Type
10.6.2.2 Market Size and Forecast, By Species
10.6.2.3 Market Size and Forecast, By Form
10.6.2.4 Market Size and Forecast, By Source
10.6.3 Mexico
10.6.2.1 Market Size and Forecast, By Type
10.6.2.2 Market Size and Forecast, By Species
10.6.2.3 Market Size and Forecast, By Form
10.6.2.4 Market Size and Forecast, By Source
11 Europe Animal Feed Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Animal Feed Market Share Analysis, By Type
11.3 Europe Animal Feed Market Share Analysis, By Species
11.4 Europe Animal Feed Market Share Analysis, By Form
11.5 Europe Animal Feed Market Share Analysis, By Source
11.6 Europe Animal Feed Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Type
11.6.1.2 Market Size and Forecast, By Species
11.6.1.3 Market Size and Forecast, By Form
11.6.1.4 Market Size and Forecast, By Source
11.6.2 France
11.6.1.1 Market Size and Forecast, By Type
11.6.1.2 Market Size and Forecast, By Species
11.6.1.3 Market Size and Forecast, By Form
11.6.1.4 Market Size and Forecast, By Source
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Type
11.6.3.2 Market Size and Forecast, By Species
11.6.3.3 Market Size and Forecast, By Form
11.6.3.4 Market Size and Forecast, By Source
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Type
11.6.4.2 Market Size and Forecast, By Species
11.6.4.3 Market Size and Forecast, By Form
11.6.4.4 Market Size and Forecast, By Source
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Type
11.6.5.2 Market Size and Forecast, By Species
11.6.5.3 Market Size and Forecast, By Form
11.6.5.4 Market Size and Forecast, By Source
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Type
11.6.6.2 Market Size and Forecast, By Species
11.6.6.3 Market Size and Forecast, By Form
11.6.6.4 Market Size and Forecast, By Source
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Type
11.6.7.2 Market Size and Forecast, By Species
11.6.7.3 Market Size and Forecast, By Form
11.6.7.4 Market Size and Forecast, By Source
12 Asia Pacific Animal Feed Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Animal Feed Market Share Analysis, By Type
12.3 Asia Pacific Animal Feed Market Share Analysis, By Species
12.4 Asia Pacific Animal Feed Market Share Analysis, By Form
12.5 Asia Pacific Animal Feed Market Share Analysis, By Source
12.6 Asia Pacific Animal Feed Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Type
12.6.1.2 Market Size and Forecast, By Species
12.6.1.3 Market Size and Forecast, By Form
12.6.1.4 Market Size and Forecast, By Source
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Type
12.6.2.2 Market Size and Forecast, By Species
12.6.2.3 Market Size and Forecast, By Form
12.6.2.4 Market Size and Forecast, By Source
12.6.3 India
12.6.3.1 Market Size and Forecast, By Type
12.6.3.2 Market Size and Forecast, By Species
12.6.3.3 Market Size and Forecast, By Form
12.6.3.4 Market Size and Forecast, By Source
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Type
12.6.4.2 Market Size and Forecast, By Species
12.6.4.3 Market Size and Forecast, By Form
12.6.4.4 Market Size and Forecast, By Source
12.6.5 Australia
12.6.4.1 Market Size and Forecast, By Type
12.6.4.2 Market Size and Forecast, By Species
12.6.4.3 Market Size and Forecast, By Form
12.6.4.4 Market Size and Forecast, By Source
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Type
12.6.6.2 Market Size and Forecast, By Species
12.6.6.3 Market Size and Forecast, By Form
12.6.6.4 Market Size and Forecast, By Source
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Type
12.6.7.2 Market Size and Forecast, By Species
12.6.7.3 Market Size and Forecast, By Form
12.6.7.4 Market Size and Forecast, By Source
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Type
12.6.8.2 Market Size and Forecast, By Species
12.6.8.3 Market Size and Forecast, By Form
12.6.8.4 Market Size and Forecast, By Source
12.6.9. Rest of Asia
12.6.9.1 Market Size and Forecast, By Type
12.6.9.2 Market Size and Forecast, By Species
12.6.9.3 Market Size and Forecast, By Form
12.6.9.4 Market Size and Forecast, By Source
