Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder & Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), By Raw Material (Soy, Corn, Rendered Meal, Others), And By Geography - Forecasts From 2025 To 2030

Animal Feed Market Size:

The animal feed market is expected to grow at a CAGR of 3.18%, reaching a market size of USD 559.557 billion in 2030 from USD 478.881 billion in 2025.

Animal Feed Market Key Highlights

• Steady Market Growth: Animal feed market is projected to grow at a CAGR of 3.18%.
• Rising Meat Demand: Increasing global meat consumption, especially in developing countries, is significantly driving animal feed demand.
• Soy Dominance: Soy-based feed remains dominant due to its high protein content, with 85% of soy used in feed production.
• Regional Momentum: North America and Asia-Pacific lead growth due to advanced livestock industries, rising exports, and government support initiatives.

Animal Feed Market Trends:

Animal feed refers to food provided to domesticated animals, particularly livestock used in agriculture. It is broadly categorized into two types: fodder and forage. Fodder includes processed feeds like straw and pellets, specifically prepared for animal consumption. Forage consists of edible plant parts such as herbage, browse, and mast that can be grazed directly or harvested for feeding purposes. These can be harvested for feeding and provided as feed for the grazing animals.

The animal feed market witnessed significant growth in the recent few years, driven by market players' collaboration for technological innovation and expansion of production sites to encompass the increased demand and promote sustainability. For instance, in August 2024, Allozymes, which is a prominent enzyme discovery and engineering company, announced a partnership with Adisseo, a leading animal nutrition company, to design bioprocesses for advanced animal feed production utilizing quick microfluidics technology. This partnership is a major development step in the animal feed industry globally towards enhanced sustainability.

Globally, the demand for animal feed continues to rise, with several countries expanding their production and exports to capture a larger market share.

India, for example, is experiencing strong momentum in animal feed exports. According to the Agricultural & Processed Food Products Export Development Authority (APEDA), India exported approximately 796,462.12 metric tons (MT) of prepared animal feed in the 2022–2023 period, generating revenues of around USD 445.60 million. Exported products included compounded animal feed, cereal residues, maize barns, and other plant-based feed sources. Key export destinations were concentrated in the Asia-Pacific region, with countries such as Bangladesh, Nepal, Vietnam, and Hong Kong, as well as France, being significant importers.

In North America, the United States is asserting its position as a leading player in the global animal feed market. Data from the American Feed Industry Association (AFIA) indicates that in 2023, U.S. animal food exports reached USD 13.4 billion, representing 19.8 million MT of total volume—more than double the USD 7.5 billion and 9 million MT recorded in 2022. The USA’s major animal feed export destinations include Canada, China, Mexico, and Japan, reflecting strong demand from both neighboring and international markets.

Animal Feed Market Growth Drivers:

• Increasing Meat Consumption: Rising meat consumption has increased the demand for healthy livestock, which in turn contributes to the animal feed market expansion. The animal feed industry is expected to grow in the coming years due to the increase in meat consumption worldwide. According to OECD-FAO Agricultural Outlook 2021-2030, global meat production per capita is projected to increase by 0.3% per annum to 35.4 kg by 2030.

The global trade of meat products also saw a significant increase. According to the data from the U.S. Meat Export Federation (USMEF) report of June 2025, the beef export in April in the leading beef market that is South Korea, was 23,469 mt, which is an increase of 18 percent from the previous year. Moreover, Colombia's beef export increased by 128 percent from the past year, with a volume accounted at 447 mt in April 2025.

Moreover, the bulk of meat production growth is predicted to increase, reaching 59.96 million metric tons (MMT) in 2023/2024 and is predicted to grow to 61.66 MMT by 2024/2025, which is a 3 percent increase year on year, as per USDA data. Further, it is highest in the United States with 12.3 MMT in MY 2024, followed by Brazil at 11.8 MMT in the same year. This trend, coupled with the increasing meat consumption, particularly beef and veal, is predicted to promote the requirement for animal feed products that provide high protein and other essential amino acid content essential for animal diets.

Further, global pig meat consumption is projected to grow to 127 Mt over the next ten years and will account for 28% of the overall increase in meat consumption as per the OECD Agricultural Outlook for 2020 to 2029. This rise will result in an increase in meat consumption, followed by a growth in population is projected to fuel the animal feed market.

