Animal Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fodder, Forage, Compound Feed), By Raw Material (Soya, Canola, Rendered Meat, Others), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), By Distribution Channel (Direct Selling, Distributor), And By Geography - Forecasts From 2022 To 2027

Published:  Jul 2022 Report Code: KSI061610027 Pages: 332

The global animal feed market size is evaluated at US$352,918.177 million for the year 2020 and is projected to grow at a CAGR of 3.26% to reach US$441,887.838 million in 2027. Animal feeds are referred to as those products which are responsible for improving animals’ health. The feed is given in various doses depending on the animal.

Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. The feed helps in enhancing the animal's abilities by providing enriched nutrients along with the feedstuff, accelerating growth and weight gain, and developing immunity. Outbursts of diseases in animals are a major factor contributing to the increasing adoption of animal feed as it enhances the health of the animals and in proper regulation of the food chain. High growth in the animal feed market is aided by the growth strategies of major players in the form of expansions and investments, which also helps in enhancing the product portfolio and reaching out to new target markets. Furthermore, the growing livestock population along with the shift from unorganized livestock farming to the organized sector is further expected to propel market growth opportunities in the coming years.

The increasing global food demand along with the growing global population is one of the major factors driving the growth of the global animal feed market in the forecast period. According to the United Nations' prediction, the global demand for food is expected to grow by over 50% by the end of 2050. To achieve this, animal food production is expected to be approximately three times (for dairy and fish) and almost double (for poultry, swine, and beef) in comparison to the current production rate. Global meat production is expected to grow by around 70%, aquaculture is expected to increase by approximately 90%, and dairy products are expected to rise by around 55%. This is because animal farming and the consumption of animal protein are essential for maintaining the nutritional well-being of individuals at the global level. Hence, the market is expected to grow at a significantly sustainable rate in the forecast period. As per FAO estimates, it has been estimated that the production of animal protein is projected to increase by 1.7% (approximately) every year during the period 2010 to 2050. According to the International Feed Industry Federation's Annual Report 2020-21, global compound feed production hit one billion tonnes per year in 2020. Commercial feed manufacturing has an estimated yearly turnover of more than $400 billion dollars worldwide. In addition, world feed tonnage climbed by 1% to almost 1.2 billion MT.

However, the high price volatility of raw materials is expected to hinder the growth of the market during the forecast period. Also, a growing shift toward the adoption of a vegan-based diet is expected to impede the growth of the animal feed market in the forecast period and the upcoming years.

Compound feed accounts for a substantial portion of the animal feed market worldwide, owing to the rising demand for meat and aquaculture products, which is the primary driver of compound feed market growth. Growing animal output and increased knowledge of high-quality meat, milk, and other dairy-related goods are two key reasons for boosting the market's growth.

The market is divided into cattle, swine, poultry, aquaculture, and other animal types. Due to the increasing demand for pig meat, the swine segment held the majority of the market over the projection period. Because of the strong demand for chicken and eggs as an economical source of protein, the poultry segment is predicted to develop at the fastest CAGR due to the increased production of poultry animals such as chicken and turkey. The global demand for white meat is rising, boosting the poultry segment's growth even more.

The Asia Pacific region is expected to hold a significant market share in the forecast period.

The animal feed market in the Asia Pacific region is accounted to hold a significant market share owing to a large consumer base, especially in the emerging economies of China and India. The expanding middle-class population with an increasing family income is contributing to the market growth in the forecast period. Consumers have greater spending ability for the fulfilment of their nutritional needs apart from a regular diet obtained from cereals.  Also, with the growing per capita disposable income, the market for animal feed is expected to surge coupled with the growing health awareness regarding the consumption of animal protein. Furthermore, animal feed plays a crucial role in the food industry, hence, with the growing food industry in the APAC region, the market for animal feed will also grow. This is because animal feed is essential for the availability of safe, and abundant animal proteins to satiate a huge population base. Moreover, the North American region is projected to witness substantial growth on account of growing poultry and beef production in the country, supported by a growing focus on increasing the nutrient content for the health of animals.

Recent Development

Right To Protein, a pan-national public health campaign, announced the launch of India's first feed label for animal protein products, 'Soy Fed,' in September 2021, to coincide with National Nutrition Month.

After Right to Protein, a statewide public health program launched India's first feed label, 'Soy Fed', Shalimar Group, a pioneer in the chicken sector, joined the league of adopters in February 2022.