13 Latin America Animal Feed Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Animal Feed Market Share Analysis, By Type
13.3 Latin America Animal Feed Market Share Analysis, By Species
13.4 Latin America Animal Feed Market Share Analysis, By Form
13.5 Latin America Animal Feed Market Share Analysis, By Source
13.6 Latin America Animal Feed Market Size and Forecast, Country
13.6.1. Brazil
13.6.1.1 Market Size and Forecast, By Type
13.6.1.2 Market Size and Forecast, By Species
13.6.1.3 Market Size and Forecast, By Form
13.6.1.4 Market Size and Forecast, By Source
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Type
13.6.2.2 Market Size and Forecast, By Species
13.6.2.3 Market Size and Forecast, By Form
13.6.2.4 Market Size and Forecast, By Source
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Type
13.6.3.2 Market Size and Forecast, By Species
13.6.3.3 Market Size and Forecast, By Form
13.6.3.4 Market Size and Forecast, By Source
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Type
13.6.4.2 Market Size and Forecast, By Species
13.6.4.3 Market Size and Forecast, By Form
13.6.4.4 Market Size and Forecast, By Source
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Type
13.6.5.2 Market Size and Forecast, By Species
13.6.5.3 Market Size and Forecast, By Form
13.6.5.4 Market Size and Forecast, By Source
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Type
13.6.6.2 Market Size and Forecast, By Species
13.6.6.3 Market Size and Forecast, By Form
13.6.6.4 Market Size and Forecast, By Source
13.6.7. Rest of Latin America
13.6.7.1 Market Size and Forecast, By Type
13.6.7.2 Market Size and Forecast, By Species
13.6.7.3 Market Size and Forecast, By Form
13.6.7.4 Market Size and Forecast, By Source
14 Middle East Animal Feed Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Animal Feed Market Share Analysis, By Type
14.3 Middle East Animal Feed Market Size and Forecast, By Species
14.4 Middle East Animal Feed Market Size and Forecast, By Form
14.5 Middle East Animal Feed Market Size and Forecast, By Source
14.6 Middle East Animal Feed Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.1.1 Market Size and Forecast, By Type
14.6.1.2 Market Size and Forecast, By Species
14.6.1.3 Market Size and Forecast, By Form
14.6.1.4 Market Size and Forecast, By Source
14.6.2. UAE
14.6.2.1 Market Size and Forecast, By Type
14.6.2.2 Market Size and Forecast, By Species
14.6.2.3 Market Size and Forecast, By Form
14.6.2.4 Market Size and Forecast, By Source
14.6.3. Egypt
14.6.3.1 Market Size and Forecast, By Type
14.6.3.2 Market Size and Forecast, By Species
14.6.3.3 Market Size and Forecast, By Form
14.6.3.4 Market Size and Forecast, By Source
14.6.4. Kuwait
14.6.4.1 Market Size and Forecast, By Type
14.6.4.2 Market Size and Forecast, By Species
14.6.4.3 Market Size and Forecast, By Form
14.6.4.4 Market Size and Forecast, By Source
14.6.5. South Africa
14.6.5.1 Market Size and Forecast, By Type
14.6.5.2 Market Size and Forecast, By Species
14.6.5.3 Market Size and Forecast, By Form
14.6.5.4 Market Size and Forecast, By Source
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Type
14.6.6.2 Market Size and Forecast, By Species
14.6.6.3 Market Size and Forecast, By Form
14.6.6.4 Market Size and Forecast, By Source
15 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
16 Company Profiles
16.1 Adisseo (France)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Ajinomoto Co., Inc. (Japan)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 ADM (U.S.)
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 BASF SE (Germany)
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 BIOMIN Holding GmbH (Austria)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Cargill, Incorporated (U.S.)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Chr. Hansen Holding A/S (Denmark)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 DuPont (U.S.)
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 DSM (Netherlands)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Elanco (U.S.)
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