The demand for the animal feed market is growing significantly as animal product plays an important role in the nation's global trade. For instance, India produces milk, meat, and eggs, which are exported globally, increasing the country's global export share. In 2022, the nation's animal product exports accounted for about USD 4.062 billion, of which buffalo meat accounted for the major share of about USD 3.194 billion, followed by sheep/goat meat at USD 0.066 billion.

• Research & Development and Government Initiatives: An increase in research and development activities, followed by a rise in government initiatives, is also expected to drive animal feed market growth. Governments may invest in research for alternative feed sources and their alternatives, reducing environmental impact while promoting animal welfare through improved living conditions. This could increase the demand for high-quality, nutritious feed. Additionally, subsidies could be offered to support domestic animal feed production, reducing import reliance and potentially lowering farmers' costs.

For instance, in August 2024, feed and fodder processing activities are open to startups and private enterprises under the National Livestock Mission Scheme. The applicant receives a 50% capital subsidy up to Rs. 50.00 lakh to build feed and fodder infrastructure, supporting sustained.

Further, the growth of livestock production has subsequently assisted the rise in the demand for highly nutritious animal feed items, which is anticipated to upgrade the animal feed demand. The production of industrial compound feed in the EU27 is predicted to drop by 0.3% from 2023 to 2024 to 147 million tons, according to statistics gathered by FEFAC. The sole industry with growth potential in 2024 is poultry feed production, which is expected to rise by 1.6%.

Animal Feed Market Segment Analysis:

• By Raw Material, soy is anticipated to hold a substantial animal feed market share. 

Soy is the prime source of protein for both animals and humans. Surging demand for soy-based meals in the animal feed industry, owing to their high protein content, is driving the segment growth during the forecast period. A soy meal contains 44% crude protein, which is crucial and the most common protein source for pigs, poultry, and dairy cattle globally. 85% of soy cultivation is consumed by the animal feed industry to produce protein-rich feed, according to the International Institute for Sustainable Development.

As per the data published by the USDA report of April 2024, the MY 2024/25 oil meal domestic consumption in India was projected to be 18.7 MMT. This is owing to the demand in the animal feed industry and increasing health awareness regarding the consumption of protein. The estimate contains 7 MMT of soymeal, 5 MMT of rapeseed meal, 1 MMT of peanut meal, 4 MMT of cottonseed, and nearly 1 MMT of copra and sunflower meal, which include major uses in animal feed in India. The consumption is projected at 16 MMT, which is approximately two percent more than the current MY, concerning soybean meal equivalent (SME).

Moreover, the US Soybean Export Council (USSEC), in collaboration with Right To Protein, announced the debut of Nepal's first feed label - 'Soy Fed' - for animal protein product makers in July 2022 as part of a two-day program. The feed label, according to USSEC, will raise awareness about protein-rich supplies and emphasize their importance in quality protein intake for animals.

Besides that, there have been various product launches and innovations worldwide, further fueling the market. For instance, UFAC-UK introduced a groundbreaking new partial soybean meal alternative for dairy diets that increases yields, solids, and feed conversion efficiency (FCE) while decreasing dependency on imported soya by at least one-third in December 2023.

Further, Benson Hill, Inc., an agricultural technology firm that unlocks plants' innate genetic variety, stated that recent improvements in its soybean breeding program will double its seed inventory by 2025. The most recent field assessments of Benson Hill's third generation of Ultra High Protein Low Oligosaccharides, non-GMO soybean varieties, revealed 2% protein improvements over the previous generation and a yield differential of only 3 to 5 bushels per acre when compared to commercial GMO soybeans.

Besides that, there have been various product launches and innovations worldwide, further fueling the animal feed market. For instance, in April 2024, Continental Refining Company in Somerset, Kentucky, announced several key improvements to its operations, including a new strategic alliance, reaffirming its commitment to increasing and improving its soy product range and distribution channels. The facility's operations will be capable of processing 430 tonnes of soybeans daily into 335 tonnes of high-protein soybean meal, 68 tonnes of soybean oil, and 21 tonnes of loose hulls, all of which are essential elements for livestock and poultry feed.

