Animal Feed Market Size, Share, Trends, Industry Analysis Report: By Type (Antibiotic, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Vitamin, and Others), Livestock, Form, Composition, and Region (North America, Europe, Asia Pacific, Latin Ame

The global animal feed market size is expected treach USD 1,246.43 billion by 2034, according ta new study by Polaris Market Research. The report “Animal Feed Market Size, Share, Trends, Industry Analysis Report: By Type (Antibiotics, Antioxidants, AminAcids, Feed Enzymes, Feed Acidifiers, Vitamins, and Others), Livestock, Form, Composition, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

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

The growing demand for animal-derived food products and a greater focus on animal health and nutrition in recent years are among the key factors driving the animal feed market growth. Advances in feed production technology and increasing consolidation in the market are other factors supporting the market expansion.

According tthe International Feed Industry Federation, the annual global feed production is estimated tbe more than one billion tons and generates an estimated annual turnover of over USD 400 billion annually. Further, the United Nations Food and Agriculture Organization (FAO) estimates that between 2010 and 2050, the production of animal proteins will grow by around 1.7% annually.

Changing lifestyles, growing awareness about health and nutrition, and rising disposable income have led tincreased demand for high-quality meat and meat-based products. This, in turn, has fueled the need for animal feed. The rising emphasis on new product launches and strategic developments is projected toffer various animal feed market opportunities in the coming years.

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

Animal Feed Market Report Highlights

Based on feed, the aminacids segment dominated the animal feed market with a revenue share of 33.6% in 2024. The segment is driven by several factors, including the increasing demand for meat and dairy products, the need timprove feed efficiency and reduce feed cost, and the growing focus on sustainability and environmental responsibility in animal agriculture.

In terms of livestock, the poultry segment held the largest revenue share of 39.0% in 2024. The growth of the poultry feed segment has been driven by the increasing demand for poultry meat and eggs, the shift toward more intensive farming methods, and the growing focus on animal welfare and sustainability.

Asia Pacific accounted for the largest revenue share of 39.9% in the global animal feed market in 2024. Increasing demand for meat and dairy products, growing population and urbanization, development of the animal husbandry sector, and rising interest in alternative feed ingredients are key factors driving the market development in the region.

The North America animal feed market is anticipated twitness significant growth during the forecast period. North America is witnessing a significant surge in meat consumption, and the implementation of stringent regulations is anticipated tbe a significant driver for the market in the region.

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

By Type Outlook (Revenue – USD Billion, 2020–2034)

Antibiotic

Antioxidants

AminAcids

Feed Enzymes

Feed Acidifiers

Vitamin

Others

By Livestock Outlook (Revenue – USD Billion, 2020–2034)

Cattle

Poultry

Swine

Aquaculture

Others

By Form Outlook (Revenue – USD Billion, 2020–2034)

Mash

Pellets

Crumbles

Others

By Composition Outlook (Revenue – USD Billion, 2020–2034)

Cereal-Based Feed

Soy-Based Feed

Fish-Based Feed

Oilseed-Based Feed

Other Animal-Based Feed

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of the Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America