In December 2021, BASF introduced Natupulse TS, a new enzyme product for animal feed. Natupulse TS is an enzyme that breaks down non-starch polysaccharides (NSPs). It hydrolyzes ß-mannans to smaller components, such as manno-oligosaccharides, as an endo-1,4-ß-D-mannanase (MOS). The introduction of ß-mannanase to the feed reduces the viscosity of the digesta, improves the feed's digestibility, and promotes a more sustainable output.

In October 2021, BASF and Cargill expanded their animal nutrition partnership, adding new R&D and innovation capabilities as well as new markets to their existing feed enzymes sales agreements.

Alltech launched a new range of premium equine vitamins called Lifeforce TM in May 2021. These supplements were developed to satisfy the demands of modern horses throughout their lives, from performance to recreation, and are backed by more than 40 years of scientific research and formulated with field-proven technologies.

July 2020, Kemin Industries represented its architectural renderings of a new quality control lab to enhance its innovation and research capabilities which are to be constructed at its headquarters in Des Moines, Iowa.

In July 2020, Kemin Industries acquired a U.S patent application for a method for the African Swine Fever virus in the feed.

In March 2020, Alltech announced its partnership with aqua feed nutrition company Corey Nutrition intending to enhance its feed products portfolio for fish farmers across the North American region.

COVID-19 Impact on Animal Feed Market

The outbreak of the novel coronavirus disease is anticipated to have a moderate negative impact on market growth, particularly during the year 2020 which is majorly attributed to the disruption in the supply chain activities due to trade restrictions globally. Moreover, a significant decrease in meat consumption owing to growing health concerns amid the pandemic coupled with the closure of malls, restaurants, and others caused a slump in the food services sector in many parts of the world and also played a major role in impacting the market during the short run. However, a strong market recovery is anticipated in the coming years with restrictions being eased off in many countries and the opening of malls, hotels, and restaurants is further pushing the demand for meat.

Animal Feed Market Scope:

Report Metric Details
 Market Size Value in 2020  US$352,918.177 million
 Market Size Value in 2027  US$441,887.838 million
 Growth Rate  CAGR of 3.26% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Livestock, Raw Material, Distribution Channel, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Alltech, Cargill, Incorporated, Kemin Industries, Inc., Trouw Nutrition, Charoen Pokphand Foods PCL, BRF S.A., New Hope Group, ADM Animal Nutrition, Kent Nutrition Group, Tyson Foods, Inc
 Customization Scope  Free report customization with purchase.

 

Segmentation

  • By Type
    • Fodder
    • Forage
    • Compound Feed
  • By Raw Materials
    • Soya
    • Corn
    • Rendered Meat
    • Others
  • By Livestock
    • Swine
    • Aquatic Animals
    • Cattle
    • Poultry
    • Others
  • By Distribution Channel
    • Direct Selling
    • Distributor
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • C Japan
      • China
      • India
      • South Korea
      • Thailand
      • Vietnam
      • Philippines
      • Indonesia
      • Malaysia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the animal feed market size by 2027?
A1. The animal feed market is projected to reach a total market size of US$441,887.838 million by 2027. 


Q2. What is the size of the global animal feed market?
A2. Animal Feed Market was valued at US$352,918.177 million in 2020.  


Q3. What are the growth prospects for the animal feed market?
A3. The global animal feed market is projected to grow at a CAGR of 3.26% during the forecast period. 


Q4. What factors are anticipated to drive the animal feed market growth?
A4. Rapid urbanization and growing consumption of meat and other end products such as milk and eggs across different regions are driving the animal feed market growth opportunities during the forecast period. 


Q5. Which region holds the largest market share in the animal feed market?
A5. The animal feed market in the Asia Pacific region is accounted to hold a significant share of the animal feed market owing to a large consumer base, especially in the emerging economies of China and India.

 
1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis

5. Global Animal Feed Market Analysis, by Type
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed

6. Global Animal Feed Market Analysis, by Raw Materials
6.1. Introduction
6.2. Soya
6.3. Corn
6.4. Rendered Meat
6.5. Others

7. Global Animal Feed Market Analysis, by Livestock
7.1. Introduction
7.2. Swine
7.3. Aquatic Animals
7.4. Cattle
7.5. Poultry
7.6. Others