• By Livestock, cattle are expected to hold a significant market share.

Based on livestock, the animal feed market is segmented into pork, aquatic animals, cattle, poultry, and others. Among these, the cattle segment is growing rapidly. The industrialization of cattle products, along with the expanding population, has had a positive impact on the cattle market globally. Besides, increasing consumer awareness about the safety and quality of dairy products, along with nutritional content, is driving the market growth. Demand for milk and meat products has been growing significantly around the world, resulting in a greater need for cattle feed. Furthermore, owing to increasing demand for meat consumption, cattle feed has witnessed a complementary growth, with feed containing vitamins, enzymes, amino acids, and antibiotics being used to boost the yield capacity of cattle.

Moreover, regarding derived products, rising dairy consumption is expected to drive market growth robustly. India has a huge consumer base for dairy products. According to the National Dairy Development Board, the demand in India for dairy products is projected to reach 266.5 million metric tons by 2030. 

As of December 1, 2023, the United Kingdom had 9.2 million cattle and calves, as stated by the Government of the United Kingdom. Additionally, the female beef and dairy breeding herds for the same year were 13,34,691 and 18,39,277, respectively. Thus, with the growing meat and animal-derived products in various regions, the animal feed market around the globe is anticipated to grow significantly.  

 Product launches in the cattle feed industry stimulate innovation and competitiveness by offering new formulas that cater to changing nutritional needs and production requirements. For instance, in January 2024, the Canadian government approved Bovaer®, a methane-reducing feed component for cattle that allows dairy and meat farmers to significantly reduce their carbon footprint.

Further, in June 2025, Evonik announced the plan to advance the global production setup for its MetAMINIO, which is utilized in livestock production to provide animals with efficient, sustainable, and healthy feed. The company focuses on completing the setup in the 3rd and 4th quarter of 2025 with technical measures including inclusion in its Singapore and Antwerp sites with an increased focus on energy efficiency, catalyst exchange, and sustainability. These developments and expansion drive market growth by broadening product portfolios, providing farmers with more alternatives for optimizing herd health and performance, and increasing competition, encouraging firms to distinguish their solutions based on quality, cost, and sustainability qualities.

 Animal Feed Market Geographical Outlook:

• North America is witnessing modest growth in the animal feed market during the forecast period.

The North American animal feed market is projected to maintain a leading share throughout the forecast period. Rising incidences of animal diseases and increasing awareness of animal nutrition are key factors driving market demand across the region.

The United States dominates the North American animal feed market, backed by strong trade ties under the North American Free Trade Agreement (NAFTA) with Canada and Mexico. These agreements have facilitated the export of feed and feed ingredients, supporting the growth of the U.S. feed manufacturing sector alongside the expanding livestock industry.

According to the American Feed Industry Association, the U.S. is home to over 5,800 animal food production facilities, producing more than 284 million tonnes of finished feed annually. Major ingredients used in U.S. feed manufacturing include corn (145 million tonnes), soybean meal (35 million tonnes), wheat products (8 million tonnes), and distillers' dried grains (DDGs) (32 million tonnes), among other essential components.

Furthermore, according to estimates from the USDA, the corn yield in the United States witnessed an upward trend and reached around 172 bushels per acre in the marketing year 2022, compared to 168 bushels per acre in 2019. Corn comprises a major raw material for the nation’s animal feed industry. This reflects favorable prospects for corn feed suppliers in the upcoming years, contributing to market growth.

The United States animal feed market is anticipated to grow with several innovative product launches and developments in the upcoming years. For instance, in 2023, International Flavor and Fragrance Inc. launched Axtra PRIME, a highly effective feed. The product delivers numerous benefits, such as improvement in nutrient digestion, in addition to maintenance of gut health. It aims to tackle all challenges faced in piglet production.

Additionally, in 2023, Hendrix Genetics announced its partnership with CSA Animal Nutrition to promote quality feed formulation within the Americas region for its turnkey business. Under this CSA, Hendrix Genetics with professional nutrition services amid rising challenges of rising feed costs.

