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
- Swine
- Starter
- Finisher
- Grower
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Turkeys
- Others
- Aquaculture
- Carps
- Crustaceans
- Mackeral
- Milkfish
- Mollusks
- Salmon
- Others
- Pellets
- Crumbles
- Mash
- Others
- Plant-based
- Cereals
- Oilseed
- Other Plant-based Sources
- Animal-based
- Meat
- Fish Oil and Fish Meal
- Other Animal-based Sources
- Other Sources
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
- 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
- 12.6.5.1 Market Size and Forecast, By Type
- 12.6.5.2 Market Size and Forecast, By Species
- 12.6.5.3 Market Size and Forecast, By Form
- 12.6.5.4 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
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