8. Global Animal Feed Market Analysis, by Distribution Channel
8.1. Introduction
8.2. Direct Selling
8.3. Distributor

9. Global Animal Feed Market Analysis, by Geography
9.1. Introduction
9.2. North America
9.2.1. By Type
9.2.2. By Raw Material
9.2.3. By Livestock
9.2.4. By Distribution Channel
9.2.5. By Country
9.2.5.1. USA
9.2.5.1.1. By Type
9.2.5.1.2. By Raw Material
9.2.5.1.3. By Livestock
9.2.5.2. Canada
9.2.5.2.1. By Type
9.2.5.2.2. By Raw Material
9.2.5.2.3. By Livestock
9.2.5.3. Mexico
9.2.5.3.1. By Type
9.2.5.3.2. By Raw Material
9.2.5.3.3. By Livestock
9.3. South America
9.3.1. By Type
9.3.2. By Raw Material
9.3.3. By Livestock
9.3.4. By Distribution Channel
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.1.1. By Type
9.3.5.1.2. By Raw Material
9.3.5.1.3. By Livestock
9.3.5.2. Argentina
9.3.5.2.1. By Type
9.3.5.2.2. By Raw Material
9.3.5.2.3. By Livestock
9.3.5.3. Others
9.4. Europe
9.4.1. By Type
9.4.2. By Raw Material
9.4.3. By Livestock
9.4.4. By Distribution Channel
9.4.5. By Country
9.4.5.1. United Kingdom
9.4.5.1.1. By Type
9.4.5.1.2. By Raw Material
9.4.5.1.3. By Livestock
9.4.5.2. Germany
9.4.5.2.1. By Type
9.4.5.2.2. By Raw Material
9.4.5.2.3. By Livestock
9.4.5.3. France
9.4.5.3.1. By Type
9.4.5.3.2. By Raw Material
9.4.5.3.3. By Livestock
9.4.5.4. Others
9.5. The Middle East and Africa
9.5.1. By Type
9.5.2. By Raw Material
9.5.3. By Livestock
9.5.4. By Distribution Channel
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.1.1. By Type
9.5.5.1.2. By Raw Material
9.5.5.1.3. By Livestock
9.5.5.2. Israel
9.5.5.2.1. By Type
9.5.5.2.2. By Raw Material
9.5.5.2.3. By Livestock
9.5.5.3. UAE
9.5.5.3.1. By Type
9.5.5.3.2. By Raw Material
9.5.5.3.3. By Livestock
9.5.5.4. Others
9.6. Asia Pacific
9.6.1. By Type
9.6.2. By Raw Material
9.6.3. By Livestock
9.6.4. By Distribution Channel
9.6.5. By Country
9.6.5.1. Japan
9.6.5.1.1. By Type
9.6.5.1.2. By Raw Material
9.6.5.1.3. By Livestock
9.6.5.2. China
9.6.5.2.1. By Type
9.6.5.2.2. By Raw Material
9.6.5.2.3. By Livestock
9.6.5.3. India
9.6.5.3.1. By Type
9.6.5.3.2. By Raw Material
9.6.5.3.3. By Livestock
9.6.5.4. South Korea
9.6.5.4.1. By Type
9.6.5.4.2. By Raw Material
9.6.5.4.3. By Livestock
9.6.5.5. Thailand
9.6.5.5.1. By Type
9.6.5.5.2. By Raw Material
9.6.5.5.3. By Livestock
9.6.5.6. Vietnam
9.6.5.6.1. By Type
9.6.5.6.2. By Raw Material
9.6.5.6.3. By Livestock
9.6.5.7. Philippines
9.6.5.7.1. By Type
9.6.5.7.2. By Raw Material
9.6.5.7.3. By Livestock
9.6.5.8. Indonesia
9.6.5.8.1. By Type
9.6.5.8.2. By Raw Material
9.6.5.8.3. By Livestock
9.6.5.9. Malaysia
9.6.5.9.1. By Type
9.6.5.9.2. By Raw Material
9.6.5.9.3. By Livestock
9.6.5.10. Others 

10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix

11. Company Profiles 
11.1. Alltech
11.2. Cargill, Incorporated
11.3. Kemin Industries, Inc.
11.4. Trouw Nutrition
11.5. Charoen Pokphand Foods PCL
11.6. BRF S.A.
11.7. New Hope Group
11.8. ADM Animal Nutrition
11.9. Kent Nutrition Group
11.10. Tyson Foods, Inc

Alltech

Cargill, Incorporated

Kemin Industries, Inc.

Trouw Nutrition

Charoen Pokphand Foods PCL

BRF S.A.

New Hope Group

ADM Animal Nutrition

Kent Nutrition Group

Tyson Foods, Inc

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