Animal Feed Market Key Developments:

• In March 2025, Cargill announced the showcasing of its latest Micronutrition and Health Solutions portfolio for livestock at VIV Asia 2025. The product portfolio includes Biostrong feed, which is developed to enhance the digestive health and poultry growth, which improves the efficiency Feed Conversion Ratio.
• In November 2024. TrinamiX GmbH and Eurofins Agro Testing announce a strategic partnership at EuroTier 2024, the premier international trade show for professional livestock management and animal production. Farmers and advisors will be able to swiftly and effectively identify issues and adjust silage production and feed rations by enabling users to analyze forage samples directly on-farm using a handheld device. This will improve animal health, increase farm productivity, and lessen the impact on the environment.
• In June 2024, IFF announced that two of its innovative chicken feed products had received regulatory approval in the EU. Danisco Animal Nutrition & Health, IFF's Health & Biosciences business unit, produces the multi-enzyme mix Axtra® XAP and the enzyme-probiotic complex Syncra® AVI to address the demands of contemporary chicken production and provide quantifiable performance enhancements.
• In March 2024, EW Nutrition introduced Axxess XY, a thermostable xylanase, at VICTAM 2024. One product called Axxess XY breaks down the fibre found in feed items such as sunflower cakes, corn, and wheat. It can help feed producers save money, enhance the intestinal environment, and release nutrients from cell wall fractions.

List of Top Animal Feed Companies:

• Alltech
• Cargill Incorporated
• Nutreco N.V.
• Charoen Pokphand Foods PCL
• BRF S.A.

Animal Feed Market Scope:

Report Metric	Details
Animal Feed Market Size in 2025	US$478.881 billion
Animal Feed Market Size in 2030	US$559.557 billion
Growth Rate	CAGR of 3.18%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Livestock Raw Materials Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Animal Feed Market	Alltech Cargill, Incorporated Uno Feeds Nutreco N.V. BRF S.A.
Customization Scope	Free report customization with purchase

 

The animal feed market is segmented and analyzed as follows:

• By Type
  • Fodder & Forage
  • Compound Feed
• By Livestock
  • Pork
  • Aquatic animal
  • Cattle
  • Poultry
  • Others
• By Raw Materials
  • Soy
  • Corn
  • Rendered Meal
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Vietnam
    • Philippines
    • Malaysia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View 

5. ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder & Forage

5.3. Compound Feed

6. ANIMAL FEED MARKET BY LIVESTOCK

6.1. Introduction

6.2. Pork

6.3. Aquatic animal

6.4. Cattle

6.5. Poultry

6.6. Others

7. ANIMAL FEED MARKET BY RAW MATERIAL

7.1. Introduction

7.2. Soy

7.3. Corn

7.4. Rendered Meal

7.5. Others 

8. ANIMAL FEED MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Livestock

8.2.3. By Raw Material

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Livestock

8.3.3. By Raw Material

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Livestock

8.4.3. By Raw Material

8.4.4. By Country

8.4.4.1. UK

8.4.4.2. Germany 

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Italy

8.4.4.6. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Livestock

8.5.3. By Raw Material

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Israel

8.5.4.4. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Livestock

8.6.3. By Raw Material

8.6.4. By Country

8.6.4.1. Japan

8.6.4.2. China

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Indonesia

8.6.4.6. Thailand

8.6.4.7. Vietnam

8.6.4.8. Philippines

8.6.4.9. Malaysia

8.6.4.10. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Alltech

10.2. Cargill, Incorporated

10.3. Nutreco N.V.

10.4. Charoen Pokphand Foods PCL

10.5. BRF S.A.

10.6. Purina Animal Nutrition LLC

10.7. New Hope Group

10.8. ADM Animal Nutrition

10.9. Kent Nutrition Group 

10.10. Uno Feeds

10.11. De Heus Animal Nutrition

10.12. Havens

10.13. Deutsche Tiernahrung Cremer 

Alltech

Cargill Incorporated

Nutreco N.V.

Charoen Pokphand Foods PCL

BRF S.A.

Purina Animal Nutrition LLC

New Hope Group

ADM Animal Nutrition

Kent Nutrition Group 

Uno Feeds

De Heus Animal Nutrition

Havens

Deutsche Tiernahrung Cremer